Word: patino
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Dates: during 1930-1939
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...break even with tin at about 46?, which is more than 10? higher than the British break-even point. This should keep Phelps Dodge in the tin business even come peace. American Metal has the same economic problem. Meantime in Argentina, National Lead Co., St. Joseph Lead Co., and Patino are jointly working and smelting deposits similar to Bolivia...
...lead, used most conspicuously as an anti-rust coating for structural steel. It has a line of lead alloys, particularly Babbitt metal (a lead-tin alloy used in bearings), type metal and solder. It is one of the largest U. S. tin users, with an interest in Simon Patino's Bolivian tin mines and in other tin producers. National Lead has not missed a preferred dividend since 1893, a common dividend since...
...Bolivian Indians are Andes highlanders who know how to handle llamas, have never won a war. They work in Simon Patino's tin mines, producing one-quarter of the world's tin, avoid the flooded bottomlands of eastern Bolivia and, 3,000,000 strong, have sense enough to rebel periodically against their 250,000 white overlords...
Today, single-handed and in his own right, el gran Mirador controls some 10% of the world's tin output. Many times a millionaire, Simon Patino lives in a gaudy and fantastic palace in Paris. He warms himself at his villa in a forest of pine and mimosa above Nice. His son is married to a Bourbon princess, one of his daughters to a Spanish marquis. In Bolivia the tax on his mines is the country's chief source of revenue. In 1926 Bolivia made him Minister to France, where he bought his own embassy. Patino Mines & Enterprises...
...Senor Patino is not satisfied with his high Bolivian holdings. In Malaya are tin mines producing more than his, where ore can be produced for shipment more cheaply than in the Andes. Two years ago he got two options on a million shares of British Tin Investment Corp., a holding company. Last week he snapped up one of these options. With his stockholders' approval he began buying 860,000 shares outright, took options on 298,000 more, all at a total cost of ?808,042. If he takes up his last option he will own some 33% and working...