The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1871-06-12

sary on al festive ana patriotic occasions. THESE
products, together with some gram anu n, ,Ss
quantity OF cattle for the Lima market Iorm TIE
principal freight OF the railway ana alinougs a WY
line has only been working for Few weeks y Is r ev
dent from the receipts that the specuauon WIZ p'oso
AS soon as financial matters IN Europe become
more TRANQUIL the government proposes negotiating
the loan ioi fifteen millions sterling authorized by
the last Congress or this large sum two million
ant purpose OF rI Igatlny a quantity OF tine vast
desert OF unoccuped land lying all along the coast
These ee s sos Sy t re al such price as
10 restore 10 the exchequer the sums expended In
their mproyement. thus bringing the value 20 an
already introduced IN these sections the land mas
been found TO be OF an unexceled character Tor
the production of sugar cane and cotton. Already
manv persons have sgnified their intention or "de.
nouncing,n as IL IS called here, these unoccupied
districts, and there can be no doubt that the wise
employment OF the appropriation will be the means
Of creating another OF those roads to wealth which,
fortunately Tor Peru. are now being SO rapidly de-
OF general news there is hardly anything worth
the chronieng, Business has been very brisk since
the falling OF the waters, and the passage OF the
rainy season In the mountains has permitted buyers
from the interior to visit Lima and gladden. the
hearts OF the holders OF goods.
The banking experiment now being trlei by five
first class establishments in the capital has proved
70 be complete success as the declared dividends
torly testify. In fine, The general condition OF inc
country is highly promising. II the coming elec;
tons can be tlded over without dlstllrbance-and
everything now auuurs well for such sut--a new
lease of prosperity w,ll be acquired by the nation.
The United States steamers onward aud st.
Mary's are in port Al we'll on board. The Osslpee
with Commodore McDougal on board, Is expected
We are still IN receipt OF encouraging intelligence
rom Bolivia Ever since the fall OF General Mel.
gareJo, who, although an excellent ruler In some
respects was brutal and cruel In the extreme. the
country appears to be progressing much more
rapidly than before. The repeated and respected
Presidency, Coonel Morales, that private rights
shall be held sacred, and that political prncipi les
the effect OF tranqulizlng and satisfying the people
and Of establishing an apparently stable Order OF
things anSnown an nor or tuna IN Boya Iol
tour throughout the central departments Of the
country, attending to the prime necessities OF the
proofs Of his popularity Although he has declared
his desire to retire into private life after the
OF the Congress, to meet in June it than
probable that the people Will insist upon HIS con.
tlnuance In office to conclude the good work lie has
| so auspiciously commenced.
The rich silver mines OF Caracoes situated almost
on the boundary line dividing Bolivia from chile,
and about 100 miles from the Coast, destined to
prove mighty element IN the progress Of the re-
| public. Already the immense wealth OF the mines
has changed a barren desert mo pspuous ana
both republics are iocking TO the spot, at
tracted by the almost fabulous stores told OF the
structed, wafer Is found at moderate depth, and
engineers are now engaged In surveying line lor a
railway to connect the mines with the port OF Neil
lones The government has sent troops TO the spot
TO preserve Order and the additional revenue gained
| by the country Is far from inconslderaoe. The
silver region extends along the side Of hills fol
distance OF about sixteen leagues the width OF tle
belt varying from 800 TO 600 yards. OLD Chilean
miners, familiar with the rich deposits OF Copiapo.
assert tlat nothing III South America has yet been
discovered equalIiag III richness the mines u
Caracoes
The present condition OF peace has likewise
naturally contributed very considerably to the ad.
vance oil all comm arciai interests. The business
done between La Pal and the Peruvian towns OF
Tacna and africa, the latter serving as port for all
articles required Tor Bolivian consumption, has
sumed proportions hitherto unknown. The hopes
entertained that on the comp,e ion OF Mr. Meiggs'
railway rom Arequ1pa to Puno, a short distance
from the Bolivian frontier. line will be con-
structed from that point to La Paz, Increase daily
the enterprise and the evident Intention entertained
to spare no sacrifice In order to carry the project
into eject. The interior Of this wealthy and fertile
country once opened to commerce, and the dirfcul.
ties now attending transportation OF material over.
come the pr osperlty OF the nation would be more
than redoubed, and she would soon reach that rank
70 which her resources entite her.