Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-12-05
CENTRAL AMERICAN
UNION SEEMS LIKELY
Secretary Prado of Guatemala Legation
Confident of the Combination
Ultimately.

failure to release him from prison
VIII mean his death in a short time. =
X
The Cruguayan legation here. act
ing on the strength of a cablegram'
received last week, has officially de-
that moratorium was to be declared
there, following the recent mora
torium in Paraguay. At the end of
october total paper currency in the
country was reported as 54.Ses.0o0
Uruguayan pesos. backed by a gold
reserve in the Bank Of the Republic
of more than $5s.27o.o0O: in private
, banks OF more than $S,2S3,000, and in
foreign banks of more than $22.613.-
ooo. to guarantee the currency issues.
X \ X x
Announcement has been made Of the
formal opening of the Banco Mercan- q
til y Agricola de Beunos Aires, which
is affiliated with the Mercantile Bank /.
Of the Americas.
Senior Salvador Sol. minister from
Salvador to the United States, who
left Washington not long ago on an
indefinite leave of absence pending
his governments acceptance of his
resig nation. probably will not return
to this country. according to advices
which have reached the legation here
from Salvador. The minister's resig-
nation probably will be accepted with
| in a short time, 1t is said.
Senior Davila, who served here be-
fore as minister from Salvador. may
| be appointed to the post again, ac-
| cording to information which has
| reached Washington. Nothing definite
| has been learned here. however, and
several prominent men in Salvador
are under discussion for the appoint
| ment.
+ y
NJ. T.. Cchnr1 racenf1y onpnintod
commercial attache at the American
| embassy in Rio de Janeiro. Brazil will
sail from New York January 10. He
| Is in Washington at present, doing
| American trade at the Department Of
| Commerce.
The government of Salvador will
prohibit the importation of certain
luxuries and essentials after January
The articles prohibited include pas
| senger automobiles. bicycles. motor
| cycles. shoes. wooden and wicker fur
niture, trimmed hats, silk manufac-
| lures. tobacco, beer. champagne and
other sparkling wines. The step is
taken. it IL explained. to alleviate the
financial situation.
| !: Y \
The Cuban minister. DR.. Carlos
| Manuel de CeSpedes. visited New York
] last week to confer. it Is understood.
| with New York bankers regarding the
possibility Of a loan to his country.
Among those whom he is believed
to have consulted was Albert Rath-
bone, former assistant secretary Of the
Treasury, who recently was named
financial adviser to the Cuban govern
ment. Several weeks ago. after the
declaration of the Cuban moratorium
| President Menocal asked the United
ST. g apro-t finar"i"' ndvissr to
assist the republic in working out its
financial problems.
Officials here are not surprised, It is :
! believed. by the declaration Of Presi-
dent Menocal that the moratorium
| would be extended from December to :
| December 81. They have been advised
| by representatives Of the Cuban govern
ment as to the exact situation there. z
| which warranted an extension Of the
moratorium. Among the Cubans in
Washington recently. on this mission was
| Col. Jose Tarafa, who held number
| of conferences with Undersecretary of
State Davis.
The economic and financial tangle in
Cuba, partly due to the drop in the
price of sugar and the congestion I'm
the harbor at Havana, is not to be con-
| fused with the present political situa-
| ton there. Although the election held
several weeks ago is as yet undecided
! the general belief is that DR.. Alfredo
| Ldy6S, COdllClOHlSl, Will NC cbcCicu Uy q
safe majority. The United States
/ throughout has refused to take q hand
| in the Cuban political difficulties.
| + 4 X X
| The Guaranty Trust Company of
New York has jus issued booklet
on "Essentials of r aiding with Latin
America" The following extract is
| interesting: During the year ended
J June 80, 1920. our trade with South
America, imports and exports includ-
ed. totaled 51.sss.479. The ball
ance against us in South America was
s370.000.121. The adverse balance in
Cuba was $24S. 976.779. We had small
favorable balance, however, in Central
America.
1T is thus plain that special ef-
fort is required to strengthen our ex-
| port position and protect our gold
! reserves. This can be accomplished
today only by expert handling OF this
commerce Fortunately. the number
Of trained men availa BILE Is constant
~ on the increase. through the edu-
cational efforts of schools and col
| leges, the growing interest in the
Latin languages and the willingness
of young Americans to serve as. rep
resentatives Of business houses
abroad"