Word: patino
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...rare as were Marshals of Napoleon by 1840, or old Bolsheviks by 1938, are international capitalists in 1940. Of that once fabulous and proverbially sinister tribe, a seam-faced, 75-year-old survivor arrived with wife and family in Manhattan last week. He was Tin King Simon Ituri Patino. For many years Sefior Patino has run Bolivian politics from Paris, married his daughters to French and Spanish nobility, enjoyed extraterritoriality (and freedom from income taxes) as Bolivia's Minister to France. For several months he has been appearing and disappearing in the U. S. tin picture, uncertain where...
When Simon Patino was born a poor cholo (half-Indian) in Cochabamba, Bolivia produced hardly any tin at all. When he grew up and became a clerk in a miner's supply store, he one day allowed a prospector to settle a $250 debt with the deed to a tin mine. This got him fired, put him in the tin business just as the mines of Saxony, Bohemia and Cornwall began to run out. By 1910 he was selling to Europe on a big scale. By 1912 he had $2,000,000 to buy more mines...
...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...