| Show IN SOUTH AMERICA tem south american continent has baa langbeen long been noted for the tendency of the inhabitants inh abitante of most moet of the countries countr iee upon it to indulge in insurrections and revolutions A war of this character to ia now in progress in chill and there la Is no tolling telling what conspiracies of a political character promising war may be afoot but convulsions of a sort quite different from the carnal warfare of which south american nations have seen so much have recently taken place in some of them financial crashes are here referred to in the argentine republic these theme were especially extensive and disastrous last year it was owing to the panic in that country that baring brothers of london failed thereby precipitating a monetary stringency in england that extended to the united states f 1 1 l enormous sums of english capital have been invested in south america within the last few years especially in the argentine Argent lRe republic and brazil the great financial panic in the former has not noi put a stop to th boom in the latter country which to is a favorite field atthe at the present time for foreign investors and speculators railways are am being built and other similar improvements prove ments menta are being made necessitating the expenditure of vast sums of money and brazil is consequently advancing rapidly in development as a civilized nation natien the railroads and other permanent improvements in south america which are being brought into existence by foreign capital will remain even though financial storms do sweep over the country and wreck their promoters such improvements and the development of natural resources which result from them are great aids to civilization and can scarcely fail in impressing the fact upon the minds of the people among whom they are inaugurated the necessity of imparting stability to their institutions of government thus the wealth of the old world is being so used as to aid in promoting civilization in that portion of the new which blands in greatest need of help of that kind and the resu ts in this direction more than onset offset the losses looses consequent nt upon overdoing the field of investment |
