The Birmingham age-herald., 1913-09-03

opportunities for exploiting not only the
very rich mineral deposits. particularly
gold and silver as well as tin but also
the agricultural resources of Bolivia. IN
Mr.. Knowles opinion, some day when
transportation facilities have been per-
| fected, Bolivia will be a rival of Brazil
| as a grower and exporter of coffee. The
coffee plant is found in the interior of
Bolivia growing Wild as it was in Arabia
when the properties of the coffee bean
We're first discovered, centuries ago. There
are also the fascinating and romantic
tales of rich rewards associated with the
conquest by the Spaniards of the peaceful
and curiousy civilized peoples who dwelt
upon the west coast of South America
and beyond the Andes.
The Greater Opportunities
Men of capital who seek opportunities
for profitable investment OF it, knowing
that the greater profits are associated
with the gerater risks are already ex-
plotting the mines of the west coast OF
South America or are about to make in
vestments of that kind. Some time ago
there came the announcement that
Charles NJ Schwab. had secured from
the government of Chill large and very
important contracts involving work which
may be carried on in whole or in part IN
the Bethlehem steel woroks or in the
nonncement was looked upon here as an
indication of the manner in which Amer
lean capital is gradually but surely se-
curing a footho1d in South America which
VIII be reflected In increase in our COM
mercial relations with that continent
1t was an American citizen, William r.
Grace, formerly mayor of New York
who 80 years ago, in association with his
brother, Michael p. Grace, obtained great
mining concessions in Peru which were
afterwar dturned over to an English syn
dicate. 1t is American capital aggregat-
ing several millions which is exploiting
the abandoned but once very famous
Gerro de Pasco mines of northeastern
Peru, on the eastern slope of the Andes
This. work is undertaken not so much to
mine silver as to work the rich copper
deposits of these mines. To these mines
Mayor Grace called the attention of
American capital Incidental to the
working of these mines a railroad is 20
be constructed which will furnish trans
potration to port on the northern coast
of Peru, thereby making the employ
ment of the llama as a freight animal no
longer necessary.
Mr.. Schwab in Chill
Mr.. Schwab's very important and large
contract with the government of Chill
was. in the best meaning of the term, a
y l
probably did not contain as important
news as another business achievement Of
Mr.. Sehwab of which the public has had
little knowledge. He Is understood TO
have secured control of very rich de-
posits of iron in Chill so rich that the
mines are thought by some of the ex-
perts to snrpass any other mines now be-
ing worked anywhere in the world.
One of the estimates that have recent
y come from Chhi is that this mine will
supply that country with all of the iron
needed no matter how great its develop
ment may be, and it is sure to be very
great for the next 300 years. A rough
estimate fixes $200O0000 as the invest
ment of American and European capital
in these iron mines of lower Chill. And
it is American capital which is working
what are said to be very rich copper
mines in a part of Chill. Those who sue
ceeded exsMaSor Grace in the manage