The story of the pampas and the life and habits of their workers and of the denizens nature has sent to share in their richness, has been told by many writers of our day, notably by W. H. Koebel, an Englishman, in his recently published “Modern Argentina.” It is the story of a great country and a great business enterprise that is fast spreading its activity farther and farther north, west, and south—to the north, toward the still savage Chaco country and the mountainous provinces of Jujuy, Salta, and Catamarca; to the west, toward the Andean uplands, and southward to the federal territories in the region that was once referred to on the maps as Patagonia. Gradually the cattle ranch is being pushed farther afield to give way to agriculture, while the ranchmen in their turn are penetrating the field of the timber industry. There is practically no village life in Argentina; there is no middle class between the lordly _estanciero_ and the laborer. The very necessary element of the small farmer, working his own independent property, is gradually being introduced, as the owners of the great estates are beginning to subdivide their holdings. When this new element shall have been thoroughly absorbed into the commonwealth, and the nation shall have acquired a “_volk_,” the prosperity of Argentina will be assured for all time. The development of the country is still in its infancy; for years to come there will be room for an increasing influx of capital and men who can take part in the most modern and greatest wealth-producing enterprise on the globe. So far the English and Germans are the chief among the foreign capitalists who have sought out this present-day Eldorado. The better acquaintance with Argentina and the other countries to the south of us, so intelligently and industriously fostered by the Pan American Union at Washington, will, it is to be hoped, induce a North American financial invasion of Argentina, an invasion that will be more than welcomed by the “_Yankis_” of the South.