Guruyu and Reus went broke four times

From a rich family. Went broke four times.

 1) King Alonso XII's death
 2) sold loans in stock market in Argentina. the "Crisis of Progress"

Born 1858. Spain was already in ruins.

In the time of Emilio Reus, the state had very little power.

- trust in public institutions
- brain trust, Argentine capitalists
 1) needed a national bank - he benefited personally by forming his compañia Nacional
 2) epoca de reus
       - the country was quiet
       - depression began 1873
       -
- went broke, paid back all his debtors.
 - took the Vapor de la Carrera. Arrived broke to the other side of the river.
 - Gounoulhiou pier on Patagones (Lindolfo)
- crisis of 1890
- died a poor man
        - sold houses before construction finished
        -
- the state had taken possession of the bank he founded
- had money to send back his widow and daughter

The Old City is one part banks, museums, etc; the other is the Guruyú.

Named after a powerful merchant of Turkish or French origin by the the name of  Gounoulhiou, Guruyú is the Spanish adaptation of the name which is not to be confused with The Great Cornholio from Beavis and Butthead. Let's pretend I didn't bring that up.

There stand the ruins of the Hotel Nacional, a colossal project in a time of rapid boom and bust.