Ore from the Orinco

A PROSPECTOR stood atop a Venezuelan mountain called El Florero just 25 years ago, and shouted to the world that he had found a large, rich new source of iron ore. But his words were lost in the big green South American jungles and besides, the world had more iron ore than it could handle. There were no crises in 1926, no major wars on the horizon, no worries about mineral supplies. In the U. S., the populace was "keeping cool with Coolidge," and the solid foundation of the economy-the steel industry-rested on a still firmer basis, the Lake Superior iron ores.