An impartial examination of these circumstances raises the question as to how, without some changes in the directions pointed to, the United States may hope to share with Europe, on anything like equal terms, the profitable and ever-growing trade of the Argentine Republic? To sum up the situation, it may be asked, in what way can the United States equalize the advantages which Europe offers to the Argentine Republic by way of the purchase of her products, the large and constant supply of capital and the labor of its emigrants? There are many articles of merchandise and items of machinery in regard to which Europe cannot successfully compete with the United States, notwithstanding the greater facilities for transportation; but there are also numberless articles of American production which could find a ready market in Argentine if the surrounding conditions approached a greater measure of equality.
An analysis of the figures of the foreign trade of the Argentine Republic for the past twenty years establishes the fact that the United States is in a position to successfully compete with Europe in many lines far beyond the limits already reached; and there is certainly no lack of effort or inclination on the part of American manufacturers to enter into such competition. It is therefore reasonable to assume that there are other causes operating to check a growth in the volume of American trade with the Argentine Republic.
There are no laws in the Argentine Republic, either of a fiscal or domestic nature, which are calculated to affect ruling market prices, or which admit of inequality of treatment. Tariffs are based upon a reciprocal policy, the tariff laws of the Argentine Republic being so framed as to permit the Executive to relax and reduce in favor of those countries which accord similar treatment to her national products. Credits are intrinsically sound and in ordinary periods are usually regulated with foreign countries by purchase at ninety, or one hundred-and-twenty days' sight drafts. In the discussion of this point it may also be urged that the statements so generally made in regard to the alleged long credit demanded by Argentine buyers owe their origin to the conditions prevailing in regard to shipping matters in days gone by, when the steamship services between North and South America were more irregular and far less rapid than is the case to-day. It was no fault of the Argentine importer that merchandise was frequently tied up for weeks together in an American port and that the trip took much longer than it now does. Yet, those delays caused the exporter to wait weeks and frequently months longer than was necessary to receive his money. Hence, the currency of the statement that long credit is an indispensable condition to trading with Argentine. At the present moment the Argentine Republic is gradually recovering from the effects of a financial and commercial crisis brought about through conditions which it had no power to change; and, in order to secure immediate results, it may be necessary at the present time to extend the customary terms of credit, but this may be done with perfect safety and with commensurate profit if the exporter avails himself of the services created by the National City Bank of New York and others for the investigation of prospective buyers.
Irrespective, however, of all other conditions, satisfactory banking and shipping facilities are essential requirements of an extended commerce between the United States and the Argentine Republic. The establishment of an American bank has paved the way for the removal of many of the difficulties hitherto imposed on the American exporter, but there still remains the important question of ocean transport. The service of steamships now in regular operation between North and South American ports is wholly inadequate to support a rapidly developing trade unless the ships now running are substituted by vessels of adequate speed and capacity. To secure this object some provision would have to be made to cover the increased cost of construction and of operation of the larger vessels and also to overcome the difficulty of return cargoes. Practically all of the European steamships trading with South America carry full return cargoes, but owing to the reasons already given and principally because of the fact that the shipments from Argentina to the United States are at present limited to a small number of products, the services established between North and South America cannot compete in the matter of freight until they are placed on a similar footing as the European lines in regard to return cargoes, which, under existing conditions, are unavailable and must remain so until either the laws or the needs of the United States will permit of larger and more general imports from the Argentine Republic.
The figures already given in the relation to the trade of the United States with the Argentine Republic show a considerable balance, almost amounting to forty per cent in favor of the former. Now let us see what are the proportions of Argentine trade with some of the countries of Europe. Argentine imports from the United Kingdom in 1912 amounted to $118,669,226, and her exports to $121,373,858. In the same year her exports to Germany amounted to $53,995,175, and her imports to $63,941,503. To France the exports were valued at $36,052,009, and her imports $37,618,578. To Belgium her exports totalled $37,258,225, and her imports $20,370,530. These figures speak for themselves and taken in conjunction with the other solid inducements offered by the countries of Europe in return for the benefits of a larger trade with the Argentine Republic, should form a subject for serious consideration in the effort to secure for the United States a proportionate share of Argentine commerce.
THE CITY OF BUENOS AIRES
Favored by nature and by the conditions under which it was founded, the City of Buenos Aires from its earliest days has been endowed with elements which have considerably influenced the vast growth and development that have made it the leading Latin city of the new world. Situated on the banks of the River Plate and at the gateway of the Atlantic, nature has largely contributed towards making it a great commercial centre. At the time of its foundation, it attracted but few of the adventurers, who, in their quest of gold, migrated to other parts of South America, the wealth of the soil and the abundance of the flocks and herds having brought to its shores a less turbulent and more laborious class of immigrants who sought a new home and a new outlet for their activities in the "City of Good Airs." The pure European origin and the commercial spirit of the new inhabitants soon produced changes in pre-existing conditions and in marking out the path for the present Argentine metropolis to become the hub of South America. Founded in 1535 by Pedro de Mendoza, and subsequently destroyed and twice depopulated, the modern rise of the capital of what is now the Argentine Republic may be said to date from 1824, after the formulation of the Monroe Doctrine and the recognition of the independence of the people of Buenos Aires by the United States and Great Britain. At about that time efforts were initiated to provide the means of facilitating the transport of its products to foreign markets and in order to establish the necessary facilities for that purpose, Buenos Aires raised (in England) its first loan of $5,000,000. To that comparatively small financial transaction may be traced the reasons for the enormous investment of foreign capital—chiefly British—which has since enabled the country to serve humanity by the increasing development of its numerous sources of wealth. Following this preliminary introduction of foreign capital, there was established a regular line of sailing packets between Buenos Aires and Montevideo and, later, a line of steamers between Buenos Aires and Rio de Janeiro, which progressive measures were added to an official bank and, within the next thirty years, a line of railway extending in a westerly direction from the capital.
These were the beginnings of the evolution of modern Buenos Aires, which now properly ranks as the second Latin city of the world. Nor is it by any means alone to material progress that the City of Buenos Aires owes its present proud position. The spirit and qualities of its early founders are manifested to-day in the outward expression of all the attributes of a highly civilized and enlightened community. The architecture and adornments of the city, the culture, education and manners of the inhabitants, their inborn courtesy and generous instincts combine to explain the admiration which all who visit the city never fail to entertain and express. The cosmopolitan character of the population, the palatial residences—the broad and spacious avenues, museums, libraries, art galleries and other unmistakable signs of the high degree of culture of the citizens, fully justify the description of Buenos Aires as the Paris of the western hemisphere.
Originally built up on Spanish lines of single-story houses and narrow streets, the mason has been superseded by the architect and many of the old narrow thoroughfares by wide and beautiful avenues intersecting the central portions of the city. The domestic architecture of the time of Rozas was gradually succeeded by the introduction of the architectural beauty of the period of the Renaissance and subsequently by the various Grecian orders, culminating in the advent of European architects and artists who evolved many unique and distinct styles which are to-day illustrated in a number of the imposing and artistic edifices that adorn the city and, with the surrounding parks, trees, gardens, flowerbeds and running waters, both in the centre and in the suburbs, reveal a panorama of unsurpassing beauty. Many of the ancient houses with flat roofs and severely simple facades have been substituted by highly ornamented dwellings of two, three, or more stories; and, with a desire to add to the embellishment of the city, the Municipality offers a gold medal and a diploma to the architect, and an immunity from payment of the building tax to the owner, of the building for the most artistic façade, the jury being composed of representatives of different bodies exercising authority in relation to such matters as architecture, surveys, public works, engineering and fine arts. By the employment of these methods, Buenos Aires, in recent years, has made notable advance in architecture, not only in regard to private dwellings, but also in its public buildings and the unquestionable increase in number and quality of the monuments, statues, and sculptural groups dotted over every part of the city. During the last twenty years there have been constructed new avenues and thoroughfares of great width and length lined by handsome buildings, paved with asphalt and lighted with huge electric globes, whilst the Municipality has spared no expense in widening many existing streets to meet the growing demands of the population and to give more light and air to quarters of the city which are densely inhabited.
The æsthetic side of the city of Buenos Aires is to be found in its splendid museums, art galleries and public and private libraries, of which there are many of unquestionable merit. Amongst these, special mention should be made of the Natural History Museum, which is of great interest from the point of view of educational value and intellectual progress. The Zoological, Botanical, Mineral, Archeological and Ethnographical specimens, numbering many thousands, have been classified on a scientific basis by eminent authorities over a period of many years and form a collection of objects and curiosities of nature unexcelled for their variety and interest. The National Historical Museum possesses a collection of historic trophies and works, manuscripts, ancient coins and other objects, over 4,000 in number. Here are also halls and galleries, containing portraits of the Viceroys, pictures of naval and military battles, trophies of the war with Great Britain, the room in which San Martin lived and died, furniture, uniforms, arms, decorations and a variety of other articles of great historic interest. On the same order and limited to its expressed purpose, there is a Museum of Arms which contains a collection of weapons with records of their authenticity attached. In this collection there are many specimens of rare weapons and accoutrements of different periods ranging from the fourteenth to the eighteenth centuries. There are, besides, many flags and other articles associated with the wars of different periods. Of much more recent date and, perhaps, also of greater practical interest, is the Natural Agricultural Museum, the objects of which are to promote the knowledge of agriculture by instructive exhibits and to demonstrate the measures best adapted to the scientific methods of cultivation and to overcome the natural drawbacks besetting that branch of national industry. The collection comprises upwards of twenty thousand specimens of agricultural products of every description as well as statistics and information pertaining to rural economy.