The Washington herald., 1918-08-05
BOLIVIA NOW
PROGRESSIVE
Southern Republic Using
Large Sums for Develop
ment, Says Holland.

"13 RtAA~CNCa AAAAOhkh AAAG N0-
Operation Of the Equitable Trust
Company Of New York and Chandler
and Company. Already the funds
made available by this loan are being
utilized in the construction of an
electric railroad which when COM
capital Of Bolivia, into the Yungas
Valley. When completed this road
VIII open up to settlement and deyel-
opment vast agricultural areas not
surpassed In natural resources and
opportunities by any other agrieuI-
tural district In South America
1t was during the second term Of
Gen. Ismael Montes as President of
Bolivia that this loan was negotiated,
and not the least Of the reasons
which led the American capitalists
fovorably to consider the proposition
was the record Gen. Monies has
made as q statesman and also as q
constructive force during his two
terms as President OF Bolivia.
l. Gen Monies In United states.
1t has been known to Gen. Montes'
friends for some weeks that he was
on his way to the United States. He
Is not purposing q prolonged stay In
this country, for he Is speedily to go
to Paris, where he will represent Bo-
livia as minister plenipotentiary. Gen.
Monies arrived in the United States
few days ago and was welcomed by
the Bolivian Consul General and a
considerable number Of citizens OF Bo-
livia who are now in the United
States. presumably engaged in facili-
tating increasing trade relations be-
tween Bolivia and this country. He
IL to be appropriately entertained
while here.
There Is probably no one who has
served as chief executive OF any Of
the South American republics who Is
better known or more greatly es-
teemed In the United States than.
Gen. Montes. He Il an enthusiastic
admirer Of the institutions OF the
United States and has been in inti-
mate relations, both personal and
public. with some Of the most infiu-
entail men OF AFFAIRS of this country.
one OF his sons Is a student at Cor
nell University. Twice he has served
as President Of Bolivia He has also
served as minister to France and to
England. He goes again TO France,
not SO much to interest French bank
} ers or the French people in Bolivian
propositions as because he wants TO
take to France a message from Bo-
hVia setting forth that this republic
is IN most cordial sympathy with and
also In close alliance with the United
states SO far as our attitude toward
the European war is concerned,
Gen. Monies Is esteemed by Ameri-
can bankers and industrial leaders as
} one OF the great intellectual forces Of
South America Under his leadership
: two or the most important loans Sc
cured BY Bolivia were negotiated. The
money obtained from these loans is
enabling Bolivia TO carry out a pro-
gram Of railroad DEVELOPMENT which.
comparatively speaking, is as large
and as important as any railroad de-
lvelopment in South America.
The relations between the United
States and Bolivia have aIwavs been
cordial, and they are especially so at
this time. Immediately after the
United States severed diplomatic rela-
tions with Germany Bolivia handed
TO the German minister his PASSPORTS
thus making manifest her complete
sympathy with the United States ana
our allies at this time.
Bolivia is sometimes called the
Switzerland of South America. She
has no sea coast and that isolated no.
sition Is due 70 the policy laid down
oy Gen. Bolivar when he created the
republic. for he believed that this
great interior nation OF South Amer
lca would be in a better position 70
develop her resources IL she had no
seacost to defend. However, the real
statesmen who for the last twenty
years nave done so much to deveIop
ooIvia have made It possible to off,
ser tne loss OF seaports by construct
ing three separate lines Of railroads.
ciflc coast.
When Horace G. Knowles. WIN was
Minister from the United states ~
Bolivia during the Taft admJnist-se =
ton. returned home at the beginning
or the administration OF President
Wilson. he brought much inform tJor
respecting the natural resources of
Bolivia and the opportunity for Amer
lean capital to make profitable invest
ment both in transportation lines and
IN opening up rich mines. II was in
part due TO Mr.. Knowles advice that
capital undertook the construction Of
un smelling works near New York.
relying upon imports of tin from Bo-
livia to furnish the needed raw ma
terials. Gen. Montes IS familiar with
the resources OF Bolivia and he has
done great deal to develop them.
| Has Much I'm Tin and Copper.
There is apparently an inexbaustjbIe
supply OF tin and a great deal OF con-
per In Bolivia In fact when Daniel
{. Jackling with a party Of friends
made an excursion several years ago
to South America, a visit was made
to Bolivia with intent to learn what
the possibilities OF copper develop-
ment there were. It was the under
standing that the investigation proved
satisfactory, but the war made IL i'm
possible, for the time being, to invest
American capital In Bolivia copper
properties. There is plenty OF lead
and great deal of tungsten In Bo-
livia and the demand for these metals
mas been so great as to cause rapidly
increasing prices. so that the market
quotations have increased enormously
since the beginning of the war four
years ago. This has enriched Bo-
livia. The nation has millions Of dol
lars to expend but is in the same Do
sition as are many other nations with
which We are in cordial agreement,
namely. the lack of ships makes Il
i