The farmer and mechanic., 1914-09-01

OF Potosl that were opened VI by the
Spanlards. Since their besIl.nine they
nave produced three or four billion
collars worth of silver. and it is now
tnousht millions of dollars more were
thrown away in the tin which was
mixed with the silver. The Deonle di9
not understand the value OF the haser
metal. They could not realize that if
might some day be worth s110O a
ton, which has been it's selling nrice
WITHIN enc past year, although it is
now very much less. SO they took
out the silver and left the tin on
the dumps, whence it has been wash
ed away by the streams. All this is
changed and the great pront is now in
the TIN the Pososi owners having orig
| mated syndicate to operate the pron-
erty on silver basis They will work
the mines almost solely fer tin and
Will capitalize them largely en- Their
f2me III the past as silver producers
There are other tin mines of enor-
| nous value in the Potosi district. La
| Salvadora has produced as much as
] 100000 pounds of pure tin in a
month, and the Uncle mines are now
yielding more than a half million
| pounds of that mineral every twelve
hours. The Uncia mines are the
property Of Simon l. ra,no, who
might be called the tin king of the
world. He is worth many millions
and it all comes from tin.
1t is only a few years ago that
Patino was a poor clerk, working for
a few dollars month. lie had In
dian blood in his veins, and no one
supposed he would ever be more than
a hireIing. Then he found this pros
pect and tried to get his employers to
work it. They had no faith IN him OF
n q 70
claim for himself. In some way he
managed to get small capital. AT
first he practically lived III the mine
labOring there with the few Indians
he could hire at low wages. He
finally struck a rich VEN and since
then the mine has paid a. high as
$5,000,0 600 year. 1t sometimes yields
as much as 100000 a month.
PatinO has suddenly jumped from
poverty to eXtravagant riches and he
has hard work to invest the surplus
He is interested in banks and he ha:
bought houses and hacienuas ant
mines of various kinds. lie has bull
a railroad from the AntOfa gaSta lin,
to Uncia to get his ore out to tn
: steamers; and is installing the bes
of machinery. OF late years he ha1
been living in Paris and hi, proper
ties are now managed by agents.
? have already referred to the grea
blocks Of tin from the ratino mine
that will be shown at the worlds fai
= at San Francisco.
hear other rOmances Of tin for
> tunes made on these Bolivian high
lands. One relates to Germa
mechanic named Kemp, who opene
u a mine when tin was selling for S 10
: a ton. He had no trouble III dlSpoSln
of the property to a Chilean syndicate
| IN 9Ch n
an equal amount in the shares of tn
n mines, which were then estimated &
- par
p Kemp had no knowledge of tn
u value of money, and he supposed tn;
IL his 100000 would last him fOreVe
le He took it and went off to Europe. h
n spent right and left and within lie:
h than two years his fortune was son
He then came back to Chile, eXpec
" ing to get another 100000 by tf
- sale of his stock. In the meantime tt
: price Of tin had fallen, and the shar'
i, that Kemp took at par were eae
'o worth 16 cents instead OF So. +
y thought he had been trlched al
or threatened the company with a Law
ne suit. The officials replied that the
III was now no money in mining and tn
he could have the property back as
gift He took it and for time a
MS most starved. He could not 8
ee enough food for his Indian labofel
re Then the price of tin rose ana he W
n able to recapitalize the mime. !
Ell organized a new company ana &
IL shares are now above par Iho
re which Kemp has, at their face vait
ed are worth at least $125,O00.
90,
'et -
ed have already written Of the
bv Iiyjan Exploitation and pevelopme
Company, the president OF !" men
TO Mr.. Horace G.. Knowles, our FORM
"a minister to Bolivia. Mr.. Knowles tie
IN me that his prospectors have receI
ITO " discovered wonderful deposit
~ stream tin in one of Bolivian rive
of most of the tin now mined here is
ed quartz, but this stream TIN is IN nu
ell: gets and Jumps from the SIZE Oh
+ egg to that of your tWo SIS or 10
ger. 1t is said to be very rlch, co
at tanning SO per cent of oHidc OF
in The deposit runs through the beo