The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-03-24

men as J. +. Haggin, Henry c. Irrick
the Nanderbilts, the Hearst estate and
othefS. These men have already spent
tens OF millions of dollars in develop
ing the property and they have mines
mere mat are worth l am told. at least
n1ty millions OF dollars. The blsi-
ness Is not a stock proposition. The
soafSS are not quoted on the exchanged
ana so far as I know no stock has
ever been offered for sale. The oper-
ailoh OF the mines is on a plain bust
ness basis. No expense is spared TO
produce economic results and for
some years the company sank millions
"1thout being absolutely sure OF re-
turn. Today their mines are worked
at q profit, and his has been the
case for several years back. In 1907
they shipped over 20, 900, 600 pounds
OK copper and the smelter near here
ls' row turning out 1000, 900 pounds
or copper matte every month. This
matte goes to New York, where. as I
nave said, the gold and silver in it
Q pays he expenses OF mining
n reduction, leaving the copper as
alIpcst clear gain.
The extent Of the operations of this
American syndicate Is almost incon-
~ceivable. They ave ON here to the
tops Of the Andes, at an altitude of
almost three miles above the sea, and
have developed an industry which
would be enormous in any part of the
world. They have built q srnelter
about six miles from here which sur
passes anything on the South AIneri-
can continent and which in many re
spects is like nothing else ever Known.
They have built up q town there II
they practically support this city Of
Cerro de Pasco. They have thousands
Of men in their employ, and there are
perhaps six or eight thousand Indiana
or native fb0p1ZiorS yTor!-.nCs in tho
mines and the snelter. They have
within about twenty-five miles from
CerrO de PaScO great mines of btu
ninous coal, which they nave con
nected by railroad with this town and
the shelter and they make their own
coke and furnish their own fuel. They
have QUILT n standard-gauge railroad,
which is by far the best in Peru, from
Cerro de PaScO TO OrOyO, and they
; have more than q hundred miles Of
: track, over which cars go as smoothly
as any i'll the States, and hat not
,, w~ithstanding the altitude OF the road
! ranges from 1000 to $4,000 above the
= sea. It is this road that connects
!. them with the Central railway OF
. Peru, by which their ore is taken
. own to the coast.
: In it's purchase Of the mines the
! company included a great deal Of land
=, IT has here q hacienda which covers
I oOoot Wv 80 eNAO X
day and a half to ride al around it
Z This hacienda is highly mineralized
. but the title to such lands in Per,
= gives only surface rights, and any on'
y can prospect and claim any mine h
II d~iscoyers In addition to the mines
, the syndicate owns, through one Q
its branch companies, q great cope:
= property at MorOcccha where l an
!" told. the ore is wen richer than tha
al CerrO de PascO. The mines Their
~ are almost three miles above the Sc
" level and they are now being worked
$: They are not far from the Centra
,; railway and they will have a dow
"a grade al the way to The seacoast a
- Callao, starting within q few mile
- OF the mines.
- Indeed, it is hard TO realize IN
~ values il the copper which is benz
=. found here at the top Of the Ande.
The ore which is now coming cut Q
a. CcrrO de Pasco averages from 8 to i
~ per cent OF pure metal. That mean
that there are 200 pounds OF cope
in each ton. From a single Ton c
ore they are now getting u produt
enual 10 S32 worth OF copper. 81
lS worth ii silver, and 81 worth of golt
'"t This Represents the values in the roc
liz at the mines and. Of course, the eS
y pe1ses Of getting il to the market an
nc Of smelling and reducing must C
ne considered. Nevertheless. II Is doub
ful whether there is any other plai
in the world which has such valuab.
Is copper deposits II bu few Whel
re, The deposits are Of such enortno,
nd avter+ 81 far the Americans kno
m that they have a great mass OF 81
in right under this city with veins run
ming out il J dozen directions. Ho
At biz this mas is they have not disco
in cred. They have been going dow
On deeD.r and the copper is richer al II
eav. Said one OF the superintendent
TO me:
,an you might compare the copp
to- formations here 10 your hand. /
The palm represent the great ma
and your fingers the VEINS. As II
now we are WORKING on cIe OF II
no veins and We have enough ore