39 



The (train buyer says that wastage is enormous and 

 eats into the profits, the elevator will do away with all 

 the wastage, "niennas". and permit him to buy the grain 

 from the fanner at "tipo de exportacion" so that there 

 will no longer he need to buy a "pig in a poke". 



The ( i rain buyers say that they cannot pay more 

 now as matters stand; the elevators by regulating mat- 

 ters will permit them to pay considerably more, and 

 still they won't be any more out of "pocket than they 

 are now. * 



But, have Elevators achieved this elsewhere. 



THE RAPID RISE OF THE UNITED STATES. 



The unexampled prosperity which has attended the 

 world's efforts generally during the last fifty-' years is 

 clearly evident everywhere, and there is scarcely a coun- 

 try under the sun which has not vaunted itself over its 

 progress in some sphere or the other of human activities, 

 but few countries can pretend to equal the United 

 States. Most remarkable of all, the greatest progress of 

 the North Americans has been ^achieved in that branch 

 of human industry in which the Old World has had the 

 greatest experience, to wit, farming. 



This has drawn universal attention and has been 

 the occasion, for much heartburning among European 

 farmers, especially where" the resulting competition has 

 been most felt, and in order to explain the phenomenal 

 success of North Americans, many explanations have 

 been given, the most universally accepted of which are, 

 the reputed fertility of her soil, favourable climatic 

 conditions; her generally natural advantages. 



These are the accepted reason for the same pheno- 

 menon here in the Argentine Republic. 



Those who have studied the ground, however, are 

 far from conceding such simple statements as fundamen- 

 tal reasons, for whatever truth there is in these vague 

 assertions they are not the basis of Nofth American farm 

 prosperity even though they be for sorne^ countries such as v 

 Argentina. At the beginning of the era of farming and 

 agricultural development, such as the United States ini- 

 tiated, they certainly didnot contribute more than the 

 necessary preliminaries, nor were such natural advan- 

 tages so apparent to those enjoying theni, and against 

 the theory of unparalleled fertility of the soil we have 

 the fact that Europe still holds the record for produc- 

 tion per hectare. (*) 



(*) Lowest nett. Average return per hectare in 

 Quintales (100 Ibs.) over period of five" years, in series 

 of four consecutive periods. 



