may be summed up as follows: GEN. LUIS BOGRAN, PRESIDENT OF HONDURAS. "I found Honduras very interesting," said Mr. Wilson, "and was sorry that


    I could not remain longer. The country seems to have great promise, as it is exceedingly fertile, and the mountain regions contain great quantities of gold and silver. All tropical fruits grow there in abundance, and there might be a large product of coffee and sugar. At present the exports c

    onsist chiefly of cattle, mahogany, hides, and rubber, of a total value of about two millions of dollars annually, and the imports are nearly as much. The expenses of conducting the government are not far from one million dollars a year, sometimes exceeding the revenue, and sometimes falling b

    elow it. "Honduras has been unfortunate financially," continued the gentleman, [Pg 537] "as it contracted a loan in England for building a railway across the country from ocean to ocean, and the greater part of the money went into private hands and not in the most honest way imaginable. Tw


    enty-seven million dollars' worth of bonds were negotiated in London, under the guarantee of the Government, and all that the country has to show for this large amount of money is about sixty miles of poorly built railway. Since 1872 the interest on this loan has not been paid, and probably it

    never will be; in the negotiations the Government and the purchasers of the bonds were deceived, and the country never obtained more than a small fraction of the benefit that was promised. TEGUCIGALPA, CAPITAL OF HONDURAS. "Negotiations are now going on for wiping out the debt by issuing

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    new bonds for a part of it, and creating a new loan by which the Interoceanic Railway can be completed and other railways constructed. The President of Honduras, General Bogran, is a man of great enterprise, and has done much for the country since he took possession of his office. His predeces

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    sor had built a fine boulevard from the capital part way to the Pacific coast, but from that point there was only a mule-track, the same that [Pg 538] had been there for three hundred years. General Bogran made a contract with some American engineers to build a wagon-road from the coast to

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    the end of this boulevard, and another from the capital, Tegucigalpa, to Yuscaran, the centre of the principal mining district." STREET IN YUSCARAN. "Please tell us about the mines of Honduras," said Frank, as Mr. Wilson paused for a moment. "Certainly, I'll do so with great pleasure," wa

    Porttitor convallis quis lactus porttitor

    s the reply. "Honduras was the first part of the main-land of North America visited by Columbus and his companions, and as soon as Cortez had completed the conquest of Mexico and established himself firmly on its soil he proceeded to the subjugation of Honduras. From the time of the Conquest d


own to 1820 the mines of Honduras yielded enormously of gold and silver; the Government took as its share twenty per cent. of the gross product, and w


henever a district pro

ved to

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be unusually rich the K

ing ac

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knowledged the good-


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e by 'decorating' the place. This was a much more economical proceeding than reducing the taxes or granting a sum in money for public improvements. "Perh

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aps you don't understand me," said Mr. Wilson, as he observed a puzzled expression on the faces of the youths. "When I was at Tegucigalpa I examined s