New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-03

enc development WnlCn comes l4OA" sHe
.,,sl'irent investment OF capital in
land rich IN resources and inhabited
nv progressive people and the solid
.-,de which follows sound investment.
SINCE the war also 3; has afforded
are Of the best examples in the world
- the weakness Of such a nation, de-
.e,4nr UPON foreign trade for its
,-ospe-i.y. when its ocean transpor-
..t.on IS practically controlled by its
biggest customer
Great Britain supplied most Of the
- 20 build Argentina, sells her
~ most goods and also buys most oil
- ,rotrc+,. Ion peace England FUR
49, :. osr cent q the ships 70 move
49,. C,,-r.- OF the Argentine 10 her
~ --5 other ports. In war she need
..,.clf, and In vast quantities the
s-.s..v~s of tie country 10 keep her
49, ,~0,ies and those Of her allies IN
80 +~e-chos. AS O result she bought
sevsrishlv Of Argentine corn, wheat
s-4 becf and was The big factor IN
-c-.,-r -Aat country's record OF sales
fo~ last wear up 90 nearly S60O'OOV'oOO
he best in al her history by over
ro- r9rs the figures may be even
higher But now that the business slde
OF me war is better organized Eng
land obviously viii not pay more than
sbe has 20 for her necessares. ana
shining as a factor ~ fixing prices is
niavine It's part. She IS customer
whose trade represents the difference
between profit and loss 20 the Argen-
tine. and since az the same time she
owns nearly all the facilities for NOV
INC goods 70 market she is almost able
20 say what she VIII give for Argentine
products.
As in other South American coun-
tries. the blacklist has become a great
source Of irritation. With US II is an
incident but with Argentina and her
neirhbors in recent months It has be-
come a big issue. Naturally, Great
Britain has been using il 20 destroy the
business organization Of her principal
compe-itor Germany, but Argentine
merchants now claim that II IS going
very much further.
As great producer OF wheat Argen-
tina has not mad adequate elevator
facilities. A large proportion OF the
mans. or those with German c0nnec-
tons England cut of purchases OF
r-zin coming from these elevators and,
J, IS alleged. also refused Il transpor-
tzuon. Then purchasing agents rep
rssentirg the allies we're appointed 20
buy the cereals, the result Of the pro-
cess being. i is claimed. that the grain
had 70 be offered 70 them at their own
prices. TO this the citizens OF the Ar
gentins object Meetings OF protest
have been held, and recently the gov
s-nmeut. in cooperation with other
south American republics, has taken
ne matter up insistently with Great
Britain.
Meanwhile, there IS no question that
DESPITE a sense Of obligation 20 Eng
Ind for the capital she has provided
and the help she has given, some OF
the British trade policies evolved dur
ing the past year are causing resent.
-ert 20 overcome which England Will
have 70 exert herself for years after
tie war.
Argentina as a whole, about one.
third the size Of the United States and
with only 5000 900 people, is much axe
our Middle West-a great farming and
grazing land. From Buenos Ayres 20
ne Andes the traveller crosses a PLAIN
almost a. smooth as q table, with no
trees EXCEPT about the widely separated
homes A large part OF the area now
Inhabited IS OF this character, but de-
spite the enormous progress made IN
he last thirty years only a third OF
me land suitable for farming IS yet
IN use. There are large undeveioped
mining and forest values, but meat and
tie cereals are the big business items
The climate is extremely cold IN Pat.
tgonia, in the south, and tends toward
ne tropical in sections Of tae norta
bit most q the territory IS IN the
vs-m temperate zone and cattle Craze
a. tas year. They need no protecting
s.oek shsds and little attention. stock
rasiaz therefore led in the early de-
vs.opnsr. q the country and tn value
q The neat exports grew from S62,0OO,-
v9e 4 1924 % nearly SZOO,yVO,OVV ID
1872 Farming soon made Us way,
hoSsver, and the cereals sold abroad
tos represent the biggest item. Their
value has increased from S3O.OOO,O0O
twenty years ago % s500OoOoO9 now.
While Great Britain provided most
q the money % build this great orsi-
ness, other European countries were
lsrgs invsslorr A strong mortgage
hank was developed early and lano
bonds issued bearing 5 per cent to ?
PER cert which were readily SOLO
abroad. Little Belgium owned before
ne war over 500 100000 Of these Sc
cgrities.
Twenty years ago Argentina exported
procucts % me value OF 800 .OOO,OVO
and imported SEQ, 900 900. In the last
80 i 81 e
~. IN 1913 The sales dropped %
1900 900 and the purchases 70 Sss.-
SON. tne latter figure FS,ng the
ewes, In ffteen Years. P1-enases are
El.l below normal, but SAFES have gone
"s lev high level.
Year By gear England has become
sore dependent on Argentina for sup
past Until sne took nearly 40 per cent
her Imports from there, against 20
psr cert from the United States.
10 1914 alone Argentina exported
nm IONS q meat, mostly 20 Ing
]nc, Ehile United States beef exports
s''prtc % Zts0 tons. She sells abroad
1-say i've times the quantity Of her
lssfet, rval. Australia. For 1915 her
Nlss o. cereals % Great Britain we're
=. fen millions less than ours.
~ rttsrn Argentina taxes England's
snefsetgres. For years over 30 per
n, o. the IMPORTS have been British
tsf esnt German, y per cent United
80, 10 per cent French and m. rest
sNred TEXTILES have represented
~. o. he buying, amounting 70 800.
ySss 10 1919. Miscellaneous food
.,fS,iS, building material, railway
ipnsni, agricultural machinery
1, and glass are me items Of nez'
@ksrznes
II Ias United States has always sold
,ftin4 three times - mucn a. anJ
II 80 sDsth American country. except
ei While no have bought from hei