Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-09-26

Selling Agents, SHANNON o.
se14-d.esu
nine years, the government reserving the
right to purchase the whole or any part
OF the property after a period of sixty
years, on the basis Of the average gross
receipts for the previous fve years. Inc
syndicate agrees to complete the nrst
third m Ave year, the second tnira IN SIX
the total cost being Astimated at one hum
dred million. dollars. The government re-
serves the right to regulate charges 1or
freight and passengers. ana the company
agrees to transport mails, soldiers and
military Supplies at certain reduction
from the regular rates. The property rs
to be exempt from taxation for certain
period and all materials are to be admitted
free of duty, but the company must EN-
ploy subjects Of Turkey In the ope. ..uo,
of the road, as far as possible. ana tney
must wear the fez and such uniforms as
the government shall direct
The company is under obligations TO
give preference to the. government IN
Of. troops and supplies IN
. The Yundts for p6yink the cost off con.
struction are TO be raised by an issue OF
bonds, and at least one-half OF the totai
must be offered publicly to Turkish SUB
There il no subsidy or guarantee OF IN
terest or principal. and no hnAncial oon-
ration whatever on the part OF the gov
eminent, but the development company:
which is organized under, the. laws OF
New Jersey, with the right to form subor-
dinate companies, will have the exclusive
right for ninety-nine years to exploit ana
work directly or by leases to others all
mineral and petroleum deposits. all quar-
ries. mineral water spriPgs known 9[ I'm
kneSn WITHIN e. af ns .S % t ,rscks the
entire distance, a total Of about niteen
hundred miles through the heart or Iur-
key. - p.
II has the exclusive right to all water
power within twenty kilometers OF tne
purposes; 1t is authorised
to furnish light and power to All towns
and cities within a zone OF 100 kilometers
on both sides of the track; 1t has the ex-
elusive right to operate boats on Lake
van and build and operate smelters fur
naces elevators, warehouses, wharves,
machine shops and variety OF other In
duStrieS.
May Also Operate Stores,
One of the most important features Of
the concession is the right to establish
stores to sen such merchandise as j.. may
deem proper Or useful to the public END
to. its own. employees. 80 80
). The eonpany is authorized to construct
and operate; telegraph lines for lbs own
use. but 1t cannot do a commercial busl-
ness. because that would interfere WIN
the government telegraph. which is a
part Of It's postal service.
The enterprise being Of public utility,
all property belonging to individuals can
be expropriated whenever necessary Tor
carrying out the provisions Of the con-
granted which may Interfere with the
conditions Of the contract are to be ter
minated as speedily az possible. The
government undertakes TO indemnity the
TIE resources Of. turkey have never
beer, developed. Nothing has ever been
done by the government, and very little
by individuals, because whenever Turk
discovered anything of value or acquired
any wealth he was robbed. blackmailed
and prosecuted. and the government con
fiscated whatever he had OF value. Abdul
Hamfd had a personal title to much val
BILE property such as mineral deposits,
petroleum, wells, stone quarries and for
ests, and kept the title in the name OF his
men. The new government has
all of these properties. and
the titles are nov. IN the state. All such
property lying along the line Of the pro-
posed road becomes subject to the con-
cession, +. ,..--,
The Chester .eynd1cate mus OBTAINS the
exclusive right to- work certain coal de-,
POSTS that, have been operated more or
less by the government from time to
time The deposits are proba bly, the most
Of all property In Turkey. They
are OF unlimited extent and the quality of
the coal is said to be as fine as that of
Card1n.
Ancient Copper Mines.
1.hA.. e. = AAoos1f 6f conner at ArShan a .
which has been worked In a rude way
for several thousand years, and is be-
lieved to be one OF the most valuable in
the world. It belongs to the Turkish
and has been producing
the benert Of the government Several
syndicates have beer" organized from
time to time to get hold OF it, but the
sultan would never let it. 60
Other extensive copper deposits are
known to exist. but they have never
been developed Or even explored. There
h q very large oil territory in the neigh-i
OF Mosul. In the valley Of the
Tisris, which has been known for centu-
ries. So long ago as the reign OF Alex
,eepage for lubricating purposes. for lini-
nef1ts and for fuel There is oil in other
localities along the line and no end OF
cad. zinc and other minerals Of greater
Or less value. Inc 1nOuHldIlS through
which the railway will pass have been
the source of the silver supply of the
Arn1enians and the Kurds for twenty or
thirty centuries. but the mines have
never been worked by modern processes.
It is believed that the mineral deposits
alone represent hundreds OF millions OF
loilars In the territory covered by the
.pncession, without regard to other in
erests Of value The development COM
,any, which will own the concession,
proposes to divide ana separate these in
erests among several subordinate COM
,anies one to build, and operate the rail-
way, another TO operate the coal mines, |
mother to operate the copper mines, an
,ther: to develop the oil deposits land |
,thers to undertake the development OF |
he various interests. Numerous propo- |
itions have already been received from !
yndlcates and individuals who are |
ware OF valuable minerals timber and |
,ther resources along the proposed line, /
ma have been trying to obtain conces- /
ions from the TurkisA government in
ain TO develop them.
YEARS SUPPLY OF COTTON.