Show america amp er ica s interest in foreign fore agn mineral resources amounts to huge sum S UM uy by robert a lewis professor of mining university ot of utah ailious the ill first hi vestments anade by americans in foreign countries were ili hi gold and mining when thu british began placing colne capital in ili latin america lurly early lu in the ventury citizens vf of the united states shared in ili tile in it 11 benall way aud and from that time on oil there tl itiL ans vas nu no guld goa rush anywhere that did not have au an amerlean lanu contingent this class of in ili la Is tane and inter for its relation to the worlds supply vf of money broadly speaking the value of j such buell investments la about half the american hinves invests anent in ili copper mining and smelting smelling sm elting abroad it a little moro more thau than one fourtly of that la in lill all metal mining aud and one eighth of the amount americans amui elcans have invested in till ill production abroad including tile production of oil these in ili ves vestments have been mado made in mexico iida central america australia tra africa and the phill philippine islands and a few years yeara ago to tilled around two hundred and elx si X ty million dollars do llara americas rich aud and varied miner ill it resources mic arp further stipple by foreign holdings la ili cop bior pl r an and oil resources during buring tile the quarter century following tho the drilling of the first oil well tile the busin inese e of oil compa companies n acs ics was practically tho ill production and salo of kerosene needed for lampa and lubricating oils used hy by indus try the invention of the internal combustion engine in ili 1882 and the diesel ilerd engine eligino sixteen years later completely changed the pic picture turo oil was tt as on oil the way to bec becoming ono one of alit worlds principal products and tho the struggle to control congiv tin the ouicla of supply became lieen uie bitter americas investment in ili foreign oh coll landi land i and 11 refineries fineries fin eries began at an early date in ili 1880 a subsidiary of tile tho standard oil company was organized la a canada and in ili small Anier loan iverc oil in the aa caucasus lie it americas e in III foreign oil resources was waa esti at nearly neaily million dollars cover coper I 1 Is s a an n ancient metal whose 1111 uses have continued to increase tho the develop development nent of the telegraph tile transatlantic cable tile telephone the power potter andi and light industry and the hie have resulted in ili an all enormous 10 expansion in hie file consumption of cup cop per in 1029 29 the world used 01 C 5 times AS much copper as in tho the average year during to iam it by 1035 tho the american investment in ili foreign copper resources was estimated nl at two juji million llon dollars otylior investments investment in III foreign inin mineral cral supplies sources of load nickel tin hlll slue lion iron flud its alloys nitrate all abbes asbestos tos gYPsi nin lill sulphur and precious pre clous stones estimated to give a grand total investment in ili foreign mineral supplies when added to gold bitter copper ind nd oil of lo two billion dollars I 1 in ll 11 1925 1035 industrial res reh research earch cuts costs costa tu to make products pio ducts available to io moron americans electric wasll ing compared to ti one 23 25 years ago 1190 posts costs only one third is as enuch in I 1 I 1 of the vor needed ll 11 eded I 1 to earn earil it IL polle bonien in brightrall tall england carry arry pocket radio irme lyIng sets sea with on oil their bent beat |