Industrial and commercial South AmericaPeck, Annie S. (Annie Smith)
History
Industrial and commercial South America
Peck, Annie S. (Annie Smith)
South America; South America -- Economic conditions -- 1918-
=Silver.= The silver mines are better known and are now worked on a
larger scale than the gold, although 10,000 lodes are practically
abandoned or operated slightly. The suspension was not because of a
scarcity of silver but for lack of capital, means of transport, and
suitable machinery; also its lower price. A few of the largest mines
have continued to be regularly worked. With the recently higher price
of silver, greater activity has prevailed than a few years earlier. The
richest of the ores contain from 10 to 50 per cent of silver and even
80; more has from 1 to 10 per cent.
The Department of Potosí is world renowned for its silver. In the
first 40 years of colonial production more than $70,000,000 was taken
from the Cerro Potosí, a sugar loaf 16,000 feet above the sea, in which
5000 mines have been opened. Up to the present time a billion dollars,
one writer says four billion, have been realized from the silver of
Bolivia. In neighboring Provinces of the same Department, Potosí, are
many other mines, most of which now produce tin as well. The ores of
Potosí which originally contained 60 per cent or more of silver are
now poorer with more iron pyrites. The present queen of South American
silver mines, the Huanchaca-Pulacayo, east of Uyuni, consists of a
dozen groups over 8500 acres, a bed of fabulous richness. In the 28
years before 1901 it produced 4250 tons of silver. The majority of
the stock is held in France. Some years ago the Pulacayo mines were
flooded with hot water, but they have now been drained and are again
operated. On the property is a town of 10,000 people, hundreds of whom
are employed in the works, including women who first try out the ore.
In 1918 $2,622,000 worth of silver was produced.
Oruro is next to Potosí in production of silver, and in tin it stands
first. The richest silver ores, as at Huanchaca, are so exported, the
poorer are treated on the spot. Other rich mines are well known.
=Tin= mining is a more recent industry, dating from 1895. Already it
has become the leading export of the country, which now provides more
than one-third of the world’s supply. It was well known to the Spanish
colonists as much of it was mingled with the silver, but they rejected
it as rubbish, using it to fill in depressions. Large profits have
been recovered from these fillings and from the dumps. While tin is
produced in many other parts of the world, the Bolivian lodes are of
unusual extent and richness. Their production is now exceeded only by
that of the Straits Settlements. Since the development of the tin plate
industry and its use in other ways the demand for tin and the price
have enormously increased; from $350 a ton in 1898 to $900 before the
war. In 1912 tin was produced, barilla, 60 per cent pure, 37,700 tons,
worth $18,000,000; in 1918 the value of tin exported was $45,364,000.
Public-domain text, read in full here on John Shaqi.
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