HOME OF UNTOLD WEALTH.

Pukekohe & Waiuku Times, Volume 6, Issue 278, 25 May 1917, Page 1 (Supplement)

HOME OF UNTOLD WEALTH.

FABUIiOUS FORTUNES ARE FOFND IN THE MOUNTAINS OF SOUTH AMERICA.

Fifteen million ounces of silver is one of South America's annual contributions to tho world's mx'ketolwk. This would make more thail 17,000,(XK) silver dollars. Silver to the amount of more than S2,<MKJ,OOO,OG() has Ixxmi mined in the last m> years from Potosi, the famous "peak of silver" in Bolivia. The hill, of Sc.ith America aro seamed with gold. It i.s found in every state. . All this gold and silver could bo studded with precious stones from Colomb'a. Seven hundred thousand karats of them are dug out of her lulls annually. Almost all the emeralds in the world como from tlure. . Our famous copper mines m Michigan, Montana and Arizona are surpassed in richness b- those on the west coast of South America. Enough silver is mined with the copper of one Peruvian mine to pay all tho expenses of the mining, ot shipping the ore over the mountains and up to North American smelters. It also pavs the cost of smelting. The Rethl-hem stea Iworks in Pennsylvania could be keot busy for seven-ty-five vein wuh the iron ore of one of Chile's provinces. Cn<|iimibo. M" re tin is miii(\l in Bohi'a Hum anywhere else in the world o>:copt the I'e'derated Malay states, and only a lew cf the mines have yet be.ii optmrd. Allbougb South America, imports iposl of be'reoal, there is enough tucked uwnv hi ber moiinfaiiis to wrtmly the IMVI |, of both North and South Ameru ~; for ages lo come. But there are no railway' to bring ii out. Clrf«'s nitrates fertilise the nelds o the world and hrUiH her -;h a»nu . ~.„,,„;„ ,„ export duti.-s of more than rl.MHKiOiin. The value of l be. d-jjoMts '„,,,.,. |,p rrektined in leu rigurc.