In this fertile agricultural and grazing country lies a great source of future wealth of the nation, for although coal and iron have been discovered within its boundaries in practicable quantities, Venezuela’s production, aside from asphalt, is chiefly confined to coffee, cacao, tonka beans, sugar, cotton, indigo, rubber, cereals, cattle, hides, aigrette plumes, sarsaparilla and other medicinal plants, cabinet woods, and fruits. Gold has been mined since the earliest colonial times. Venezuela also possesses several of the world’s most important asphalt deposits. “While the ‘pitch lake’ of Trinidad, a surface a mile and a half across of pure asphaltum,” says the _Pan American Bulletin_ (of July, 1911), “is perhaps the most remarkable occurrence of this mineral in nature, the lake of Bermudez, which covers a thousand acres in the old state of Bermudez, Venezuela, is fast equaling the first in commercial importance. Asphalt is also found in the Perdanales district as well as on the shores of Lake Maracaibo, and as an indication of the value of Venezuelan bitumen, we have the fact that this special variety is used to protect the tunnels of the New York Subway.” The foreign trade of Venezuela in 1910 was valued at $30,336,122, the great bulk of which was with Europe. Her purchases from us amounted to but $3,788,539. The population of Venezuela is made up of Indians, _mestizos_, and unmixed descendants of the Spanish; but few North Americans are settled in the country thus far, in spite of its nearness to the United States. A better acquaintance between our people and the Venezuelan land of promise should result from the opening of the Panamá Canal. This most desirable consummation will operate to the benefit of both peoples, for, being but six days from New York and four from Charleston, the flow of the country’s trade should turn our way with increasing volume as our merchants become familiar with the ports of the Spanish Main en route to the canal. So far Venezuela is almost wholly unknown to us. Less than ten years ago, a bill was introduced in our Congress to consolidate the diplomatic missions to the republics of Venezuela and Guatemala, under the impression that the countries were adjacent! and during the debate one member arose and asked in all seriousness, “Where is Venezuela, anyhow?”