Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-18


Which is, of course, quite q different
thing from that which Cubans and
Mexicans, and perhaps Argenttnes, may
have expected.
OF all the resolutions adopted by It's
Pan-American Commercial Conference,
the last one, that relating to co-opera-
ton between chambers of commerce,
seems to me the most far-reaching and
important. Because it embraces all the
Others and provides for the constitution
of a permanent and technical organ1Za-
ton, deprived Of any official character.
which shall endeavor to solve precnA1l
tie same problems that the conferences
itself had to Zeal with.
The plan was made up out Of Three
different projects submitted by the
delegations OF Bolivia, Mexico and the
United States. The conflicting points
in these projects were ironed out and q
final proposal submitted to the confer
ence which gave it its unanimous ap-
proval.
For Private Organization.
The text of the resolution suffices to
explain the importance of this step,
which might be the only one to have an
immediate practical effect. 1t calls for
1.-The immediate creation of a private or
ganiZation representing the economic
interests of all the American countries"
Then 1t recommends to the chambers
Of commerce and analogous associations
existing in each country that, as first
step in that direction, they constitute a
central body for the coordination Of
their national activity. Furthermore, it
indicates that the national institutions
already in existence, and those Of a 10
cal character which are situated in the
capital cities of those countries which
do not yet have central institutions. or
game Professionally In the City Of New
York the 1nter-American Federation OF
Commercial Associations.
AS an urgent step to put this propo-
sitton to work the conference recon-
mends the appointment of an Organ
tzing Committee, composed Of the dele
gates chosen by the national organi-
cations or, where these do not exist, by
the chambers Of commerce Of the sew
eral American countries already exist
ing In New York. and by Chamber
of Commerce of the United States.
Finally, the resolution provides that
the proposed Federation proceed to
make, with the cooperation of the
commercial organizations of America,
study Of the possibility of establishing
upon a permanent basis the inter-
American and international cooper
alton of mercantile interests, and that
the federation present definite report
on the matter during the course of the
year 1882 to the institutions which have
shown themselves willing to join it.
II these provisions are carried out
entirely, the non-ofhcial, strictly COM
mercial orga niZation thus created will
stand as the best evidence that the
Fourth Pan-An1erican Commercial Con-
ference was not called in vain.
Committee on Bonds.
One proposition, which could have
had an equally significant and inlne-
date effect, was, unfortunately, not
| passed upon. Probably because all
! financial matters, and particularly
/ those referring to government debts,
were more or less side-stepped, for the
same reasons mentioned in reference to
the discussion Of tariffs.
This was the project submitted by
the delegates Of the Chamber Of Com
merce of Costa Rica, DR.. Healy and
Senior Gonzales, for the establishment
| in the United States of a Committee
on Latin American Government Bonds
It is regrettable that the conference
| had not reached any conclusions on
this subject, which is paramount one
at the present moment.
The projected committee had as its
purposes: To improve the market for
bonds of Latin American governments;
to disseminate correct information as
to these bonds and the real security
back Of them: to restore the confidence
that these bonds merit: to take the
proper steps to protect these bonds in
the interests of the private investor, the
governments concerned and the pan
American nations as a whole.
The resolution on currency stabiliza-
ton bears particular importance at
this time, because Of the growing
movement for silver rehabilitation in
the world. The resolution provides
that all the governments members OF
the Pan-American Union consider the
desirability of submitting to a world
conference the possibility of rehabili-
tating silver and the best means to
carry this into effect. Furthermore. It
recommends to the American countries
to adopt monetary standard which
will assure to the circulating medium
the stability necessary to guarantee the
normally Of commercial operations in
harmony with their metallic deposits,
the necessary f1exibility in the circu-
lating medium and the index OF the
cost of living. The delegations OF Brazil
and the United States abstained from
voting on this point.
Other Resolutions.
In other resolutions the conference
pronounced itself for the wider use Of
commercial arbitration in matters OF
international trade among the American
republics; for the adoption and enact
ment of uniform legislation on bills OF
exchange, checks and other commercial
paper in the continent; for the stand
ardization of commercial terms: for
the simplification and uniformity OF
consular procedure and port formalitieS;
for the greater and organized protec-
ton of trade marks; for the formula
ton of an inter-American commercial
code, and for a closer cooperation
among central banks in the Western
Hemisphere.
In the matter of communications. the
basic factor in inter American trade,
the conference approved series of
resolutions. One of them urges the
early establishment Of maritime services
connecting all the countries of America
Another calls for a prompt carrying out
ofsthe vast projects of an Inter-Aneri-
can Central Highway and a Pan
American Railway, which have been two
of the goal-ideals of pan-Americanism
for a number Of years. Another one
recommends the adoption by the
American republics of series of facili-
ties for commercial aviation which
would be too long to enumerate here
And, last, but not least, another resolu.
ton urges more rapid and economic
wireless and radio communications in
the continent.
The creation Of an official Pan-Amer-
lean Travel Bureau in New York City
for the development of tourist travel
between the Americas; the acknowledge
ment as fundamental principles that
sanitary police regulations must not
have in their practical application the
character of protective customs mess
ures (this, incidentally, was the oily
rap that the Latins took at Uncle SarHj:
the convenience OF calling a conference
| for the study of overproduction of raw
materials. which seems to be the main
Trouble with the world, and the desir-