The New York herald., 1920-01-28
DISCUSS PROBLEMS
OF PAN-AMERICA
Delegates to Financial Con-
gress Points Out Need for
Changes.
SEEK FOR Z. S. TRADE
Speakers at Waldorf Dinner Explain
Need for Closer Rela
tionship.

Pan-Anericans got down TO brass tacks
at the Waidorf-Astoria Hotel last night
and told one another frankly OF the diff
culaies confronting trade relations be-
tween the two Americas. It was a dinner
attended by nearly five hundred men in
honor Of the delegates Of the Latin Amer
lean republics to the second Pan-Amer-
lean Financial Congress, just closed at
Washington. and was held under the
the United States.
DR.. Ricardo Aldav. of the Argentine
delegation, made pertinent and timely
observation by saying it had taken him
four weeks to come here from Buenos
Ayres, and that he didn't know how he
was to return perhaps of necessity by way
Of Europe. He said Latin America most
needed financial aid from the United
States. but fully realized that the demands
of Europe in that regard should have first
attention.
In speaking of bad American practices
he declared that not long since American
Portland cement was sold in Buenos Ayres
at a loss in order to beat out of the market
the first Portland cement factory estab-
lished in the Argentine, and this factory
established by aid of American finance.
Central and South America wants
American trade" he said, mot alone for
sentimental reasons, but because Of the
convenience Of such trade
William G. McAdoo pleaded for ships to
be operated by the Emergency Fleet Cor
poration that would be ample to supply the
freight and passenger demands between
ports in the United States and Latin
\ A a,d hA hal iaf Ia
the sum total of these operations would
be at a profit. He reminded the Latin
American delegates that the tardiness OF
American investment, in Latin-America
had been due to a large extent to the feel
ing that better securities could be obtained
elsewhere but that this feeling was being
dispelled.
"Why should it be a Republican or a
Democratic problem to sail ships to South
America under the American flag?' he
asked. and called attention to the fact
that several of the delegates had come
here on ships flying the British flag.
John Bassett Moore. president of the
Pan-American Society, presided, and
other addresses were made by DR.. Jacob
Gould Schurman president of Cornell
University, and DR.. l.. s. Rowe, AS
sistant Secretary of State, in charge of
the Latin-American division. DR. Rowe
spoke in Spanish.
| Dr. Schurman pleaded for faith in the
democratic institutions as a preventa-
tive of radicalism. He said the cure
for Bolshevism in Russia is not reaction
but reform
| On their way here from Washington yes
terday he delegates stopped to inspect
the Hog Island ship yard The dinner
last night was the last official assembly
of the conference.
DR.. Domingo Salaberry, head of the Ar
] Izft IT,, Nrac cl,i
ton because of an attack of influenza, and
tho Minister OF Cuba, DR.. Carlos de Ces-
pedes, who was to have spoken at the
dinner, also was reported ILL., The banquet
hall at the Waldorf was decorated with
the flage of the twenty-one American
republics and an orchestra played national
American airs. Women were admitted
to the galleries.