PREFACE TO THE FIRST EDITION

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Twenty years ago M. F. Latzina, Director of Statistics, published in French a very able work on the Geographie de la RÉpublique Argentine, of which he had issued the first edition in Spanish, and I consented with pleasure to write an Introduction to a book whose object—an object which it fulfilled—was to familiarise European readers with a country whose rapid development is one of the most remarkable facts in the economic history of the nineteenth century.

“These results,” I wrote, after having quoted certain statistics of agriculture and commerce, “are assuredly very satisfactory. The Argentines have the right to be proud of them; few countries in the world could show a like example of progress!”

I have no less pleasure in associating myself to-day with this book, by SeÑor Albert B. Martinez (sometime Under-Secretary of State, and at present Director-General of the Statistical Department of the city of Buenos Ayres), and M. Maurice Lewandowski, Sub-Director of the Comptoir National d’Escompte of Paris. Their competence is incontestable, and their work requires no recommendation, since it has won the sanction of success, being now in its third French edition, and having been “crowned” by the French Academy. But the object which is aimed at by The Argentine in the Nineteenth Century is the same as that of the Geographie de la RÉpublique Argentine, and the interest attaching to the book is the same.

“In the competition of the new nations, created by emigration from Europe,” I said in 1890, “this Republic will be enjoying a privileged situation, because of its particular advantages: the nature of its climate—a climate of the temperate zone; the vast extent of its territory; the quality of its soil; the facility with which railways can be built; its situation on the Atlantic coast, facing Europe, and relatively near the Indian Ocean; the powerful tide of emigration setting in towards it, and the rapid peopling of the country, together with the wealth that results therefrom; the suitable character of its population, and the liberal spirit of its political institutions....

“The Argentine Republic, which occupies in the temperate zone of South America a position analogous to that held by the United States in the corresponding portion of North America, may well dream, if not of equal power, at least of a similar future.”

This dream is in process of realisation: of this the proof will be found in the chain of evidence which our authors put forward.

It is the present condition of affairs and, above all, the economic situation, which the authors of The Argentine in the Twentieth Century have set out to represent. They have not given us a panegyric—“nihil admirari,” say they—but a practical book: one written by men of business and affairs, founded upon direct observation, and hard-and-fast figures, where statistics have provided them.


The Argentine is a young nation, which hitherto has busied itself rather in work and production for the amelioration of its present condition, and in the preparation of its morrow by creating capital, than in giving itself to the historical study of its past. Nevertheless, history is the web from which the spirit of a nation is woven. It is useful to recall the principal historical periods, and particularly the origins of the nation, for the better understanding of the present period.

It was in 1508 that the Spaniard, Juan Diaz de Solis, discovered the estuary of the Plata, the Mar dulce; and in 1516 he returned, thinking, after the discovery of the South Sea, by NuÑez de Balboa in 1513, that this might be the strait, so sought by the navigators of the time, by which that sea might be reached, but on landing he was killed by the arrows of the Charrua Indians. He had discovered no strait, but a spot assuredly well suited for colonial settlement. The first attempts were abortive: that of Sebastian Cabot, who built the fort of the Sancti-Spiritu (1527), and that of Diego Garcia. It was then that the discovery of some ornaments of silver, worn by the people of the country, gave the river its name; known first as the Rio de Solis, it was now called the Rio de la Plata. The Indians destroyed the fort and killed the colonists.

Eight years later a wealthy private gentleman, an officer of Charles V., Don Pedro de Mendoza, undertook to establish a settlement at his own cost, on the condition of being appointed governor of all territories that might be found as far as 200 leagues from the ocean; and in 1535 he sailed with fourteen vessels and two thousand men. He laid the first foundations of the colony of Buenos Ayres, and he rebuilt the fort of the Sancti-Spiritu, while his lieutenant, Ayolas, in 1536, founded the station of Asuncion, on the Rio Paraguay. The post of Buenos Ayres was abandoned. After the death of Mendoza and Ayolas the new colony was governed by Martinez de Irala for a space of nearly twenty years; reinforced by fresh emigrants, it barely held its own against the losses inflicted upon it by the Indians. Irala, by a voyage of three years’ duration, succeeded in putting himself in touch with the Spaniards of Peru.

Conquerors coming from Chili across the Andes, the Spaniards founded among others, despite the hostility of the Indians, the following stations: Santiago del Estero (1552), Mendoza (1560), Tucuman (1565), Cordoba (1573), Salta (1582), and Jujuy (1592). These at first were little more than camps entrenched. But Santiago del Estero was erected into a bishopric, and so remained until 1700, in which year the episcopal throne was transferred to CÓrdoba. In the eastern regions, in 1573, Governor Juan de Garay built Santa FÉ, re-occupied Buenos Ayres, which was christened, on the 11th of June 1580, Cuidad de la Trinidad y Puerto de Santa Maria de Buenos Ayres (the City of the Trinity and the Haven of Holy Mary of the Fair Winds), and founded CorrientÈs in 1588.

Trade commenced. A first consignment of hides and sugar was dispatched to Spain in 1551; but the merchants of Seville protested, and as a result their privileges won the day. It is a fact that the monstrous regulations which Spain had imposed upon her colonies forced the Argentines, for some considerable time to carry their exports across the continent to Callao, whence they were carried by sea to Panama; there they were again transported by land across the isthmus, and were shipped anew at Puerto Bello for Seville. Imports came by the same road.

There were, however, exceptions to this rule: either by grace of provisional permits given by the King of Spain, or, more frequently, through the contraband trade.

In 1617 the Province of Paraguay and the shores of the Plata were divided into three Provinces; Paraguay, Buenos Ayres (erected into a bishopric in 1630), and Tucuman, which were dependents of the viceroyalty of Peru. The captaincy of Chili also extended over both sides of the Andes. The Indians had to a great extent been divided among the colonists en encomiendas—that is to say, in a species of slavery; but other Indians, who were still free, were formidable enemies.

Early in the seventeenth century the Jesuits instituted their first “reductions” in Paraguay, and organised in a community the Guarano Indians of the country. These “reductions,” ravaged by the Mamelukes of Brazil, were replaced by missions established on either bank of the Paraguay River, and on the Uruguay to the south of Yguassu. The order of Jesuits was suppressed in 1766.

The principal towns of the Argentine of to-day were already established by the middle of the eighteenth century. At that period, so Savary informs us, “The city of Buenos Ayres contained about 4000 houses, all built of earth (adobe), but covered with tiles, with the exception of some fifty houses of brick. The inhabitants are rich, and owe their riches to the extensive trade which they carry on, both at home and abroad.” After the advent to the Spanish throne of the son-in-law of Louis XIV., France had the greater share of this trade; the King having conceded to a French company the monopoly of the Assiente—that is to say, of the trade in negroes, until by the Treaty of Utrecht France was forced to cede this monopoly to England.

The two principal articles of export were at that time green hides for Europe and the Paraguayan matÉ for Peru.

On the northern bank of the Plata the Portuguese had founded the Colonia del Sacramento (1686), with a view to competing with the Spanish ports. The Spaniards seized this place once in 1724 and again in 1766; they founded Montevideo in 1726. The quarrel between the two colonies was only terminated by the Treaty of Madrid in 1750.

In 1748 Spain somewhat abated the severity of her laws. In 1776 she freed the Argentine from the overlordship of Peru, by creating the viceroyalty of La Plata, with Buenos Ayres as capital. The population, which before this change was only 37,000, rose to over 400,000 in a quarter of a century. In 1780 was founded the colony of Carmen, the first Patagonian settlement, the shores of Patagonia having been first explored by the Jesuit Quiroga in 1746.

During the wars of the Empire the English seized Buenos Ayres by surprise, but were expelled by a Frenchman, Jacques de Liniers, whom the inhabitants had appointed viceroy.

The colonial period ended in 1810.

Such were the origins of the Argentine; a time of difficulties and impediments; but in that period were laid the foundations on which the Argentine civilisation reposes.

The second period is that of the formation of the Republican State.

The first part of this period, that of the deliverance from Spain, opens with the memorable day of the 25th of May 1810, when liberty was peacefully proclaimed at Buenos Ayres. The revolution spread to CÓrdoba and to Tucuman; it failed in Upper Peru, owing to the reverse of GoyenÈche in 1811, and in Paraguay, where the capitulation of Tacuary took place in the same year. Belgrano, one of the heroes of the War of Independence, renewed the offensive and once more invaded Upper Peru—this time victoriously; but the Argentine troops were definitely driven from the country after the battles of Vilcuapujio (1813), and SipÉ-Sipe (1816). On the east coast the capitulation of Montevideo in 1814 put an end to the Spanish domination. On the west the brilliant expedition of General San Martin, who crossed the Andes, freed Chili, and struck the decisive blow by the capture of Lima (1817-1821). The victory of General Sucre at Ayacucho (1824) terminated the struggle. Argentine territory had already been seven years free from the Spanish troops.

The second part of this period, that of political construction, was longer, far more laborious, and still more bloody. Questions of race and party divided the inhabitants. Guachos of the Pampa, Creoles[3] and pure Spaniards, Federals and Unitarians, disputed the power, while on the frontiers of the Republic the Indians continued to disturb and alarm the new State. Provinces seceded; many constitutions were drafted. In spite of his talent as a statesman, Rivadavia was unable to obtain the universal acceptance of the Unionist Constitution of 24th December 1826.

[3] This word is here used to denote mixed blood; in its proper use it denotes a person of Latin blood born in tropical or semi-tropical America.—[Trans.]

A war against Brazil, of which the notable fact was the victory of Ituzaingo (1827), resulted in the recognition of Uruguay as a free state.

The civil war broke out anew several times. The military leader of the Buenos Ayres Federals, General Rosas, seized upon the dictatorship in a time of disorder, exercising it not without intelligence, but with a cruel despotism, and he carried on a long war against Montevideo, which lasted until General Urquiza, of the Union party (with Brazil and Uruguay as allies) delivered his country by the victory of Caseros (1852). The Constitution of the Argentine Republic was voted on 25th May 1853; but the end of the civil war and the definite reunion of Buenos Ayres to the other Provinces did not take place until 1860, the year of the revision of the Constitution.

War and confusion are not usually propitious to progress. However, the population in 1861 was estimated approximately at 1,375,000; it had increased to almost five times what it was at the beginning of the century.

Buenos Ayres became definitely the capital of the Republic in 1882, upon ceasing to be the capital of the State of Buenos Ayres.

The third period is that of economic development. This is the period of which our authors write. We may mention it as beginning with the re-entrance of Buenos Ayres into the Argentine Concert, and the revision of the Constitution of October 1860. If it has not been free from political agitations and international misunderstandings, it has none the less been more pacific than the preceding periods, and industry has enjoyed a security which in former years was only too often disturbed by the regulations of colonial trade, the attacks of the Indians, the civil wars, and the Separatist policy. But there were still for twelve years intestine troubles and dissensions.

It was only in 1882 that the political organisation was completely constituted, when Buenos Ayres became the Federal capital; for from 1865 to 1870 the Argentine was forced to wage war against Paraguay, when it struggled, in concert with Brazil, against the despotism of Lopez. The Treaty of the 3rd of February 1876 gave it the greater Chaco as far as Pilcomayo. The Chaco is pacified; matters are not the same now as when, in 1881, Crevaux was assassinated there by the Tobas. General Riva effected the Argentine conquest of Patagonia (1879-1880), and the Indians, feared so long by the planters, were driven across the Andes.

In 1895 the difference which had arisen between the Argentine and Brazil, with reference to the MisionÈs frontier, was settled by arbitration. By the Treaty of 23rd July 1881 was terminated a long quarrel with Chili in relation to Patagonia; the Argentine obtained possession of the country as far as the line made by the Cordilleras and a portion of Tierra del Fuego. Arbitration also, in November 1902, settled the difference with Chili, no less irritating and of equally long standing, concerning, the frontiers of the Andes. No more serious causes of quarrel between the Argentine and its neighbours remain.


The period of economic development is as yet of only fifty years’ duration: it is far from having reached the limit of its evolution; but we may judge of the amplitude which that evolution has already attained by means of statistics,[4] and by them we may foretell what the future holds in promise.

[4] The more recent figures cited in this Preface are taken, for the most part, from The Statesman’s Year-Book.

The population, estimated in 1861 as being 1,375,000, had by 1907 increased to 6,210,000. Immigration, varying from one period to another according to the economic condition of the European nations and the Argentine Republic, reached an annual average of 13,400 from 1860 to 1869: between 1903 and 1908 it amounted to 211,000 (emigration not being deducted.)[5]

[5] This emigration amounted to an animal average of 93,000 between 1903-1907; but the deduction was not made in the years 1860-1869. In 1907 there were 209,000 immigrants and 90,000 emigrants.

The area cultivated in 1895, the date of the first serious estimate, was 5,256,160 acres, of which 2,013,000 acres were under wheat;[6] in 1909 34·6 million acres were cultivated, of which 14·8 millions were in wheat. These 34·6 millions are only a small fraction of the 256 million acres which the Argentine appears to contain.

[6] The cultivated area was estimated at 849,000 acres in 1872.

The grain harvest, estimated in 1878-1881 at barely 400,000 tons, exceeded a million tons in 1895, and in 1907-1908 amounted to 5,523,900 tons, or 204,384,000 bushels.

Although the bovine and ovine races have not greatly increased in numbers for the last twenty years, on account of the transformations effected by agriculture,[7] the exportation of wool, which was 660,000 quintals in 1869-1870, was nearly 2,000,000 in 1905, and it still amounted to 11/2 millions in 1907; the exportation of beef, reckoned in carcasses, was more than 60,000 head in 1900 and 463,000 in 1907.

[7] In 1875 an approximate estimate gave 131/2 millions of horned cattle and 571/2 millions of sheep; in 1907 the figures amounted to 25,844,000 and 77,580,000.

The first section of railroad was constructed in 1857. In 1865 the Republic possessed only 154 miles of railroad; in 1908 there were 14,643 miles.

In 1865, the first year of which we have commercial statistics, the foreign trade amounted to £11,300,000; in 1907, it reached £113,000,000, and in 1908 £127,600,000. For several years there has been a very large excess of exports over imports; in 1908 it would seem to have exceeded £20,000,000.

These figures, to which our authors have added many others, are eloquent. They tell us that man, whose labour creates wealth, is four and a half times more numerous upon Argentine soil than he was forty-six years ago; that immigration each year increases the number of workers; that cultivated soil, the chief instrument of wealth in an agricultural country, has an area nearly seven times greater than that of fourteen years ago; that wheat, the principal vegetable product of that soil, now yields harvests thirteen times more abundant than those of thirty years ago; that the products of stock-raising have, on the whole, greatly increased, despite the arrested development of certain forms of production; that the railways—the means of transport of man and his produce, which did not exist half a century since—now cover the land with a network of increasing fineness, and are placing the Argentine in the first rank of the nations in respect of the mileage of railroad per inhabitant; that foreign trade, which is one of the most characteristic forms of popular activity, and that commonly mentioned in illustrating a state’s power of expansion, has multiplied itself ten times since 1865.

These figures, taken together, form a picture which is not only encouraging, but extremely flattering to the pride of the Argentine people.

But the picture is not without shadows. The Indians to-day amount only to thirty thousand in numbers; the Guachos are gradually disappearing before the agricultural settler; and the political and moral unity of the country is not yet fully accomplished. The Argentine, like most of the Latin-American republics, has given itself a Constitution based upon that of the United States; but the populations of its Provinces had not the spiritual cohesion exhibited by the British Colonies, and above all by New England, which qualities set the seal on religious faith and the love of liberty. European immigration has brought us composite elements which are not yet amalgamated. Nearly all immigrants have come to make money: the majority are indifferent to public affairs, as we see on election days. Others are only too inclined to attach themselves to coteries, to cliques. In the relations between the local governments and the central Government, the subordination of the former is more remarkable than the harmony of their mutual relations. The planters, intoxicated by their good fortune, are not always so prudent as to regulate their undertakings by their resources.

When in 1890 I wrote an Introduction to M. Latzina’s book, the Argentine was in the full swing of speculation, and apparently saw no limits to its development. “The Argentines,” I said, “resemble an enterprising merchant, who, having opened shop in a well-frequented street, and having borrowed money in order to start with a luxurious establishment, finds himself greatly embarrassed for years, although his business prospers, because his advances and his engagements are larger than his takings. It is desirable that this spirit of enterprise should be fed, so to speak, on diet, or at least, according to regimen; and on such conditions equilibrium would be re-established.” Indeed, it then seemed that a crisis must occur; and it came, a few months later. It was very long and very severe; the Argentine learned what it meant to lose its credit, and for twelve years it suffered the disadvantages of a depreciated paper currency.

The country recovered, and speculation rapidly received fresh impetus. Thanks to the excess of exports, gold became plentiful; it is no longer at a premium; if interest—which has decreased—still maintains itself at about 6 per cent., it is because there is a great demand for capital. The budgets still increase at a pace to alarm a prudent financier, in spite of increased receipts. “If the Argentine does not wish to compromise its lofty destinies,” say the authors of the present volume, “it is essential that it should maintain an economical administration, careful of the public moneys, yet open to all material progress. By so doing, it will inspire confidence in men and in capital: the two elements which it must still increase in order to become a great nation.”


To the population born on Argentine soil were added, between 1857 and 1908, 3,338,000 immigrants of various nationality;[8] 1,706,000 Italians, 670,000 Spaniards, 201,000 French and Belgians, 100,000 Austro-Hungarians or Germans, and 41,000 English. Thus the Latin races are greatly in the ascendant: a fact which facilitates assimilation.

[8] On the other hand, 1,322,000 persons emigrated. The census of 1895 gave 886,000 foreigners not naturalised, of whom 493,000 were Italians, 199,000 Spaniards, 94,000 French, etc. To-day immigration consists especially of Italians (127,578 in 1906), Spaniards (79,287), Russians (17,434), Syrians (7677), Austrians (4277), French (3698), etc.

The Government should preoccupy itself largely with this matter of assimilation: for the process is not complete. There are two effectual means which it might employ, among others, in order to assimilate its new recruits: ownership of the soil and education.

These two means have produced marvellous effects in the United States. The Homestead Law of the 20th of May 1862 gave to every American over twenty-one years of age, and to every person having declared, conformably with the law, his intention of becoming a citizen, the right to occupy gratuitously 160 acres of surveyed lands, or 80 acres only in districts more advantageously situated: if the holder, after five years of residence, has cultivated a portion of his holding, the full title is finally granted. For such purpose the public lands have been surveyed and divided into lots by the Government. The Government also sells public lands by auction or treaty. Up to the month of July 1905, it had thus alienated a total of 808,000,000 acres; which explains how millions of families—Irish, German, Scandinavian and others—have been more or less definitely settled on the soil of that which was already or which has since then become their native land. Here is an example the Argentine Government would do well to follow.

Education exercises an influence of another kind, which is no less efficacious. The Americans of the United States are well aware of this, and this is why they attach such importance to the upkeep of the “common schools” and the attendance of the pupils. The children of foreign parents become Americanised in class and during play by contact with young Americans. The English tongue becomes their own language; their manners of thought and their habits are modelled on those of their comrades, whom they are unconsciously proud to imitate. If the immigrant family does not forget the memories of its old home, at least its offspring, from the second generation, are rooted in the American soil and have American minds.

The Argentine Government must endeavour to obtain a like result. For a long period primary instruction was in an extremely neglected state in the Argentine Republic. However, the Constitution obliged the Provinces to secure such instruction, the Federal Government to assist by finding a third of the expense of the first installation of the schools. But in spite of the Constitution, in 1874 there were only 1830 primary schools and 112,000 pupils. Progress has been accomplished: in 1905 there were 5250 schools, 14,118 teachers, male and female, and 544,000 pupils. But as the population between the ages of six and fourteen had increased to 827,000, only 65 per cent. of the children were attending school, and only one child in three was able to read and write. This is a state of things that must be changed.

Secondary education, as far as numbers go, is in no better case; there are sixteen “colleges,” with 4100 pupils. The State Universities of Buenos Ayres and CÓrdoba and the three provincial Universities of La Plata, Santa FÉ and Parana, with 3000 students, are relatively better.[9]

[9] The writer does not give the statistics of those who go abroad to study; the number is, of course, very considerable, especially of those who go to Paris.—[Trans.]

The three orders of instruction ought to work together to form a national spirit and a moral unity; but the Government should not forget that primary instruction is the basis, and that it is the only kind of instruction that can be bestowed upon each generation in its entirety, and that the children of each generation should be taught at an early age not only the ideas necessary to the life of the individual, but also, by means of the elements of national history, ethics, and applied science, the knowledge and love of their native country.

The Argentine Republic as yet counts few men to whom the exigencies of life leave leisure to consecrate themselves entirely to letters or the sciences. It has some distinguished writers, but they usually find a recompense for their talent in the public press; for in Buenos Ayres more than 200 journals are published. Men write as hurriedly as they act. It is to be hoped that before long, with the increase of wealth, there will arise men of science, who will find no lack of material in the country, and men of letters, historians, novelists, sociologists, etc., who will also never lack for matter in this busy, humming hive. Such men are necessary, because their life-work goes far to make up the intellectual capital of a nation, and even to form nationality itself.


In my introduction to M. Latzina’s book, I glanced at the whole continent of South America, and I remarked that civilisation had scarcely penetrated the interior of this vast continent; that the density of its population was extremely low; that the economic, intellectual and political life of the continent was concentrated, if I may so use the word, upon its periphery; that is to say, upon the shores which are in touch, through navigation, with the rest of the world; that the Argentine Republic formed the southern portion of this belt connecting Uruguay and Chili; that this belt is wider where the penetration of the interior is easier and the climate more favourable. This belt has also been widened in Southern Brazil by the construction of railroads. It is still wider in the Argentine, because the network of railways is more widely distributed, the soil is of even quality and cultivable, and the climate temperate and favourable to expansion.

For the purposes of this present Introduction, let us imagine a vaster area—the whole earth, or, at least, the three inhabited zones of the earth.

The torrid zone contains nearly a third of the land surface of the earth, and only a quarter of its population; the density of population is thus below the average. Original civilisations have existed in the torrid zone—for example, Mexico and Peru before the arrival of Europeans—but these existed on higher plateaus where the climate was not tropical. There were civilisations in India and the East Indies, but these were imported from the valley of the Ganges. There are to-day intertropical countries which exhibit an active economic life: India, Mexico, the Antilles and the seaboard of Brazil. Nevertheless, in the greater part of the torrid zone it would seem that the continuous high temperature saps human energy, and also renders it to a great extent unnecessary, by simplifying life, reducing as it does the number of man’s essential needs by facilitating the satisfaction of those which are, like alimentation, strictly necessary.

The temperate zone of the north is the most favoured of all these. It contains nearly half the land surface of the globe. It is also the most populated, and the average density of population is far higher, for it contains about 1,207,000,000 inhabitants, or roughly speaking, three-quarters of the population of the globe. Here it is that we find massed the four great sources of the ancient and modern civilisation of the world, which also correspond to the four great groups of mankind; China with Japan; India, with the Deccan running down to the torrid zone; Europe, and the United States and Eastern Canada. In the three first centres the density of population is far greater than in any other large country. In the fourth, the number of human beings (some 94 millions) and the density are far less; but this centre has become one of the most important, by means of its activity of production.

There remains the temperate zone of the south. In this zone, the ocean occupies relatively the largest space. The land emerges from it only at the termination of three continents—America, Africa, and Australia, terminated by Tasmania and New Zealand. Before the arrival of Europeans, each of these divisions was absolutely isolated, without any relations with the others, and inhabited by races entirely savage. The coming of the Europeans who peopled them, and the maritime commerce which ensued, have awakened them to civilisation. In the case of America, we have seen that free colonisation was not commenced until the nineteenth century. In Africa, at the opening of the nineteenth century, there were only a few ports occupied, and Australia was still practically untouched. To-day, in the temperate zone of the south, which comprises only a twelfth part of the land surface of the globe, there are 24 millions of inhabitants, nearly all civilised and of European descent. This population amounts to 1·5 per cent. of that of the globe; its density, therefore, is below the average.

It is, however, the zone in which the population has relatively increased most rapidly since the beginning of the nineteenth century, for at the outset it certainly did not count a million inhabitants. The Australian and African divisions have owed their good fortune to gold, and in a lesser degree to wool; but gold mines are a source of wealth which is exhausted by exploitation. In Australia, where the extent of arable lands is limited, immigration has at present practically ceased. In Africa the soil is little suited to culture, and immigration to the Transvaal has been recruited rather among Asiatic coolies than among free workers of European race.

In this southern temperate zone, the Argentine Republic is the State which has the most numerous population: that in which the population has known the greatest increase, and in which economic conditions promise the widest development in the near future. The perfecting of refrigerating processes will certainly facilitate the exportation of meats, and it is to be hoped that the interests of trade, under the necessities of the food supply of the labouring classes, will finally overcome the obstacles which the European producers oppose in the way of imports. The demand for wheat, like the demand for meat, may vary according to the year and the protective legislation of the nations; but in general we may say that it will increase rather than decrease, because the population of Europe, and especially of Central and Western Europe, is for ever increasing in numbers and in density, so that already it cannot suffice to itself by producing its alimentary needs from its own soil, and in proportion as it becomes wealthier it will consume more white bread and more butchers’ meat. The United States and Canada continue to export wheat; but the rapid increase of the urban and industrial population of the United States will assuredly limit this exportation to a very great extent in the twentieth century.[10]

[10] The consumption of wheat in the United States averaged 200 million bushels between 1871 and 1875, and 531 million between 1903 and 1907. The exportation averaged 62 million bushels between 1871 and 1875, and 122 million between 1903 and 1907.

The Argentine Republic, where the harvest is due in January, so that its wheat arrives in the European markets by March, is the country destined to profit the most by these advantages. It must learn how to make use of them wisely, practising a policy of peace and concord, increasing its powers of stability by the development of the sentiment of nationality, and by inspiring confidence both in foreign capitalists and in immigrants by accumulating capital of its own, and by learning to retain, in spite of success, the foresight which warns of perils and the prudence which avoids them.

E. LEVASSEUR,
Member of the Institute,
Administrator of the College of France.

                                                                                                                                                                                                                                                                                                           

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