[13]. Professor Green says that he found one of these tree cottons in Rio Grande do Norte, of the Mocó variety, sixteen years old and still yielding beautiful cotton.

[14]. In 1915 Brazil imported 805,000 barrels of American flour, 56% of the total and 605,000 barrels from the Argentine, or 41%, the remaining 4% coming from Uruguay; at the same time she imported 14,000,000 bushels of wheat, of which nearly 12,000,000 came from Argentina and about 2,000,000 from the United States. This wheat, at five bushels to the barrel, made another 2,750,000 barrels of flour, and the total Brazilian consumption may be reckoned at about 4,200,000 barrels of wheat-flour of foreign, plus 407,000 of native, origin. The c. i. f. price of United States flour in Brazil in 1915 averaged $7.49 a barrel, while Argentine was able to deliver hers, c. i. f., for $5.28.

[15]. Dr. Costa Pinto reckons over 58,500 tons; he counts 49,648 looms and 1,464,218 spindles, each spindle taking 40 kilos of cotton annually.

[16]. Bertholettia excelsa.

[17]. Refusal to accept its own paper would of course have had the immediate effect of dangerously depressing all Government issues.

[18]. There are in existence small copper coins, relics of the day long past when less than a hundred reis would buy something, but they are not in circulation because they have no purchasing power. The post office sometimes presents them as change for some fraction of 100 reis, and the recipient usually puts them into the hand of the first mendicante encountered outside.

[19]. Since 1916 half a dozen Federal or State loans have been made to Brazil, successfully floated by New York financial houses.

[20]. Brazil Railways securities are listed in dollars because the company which bought up or leased a number of European-constructed enterprises, was, although financed entirely with French, Belgian and British money, registered in the State of Maine.

[21]. Five years.