El Paso herald. (El Paso, Tex.) 1901-1931, 1915-01-30
Of Her ENGAGEMENT.


founded by sailor known as Mihauovitch'
is capitalized al $40. 600, O00 and it pays divi-
dcnds Of from nine TO II percent
The Liebig Extract Meat company has a
British capital Of over 100000, and II
pays dividends Of 20 percent, while the La
BlancO Cold Storage company. backed by
the Armours, has paid as high as IL per-
cent. The La Plata Cold Storage company
owned by the Swifts, has capital of two
and one-hah millions and it undoubtedly
The River Plata Fresh Meat company
has paid dividends IN I'd 10 percent and
the Smithfield and Argentine Meat com
pany pays 10 percent one OF the streeL
railways OF Buenos Aires is paying seven
percent and the other SIX while the city
watcrwor,z5 pay from four to seven percent.
WhaIers Make Money.
Among the money makers Of small capital
is a whaling company known as the Argeh-
tina de PesCa. 1t owns four steam Whalers
and il makes from IS to so percent per
anuum upon q capitalization Of 100000
The electric light companies pay from
eight TO 20 percent. several iron and steel
companies from seven to "A percent, ana m
surance companies from nothing to 20 per
cent. Some Of the savings banks pay their
stockholders as high as 20 percent and some
OF the land and colonization companies pay
/ as much. while others give no dividends
whatsoever
Big Department stores.
There are several big department stores
here that are doing well. Gath & Chaves
mas a stock valueF Of about SS.OOO.00O. and
2
branches in Buenos Aires ana stores also
( i'm the provincial cities and i'm Santiago and
/ Valparaiso. Chile. There are Il number OF
I brcwCrics that are paying from eight to 10
. percent, and some exporting companies
which have good dividends.
fir5--ailways are mostly owned by pri-
waite parties, the bulk Of them held in
Great Britain. They have q capitalization
altogether OF aboul 81 600 600, 600 in gold,
/ and their profits cvcrasc more than per-
/ Times Arc Hard Now
: Times are hard now in the Argentine
, republic. The country is financially sound
/ but it is one OF ups ana downs and as a
I rule il is like OLD Egypt, with It's seven
years Of plenty and its seven years OF
famine. When ] was here in 1898 the people
{ were still suffering from inc panic Whlch
followed the Barring Brothers failure.
+ Argentina has had a boom for 10 years
! during which more than six hundred mill
/ lion dollars worth OF stool, had been flOated,
and OF that more than five hundred million
! was totally lost. The country recovered
from that and it has been developing at
dynamic speed up until year or so ago
when the present striEgcncy began.
Autcs Held fer Duties.
AT the time the war broke out there were
I several hundred automobiles held in the Gus
tom house because the purchasers who had
bought them from the United States AND
( Europe had not the ready money TO pay thf
duties ON them and could not get the credit
There were numerous failures. amounting
at times 20 several million dollars week
and aGgrcgating i'm 1913 total Of about
$4,000. 900 i'm gold.
Building. which had begun on the mos
e-travagant scale, stopped, and public I'M
provcWents amounting to many millions
were halted Tor lacllot money. Ihcn came
thc war. and the moro than 400 steamship
. which are engaged i'm the carrying trade o
products to ana from Bucno9 Aires were
~-spcrdod. Tho banks were closed for II
days. and 20 moratorium arranged whicl
postponed al payments for ono month.
Tho government then put through finan
cial legislation authorizing tho issuance o
$3.50 NU0. geo of AT-CltiuC currency thrOuEl