"INVESTMENT IN ARGENTINA"

Charles Lyon Chandler '05 lectured under the auspices of the Graduate School of Business Administration on "Foreign Investment in the Development of the Argentine," yesterday afternoon. As United States vice-consul at Buenos Ayres, Mr. Chandler made a particular study of Argentina's business conditions which are unique in economic history.

Foreign investment is essential to the industrial progress of any new country. Owing to her troubled affairs, Spain, the mother country, could not give this support and the other countries stepped in, Germany, France, and Italy following the lead of England. Although with the greatest natural advantages, the United States has only an infinitesimal part in the total foreign holdings.

Most of the foreign capital is invested in banking. England was the first in the field, and she has never allowed any competitor to become dangerous. The success of the Germans in a short period has been tremendous, and there is no reason why the United States should not do equally well, should the opportunity be taken.

The shipping business is principally in the hands of the English, the Germans, and the Italians. The last have the largest and best equipped steamers and draw an enormous revenue from the immigrants brought from their overcrowded peninsula.

Capitalists are now looking towards the interior for placing their investments. The opportunities are great and it only needs a sufficient supply of labor and means of efficient transportation to open up one of the greatest mining and grazing districts in the world.