The closest bonds of mutual interest unite Argentina with Europe, because being producers of unlike commodities, the European markets consume our exportation and our markets consume theirs. With the rest of America our interchange of trade must be upon a smaller scale, because for more than a century to come we shall be countries producing similar commodities. Therefore, our respective markets will not reciprocally serve to buy the excess of production, but only that which by reason of climate or industrial development is to be found or manufactured in any other country than our own. This has happened to us notably in the case of the United States with its tremendous industrial expansion. In order to fulfill this "manifest destiny," we need _pax multa_ with the whole world. We need to give attention exclusively to our development without intermeddling in that of others. In this is summed up everything. Hence our international policy has to be pacific and neutral; we must be every man's friend, and shun imperialistic fancies. The "splendid isolation" of England fits her condition and her inclination. We must work and we must be allowed to work. Our social evolution still requires a century to acquire a definite contour. Though results may be foreseen from their beginnings, it is not possible to foretell what will be the future Argentine type, physically, mentally or materially. For the present, the only proper thing for us to do is to devote ourselves exclusively to the exploitation of our resources for we have seen how much effort will be required to assimulate our population, to form a national spirit, to build up a great future nation, to develop an administration which shall be a model of honesty and scientific preparation, and to adapt the republic to its future needs by public works and institutions, and by showing ourselves firm in faith and effective in works. The present social tendencies in Argentine evolution give promise of a great future for the country. The nation is not hesitating or vacillating before the realization of its manifest destiny. It follows with profound interest the new and colossal social experiment, which is unfolding to the view of the world the different phases of the formation of a nation in whose development the shoals are being avoided where others were wrecked, and which is putting into practice the improvements suggested by the experience of the other nations in order to realize the new evolution easily, prudently, and successfully. FOOTNOTES: [1] The Academy wishes to express its appreciation to Layton D. Register, Esq., of the Law Department of the University of Pennsylvania, and to Mr. Enrique Gil, of the National University of La Plata, of the Argentine Republic, for the translation of this article. [2] Old Spanish legislation for the Spanish-American colonies.