The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1912-07-09

grazing land" continued President
Afosemena. The climate IS such
that the cattle can feed out Of doors
all the year round, and We have three
varieties Of rich grasses to fatten
them. Take the province Of Chlrlqui
in the northern part Of the republic.
There is a region there known as the
Divila country, which has many
square miles Of plains covered With
grass which is dotted here and there
With groves.
The country is we'll wstered. but
there are no Wamp although il
rains almost daily for about eight
months Of the year Still the rains
are short and for the most Of the
time the weather is clear. That land
IS splendid for cattle, and it has more
stock than all the rest Of the repub-
lie. 1t has already a number Of large
ranches and there is room for many
more. ! dOubt whether We have more
than fifty or i hundred thousand head
Of stock in Panama now, whereas I
have seen il estimated that our lands
would sustain 5000, 900 head. When
the canal is completed there viii be
4 great demand for meat from the
ships passing through. and it ought
TO be supplied by the isthmus. 1t
seems to ne there should be a great
deal of money in cattle raising. As
It IS now lean cattle may be pur-
chased at from SIS to SO 4 head.
After they have been grazed for six
months they will bring $50 and up
ward"
Real Estate at Panama.
What opportunities have YOU ont.
!, side of farnaing?"
Ihere IS q great deal Of money Il
be made in real estate" said the pres
ident. With the completion of tn,
canal there is sure to be a demant
! Tor farm lands and plantations o
d various KINDS. Their is a steady ris
IN real estate values also both a
lanama and Colon. | have propert
here which is worth ten times Wha
Z l pald Tor 1t a few years ago, and
have put up a building at Colon whiC1
= cost me only $1,000 and which ha
been netting me 800 per month i
rents. That property is now pawn
d for the building every year. knoy
Of buildings here in Panama whic'
- are doing as we'll. Rents are ex
: ceedlngly high and we have a nun
Der or men who have grown rio
: out Of their real estate deals. w
- have several milliOnaires and some G
them have incomes of over $4,000
year. The P~anamanian minister q
Washington receives something lik
o. $4,000 per Month from his real estat
!, investments, and | venture the y
:: Espinoza Of this city does equal
we'll"
- Banks Which Pay Dividends.
- And then there is a great deal {
money in b~anking,' continued tn
10 president. You can loan here a
the money 0 have On good securit,
- at 8 or 8 per cent. The old rate {
interest used to be "a per cent, b,
- we have cut that down by establisf
= ing our national bank. which make
- loans on real estate at I per cen
~ and on jewelry and other collater:
at 9 per cent. That bank has a nj
lion and a half capital, and its n
- profits last year were 100000 III
y. other banks make more
~ What is Panama doing to ope
~ up the interior Of the country?"~
mot as much as we could wish
replied the president w ha'
=. some roads and we expect to bui
ne more. We have had plans for raj
= roads. but the time is not yet ripe
e. build them. All that viii come, az
ne in the end we shall be a thickly pop
- lated land"
old and Pearls.
How about your mineS'
~ eve have some gold mines Wor
OF ing right here in the central part
ne the isthlnus, and there are others
Darien. We know that We have co
'ur per and other minerals, but the cou
iat try has not been thoroughly Pre-
pected."
faa How about your pearl fisheries
They have produced q great de
40 in the past, but We have not be
taking care of them and they do Il
yield what they did. | have be
he me es'eu III 80 - "a snn
weighed twenty-three carats. and W
,ho Of a beautiful shape and fine col
That pearl would bring 10000 tod1