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

with economy, and awaited calmly and
hopefully the day when Perm would re-
lieya itself Of It's cinbarrasments,
lie was never TO soc that day. lie died
before the tide turned. His brother.
John MclgEs, who had been his right
hand in all Ibis enterprises, and who was
man Of unusual ability, started forth
to make another fortune. He went 10
London. He had almost nothing when
he arrived IN tile British metropolis.
Within ten ycnrs he had umassed "a
fortune of SlUOuO,OUO through business
relations with The Argentine Republic
and two years ago every penny OF II
was swept away by the failure Of the
Barings. Today John Alciggs Is az work
to make another fortune.
PLliU'S HUMILIATION.
The humiliation OF bankruptcy wns not
the seyerest which Peru was 10 bear, In
It's hopeless condition, discWditpd, with
out power to raise money and therefore
without means 10 support m army, L
was Ia that condition which Chill had
long waited to sre The aggressive re-
public to the south of Peru lmd coveted
the nitrate deposits which were ~ the
southern territory of Peru, and also its
guano fields which have been the cheit
source of rs prosperity as a nation Be-
contracts with some American merchants
giving the practical control Of the nitrate
field. Had she been able 10 fulfil The
contracts, Il Is probable that eH-Maynr
Grace of New York and bis partners
would have made fortunes c0mnnrably
with those Of the Astors and Wander
bilts
But Peru. powerless because Of the ob,,
legations entniled by the Oroyn railroad
9th "a
Chill. The war was short one. ana
when Il was over and treaty Of ponce
declared. Chill had these nitrate fields
worth hundreds OF millions, ana the 81
ano deposits themselves mines Of wealth.
After the war was over there was no
nation. al least no civilized roternintni
IN the world 20 PROSTATE rs terM anu
when her citizens looked AZ ne hhil ,oi!r
Melted Oroya railroad they viewed " IN
no bapur contemplation, hut With some
fling al anger M though 10 were 70
be ascribed nll these mlserief Her cred
h ,1,s not ,mfhrient' 20 enable h0r 20
borrow dollar The interest ON her OBJ
iigations had not been pnid for AK years
All there seemed ~ he little chance mt
II over would be- paid Her eolnmPI,t
iad noon almost ruined, and no one
te,arId nredict Inv future Of this nntion,
Ia 1850 Michael r Grace. Z younger
t,stbrr X eY.Mayor Grace Of New 1eF.'
a,,d Who had been assoeiaieh WIN WIZ
Nm h Grncc IN his earlier business "
Peru. leased the Oroya ralrond iioIn We
pervvinp government Pc expected 20
l., sbie 10 finish on he plans lai1 dNNn
bv Mr.. Melras Grace knew WIN ~,
tvcrd M Andes lie told tho. peoinIle
~ pam that they must not deeplir ~
,c ,horn "ff we can hnifh thi-
s saIh and strike Cerro dc Faseo
s ,'.i,,,s we can hy that act alone rrs,o,s
i,,a ',9,,,osnsrifv az Perm -Four hunima
I'M ;i,;,,n aoilars Of silver have alreadN Wtl
.,lar awav from these miurs .ln0f WI
sss,,ns ri ronnnercd ihis eopntiy, aIl
~. XIV e,rih mrs boon scarcely srr9,icF
fss' "T-tore arr Millions and inllhenH
-, ~ slrer ihere -,
~ n,.scnt century because q ~
70 w eosf and fleWprss or trul
..nr.e,lnn n wnf necessary W 49,
le enS Tins TRANSPORT gf'' nv
nAlliH f., ~ Aaacs % ne cp7.L
lIsl.a, an was nrnhhdre NJ giyet .l,a
nrAeu ~ NJ c-aee fnew ihat r3,-
itta- 5,bcf ever fhnn t,fer ny sni
tnht s-.-ia..r Cotton n o lrerhaI wv
vs.. ,,o aaality cniii M ouly ~ 49,
yslnnb ~, rsissd N the yeaF ,.,,'. y |
l.,ia he c1isisBied IL . go