The Panama Canal: A history and description of the enterpriseMills, J. Saxon (John Saxon)
Philosophy
The Panama Canal: A history and description of the enterprise
Mills, J. Saxon (John Saxon)
Panama Canal (Panama)
The whole coast and its hinterland is engaged almost solely in what are
known as "extractive" industries--that is, in mining or agriculture. The
exports consist mainly of foodstuffs and raw materials, nitrate, ores of
copper, silver, and gold, grain, sugar, cotton, cocoa, coffee, wool,
hides, rubber, and woods. With these the people pay for their
manufactured goods, and these come mainly from Europe, and chiefly also
from the United Kingdom. The mineral wealth of the northern parts,
especially the Andean plateau, is still enormous, though vast quantities
have been extracted. For centuries the Andes furnished the civilized
world with most of the bullion used for its current coinage. Between
1630 and 1803 Peru alone sent out L250,000,000 worth of silver. Bolivia
has contributed L800,000,000 worth; the famous mines of Potosi alone
accounted for L600,000,000 worth of this metal. The nitrate works of
Chile are in the hands of Englishmen and Germans, and American and other
foreigners hold the sugar plantations of Peru. But, as I have said, the
range of production is enormous and only awaits the stimulus of imported
capital. To give one example of the variety of products, it is said that
the Aconcagua valley in Chile would alone furnish annually from its
vineyards 1,000,000 gallons of claret, if the grapes were not used to
produce a local drink named "chica." There is no sign of the exhaustion
of any of the natural products of these regions. Even the nitrate of
soda, that most valuable of fertilizers, though it is being shovelled
out at a great rate, covers about 220,000 acres, or about 400 miles from
north to south, and is sufficient to last for a very long time to come.
Public-domain text, read in full here on John Shaqi.
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