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The Argentine as a Market

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Author: N. L. Watson
Published: 1908
Language: English
Wordcount: 16,237 / 61 pg
Flesch-Kincaid Reading Ease: 45.3
Downloads: 443
Added to site: 2015.02.20
mnybks.net#: 31975
Genre: Non-fiction
Excerpt

customers, as well as for the true needs of the country. Railway affairs centre in River Plate House, and any attempt on the part of outsiders to establish themselves in the Argentine is viewed with great suspicion by the financial ring that rules there. Concessions put forward have been blocked times out of number by the influence which the ring could exert in Congress. If by any chance--and this has been more frequent of late--the concessions have been secured in spite of its opposition, every obstacle is placed in the way of raising the requisite capital in London--opposition which the ring is in a peculiar position to make effective. Only recently a very sound project was floated with the greatest difficulty, even the debentures failing to realise more than 90 per cent., because one of the existing lines considered the proposal a trespass on its especial preserves. Moreover, there seems to be every reason to anticipate the rapid failure of the new line owing to the rate war which the existing one will und

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