The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-04-14
ENVOY LOOKS TO
u. S. FOR MONEY
TO HELP PERU
Ambassador to Washington
Outlines Situation for
American Investors.
NO AID FROM OLD WORLD
Natural Resources Tremend-
dous and Only Await De-
yelopment.
NJ SIR. On. FRANCISCO TUDELA Y
VARELA.

vARELA.
Ambassador Extraordinary and Pieni-
potenttayy from Peru to the
United States.
specially toritton for the South Amert-
can Department Of THE SUN.
From an economic point OF view II
tion in Europe will probably absorb
most OF the forces of the Old World,
and therefore the assistance which. in
the shape Of capital, was formerly fur
nished by Europe to South America, will
have to be obtained from the United
States, whose accumulated wealth,
owing to the war, has become almost
fabulous.
Few countries offer better field for
remunerative investments than Peru.
Irrigation, the building OF railways
and good roads, as we'll as mining. are
especially to be recommended.
Mr.. Charles w. Sutton, an engineer OF
New York. who has lived In Peru for
some years, estimates the easily ir-
rigable area OF the coast at one million
acres, of which 126,500 acres, the same
authority considers are Immediately
available for irrigation with practically
no trouble. Tho lowest estimate Is $40
eating this land.
1t should he remembered that arabic
land on the Peruvian coast increases in
value every day. so that II Is easy to
calculate the very productive investment
which irrigation constitutes in Peru.
Cotton and sugar cane, whose prices
have been so much increased owing to
the war are products that have been
30. extensively grown that they have ia
L. Ia al, - - ~ "a
which has made itself felt by consul
mers In the country itself, with the cor
responding rise in price of these COM
modites, nearly all articles Of primary
necessity.
Railways and Mines.
With regard to railways, It Is enough
TO state that the whole future OF Peru
Is bound up in the construction OF rail-
roads. and that all those which have
been projected offer returns OF absolute
security for the capital which may be
invested in them.
Several mining zones of great richness
would be at once available by the con-
struction OF a few hundred miles OF
railway lines. 1t Is only necessary to
mention coal. which is at present i'm
ported from England while Peru pos
sesses immense layers in different re-
fifteen miles, branching from the one
which starts from the splendid port OF
Chlmbote. would solve the problem of
coal supply sufficient for the needs OF all
the republic and would initiate an era
of domestic industry impossible to cal
culate,
Rich Fields of OIL.
The petroleum industry in Peru is
another extremely profitable opening for
foreign capital. The very rich district
of Talara, at the extreme north Of the
republic. Is not the only one which could
furnish abundance OF mineral oil. Ia
lara itself Is capable OF further devel-
opment through the establishment OF
other companies in that region.
It is unnecessary to state that Peru
considers the investment OF American
capital with the warmest interest. A
proof OF this is furnished by the Cerro
de Pasco Copper Corporation, which has
obtained brilliant returns on It's invest
ments and which is at present consider
ably increasing its capital so as TO en-
large its smelling plants.
This friendlness toward America Is
not confined to business alone, hut ex-
tends to the political field as well. for
not only at this present time, but In the
past, has this traditional friendship ex-
listed without a break.