Up To Date Business Including Lessons In Banking Exchange Busin

Chapter 11

Chapter 113,654 wordsPublic domain

Australia has MANY PECULIARITIES. It has only one large river, and even that in summer becomes a series of isolated pools. It has no high mountain range, its principal mountains being only a series of ramparts marking off the lower coast lands from the interior plateau. Again, its native quadrupeds are entirely different from those of other continents, being almost all, whether little or big, "marsupials," or "pouch-bearers," like the kangaroo. Its birds are mostly songless. Its flowers, for the most part, have no scent. Its trees are leaved vertically and cast no shade. Its indigenous inhabitants have made no progress toward civilisation. When Europeans first came to the country they found no native animal that could be put to any use, nor any native fruit, vegetable, or grain that could be utilised for food. Still, all European domestic animals thrive abundantly in the country, and so do all European fruits, grasses, grains, and vegetables. The English rabbits, indeed, have become a terrible pest. As many as 25,000,000 of them have been killed in a year without any apparent diminution in their numbers. Over $1,000,000 a year has at times been spent to exterminate them, all to no effect.

VICTORIA

Victoria, the smallest of the Australian colonies, had until recently the largest population (June, 1897, 1,177,304) and also the largest trade. In both respects, however, it is at present surpassed by New South Wales. Victoria has owed its past pre-eminence to its GOLD PRODUCTION. Gold was discovered in the colony in 1851, and for years the output of the precious mineral was not less than $50,000,000 per annum. The present output of gold in Victoria, however, is only $10,000,000 per annum. Richer, however, than the gold-mines of Victoria is the fertility of its soil. A large part of the soil is exceedingly fertile--with irrigation one of the finest fruit-bearing soils in the world. The arboreal vegetation of the country is magnificent. Trees thirty feet in diameter rise to the height of 200 feet without a single lateral branch, and then 100 feet to 200 feet higher still. Pear-trees grow to the height of eighty feet, with trunks three feet in diameter. But as yet wool-growing, wheat-raising, and vine-growing are the principal agricultural occupations of the people. The principal agricultural export is WOOL--$25,000,000 worth per annum. But a considerable portion of this comes from New South Wales. The SHEEP kept number 15,000,000, the cattle 2,000,000. But the colony still remains principally a mining community. Five ninths of the population live in towns. Yet there are few towns, and two fifths of the whole population live in Melbourne--a city almost exactly as large as Boston.

MELBOURNE

MELBOURNE (451,110; with suburbs, 500,000), the capital city of Victoria and the chief city in Australia, is also one of the most beautiful cities in the world. Its parliament buildings, town hall, post-office, treasury, mint, law courts, public libraries, picture galleries, theatres, churches, and clubs are all edifices of architectural magnificence and beauty, while its boulevards, parks and gardens are equally splendid. At one time money flowed freely and great commercial recklessness prevailed. But though Melbourne has sustained several severe depressions its present condition is prosperous and its future is assured. It is, however, a pleasure-loving city, and it is as much on this account as on account of its great beauty that it is called "the Paris of the southern hemisphere." Nowhere else in the world, perhaps, are indoor amusements--the theatre, concerts, etc.--or outdoor amusements--cricket, football, horse-racing, etc.--more devotedly patronised than in Melbourne. Other important places in Victoria are BALLARAT (40,000) and SANDHURST (37,000), both mining towns, and GEELONG (25,000) locally noted for its manufacture of "tweeds."

NEW SOUTH WALES

New South Wales (population 1,311,440) is the oldest colony of Australia and the parent of both Victoria and Queensland. Of all the colonies, it has, perhaps, the greatest range of productions. On the low coast lands its soil is of extraordinary fertility, and even in the dry interior, when irrigation is employed, the fertility is still extraordinary. As yet, however, but one acre out of every two hundred is under cultivation, the chief agricultural occupation being pasturing. Over 50,000,000 SHEEP are kept, principally the MERINO. Grass grows everywhere, and even the summits of the mountains are covered. Drought, however, is a terrible drawback, and sometimes tremendous losses occur. In 1877 over 8,000,000 sheep perished, and in 1884 over 12,000,000. The total WOOL PRODUCTION is very large, averaging $50,000,000 a year. The export of hides, skins, leather, and chilled meat, principally mutton, amounts to $10,000,000 annually. Chilled mutton and beef are sent direct to London, though the passage takes five or six weeks by steamer and twelve to sixteen weeks by sailing-vessel. Scarcely less important than its agricultural products are the mineral products of New South Wales. Its COAL-MINES are the finest on the continent, and $4,500,000 worth of coal is exported annually, besides what is consumed locally. Its gold production, though not very large, is general throughout the whole colony. Its SILVER-MINES in SILVERTON and BROKEN HILL are among the most famous in the world, and its tin-bearing lands comprise over 5,500,000 acres. The foregoing comprise the staple products--the production of industries already well established. But fruit-growing, including all fruits, from apples, pears, and peaches, to olives and oranges, is a rapidly developing industry, no country in the world being better suited to it. Wine-making, too, is quickly coming forward, the New South Wales wines equalling in flavour those of France and Spain. Wheat-growing, cotton-growing, and even rice-growing are also in their several districts rapidly extending and prosperous pursuits. The development of New South Wales has only just begun. SYDNEY (including suburbs 410,000) is the capital and by far the largest city. Sydney, like Melbourne, is a beautiful city, but its beauty is natural rather than artificial, and it is well entitled to its name, "Queen of the South." It is situated on Port Jackson, one of the finest and most beautiful harbours on the globe. Sydney is the headquarters of all the various lines of steamships--British, American, French, Italian, etc.--that trade with Australia, and is indeed one of the great seaports of the world.

SOUTH AUSTRALIA

South Australia (358,224 in 1897) occupies the whole central part of the continent from north to south. But as only a very small portion of this vast area is settled--the southeast corner--it may be described as in characteristics resembling Victoria. Its principal industry is WHEAT-GROWING. South Australia is indeed the great granary of the continent, and is destined to be one of the great granaries of the world. Like the other divisions of Australia, South Australia, when once drought has been overcome by irrigation, is destined to become a great fruit country, its warm, moistureless climate being peculiarly well suited to the ripening of fruits of exquisite flavours. Already its olives are pronounced the finest in the world. The principal city and chief port is ADELAIDE (with suburbs 144,352). Like other Australian ports, Adelaide possesses excellent steamboat shipping facilities. In the north, on the Timor Sea, is PORT DARWIN, likely to be an important trade centre.

QUEENSLAND

The most interesting of all the Australian colonies is Queensland (population 472,179), for it is a tropical country with a climate so salubrious that white people can live in it and be comfortable and healthy. The heat, instead of being enervating, is stimulating and bracing. A great portion of its soil is of unsurpassed fertility. The only drawback is the unequal distribution throughout the year of the rainfall. But wherever irrigation wells are sunk the climate becomes highly suitable for SHEEP-RAISING, and also for the growing of many kinds of FRUIT. There are already 15,000,000 sheep and 5,000,000 cattle in the colony, and wool is exported to the amount of $15,000,000 annually. Other agricultural exports are frozen beef and mutton, and hides and skins. WOOL is the chief export. The second export in importance is GOLD, which reaches $10,000,000 per annum. Tin is also exported, and coal, though little worked, is abundant. Developing exports are sugar ($2,500,000 per annum), arrowroot, cotton, tobacco, rice, and coffee. A difficulty, however, in the development of these products is the labour question. White men cannot work in the plantations. Chinese prefer to work in the mines. The natives won't work anywhere. No negroes are obtainable. As a consequence Polynesians have to be imported. BRISBANE (100,913) is the capital and chief city and port.

WEST AUSTRALIA

West Australia (population 162,394), the largest of all the Australian colonies, has only been recently settled, and its constitution as a self-governing colony dates only from 1890. A large part of its area has never been explored, and a large part is known to be scrub desert. But there is scarcely any part of it, even of its "scrub" areas, but that will support sheep when once artesian wells have been sunk, and large portions of the colony, especially along the coasts, are as fertile as need be. And the climate, though very dry, is exceedingly healthful. PERTH (43,000) is the capital. ALBANY is the principal port.

THE IMMENSE RESOURCES OF AUSTRALIA. ITS PROBABLE FUTURE

Australia is undoubtedly on the eve of a period of great development. Its resources are known to be immense. Its climate has been found most favourable to human health, and the objectionable feature of the climate, the smallness and irregularity of the rainfall, has been studied and become understood and found remediable. Once the confederation that is now in process of formation takes place, there is no doubt that Australia will enter upon a new and prosperous commercial era. Owing to the fact that its chief opportunities for wealth lie in the development of its natural resources, it is probable that for some time to come almost all the manufactured goods Australia needs will have to be imported. Already its importation amounts to $275,000,000, of which, of course, Great Britain supplies the principal share. This importation is principally clothing and materials for clothing, but it also comprises hardware and machinery, and in fact everything required by a highly civilised and money-spending people, except breadstuffs and provisions. The magnitude of this importation may be comprehended from the fact that it is more than one third of the total exportation of the United States for any year save one up to 1896, including our immense export of breadstuffs, provisions, and cotton. And besides the articles of export already mentioned--WOOL, MEATS, HIDES, SKINS, MINERALS, FRUITS, etc.--there is one other Australian resource that is capable of almost indefinite development. This is its TIMBER. The eucalyptus or gum-tree prevails almost universally in Australia, and some of its commonest varieties, being both strong and indestructible by insects, are of almost unequalled value for ship-building, railway ties, and dock and harbour construction. That the Australians are fully alive to the importance of developing their foreign trade is seen in the efforts they have made to provide facilities for bringing their products to ocean ports. There are 11,980 miles of railway, almost every mile of which has been built by the governments. This is one mile of railway for every 300 inhabitants, as against one mile for every 400 inhabitants in the United States. These railways run wholly to and from the seaboard. There are no manufacturing towns to be catered to. Australian trade consists wholly in exchanging home-raised natural products for imported manufactures. Equally remarkable with the railroad enterprise of the Australians is their enterprise in telegraphic construction and the establishment of cable communications. For example, a telegraph line 2000 miles long, running across the continent from Adelaide to Port Darwin, has been built by the province of South Australia so as to connect with a cable from Port Darwin to Java, Singapore, etc., and thus with Europe and America. For at least 1500 miles this telegraph line runs through one of the most desolate and inaccessible regions in the world.

XI. THE TRADE FEATURES OF SOUTH AMERICA

SOUTH AMERICA, A FERTILE CONTINENT WITH DRAWBACKS

South America is an immense but very fertile continent, whose natural resources are as yet scarcely begun to be utilised. Though not so large as North America, it has a far greater area of productive soil--and, indeed, much of its soil is quite unsurpassed in fertility. It suffers, however, from two great drawbacks. 1. A great portion of its area (four fifths) lies within the torrid zone. In the low coast regions of this torrid area, and also in the low forest regions watered by the great flat rivers of the interior, the climate is for the most part unendurable to white men. 2. South America has been unfortunate in its settlement and colonisation. Until in recent years colonisation as understood in Anglo-Saxon communities has scarcely been attempted in South America at all. All the earlier immigrations from the Old World were prompted by the thought of getting gold and silver and precious stones--if need were by the spoliation and enslavery of the natives. Only a small proportion of the population--not more than a quarter of the whole--consists of whites, and these are principally from Spain and Portugal. These conquerors of the continent have not in the main succeeded in establishing either stable forms of government or high types of civilisation. Furthermore, the mixed races--the MESTIZOS or METIS, as they are called, the descendants of the earlier Europeans and the natives--instead of advancing in civilisation have for some time past been retrograding. Then, again, there is a large negro element, the descendants of Africans once imported as slaves, to still further complicate the race question; and there is a considerable element partly negro and partly Indian. In only one state, Argentina, can affairs be said to be really prosperous, and even in Argentina the civilisation developed by its prosperity is gross and material rather than refined and intellectual. The next most prosperous and important states are Brazil and Chile. Perhaps Uruguay, though the smallest of all the states, should be placed after Argentina. The remaining independent states of the continent--Venezuela, Colombia, Ecuador, Peru, Bolivia, and Paraguay--are all states of the prevailing South American type. Their governments are more or less unstable. They are terribly burdened with debt, and their credit is such that they must pay high rates of interest. The civilisation once introduced among their native races by the zeal of Spanish missionaries is deteriorating if not vanishing. And even among their leading classes there is much to be desired in the observance of the ordinary principles of right and wrong.

EUROPEAN IMMIGRATION IN SOUTH AMERICA

All the South American states enumerated above, with the exception of Brazil, were first taken possession of and "settled" by the Spanish, and the Spanish language still remains in them the language of government, education, and society. Brazil was first taken possession of and "settled" by the Portuguese, and in Brazil the Portuguese language prevails, just as elsewhere in the continent the Spanish language prevails. Among the natives many different languages are found, but in Brazil a "common language" is used, one introduced by the original Portuguese missionaries, and understood by nearly all the tribes. Between Brazil and Venezuela is a triangular piece of country called Guiana, which, unlike the rest of South America, is still under the control of European powers. It consists of three parts--French Guiana, Dutch Guiana, and British Guiana--colonies of France, Holland, and Great Britain, respectively. Leaving out Guiana, South America has received its entire civilisation from Spain and Portugal, and, with the exception of Argentina, Uruguay, and Brazil, there has been little or no emigration to any South American country except from these two European countries. To Argentina, however, there has been a large emigration from Italy especially, but also from France, Great Britain (mainly from Ireland and Wales), Germany, and Sweden. A similar emigration has taken place to Uruguay, though the foreigners in Uruguay are principally Basques, a people that live on the border-land between Spain and France, but are neither Spanish nor French. In Brazil the immigration, where it has not been Portuguese, has been chiefly Italian and German, and in the temperate region of the extreme south of Brazil a large German population exists. Everywhere in South America the parts most prosperous are the parts that have come most directly under the influence of recent European emigration.

THE ARGENTINE REPUBLIC

The Argentine Republic, or "Argentina," as it is popularly called, is the most prosperous and most important of all the South American states. Its area (1,319,247 square miles) is equal to the total area of the States of the United States east of the Mississippi and Missouri, including the Dakotas, Missouri, Arkansas, and Louisiana. Although a portion of this vast area is not of much value for agricultural purposes, especially in Patagonia, a very large portion of it does consist of soil of great fertility, while the climate, which for the most part is a temperate one, is such as is well suited to Europeans and white people generally. The population May 10, 1895, was 4,094,911. Of this population it is estimated that over 850,000 are Italians, 183,000 French, 161,000 recently emigrated Spaniards, 60,000 English, and 54,000 Germans and Swedes. The language of the government and of the schools is Spanish. At one time in Argentina there was a disposition to take the United States as a model in everything, but of late years there has been a tendency toward taking France as a model in manners and customs. This disposition to imitate European peoples is particularly true of the wealthy classes.

ARGENTINA'S RAPID PROGRESS

The pride and boast of Argentina has been its rapid progress. In the thirty years ending 1886 the immigration was over a million. From 1886 to 1889 it was from 100,000 a year to 200,000 a year. In 1890, owing to the financial crisis of that year, it fell away almost to nothing. Since 1890 it has gradually increased until now it is about 100,000 a year again. In 1869 the population was only 1,837,000. Now it is over 4,000,000. Similarly the capital city, Buenos Ayres, has made an increase not easily paralleled. In 1869 its population was only 187,126. In 1887 it was 423,996. By the census of 1895 it was 663,854. To-day it is said to be 750,000. Of this number about one half are foreigners. The high protective tariff established by Argentina in 1878 had the effect of instituting many small industries in Buenos Ayres, and to this cause the exceedingly rapid growth of its population is partly attributable.

ARGENTINA'S AGRICULTURE AND MANUFACTURES

The great prosperity of Argentina has been due to the extent and immediate availability of its agricultural resources, for its forest wealth remains undeveloped, and its mineral resources are comparatively scanty. Its vast treeless and stoneless plains have needed no "improvements" to make them fit for settlement, and the soil which covers them being of virgin richness bears crop after crop without fertilising and with very little cultivation. Immigrants arrive in the country without a dollar and in twenty years are owners of estates of 5000 acres each. In no country in the world has agricultural extension been more rapid. In twenty years the acreage under cultivation increased 1400 per cent. The amount under cultivation in wheat alone increased 2600 per cent. The WHEAT PRODUCTION averages 40,000,000 bushels, which is not far short of one fourth of the total wheat export of the United States. The production for 1897 was 60,000,000 bushels, although the amount exported was much less than that. The wheat product is indeed very variable, owing to droughts and locusts, for, like Australia, Argentina is uncertain in its rainfall. The CORN CROP is steadier, and in 1896 amounted (for export alone) to 60,000,000 bushels. More important in the aggregate than the direct products of the soil are the indirect products. There are 22,000,000 CATTLE kept in Argentina, 75,000,000 SHEEP, and 4,500,000 HORSES. The total exportation of animals and animal products amounts to $70,-000,000. Of this exportation the principal item is WOOL, the wool-clip of Argentina being, in weight, one seventh of the total wool-clip of the world. Unfortunately, however, Argentina wool is very dirty, and when washed reduces to one third, while Australian wool reduces only to two thirds or three fifths and is free from seeds. The profit accruing to the Argentina wool-grower is thereby lessened. But, nevertheless, wool-growing in Argentina is a very profitable industry, and many farmers (principally Irish settlers) have from 50,000 to 100,000 sheep each. Cattle-farming is carried on mostly by native Argentines, and many cattle farms are stocked with as many as 10,000 cattle and 2000 horses each. The great exports of Argentina, therefore, after wheat and corn and wool, are HIDES and SKINS, TALLOW, CHILLED BEEF, and MUTTON and bones. There are five factories in Buenos Ayres engaged wholly in chilling mutton, and the export of chilled mutton to Great Britain alone is $5,000,000 a year. Another growing agricultural product is WINE, the yearly production being 1,500,000 gallons. Notwithstanding Argentina's magnificent forest areas, but little timber is exported or even manufactured for home consumption. The other principal manufacturing industries are carriage-, cart-, and harness-making, cigarette- and match-making, preserving and tinning meat, brewing, flour- and corn-milling, and the making of macaroni.

BUENOS AYRES