New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-11-13
OPPORTUNITIES IN ARGENTINA.
JULIO CARRIE THINKS AMERICAN CAPITAL
NEGLECTS A PROFITABLE FIELD.

JULIO CARRIE THINKS AMERICAN CAPITAL
NEGLECTs A PROFITABLE FIELD.
Julio Carrie OF Buenos Ayres. Argentina. for
mery Charge d'Afaires for he Argentine Re-
public to the United States, and recently diplo-
matte representative OF that Republic in Europe
Is I'm the city private business.
He Will remain in New-York several weeks. and
then will visit various other centres Of trade and
endeavor to get the business men and manufact-
urers interested in pushing trade with our South
American neiehbo-.
When Mr. Carrie was yesterday at the law
offices OF Logan. Demond & Ht-oy. at NO. q
Wllliam-st.. he said
There are great opportunities for American cap
ital in Argentina. We have many new railroads
RnSr d Ta NO. eoa GH' n ne Wo WITH IS
able to take hold of railroad enterprises; Ifere
developed and in which he ople of TIE United
States with money have every opportunity OF max
and France control the LARGEST part OF the Dor.
rowcd money in country. but II the people OK
the United States would take more interest IN
developing trade with us It would not He long
before they held the controlling interest.
The people Of my country have very friendly
feeling for The United States. Considerable me
chuery. especially agricultural implements, from
the United States has found lis way to Argentina.
and the people there ike IT. In my opinion THIS Is
an admirable time for the United states to exteri
through financial crisis and the fact that bust
ness conditions are steadily improving Ihere on ~
gold. when left there ten weeks ago there was
a premium Of g. On gold. Now the premium Is
down to about q General Roca and the entire
present administration is progressive, and soon
there will be a demand for new railroads to de-
vclop the southern part OF the republic. American
capital might find profitable employment in build
Ing these railroads.
II seems to me that there should be n direct ana
regular line OF American steamships between New.
York end the Argentine ports. Such line "oulc
naturally be OF great advantage to American mer-
chants and | believe that eventually II would pay
well At first no doubt II would be necessary 10
suhedize H. but tina, could be done In the way OF
a Governments postal subsidy. Certainly anything
tina; this Government could do toward increasing
and developing the postal facilities between me
United States and the Argentine Republic would
he of immense bencf, to both countries. Al pres
ent there is no American line Of ships between your
country and Argentina The British nave several
regular lines; so have the French. the Germans,
the Italians. and even tho Spanish. ,
have heard more loss talk about estaonsn-
ing an American bank I'm Argentina. That would
be good idea for United States interests, ana "
would foster trade relations between the people OF
the two countries. few Americans have started
in business in the Argentine Republic and they are
doing very well. There could not be n rnucn better
field in which to work In a territory with popu-
lation of 1000 ono we were able 10 export IN l%i
goods Of the vaue OF $3.50 10000. This same terri
tory is capable OF supporting 100000 people. L
think that the southern part Of our republic IL
going to he the new Argentina. That section has
cooler climate wonderful fertility OF soil. ana is
free from locuss which have been such dam
aging plague in the northern part OF the republic