The Washington herald., 1909-07-18

75ooo0. II has railway sidings and loco
motives Of fits own. Goods are lifted 10y
hydraulic cranes, and wagons are moved
By hydraulic capstans- As much as lS000
tons OF wool las been stored In the ware
houses at one time Argentina VIII hold
a centennial exposition in 1910 and our
Congress has appropriated S60o0.0o0 Ior
buildings and other expenses I give YOU
a few OF the striking facts about our
country" Mr. Portela said with en-
thusiasm. that you may think Us not
altogether aboriginal and undeveloped.
Does Business with Europe.
1T is said" remarked. that more
representative men go from Buenos Ayres
20 Europe in a week than come 70 this
country in a whole year,"
The statement is true" Bfr. Portela
answered Our business is mainly done
In Europe. and We have fine. fast ships
20 England. italy. Germany. France. and
Spain Such ships as there are between
New York and BuenOs Ayres are owned
by Europeans While Mr Elihu Root
was Secretary OF State he visited our
country, and IN a public speech said that
he had seen the fags ofNaH nations ex-
cept the United states IN the harbor OF
BuenOs Ayres. Since then 7 have read
the report OF Mr. Snyder. your con-
sui general He states that I.21S Brit
fish steamers arrived at the port OF
Buenos Ayres during the year 1906. as
against four little sailing ships from the
United States. To-Day I received my
man from home II was a month and
SIX days in getting here. and came 10
Washington by way OF Europe When I
return % Argentina I either go 20 Eng
land. where I can get ship that viii
take me to Bueuos Ayres IN twenty days.
or 10 Italy, whence I can 90 home on a
splendid vessel IN seventeen days.
rs there much United States capital
invested in the Argentine Republc?"
No A few tanneries are owned by
Americans. Your makers Of agricultural
implements have established several large
agencies in the republic. and a few OF
your miners are washing out gold al
some OF our mines. Englishmen. how
ever. have invested sl.750.Oo0O0O in our
railways. harbors. and other large en-
terprises. and I have Just learned that
S55. .0Oo. 900 OF new English capital has been
pledged for building railways In the south
ern part OF the republic Strangely
enough. the English who own our roads
are buying locomotives and steel rats in
the United States.
Germans Make Investments.
Second IN Importance among our bust
ness men from abroad are the Germans.
who control the street railroads and the
electric lighting OF Buenos Ayres. Tho
Germans are pushing their interests with
great vlgor and skill, and have displaced
the French. who are now fourth on the
list Of our foreign investors Our trade
with Germany is growing all the time.
We also do a large business with Italy.
and more OF less with Spain"
Are you continuing 70 build railroads.
"Oh, yes. We built nearly 1000 miles IN
1905 Three per cent Of the revenues OF
our railways IS paid to the government in
lieu Of taxes, and the money IS spent on
the wagon roads leading to the railway
stations.
Your agricultural implements are large
~ bought I suppose. in this country2"
Yes; but We also patronize factories in
Germany, France. and England. Last
year We purchased 5000 os your plavs
and only 5000 in Germany and Great Brit
ain. Our moving machines. however.
came from Europe. But your reaping
machines suit our people better than do
those made in any other country. We
purchased 1900 OF them last year. Great
Britain, on the other hand. supplies US
with most OF our thrashers.
Are any OF your banks controlled oy
capital from the United States?"
NO; but we have fve Dig English
banks"
why Trade Is Diverted.
Your foreign trade" said. amounts
to about SSOO.Ooo.OOO annually. Less than
SO 0Oo. 900 Of It IS with the United States.