Prophecy, which is generally counted as hazardous, is especially so when it is about to be printed, and may still be read by the light of the experience of several years hence. Still, some Commercial and Financial angels have not feared to tread the ground of prophecy as to the immediate and _post-bellum_ future of Argentina and Uruguay; and not only has competent authority not feared to forecast results in this regard, but there is a remarkable unanimity of influential opinion as to the probably favourable effects of European affairs on the economy of the River Plate Republic. Always supposing, as there seems every reason to suppose, that these Republics continue to have the commercial and common sense to manage their internal affairs in such manner as to be able to derive the greatest possible pecuniary benefits from the troubles of European nations. One, perhaps the chief, in his courage of declaration of these prophetic authorities is Mr. C. A. Tornquist; a man having very large financial and commercial interests on the River Plate and enjoying a very high local reputation for business acumen and honour. His whole life has been spent in the higher financial circles of Argentina. Therefore the author has thought well to cite here some portions of an article published by him in the Argentine Press, a translation of which appeared in _The Review of the River Plate_, under date December 25th, 1914. In this article Mr. Tornquist says:— From this chaos (that of the European War) there will arise perhaps an Asiatic country, and, quite certainly, some American countries, and in the first place the Argentine Republic, which, on account of the class and special conditions of its products, is called upon to benefit from the situation more than any other country in the world, as even the United States cannot export in any quantity the noble products produced by Argentina as they require them for home consumption. This war not only does not create difficulties for our economic development, as will happen to nearly all the other countries in the world, but, on the contrary, it will stimulate it, and for this reason, the longer the war lasts the more our national economy will gain at the expense, sad as it is to say it, of the countries now at war. Whilst the war lasts the prices of the majority of our products will not decline, for many of the countries which produce the same goods as we do are at war, and on this account the demand is bound to increase. The first effects of this advantageous situation will bring about the disappearance of what we call here “crisis,” but which is nothing more than a “commercial indigestion,” brought about by excessive speculation, and which has principally affected speculators, and has done absolutely no harm to pastoral or agricultural industries, which are our principal sources of wealth.