The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-01-24
SOUTH AMERICA
ASKS FOR LOAN
Proposal Made to Act as
Medium for Aid to
Europeans.
WOULD PAY OFF DEBTS
Plan Is for U. S. TO Extend
Loan TO Southern Repub-
lies 10 Meet Demands.

NASHfNGTOS, Jan. Ecc.
ommendation that proposed relief
for Europe from the unitod states
no furnished through tho medium OF
loans to tho countries OF sousJ and
Central America thc proceeds OF
which would be used 10 pay the
debts Of those countries io IMllu.
ln the form or foodstuffs and other
neccsslrics. was considered tonight
by many Delegates tu the second
pan American financial congress iH
no outstanding conclusion ~ Tine
congress which closed iiH sessions ju
day
The European relief rucommoudl.
iion presented tO the congress Dos
Or Jose Luis rolndas was embodied
IN a s"rIcH OF TX resolutions hD.ilUg
forth tho conclusions reached 900 he
weeks meeting Doctor ruJddaa and
other delegates pointed OUT mat az
Europe acted as the ftuHnyier NJ
Latin America before the war many
~ tho southern republics were In.
dehted TO many European nations
needing relief and were IN poH-
lion to pay those debts with tho
needed oommodllies,s II Tho United
States. n was bsscrtsd, would confer
10 double benefit ny allowing the
ATTN Anne rican countries TO act uH
the "middlemcn" In proposed relief
measures Tho existing exchange
rates would work to the advantage
~ eil concerned, Doctor ToJadaa
tiid. and At least $1,000 0Ou 600
Sould be made immediately avail
able to Europe through the plan.
The congress at its closing session
heard addresses by W. T.. g. Hard
ing, governor 81 tho United states
federal reserve board. and by br.
Enrique Marines Sohral Of the
Mexican delegation Bidding the
delegates farewell. Secretary OF the
Treasury GlaEs declared
The congress, I ISel sure, has
accentuatcd the scntiiu''nt ana com
mon purpose ana strengthened The
bonds OF operation between IN"
American republics. II has tended
TO improve the relations OF cordial
ity and affection and To unite them
in service to each other, to human
ity and to The world"
Tomortrlw the dclcgAteA will visit
the naval academy at Annapolis and
Monday aud Tuesday will br spent
At tho Hog Island ship building
Yards near Philadelphia ana In New
York the final function being a
dinner in New York Tuesday night
by III" pan-Amcrican society of the
United states.
The recommendations Of the CON
srcas To which Bolivia Brazil and
Venezuela, noted reservations deal
ing for tho most part with amphtl-
cations of certain sections or rec
onmending changes In wording were
sCt forth In IA statement tonight as
follows:
THAT tho namo of the intcrna-
.ionHl high commission ho changed
to tho inter-hmcrican high com
mission. the better TO indicate It's
constituency and sphere Of work.
"TLat tho report Of tho trans
portation committee recommending
Increased freight and passenger
ocean service to South America be
transmitted to the United states
shipping board for consideration
and action.
THAT the recommendations deal
ing with railroad transportation.
postal and telegraph facilities be
sent 10 the inter American high
comm tssion for action
THAT ,hc legislation OF certain
states OF this country hc so modi p
fled as to permit operations ot
branches of Latin American banks
within their jurisdiction under
proper regulation. 50 as To secure
equality Of treatment
That the inter American high
commission study the possibility of
obtaining uniformity and equality OF
treatment I'm laws regulating foreign
corporations In Latin America,
THAT there be developed In
creased use Of acCeptanccs for the
purpose ut financial transactions in
volylng import and export of goods.
Tho hope IS expressed that the
United states will offer widening
market for long time Latin -Amerl-
can securities"
A new coal delivery motor truck
fiila hnsll nIa ON "A low nlNlfnrm- thcn