Evening star., 1919-12-28
FINANCIAL PARLEY
LIKELY T0PR0TECT
EXPORTERS TRADE
International Action Expect
ed to Be Planned at
January Conference.


porterS against unfair competition is
one result looked for from the second
pan american financial conference.
which assemblies in this city January
19 next. meeting that will bring to-
gether. the most influential group of
f1nancierS ever assembled in the
western hemisphere.
Lack of cooperation between diff
ferent countries has enabled exporters
to obtain orders by submitting sam
Piles of a quality superior to the
goods later delivered. This and SINH
lar practices have been controlled
where the tarnsa ction is covered by a
single legal code. and the conference
will take steps next month to circum-
vent trade pirates who operate on an
international scale.
Other Matters to Be Taken Up.
Other topics which will come before
the conference. according to the ten
tative program. include the credit sit
uation of the world problems of the
United States as creditor nation,
international cooperation in COM
merce and finance. the scope and work
of the international high commission.
fiscal and currency reforms, and i'm
provement of ocean and land trans
portation facilities.
The keynote of the conference will
be sounded by a representative of the
meeting in the Pan-American build
ing. probably by whoever succeeds Mr..
Carter Glass as Secretary of the
Treasury. In the subsequent discus
sioEs at least one Latin American
ffnancier of international reputation
viii speak at length on each issue.
Three or four delegates are expected
from each Central and South Ameri-
can country, and most of them have
responded to the invitation to send
their minister of finance, correspond
ing to our Secretary of the Treasury,
to the conference.
First Conference Held in 1915.
The first pan-American financial
conference was held in this country in
May. 1915. 1t was brought about by
the unsettled conditions following the
outbreak of the war in Europe, when
German trade was cut off from the
Americas when German. French and
English goods and credits suddenly
stopped and ocean transportation be-
came extra hazardous.
A few months later Secretary Nc
Adoo. as head of the Trea sury De-
partment. visited South America, and
the international high commission was
organized in Buenos Aires by those
who had attended the conference here
Now the child has become the parent
and the second financial congress has
been called by the international high
commission.
Merchant Marine Is New Factor.
The development of the merchant
marine of this country has put an en-
tirely new complexion on the trade
relations of this country with its
southern neighbors. and it is expected
that the future shipping policy of this
country as outlined at the conference
will be of deep interest, not only to
dn1 1aC hut I, i
of this country as well. John Barton
Payne, chairman of the shipping
board. has been asked to make the
principal address on this subject be-
fore the conference, and it is be-
lieved he will accept.
The scope and work of the interna- :
t1onal high commission and the pur-
pose of the conference here next
month is better known in some Latin
American countries than it is here,
and American representatives at the
conference will be quite as much
alive to waking this country to the
benefits of trade with Central and
esting foreign visitors in the advan-
tages of trading with the United
States.
Delegates to Tour U. S.
At the conclusion of the conference
January "a the delegates from south
ern republics will visit the industrial
and agricultural centers of the Unit
ed States. but they will not go in a
group nor will the tour be in the ma
ture of a sightseeing junket In
stead the delegates will be divided ac-
cordlng to industries. those interested
IN steel fabrics going to Pittsburgh.
Gary and south Chicago; those in
terested in shoes and clothing visit
ing the New England manufa cturine
centers; those concerned with stock
raising going to the western states.
etc.
Officers OF High Commfssion.
The Secretary of the Treasury of
the United States is chairman ex
ohcio of the international high COM
mission. and John Bassett Moore of
Columbia University is vice chairman.
DR.. l.. S. Rowe, chief of the Latin
American division of the State De-
partment, is secretary general of the
conference and has as his assistant
DR.. Guillermo A. Sherwell, who also is
Juristic expert for the commission.
The appointment of group commit
tees for all of the countries repre-
sented in the Pan-American Union
was announced last week by Secre-
tary Glass, the list including the
names of more than 200 financiers.
manufacturers and shippers of ma
tional prominence. Each group will
meet with the representatives Of the
country to which it has been as
signed. and any question that de-
velopS which affects the general mar