The Birmingham age-herald., 1919-06-11
MIR. sCHwAB's ADVENTURE

1 Many thousand miles separate the iron ore mines of Chil from the Dela~ are river, where as it requires only a few 1 days to transport the Michigan and Min l nesota ores through the Great Lakes to 1 the steel mills of the Ohio valley and to Gary, it will on the other hand require ! at least a month or six weeks to bring | the ores Of Chili to t'se Delaware river Mir Scnwab, however, was never dis mayed by any of the critical sugges- l tons that were made by his friends He was looking for Exclusive control of al- ! most inconceivably great deposits ot iron ore which possess certain qualities hat | make it especially available for the manufacture of steel.
 | Now that peace is substantially assured and there is no need for further con- cealment MT. Schwab felt justified in | telling the South American delegates to the Pan-American Commercial confer ence what he has in contemplation and in fact what he already has under way. respecting the mining and shipment of iron ore from Chili to the Delaware river It was very great expense that the exploitation of these Chilian ore felda entailed But MT Schwah did not hesi- tate to provide all the millions of capital needed If the project proved failure 1t might involve some embarrassment probably disaster, for his steel plants But he was convinced that it could not fail, and on the other hand would fur nlsh valuable aid in making his steel organizations as great as any in the
 world. He told the delegates that he
 risked his fortune, all his reputation, and
 the existence of the Bethlehem Steel
 corporation in this South American ad.
 venture He has created the largest
 docks and shipping facilities that are to
 be found anywhere in South America. He
 has under construction 20 cargo carriers so built that each one will be able to
 transport 10000 tons of iron ore on each
 trip, and he proposes to utilize the Pan anna canal for this service These ves- sels should bring many millions tons of
 ore to MT. Schwab's plants in a single
 year.
 Undoubtedly MT. Schwab has in view
 the development of very large export
 trade in the commodities which his va
 rlous steel manufacturing plants produce
 If he can get his raw material from
 South America at comparatively low cost
 then the proximity of his various plants
 to deep water will make it all the more
 easy for him to maintain honorable com
 petition with other steel misunderstanding
 corporations in the markets of the world.
 The flow of American capital into Chilli alone represented by investments in the
 copper and the iron ore properties has al-
 -~-NS pSSit foiS idiS Sc. OlllIHdtcly IL VIII
 mean for Chill many millions year. MT
 Schwabs iron mines are so situated that
 he can do with the ore what is done in northern Minnesota That is practical
 ly to transfer it at very low cost from
 the mines to the decks of his steamers.
 It is said that his ore can be carried to the vessels from the mines by means of gravity. The copper mines of Chili are so far removed from the coast that it has been necessary to construct transporta- ton facilities. That, however. is true of copper mines of Peru, for it was in or der to develop the wealth contained in the Cerro de Pasco mines upon the east ern slope of the Andes that the railroad vas constructed from Lima over the cloud-piercing summit of the Andes to the mines.