The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-14
NUssERwANJEE TATa
Indin's MiIlionnire Philanthropist.

midas MNliOnnfre PhilunthrOpist.
ton OF the deposit. We looked 1t up
in the geological survey and found
the ore was described in. three lines
OF print
"We went to the place and discov-
cred there two great hills OF almost
solid iron. The ore was 10 per cent
pure and superior to the best OF your
ores. It was the equal Of almost any
ore OF the world. In testing It we
used a diamond drill, sinking 1t into
/ the ore bodies to q depth OF 90 feet.
1 We assayed the borinEs and found the
| ore good throughout. We reported
this to the geological survey, but they
4 claimed there mustsb be q mistake. They
sent out their own Investigators. and
they reported that the iron was even
better than we had represented
"At the same time, continued Mr..
Tata, 1--WE found deposits Of good cox
Ing coal not far away, and also lime
stone and the other necessary condi-
i tons for iron manufacture. We were
granted concessions for these various
deposits. and as result our steel
plant Is now going UP. We have
coke ovens which W IL turn out 500
tons per day. and our blast furnaces
will have capacity Of 200 tons every
ltwenty-four hours.
swndeshi Iron ana Steel.
y our work should succeed the bet
lment," said r.
They will be favored by the East
Indians on that account" was the
reply. Our people will patronize
home industry and swadeshl goods or;
|fgoods made by such Industries will.
undoubtedly be prchased in preferences
Ito imports from abroad Of the same
quality and OF the same price. When
our works begin operation India will
be taking about 100000 tons Of foundry
| IRON 100000 tons of steel rails and
10000 tons Of bars and plates. It
Will VIII nave to increase its imports OF,
I.locomotiyes. bridges and steel building
materials. II we get only small per-
iEcentage OF this trade we shall have
more than we can do"
Will india ever export steel to
China and Japan?" IS
II d ubt It," was the reply. CHINA
has already started a big steel works
Iloff$ It's own at Han Yang. 1t hns far
Igreater mineral deposits than we have,
and ~ ~ might supply Japan, although
that country has already established
an extensive extensive steel industry. Our home
market VIII take all that We or any
native Institution can make for c ..,,s
lerations to come" 2 80
+ Indln's Hoarded Wealth.
But has India the money IA as.
ItablishES such institutions2n es-
Ihere IS no doubt OF THAT fact"
| replllled the Parsee capitalist. "Thera
ARE millions in India waiting In
vs. II the people can be sure that
| the money VIII dividends without
i 9ahger q loss, don't know that yon
nave Sheard u Indla's buried wealth
! =. ~ 81 l otnous. have seen estimates
a ena g N, 70 the amount%of $4,000, o oo,
1000 dollars is buried Runde n Z .-rn nu1s
\ There are millions which are hoard ad
1 in tho shape of jewelry, and a great
4 amount is hidden away in small sums.
we want to get this money into Cir
Il cu!atlon and hope to do so some day.
xa.5alhe same time we have many rich
\ nleh.and there is no reason why we
should go outside for cnpital."5.i5
q lndia's Cotton Industry.
rs, he conversation here turned to the
cotton mills In which the3STatas are
so LARGELY interested and which the
,a.he y @ o y, y Tata built up. 7 asked
A Alr, rata as to tho condition OF the
business iis8i M aafs ~
~, ny Is rapidly growing said I. he.
ms, ov now have hero IN india over
sxoo mills and 400 more could be /. es.
taphshea and run at "a profit. Most ST
oNr mills work day, and nigh, nd
A W. cAnnot:& supply the d emand, Our
n oea lOs, market naI 'ts enormous. We have
. goo people, and they all dress
y, me a ~ Just overt the way is China,
MM,u !, - Waxing up to the western
M gabSfs'aN3,an increasing It's wants,
,t tnn. W. 4, w. %, 900 there w wear
A saEther india, and IL 3the west 81 ~ II,
na,Ws !! ss In Africa, Indeed, the Il, az
y tof 'Ac cotton mills "a this nara