New-York tribune., 1920-01-28
d. CA0OO II dVOTS U.S.
Shipping Board Aid
10 South America
Would Increase Trade by En-
tending Marine Facilities;
Believes individual Capt.
tai Will Care for Credits

Extension Of the Emergency Fleet
Corporations activities to include the
..,shlishment and operation of steam
,b;n lines between this country and
,outh and Central American ports is
.sesssary to the economic welfare of
,bs Western Hemispnere, according to
w;|lam G. McAdoo. FORMER Secretary
4 the Treasury. Speaking at the din
,.r OF the Pan American Society at
me Waldorf-Astoria last night, given
= honor of the delegates to the second
psn.Americsn Financial CONGRESS-.
'r5ieh closed last week in WASHINGTON,
w NcAdoo. rs well as other speakers.
smphasized the need or more ships to
he southern continent and greater
.rsdits. not only TO 1nance the trade
~ this country TO Latin America, but
siso to develop the latent resources
II South and Contra. America.
aIn spite of the fact that the gov
syrment of the United States has spent
5000 100000 or thief construction of
INNS" said Mr.. McAdoo. there is not
ons ship flying the American flag ply
lng 8 regular route DeS"SeN tnlS cOun-
~ and Central or South American
finished. They would prove to be
nroatable in the long run, although
asses might have to be taken on some
routes at first.
Wants individuals to Aid
Mr.. McAdoo expressed tho opinion
that financial aid for South America
would be forthcoming from this coun-
Try. Although the credit of the United
ststes has been strained by the war.
he said, American resources are suf-
6cient to meet all the demands that
will be made upon it. 1t is not the gov
ernment's place to lend financial aid
as this time. he believes, but the duty
oi private capital. With no spirit Of
criticism he urged upon the Latin
American delegates the necessity of
presnting adequate security and pro-
lection to American capital if it is to
be invested in South American and
Central American enterprises. Our gov
eminent and those of the Latin-Am RI
can countries both should protect the
Ives, property and capital of Ameri-
can citizens doing business in Latin
America, he concluded.
hat the younger brothers of the
American family want of their eledr
brother, as he characterized the United
States, was explained by DR.. Ricardo
Aldao, one Of the Argentine delegates.
Under this heading he classified tinan-
cial aid in developing Latin-American
resources, greater knowledge of
Spanish in this country to facilitate
trade, the odoption of the metric sys-
tenn, more ships. a Pan-American rail
way the extensions of American banks
in Latin-America with a reciprocal ex-
tension of Latin-American. banks in
this country. the permission of South
Americans and Central Americans to
practice law in this country, and no
dumping OF United States goods in
Latin-America.
"e of America earnestly de-
sire to increase our purchases in this
country he said, "but we want the
same consideration and care from your
merchants that they give domestic
+. and European customers"
John Bassett Moore, president of the
Pan-American Society Of the United
States, who WAS toaStmaster, spoke of
the closer commercial, political and So
cal bonds that have arisen between the
United States and Latin America as a
result Of the two Pan-Am merican finan-
eial congresses. In uniting in a com
mon cause, he said the republics of the
Western Hemisphere had no antagon-
lsm for any other quarter Of the globe
The Americas, he said, mean the land
Of the future.
Would Develop Spiritually
plea for the cooperative spiritual
and Intellectual development of Latin
America and the United States was
made by DR.. Jacob Gould Schurman
president OF Cornell University. He
attacked revolutionary socialism anC
bolshevism, and urged the republics OF
America TO stand shoulder to shoulder
in fighting them.
He referred a league of nations ir
some form as essential to the security
Of the world in the future. He ASSERTED
that he believed reservations to the
much-discussed Article X Of the league
the United States be kept free Of in
sernational embroglos "unless they
menace the interests of this country ol
Violate the laws of nations and the die
tates o. right and humanity"
Dr.. L. S. Rowe, one of the prime
movers in the Pan American Financia
congresses, delivered the valedictory
Seated at the guest table we're the
neads Of the financial missions of the
iatin-Am erican countries to the Con
gress as we'll as American busines!
men and bankers. These included:
Ricardo Aldao, Jose Agustin Arrange
husebio Ayala, James Brown, John
Barrett, Ignacio Bonillas, Enrique
nordenave, Adolpho Cardenas, d. C
De ,Oliveira Sampaio, Carlos NJ de Ces-
pedes, Rafael H. Ealizalde, NJ. Eche.
y,erria y v.daurre. Fernando C. Fuchs
~ Fleury Fec1iere. 2. A. s. Franklin
~. Grace. J.. Pomponio Guzman, Lui;
Toledo Herrartc. Luis Izquierdo
vicente Lecuna. John aBssett Moore
Ssvero Mallet-Prevost, Arthur NJ. Mayo
w. &. McAdoo, Lewis E. Pierson, l.. S
howe, R. A. c. Smith, Enrique Mar
einez Sobral, James Speyer, Alber-
strauss, Jose f. Suav, Jacob II. SchiT
Jacob Gould schurman, Jose Lui.
Ieada, Frank A. VanderliD, Atnonic
Lopez Villa and Manuel Zavala.