which ii! turn would he reflected in laud val; 



According to official opinion the Minister of 

 A'riiculture in the Senate in l!Hf)) the value of our land 

 is already very low hecause it is fixed iu proport ion to 

 the amount of the rent it returns which, however, is no 

 criterion to its actual productive power, and which 

 creates an erroneous hasis for establishing land values. 

 If we take statistics of say, Canada or United States, 

 we *ee (hat lands much inferior in quality to ours re- 

 present a value of $200 to 400 dollars gold the acre, 

 equivalent to $500 to $1000 mn. per hectare and still 

 give greater returns than in the Argentine Republic. 



To what must be attributed this difference in re- 

 turns? Solely to the deficient methods of cultivation, to 

 ihe useless and excessive expenses in harvesting, and 

 to the absence of adequate means of defence in dispos- 

 ing of the crop by the producers. 



Therefore it is absolutely contrary to the interests 

 of all the landlords in general Jo allow the land to be 

 de'dicated to cattle which previously was under agricul- 

 ture, and it is to their own interests to devote them- 

 selves as capitalists to putting into use every means to 

 render their lands most profitable for "chacra". 



ELEVATORS AND LAND VALUES. 



An increase in the profitable nature of farming ce- 

 reals benefits landlords as much as the farmer and te- 

 nants . 



Therefore, Elevators will put as much of the pros- 

 perity they bring with them into the pockets of the 

 landowners as into the tenants. The wealth ,-ind as far 

 as pow r er depends on wealth, the power of a countiy is 

 in proportion to the value of her commercial produce, 

 the fund from which all taxes must ultimately be paid. 



Having launched out on a plan of Agriculture and 

 on a plan of Colonisation with the resultant effects of 

 extensive production by 'numerous foreign elements, 

 creating thereby an extensive if fictitious prosperity in 

 which all that inhabit the country have nominally be- 

 nefitted, it is now too late to go back on our <;teps. Willy- 

 nilly we must continue, and since we are obliged to go 

 forward we must adopt w r hatever measures prudence and 

 competition demand to make the best of the undertak- 

 ing. 



ELEVATORS UNAVOIDABLE. 



There is no question of our ever returning to a 



