New-York tribune., 1896-12-23
TRADE AND FINANCE ABROAD.

The reputation OF American farmers for honesty
and ability to pay their debts is illustrated In 4 re-
cent number Of THE London Economist the lead
Ing financial paper In Great Britain. That paper
has published the balance sheet of Of the
larees; London irms OF money lenders. Most Of
tho money has been loaned either for the purchase
n for the Improvement of farms in the States Of
Illinois. Ka~ Is. Nebraska. Iowa. Minnesota and
the Dakotas. the sum cf >i.3'1.op having been ad-
vancrd to farmers OF these States Although tn"
rate Of inier's' Is high. ani The firm had u1ns!c-
i!on. wiia more Than L'o) farmers. thr dcfaEl;.
leadins 10 foreclosures have not quite reached
,25.v' Furthermore. th' London firm has sold
idHl IN crrdi' 10 ihc eAttrt OF 'V~"p IL Po' -
also thti II r. a very rdic INNS Tor tn' FARMERS
no, t. p'y princp"! ana Interest within r'a on
able tm-. II some of the farmers ha'" moris.ges.
II - In mcs' instances hecaGec IN, owners borrow
money 10 pufcha'e, NOR Land or 10 improve th"'
new fo>ilns dock H. about b. constructed
IN the harbor OF Havana. villa capacity OF 1900
tons The building of !; has beer conceded 10 a
which w~r- mad.
The sal experience ot Italy in Abyssn.a has
iaush, hey the necessity Of being better Informed
IN regard T.. colonial enterprises. Bu, attention
secrs TO be directed to commercial rather than
military enterpri les. The Society OF Commercial
Expiration At Milan. has arranged for a course
Of 'werty-six lectures. to be given by Dr. cinzio
Bon"sch ihi+ year to the pupils Of the secondary
cai Information IN regard to the commercial side
OF the colonial Questions.
While sad news has been received OF political
troubles IN the Republic OF Uruguay. far.ory
Information has been sent from its neighbos Par
aguay. which has been free FOR many years from
the Intestine irpublca which too often retarl the
prosperous development OF the Spanish American
States The commercial future forosecn for Par
asua, ~ the recent book OF Ernest van Eruyss'i
seems approaching realization. The Government of
President Esguzqulz. makes laudabe and grcl,
efforts spread information aboAi. tho "Switzcr-
and OF Ar1cri~a" and to attract immigration. II
has created special Bureau OF Intelligence and
Immigration. whose chief. 5enog Carlos x. Santos
has founded a monthly review OF the progress Of
the country. which Is regularly forwarded 10 ~
Governments and principal Chambers of CONNER.
in the world The September number Of that r'-
view shows that. besides the production OF the
Verb, Natc 4 kind OF native tea which Is coA-
s,,ncd by 900 oU people in South Arnerlca Par
aguav hes undertaken upon larg" scale "a" cu.t-
walton Of coffee which has been very srcc.sSin' ,,
mate Of tho liit,' Republic ar" quite favorable 10
the growth of t.'at staple
The lates, phase In the Eastern question. THAI l.
I'm regard to the financial side Of it, in which bond
holders IN most European countries are Interested
has somewhat changed In lis aspect. 1t t. 10
longer demanded that those countries should be
substituted in place OF the Porte IN the manage
Of the nDncrS or me iIhprilil bDN'ifH.fH
and especially in those Of the Ottoman Bank The
new Han - this The Sultan. under his own respon-
elbility ha- signed agreements with his creditors
IN 10 the present tim. the Powers have had
occasion or motive 10 pass judgment upon these
agreements. Now. whai could prevent them rorn
indorsing them Such an Endorsement would not
implv anv modification In the present organization
Of the debt .ui II would give great moral force
10 the Sultan's agreements smooth over tho nnan-
cal difficulties Yet existing IN the Eastern question
and satisfy the creditors o. Turkey as 10 the in
trlnsir va OF their bonds.
The Government and the Chamber OF Costa Rica
seem to be ir earnes, in planning 10 build through
the territory OF the Republic transpacihc rail-
road. which would prove TO be serious competitor
10 the Panama Railway and the ever-dscusscd
canal OF Nicaragua The predominatng idea at
San lose Is that the railroad should he constructed
with money which would be accounted in the
Rudge; That feasible. for the Government.
which has accumulated some savings. thanks to
lie prudent administrat tion. possesses sum, len.
funds 20 BEGIN the work. and It's guarantc" would
rrove quite satisfactory to the capitalists who
might contract for the building OF the road at once
and advance the money.