Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-14

deans. France. and nuenos hyrcs. has
IA capltai Of Sii 600 900 and u pays an
annual dividend of from . per cent 10
G Der cent. The North German Lloyd
with ships from Bucnos Ayres 20 Bre.
men. has a capital u f9.0O0.oOo, and
there are other English. German and
Italian lines In which large sum- arc
Invested. and upon which big dividends
are paid
WHAT AMERICAN STEAMERS
WOULD DO.
A line N American steamers. as cstl.
mated hy Secretary Francois Jones ul
our legation at iiuenos Ayres IN an cN-
cellcnt report on this subject some time
aEo. would have chance Mt the SIZE.
900 900 worth " trade between tho
United states and the east coast OF
South America. 10 could reduce the
time between New York and liuenoH
Ayrca from month 10 seventeen days
aud allow q half days stoppaEc at each
uf the larger ports on the way. Then
the Journey from New York to the Ar.
gentinc would be almost n pleasure
trip. The freight rates could also be
reduced. and goods could be sent 10 the
Argentine more quickly from New York
than frum Europe. AZ present We Inn
mort nbout $4,000. 600 worth Of coffee.
hides ana other things from the Allan
tic coast ~ South America. and We cN-
port about so. 00O.co0 worth Of goods IN
return. Such a steamship line would
materially MD In evening NJ the trade
and would In the end put the balance In
SPECULATION IN THE ARuEN-
TINE.
a general idea prevails that the Ar
gcntine Republic " a very unsafe place
Tor investments. This N not ~. Prop.
..s. L. ....t.. 40 a4suI.f4 "a aha. lfff
M elsewhere. hut the country went
wild about nine years ago. II then Ind
a boom In which both the ArgcntincH
and foreigners took part This boom
almost ruined u. and during u there
was undoubtedly q great deal ~ fraud
upon the part ~ the government OIL
ciais ~ to their handling ~ the govern
tnent finances and FUNDS.
To-day this craze has passed, The
people have learned lesson from IL
and property ia now stable. The big
rest things are now managed by for
cigncfH. and from year 90 year the EpN-
eminent holdings grow icsf. \ Tor.
piFnef'H property ~ perfectly safe. He
has IN fact equal rights with the ma
turnilzcd Argcnlinc,nud he ~ subject 10
no heavier taxes.
Al businesses. howcvcr.havc to pay a
license ranging from s. 10 $4,000 "a year
done. nank'Ig Arms pay more. the
Highest tax on such firms amounting 60
500. 900. Foreign Arms who do business,
with or without house M iiucnua
AyrcH. have 60 pay from 500 10 500,
and those who are only commercial
travellers pay fixed license ~ SO. This
sum permits them IN sell only In liuc-
nos Ayrca ana the national tcrritoricn.
" they 80 outside ~ iiucnua AyreH
az a NfMIIININ "a WNuNaH NNlNn ID
paid IN addition. ana this ranges from
fi0p Ia $500 q year. according to tho
laws Of tho state. There are 81 c0ura,
other tny-a on business such ms stamps,
etc. hut these are somewhat the same
90 the world over
~ THE STOCK EXCHANGE OF
urENOs AYitEs.
IA TO stock gamblers nucnoa Ayrca
has ~ great a number ~ financial bulls
ana hcnfH mo- any other country Of the
world, IT, stock exchange, or bolnn.
N the financial center NJ the Argentine.
In II you can feel the pulse ~ the
money market and can zee as crazy cxs
hihltipnH ~ financial speculation 49, In
Paris. London or New York
The great boom which burst IN 1890
came from the rapid growth ~ the
country after 1850. IT, growth was an.
counted over ana over again. and IN ten
years more than ifH. 100000 worth of
stock wan Heated and of that more
than half a billion dollars totnny lost,
Thorc were land companies. railway
companies. Insurance companies. banks
ana IN fact almost every Kind ~ In
ntitutluu capitalized nt millions Most
~ these have entirely disappeared from
tho market. while the shares ~ other
companies have declined % per cent I
doubt whether there hive ever been
anywhere such loose business methods
prevailed here NJ that time.
The officers ~ tho government were
IN many of tho deals. The very high
est officials spoculnted with government
money and throurh tho government
banks allowed millions 10 be- loaned on
mortgages ON worthless property, Eu'
rope sent vast sums over o. the Argen-
tine ~ illi the gaps. expecting To- get
tens ~ millions back. ana when the
bubble burnt the Barring BROTHERS and
other luug-eHthhllshod London firms
came near going 90 pieces with n.
To-day the chief speculation on the
stock exchange II IN the money of the
country. The brokers buy and roll
rold. which u mp today and down to-
morrow. or rather the" soil the credits
~ their country In other words. the
most Of their huHlusrH " In buying and
selling their own notes.
There " no moro Interesting place In
South America than this stock OK.
change ~ liusnoH Ayrca ita door,
are guarded by footmen IN livery, aud
from 4. 10 and from to y. m. you
may meet upon ~ floors tho brightest
business men NJ the Argentine.
The membership costs almost nothing
and the dues are less than 81 quar-.
ter. The result ~ that there are 100
brokers ana nearly every prominent
business man NJ tho city IL a member
NJ the exchange. The stock exchange
~ not unlike a buHinona mans ciub.nnd
" you could enter II without knowing
whore YOU arr going you might well
Imagine ynur9clf IN the stock markets
~ New York or chicago. The only
difference IN the Language Tor the men
nrr ~ all nntinnhlitles ana they dref,
and look just 49, their brother broken.
do In London. New York or chicago.
The same mutations ~ fortunes ex.
isi, ANA each man can tel you hH own
story ~ ups and downs or fortunoa
lost and won, Speculation makes ana
loses money Just aa quickly In Buenoa
Ayres M in New York. and az the com.
morclal relations ~ tho United gtntos
and the Argentine grow closer / pre-.
dict that the Yankees viii hold their
own ON this stock exchange with the
Italians German ana English. no. they
tchamhlo Tor the financial plums ~ the
Argentine Republic.
PRANK q. CARPENTER.
Qsalo- - .l9asl- 80 ~ - n,