The greatest admirers of the old Spanish colonial system will hardly deny that the prodigious development effected since the declaration of Argentine independence, of the resources of the country, thanks largely to the influx of foreign immigrants and capital, would have been impossible under the Spanish domination. That a new people, unaccustomed to, and perhaps as yet unprepared for, self-government and political emancipation should have had to work out its own problems during a period of turbulence was inevitable. It is no reproach to the Argentine people that this natural process, necessary to fit them for a stable political existence, has in the past caused violence and lawlessness. The constant introduction of men of other races into the Argentine is giving to the population new features and qualities which will render the racial stock of the future one of the most interesting ethnological problems in the world; and this abundant admixture of foreign blood, readily assimilated as it is by the native stock, certainly makes for increasing stability. The same may be said of the large amount of foreign capital invested in Argentine enterprises. Argentine statesmen, taught by experience as they have been, and keenly awake to the need for foreign aid in developing their country, are not in the least likely in future to frighten away capital by dishonest finance or revolutionary methods. Responsibility has already brought sobriety into Argentine politics, and although the official procedure and Governmental ethics of the Spanish races vary from those usually prevalent in Anglo-Saxon countries, they are in most cases better suited to the character of the people than those that commend themselves to us. When we for our own purposes go to a foreign country, it is unreasonable to expect, as many Englishmen do, that we can carry with us and impose upon our hosts our own traditions and standards. No country known to me impresses upon a visitor from Europe so forcibly as the Argentine the unlimited possibilities of its soil. Travelling hour after hour by a railway straight as a line over gently undulating or perfectly flat plains, stretching on all sides as far as the eye can reach, the observer is struck by the regular ripple of the rich grass, like the waves of the sea, as the breeze blows over it. Here and there little clumps of eucalyptus slightly break the monotony of the landscape, and a gleam of a bright green alfalfa field occasionally relieves the eye. Far away at rare intervals gleaming white walls and turrets surrounded by eucalyptus groves mark the position of an estancia, and innumerable herds of cattle, sheep, and almost wild troops of horses everywhere testify to the richness of the pasture. [Illustration: A SHEEP RUN.]