El Paso herald. (El Paso, Tex.) 1901-1931, 1910-08-13

| over the peninsula He finally found
! certain deposits which he thought
! might be used for pig metal. The coal,
however was of a low grade and it
needed special processes to fit it for
coking. He offered prizes for the in
vention Of such processes, and when
| they were discovered he proposed to
| the government that it should grant
! him concessions for starting the indus
/ try. but he could get no satisfaction
| He was then forced to drop the matter.
J Twenty years later he again took II
! up with lord George Hamilton, the Sec
rotary of state for India and inter
ested him. Lord Hamilton told him
! that the government would be glad to
aid him in such an undertaking, and
as a result he again began his investi-
/ cations, spending 100000 or SO upon
I them in the last years of his life. We
! have continued his Investigations"
Iron and MineraI Deposits.
What did you find?'' I asked.
Much that no one imagined existed,
was the reply The geological survey
had mentioned several iron deposits.
We reprospected them and finally
thought we had some large enough for
our purpose. We sent D the United
States for experts, and among others
secured Charles Page Perrin to tell us
whether it would pay to work the
mines. The first deposits we examined
were not far from Nagpur, and upon
our arrival at that place we went into
the mineral museum. AS We looked at it
Mr.. Weld, one of our American mining
engineers. observed some fine ore la
beled with the location of the deposit
We looked it up in the geological sur
vey and found the ore was described
in three line of print
I'VE went to the place and discovered
there two great hills of almost solid
iron. The ore was 20 percent pure and
superior TO the best of your ores. 1t
was the equal of almost any ore of
the world In testing 1t we used
diamond drill, sinking If into the ore
bodies to a depth Of 100 feet. We as
saved the borings and found the ore
good throughout. We reported this to
the geological survey, but they claimed
there must be 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, we found deposits of good cox
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 Will turn out 500 tons per day,
and our blast furnace will have ca
pacity of 200 tons every "a hours.
Swndeshi Iron and Steel.
Your works should succeed the bet
ter on account Of the Swadeshi move
ment" said I.
They will be favored by the East In
dams on that account" was the reply.
Our people will patronize home indus
try and Swadeshi goods or goods made
by such industries will undoubtedly be
purchased in preference to imports
from abroad of the same quality and
of the same price When our works be
gin operation. India viii be taking
about 100000 tons of foundry iron
10000 tons of steel rails and 10000 |
tons Of bars and plates. It will have to /
increase its imports ~ locomotives, |
bridges and steel building materials.
If we get only a small percentage of
this trade we shall have more than we
can do
VIII India ever export steel to China !
and Japan.
L doubt it" was the reply. China !
has already started big steel works T!
of its own at Han-Yang. It has far I!
greater mineral deposits than We have |
ard II might supply Japan, although |
that country has already established an |
extensive steel industry. Our home mar |
ket will take all that we or any native |
institution can make for generations to !
come
India's Hoarded Wealth.
But has India the money to establish /
such institutions p"
There is no doubt of that fact re- |
piled the Parsee capitalist. There are (
millions in India awaiting inves tIrent |
if the people can be sure that the |
money will pay devidends without dan !
ger of loss I don't know that YOU have
heard of India's buried wealth It is /
gold 20 the amount of $4,000, 000.0 600 is !
millions which are boarded in the shape {
OF jewelry, and al great amount is hid
den away in small sums. We want to
get this money into circulation and |
hope to do so some day. AT the same
time we have many rich men and there
is no reason why we should go outside
for capital
IEdia's Cotton Industry
The conversation here turned to the
cotton mills to wnica the Ta;as arc so
largely interested and which the father
Of d. J. Tata built up. I asked Mr.. Tata
as TO the condition of the business
1T is rapidly grow ing said he I'VE
now hare here in India over 200 mills.
and 200 more could be established and |
run at profit. Most OF our mills work
lay and night. and we cannot supply
The demand. Our home market is enor-
mons We hare 400. j0c.9pe people and /
they all dress in cottons- Just over the
way is China, which is waking up to
the western civilization and increasing
It's wants. There IRE 400, Dor. goa there
Who wear cotton. There is a big market
Farther India, and to the west Of us !
IS well as in Africa. Indeed, the mar
lets for the cotton mills of this part
IF the world are so great that we do !
not need those of either Europe or
America"
Your father established some Of the
,irst spinning mills. did he not?"
Not the first. There was a cotton
IL LIT -.