OCR Text |
Show ARGENTINA'S ENTERPRISE. The Argentine republic, like the United States, was without a merchant marine when the war broke out, and has suffered serious trade incon veniences as a result. The South American Amer-ican republic lias resolved to be no longer nt. the mercy of foreign shipowners, ship-owners, and iH making arrangements, with the financial backing of the Na tionul City Punk of New York, to build a fb'et of ten ste-d mei cha nt men at a cost, of $L'.".i,(t,"tiii. The I'.iMhlchem Steel eompany will probably seeijm the contract for these vessels, which are In cmbodc the latent a-di i eve men I s in marine ma-rine engineering and are to be of the merchant, troop ship type, convertible in case of war into mililurv transports. H !h naid t hey are prima i i ly i nt ended for I rude liet w ecu this country a nd A rue nt ilia. This may be t a kin as an . indication t hat t hose w ho con t ml 1 he destinies nf Argentina look forward to lie development id" a urea t t rade be tweeu the Unit-d States ,nd their own iMHinlry, and Ihey are e'u:nble foi de-si de-si r in y to t ra import jis much of the a rious products as possible in their own bottoms. K i.lint ly their will be no lack of mere ha lit vessels once the war is ended. |