The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-01-26

lower down are sugar lands so connected
with mountain streams that their re-
fneries could be run with waterpower-
AS to mines. mericans are largely
Interested in them in different parts OF
Honduras, and some of the mineral pro-
perties are valuable. Altogether, seven
hundred mines of various kinds nave
been denounced. and there are placer
deposits in the beds OF the rivers from
which the native women are taking gold.
washing il out through d sieve. The
Rosario mine. not far from the capital.
has been operated for over thirty years.
and from it alone has come gold and
silver to the amount of $1,000 600
Honduras has rich deposits OF lead.
copper and also of iron. zinc. nickel
and coal
The Case of Nicaragua.
The posi- bilities of Nicaragua are
equally good That country has an
area of forty-nine thousand square
miles. and the greater part of this is
good land. The mountains contain
large deposits of gold and silver. and
more than FIVE hundred gold mines are
registered in the bureau of statistics of
the republic. American and English
com panies have secured mining con-
cessions. and. as II Is now the principal
mines on the West coast are in the
hands OF English capitalists There
are rich placer mines on the Atlantic
slope. and also quartz mines and gold
bearing reefs. was told in Costa Rica
that If conditions can be made safe in
Nicaragua. its mineral deposits viii be
rapidly opened and that much Ameri-
can capital IS now ready for invest
ment there
Nicaragua has great limb resources
Its coffee Is Of the finest quality and
there are extensive lands which colud
- f4a. F.nG 70 .a.v1-
duct Of the plantations Il already more
than a million dollars a year and the
biggest sugar estate Of Contra America
IL located there There are also extern
sive banana plantations. the fruit
going 10 New Orleans. while quite a
large area j. devoted 10 the raising of
cocoa the industry being subsidized by
the government. At present the output
is consumed in the country. selling at
from % TO Is cents per pound. The aver
an orchard viii yield Co pounds to the
acre. which means gross receipts of SID
per acre per annum.
A Loan OF S15.OOO,OOO.
The loan TO Nicaragua is SIS OoO. COO
and IL u should be carried out il Will
result in the putting Of that country on
a sound basis secured by the customs
in = land where the paper money mas
been worth as low as cents on the
railroad development backed by Ameri-
can capital. d road having been planned
from Lake Nicaragua to the east coast
forming in connection with that lake
tranScontinental route across Central
America. There - 10 doubt but that
the interest could be paid by the Gus
toms which would probably increase
through our management. During the
pending OF the treaty the government
there put the customs under Mr. Cliff
ford ID. Ham. former collector At the
mort % Manila. and under his admins
ration the receipts have almost trcbled
At the same time there IL much oppo-
sition 10 the loan. and when Secretary
Knox visited Nicaragua a plot was made
to blow VI ms train AZ II passed over
= bridge This was discovered through
the premature explosion or a cartridge
we're arrested as being connected with
Costa Rics and Salvador.
Asto the Costa Ricsn debt. that coun-
f-v has a bette. credit than any other OF
the Central American republic and its
FINANCES are more honestly managed Its
foreign debt tn 1910 was about 81 co 90.
OF witch almost half was arrears Of in.
feresfs The boncholdcrs met together
however. last January and made = set
element which cut down his amount
almost hsif. and the interest rate was
only or per cent.
The Costa Ricsn resources are very
Great and The Fcpuh Bile has revenue 80
present 81 about $4,000 per anuum.
A. TO Salvador. o. owes nearly eleven
rnififons ~ borrowed over seven mil
lions in fss9 60 start the railroad which
which runs ~ from Acalb 70 Ateuas.
d. dfefarec Of thirty fvc miles Only
seven miles 81 tho railroad were built
with that money. the balance going 20
fho r,oli-friaua Ten ycars later the
goverrucrt finding that the railway
did not pay. converted part 81 the
rational debt into securities % the
Ssivador Railway Company. agreeing
20 pav that company = subsidy OF Sis
~ = wear This road belongs % the
british. and 20 has been extended 20
cafvador CITY and Santa Aua. The
c.lvador rcuuhiic fas rot aside certain
customs duties TO iiouidstc it, foreign
debt. and amone these ~ tax Of
"a cents on every pound Of imports
brought into me country. and an ex-
s,ort duty Of g. cents on each hundred
pounds % coffee.
Dollars Versus Bullets.
The policy OF the United states a. 20
these Central American debts has been
called dollar diplomacy I understand
fbc state Department does not obi q 4