Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-05


sary fencing. The area under cultivation is
more than 5000, 900 acres, of which more
than 2, ,0o0, 600 acres are under wheat.
"As result of this brief review 1t Will
naturally be understood that the Argentine
Republic is intrinsically rich and we'll able
to pay its way, although hampered Tor the
time by too large an expenditure on public
works. What is required for few years Is
economy in expenditure and reduced out
lay upon the public works. This the Argen-
tine Government has felt and considerable
reductions in the expenditure have been
made for this yeur.
KEEPING DOWN INDEBTEDNESS.
''All further undertakings with Govern
ment concessions are suspended. The issue
banks will not be allowed to increase their
amounts Of notes, and the existing issues are
to be reduced. The Provincial Government
of Buenos Ayres is ordered to suspend the
issue OF bonds, and all the provinces are or
dered to make no further issues of credit
paper and to abstain from creating any ex-
ternal loans These reforms are obviously
saIutary.
with this extravagsnce President Gel
man, who at the time of his election four
years ago was poor man, and has now SlV,-
600, 900, surrounded himself with favorites,
who peculated continually from the treas
ury. President Celman himself is not
above transactions OF this kind. The pres
ent reported riots in the Argentine are con-
fined to the city of Buenos Ayres. and have
been caused by this criminal extravagance
and stealings of President Celman and his
favorites in the Government Six weeks
ago 1t was hoped that Celman would retire
for i'm
virtual Punishment. Geld was then rated
at 240, and it was said if Celman retired
from the Presidency gold would drop to $50.
In May there was general mass meeting
of the people to protest against Celman's ad-
ministration. Gold was then at 315, and 4S
hours after the meeting was held it fell 90
points. Six months ago the Union Civicl
was formed, party which had the sympa-
thy of the people, but it was suppressed.
OPPOSED TO cELMAN.
''These signs Of discomfort and recent riot.
Gus troubles are not against the form OF
government in the Argentine, but against
Celman and his bad advisers. People have
confidence in the form of government, but
the only solution out of the present financisl
difficulty is either the abdication of Celman
or his assassination, which will surely fol-
low ii he persists in remaining at the head
of affairs. In either case the Presidency
will fall to the present Vice President, DR..
Pelligrini, who has the entire confidence of
the country.
''On the west coast Chill, Peru, Bolivia
and Ecuador are stable enough except that
their financial difficulties are not as yet
quite satisfactorily arranged.
General j. m. Caamanio, who has re-
Gently been appointed Governor of the
Guayaquil district of Ecuador, was promi-
nent Pan-Americap delegate, and it is GER
tain that under his guidance the country
cannot retrograde. The Northern republics
of Colombia and Venezuela are quiet. prog
ressing and devoting all their energies to
the development OF their mines and the
building of railroads. The present diff
Guilty between San Salvador and Guatemala
has had more apparent Importance attached
to it than it is worth. Peace is q necessity
for them also to promote progress and move
in line with their Southern neighbors.
''Of all the Southern countries, Mexico is
the most stable. The Government is ably
by President Diaz, assisted by
Secretary of Treasury Dublan. The prog
ress that has been made in mining develop
ments and the building of railroads is i'm
mense. The Mexican Minister at WASH
lngton, Matthies Romero, is one of the best
known of foreign ministers at our capital,
and has always directed his efforts in the
direction of fostering friendly relations be-
tween his country and the United States.
ITALY REACHING OUT.
"Another thing which 1 believe that the.
United States should look to, is the inten-
ton of Italy to launch a commercial exhibi-
ton between that country and several of the
South American Republics, which it is pro-
posed TO hold in Genoa in 1892. Three
special committees have already been
ormed for this purpose with the Republics
If Brazil, Uruguay and the Argentine Re
public. If this project should be carried
ut, it would detract in a great measure
rom the success of our own Worlds Fair
n 1898. The exhibits, both of the European
Ind South American countries, to our
Worlds Fair would be necessarily smaller
IN number. Besides this intended exhibi-
ion at Genoa, there will also be Worlds
Exposition in Rome.
SIT would be very advisable, I think, that
The managers of our Worlds Fair should
not neglect this matter, as it is field of
greater Interest to US at present than any
,ther, and as full exhibition of the pro-
ducts of those countries, would be necessary
ior right future growth of trade between
hem and the United States"