Note 107 — Chapter XVII · COMMERCE AND FINANCE

I have divided the figures, which are given by all authorities in American gold dollars, by five. It is greatly to be regretted that the splendid private enterprise of Englishmen in Argentina receives so little help from English statisticians or the English Government. The statistics are best set forth by an excellent publication, the Bulletin of the International Bureau of the American Republics, published at Washington. Even the Statesman's Year Book (Macmillan) gives totals in American dollars. We have far more trade in South America than the United States, but we cannot, in view of the approaching completion of the Panama Canal and the intelligent efforts of American statesmen, hope to retain our position indefinitely if our own Government continues to trust to the policy of "muddling through." [107]