The South American Republics, Part 1 of 2Dawson, Thomas Cleland
History
The South American Republics, Part 1 of 2
Dawson, Thomas Cleland
South America -- History
The Vice-President, Doctor Uriburu, succeeded for the unexpired period
of three years, during which little progress was made toward a
settlement of the nation's financial difficulties. Symptoms of renewed
extravagance appeared. In 1897, the issuance of $10,000,000 of mortgage
scrip was authorised, and the city of Buenos Aires received permission
to borrow $5,000,000. Work on the great docks of Buenos Aires, costing
$35,000,000, was pushed to completion, and in February the paper dollars
dropped back to 33 cents, while the deficit for the year was over
$20,000,000.
In July, 1897, General Roca was nominated for the Presidency by the
Convention of the National party, with Dr. Pellegrini in the chair.
There was no real opposition to his election. Again and again during a
quarter of a century he had proved himself able to cope with the most
difficult situations which had arisen in Argentine affairs. In 1890, his
firmness and adroitness had saved the country from the agony of a
useless political upheaval after the failure of the Celman
administration. During the anxious months that followed the panic, his
generosity had secured a co-operation of the moderates of Buenos Aires
with his own immediate followers in holding back the Radicals and
revolutionists in check. During the critical year of 1892, the outbreaks
against the Saenz Pena administration increased in violence until it
seemed as if the country would be convulsed with a serious civil war,
but when Roca stepped in the tide of disorganisation turned, and his
firm hand re-established the authority of the Federal government. His
prestige and his personality enabled him to count upon an obedience from
the chiefs of the provincial factions which was of inestimable value. He
possessed those rare and indispensable qualities which make a man a
centre around which other men can rally. He had built up the one really
national party in the country and was faithful to his friends and his
adherents, but sufficiently broad-minded to combine with other parties
when the interests of the whole country demanded it.
Public-domain text, read in full here on John Shaqi.
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