OCR Text |
Show II BOLIVIA RICH IN RESOURCES SAYS MAGINNIS Former Minister at La Paz, Says U. S. Has Op portunity There Splendid opportunities are offered for the investments of American capital capi-tal In Bolivia which Is one of the greatest mineral countries in Smith America, according to S. Abbott Maglnnls, Ma-glnnls, formerly minister to Bolivia and at present legal adiser to the I Bolivian Financial commission now negotiating ne-gotiating a $15,000 000 loan In New York City. Hint Ks TODAY Mr. Maglnnia returned last nlpht to Ogden from Salt Lake preparatory to leaving this afternoon on the Overland Over-land Limited for New York City. He returned to Utah yesterday from New York intending to remain here for four or five days but was recalled to New York by telegram yesterday afternoon. af-ternoon. He has been visiting with his mother Mrs. W. L- Maglnnls 2971 I Washington avenue. On his way from New York lie stopped at Louisville, Ky., to visit his wife and family-RICH family-RICH IX MINERALS Relative to the mineral resources of that countr. Mr. Maglnnls said: "Bolivia Is one of the richest mineral countries in South America. The mines at Patosl which already arc reputed re-puted to have produced .several bil-1 lions worth of silver are still being worked They were discovered by tho Spaniards in about 15-10. In that same section they are mining tin. Bolivia producing about one-third of the tin supply of the world. STOREHOUSE OP UI WTH "The Interior is mif tremendous storehouse of wealth awaiting the coming com-ing of American capital for its development. develop-ment. Already there is talk of building build-ing a railroad into the interior which i will open uo B tremendous territory for both stock grazing and agricul-l ture. "The Standard i I company is also doing considerable work In that coun-try coun-try at present and it is reported that tho oil Indications point to Central! Bolivia Decerning one of the important! oil producing seel ions of the world. "The present railroads are confined to those that run to La Paz and from 1 la Paz to the Aita-Plano or high plains country Ulen Construction company, an American organization is at present pres-ent constructing a railroad from Ato-i Ato-i lm In Bolivia to La Quioa In Argentine . li. t...... . e i on mITa I FRIENDLY TO 1MERICANS "Tho country of Bolivia Is a very healthful one in which to live and the natles are especially friendly to Americans. Am-ericans. Bolivia affonde one of the very best Opportunities to ie found ln any of the South American countries for the investment of American capital-" Mr. Maglnnls said that he was not In a position to discuss the Tacna-Arlcs dispute which Is a territorial dispute involving tho.se two provinces, Tacna-Arlca. bounded on the west by the ocean on the north by Peru which claims It and on the south by f'hlll which controls, i. needed by Bolivia Bo-livia which bounds it on the east for an outlet to the sea for Bolivian commerce. com-merce. LI FT POR PLEBISCITE Before the war of 1879 between Chili on the one side and Peru and Bolivia Bo-livia on the other tin- Peru codat line Included Tarapocl and Bollvl.i owned Antafogasta King south of Tarapocl and noth of Chili at that lime. Chili won the wur and In the peace treaty with Peru took Tarapuel completely .'ind the two provinces, Tacna-Arlca were left for a plebiscite to he held ten years after the signing of the treaty. trea-ty. Whichever country was to secure the provinces under the treaty of Am on as to pay the other 10.000,000 pesos Bolivia was not a party to the treaty In 1904 by which Bolivia gave up any claims to the seaport and Antlfogasta Chill financed the building of the i.iiiroad from Arlca to La Pas. The plebiscite was never held and the two provinces have been and are now under un-der the control ol Chill but are claim cd by Peru and are needed by Rollvla Tacna is B small agricultural town connected with Aricn SPANISH I A M . l VGE ESSENTIAL In discussing trade relations between be-tween the United States and Bolivia or any other South American country. Mr Maglnnls said that a thorough knowledge ol the Spanish language wtu absolutely essential it should be acquired ac-quired In his oulnlon from one rnat has lived in that country and from whom the student could also acquire the viewpoint f those that reside la the South American countries- Practlclally all of the trade irom Bolivia Bo-livia and other South American countries coun-tries is now going to tJcrmany and ! England each of which countries have ' resident representatives in close touch with the needs of the people, living I among them and speaking their lan- guage. |