There are 53,954 holdings measuring from 27·2 to 123·4 acres; 48,323 of less than 25 acres; 46,553 of from 250 to 740 acres; 29,624 of from 125 to 247 acres; 12,992 of from 743.5 to 1234 acres; 11,104 of from 1236 to 2470 acres; 2968 of from 2970 to 9260 acres; 2052 of from 9260 to 12,350 acres; 1157 of from 12,350 to 24,680 acres. Holdings of more than 24,680 acres are relatively rare, in comparison with the rest; 423 have an area of from 24,680 to 30,870 acres; 781 of from 30,870 to 61,750 acres; 168 of from 61,750 to 114,250 acres; 65 of from 114,250 to 123,440 acres, and finally there are 104 holdings of more than 123,440 acres. These figures, compared with those of the census of 1895, reveal the fact that in thirteen years the number of rural holdings has increased by 50,174, and that the area given over to the two forms of usage, which lie at the base of the wealth of the Republic, has increased by 276,760,000 acres. But in spite of this extraordinary development during the last few years, from the point of view of the distribution of the soil, the Argentine is still in a primitive, indeed, almost in a feudal state, by reason of the enormous tracts of lands which are monopolised by a small number of owners. These owners utilise their enormous properties in raising cattle on the great ranches known as “estancias,” or employ them for agricultural purposes, when they do not prefer to leave them in a waste and unproductive condition, waiting until time and economic progress shall give them a value which their own efforts are incapable of giving them. These “estancias”——that is to say, the most usual system of utilising the soil——vary in area from 12,000 to 180,000 or 200,000 acres; some are even over 330,000 acres in extent. Many of them are only a few hours distant from the city of Buenos Ayres, or border on the outskirts of important urban centres. Such tracts of land given over to stock-raising and owned by private individuals would be inconceivable in most European countries, where private holdings are small; nor are they much more usual in a new country of vast area, like the United States, where more than half the cultivated lands are divided into farms of less than 100 acres each, and where holdings of more than 1000 acres, whether under seed or in pasture, are the exception, the average of all properties and holdings being 143 acres. It is easy to understand, without a lengthy demonstration, how far this state of affairs goes to retard the general development of the country. It is equally easy to understand that in order to stimulate this development it is necessary before all else to secure an increased foreign population, by attracting it through the powerful bait of landed property.