Gentlemen  :  I  am  taking  the  liberty  of  sending  to  you,  under  separate  cover,
one  c(spy  of  Revista  de  Marinn,  a  professional  naval  publication,  similar  in
its  aims  and  the  purposes  it  serves,  to  the  United  States  Naval  Institute  Pro-
ceedings. The  Revista  is  published  under  the  direction  by  the  officers  of  the
Peruvian  Navy,  at  the  Naval  Academy  of  Peru,  which  I  command.
The  Revista  has  never  solicited  any  foreign  advertising,  for  the  reason  that
it  is  maintained  by  subscription  and  Government  appropriation.  As  a  matter
of  fact,  foreign  advertising  has  much  more  value  in  this  publication  than  has
domestic  advertising  (I  am  writing  as  a  resident  of  Peru),  because  the  Revista
is  read  with  keen  interest  by  the  naval  officers  of  all  the  Spanish-  and  Portu-
gese-speaking countries  and  by  members  of  technical  and  scientific  societies  of
these  races.  I  should  add  that  advertisements  are  closely  scanned,  since  the
ships  and  lieadquarters  of  foreign  navies  attach  significance  to  the  appearance
of  foreign  advertising  matter  in  professional  naval  magazines.  At  the  present
time  many  governments  and  their  officers  are  watching  Peru  and  her  navy
closely.  This  interest  is  occasioned  by  the  fact  that  our  Government  has
recently  sent  a  naval  mission,  of  which  I  am  a  member,  to  Peru  to  assist  the
latter  in  modernizing  and  developing  an  adequate  navy.  Negotiations  for  a
large  loan  from  private  sources  in  the  United  States  are  being  successfully
concluded  by  Peru ;  I  have  every  reason  to  believe  that  a  considerable  sum  wiU
be  allocated  to  the  navy.
