El Paso herald. (El Paso, Tex.) 1901-1931, 1914-09-26

the canal. and as the United States is one
Of the largest customers LOT nitrate. the
steamers that land there viii load up with
American goods and bring them back 70
we are now taking something like 4O0.-
n00 600 mounds OF nitrate year. and Chile
is ready TO consume a like amount Of
American goods This nitrate business IS
c0utrOled by Americans II is handled by
the Nitrate Agencies Limited me ma orlty
Of whose stock is owned oy W T. Grace
a. Co and its return freight VIII probably
be run in connection with the Graces-
War VIII Encourage American Investments.
Another effect OF the war Will be 10 send
rliIIions OF dollars worth OF American
carFraI into chilean investments It means
new banks and new syndlcates OF various
Tbfs fs a land Of big things. and the
Americans are gradually getting their fin
gers ON some Of the most valuable proper
ties. Take the Bethlehem steer company
It has recently acquired an IRON mountain
near Cocuf-1bo a port on the west coast
Of Chile. between Antotagasta ana Nalpa-
r7fso The ore lies only about i've miles
80, the coast and is 50 situated that it
can be loaded by gravity ne property
is said TO contain more than lOo'oUu-o0O tons
Of high grade ore Wnleh ~ , ION ~ %
enough ore to supply the Bethlehem steel
works for more than 80 years
Conner Mines Are Rich.
Some Of the greatest copper mines o. the
world are in chile, and in the hands Of
the Guggenhefm syndicate refer 10
those being worked under the Chile TX
ploration company ana l-e 6L.-uen OPEL
about 200 miles southeast OF Valparaiso
Thev were opened up by Americans. includ-
-, E-e15sr and others and We're after
ward sold 10 the GugEenhelnas Mlthln the
mast Few wears something like Sl4.000.0OO
have been spent upon them ana they ere
~ E,rs5a7 mines have something like
ia ND he
cornpanv is putting up mills that will treat
5000 tons daily. The mines are now pro-
ducing about 100000 POUNDS OF COPPER a
month. and I am told that the proIt Is
over s cents a pound -Four thousand men
are employed. and among them many
Americans The ore milled in 1913 amounted
10 $50. OOB tons. and the company expects
TO produce almost 100000 pounds per
month from now on
The Chile Exploration company Is the
name OF the GuEgenheim branch which is
developing the Chuquicamata copper mines
These are situated far north OF the t5racen
property They are ABOUT 49O mics py
ali from Antofagasta. lying in the coastal
range Of the Andes at an altitude OF $500
feet The ore body already developed is
5000 feet long. 1000 feet wide. and no one
I-,oy-s how deep. Diamond drills have
been put down in places 10 a depth OF
100 fees. and enough ore mas peen Iouhu
70 keep the great plant now Delns puliL
busy for more than so years There are
something ike e0O.oOO.ooO tons in sight
The plant OF the Chuquicamata mines
viii be one OF Lle 44LAteA AL ~--I W. ia
The Guggenhelr1s have -9ve men Du-.-lls
it and it will be finished in 1915 II IN
cludes great crushing machines, acid PROOF
concrete tanks and electrolylc plants -l-t
will treat more than 800, 900 pounds OF cop
uer a dav The machinery has steam tur-
bines. and generators Of 10000 klowatJs-
Much Of the machinery will be run by
electricity. which will come through a
Transmission line so miles long The plant
has already built u miles OF slanoaI i
gage railroad. and some Of It's mining Is
20 be done with steam shovels from Panama.
by which the ore can be got out at an
extremely low cost
-T-be Bethiehern steel mines and the
' GugEeuheirn mines will necessitate large
forces Of vorkuen. and the management
Will. Of course. be American The Gug-
genheims are now building houses I9I tle-l
8 eupIoves ct ChuquicamaIa and Braden.
and they are introducing Amerlcan Inell-
ods and American conTenlences- Iney Will
nave a number Of American families con
nected with each property and these Will
he permanent forces for the Introduction
. OF American goods and OF American trade
At Chuduicamata the little city now go
ing up viii be surprise 20 the Chileans
II is TO have a theater. q hospital. two
public schools and a public library ana
music halls for the worH-nen- There VIII
be a telegraph and postoffice building and
q Protestant and a Catholic church Every
thing is being done with a view TO per
p uanency- for the getting out OF the enor-
IONS bod,- OF ore will require the moving
d Of more earth than we moved at Panama
Vanderbits Interested
Another big United States company that
viii probably take advantage OF the pres
s ent situation is that which owns the Cerro
de Pasco copper mines OF Peru have
q already written Of its works in my letters
7 from that country It is backed BY MIL
lions and il includes such names as the
. VanderbiIts Henry C. Frick. J. B. Haggin
Z and the Hearsts-
J They own a property on the very top OF
the Andes that is said 10 be worth at least
100000, and they have spent millions
uDon IT, They are now exporting some
thing like 1000 tons Of copper month
This has been going to the markets in for
eIEn steamers. and il will now have 10 rely
upon American vessels. The mines are
operated By six or eight thousand Peru
VANS under American foremen and engi-