Evening star. [volume] (Washington, D.C.) 1854-1972, 1920-01-21
WORK REMEDYF0R
PRESENT CONDITION
SAYS MR. M'AD00
Addresses Pan-American
Meeting, as Does John
Bassett Moore.

American republics with com O1ned
population of 200 0o0. 900 today con-
tinued their consideration of trade
and finance questions. the only addi-
tiona1 event of the day in connection
| with the second pan-American finan-
cial conference being a reception to
the members of the conference by the
Secretary of State at the Pan-Ameri-
can building this evening.
William G. McAdoo. who as Secre-
tary of the Treasury presided at the
first conference in 1915. was in charge
of a general meeting of the confer
ence last night and made the princi-
pal address, the topic under discus
sion being Commerce and Finance:
International Cooperation" John
Bassett Moore, president of the CEN
trail executive council of the fnterna-
tional high commission, followed Mr..
McAdoo as speaker, discussing in de-
tail the work of the commission.
Foreign delegates who took part in
the discussion included DR.. Domingo
E. Salaberry. minister of finance in
Argentina, and Juan Navarro Diaz of
Panama.
Announcement was made at last
nights meeting that the nineteen
group committees, composed Of Latin
American delegates and leading bust
ness men and bankers of the United
States. would continue as permanent
organizations, and that Secretary
Glass hoped the members would not
regard their work as completed when
the conference adjourns.
Sees Outlook rs Promising.
Reviewing briefly the stirring events
since he met with the first conference
five years ago. Mr.. McAdoo said that
the future, either of the Americas or
Europe. was not as dark as some were
inclined to view it, but that instead
it was full of promise.
Continuing. Mr.. McAdoo said:
The sovereign remedy for the pres
ent day condition is the gospel Of
! work, practiced every day and prac-
ticed to the limit, SO that production
may again be put on an even keel.
During the past five years the Latin
States have of necessity been drawn
more closely together. We know each
other better than we ever did before,
because we have had more to do with
each other than we ever had before.
Our export trade to Latin America has
$500. 100000 in 1919. and our imports
from Latin America have increased
from 1851. 100000 in 1915 to 5000
900 in 1919. This remarkable growth
has resulted in considerable measure
from the dis1ocation of Latin Ameri-
can European commerce, but 1t has
resulted to a large extent also from
i the practical work of the first pan
American financial conference and
! the international high commission.
which was created by that conference
| to carry out the program of the con-
ference.
The financing of some of your pub
! lie improvements has been aided by
our bankers, notwithstanding grave
| times when Europe was drawing
! heavily on the credit resources of the
United States. The bonds of several
| American governments and several
/ cities have been placed in the United
| States investment market, and some
i of your private enterprises have OBJ
/ tanned funds in our market, where
| Europe could not respond.
The marvellous prosperity the
Americans have enjoyed has given us
great capacity for service to the
world. Europe. ravaged by war. hum
cry and destitute, but strong in re-
| Operative power, deserves our con-
! sideration. We must ship her ra"
materials in which the western hem.
, isphere abounds, and we must extend
| her credits upon SOUND economic
and rational basis. We. the Am erlcah
bility and should be co-operators In
a great enterprise.
/ Address by Mr. Moore.
! Mr.. Moore, in describing the work
| of the international high commits
! sion, which is the permanent organl-
Zation of the pan-American interests,
! referred particularly to revised ship
ping regulations and the progress
made by the adoption of uniform
statistical classification of merchan-
disc.
! EVERY effort has been made to ad-
| vance uniform Legislation in regard
> to bills of exchange. checks. blils or
! lading and warehouse receipts, added
| Mr. Moore. I'VE seem to be rapidly
| approaching the time when, so Tar as
| concerns bills of exchange. there will,
| in effect, be only two systems In use
| in the western hemisphere. based, re
| spectively on TIL Hague rules OF 1912
and the United states negotiable in
struments act 1916.
1.-The commits on has also been glad
| to observe a growing interest in the
! adoption of uniform legislation on the
| subject of warehouse receipts. as well
! as on that of conditional sales"
Mr.. Moore suggested that countries
! of the southern group which had rat
! flied treaty for the International pro-
| lection of trade marks be permitted
| to register trade marks at the inter
| national bureau in Havana pending
| the establishment of a bureau at Rio
| Janeiro, which awaits ratification OF
| the treaty by sufficient number OF
| countries of the southern group.
| Seen az World Model
DR.. Salaberry Of the Argentina dele
cation declared that the world at
large was modelling its conduct upon
i the same ideals that had led to the
] pan-American movement Remarking