The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1890-12-20
LESSOS OF The ARGENTINE.
A Marion Wrecked BIZ the Farmers
Alliance FInancleFIng.
WARNING 10 tbs PEOPLE OF THE
UNITED STATES.
Especial to Commerelal-Ga1ette,l

lesson toward the doctrines of tb
Farmers Alliance. The Nations
orange at its Atlanta session declare,
ln favor of the Government loanin,
money TO individuals on lands or othe
goods securities.
The Argentine Republic has beer
doing exactly this thing for its farmer
and other citizens, and having sowi
the wind is reaping the whirlwind. Ii
misfortunes should fix the attention o
every thoughtful voter in our land
The points Of the lesson stand out a
bright as the sun in the heavens. Tn,
finances Of great, rich and rapidl,
growing nation have been almost hope
lessly Involved, International disorder
have taken the place Of peace. Thi
national securities are dishonored. anc
through the Barings, whose calamity
resulted from free investments in thesC
bonds, the financial world was shaker
In all its centers, and except for extra
ordinary and unprecedented assistance
universal panic and widespread dis,
astcr would have followed, both fol
Europe and America.
In view of the foothold which the
very policy that has so nearly ruined
the Argentine Republic has gained in
the United States, the study of the
problems which The Farmers Alliance
is forcing upon this country becomes a
matter of startling National concern
IL is the duty of every patriot to give
the subject prompt aud close consider
alton.
This South American Republic is in
many respects counterpart of our
own. The climate, soil and produc-
tions of the two countries are precisely
similar. They extend through almost
exactly the same degrees of latitude.
The broad aud rich prairies of the one
resemble the pampas Of the other.
Cotton, rice aud sugar, with tropical
fruits, grown In one extreme of each,
aud all the productions of the tenn
perate zones IN the other.
The area of the Argentine Republic
is nearly half as great as that of the
United States, and its resources like
our own, are limitless. 1t has an en-
ergctic population; and, until its re.
cent reyerses, It's development has been
phenomenal. 1t was on the high road
to National prosperity almost with
out precedent. Internal trade was in
creasing; exports were growing. The
attention of Europe was turned to the
new Republic. immigration was
pouring in; steamship communication
was multiplying. Railroads or river
lines of communication were penetrat-
ing every part of the land. The nation
was striding with giant swing along
the paths of prosperity.
While our maps and histories of two
decades ago were all sufficient to give
such knowledge as was needed of
South America, they are as far from
representing the present as u Cones
toga wagon would be to Illustrate our
methods of modern travel. The Ar
gentine Republic has been growing so
rapidly of recent years thst 1t had
finally outstrlpped our own boasted
land In several important elements OF
National development. In view Of the
startling fact that it has suddenly fallen
almost into financial wreck through
the baneful effects of Farmers Alliance
doctrines, which have been put in
practice in its National affairs, 1t be-
comes matter not only of interest but
of the utmost importance for our citi-
zcns, and especially our farmers and
laboring men to study this South
American situation.
A few facts, taken mainly from the
recent work of Mr.. w. L. Curtis on
the "Capiials of South America" will
show the condition of this Nation
which Farmers Alliance policy has
SO seriously crippled.
The increase of population in the
Argentine Republic during the past
twenty-five years has been 154 per
cent, while in the same time in the
United States it has been only 70 per
cent. Twonty-three lines of steam
sbips connect that Republic with Eu-
rope. and from forty to sixty vessels
are sailing back aud forth each month.
The imports of manufactured mer-
chaudise are nearly Sl00,000,0O0 a
year. The pampas already produce
fruit enough for domestic use aud
Q 100000 bushels besides for export.
There are more sheep In Its pastures
than are owned by any country in the
world. and the wool export is, IN
round numbers, 200,000,000 pounds.
The cattle trade with Europe is al
ready immense, and beef and mutton
are sent TO England IN the refrigerator
ships al prices which VIC can not com
pete with There are banks In the
Republc with greater capital than any
m the United States. For example,
The Provincial Bank has capital OF
1913. .OOO 900 and $67,00O,00O of deposits.
II does more business than any OF our
banks aud more than the lmperlel
Rank of Germany, being exceeded by
only two banks in the world. Inc
National Bank has n capital OF S4o,-
ono 600 another has $8,O00,O00, anoth-
or s7.OOO.OOO, and several S5,OOO,oVo
each. Comparing the banking capital
and the deposits of the Republic WIN
those of the United States, we find
that they amount to $64 per capita
there. against $40 per capita here
There are more daily papers in buenos
Avres than in New York or London.
The two Argentine universities, under
tbe patronage of the Government, are
among the best in America, and rank
with Yale or Harvard in their course
of study and standard OF education.
The public school system is under the
patronage of the Government. Iherc
Is n compulsory education law, which
includes all grades from the kinoer-
oartens to the normal school. :,
The growth of the country IS wen wen
shown by its postal statistics. In 1900
Tho nostoflice of Buenoes Ayres ban
dled one million pieces, in 1875 seven
million pieces. in 1885 twenty million
packages. aud during the first SIX
mantbs or 1887, sixteen million pieces.
Its vast natural resources are similar
to our own, aud have been deveiopco.
rapidly. II has magnificent riyer
system corresponding to that of ~, .hc
Mississippi, an extensive country llhe
t.ai xVoef and almost bound