Few countries have been able to inaugurate home industries under more favourable auspices. Nothing can deprive Argentina of her agricultural eminence. But how she will fare when embarking upon the more uncertain career of a home manufacturer depends upon many things. Necessity is already driving Argentina seriously to face the problem of producing for herself her more obvious needs. The comparatively high cost of living is a growing trouble. Infant though she may be industrially, Argentina has already experienced the evils of industrial unrest. The principal manifestations have been in Buenos Aires, which, in addition to being the port and the centre of national activities, has been the storm centre of the rush to exploit her resources. It is the pulse of the Republic. Like other great cities, it is crying out against the diminishing value of the dollar. Argentina's readiness for home manufactures is an urgent problem confronting the Government. The Government wants a more all-round development of the country's resources. Interwoven with this problem are important considerations: a more equable distribution of the population; the provision of more centres for the exchange of commodities; the relation between taxes for revenue and protective tariffs; the selection of what industries are to be established at an economic profit; the extent to which foreign manufacturers can be induced to start their industries within the Republic. So far, the only industries that have continued with success are those producing articles difficult of transport, or of an expensive character. With a greater mobility of trade in the country, and a more scientific manipulation of the tariff, there is no reason why Argentina should not provide herself with many of the things which to-day furnish the labour agitator with opportunities for tirades against "costly living." Backed by agricultural wealth, and supported by splendid railway facilities, Argentina should be able to make advance on particular lines. Take wool as an illustration. Argentina produces more than sufficient for her own requirements, and yet she obtains woollen goods from other countries. Is it to be taken as final that the absence of coal in the country makes the development of woollen industries at home an economic impossibility? It is not, perhaps, so much a question of labour and initiative as the absence of natural advantages. It is necessary to look farther afield than Buenos Aires in considering the chances of a new industry. The concentration of trade in the capital has probably been a hindrance. The congestion of all interests, commercial, political, and social, in "B.A." has caused land to increase enormously in value, an important consideration in setting up factories. In turn, other charges are correspondingly increased. Trade rises and falls according to the season. There is less stability for the worker, more fluctuations for the trader.