The New York herald., 1920-01-24
LATIN AMERICAS
WOULD AID EUROPE
Urge United States to Let
Them Act as "Middlemen" to
Repay Obligations Abroad.
CONFERENCE OFFICIALLY END
Members of Meeting 10 Come to
New York for Final Gath
ering at Dinner.

mendation that proposed relief for Europe
from the United States be furnished
through the medium of loans to the coun-
tries of South and Central America the
proceeds of which would be used to paw
the debts of those countries to Europe in
the form of foodstuffs and other neces-
saries. was considered tonight by many
delegates to the Second Pan-Americar
Congress as the outstanding conclusion of
the congress, which closed it's sessions to-
day.
The European relief recommendation,
presented to the congress by DR.. Jose Luis
Tejadas, was embodied in series OF
eighteen resolutions setting forth the con-
clusions reached at the weeks meeting
DR.. Tejadas and other delegates pointed
out that as Europe acted as the financier
of Latin America before the war, many of
the southern republics were indebted To
many European nations needing relief and
were in a position to pay those debts with
the needed commodities.
United States Benefsctor.
The United States. it was asserted, would
confer a. double benefit by allowing the
Latin American countries to act as the
"middemen" in proposed relief measures.
The existing exchange rates would work
to the advantage of all concerned, Dr.
Tejadas said, and at least one billion doi-
lars could be made Immediately available
to Europe through the plan.
The congress at its closing session heard
addresses by w. p. G. Harding. governor
of the United States Federal Reserve
Board, and by DR.. Enrique Martinez So
bral. of the Mexican delegation. In bid
ding the delegates farewell Secretary OF
the Treasury Glass declared
THE congress. feel assured. has accen-
tuated the sentiment of common purpose
and strengthened the bonds of co-opera-
ton between the American republics. IT
has tended to improve the rela tions OF
cordality and affection and TO unite them
in service to each other, to humanity and
to the world
Tomorrow the delegates will visit the
Naval Academy at Annapolis, and Mon
day and Tuesday will be spent at the Hog
Island shipbuilding yards near Phladel-
phia, and in New York, the final function
being dinner in New York Tuesday
night given by the Pan-American Society
of the United States.
Recomme ndstions Adopted.
The recommends tions OF the congress.
to which Bolivia. Brazil and Venezuela
noted reservations dealing for the most
part with amplfications of certain sec
tions or recommending changes In word
ing. were set forth in a statement tonight
las follows
That the name of the International
High Commission be changed to "Tho
Tnter-American High Commission" the
better to indicate its constituency and
sphere of work.
That the report OF tho ransportation
Committee. recommending increased
freight and passenger ocean service 10
South America be transmitted to the
United States Shipping Board for cou-
sderation and action: that the recon-
mendations dealing with railroad trans
portation, postal and telegra ph facilities
be sent TO the Inter-American High Com
mission for action.
That the legislation of certain States
in this country be so modified as to permit
operation of branches of Latin-Amercau
banks within their jurisdiction under
proper regulation, so as 10 secure equality
of treatment.
Would Develop Trade Exchange.
THAT the Inter-American High Com
mission study the possibility of securing
uniformity and equality OF treatment in
laws regulating foreign corporations in
Latin-America.
That there be developed increased use
of acceptances for the purpose of financial
transaction involving import and export
of goods. The hope is expressed that the
United States will offer a widening market
for long thine Latin american securities
That the Inter-American High Com
mission be asked to further establishment
OF an international gold fund. which plan
already has been adopted by several South
Anglican republics.
THAT the Inter-American High Com
mission bring to the notice of the Amerf-
can governments the desirablity of adopt
ing uniform law on the subject OF
cheques.
THAT the Inter-American High Com
mission be asked to study the best method
of individuals and corporations in Latin
American countries.
THAT the plan OF arbitration of CONNER
cial disputes in effect between the Bolsa
de Commercial of Buenos Ayres and the
Chamber of Commerce of the United states
be adopted by all the American countries
''That the Inter-American High Conmis-
sion be asked TO study the creation of au
ihter-American tribunal for the adjustment
OF questions OF a commercial or financial
nature involving two or more American
and the determination OF such
questions by law and equity.
That the importation Of raw materials
into any country shall not be prevented by
prohibtive duties
THAT the banking interests of the United
states study the possibility Of financial
relief TO Europe by repaying Latin.Ameri-
can obligations held in Europe by means
OF new loans granted in the United States
TO the respective Latin-American countries
IANIT0P IMuEQITc SoO Oo0.