Last Dispute Settled, Bogota Conference Will End Tomorrow •t Associated Pre;« BOGOTA. Colombia, April 29.— The way is clear for winding up the Pan-American Conference to morrow. The last dispute was settled last night with agreement rm a plan to pay for foreign prop erty expropriated by American gov ernments. in line with a United States proposal. This dispute turned on a clause of an economic treaty bemg drawn up at the Ninth International Con ference of American States. The United States wanted this clause to say that any one of the 21 republics expropriating foreign property should compensate the owners in "prompt, adequate and effective form.” Constitution Held Violated. Mexico said the clause either should be stricken out altogether or should be amended with the addi tional phrase, "in accordance with the constitutions of each country." Mexico held the clause as it stood violated its constitution. But the committee drafting the treaty accepted the United States proposal and adopted the compen sation clause last night without amendment. Fourteen countries voted in favor of this. Five were against It — Mexico. Guatemala, Venezuela. Ecuador and Panama. Two were absent—Paraguay and Costa Rica. The dispute had threatened to hold the Economic Committee in session past tomorrow's final formal plenary meeting. This meeting will be at 4 p.m. at the old home of Simon Bolivar. South American patriot. Speakers will be Colombian Eduardo Zuleta Angel, conference president, and Romulo Betancourt, former President of Venezuela. The next conference is to be in Venezuela in four or five years. Four American Nations Consider Economic Union BOGOTA, Colombia, April 29 ■CDNi.—A union within a union may wall emerge from the rurrent Pan American Conference of Bogota. The foreign ministers of the four neighboring countries of Co lombia, Venezuela. Ecuador and Panama met here this week to plan a joint meeting for May 24 in Quito, capital of Ecuador, to consider the formation of a four-nation eco nomic union. Three of the countries—Colombia, Venezuela and Panama already have gone together on a Granco lombiana merchant fleet and, with Panama, would expand their joint efforts to include all phases of eco nomic endeavor which is mutually advantageous. .fnint Needs Stressed. Eduardo Ztllcta Angel, new Co lombian foreign minister and pres ident of the Pan American Confer ence, says the Quito agenda in cludes projects which all four coun tries ned but none can finance individually. He listed among these the establishment of technological institutes to train men in modern industrial know-how, of a Grand colombiana bank, of a joint reinsur ance institute and possibly of a Grandcolombiana airline comple ment of the merchant fleet. The four-nation conference will consider the joint development of railroads, roads, communications between countries and granting cus toms preferences to bring the pro posed union closer together physi eallv. There Is a possibility, ton, Mr. Zuleta concedes, that eventually, if the union pans out. the four coun tries may standardize their cur rency—making it uniform through out. Efforts to Rr Watched. With economic development the ma jor topic of discussion among the Latin delegates here in Bogota, the effort of the four countries to help themselves will be watched with keen interest. The big drawback to the develop ment of many Latin American countries has been (heir relative smallness. One alone could do little. Now Colombia and its neigh bors propose to do. together, much of what none could do alone. The proposed union contemplates the formation of what would be almost a new. bigger nation in all save a political sense. It is an interesting experiment in self-help, which well could point the way in Latin America to eco nomic strength through union. Jennings Randolph Honored •Jennings Randolph, assistant to the president of Capital Airlines and former member of Congress from West Virginia, has been awarded the Randolph County