The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-08-28
WAYS TO WEALTH IN CUBA
GOLDEN Opportunities FOR
PRUDENT INVESTORS.
Under Proper Management the Big
Island May Yield More Bonanzas Than
the KIondike-SiIver, Iron, Copper
and Asphalt Mining.

the KIondike-siIver, Iron, Copper
and Asphalt Mining.
| Especial Correspondence of the journal
and Courier.)
Trinidad de Cuba, July 90.
According to official figures, the
Cuban trade with the United States il
| it's best years C92, '93), amounted to
S102 1864, 2O4-four times as much as ever
with China or Japan, thirteen times as
much as with Russia, and even consid-
erably more than the grand total of our
average annual trade with Austria
Hungary, Russia, Sweden and Norway,
Denmark, Turkey, Greece, Italy, Swift
erland, and Portugal combined If this
was the case when Cuba remained in
the grasp of penurious and poverty
stricken Spain, what will it be when
her resources have had few years fos-
tering under the friendly wing of the
richest Republic?
Almost as large as England and
about three times as big as Belgium, il
the island ever becomes as densely pop
ulated as either of those European
countries it will easily sustain twenty
four million inhabitants. Among Gu
ba's most urgent needs of to-day are
railroads, and all that the building of
them implies; and in this feature alone
American capital and labor may find
untold bonanzas, The need of Ameri-
can machinery is also very great, not
only to replace the many million dol
lars worth destroyed in the sugar-mills,
but that now needed in the increasing
coffee and tobacco industries, in con-
verting cocoa beans into chocolate,
palm nuts into soap and oil, tibres into
cordage, paper and textile fabrics-in
short, in the manufacture of all manner
of articles in everyday use, which have
never been but should be made in Cuba
A great deal of mining machinery has
already been shipped to the eastern
end of the island, and more is on the
way. The Spanish American Iron Com
pany which has it's main office in New
York City, and is largely made up of
capitalists who have been active in the
Lake Superior iron ore business-the
Colbys, Elys, Rockefelers-are the
principal stock owners. A number of
years before the war the company ac-
CURED control of several thousand
acres of iron-ore deposits in the south
eastern portion of Cuba, between San
tiago and Guatanamo. Many thous-
ands of dollars We're expended in ex-
ploring the property opening the mines
and establishing facilities for handling
the output. AS there was no harbor
convenient to the mines, in order to
ship ore economically, it was necessary
to construct an artificial harbor, by
building a great breakwater on the open
coast, a few miles east from Santiago.
Loading piers We're built large enough
to load four vessels at once. These and
other expensive preparations were prac-
tically completed several years before
they We're put in use, because the COM
pany adopted the policy of waiting for
marekt conditions Finally
reduction of the duty on iron ore, from
rs cents TO 30 cents the ton, and an in
creased demand for Bessemer iron ore
S. S. Co, to transport 10000 tons of ore to
The SpaniSh-Am Iron
Co. make a contract with the Johnson
S. S. Co, to transport 80 900 tons of ore
points north of Cape Hatteras; and for
a time all went merry as a marriage
bell Quantities of the ore were dis
charged at Port Richmond and carried
TO furnaces along the line of the Phila-
delphia and Reading r. r.; and then
came the war and called a long halt in
the proceednes
The oldest largest and richest IRON
mining companv in Cuba is the Jura-
qua which is iointly controlled bv the
Steel Company and the
Bethlehem Iron Go. The Sagua la
rirande Iron Co was also organized in
and so believe was the |
Raiquiri. II is estimated that the four
above named have invested |
not less than fifteen million dollars of
good American money in Cuban mining
oronertv. therefore IT is safe to con- |
dude that they are not going to waste |
heir millions and that nresentlv there +
will be such a stir in these rockribbed I
Hills as cuba has never witnessed be-
Ore There are whole mountains of
ron ore in the ueighborhood of Santi-
,eo from which. before the war the /
Turagua and Baiouirl were shippipe,
rom 20 600 To 10 900 toms of the ore per
month to Pittsburg Steelton and Beth
chem. The ore is 60 per cent. pure iron
md strange to saw. some of it returned