The sun., 1891-06-20
TEE CONDITION OF ARGENTINA.
Consul l4srti Describes Evidences OF Re-
tprplrr rrospertty.

TIE CONDITION OF ARGENTINA.
Consul HTsra Describes Evidences OF re-
turnirn Prosperity.
To THE EDITOR OF THE SuN-Sir: The letter
from Buenos Ayres, printed In your issue OF
to-day. treats OF tho Argentine troubles In such
an alarming tone that. In justice to country
In need and In compliance with my duty.
must beg space enough to state that. while the
republic Is in the position OF debtor wish
ing but to recover his strength in order to at
tend 10y ally and honestly to his obligations" 1t
is not by any means the rudderless nation the
letter represents, pining for RECIPROCITY as the
only remedy for it's evils and suffering from
fear OF . European invasion. The United
States could render the Argentine Republic no
greater service than to arrive at an impartial
understanding Of its actual crisis. and OF It's
determination and power to recover from It.
The Argentine Republic. far from being the
stampeded nation described In the letter.
should have earned respect from oil serious
observers By the readiness OF its citizens to
lend their purses to the resouing Of the shat
tered banks: the order with which from all
sides q remedy for the situation is procured.
BY the successful efforts Of the Government to
keep alive tho faith OF the world in the recu-
perative powers Of the nation: aud BY the SUR
prisinR celebrity with which national activity Ia
turning from il-considered speculation to the
development Of agricultural Industries. Tho
country owes much more than It can rres emily
pay. but It Is showing that It is worth
much moro than 1t owes Speculation has
ccased. but not production. Those moving
among spectators hear but the crash.
Those moving among producers will learn
the production Of 1890 Increased 25 per. cent,
that the railroads are unable to meet the de;
55:h 5:.n hS
man is 10 Be provided b an EnsiIsh company
Ths, hea ne 81 sas b%,ns n
fas p single m91ss n ss
ios iqEs %Sss sss5 ssHslns e &c
sE Ssar Ssa q sxas.Ss ss sess sTSn g. which
The banks cannot pay the deposits, but the
Government has guaranteed payment The
bank on the strict gold basis. TO begin opera
tom Of gradual purchase Of the depre-
einted d;ns 9aper % money, ,. which VII be rs.,
notes for not more % than % one.Rali Of the he lace isce
on nh%ttsH credit where trusts trusts
credit sada.pIy as ceases Bpflpe.s and sslsriss
81 H. az deS'o
may isll into temptation. ike a youns man.
and spend more than its incomes but with
10 o .s TO s
sy whn M that the
snow }Ssnd
ses sas h sns Tsa
the logic Of politics. into, the hands Of an
faster shan its m.ans s to attend to % ibsm. does
its might to overthrow : perilous power. must
imply that gold. because Invisible. is totally
red as
aa P1ss ara 81 ~ f. who
unite in work Of resurrection With the sound ,ul
wealth .HI q ths eounsry nov in hia'ne;
does the idea Of Me- Messiah h. synd TO 1es mort,
heed more than this passing references. While
i s certain tn hat the condense shewp to the
III by the county toward the uni.sd stasss.snd
IL reality b more inimissi to that end than any any
plan or comment based on a misconceptinn Of
people. Neither begearl ness nor heiplessness
enters into the composition OF the Argentine
character. Sympathy from the United States
toward the Argentines would be but an appro.
priato return for the we'll Known sym pathy OF
the Ar9entines toward the United STATES. To
trust one Of the republics Of the void would
be but logical On M the part OF the most powerful
Of republics. The manliness prevalent in the
praise in the yirility shown BY the ARGENTINE
holding ton aoiousiy to their faith il the $50 solid
ity and nnal prosperity OF their country.
That there is in the Argentine Republic
at this period an ample field for profit.
able, Investment cannot have ESCAPED the
sagacious eyes Of the American capital
Its. Tho Argentine Consulate has an
ewered many letter from earnest IN.
quirers, bent on knowing whether It would
not be advisable to buy land ut the present
low rates In q country OF such promise 1t can
rlcultHral settlements at sls per arabic hec-
IL . region Of vineyards, like the province Of
Mendoza. or in the Colonia Yerna, facing
the great rivers. or In tho settlements OF such
a future as has La Nueya Plata or Felicidad
or Juan Vi!lanueva or In the tropical gardens
OF wealthy Tucuman. or in the great wheat.
producing province Of Santa F6. Nowhere
would American capital find q reader recogni-
tion than In Q country like the Argentine Re.
public. In which the very self-reliance and
passion for Independent progress OF the people
move It to cherish toward the United States Q
friendship amounting to partially.
Consul Of the Argentine Republic
NEW YORK. juno ID. 1891.