The sun., 1919-07-21
NEW SUGAR CONCERN
HONDURAS PROJECT.
Company Is Capitalized at
100000, Part Of Which
Is American.
BRITISH TURN TO CHILE
Many Interesting Develop
ments Noted Throughout
Latin America.

The organization OF a company TO de-
velop the sugar cane industry in Hon.
durss is announced in New York this
week. The company has been formed
by AIR. Samuel Samori Of Honduras. and
the investment involves American and
Honduran capital as well.
The company is capitalized for $780,
900 and will construct a mill composed
OF machinery shipped from this country
In San Pedro de Sui, Department OF Cor
tez, where the sugar cane industry
is highly developed. With means OF COM
munication and transportation becoming
better the promoters of the company be-
lieve the project will be a success.
The hundreds of islands in the south
ern part OF Chile which have remained
undeveloped for these many years are
now arousng the interest OF the world S
1nanciers, who received enthusiastic re-
ports about their riches in minerals and
coal. The islands which are included in
the Archipelago OF Chloe are thinly in
habited. Some Of them have never been
explored
The first interests to recognize the i'm
portance OF these Islands are the British.
y company Of British capitalists has
organized the British Metals Corpora
ton, with capital OF 5000, 900 pounds
sterling. for the purpose OF conducting
development work among these unex-
plored lands France also has become
interested. A company OF French capt
talsts has been organized to exploit this
territory. Corporations are also being
formed in Italy, Belgium and in the
United States for the same purpose.
Not TO be outdone, the Japanese have
sent two commissions of biologists to
these regions on exploring expeditions
for the purpose OF looking for coal. Coal
If a highly satisfactory quality has been
found TO exist in great quantities on
these islands by chemists who have made
various tests. Veins of copper and silver
have been also discovered here.
Taking advantage of the tremendous
water power that can be developed n
Chile the Government has authorized the
floating OF a loan for the Identification
Of a greater part OF the government
owned railroad system.
Paper From Banana Leaves.
A company has been organized in
Mexico for the manufacture Of paper
from the skin and leaves OF banana trees.
The capital Is furnished by Canadian in
vestors and the necessary machinery will
be imported from Canada. 1t is a
reported that experiments have demon
strated that paper of a superior quality
can be produced from the products
named The location OF the plant will
he on the Pacific coast, in order TO take
advantage OF water transportation to
Canadian ports. In conjunction with the
manufacture OF paper. the fruit OF the
tree will be utilized for making -four,
which is being used with increasing i'm
portance In the United states and else
where.
Although Panama is a great cattle
producing country, according to its size.
It is forced 30 import from Colombia 10
the extent of nearly 1000 head a week.
according TO Consul-General Porras.
There is an impression that Panama is
unsuitable for cattle raising. When II
is known that this is one OF the most i'm
portant Industries in the isthmus 1t will
be realized that there are opportunities
for development. There are thousands OF
acres in the cooler regions OF the coun-
try suitable for grazing. and I am sure
cattle raising venture would prove
profitable, as we do not produce enough
at the present time to take care OF pres
ent needs"
The establ shment OF a "Pan-Ameri-
can" university in Panama City has beer
announced by President Porras OF the
Republic OF Panama. The university will
include in II curriculum the study OF
shipping. banking and Standardization
of foreign trade relations as well as the
study OF other subjects peculiar to Pan
American relations. The faculty will be
selected from professors of Latin Amer
lean universities as we'll as from the
United States and the university will bs
open to all students The funds for the
conduct OF the school will be raised BY
the twenty-one republics represented ir
the Pan-American Union. and until spe
cial buildings are erected classes will b.
conducted in the Institute Nacional o.
the Republic. The college will open Jan
uary /.
Before the war Latin American stu
dents swarmed in great numbers to thu
leading colleges OF Europe. Very few
students were 10 found In American in
situations. With the end OF hosillt!es IL
Europe, however, students who haC
fiocked 10 this country during the wa
present time has more Latin American
students In American colleges than IL
the combined colleges OF Europe, and 1
is likely, they declare, that the balanc,
will always be kept in favor of America
as the young men from South America
are Beginning to realize more and NOR
the advantages offered by American in
situations.
To Stabilize Chilean Currency.
President Sanfuentes of the Republi
| OF Chile has recommended in a messag
| 10 Congress the Sterilization OF tn
| currency OF the country in order tina
business may not suffer from sudde
movements OF the money market.
The employment Of women in SAINT
Domingo in clerical and stenogra phi
! work has begun under the supervisio
OF the military government OF the re
public. In the past this work has bee
confined TO men. but the efficiency G
young women In this class of employ
ment having been successfully tested Oh
Government now plans to place feminin
| employees in this class of employmer
wherever possible.
| The Chilean Government is consideI
ing bids for the construction OF a cor
crete highway between the city of Va
paradise and Vina del Mar. the princips
summer resort OF the country, and
i Y-Iw