The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-06-20
A Wild ROMANCE OF sourH AMERICA.
A True Tale Whose ChspgefuI aud wos-
detfai Features No Arabian Nishts Ma
gicinn Could Ever Atiempt 70 Eaunl

the Argentine Republic will BIO celebrating
the establishment OF tho Argentine nation
atty" which 10 rather humorously supposed
to have been effected by the adoption on the
10Th OF May. 1853 Of the Federal Cons titution
Tho torn for which the worthy DR.. Celman
was elected. under this Constitution, as re-
vised" In 1850. to the Presidency. began on
the 18th Of October 1886. II will only expire
therefore. on the 18th OF October next, and as
1t Is still extremely uncertain whether DR..
Pellegrini who took over this term when Gel
man was finally coercod into resigning the
Presidential Office. on the 9Th OF August. 1890.
had not then already Invested himself OF his
right to succeed as Vice. President by his own
resignation. which was handed in two days
previously-on the Sd OF August. to wit, 1880.
In view Of these facts. It occurs to many quiet
people. natives as well as foreigners in Bucnos
Ayres that celebrations OF the National Con-
stituton OF 1853 might judiciously be post
poned till more convenient season. lam the
more inclined to agree with these quiet people
that, as n matter ofJact, the Constitution OF
1895 never became even nominally the Con-
stitution OF the Argentine Republic. until It's
adoption with revisions and corrections on the
18th OF November. 1850. by Buenos Ayres.
which only then consented to unite itself
formally with the republic. The Argentine
Republic without Buenos Ayres outhamlets the
play OF Hamlet" without Hamlet! Consider
ably more than quarter Of the whole popula-
ton OF the republic live and have their being
within the limits OF the city and the province
OF Buenos Ayres
Is to-day we do not officially know. Ac-
cording to the estimates OF Senior LATINA.
the republic in 1888 contained 3.703. 800
inhabitants. or q total population about
equal to that OF tho State Of Illinois: and
OF this population the city and province
OF Bueros Ayres contained 1850. 1000
me state and city budget OF Buenos Ayres
bears still higher proportion to the national
budget than the provincial population to the
population o! tho nation" In 1890 tho
Buenos Ayrean local budget showed receipts
OF $24.9e5.G0O whilo the national budget
showed receipts Of no more than $40. 1872 PAL.
You will observe. hope and duly appreciate
the guarantee of accuracy given by this scru-
pulously recorded final dollar" Of the ma
tional budget! round sum Of $46742, 24O
might DO open to suspicion. But who can doubt
the scrupulous fidelity Of Treasury which
declares itself to have received SAC. 742,24lP
This precision Is the moro notable that
during the year expiring with the access
sion to power Of Vice. President Pellegrini. in
August 1890. President Celman is declared
by the fnanciers. chiefly OF British origin or
sym pathies. who examined and reported upon
the subject to his successor. the new Presi-
dent. to have had the control Of no less than
S5OO.OOO.OOO" OF Argentine currency of
which no intelligible account could be given
How treasury which admits itself to have
had no means OF checking or supervising
the expenditure by the executive Of this
colossal sum. amounting to more than
ten times tho sum Of the national
revenues of the republic. can have contrived to
catch and verify that poor little lonely dollar
in at the tail Of moro than forty six
millions hay be safely set down under Lord
Dundreary's formula as one OF those things.
eminentiy. which no fellow can find out!"
But there 1t is! And the flnanciers. chiefly Of
British nationality or sympathies, who
are now busily coddling and poulticinc
the republic under Pellegrini. stanchly
maintains that the patriot would never
have had a moments illness had not
eN-President Celman muddled away those
five hundred millions OF dollars. II they nre |
right, and do not say them nay. It would
seem to be in order to inquire what sort OF a
republic it is under which it Is possible for a
President elected for six years. and not re.
eligible. to middle away in the first four years
OF his term sum OF money equal at least in
nominal amount to one-half OF the famous
war indemnity imposed upon defeated France
by victorious Germany.
A good deal Of interesting light would be
thrown upon the question II the walls Of
house in the Gale Florida could
be made to play monograph and tell us all
they have heard since the days when Rosas
ruled and Afanuelitos administered tho land Of
the ArGentines.
In fha Call do
and spun his web. the energetic American
railway spider. who three or four years ago.
having buttoncd up Lord Revclstoke and the
Earrings In his brooches pockets texcuse
the mixed metaphors,. astonshcd London by
buying the Duke OF Lenster's lease OF his
house In Carlton Gardens. turning out
the noble premier DIke Of Ireland. turn
ing in Collnson. the prince OF English |
decorators. and lavishing a couple Of hun
dred thousand dollars on making tho
mansion miracle OF magnincence and vul-
garity Tho American railway spider. the
Earrings and LORD Revelstoke all went down
together ono fine morning In financial whlrl-
pool OF their own making. and tho e1-ducal
In Carlton Gardens with its marble
halls OF as many colors as Joseph's coat and
Tho great gilded cage over its doorway. is now
the "paatial abode" OF Californian bonanza
queen. % IHOotil INC mower Wnlcn cOmetn UP |
rs weed!
But tho story Of the Gale Florida long ante
dates the American railway spider and the
age Of tramways and "syndicatos." We're 1
to spenh this lovely. almost s,m-tropical
morning in writing 1t fully out for you. it
would throw more and moro valuable light on
tho present situation and the prospects OF
Argentina" than you arc likely. fear. to get |
from oil the sensational des patches sent to
London newspapers. and all the politico COM
mercial reports OF tho agents Of the American
State Department.
In tho Gale Florida nearly half century
ago began tho great game. which has been |
carried on ever since. of gambling in the re-
sources and tho industries Of the vast terri
tory now known on every Stock Exchange In
Europe as Argentina" There In 1916
lived Senior Achney who opened thore
the first brokers office" in Buenos Ayres.
Aohinelly got himself murdered one day. and
his soul Ia with the saints trust His house
was long ago pulled down. and on it's site was
set up the Bazar Manigot. " Casa Introduciore