The New York herald., 1920-01-19
START CONFERENCE.
TODAY ON FINANCE.
OF PAN-AMER|CA.
Transportation Among First
Subjects To Be Discussed at
Washington Gathering.
By THOMAS q. ALVORD.
Herald Bureau,
No. 1,5O2 III Street, n. W.,
WashlnRtOn, ID. C., Sunday.

The delegates from Central and South
America to the second Pan-Amercan FL
nanciai Conference. numbering about
sixty of the most distinguished treasury
officials, bankers and business men of
those countries. were taken to Mount Yer
non today, preliminary to the work of the
confer ence which begins tomorrow in The
Hall of the Americas in the Pan-American
Union building. Two hundred and fifty
prominent representatives OF the finan-
cial, commercial and governmental inter-
ests Of the United States will take part
N the proceedings.
AT tie opening session the delegates will
ne welcomed by letter from President
Wilson and by an address from Robert
lansing, Secretary of State. Carter Glass
secretary of the Treasury. will preside.
IN a session lasting a week the conference
VIII consider the financial needs of Latin
America and the extent to which these
needs can be met in the United States; The
transportation requirements of Latin
America will bulk large among the sub
Ject TO be discussed. This question will
ONE up tomorrow in discussion on THE
impror emen. Of Ocean and Land Trans
portaton Facilities to be followed by
remarks by John Barton Payne on The
Goard. "
New Steamships for Line.
The passenger service between New
York and the west coast of South Amer
ica is soon to be improved by the addi-
tion of two steamships to the Grace fleet.
This will make total of four American
passenger ships operating from New York
via the Panama Canal to Callao, Mollendo.
Tau9ui, Antofagasta and Valparaiso
The Venezuelan delegation will urge the
establishment of direct passenger service
from New York to La Guayra.
Miiliam G. McAdoo will preside over the
conference on Tuesday and will present
the problems of international finance.
The work of the high commission then
will be reviewed by John Bassett Moore
and two Of the visiting delegates. Finan-
caI and industrial questions intimately
related to the future we'll being of the
Latin republics will be taken up by group
committees after speeches outlining them
have been made in open session. 1t is In
these committee meetings that the I'M
portart work of the conference will be
done. Muchis is hoped for from them reia-
tive to international loans. the upbuilding
of railroad and steamship lines, moderniz-
ing and installing public utilities. sewer
age systems and sanitation plans in Latin
American cities, the building OF roads. de-
velopment Of commerce, providing OF
credits and aiding business by bringing
about uniformity in trade practices ana
customs.
Big Men on Committees.
There will be nineteen group committees
in which the 80 financial and business
leaders of the United States will confer
with the sixty Latin American delegates
Among the Americans there win be James
J. Farrell. president OF the United states
Steel Corporation: Edwin \. Hurley, for
mer chairman OF the Shipping Board
Joseph p. Grace, of w. r. Grace Co.;
John Hays Hammond, international min
ing engineer: James Speyer. banker; Major
William G.. Gorgas. now with the Rocke-
feller Foundation: President Goodnow, or
Johns Hopkins University; j. G.. White, in
ternational engineer: former Governor
Manning. of South Carolina. and w. Cam
'nron Forbes, former Governor OF the
Philippines.
Secretary Carter Glass. who presided
over the preliminary meeting of the Latin
american delegates. was chosen president
of the conferences; DIR. L. S. Row. secre-
'tary general. and DR.. G. e. Mcguire and
DR.. Suillermo a. Sherwell. assistant sec
retares general. Secretary Glass at once
appointed the eight Ministers of Finance
present from southern republics, honorary
presidents and the chairmen of the nine
(, enth Latin American delegations at the
- eeting honorary vice presidents. The
following delegates were selected to pre-
,.5a over general sessions:-
.T. Carlos Manuel Cespedes Minister
~scr, Cuba to the United States; DR.. Ri
cardo vecino, Minister of Finance of Uru-
quay: DR.. Rafael II. Elizalde. Minister
from Ecuador to the United States. and
General Juan r. Paredes, chairman of the
Honduran delegation.