The Bu6nos Ayres bank had increased its issue of e6dulas. so that at the same date it had no less than $330.000.000. but these were in paper. making the grand total of money which had been loaned upon land in the Republic during seventeen years. $334.000.000. or $140 for every man. woman. and child. When the national bank went into the hypothecary business in 1884 paper money was at par with gold. Several severe cheeks to the national prosperity were felt during that year. Chotera made necessary arigorous qiarantine against Mediterranean steamers and checked immigration. Heavy floods during the fall delayed the shipment of crops from the interior to the seaboard. A new Government loan of $00.000.000 was to be placed. but the European market. which was expected to take $10.000.000 of it. was so nearly sated with Argentine investments of one kind or another that it declined to take more than $3.500.000.
Keywords matched
immigration