The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1915-08-10

there are many one-sfory
houses ana not a f"w large on~-stnry
buildings built around fatinS Many
II the houses arc made II stones
quarrl~d nearby Some are II brick
covered With stuccp mi painted In
the brightest colorS The public
buildings are ~ good size and the
same - true ~ the rhe4tr~~ The
Soils 1hest.r. for instance wt4 scat
900 Spectators ana is mas an area of
almost two acres II 49, built more
than forty years aco and among those
NJ no have played " Sang ia ii are
sarah Bernhardt Flttt CaruSo and
others The best ~ the European ar
lists make tours across the Atlantic
~ South America. taking in Ittn.
Mont"Vldre. and B4euo~ Aires such
events bring very high prices AMI IN"
dressing i even more elaborate than
ih.t AZ the American houses Every
ran an the orchestra circle viii have
on white Kid gloves IN addition ia
the ordinary dress suit. ana the wom-
en- AL wear evening gowns ana their
neCkS and heads sparkle with diI-
m"nds. /; Is a Common thing for the
men 70 rise IN their seats hciween the
acts. and. using their opera glasses. To-
stare At the women. The latter ia
not seem Ia object. The people Al.
ford OF the theater. Al the several
houses Of amusement over 1000
shows are held every year and these
are attended by l..70o.o oa spectators.
Among the other line Buildings are
the new lltentlarY. which ia A
model OF its kind a new Legislative
palace. which now going up. the
great station of the central Uruguay
railroad and some business buildings.
including the market and hospitals AZ
Well as the great university. which is
a national institution The stock cx-
change is an old building but il il
half as much as the Soils TIL lter.
There are also large banking build
ingS. most OF them belonging 10 the
great financial institutions OF Europe.
which do a large part OF the business
Of the South American continent. In
addition to these is the bank Of the
republic, which belongs entirely to
the state. 1t has "A capital of over
SO. 900. 600 authorized and more than
ST. 600, 600 paid up. II has the right
to issue notes and its currency now
out amounts to about So 900. 900.
This bank has branches in all the
leading towns Of the republic. Its
president and directors are appointed
by the government and it is to a Ger
tain extent a government inStit"'Ion.
nevertheless 1t is run at A profit. IL
net gain last year being over s.. 600.
. 900.
I Among the great pr ate b nks
, there are -four belonging to tn,
! British. one belonging to the French
another to the Germans and one
| each to the Spanish and Italians. II
addition to these there are new bank
known as the French Bank of tn
River Plate and the Bank Of Galicia
Z Some of these banks have consider
able truguayan capital. Among tn
n British banks the London and Rive
: Plate Bank is the oldest. Its chic
. Offices are in London, but it IA
branches throughout this part of tn
world. 1t has a capital of about $i4,
d 600. 600 and in 1912 it paid a dividen
of 30 per cent and a special bonu:
d The British Bank of South Amerlc
is another of these big institution
~ which gets fat off Of our sister con
tlnent. 1t has a ca pital of $40, coo. 90
d and a reserve fund of 200, 90
le more. 1t pays dividends OF IL pc
d cent and a bonus. And then there
r the london and Brazilian Bank who's
a net profits in 1912 We're more tina
I'd $500. 900 and that on q capital G
d about $4,000. 600. and last is the AT
glO-South American Bank. who's
n capital is $4,000, 600 and which ia
v branches throughout Latin Americ;
lie Speaking of money matters in Urt
d quay, lHlS Is tue only country l EiN
he yet visited which is or a solid GOl
n basis. It's currency is always mp I
i par and its dollar is worth about
ne cents more than the American do
lar. You cannot get more than 8
cents for one Of our dollar bills her
and in cashing my letter Of credit
a the moun of thirty pounds yeste
lis day | received in return only a fe
cents over s139. The same draft
DIS the United States would have brougl
lis me S145 and had cashed I at Asu'
ny clOn. Paraguay, | would have recel
ed $1,000 of their debased Currenc
on The Paraguayan dollar is now Wort
m between , and 5 cents. When | ":
there it cost me $40 a day for IN.
self and a similar amount for II
he StenOgrapher at the leading note
rts Street car fares cost rs a dollar al
ms upward. according to distance. Al