The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1915-02-02

capital, and Will be an 1nVdluaDie
ource Of information Tor our I'M
porters and investors.
Few of our people at home have
any idea of the enormous business
that Europe is doing with the South
American countries. The influx Of
capital is now stopped on account OF
the war, and the additional money
of the near future must come from
somewhere else than France, Germany
and England. In the past the most OF
it has come from Great Britain ana
the total Investments of that cOuntry
in our sister continent have already
run into the billions. I have before
me the figures of Sir George Paish
as to what England has invested in
South America. The amount in Ar
g%entina is 81, 500, 000. 900; in Brazil.
s739.OOO 900; in Chile. 1000. 900;
in Peru, about Sill. 900. 900. and in
the several other countries over $780,
00O,0 900. This bakes a total Of about
$4,000, 900, 900. all told, and the most
Of the investments are paying big
dividends. Within the past seven
years the total investment has e
For Argentina. about $500. 900, 900;
for Brazil. S440, 900. 900, and for
Chile, $4,000 900. In 1913 the Eng
lish put out almost $500, 600, 900 in
Brazil and Argentina, n they would
be increasing such investments today
if the war were not On.
The above figures bulk large, but
South America is a big continent, and
it is only at the beginning of it's de-
velopment. The Argentine Republic
has already an enormous business. It
is a land of big cities, big farms, big
banks, and all sorts Of big indus
tries.
There are only two cities in the
United States larger than Buenos
Aires, and these are New York and
Chicago. There is one native bank
here that has a capital Of over $780,
900 900, and it's deposits are more
than $500. 600, 900 in p or very
close to $500, 900, 900 gold. l refer tt
the National Bank Of Argentina, which
has altogether $50 branches scattered
here and there over the republic. II
addition, there are many other native
banks, and also the great foreign
banking institutions which nave thei
headquarters in Europe. The number
Of principal banks enumerated in h
Argentine Yearbook are about sixty
and outside these are many other.
which do more OF less business
Nearly every Buenos Aires fnancia
institution has it's branches in othe.
NA$ASSb hAAN Oil L VI 1883 dSSO
ciated with the industrial and rail
road interests Of the country.
| One Of the most important of tn
native banks is the Banco Hipotecari
NaciOnal, which lends money on rea
: estate mortgages. n in lieu of cas-
/ issues bonds therefor. which are pay
: able to bearer. They pass from han
to hand. The bonds are known a
- | cRdnl2S and are O11Qr4ntooH nv tn
e government. They bear 5 or 6 pc
cent interest, and there are specia
g provisions as to their redemption. @
such bonds $780, 0O. 900 worth ha
e been issued in 1909. and the bank ha
e now assets of between five and 81
hundred millions Of dollars. M la
n requires it to place so per cent Of il
e profits to a reserve fund, and it's safet
e is carefully guarded. Loans al
O made on farm lands at a low valus
ton, n on lots in the cities at G
S per cent Of their assessment.
vineyards of not less han tour year
cultivation loans can be granted U
l. to so per cent Of their valuation, an
building construction loans up to {
l. per cent Of their assessment.
The rate Of interest on the bone
may not exceed 6 per cent and q
loans are subject to annual redu,
ions of l per cent. This bank h;
a Deen IN operation Tor Amos thir1
If years. and it is said to have he
much to do with the rapid deyelo1
ment of the republic.
IF The foreign banks are doing a b
y business in this capital Of the Rio
re la Plata basin. This is especially
n. of some whose chief Offices are in Lo
he dOn. The London and River Plat
Id Plate Bank has q capital Of $1,000
lie and q surplus Of IS, 900. 900 more. T
London and Brazilian Bank has a ca
ital and surplus of almost $4,000, OC
1t and the British Bank of South Ame
or lea has a capital of over $40. 10000
IL The chief German banks are +
It's Bank has a capital of $4,000
r German Bank Of South America. T.
1t latter was founded by the Dresdn
n Bank INT the National Bank
st Deutschland, whose headquarters a
ill In Berlin, and the former is a bran
no NJ Tho no,rfcoho Observation-Disclosures PoY