186 



vators it is of utmost importance that no time be i 

 therefore the simplest solution is to attempt to inter 

 the same people who were willing to undertake their 

 construction som* years back. 



This does -not imply that homo investors should 

 not receive precisely, the same advantage* which are 

 to he accorded to the foreign investors, or that guaran- 

 tees should be withheld one party to the advantage of 

 others . 



Home capital we have in abundance, l>i;t home in- 

 vestors are notoriously suspicious of new iuvestiiit-iits 

 and decidedly reluctant to participate in new ventures, 

 rndoubtedly there will be a plethora of willing in- 

 vestors the day that the business is demonstrated as 

 extremely profitable, but the question is: who i- 

 make the start? 



Therefore if it can be found that the same par 

 are willing to renew their offers made in 1915, and the 

 only difficulty is regarding the amount to be guaran- 

 teed them as interest during the first years until the 

 business is established on a firm basis, then a wise (Jov- 

 ernment certainly could not do better than support 

 those willing to undertake the first steps towards put- 

 ting elevators into practice. 



If it be found that there is no hope of renewing 

 negotiations with the parties interested in the past, 

 then further attempts should be made to find other par- 

 ties, whoever and wherever they may be. 



THE ORIGIN OF THE PROJECT FOR STATE 

 ELEVATORS. 



It must be held in mind that it was to the reputed 

 absence of interested parties for the construction of 

 Elevators that the idea originated for their construc- 

 tion by the State. 



Dr. Ramos Mexia, the most powerful supporter of the 

 project that the State should undertake their construct ion,, 

 bases his arguments on the fact that despite the innu- 

 merable laws favouring Elevators, none have been 

 erected through private enterprise, and that there is 

 little hope in this direction as, in spite of alJ laws, time 

 goes on and nothing is done. He considered it indispen- 

 sable that their construction should be undertaken by 

 the State for these reasons and, besides, that the Gov- 

 ernment would contribute powerful and efficacious aid 

 towards developing the riches of the grain provinces* 

 and these latter, by such mJeans, would receive advan- 



