Argentine International Trade Under Inconvertible Paper Money

Argentine International Trade Under Inconvertible Paper Money

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Excerpt from Argentine International Trade Under Inconvertible Paper Money: 1880 1900

As is stated in the opening chapter, the present inquiry was begun at the suggestion of Professor F. W. Taussig, to whom I am especially indebted for kindly and unfailing advice and inspiration. Though some preliminary work was accomplished at Harvard University during the academic year 1916-17, most of the data were assembled and the book written in Buenos Aires (from July, 1917, to May, 1918), whither the writer went for that purpose as Sheldon Travelling Fellow.

For valuable assistance in collecting materials acknowledgment is due to Dr. Alejandro E. Bunge, Director General de Estadistica de la Nacion, and to Sr. Ricardo Pillado, who prior to 1916 was for many years Director General de Comercio e Industria. Sr. Pillado has an intimate personal acquaintance with the period of Argentine economic history here studied, and has for many years been a keen student of his country's economic problems. For information and insight gained from conversations with Sr. Pillado, as well as from his books, I am most grateful.

Most of all, I am glad of this opportunity to express my gratitude to Sr. Carlos Alfredo Tornquist, the distinguished head of the banking firm of Ernesto Tornquist y Ca., Lda., which since its inception in 1830 has played so prominent a part in the economic and financial upbuilding of the republic. It was Sr. Tornquist's father, the late Sr. Ernesto Tornquist, who as intimate friend of Presidents Pellegrini and Roca, and as supporter of Finance Minister Rosa at the time of the Conversion Law controversy of 1899, played so large a part in restoring the finances of the government after the collapse of the Baring Panic, and in solving the problem of depreciated paper money.

Sr. Tornquist has the best commercial and financial library in Argentina.

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