New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-14
VAST ARGENTINE CONTRACT.
TO SPEND s5o,ooo,ooo OF ENGLISH MONEY.


GREAT HARBOR AND A RAILROAD SYSTEM
GTRoN An oCc AsIoN, CoRRrsPo SDENT OF TIE TRIBUNE.
WASHINGTON Nov. 13.-Senor Don Nncentc
Qucsada the Minister from the Argentine Republic.
has Just received some information from his Govern
Inant the inheritance of which will be realized by
American exporters aud particularly the manufacturers
OF locomotives. rolling stock and other railway supplies
Several ycaTs ago the Argentine Government began
the construction OF vast stem OF internal improve
mens embracing railway lines the various parts Of
the Republic. running like the sp"kcs OF wheel from
AyrcS the hub, into tho Interior and intended to
only the iuercr provinces but the surround
ing Matt ns, Brazil, Chill. Paraguay, and Bolivia. In
addition to the railway system the hnrhor of that city
was he improved to make it more convenient for
vessels to receive and discharge cargo What Is now
termed the harbOr of Buenos Ayrcs harbOr at all,
tut only open roadstead the Rio de la Plata In
which vesSca compelled to anchor eight nine miles
and receive and discharge their cargoes by OF
launches aud lighters and carts
In order TO obvate this difficulty it has long been con-
templated to construct artificial harbOr by extending
two long ers from the shore into the river several miles
and eIcavang BASH between them 40 that the largest
vessel Tie up at the docks. The estimated
cost Of this enterprise is million dollars The City of
MOntcvideO, Uruguay, across the River Platte from
Buenos Ayrcs has suffered from similar inconvenience
and has recently made q concession running ninety
years to a French company construct harbor which
will cost not less than SiOO0.OO0, the company
10 take payments in fees goods shipped
and landed Stimulated by the enterprise OF
her rival acrots the river, the Argentine Re-
public mas undertaken the construction ola similar
barber Bu the railway enterprises Of the Government
have been such drain upon the Argentine Treasury as
to serious financial emit arrassment, Treasury
notes were Issued but Immediately fell to discount OF
20 per cent and feared that the credit OF the Gov
crnment abroad would DO impaired The Argentines
have always very proud OF the financial standing Of
hna, bafn
par but selling at prcmnm Of and per cent In
the London market the only South American securities
that stand well. Tho Government has also feared
that attempt TO place another loan OF the amount
necessary would impair the value OF is outstanding
securities and considerably perplele by the prob
lem it was required to solve.
happy solution has anally been reached. Senior
Quesads has received official information that the GOV
eminent has made = contract with Lucils Gonzales,
Secretary OF the Interior, and once secretary "t
state to complete all the railways now In progress, and
construct such hsrLOr a. has bean proposed The
terms of the contract exceedingly favorable. and Illus
the public confidence, at home and abroad III the
success Of enterprise and the future prosperity oi the
h pubic, Scnor Gonzales, VINO represent" syndicate
Of English capitalists agrees &c complete the consrc
tiou OF all improvements In progress, at their
original estimated COST OF 100000 OF which
SlO.OOC."1O to he expended the harbor The
Government to Issue per cent fifty year bonds
to the amount OF Sj9OO0OJO which are TO he deposited
in London in trust for the syndicac Gonzales rel
sents. until the completion Of the entire system OF
improvements the time being limited {, five ycIrt A.
the end col This period Gonzales agrees lrn over 20
the Government the harbor and The railroads. fuy
rlced and equipped and then ID the Inspection shalt
sl.w that the tCr-lS Of The contract have beet cuupt
WITH the bonds - be han led over log he trustees e.
the contractor Interest Is ID hC PAD, however on %"
rIl. amount from tho luj, o; the beginning OF the
work at the O: pev cent but IL 20 De withheld by
the trustees n forfeit anti Inspection shall show that
the amount ha- Ell ultimately eKl ended 10y The
tractors In other words, Gpnc, I, not 10 receive hi,
semi annual interest," amounting to 7l7jb )Op nnt' Il
that he has expended an equal amount In con
and IN Of any failure to continue the worA
interest 20 be considered fall Compensation for the
work performed
In al Iton to tie construction Of - Aalh"r. tie
lean Railway. which to connect Bueuo Ayrrs with
SANTIAGO emil TO he completed at an st! mated cost
Of S2393,ooo for constructions rlOpoOO1 for rolling
stock. SGOO0DD for shops ana machinery 9lVouoV Tor
Si33UO3 The Central l'aiIrold Is l" % cometeI 10
the coal ui"es ~ tho southern part OF CL ~ cost 81
SG3Jj,GOD with S-.UoOOiO FOR rolling stock, aud !
Sl,uup.GUU for shops total F'3o'opo Inc N"fthcfh !
Road j. to e extended 10 the Be boundary az cost
$1,000 BOO Branches OF this line are TO be- extended
IRON Churubica l. Caianarch, costing Sl-35oOI apd
aggregate cNlc'liture for the Bolivian me Is /
Sl5,?93GG0. Another line l. 10 he constructed FROM
rnatue with the atLyr, coating S-'ooooo.
~ ia g5I 900 and various Other -iiu works al 400
81 $i3OoO.Ooo.
When these works are completed Bueno. Ayres Will I
have two lines Of transportation the Pacific Ocean AMI
tne to Bolivia which Will make that port the cntrcp't
and shipping point Of much Of the commerce nat DO"
goes from Peru. ClI aud Bolivia on steamships through
the Strata OF Magellan ard the mcrch mt AMI producer,
of the Pacific coast wac are now ia t.r sam" situation
regarding the European market That California and /.
stood in before the completion OF oar ran-con-
tncnia lines VIII nave an opportunity 10 mi ~ IHhl %,
well sea. the Transportation distance being sh"ft'r1
from 1000 TO Gooo mlcs AMI the time u COMMUNICATION
shortened from Hiicen 10 twenty dny- The coal mng'
Of southern Clih. where the Only sioaminE IH"I 10 bh
had IN south America - f"uhd VIII 'n p"!tA' WIN" .
three days OF liurnos Ayrc- ana Tie Argentine "i'e
Will longer be compelled 10 import coal from Lnr""
The producers OF Bolivia, who lost their -capo l. Dunn
the recent war with mn ana are h9% Ir1rr'l 'u' OF
from the nIrEci- uf the world Viii have q means OF T
of that country will be stimulated 10 an enormous /
degree Bolivia j. full Of metal, and has vast range. Tor
%ortkir. because Of the imp s,6iiiiy Of getting
machinery into c,untry all Of ne Interior tru-p,ria
means q" cont,uc on for the andes and the Pacific
ports with the Atlantic, these road, viii make the +
interior OF the Argentine Republic acc"-0ir, ana iIdl
country will have llc railroad system Kansas Or
Texas Tue agricultural lands OF the Republic "r" /
mostly In the northern provinces which are now .
beyond &c reach OF markc'- Aud the opening of these
regions will bring ~ an enormous immigration from tao
Old World. while The expenditure o -uch vast ,nn o.
money Will tempt lah"rluF men ami mechanic g." the
Argentine RCpuJlc.
States cannot be ovcrrotlmatcd. Ihcy Will not only .
necc.sitate the expenditure OF many millions al dollars
the work OF construction mus te Ied ana c4Hcu WIN
port Cd merchandise Tho Development Of the conn -
OF nearly $50 900 foreign money within live years
will give the country such a boom a. IT has never
1t may bc expected that large arl Of II viii be q
pended in that co ntry but the merchants and mnnua
urers OF tho United states can underbm those If |
Euglqnd nearly every article that Will be- re- nirrd
except steel rails and ihcy adopt roper mean Ley
Will he able their exports To lie Argentine
Republic to arse amount. and get fair share of tho
permanent commerce which This enterprise viii develop
ATTEMPTED SUICIDE or Az ANGRY ann.
Enl t,rIt az Va