The New York herald., 1920-01-22
FAVOR U. S. LOANS
TO SOUTH AMERICA
Delegates to Pan American
Financial Congress Agree on
Recommendations.
NEEDS OF EACH REPUBLIC
More and Better Transportation Fa-
cilities Among the Things
Most Desired.

WASHINGTON. d. c.. Wednesday.
egates to the Pan-American financial
congress completed today their intensive
study of particular national problems, az
carried on in group sessions with Ameri-
can business men acting as advisers, and
they were the guests tonight of the Sec.
retary of State and Mrs. Lansing at ar
official reception in The Pan-Americar
Union. The national groups will report
to the congress tomorrow as a whole a,
two general sessions.
The national group conferences In sew.
eral cases adopted resolutions directly OF
indirectly recommending to American
bankers the granting Of loans to South
American republics. DR.. Luis Borja, FL
nancial Minister of Ecuador. obtained
adoption by his national group of plan
for the refunding of the entire interna
and external debt of the country, involv-
ing $50.000000. and for the supplying Of q
surplus to be used in railroad construc-
tion.
Nicaraguan delegates asked for loan
of s3,c00oc0 to complete railroad lines now
under construction. and the Bolivian rep
resentatives, in addition to a loan asked
yesterday for railroads. suggested that
further financing be attempted by United
States bankers fo' sanitary and transpor-
tation improvements within the country.
Cuba Very Prosperous.
The Cuban delegation reported unparal-
leled prosperity within the island. fav-
orable trade balance of $2OO0o0,OOO In 1919
and national budget of expenses less
than the total raised by taxation. The
only fear expressed by the Cubans was
the possibility Of a fall in the present
prices of sugar. and to avert that the
general congress will be asked to oppose
any special granting OF sugar bounties In
Pan-American countries. Removal OF re-
strictions on tourist travel also was asked
by the Cubans.
Several commercial recommendations
were decided upon by the Brazilian group.
including the elimination of custom taxes
on commercial travellers samples. ex-
tension OF parcels post and the establish
ment of improved communication by wire
less and able.
The Brazilians also suggested the estab-
lishment of an International training
ground for the development of an aviation
service between the Americas. especially
utilized for parcel post purposes. The
delegates voted ito request the govern
ments of the United States and Brazil to
appoint a joint commission to study COM
munication possibilities. More and larger
ships were asked for by the Brazlians for
the trade between the two continents.
Transportation Problems.
Many of the other groups touched on
the tra nsportation situation. Peru asked
that an expert be appointed to report to
the governments concerned the possibilities
OF improving present steamship service.
and the representatives from Paraguay
asserted that passenger and mail COM
munication between the United States and
uIo md
more unsatisfactory than communication
between the same ports and Europe. The
latter strongly urged the United States
Shipping Board to establish fortnightly
sRilings Of faster boats to these points.
DR.. Adolfo Cardenas. Of the Nicaragua
delegation. announced that educationa
authorities in his country were arranging
70 employ an American educator. whose
duty it would be 10 revise the present
system OF public schools.
The Dominican Republic committee
recommended that negotiations be opened
for five million dollar loan from United
States sources. to be secured by a lien on
customs revenue and expended on internal
improvements. Developments within the
country justify the step: the group asserted.
The taking of steps which would enable
Latin American banks to open branches in
the United States was advocated by the
Chiian group. Recommendation also were
made that the dollar be made legal ten
der in Chill and that dollar exchange be
quoted on the exchanges at Santiago and
Valparaiso. II was agreed by the group
that modification OF Chiian laws to per-
init longer franchises to companies de-
veIoping electric power and other invest
ments requiring large outlay of capital
was advisable to permit a life OF eighty
years before installations should revert to
the government.
The recommendations Of the Brazilian
group as regards improved wireless and
ca Bile communica ton were that steps be
tnken to insure direct cable communication
between the United States and Brazil.
either nv lire along the east coast or
nv extension of the present line to Colon
aud that government control in the wire
less stations be established in Brazil and
this country.
The group considering the interests Of
Salvador adopted resolutions urging the
establishment of a monthly trial service
of a 5000 ton steamer between New York
or Boston and Salvador. Need for the
completion of the connecting link of rail-
way Joining Santa Ana in Salvador with
Zacapa in Guatamalea was pointed out.
the delegates asserting that the journey
from Salvador to New York thus might
be made in eight DAYS.
Tho ideas of the Panama group were
expressed in the statement that whatever
,s aood for the United States Is good for
Panama and whatever is good for Pam
ANA is good for the United States"