The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1889-10-01
the THREE AMERICAS.
A Change In the Programme of the
Portland Visit.
A Sketch Of tho Finance Department
Of the Argentine Provinces.

Ii many more changes are made in the
itinerary of the delegatesto the Congress of
the Three Americas, Portlandiwll probably
see about as much of them as she did of
President Harrison. At first the delegates
were TO arrive at 10 a. m. October Sth, and
remain here until II p. m. That was very
good arrangement II would have given
ample time for the delegates to see the city,
to take a sail in the harbor, partake of a
genuine New England clam-bake at Under
WOOD Springs, and meet our leading citizens
at the banquet in the evening.
Then the programme was changed SO that
the delegates were to arrive at p. m. That
necessitated giving up the clam bake, and
arrangements were made for sail, drive
and banquet.
Yesterday the Mayor received information
of still another change in the programme.
The delegates palatial Pullman train will
not leave Manchester. N. H., until IL o'clock
noon. and will not arrive at Portland until
p. m. On that day the sun sets at sos p. M.
That win leave an hour of daylight. That
hour will probably be employed in driving
about town, and then, the sail will be taken,
If desired. The banquet will be the real
feature of the visit provided there is not an
other cut short before the 8th Of October.
To add to the pleasure (?) of the committee
the delegates train instead of running into
the new Union Station will stop at the
Rochester station-the train running over
that road-at the foot of Preble street.
Speaking of the resources of the Argentine
provinces an exchange says:
1t is the fact that while the exports from
the River Plate mainly consist of grain, meat.
wool, hides, which so to England, France
and Belgium they are for the account of Ger
foreign merchants In the Argentine prov
inces. The last loans to the Argentine
government have been made through Paris,
Berlin and Amsterdam, and have been used
in building railways in the interior to open
up the country to Italian, French and Ger
man immigrants Of whom quarter of mil
lion have emigrated to that country in three
years. The government assists these people
after they arrive by an arrangement by
which their homestead title deeds, can be
deposited with the Banco Hipotecario Della
Capital, a bank which advances 40 to 60 per
cent: Of the nominal value of the property
until the deeds are redeemed. To provide
funds for these advances the bank issues
several series of bank notes that bear differ
ent rates of interest and are much sought
London and Berlin exchanges. The value
of these bank notes or Cedulas, as they are
called, fuctuates with the price of gold.
These notes have fallen greatly in value of
late, Buenos Ayres series falling from $S5
to $40 30, while gold has risen to premium
of Sc perlcent. and not fallen below So per
cent. The government is trying to guide
this important feature, but with every Sec
ti0n OF trade inflated and the development of
the country moving more rapidly than can
be readily controlled the cautious ones are
advising their friends to stand off awhile
ated before lending further, or bankruptcy
will follow and the pawn tickets" as the
Cedulas are nicknamed, will not be redeem
ed for the values paid for them.