Abstract
Among the branches of Romance philology Hispanic philology is at the present time the most flourishing one. This is due in great measure to the fact that the seeds sown by the great master Ramón Menéndez Pidal are bringing forth remarkable fruit in Spain, Portugal and the United States. The newest feature in the picture is that Argentina, with the Instituto de Filología de Buenos Aires under the leadership of Amado Alonso, has become a center of Hispanic studies for the entire world. This seems to be one of the changes in scholarship which hint that in the future, the New World will take over, whereas Europe has to struggle desperately to hold her own. The change will appear the more considerable in the light of the endeavor since the early nineteenth century on the part of Latin America to do something in this field, although for the most part amateurish.
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