Show 1 GREAT i FUTURE mm FOR I I I A AMERICA M ERICA R RC C A is I S PREDICTED PREDICTED- I Conference Forecasts Industrial Industrial Industrial In In- Union of Western West West- em ern n Nations WASHINGTON May 2 27 27 The The teat test of the 1 good that the present pan pan- American financial conference has done will not come como for a year car according according according ac ac- ac- ac cording to John darrett director general of or the Pan American union I one of or the speakers today at a general general gen gem eral session of or the tle conference If IC said Barrett there Is a allver silver all sil ver lining to the tho war cloud it is the development of or pan pan American American soil darll darity No great reat historical event since the declaration of or the Monroe doctrine in 1823 1523 has done more to toa a awaken waken the governments and peo pee pies ples of North and South America to I I Ia a true trio appreciation of their common In interests 8 Joseph n E E. Davies chairman of or tho the federal trade commission in a speech before the conference said The Tho genius of oC Europe Is addressed ad ad dressed to war the spirit of or the Americas Is ds turned toward peace This council of the Americas is fa held to marshal forces of or peace penco into conditions con con- that make for or mutual help v Faith Promised It is suggestive of great promise that tho the expressions from tho the nations na na- na here represented all contain the recognition of the fact fad of the permanency of or our future relationships relationships relation relation- ships and the tho profitableness of them to us all must mufit depend upon the degree dereB de- de greo gree reB not alone of mutual profit but of mutual confidence which we have in the Integrity of or the motive of or tho the others Trade like confidence between between be be- tween men must be bo founded upon good faith between the parties The statement of oC the greatest proponent of peace in the world the tho Continued on Dd Dare e 6 1 GREAT FUTURE FOR I Continued from page pac 1 1 president nt of tho United States made at Mobile Ala a year a ago o bespoke of America In denying the the tho spirit the desire of the tho United Unie States to attain at at- of landof landor land landof conquest a fraction tam tain by continent other than what It of or this I Inow now possessed The splendid service service ser sere spirit and unanimity una una- vice the tho generous nuDity of ot action of or Argentina Brazil and Chile acton In the Mexican mediation conference Chie and the enactment of or peace pence treaties give pledge of o the tho sin sin- and good faith In the common cornmon corn com mon purposes and ends of or the republics republics re re- re publics of this tills hemisphere In their dealings with wib each other other Development Imminent Great Industrial developments are aro Imminent In the the nations 3 of ot this hem hem- They will wi and should be fostered But It Is fortunate that In Inthe inte the republics represented In this conference con te ference there Is Identity of attitude as to tho relation of or government go to industry and to its is citizens Every republic on this continent holds bolds private private vate to be Indefensible and Intolerable and antagonistic to the tle spirit of ot republican conceptions of ot government In the financial developments te arising from International relations there here Is prom promise Io of permanent relations rela through the establishment of dollar dolar exchange Dollar Dolar exchange differs from dollar dolar diplomacy Commercial Com Corn mercial mercal advantage for the benefit benefito benett benetto o of all al not service to the advantage advantage- of ot the few is the te end and purpose of government participation In dollar dol lar exchange |