The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-01-23
~ iG.;s Hssset ssf,ssS
Interesting Eacts About the: Countries
viii. Which weare so tiavc Closer
Commercial Relations.

Commercial Relations.
u. i. SUM-
There is rejoicing in Brazil over the Of
fetal recognition Of the republic by more
aud more OF the Governments OF Europe
Nithin tho past few weeks both Germany
and Denmark have given it their rccogni-
ton. ai0 diplomatic relations will now he
established with Berlin and Copenhagen.
! The new government is Loyalty supported
by MI the provinces, and there is no sign
OF any disturbance OF the peace in any
/ quarter The adherents OF the cx-Em-
pcror. Dom Pedro, appear to have given
up ali hope OF his restoration, and are
NIL awaiting the publication OF his trans
!ation OF tho ARABIAN Nights" which is
10 be in the finest Portuguese. The tinan-
GERS OF Rio de Jameiro will doubtless ac-
ccpt the programme OF the international
( Monetary Conference at Washington,
which must he favorable to Brazilian
mining interests. There is news in Rio
ot the American project tor holding Il
fan- Republic Congress next year, and, if
it should hc held, Brazil will surely he
/ represented in it. that is to say, in case u
! folma! call for delegates is issued by the
! Washington Government. Various cxpc-
( ditions are being organized to explore the
+ upper valley OF the Amazon, where there
are extensive forests OF mahogany, but
/ where the necessary means OF transporta-
ton are not yet provided. There are rich
mining regions that cannot lie profitabiy
developed until new railroad and steam
| boat lines are established MANY brazil
! IA,
Cor capital, but ii has been found that. on
account OF the Argentine collapse and the
! bad financial condition and bad faith of
other South American States, American
capitalists are extremely cautious about
making investments which they cannot
control.
The Argentine Congress has been
I striving TO ailar the troubles that have
grown out of The financial policy of the
new Government There have been
/ hideous revelations in regard to the
! fraudulent issue OF bonds, the swntllng
/ i'll public lands, and the corrupt admins
lralon of the republics revenues. In or
der to raise funds, Congress has passed
/ q law lcvWng heavy taxes OH foreign cor
/ porations doing business in Argentina,
! excepting those that have secured special
concessions from the Government An
annual license fee OF so 900 has been
/ imposed upon foreign insurance COM
I paricS. which must also give Il guarantee
IN the sum OF $2U0,GUD. Some of the
other financial cXpcdicnts proposed in
! Congress are calculated to alarm invest
ovS. An especial effort is 10 be made TO
satisfy German creditors and TO carry out
the terms upon which loans were con-
tractcd i'll Germany. The work of the
Argentine Congress. i'll establishing tinan-
cai order, is very difficult, but the for
tunes OF The country are dependent upon
it> success. Several important public
enterprises that had been undertaken or
projected cannot he prosecuted on account
OF the lack of funds.
The Government Of Uruguay has been
striving to put its treasury on Il solid ba
! rs. II has given notice of its readiness
10 redeem the paper currency in gold, and
Che work oi redemption will be carried
OH during the first halt of The present
year.
From Ncnzucla ali the reports refer to
the continuance OF the prosperity which
that country has ell oycd during the pres
eat year Ecre is no South American
Government that holds more friendly re-
cations with the United States than Ven
zucla, and the increase Of business be-
tween the two countries is still in pro-
grcss.
The direct exports Of Columbia to the
United States are very small. 1t is re-
ported that during Tie year 1850 on y
single steamer from Columbia arrived at
tic port OF New York. The greater part
oil the commercial exchanges are with
England and other European countries.
| 1t is believed that when the Cauca Valley
railroad, which is now under contract, has
Dccn built, there will be an increase OF
trade with the United States. There has
been widespread mourning in Columbia
over the death OF Senior Amaya, the re-
iigious editor and publisher He intro
duccd the latest inventions in printing
and photography. and was promoter o.
various public enterprises.
The news OF the troubles in Chill
HAS been given through letters sem
hcrc and by the dispatches from Lon
don.
From Peru the reports arc encouraging.
l'he prosperous condition Of affairs is
tiwclt upon by the papers Of Lima. The
public revenues for the last year showed
an increase over those of previous Years.
he Government has been strengthened
by the recent revolutionary attempt.
which showed that the people were dcsir-
Gus of sustaining the constituted authori
ties. Scnor Zcgarra, the delegate TO the
Monetary Conference al Washington, is
| regarded as one OF the ablcst iinancicrs
ol Peruvian experience.
The Government of Guato mala appears
to be preparing to renew hostilities with
Salvador 1t has modified the infantry
and artillery, and has sent TO Spain for
officers to organize a cavalry force, for
which il has ordered four hundred horses
from Mexico The expenditures Of the
Government during the past year were
less than its revenues. and the interest on
the pubic debt is provided for.
Several of the South and Central
A".>rican republics, according to II report
recently published in Paris, have scholars
to govern them. 1t appears by this re-
por, that the Presidents of Ecuador, Col
umhia. Brazil, Argentina, and Nicaragua
arc graduates OF French universities.
The government Of Mexico has conclu-
died. Il treaty OF friendship and commerce
with the Government of Ecuador. The
treaty provides that all the disputes be-
tween the two countries shall he settled
by arbitration. Mexico has also concu
dcd the prcliminarics Of 4 treaty of alli-
;ncc with Salvador.
The Teachers Congress that has been
| holding its session at the Mexican capital
took up several important questions bear