[Illustration: _Photograph by H. G. Olds, Buenos Aires._ THE PLAZA HOTEL, BUENOS AIRES.]
Buenos Aires is the mart where the produce of the rich back-lands is bartered. It levies a heavy toll. The most imposing business buildings are the banks--national banks, British, German, French, Spanish, and Italian banks. In and about Reconquista are these banks, ever busy. Near by are the rival shipping offices, a glut of them. The offices of the great railway companies are enormous. Wide-spreading premises exhibit the latest and best agricultural machinery that Lincolnshire and Illinois can produce. There is the hustle of commerce. The streets are as narrow and as crowded and as vital as within the City of London. There is earnestness about the men.
The Argentine is sombre in manner. He dresses in conventional black. A light waistcoat, a gay tie or fancy socks, is bad form. You cannot tell the difference between a millionaire and one of his clerks, except that the former has an expensive motor-car and the latter hires a taxi or a victoria, or travels by electric tramcar. At every corner you see evidence of prosperity, of successful money-making. And money speaks in "B.A." as loudly as it does in New York.
Folk of the Saxon breed tend to scoff at the decadence of the Latin race. But there is something revivifying in the transplanting of a people. We have evidence in our own colonies. The man of Spanish descent in the Argentine is not always the spry fellow he thinks himself; but he has dropped the cloak of sluggishness which enwraps Spain. He is often rich; he lives in a gorgeous residence; his extravagances are beyond those of a Russian archduke. He is polite and hospitable.
But the wealthy Spanish Argentine is not the creator of his own wealth. I heard of only one case of a Spanish Argentine owing his great fortune to commercial enterprise. The fortunes of most of these Argentines come from land. Their grandfathers got immense areas by the easiest means. Properties were so enormous that extent was not reckoned in acres, or even square miles, but by leagues. But a hundred leagues, however good for cattle or sheep, or wheat growing--what was its value a couple of hundred miles from a port? Then came British railways. They pierced the prairies. The land bounded in value, tenfold, a thousandfold. Other people came in; first shrewd Scotsmen; then industrious Italians; then Englishmen bent on becoming _estancieros_. Their children are Argentines. But the mighty fortunes are mostly in the possession of the early Argentines--those who were settled fifty and more years ago. They have sat still and seen their land blossom in value. They pay no income tax; there is no tax on unearned increment. Mr. Lloyd George was once in the Argentine, associated with a land development company. That, however, is another story.