Newark evening star and Newark advertiser., 1914-12-31

at their pretensions. Sent some to
Jail for breaking the peace, others for
doing damage to property, and shipped
the American back to the United
States feeling very foolish. The
ordinary police quelled the disturb
ance. So much for revolutions In
Brazil. 1t is probably the fiction
stories of Richard Harding Davis, o.
Henry. or other imaginative writers
that have prejudiced the mind of
the manufacturer against the South
American nations.
Conditions Steady.
The day of revolution is past in
Argentine. They decide by the ballot
now. They have a law that no other
nation has. Every man must register
and vote or heavy penalties are OK
acted, unless some very good excuse
is shown why the citizen did not per-
form his duty. Compare this with
the statement that nearly 100000 citi-
zens in New York do not exercise
their perogatives. This law IL an in
stance of the progressiveness OF the
natives. The business laws of Argen-
tine and Uruguay are very strict, and
in the matter of bankrupts they are
very severe, and a man once judged
upi 10 ana
go into business as easy as he can in
the United States, where bankruptcy
laws are ofttimes used to evade just
debts. Last year, in spite of the bust
ness depression resulting from the
land speeulations and general hard
times, the Compositions" with
creditors, as they are called, and
bankruptcies settled, showed an
average of eighty-one cents on the dol
lar, which is a much higher average
than In the United States.
Study Prospective Customers.
With an agent on the ground in
Buenos Ayres it is just as easy to
determine the credit standing of a
merchant in Argentine, Uruguay or
Paraguay as it is in New York to de-
eide what credit shall be allowed a
merchant in st. Louis. In Buenos
Ayres, for instance, any depositor in
a bank can secure a complete rating
and the credit standing of any other
depositor in the institution. BY carry
ing accounts in several banks It Is
possible to cover every possible con-
tingency. Besides there is O. Dun's
agency the same as in New York,
while there are other sources usual
to securing credit information. There
is no difference between the business
man of Argentine and the United
States in the matter of business
honesty. There may be difference in
complexion, hair, and method of liv-
ing, but in the way of honesty, bust
mes aeumen and integrity, they are
on a par with those Of the United
States, in fact, some consider them
superior to the average American
concern in the matter of credits, for
q check or draft or
note is a mighty serious matter in the
A draft accepted against
the documents dishonored at the date
of maturity practically puts the en-
dorser out of business-his credit ls
gone in the trade, for failure to meet
e draft on maturity is presumption
of bankruptcy. While the Argentines
go about their business in a more
leisurely manner than do the business
men of the United States, they ap-
parently manage to reach their OBJ
iectiVe with equal success. In buy |
ing they go about it cautiously, for |
it. is a serious operation to purchase |
for six months period, as many mer- |
chants do. A merchant who bears a |
good reputation, has been successfully |
in business for years, and has paid all |
his bills in the past, and who Is not |
trying TO extend his trade beyond Ito |
possible limits, would be considered |
a good risk in the United States, and |
Just so in Argentine.