The herald., 1898-11-12
ARGENTINE PRODUCERS
READY TO TRADE FOR GOODS
FROM THE NORTH
If There Was an American Merchant
Marine It Could Find Profita-
BILE Employment

NEW YORK, Nov 1.-THE Times Gays:
julio Carrie OF Buenos Ayres, formerly
Charge d'Atfaires from the Argentine re-
public to this country and more recently
diplomatic representative of Argentine in
other countries, is now in the city ON brief
visit. He left Buenos Ayres two months
and half ago and at that time business
was improving rapidly. In his opinion his
country now offers excellent opportunities
for United States enterprise and capital; he
believes In the future OF Argentine and is an
admirer of American character and insti-
tutlons. Mr.. Carrie expresses a desire to
see closer relations develop between the
two countries.
The people Of my country have very
friendly feeling for the United States"
especially agricultural implements from the
United States, found its way to Argentine
and the people there like it. In my opinion
this is an admirable time for the United
states to extend her trade to the Argentine
financial crisis and the fact that business
conditions are steadily improving there is
shown by the rapid decrease in the premium
on gold. When | left there three months
ago there was premium of 81 on gold. Now
the premium is down to about 81
General Roca and the entire present ad-
ministratlon az, are progressive, and soon there
Will be new demands for railroads to de-
velop the southern part of the republic.
American capital might find profitable EN-
ployment in building these railroads.
1t seems to me that there should be
direct and regular line of American ships
between New York and Argentine ports
Such line would naturally be of great adj
vantage to our merchants, and | believe it
would eventually, pay well. At first no
DOUBT 1T would be necessary to subsdize,
but that could be done in the way of gov
ernment postal subsidy. Certainly any
thing that this government could do toward
| increasing and developing the postal facili-
ties between the United States and the
Argentine republic would be of immense
benefit to both countries. At present there
Is no American line of ships between your
country and Argentine. The British have
several regular lines, so have the French,
Spanish.
II have heard more or less talk about es
tabllshlng an American bank in Argentine,
lhat would be good idea for United States
interests, and it would promote trade re-
latlons between the people of the two coun-
tries. ,Of course1Mei do not need American
capital as there is an abundance of British
capital in our country. All of our railroads
thus far have been built with British capt.
tai. A few Americans have started in bust
ness in the Argentine republic and they are
doing well. There could be a much better
ileld to work. In a territory with popu-
lation of 100000 we were able to export
in 1897 goods of the value of Sl60, ,OOO,O ,OOO
This same territory is capable of supporting
20O,OO0.O0O people. l think the southern
part OF our republic is going to be the new
Argentina. That section has fine climate
wonderful soil, and is free from locusts
which have been such damaging plague in
the northern part of the republic.