The Argentine in the Twentieth CenturyMartínez, Alberto B.
History
The Argentine in the Twentieth Century
Martínez, Alberto B.
Argentina -- Commerce; Argentina -- Economic conditions; Finance -- Argentina
The same mining laws are in force throughout the country. To acquire
a claim it suffices to present a written demand, containing an exact
indication of the position and nature of the claim demanded, the details
of its discovery, and all other useful information, accompanied by a
sample of the mineral. Immediately upon the presentation of this demand
the administration enters it with the date of deposition, in order
to prove the right of priority; and directly the concession has been
surveyed and delimited, the claimant has full rights in his mine and may
dispose of it as he wills. The mine is untaxed, and so are the mineral
products, whether sold at home or abroad. The only obligation imposed
upon the miner is that he shall work his mine with at least four miners
during 230 days of the year; if this condition be not fulfilled, any
other person may demand the concession of the abandoned mine.[88]
[Footnote 88: Senator Domingo Perez has just laid before Parliament, a
projected law substituting a fine or tax for this obligation.]
_The Electrical Industry._——It is greatly to the credit of the Argentine
that everything that makes for progress, for an increased welfare or
greater convenience, is immediately applied by the Republic. The latter
quickly absorbs all improvements and, profiting by the experience of
older nations, immediately puts new procedures into practice, instead of
lingering in the rut of outworn systems. Thus it was, for example, in
the case of the electrical industry. The Argentine has no need, in this
respect, to envy the most advanced nations. In Buenos Ayres——for only
the large centres can be progressive to this extent——all the tramway and
electric lighting concerns are most excellently equipped, and are in this
matter equal to the best installations of England or the States.
The electric tramway companies, whose tracks cross Buenos Ayres in every
direction, are seven in number, forming a network of lines which are
distributed as follows:——
The “Anglo-Argentine” Company, 18·8 miles; the “Capital” Company, 34·7
miles; the “Metropolitan” Company, 19·8 miles; the “Grand National,” 76·9
miles; the “Compagnie Lacroze de Buenos Ayres,” 44 miles; the “Southern
Electric Tramways,” 49 miles; and the “Harbour and City of Buenos Ayres,”
6·8 miles.
The great event of 1908 was the amalgamation of these companies by the
“Anglo-Argentine,” which proposes to unite these lines under a single
management, in order to form a vast network, comprising all the principal
lines, with the exception of the “Compagnie Lacroze” and the “Harbour
and City of Buenos Ayres.” The total capital invested in this important
undertaking amounts to not less than £14,000,000.
Public-domain text, read in full here on John Shaqi.
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