New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-04-07

waiting; there is an abundant rainfall for agri-
culture; the land is rich and does not require
fertilization: and the political and social condi-
tons favorable for the rapid settlement oil the
country. Large crops of grain are easily rdIs'u
and sold at good prices, the railways Offering ex-
ceent facilities for transportation TO the COAST
The Argentine is field for immigration the az
vantages OF which are not 10 ne nghty uhuci-
rated. The great mass Of the Europeans WHO
have been drawn into agricultural holdings here
either in the colonies or in separate FARMS are
more prosperous than they could ever nave Dech
in Italy, Snan South Germany, Inns may oe
frankly conceded But when Amer en-, after
looking at the farm-hOIses and colonies, is ASKED
to admit that these immigrants are pc''er on
than similar classes Of foreigners who nave SET
tied in the United States, especially IN me WEI.
crn agricultural belts. he can only smile lhcrcou
lousy and politely decline 10 continue 'nc "s"
mcnt.
several Americans in the Argentine have asked
me to emphasize the fact that, while this country
is good field for European Immigrants, IL oHcrs
no real inducements to Americans VINO are ,I moo
wholly contcntcd with their lot AT nome my
Government here Systematically promotes lmihi-
grafton, but il does not GIVE away lahd 10 hcw
corners. This is an illusion which ought 10 DE
dispclled since companics of Americans have come
to the Argentine under the impression that they
were To have cverything-land, stock, horses ana
farm impcmcns-for the aSkln@ ihc se',lci
ordinarily PAYS sometime Tor ms holuine anu
runs heavily into debt for equipment, ana MS
farm too often is too small Tor the requirements
of working income. There are thousands OF
immigrants here who are ONcrW'lGnl'n WIN Ili.'h-
cial obligations They expected that everything
would he done for them. They have been Drawn
into the meshcs of land speculatlons. ana Will
probably leave debts for their ch1uIeh l" pay
Of. Consul Baker. when was IN bucnos aNIes;
related several instances of lmpoNcrlShmch! ana
distress which had come under ms noticc. amer
leans, who had heard Of splendid opportunities i.l
making fortunes in the Argentine had come south
without hcing able to speak Spanish. han eA,
hausted their savings in few weeks ana ,.
become dependent upon thc chaIi'N vi "i,""
l.ol. < nn
misfortuncs As a warning to dissatisfied Amerl-
can farmers turning their eyes IN TINS direction, /
can cite the recent eNpcrcnct Oh NAM
privations have finally settled on some wlid,
uncultivated southern lands. These settlers eN-
peced 10 have farms presented 70 e mem s'a oro
for inaccessible. wild lands. have Impoverished
themselves and have run heavily into debt for
food supplies and farm lmp"n,eh 1,rro me Ar
While one cannot fail TO admire the magnllccnt
enterprise of the Argentine Natioh III ucNrlop,is
the resources Of an unoccuplcd uoihaln' ~ on'
establishment Of colonies and the systematic en-
conragemcnt Of immigration il is necessary 70
qualify praise with condemnation OF the spccui"-
tive spirit in which these processes are now con-
Quoted The Government does not auop, 'hc
American system of dividing the public land into
tracts and selling the smallest SUBDIVISION OF
section at fixed price per acre II Sils i"n,
AZ auction by the square league. or by DOCKS "i
several hundreds of leagues It's Transactions are
with capitalists and SPECTATORS lncN V ,r,
enormous concessions Of land at low rates lheie
is now a standing offer from the governments 10
disnose of "a 600 square leagues in the territories
at 81 % per acre in gold, 10 bc coionlIcd ny 81
tiers of at least three natonalites Inc poor I'M
migrant will not be aided in purchasing his iarin
i'm those wild lands. The GoNcrnn ut conhhcs
rs transactions to Argentine spectators ana lot
cicn capitalists, who Will be lctt 10 deai WIN
the immigrants and 70 induce 'hcih !" pn',"'SSr
n hiTh rates on credit The system by which land
holders are enabled TO have their estates appraiser
and then TO obtain ccdulaS IRON ihc no''-&-c
banks for onc-hali The vail",ion Lar "s
not aided immigrants hut on the contrary mas
enhanced the prices OF land and simulated all
kinds of wildcat speculation; lhc ISSUES oil TWO
Of the leading mortgage banks already amount 10
S5l4 600 600 in cclIas and there are various
provincial banks engaged IN the Strc process OF
imitation The tendency of al Government lcEiS-
lation al present is distinciVcly speculative. Inc
methods of selling public land ana the oFcf-lsSuc
Of morf,acc bonds are artfciaily enhancing prices
and rendering il more difficult for newcomers to
settle in lie country without hopelesaly en-
For hos who came from Europe ten or fifteen
years aso tie situation seems 10 have compcnsa-
lions The same causes which have inflated prices
am stimulated speculation nave operated 10
double or even 10 quadrnplc. the value OF 'ne'i
small holdings Their produce every bushel Oh
wheat and every pound of wool. never worm less
than It's true value in gold. is paid for al lniatioh
rates and they are cOnteDied with their hctl''iS
receipts even if the cost Of living De TuLnonSi
high They will probably be bitterly disappointed
wlcr in tie Inevitable evolution oi wlsr hnoncc
the currency of the country rs racei The issue
Of cedulas suspended. and an equilibrium between
gold and general business re-r~tahlIShcd. Win Il
general shrlnkagc Of prices. When The conditions
Of sound finance arc restored. as ! believe they
will be i'm the course Of three years. the Argentine
will be a better field FOR immigration than II II
now in an era 0i high prices and excessive specul1
ton. The old settlers Will then earn mat mu'h
Of their Wanted progress has boon hciitious
The new settlers VIII pay less for their land than
they do now. and make a fresh start in the new
world without running heavily into den, =