Buenos Ayres and the Provinces of the Rio de La Plata: Their Present State, Trade, and DebtParish, Woodbine, Sir
History
Buenos Ayres and the Provinces of the Rio de La Plata: Their Present State, Trade, and Debt
Parish, Woodbine, Sir
Argentina -- Description and travel; Argentina -- History
[80] The drought in question was one of the most destructive on
record; large lakes in the south, never before known to have been
without water, were entirely dried up, in which immense numbers of
fish perished, the stench from which was described as enough to have
produced a pestilence. Another serious consequence from it, of a
different description, was the prodigious increase of all kinds of
vermin, especially field-mice, myriads of which overran the country,
and entirely destroyed the maize-harvest for 1833.
CHAPTER XVI.
PUBLIC DEBT.
Origin of the Funded Debt of Buenos Ayres. Receipts and
Expenditure from 1822 to 1825, during peace. Loan raised in
England. War with Brazil, and stoppage of all revenue from
the Customhouse for three years. Pecuniary difficulties in
consequence. The Provincial Bank of Buenos Ayres converted
into a National one. The Government interferes with it,
and, by forcing it to increase its issues, destroys its
credit. Debt at the close of the war at the end of 1828.
Hopes founded on the peace destroyed by the mutiny of the
Army;--deplorable consequences of that event. Depreciation
of the Currency. Deficit in the revenue, and increase
of the Funded Debt:--its amount in 1834, and further
increase in 1837. General account of the liabilities of the
Government up to that year; increased by subsequent war
with Bolivia, and French Blockade.
In any attempt to convey an idea of the finance accounts of Buenos
Ayres it should, in the first instance, be observed that, although
those accounts are, _primá facie, national_, they exhibit in reality
the receipts and expenditure of the government of the _province_ of
Buenos Ayres alone:--the other provinces, containing three-fourths
of the population of the whole republic, contribute nothing towards
the general expenses, though most of them manage to support their
petty provincial administrations. Buenos Ayres alone found all the
pecuniary means both for the war with Spain for the establishment of
the independence of the republic, and, subsequently, for liberating
the Banda Oriental from the domination of the Emperor of Brazil, which
latter state, though gaining everything by the result, has never repaid
her a single dollar. Chile owes her as much for the armies sent across
the Andes, which freed that country also from the yoke of the King of
Spain, and has been equally ungrateful.
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