In Buenos Aires last week appeared a delegation from Presidencia Roque Sáenz Peña, chief city of Argentina's cotton belt. To a Government already well-nigh frantic over the country's economic troubles the delegation put one more problem. Rains had ruined half the cotton crop, last hope of that curiously international, politically chaotic, economically devastated region known as the Argentine Chaco.
The Argentine Chaco is in the far north of the country, a subtropical continuation of the pampas. Few regions, even in Argentina, have been so nearly ruined by economic dislocation. Almost at a standstill are exports of quebracho bark and the tanning...