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of resin at certain periods, and is probably connected in some way with the excessive moisture or dryness of a particular year's growth. The tree is often attacked by a boring grub, which enters by making a very small pin prick opening, and during its existence in the tree grows and bores an ever enlarging hole until often it becomes half an inch in diameter. It would seem almost incredible that a grub could live either on the resins in the tree or be able to bore through what is one of the hardest woods in the world. Of recent years this timber has also been put to another use--that of producing tan. When used for this purpose, the tree was cut down, its outer sapwood removed, and then taken to the river to be finally shipped to the United States of America or to Germany. It was soon found that the railway and shipping freight charges absorbed a considerable amount of the profits to be obtained in making this tannin extract abroad, and, therefore, extract factories were erected in Argentina. The process of obtaining the extract is very simple; the logs are first put through a machine which reduces them to chips, the chips are then boiled in water till all soluble matter is extracted from them, and the solution obtained is concentrated down to the consistency of pitch; in this form, after being dried, it is exported, and is used by tanners the world over. The great necessity and essence of success, in the present way of working the business, is good water and plenty of it. We do not know who first noticed the tannin material oozing out of these trees, but no doubt attention was called to the fact by pools in the neighbourhood of the trees being often red in colour. Undoubtedly the Germans first took this business up on a large scale, and to-day they hold an enormous quantity of forest lands. Hitherto the extract has been brought on to the market in a solid state very much after the style of Burma cutch. The Santa Fe Land Company have recently produced the material in a fine powdered state, absolutely pure, and containing a great deal less moisture than any other form of extract on the market, and they are about to erect a factory to work this process in connection with their saw mills at Vera. This new process requires very little water as compared with the old method, and can be adopted, in huge areas hitherto unsuitable for the industry. About mid-day we approached a plaza, or wood deposit, of the La Gall
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