The opportunity for investments for persons with capital is evidently large. A great deal of money is necessary for stock raising, though less in the far south. Agriculture, especially the raising of cotton, rice, or tobacco might be attractive; the sugar industry may be extended. Factories of various kind may be established by experts. Persons speaking Spanish fluently, capable of acting as foremen or superintendents of establishments of various kinds, might find employment. The minerals with the exception of petroleum are less accessible than in some other countries. An American department store in Buenos Aires is desirable, and one might succeed in Rosario.

CHAPTER XXXVIII
PARAGUAY: AREA, HISTORY, GOVERNMENT, POPULATION, ETC.

Paraguay has been called the most romantic of all the South American countries, from the point of view of nature and history both. It is a land of “dolce far niente” so far as agreeableness is concerned, a land where nature is lavish and necessities are few; on the other hand a region where the climate is not enervating, where energetic action and enterprise are not altogether lacking, and where these find ample reward. One of the two inland countries of the continent, having always been such, she has no grievance on this account. In fact, being in the heart of South America and almost surrounded by rivers, Paraguay has in many ways a most favorable location for inland commerce, which will surely bring her prosperity.

Area, Population, Boundary

Area. Paraguay, generally called eighth in size of the South American Republics, has an area of about 165,000 square miles, more or less, according to the determination of the boundary dispute with Bolivia. One hundred and ninety-six thousand miles is claimed by the Paraguay Government. The more settled part of the country east of the Paraguay River covers about 65,000 square miles; the section west, which on most maps is given to Paraguay, though claimed by Bolivia, is more uncertain in area, but may have 100,000 or more square miles. With the other neighboring countries the boundaries have been definitely determined.

Population. As in several other countries, the population of Paraguay can be estimated only, since no exact census has ever been taken. Approximate figures given by different writers are 800,000-1,100,000.

Boundary. Paraguay has Brazil on the north and east; Argentina, too, is east, is exclusively on the south, and partly on the west; while Bolivia is west and north of the Chaco, the dividing line being uncertain.

The greater part of the way rivers form the boundary line. The Paraná separates Paraguay proper from Argentina on the south, and on the east as far as the Iguassú River; north of the latter river Brazil is on the opposite shore of the Paraná to beyond the Sete Quedas, or Falls of La Guayra (higher up the Paraná is wholly in Brazil); the boundary line then goes west and north along the watershed to the source of a branch of the Rio Apá, which with that river it follows west down to the Paraguay. Above the point of junction the Paraguay River has Brazil on the east bank and for some distance the Paraguayan Chaco on the west. Below the Apá, the Paraguay divides the country into sections, as far as the Pilcomayo River, on the southwest of which is Argentina. Below, along the Paraguay River to the Alto Paraná, Argentina is on the west. The Chaco section may be said at present to be in the practical possession of Paraguay, so far as it is occupied by any one except savages.

History

It seems extraordinary that here in the centre of the South American continent, 1000 miles from the sea, is one of the oldest cities, the capital of the Republic, Asunción, founded a full century earlier than Providence (1636), and 85 years before the landing of the Pilgrims at Plymouth. Juan de Ayolas, sent by Pedro de Mendoza after the first settlement at Buenos Aires (not long after destroyed), in 1536 established here a colony; then sailing up the river to a place he called Candelaria, with a few followers he boldly struck off through the forest towards Peru. Irala, left behind to await his return, proved faithful; but after long waiting in vain, being obliged twice to go to Asunción for provisions, he learned at last that Ayolas, after a successful journey to Alto Peru, had arrived in his absence and had then been slaughtered by savages: a tragic sequel of heroism, fitly to be compared to that of Captain Scott, his achievement of the South Pole, followed by the disastrous return journey.