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Argentina
Author(s): Joseph Wheless
Source: The Annals of the American Academy of Political and Social Science, Vol. 68,
America's Changing Investment Market (Nov., 1916), pp. 165-167
Published by: Sage Publications, Inc. in association with the American Academy of
Political and Social Science
Stable URL: http://www.jstor.org/stable/1013072
Accessed: 18-07-2017 11:42 UTC
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NEEDS FOR CAPITAL IN LATIN AMERICA 165
ARGENTINA
BY JOSEPH WHELESS,
Attorney at Law, St. Louis, Mo.
These constant deficits have always been met by new loans and
by a continued increase in the scope and rate of taxation. Argentine
foreign loans have mostly been floated in England, with a couple of
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166 THE ANNALS OF THE AMERICAN ACADEMY
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NEEDS FOR CAPITAL IN LATIN AMERICA 167
of all
all classes
classes of
of manufactured
manufacturednecessaries,
necessaries,asaswell
wellasas
for
for the
the develop-
develop-
ment
ment ofof such
such asas now
now exist
existin
inthe
thecountry.
country.As Aspart
part ofof
thetheindustrial
industrial
development
development of of the
the country,
country,will
willbe
bethe
theneed
needforfora great
a great extension
extension
of the
the telegraph
telegraph and and telephone
telephonesystems,
systems,requiring
requiring heavy
heavy investments
investments
of capital.
capital.
In a word,
word, thethe Argentine
Argentineisisan analmost
almostvirgin
virginfield
fieldfor
for the
theem-
em-
ployment
ployment of of capital,
capital, and
andgreat
greatare
arethe
therewards
rewardsawaiting
awaiting American
American
enterprise
enterprise and
and industry
industryin inhelping
helpingArgentina
Argentinatotorealize
realizeher
her destiny
destiny
as the foremost of South American States.
BOLIVIA
BY J. C. LUITWEILER,
Foreign Trade Department, National City Bank, New York.
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