28 



ARGENTINE REPUBLIC. 



sities of life, and as they grow their own food can 

 derote the proceeds <>! their crop to paying the 

 installments due on the land. In many cases they 

 rent the land, paying the landlord 12 percent, of 

 the cross proceeds. The value of the agricul- 

 tural products in 1893 was $117,000,000, while 

 that of tin- pastoral products was $105,000,000. 



Id value of the merchandise imports in 

 1892 was $91,388.000, and of the exports $113,- 

 693.000. The import of specie was $6,510,798, 

 and the export $1.974,477. The principal imports 

 are textiles and apparel, iron manufactures, 

 drinks, chemicals, timber, and fuel. English 

 and coke are imported for the railroads and 

 mills, as the eoal deposits of the country can not 

 be mined with profit. American petroleum, too, 

 has recent ly conic into extensive use for fuel. The 

 duty on crude petroleum was removed by the Ar- 

 gentine Congress in the expectation of the re- 

 moval by the United States Government of the 

 import duty on wool. The quantities exported 

 of the principal commercial products were, in 

 1892: Wool, 154,600 tons; sheep skins, 32,100 

 tons ; wheat. 495,000 tons ; maize, 446,000 tons ; 

 meat, 77,700 tons. The value of the imports 

 from the principal countries were, in 1892 : Great 

 Britain. |85,800,000; Germany, $10,600.000; 

 F ranee, $10,400,000; Italy, $8,400,000; United 

 States, $7,400,000; Belgium, $6,400,000. The 

 i s to the chief countries were valued : 

 France, $26,400,000; Great Britain, $19,700,000; 

 (iermany. $16,600,000; Belgium, $14,700,000; 

 I'.ru7.il, $10,500,000; United States, $4,800,000; 

 Italy, s |,:;ii().i)i)i). In 18!)3 the total value of the 

 Imports was $100,793,419, and of exports $93,- 

 619,419, 



( 'oin mil it icat ions. The railroad? in 1893 had 



il length of 8,023 miles. Their capital was 



$38.l.VJ.si>n. 'I'll,- receipts for 1892 were $57,- 



299,900, and expenses $33,970,700. In 1892 the 



iinient paid to guaranteed railroads $3,259,- 

 ?oo, while the companies owed the Government 



I'.!^.:MU urnlcr the terms of their concessions. 

 Above *: 500,000,000 of European capital has been 

 invested in the Argentine railroads. The pro- 

 vincial governments guarantee the bonds of rail- 

 roads that are not guaranteed by the Federal 



nment, but with gold at 300, and in 1894 

 0, they are unable to pay the interest, and 



in most cases have made a composition with their 

 In Santa Fe the land tax is -- per cent., 

 and then- are heavy license and stamp taxes, yet 

 the interest on the foreign debt is greater than 

 the total revenue. Concessions for 3,170 miles 

 of new railroads had liecn granted, but not much 

 building was going on in 1893. In the case of 

 .-oine ,,f the railroads the Government has paid 

 out in guaranteed interest more than the actual 

 capital invested: in one case a commission rec- 

 ommended that the charter be canceled. 



The telegraph- had a length in 1892 of 20,415 

 miles of line, of which 11. ,!"><) belonged to the 

 National Government, N,0f)() to railroad com- 

 panies, and 1.1 1.") miles to cable companies. 



The p,,st oilier in I MM carried 71,633,000 let- 

 ton and (ll.OOIUKM) other piece-,. 



Public A flairs. In tne congressional elec- 

 tions that look place .March 25, 1894, the Op- 

 pixition made considerable gams. Congress was 

 opened on May \'2. The President in his mes- 

 sage said that the revolutionary disturbances 



ARIZONA. 



of the past year had cost the country $6.000,000. 

 The Government had remitted $4,000,000 in gold 

 to Europe toward the payment of the service of 

 the foreign debt for the year, and held a cash re- 

 serve in the national bank of $26,000,000 in cur- 

 rency. The Government arranged to pay $2,000,- 

 000 in gold to the European holders of guaranteed 

 railroad bonds on account of the balance of 

 $8,700,000 that was due. A commercial crisis 

 that occurred just before the assembling of Con- 

 gress gave strength to the enemies of the Gov- 

 ernment. The Radicals asserted that the minis- 

 try were dominated by ex-President Pellegrini. 

 The fall in the prices of wheat, wool, hides, and 

 live stock put a sudden stop to the export trade ; 

 and as importation had been excessive there was 

 a great demand for gold to pay European bal- 

 ances, which speculators took advantage of to 

 force up the premium, which reached 320 in the 

 latter part of May. The Government, suspect- 

 ing that the private banks were taking part in 

 this speculation and also that they were evading 

 taxes, ordered an inspection of the'books of finan- 

 cial corporations, which the companies resisted. 

 A scheme for unifying the external debts of the 

 provinces was proposed, according to which the 

 National Government is to assume all the debts 

 and replace them by a national stock on which 

 at first 2 per cent, interest would be paid, to be 

 increased in proportion to the improvement of 

 the public receipt until it reaches 3 per cent. 



ARIZONA, a Territory of the United States, 

 organized Feb. 14, 1863; area, 113,020 square 

 miles. The population, according to each de- 

 cennial census, was 9,658 in 1870 ; 40,440 in 1880 ; 

 and 59,620 in 1890. Capital, Phenix. 



Government. The following were the Terri- 

 torial officers during the year : Governor. Lewis 

 C. Hughes, Democrat; Secretary, Charles M. 

 Bruce ; Treasurer, James A. Fleming, who re- 

 signed on June 7 and was succeeded by P. J. 

 Cole ; Auditor, Howard C. Boone, who resigned 

 in September and was succeeded by C. P. Leitch ; 

 Attorney-General, Francis J. Heney; Superin- 

 tendent of Public Instruction, F. J. Netherton ; 

 Chief Justice of the Supreme Court, Albert C. 

 Baker ; Associate Justices, Owen T. Rouse, John 

 J. Hawkins, and Richard E. Sloan, succeeded in 

 June by Joseph D. Bethune. 



Valuations. The total assessed valuation of 

 property in the Territory for 1894, compared 

 with the figures for 1893, is shown in the fol- 

 lowing table : 



Finances. During 1893 the expenses of the 

 Territorial Government, which amounted to 

 $269.388.38, were exceeded by the receipts. This 

 favorable change in the finances has been the 



