The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-10-16

steamship tickets and come out here and
look into the tield They should briag en-,
just what the different properties are
worth Take, for instance. this town o.
Conception. II contains 4o,eN people, ana
is one Of the best cities in Chile. 1t IS only
eight miles from Taicahuano. a town OF
Io.oo0 on the best harhor south Of san
Francisco. II has naval dry dock and
I'VE lines OF European steamers call regu-
larry there. We have here 4 horse rail-
road. which IS now paying s per cent. divi-
dends on rs capital e S-oas? Sh ne. or
Il can. / believe, be bought Tor the par
value OF its capital stock. and the system
II made an electric one would pay enor-
nous dividends II has now ten miles oi
track. and the city Will grant charters for
extensions 20 the other streets ana a
branch could be built TO Talcahuano. We
are, you know. here right in the center OF
the great coal regions of Chile The screen
ings OF the mines can be used for general
ing the electricity. and these cost here only
50 cents OF your money a ton.
There Is also chance for steam rail-
road near here" continued the old sea cap
tain. The government and people are
anxious to have one built from Pence on
The coas, fifteen miles 10 Tome and thence
north 10 connect with the government line
al Parral, This would be over 100 miles in
all ana II would pay we'll. as the route
goes through rich country. The govern
ment would probably guarantee AZ per
cent. on the cost Of construction. At least
that Is what they have offered an English
company upon The plans which have al
ready been made for the road.
Money In Mines.
Il think there is a lot OF money TO be
made in Chilean Mines Capt Wilson
went on. Some Of our best copper mines
are idle for lack of money 10 work them.
The ore is in sight, but there is no money
10 get IL out. The nitrate fields are spot
ted with English companies who have put
over slo1,ooo.dq1 into them. and have taken
vast fortunes out. They will tell you they
are losing money today. but their stock
has been watered again and again. The
coal deposits about here are very valu-
able and only a. small part OF them are
being worked. They extend for about 100
slop:ng down under the water. The Cou-
sino fortune of millions was made out OF
the mines at Lota, about twenty-five miles
from Conception, and those of Coronel.
several miles under the ocean, are very
valuable. Twenty miles away. on Aranco
bay, there is coal property that / was
once asked to manage. one million dol
lars had been spent upon 1t. and 1000 men
were at work. / saw at once that the
work was going the wrong way. and that
the seam went down under the Sea, instead
of into the land. l stopped the work at
once. and upon the investigation of the
engineers the works We're closed for lack
of money, the company being bankrupt
That mine could now be bought for SD u0V
in god. and 100000 put into working it
would produce, / believe. G0oo,oN0 / was
once the manager of the big Puchoco coal
mines which are Of the same character
and which now produce 10000 tons OF coal
year
Were at the time / had charge the prop
erty Of Baltimore men. took out 1lo,GOu
tons of coal the first year, and we made
throughout an enormous profit. running as
high at times as 80 per cent. a year. This
coal region is. you know, practically the
only one on the west coast of South Amer