In resolutions 44 to 53 the conference deals with the duty of the Church towards modern democratic ideals and social problems; affirms the responsibility of investors for the character and conditions of the concerns in which their money is placed (49); "while frankly acknowledging the moral gains sometimes won by war" strongly supports the extension of international arbitration (52); and emphasizes the duty of a stricter observance of Sunday (53).
Much satisfaction was shown in Europe at the fall of President Celman, for investors had suffered heavily by the way in which the resources of Argentina had been dissipated by that the uprising of public opinion against his financial methods signified a more honest conduct of the national affairs in the future.
Where a railway is built for general commercial reasons, however, it must furnish its own credit; that is to say, it must convince investors that it can be worked profitably and give them an assured return on the funds they advance.
Laos, A Handbook of Peru for Investors and Immigrants (Baltimore, 1903); C. R.
The valuable resources of the republic, and its comparative immunity from revolution, formerly attracted the attention of European and American investors, who supplied the capital for internal development.
Once a nation shows its willingness to seize foreign-owned property at will, foreign investors are reluctant to do business there again.