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nufinished state of the railroads, pends of Peru, of, her Foreign local enginers, who from their and also, if not principally, to Debt, will tend to remove the dit- long residence in the country hathe scarcity of working capital. ficulties which for some years ve adquired considerable knowHowever, notwithstanding the have existed in European finan- ledge of mining operations in existence of these difficulties, dur- cial eireles for investiment of ca- Perú, will no doubt result in ing the course of the last two pital in Peru. This circumstance placing at the disposal of the years, a limited number of enter- together with the rapid develop- Company, mining propertys of inprising miners having commen- ment of the mining industry and mense value, especially if direcced to develope their mines on the projected extension of the tad by a Board in Lima, formed by more scientific principles and railroads to be effected by En- persons of experience in mining with the application of someof the glish companies, securing thereby affairs. It will then be for the modern inventions adapted for easy and rapid access to the cenmining purposes are reaping tull tre of the most important mine- properties for the benefit of the compensation for the outlay oc- ral districts, opens a new and vast Company, on the most, favorable casioned by this change of sys- field for mining enterprises, and conditions obtainable, or to ortem. In the famous district of Yau- propitious and favorable opportu- panies, in which the Company li, the centre of innumerable nity tor realizing the business may reserve an interest or othermines, especially of silver, lead which this Company, The Inter- wise. The Lima Board will also and coal, about 120 miles distant national Mining Company, has have the power of forming Comfrom Lima by the Oroya rail- in view. road, during the course of the present year, the first Establish- years during the Spanish domiment of any importance for the nion mining operations were car- too large. concentration and smelting of ried on by the native Indians! ores has been erected at Casa- under the direction of ignorant the business between the Board palea, with the most successful taskmastes, and that when any of Directors in Lima and the results, and a second Establish- inundation insignificant or ser- Commitee in London, will doubtment but on a smaller scale, has rious took place in any mine, it less, prove of esential advantage with equally good results been was immediately abandoned, al- to the success of the Company erceted elose to the town of Yauli. though yielding at the time rich and tend to secure handsome diIn the Department of Piura an and abundant metals. The roepeEnglish Company, The London ning of such mines, most of them and Pacific Petroleum Company has erected an extensive establislument with all necessary and scientific principles with the ap- 25,000, leaving an equal number accessories for the full development of the Petroleum deposits, cannot fail to yield splendid reand the abundance and quality sults. of the oil is marvellous. All these successful enterprises cannot fail tion of such mines and of the dif- 100,000-will be issued at such to soon attract the attention of terent mineral regions of Pern, periods as the extension of the European enterprises and capital by competent mining engineers to the mining prospects of Pern, tobe engaged bythe London Coin- quire, and when probably these as a future field for profitable mitee, wich will be appointed by shares will command a premium. investment. The settlement. as far as de