Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-12-25

pctted to receive something A ,onAd.
cratlon for taking mp these bonds mud
giving IN exchange for them the stock
OF n responsible corporation Ike the one
proposed. and they looked for that con-
sideration from Peru. II that nation
Ntns golng To have its debt cancelled, Il.
OF cour-c, expected to give something
IN consideration for the serlire What
was Il to glvof That WIS the question
which these who thought 81 taking
stock IN tho company asked OF Mr.
Gnice
lie said that be believed Peru would
grhut Ia tho company certain franchiaVs
which In the aggregate would 30 worth
far morn than the debit which would
cnuhlr the stockholders 20 eNureuish
this debit out Of the profits and Co leave
o handsotlr urlns besides paying fat
dividends. lie proposed that Peru should
turn OYER 10 this company al the nation-
NJ franchises for the working OF all nat
ionh mines would give concessions for
she coffee, sugar and tobacco plantations
and the practical coutlVl Of the public
lands
Nv nation probably ever offered more
extensive concessions thnn won, routcm.
plated In Mr. Grnco's proposal. II Peru
granted thpm this company would have
control Of nparly All the natural GO.
sources aud the public works Of that
nation, fcru hesitAted for time, Her
mines she know were very rich and
there was some hope that the unfinished
railroads might be completed by private
capital, hut nj last the Peruvian con.
gress authorized a contract to be- made
with this company. granting ihcm eN-
elusive franchise for siNty-sN years, aud
guaranteeing tn protect the company in
the nossas Of them for that time.
These franchises represented resources
and enterprises whuse possibilities were
beyond the dreams Of avArlcc Experts
and cnelnecrs and scientists who won't
TO Peru Go examine and IMPORT, hning
chHrrel 10 report uatltigg but the truth
ns they found L. oninc back with tales
almost as marvellous as thefe which dng-
zlod the early Snaniaris In their de-
viipuon Of thr wealth Of the lncas and
the possibility Of lcyclppWr this wealth
was TO ho Ia the hands Of this company
for siytyglX years,
ON the gtrcngth Of these rports, hnck-
cd by the pledges Of the Peruvian gov
crnment, the company was formed, aud
IL WAS called the Peruvian corporation,
limited, II advertised to take the hanis
wherever they wcre held aud exchange
them for stock of the CORPORATION. The
first bonds were offered less than three
ycurs ago, and large blocks wrrr soon
inc the hands Of a COMMITTEES represent
ing the corporation aud tho h0ndhuldpra.
IL was expressly d,sirod Tint tho cor
pornti0n should secure an VI the bonds,
and In ou incredibly short time IL got
possession probably Of nll TINT were
available This enormous ISSUE OF bonds
has been cancelled hun not destroyed,
Il Va In The possession Of the Peruvian
corporations A collateral issue " Perm
WAN bonds rullcd ia and cancelled BY
the efforts Of the corporation, amount
Ing 20 several millions pi dollars was
some months ago burned by cs.Mnypr
Grace IN the presence OF Witnesses
INDUSTRY REVIVED
Having secured poyscsson OF uirsc
evidences of Pou'H debt and cunrolcd
thom, the contracts with the Peruvian
government being srued ANA scaled,
the Peruvian corporation, which il In
fnUt now the government uf Pcrl 80
inr us these great resources nru con
cerncd, began Ia prepare for The dpvel'
0pmont Of the enormous wealth Of HAT
nnton. COntWctg were given ont for
the construction Of the huc0mrrtud fail-
WAYS Tho Grace hruthrrA TURNED thrlr
lease Of the Oroyu railway over 90
the corporation, and others who hnd
leHso did the snmu thing Steps were
taken for the early Development Of
the cotton, sugar and tobacco plantations
and preparations were mnde for the
development Of the colossal deposits In
the Crfro de pnscn mines.
When these mines are developed IN
accordance with the best appliances Of
modern mining engineering, il IA be
! ncvcd thnt the output Of silver may NJ
/ val that Of the greatcstlu f the Amed
| can mines and this, Of fcnursr, VIII
cluse M important olcneHi 10 rutcr into
| tho consideration 0f The oliver question.
TO develop this mine, which u The idcn-
ticnl one concerning fabulous
stories traditions and tho timc
Of tie lucas are told, mndo IL
necessary that the Ornyu railroad should
be- completed, md q little over q year
nrd the contracts for this work were
given out Nearly an Of tiem went
10 Anoiicm contractors, leA-Muyor lie
wilt VI Nav York. for instance, re-
cciyed the contract for bridge TO spun
one of the most gigantic clnHms IN the
Andes. upon which railway tracks nj
a higher elevation than amy other bridge
structure in the world were 10 be- laid
Moiggs had built bridge over ibis
chnsm II was au iron structure, thU
central piece was the lott.ctt IA
the world. but there came one Of those
sudden and very unusual storms Of
the Andes in which lofty torrents OF
water are collected In almost incredibly