The Republican journal. [volume] (Belfast, Me.) 1829-current, 1899-08-31


Under Proper Management the Big
Maud MAY Yield More Bonanzas than the
.,,n,lil,e. silver, Iron, Copper and As.
stali Mining.
..,s,iai correspondence of The Journal
f,,xlnAD DE CUBA, July %. Accord
ra official figures, the Cuban trade with
II. uiled states in its best years, co.,
mounted to $102, 364, 204-four times
aneh as ever with China or Japan,
t.eu times as much as with Russia,
even considerably more than the grand
... nj our average annual trade with
-a5 Hungary, Russia, Sweden and
..el7. Denmark, Turkey, Greece, Italy,
and and Portugal combined. If
he case when Cuba was in the
.-e of penurious and poverty stricken
d what will it be when her resources
ii few years fostering under the
.. ~ wing of the richest Republic?
Isl as large as England, and about
mes as big as Belgium, if the island
... aecomes as densely populated as
.ri hose European countries it will
s>tain twenty four million inhabi-
Amorg Cuba's most urgent needs
v are railroads, and all that the
If them implies; and in this
ALONE American capital and labor
untold bouanzas. The need of
machinery is also very great,
llN to replace the many million dol
} destroyed in the sugar mills,
now needed in the increasing
al tobacco industries, in convert
..l beans int chocolate, palm nuts
- lI and oil, fbres into cordage. pa
textile fabrics-in short, in the
...t,-ture of all manner of articles in
ly use, which have never been,
aid be, made in Cuba.
-at deal of mining machinery has
.a4,t been shipped to the eastern end
STAND, and more is on the way.
-auish-American Iron Company,
. has its main office in New Y ork
md is largely made up of capitalists
... sNe been active in the Lake Superior
bllsiness-the Colbys, Elys, Rock
are the principal stock owners.
Der 0f years before the war the
llI acquired control of several thou
s. lcgas of valuable iron ore deposits,
liz southeastern portion of Cuba, be-
u.er ~antiago and Guantanamo. Many
s.ad Of dollars were expended in ex-
he property, opening the mines
81 establishing facilities for handling the
..rlt rs there was no harbor convent
-u the mines, in order to ship ore
-I- uIcaIy, it was necessary to con-
.1 IN artificial haTbor by building a
ta. uIeakwater on the open coast, few
east from Santiago. Loading piers
-.s IiLt large enough to load four yes
.a nee. These and other expensive
HiJns We're practically completed
Years before they were put to use,
sc the company adopted the policy
ing tor advantageous market con
Finally reduction of the duty on
.t, from IS cents to 10 cents the
uJ an Increased demand for Besse-
more in eastern Pennsylvania,
the shipments. The Spanish
lu Iron Go. made a contract with
Ausou $. 5. Go. to transport 50, 900
IT ore to points north Of Cape Hat
and fol a time all went merry as
-e bell Quantities Of ore We're
ged at Fort Richmond and carried
.44res along the line of the Philadel-
4l Reading L. H.; and then came
and called a long halt in the pro-
eldest, largest and richest iron
company in Cuba is the Juragua,
Jointly controlled by the Penn
La steel Company and the Bethle-
ION 90. The Sagua la Grande Iron
Vas also organized in Philadelphia;
believe was the Baiquiri. 1t is
, fed that the four companies above
have invested not less than fifteen
dollars of good American money
IAN mining property; therefore it is
Sale b. conclude that they are not going
waste theiI millions and that presently
will be such a stir in these rock
eo Mills as Cuba has never witnessed
There are whole mountains of
in the neighborhood of Santiago.
which, before the war the Juragua
t- aaiquiri were shipping from 80, 600 to
'9 tons of ore per month, to Pitts
-- cteelton and Bethlehem. The ore
per cent. pure iron; and strange to
some of it returned, like bread cast
he waters. The war-ships that late
s1eled these same Santiago hills were
4aQa Of metal brought from those very
glts, and the shells they threw were
4p0sed of metal derived from the same
yae
l-e act is that Cuba's mineral wealth
va never in gold and silver, as the early
p5AiaTds supposed They found the
-.ans wearing ornaments of beaten gold
0lably obtained in trade with Mexico
f-- entral America-and in their greed
IF IIscuVeT where the nreciOuS metal was