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
The mutiny of the army, however, under General Lavalle, and his
barbarous murder of General Dorrego, the Governor, blasted all these
flattering prospects, and involved the whole republic in confusion
and ruin. The consequences of the civil warfare which followed to
the finances of the country were deplorable, and infinitely worse
than those occasioned by the war with Brazil. The currency suffered
apparently beyond all hope of recovery, and the paper dollar, after
great fluctuations, fell to about 7_d._, at which rate it has, with
little variation, been stationary for the last seven years.
In the five years from 1828 to 1832, inclusive, the receipts and
expenses were as follow:--
Dollars.
1 The expenditure of the Government,
or Home Department, was .... 8,254,515
2 Of the Department of Foreign Affairs .... 778,935
3 Of the Finance Department and Public
Debt .... 29,884,831
4 Of the War Department .... 31,947,435
----------
Dollars, currency .... 70,865,716
The revenue in the same period only
produced .... 40,889,263
----------
Leaving a deficiency of .... 29,976,453
to be provided for by loans and other
extraordinary ways and means.
The _War Department_, it will be seen, absorbed more than three-fourths
of the whole revenue:--nor was this the final account of the
extraordinary expenses which may be traced to the revolt of the troops
above alluded to. Whilst they were cutting the throats of their
countrymen in the interior, the Indians broke in upon the frontiers,
left without defence, and made it necessary to organise a new army to
put them down, which occasioned a great expenditure, though it was,
perhaps, compensated for by the extension of the frontiers, and the new
security it gave to the lands in the south of the province.
To provide for these expenses the Funded Debt was again very largely
increased, and at the close of 1835 stood as follows:--
4 per cents. 6 per cents.
Dollars. Dollars.
Created before the
war with Brazil 2,000,000 5,360,000
In September, 1827 6,000,000
" February, 1831 6,000,000
" March, 1834 3,000,000
" November, 1834 5,000,000
--------- ----------
2,000,000 and 25,360,000
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account