Evening star. [volume] (Washington, D.C.) 1854-1972, 1917-01-28
ALL. AMERICAS MAY
CONFER HERE AGAIN
Congress Asked for $50 900
to Entertain Nations
Delegates Next Fall.
MEASURE PASSES SENATE

Plans are maturing for proposed
second pan-American financial confer
ence to be held here.
The next conference, in which the
nineteen other nations of the American
hemisphere will be asked to participate
again. as they did two years ago at
great gathering in Washington, will
be held in the fall of this year, IL Con-
gress consents to authorize Secretary
of the Treasury McAdoo to invite the
participation of the Latin American
countries. An appropriation of $4,000
has been asked Of Congress for the en-
again be tho guests of the United
States. and the Senate has the appro.
priation as an item. on tho diplomatic
and consular bill.
Such a conference would be a great
thing for ell the American nations"
John Barrett, director general of the
pan,American Union. said last night.
and 1t Is greatly to be hoped that it
will take place"
First Conference Two Years Ago.
The first pan-American financial cons
ference was held here two years ago,
gathering in the Hall of the Americas
Of the Pan-American Union building
for the opening session. which was at
tended by President Wilson and all the
high officials of the Washington gov
ernment. The Latin American countries
sent some CT their most distinguished
men to Washington to take part, among
them secretaries Of the treasury or
ministers of finance. secretaries Of
state as well as big business men.
such as Samuel Hale Pearson of
Argentina, who has been characterized
as The J. Pferpont Morgan of Argen-
tina. Frank A. Vanderlip, president
OF the National City Bank of New
1 rork; MT. Farrell. president of the
some Of the other biggest business and
financial men OF the United States
came to Washington, remaining here
Tor a. whole week, in an effort to bring
about closer relationship between the
Latin American countries ana the
United States. made desirable by bust
ness and financial conditions as a result
OF the European war.
"a AZ mat conference some Of the great
est stare entertainments ever seen
wlehin the memory Of the present and
ehe previous generation took place.
MT Bryan. then Secretary of state: Mr..
n.s secretary OF the Treasury. and
o,heLs gave themselves up almost COM
pletely to the work and entertainment
or the conference.
Delegates Elaborately Entertained.
great state banquet was given at
the Pan-American Union; there were
White House receptions: the presiden-
tai yacht Mayfiower. with the Marine
Band aboard. was detailed to take the
distinguished visitors to Mount Vernon.
and friendly feeling was brought
about between Latin Americans and
citizens Of the United States which
made for a much closer understanding
than had ever existed before between
the different peoples
Financiers and big commercial men of
q; United States met in group sections
IN motel suites. for heart-to-heart bust
ness talks with Latin Americans. and
many important development projects
and financial underwritings were
Matched. OF benefit to all countries
Out of the first conference grew the
International High Commission Of the
americas, which met at Buenos Aires
last year. in sort of second confer
ence, SO that the proposed conferences
for this year will really be, in effect. a
third conference.
To Discuss After-War Problems.
Those who are familiar with the plans
for the coming conference said last
night that II it is carried out It will
be of the greatest assistance to Latin
Americans as well as citizens Of the
United States in solving the problems
all of the American countries must face
at the conclusion of the European war.
From time to time there have been re-
ports Of the activity of the European
governments in efforts to retain the
trade of Latin America they held be-
fore the war began.
Conferences of the allied governments
have been held in Paris on this subject,
and the Teutonic- allies now have COM
missions at work in Latin America, en-
deavoring to maintain Germanic pres
tige there in business and finance. So
that the desirability of another pam
American financial conference in Wash
ington. 1t is said, has naturally ce-
veloped itself as a result of world
events particularly in connection with
thte constant agitation in this country
for industrial efficiency and prepared
ness evidenced in such measures as the
Webb bill. now before the Senate, which
would permit the combination of Amer
lean business concerns to obtain for.
eign trade.