The sun., 1919-06-23
RAIL WAYS OF PERU AIM
TO OPEN VAST NEW FIELDS
New Line Will Connect Legendary Capital of the
1ncas With the Valley of La Convention
Great Projects Ahead
ny CARLOS GIBSON.

ny CARLOS GIBsoN,
First secretory Of the Psrsvton EN-
bossy, Washtnoton.
s,,csoily ,ortttem for ns Lotfn Amer
icon Section Of THE SUN.
THE Sun Of the 1sth instant records
m It's columns the discourse pro.
nounced by DR.. Tudeia y vnreia, Pc
ruv,an Ambassador at Washington,
during the second Pan-Amerlcan Com.
msrcial Conference, some Interesting In
formation on the natural resources of
that country: and n remarkable article
By Clayton S. Cooper. in which. under
the title OF Peru holds riches for
United States investors he predicts
that Peru is one of the coming coun-
tries OF the world" We will endenyor
TO confirm In series OF articles the
motives which havc induced Mr.. Cooper
10 make such alluring prophecies in be-
half OF Peru.
We may anticipate that the nation
since being organised has entered Into
q period OF steady progress and has
rendered an account Of the treasures
guarded in the bosom of It's privileged
lands by means Of n systematic exploit
tatlon.
New Means of Comm nicataou.
The GROWING point OF this project
ID the railway OF santa Ana which VIII
connect Cuzco. the legendary capital or
the powerful Inca Empire, with the
valley Of La Convention, n railway all
ready completed for n distance OF more
than twenty kilometers,. and which IL
only thread OF the railway net with
which the Peruvian Legislators OF lses
planned TO unite the entire republic BY
means OF the so-called railways OF
An,nns thar ,.,v Tina. =, .-.., ,r,-
,..,anca ia th. r,,irosd Srh,cs .,a..
~. from, ths Port os ps,,. ,,ni,ss -.
,no,n,eIn di.,riot With IN. ssa ~ ara
1919, ro,,,a ana IN ths ..ctior y,,s~s
~. pas ~ IN. x,dss 4. noost acoas.,s
Ma. and snaiiv. the recont nrotsct ~
,hs peruvian c,oyernyrnt- ,rhich a.
Inra,ns 70 the latest tnSoyr,s Nor, ,rtSI
IN a short time. be nj, aIna.inr reality !:
~. union of tns pacioc Ocean ,vith to
Atlantic nv n,o,ns OF n raiiwav which
Iii cross The mos, extensive ara r,ch-
", -srions 81 snvtb A,oarIo. .na ,,.hI,h
,rssss no.s,h,e ~. trensnor,at,on NJ
m.rrbs ndIsa ana products from, m. nov,
., CaT,o on ,hn pecIac % Tho Ave-
vorior norris ,yharo thsv may hn 70.
shinnad on tha Srsat trnn.,ti, Mite
s,"Sp,shirs an cut. 20, E,,-s.,,s' ana d.
fIni,sd sia,e. -, : - -, - = :
I'M tpN ~ Il
w.v which VII o,s,, "a tna cnrrrnsrcs
y, tha world ,hs r,chas a, = 60 A. y,rrIn
IONA n ,o,,. until to.aay ,,,,snovn AMI
,,Isx,iored ia r,srro A. Pa.co vhsr. ,hs
Imsr,cans hav. invsstsa snor,,ons cani.
raj in ,he vorkinge Of the conner ninss
"a d. t.r,ninsi an. a, tbn trihuta ~.
~ Tho aforesaid a mo nom -
HALLWAY. In o,sr.t,or.
Although Peru. strictly speaking, does
n0 possess system OF railways as II
Is Understood IN the United states, Eng
land France or Belgium we may never.
theless CLASSIFY these, lines, into lines OF
penetration ana longitudtnab. In tine
hrst ciass We VIII place the Central
ana the Southern railways OF the re-
public with their respective branches.
ana IN the second the three sections
constructed In the south entrai and
northern parts OF Peru respectively Inc
saSse OF these raiways varies from
with the exception OF the railways OF
me state. OF private concerns and those
oeionglns 70 industrial enterprises the
operation OF the REMAINDER tf.sVo more
or less OF the l'.vo constructeul, II ~
.he nahus .. nc .n ootpoia '.o'.
ior perioa OF eish'S..hree yea.s. qa.-
ing rom IesV. when u'e iIHneise we
ssh'eo IN re.uIn Ior nashs assu'neu
ot
Uomu.,o'ues' .ne So'oiiihen,
neIsttheiess Su per een.. % sne me-
pIohtS aiIer 'ne opnsnt,ons Vi lno en-
PAM nave peen cahoehe1 a.
~ He ia,er eo"'iae. VI wv: ~ "e
stated. the Peruvian Corporation ohliges
iDs. =, ,sn go. ~ ". na,'rn,n,cs ,ian
,r,,n M. ~ ~. nav,rah,s r,yar. ~ the
"Wortan." trarsc.nd.ntai nro,ect
which e. ac,ral,v rndar: nav
Ths pnruyian cornors,ior Ia can,tal-
iz.a n, ,so oe7 oso ~ which SAG ono 600
has hem ,ssued "a ceanu,on s,ock and
,97 KIM ann 90 ~ - .setia eharas az
preferred stock. bearing 4 per cent. In
terest A this On pitaiixAtiou was not
sufficient 10 defrav the Increased ex-
penses which the undertaking required,
It was increased by means OF preferred
bonds TO the further amount Of
$4,000. 900.
In order TO give soma idea OF the prog
ress OF this railway ,,ndertakihg, we cali
attention to the fact that according to
the London Economtst tho net profits Of
1918 to s2.27O. 900. representing a per
cent not per share. after the completion
o. amortization and payment OF inter-
est Oh the considerable foreign debt TO
the bond holders. the declaring Of q
dividend or N per cent on the pre-
ferred stock and deducting heavy sums
from the gross profits for a sinking fund
NJ hn vr1a1N ~