, 1890-08-13
THE ARGENTINE REPUBLIC.
From the Daily Telegraph

dred and twelve, and all enterprise is af.
fected by II widesp cad fear OF further pres
sure. There are, of course; those rumouis
in BupnoS Ayres of military revolt which
are inevitable whenever party heat rises
high in a South American State. The pre-
sent ruler of the Republic belongs not TO
RuenoS Ayres itself, but to CordOva, aNt
there is some metropolitan jealousy of the
provincial President. In other respects
al so. The conduct of Senior Celman seems
to Justify the Iancour Of his opponents and
the distIuSt OF the European II Sidents.
The Republic has been very successful Tor
many years III placing large loans in Lon
don, Paris and elsewhere, and its admins
traitors lave spent the borrowed money
with both hands. This, however, could
not last, and the Treasury at the beginning
of this year ran short, although the Budget
displayed Il handsome surplus "on account"
President Oelman soon discovered that it
was useless to apply to European capitalists
for more money unless the administration
of tho finances was reformed and placed In
the hands of q trustworthy man. de could
no t find a Finance Minister OF this chaIac-
ter amongst his own political friends, but
the situation was acute, and some decisive
step was necessary. There was the clear
danger OF an Immediate col la pSe OF the
credit of the country abroad, while reEOlu-
IIOH dl HOul0 WIS llllltilOtAUN SGtA NnO lNt
sonal assassination of the President quite
possible. Thus pressed, StnOr Celman lOok
a wise resolution; he called TO his cOunSelS
from outside Senior Uriburu, a man Ofhlgh
position and good character, and his party,
appalled, for the moment by the danger TO
the country, suppressed their usual JeAlou'
sizes and accepted the new Finance Minis
a ter. he forthwith entered into neg0tla-
tiOns for a new loan of ten millions, and
laid before the Cabinet drastic measures OF
economy and reform. Then his colleagues
having recovered from their panic, believed
that the peril vas past, and, IeSuming their
old party spite, rejected the measures pro-
posed by the one man who inspires hnan-
ciaI confidence at home and abroad. Pre-
sident Celman unhappily sided with his
Ministers against Senor Uriburu, WAC
straightway resigned. Since that time the
country has been in full crisis for more
than a month. Every day the credit OF the
State goes lower gold has risen higher
and higher rumours Of conspHacles daily
Gain ground the troops and the police are
believed to be disaffected, and nobody can
tell what a day may bring forth. We may
hear any hour thai the President is depOS-
ell OF shot.
There are two evils that occur with ire
gular alienation in all the South American
Republics. The President, If elected, be-
comes a n.ere party tool or if he climbs to
power on a mntiny strives to make himself
Dictator. A ruler independent of parties
but not above the law seems not easily
secured in these States, where power pass
es from the soldier to the politician and
back again. Senior Celman is q verita BILE
King log compared with the King Stork
of the sanguinary Rosas and yet, y cor
respondent writes, cit is doubtful If ever
the tiger President ROsas, who sent five
thousand people to the shambles, had a
greater number of enemies than President
Celman, who at all events has not been
guilty OF such atrocities History certain.
~ shows that hesitating rulers seem to
inspire in their opponents greater ferocity
than men of more resolute illegality. Louis
XVI. was brought to the scatfoll while louis
XIV. died in his bed. Louis Napoleon eX.
cited more wrath than his uncle, who had
she'd fifty times more French blood. DIR.
Frahcia, Santa Anna, aud Rosas prove
that cruelty and despotism are not entirely
unsuccessful as means for attaining pros
perity in these semi Spanish communities.
Very frank critics of the present sitdatlOn
in Bu@nos Ayres bluntly say that if some
body would shoot the President, almness
and confidence would at once be restored.
He, and he alone, is the origin of the evil.
II this were true, politics il the Argentine
would be easy enoughj a situation is very
ssmrla wbon a well.nimpd niStOl shot Wonld