Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-08-18
SOUTHLAND SISTERS
LATIN AMERICAN REPUBLICS
MAKING GREAT PROSPERITY
STRIDES.
CAPITAL AND INDUSTRY
BRING REMARKABLE GROWTH
Railroads Developing South and Con-
trail America and Bringing Vast Mar
ke.s in Touch With Other Continents
-Aaric ulture Backward in Some
Sections AItho Soil is Rich
ISpecial Correspondence

Especial Cores pondence.1
F.! Washington. Aug. 1S.-A most srau-
/ fying growth in commerce and steady
progress in nearly every direction IN
| South America republics is disclosed IN
review of the conditions in those
! countries just prepared by Johh 6a'
rett. director of the International
] Bureau of American Republics. Prac-
ticany every republic is spending large
sums OF money in development OF varl-
ious kinds. particularly in the building
! Of a net work Of railroads. Inc AoIaoie
f.! commercial advance Of the Argentine
! PepubIic in 1908 was largely due 10 IN
/ creased railway AID water Transports
/ ton facilities. Railway construction
! and agricultural development nave e.
/ fected transformation OF the -eTlI!e
/ prairies. or pampaS, OF the country m
/ 70 productive fields OF cereals ana
/ grasses. and large areas Of the more
arid plains OF the higher lands nave
/ been converted by means o. irrigation
into rich pasJurable tracts uneAce!1eu
| in any part OF the world
| The financial condition OF ATSeH tl''e
in 1909 was most satisfactory, the con-
I
creased during that period 10 The eX-
tent OF S30.00o.0oo gold. The foreign
commerce of 1909 exceeded that Of lsoe
! by S6ll2s546, while the domestic com
nlerce was greatly in excess OF that OF
1907 and 1908 The n7aaufac turing IN
dus;ries showed considerable activity
IN 1903. regardless OF strikes ard gen
eral scarcity OF labor. The railroad de-
velopmer, was very great. 1000 miles
/ OF rev lines having been completed
and opened 20 traffic during the year
/ The revenues for the year were Sl2o,-
| 1861 The public debt on the first OF
he year about s443 205.SS2. This shows
/ a slight decrease Of debt in ten years
| but by no means tells the full story
of Argentine's advance in credit In
i 1900 the total annual revenues Of the
republic were $4,000 900; in 1903 they
were nearly sl31. 100000.
| In 1900 the debt was SAT-, 900. 1t
can thus be seen that the deb, of 1900
| was seven times as great as the annual
revenue while the debt of 1909 is only
three and two-thirds times the revenue.
! a considera Bile part Of the debt is now
represented by paying inproveme
such as the state railways, Buenos
Aires port works, and the Buenos
/ Aires water works.
! In the matter Of comm cree with Ar
gentine Great Britain has a command
ing lead over ell its rivals shipping to
4 The republic goods Of a value much
greater than those from both the Unit
| ed states and Germany. The United
{ States remains third on the list, alrho
its percentage OF increase is greater
than that of either Great Britain or
I Germany.
The railways IN the republic have
been remarkably profitable. AT the
( close Of 1909 there Were in operation
15.s49 miles of railway, representing
ca capitalization OF 100000 900 Receipts
t from operating the roads are estimated
at slo5,5.6 900 and expenses at s62, 212,-
! 600
Advances in Bolivia.
In Bolivia the third largest of South
American republics steady advances
We're made. the most noticeable being
the gain in foreign comm cree OF almost
$1,000 900 The balance OF trade was in
favor Of the republic as the exports far
! exceeded the imports, and while the
imports fell somewhat short of those
Of 1903 exports. on the other hand. for
1905 exceeded those for 1905 by 81. 500. :
900 In railroad construction notice.
able progress has been made. The
prospect of not only opening new re-
gions thruout the republic. but also of
| affordirg quicker access 10 the capital
by newer and shorter lines approaches
d most satisfactory settlement. The
/ most noticeable financial feature OF the
year was the disposition made OF the
loan negotiated at the close of 1908
The cash thus obtained was applied for
! immediate service of the internal debt
/ and to help in the estabiiS hment Of the
gold standard. AS far as concerns agri-
culture Bolivia is still in a backward
state.
The Largest Republic.
Brazil. the largest of the South
American republics. and 10000 square
miles larger than the United States if
we exclude Alaska, shows remark
able increase of exports for the year
1909 and the balance of trade com par
ing this factor with that of imports
was the greatest that has ever occurred
in the history Of that country. In
matters of finance the expenditures
were greater than the revenues; but
while the national debt was increased
during the year much of this increase
is explained by the fact that the loan
| is simply an investment in the national
Improvements, such as increas ed dock
facilities and new railroads. The value
of exports was s179,69o,125 and of ex-
ports s30s, 1929 In the matter of i'm
ports the United States is third on
the list, Germany being second and
Great Britain first.
Chile Receivers From Quake.
In most directions Chile enjoyed a
prosperous year IN 1909 and has re-
covered from the disaster of the earth
quake of 1906. Financially 1909 was