The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1910-08-16

ore of the world. In testing il va
used a diamond drill, sinking it into
the ore bodies 10 2 depth OF 100 feet
We assayed the borings and found
the ore good throughout We reported
this TO the geological survey, but they
claimed there must 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 Mt.
Tata, We found deposits OF good cok-
ing coal not far away, and also lime
stone and the other necessary condi-
tions for iron manufacture We were
granted concessions for these various
deposits. and as a Result our steel
plant IS now going up. We have coke
ovens which viii turn ont 500 tons per
day, and our blast furnaces Will have
q capacity OF 200 tons every twenty
four hours :
Swadeshi Iron and steel.
Your works should succeed tbs
better on account of the Swadeshi
movement said /.
They Will he favored by the East
Indians on that account was the re-
ply, Our people viii patronize home
industry and ~Suadeshi goods or goods
r9ade by such industries viii undoubt-
eddy be purchased in preference to
imports from abroad Of the same
quality and Of the same price. When
our works begin operation India VIII
be taking about 0 900 tons OF foun-
dry iron, 100000 tons of steel rails
and 10000 tons Of bars and plates.
1t Will have to increase its imports
Of locomotives, bridges ana Steel build
ing materials. If we get only q small
percentage Of this trad We shall have
more than we can DO"
"Will India ever export steel to
China and Japan I'
4 doubt It," was the reply. China
has already started 4 big steel works
Of its own at Han-Yang. Il has far
greater mineral deposits thsn we
have, and it might supply Japan. al
though that country has already cs-
tablished an extensive steel industry.
Our home market will take all that
we or any native institution can make
for generations to come"
India's HoarCed Wealth.
Put has India the money to es-
tablish such institutions?'
There is no doubt Of that fact"
replied the Parsee capitalist. There
are millions in India awaiting in
Nestment if the people can be sure
that the money VIII pay dividends
without danger Of loss. | don't know
that YOU have heard Of midas buried
wealth. It is enormous. | have seen
estimates that gold 10 the lot Of
three billion dollars is buried under
the ground. There are millions which
are boarded in the shape Of jewelry
and a great amount is hidden away
in small Sums. We WanA.to get this
money into circulation a~nd'hGDe to dc
SO some Gay. At the am time W.
have many rich men: and there IS NJ
ease why we should so outside FOL
capital"
India's Cotton Industry.
The conversation here turned TO the
cotton mills in which tho Tat2S are So
largely interested and which the
father of D. j. Tata built up. [ asked
Mr.. Tata a. to the condition Of The
business.
ct IS rapidly growing" said he
I'VE now have here in India over zoo
mills. and 200 more could be estab-
liehed and run at u profit. Most OF
our mills work day and night, and
we cannot supply the demand, Our
home market is We ave
G COCO, 600 people, and thev all dress
in cottons. Just over the way IS
Chtna which is waking up to the
western civilization and increasing itS
wants. There are 100000 GOO there
who wear ccttona There is a bis
market in Farther India, and TO the
west Of rs as well as in Africa. In
CONTINUED on Page FIfteen.)