The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-15
Government Offers System
of Exchange to Develop
Commerce.
WANTS WASHINGTON
ADOPT PLAN TOO
Consul Molina Tells of
$1,000. 100000 Trade Now
Knocking at Door.

The Argentine Government is eager to
arrange a system Of financial exchange
between that country and the United
States 80 that with the development OF
a mercantile marine there may be every
facility for commerce between the two
nations. Manuel \. Molina. Consul ~
the Argentine Republic in New York, an.
nounced yesterday that his Government
had notified him that all United States
merchants desiring TO purchase goods In
Argentina could transmit money through
the Argentine Legation In Washington.
American dealers can dcposl; gold and
will receive in return voucher which
the Argentine Government in Buenos
Ayres will cash. 1t is the hope of the
Argentine officials that the United States
Government will authorize the American
Legation in Buenos Ayres to accept gold
from Argentine merchants and give vouch-
era which can be cashed at the Treasury
Department in Washington.
The arrangement of an easy method of
exchange is II desirable thing, because
Argentina is big importer and ex-
porter. her international trade last year
amounting to almost 81 900. 900. 900. ac-
cordng TO figures given out by the Ar
gentne Consul.
Great Resources Of Argentina.
Argentina for several years has been
attracting foreign capital and foreign
traders, but Americans have not taken "A
leading part in graspinE the opportunities
offered. The republics maize crop Is
valued at more than 100000. 900: her
wheat. almost 100000, 600: her wool
about $4,000. 600. frozen beef. s35, 000.-
600 She has many products that this
country can take in exchange for manu-
facrured goods
When Mr.. Molina was seen yesterday
he pointed out that the unfortunate state
OF affairs in Europe presented splen-
did opportunity for a considerable ex-
pansion of the commercial relations OF
the United states with the Latin Ameri-
can countries. especially with Argentina.
He said
THE economic effects of the gene, al
war in Europe are naturally reflected
in Argentina, but not. perhaps. to the
same extent as in countries less favored
by natural sources OF wealth. The pro-
du,ti,r az ,b, A,.o,,,t,,, p,,,,.,t.
MI. a. ~, ,,.,.T,. I,,,,i.,i.,'., ~. w.
''N''' '''''''s"'H ny 'neSe
conditions nor are the leading Industries
Of the republic likely to suffer very
much. The classes who will he most
affected by the disturbed conditions Will
he Spectators in land and similar en-
-. hsa,u'"E tne financial situation OF
S'e l'iu"'o NJ nseil, II Is OF the most solid
J,',.I we principal sources OF pro
,,,,' ~ "e'us 'i"'"ta 'heu ana are
Hno"Hs S'e'"E CROWN, TO better Illus
tihte 'ne position or the Argentine Re
n ,o, IT. may ue stated that Tor the year
I't"' N"'h was PERIOD or acute com
'nr, '''I ana i"'"n',al depression, largely
's"u'eu "E we ptlNah war the surplus
VI 'Npul's Wv . imports exceeded $4,000
wv" soiu'
., M,"s 7" the uiniculties existing
u'louSh the war IN Europe OF enect'ng
i"S i'.n'S ~ s"lu pct"eeh the Two coun-
Fles ,h' Argentine Government has con-
SrH''u 20 az ADVANCEMENT ny which Amer
mn ."'loI.o's NAV pay the amount OF
thtIr imports or debts In gold to the Ar.
Se"tho Lesation ht Washington ard on
production OF the legations official receipt
-, - ~ N'N'"N"' ''"Neih-
ment VIII pay the amount so deposited
IN Washington in gold to the locad con
signee.
Il believe that II the United States
Government were 10 take similar steps
TO protect the American manuf,ct,,ra,
during the prevalence of current financial
conditions very considerable accession
ot International trade would Immediately
follow. In other words I believ, tina, 4,
the United States Government were IN
provide that receIpts for ao,d denosi,.d
ny Argentine importers with the america,
Legation I'm Ruenos Ayres would no ~
ored on presentation 10 tho Troas,,r,, -,
the United States great bcneet would
accrue TO both countries
"In my opinion the dlnlnutlon Of inn
ports which will necessarily follow, ,hs