Show T TITE SOUTH AFRICA BOWL BOOM once or twice in every gener generation aaion there come moments humanity goes financially mad such a moment ties has now arrived an aa tp far as aa london paris and berlin are here concerned it Is all of 0 surpassing interest but it la Is bound to end sooner or later Is as a all 11 such things do in collapse in ruin to thousands and in misery to many an aal I 1 when that time comes A name w which Is now a word ot of magic that tit of barney barnato will be execrated and cursed the length and breadth of 0 eu lope at present the name 0 of barnato Is an open sesame with which to unlock the coffers 0 of burcope an enterprise lias hns merely to bear that name to be successfully launched upon the we wa teis team of finance ll nance twenty yeats ago barnato had dudl culty cully in getting as many pone pence a as lie he has millions now at first lie bought a few diamonds w hiell he sold at it a profit then ile he bought ft a few mining shares which he also aise sold at al a profit then ho he bought a great croat many mining shares SO BO many in tact fact that in 1895 lie practically owned two thirds of 0 the diamond mines at kimberly everything ho he touched turned to gold he was a veritable modem midas during this period 1 I he made the acquaintance of 0 cecil rhodes tho the son soil 0 of an english clergyman of ergy who had pone gone to south aar africa ct in of health and had gained gain ed both that and wealth they formed ormid EL a silent partnership and bewail began a financial campaign that has culminated in the present hir boom numerous wildcat wild ild cat schemes schem es were floated and all the prospectuses prospect uses that glittered were not dot gold cold these theae pros es were however necessary for limit cannot be caught without balt bait and the public as tile late mr barnum barata i remarked likes to be fooled in III this case the public paid the and mr barnato and his ft lends lid did the dance a 1 dance of 0 financial joy instance they would float a company tor for of 0 this amount one half haic would go co to mr Barri barnato ato as aa vender and promoter a quarter would bo be expended in heating floating the enterprise and the balance would be used in III developing the property As it takes about halt half it a million dollars to property properly develop a gold mine before di idenys can be paid that Is under the tha rno most st favor avor table circumstances it la 13 self belt evident that the 7 remaining was utterly inadequate barnato rj arnato knew this ot of course tand and calculated accordingly lie had not the slightest intention of 0 lic keeping tile tho shares he had obtained tree free of 0 all cost he knew a better trick than that with lite his able assistants lie he started a a boom in gold mining shares through means of 0 reports of oc rich finds in va rious parts of 0 the country those these reports as a rule camo came after the close ot of the elie market giving the confederacy plenty of 0 time to sell their and shares before the rumors or reports could be verified or discredited in ill this way they rolled up millions not ono one tie or two or three but hundreds in a pr period lol of 0 four they accumulated fit at least five hundred million of 0 dollars doll arsi of 0 which dardato land rhodes owned and still own oun tour four flotha shar sharra s went up tip title lilio skyrocket sky eky rocket rockets S they advanced by leaps and bounds from pence to pounds and front rom pounds to tons tens of p pounds 0 ands fortunes were made in a twink le und on till the bitite of tile farm where cold was first found there arose as if 1 by magic the city of 0 johannesburg han As far all ab the Trana vaai Is concerned there la Is not the slightest doubt that it Is one of 0 tho the arle richest hest countries iq As far as minerals are concerned I 1 in the tc world it was waa third in tile tho lisi list of 0 gold cold producing countries in 1834 1894 1 but ut it Is probable that tills till year it be second with australla australia the richness of 0 its mines Is not due to tho the great gold bearlie beardall quality 0 f the reefs recta but to the fact act of 0 large laree continuous bodies of 0 ole of 0 moderate tact leru to prado grade during the existence at 0 these mines from until the first of 0 thin year tons tona or ore or have love been extracted tr acted yielding oun ounces a of gold worth about per ounce and having a gross eross villu value of 0 tile dividends pam paid during the sam flam period amount in round numbers to 12 orill or 19 cent 0 the output Lasty bajt apar oar there were milled to tona ils yielding ounces ot of gold cold and the th dividends doc larcel lor for the year amounted to AGOD or 20 per cent of the output tho the value of the output of them th fifty producing manos on the 1 lit of 0 last january was alco 16 the output per year in 0 u n 0 I 1 a alace ince eoll was discovered in the transi transvaal AA I 1 IS 1 as follows 91 ISM aw a af iea ikall 1 lIS listra lra bissu i 4 va ianna this thin means that the hie increase in tile the worbie output in 14 clue to tn the iho extent of 0 hat nor ivr eni to abile ia 1 a countley or minerals al it abo abounds in them aher wh vrr vor the louka there are minerals beside dle dla diamondi and gold cold which tire are also alan fo found i an d in fit the orange free state male find and in the there Is 10 oil ver vcr near Pr etoila la copper in land asbestos in fit land west wert iron evelow everywhere here and a dozen other miner air ahl such as nickel platinum aluminum and oven even vanadium scattered ed all through the ind the country Is fertile and capable of producing pleat crops ot of wheat and grain ns wall well AS 09 oranges bar barandas annas and ierg to tobacco ian A railroad has been built and opened Johann johannesburg osburg and PIC torla ln with fill wimberly and natal and tho the general prospects ecta of 0 the th land would le be bright indeed but for or the spirit ot of speculation that Is taking hold of 0 it it IB ft speculation and nothing ciale else all legitimate business la Is neglected everybody wants to lo get rich anti in consequence necessities of oc life command an exorbitant figure in con coal elusion clu filon it may be said and said from a long lone and varied experience in ill that part of 0 the world that some day south africa will lie ile it a serious commercial rival to the united states not only in fit rold gold lut but li in other products as well it has till all the natural advantages and requires only a strong lose dose of oc common sense a stronger Etrone cr dose of honesty and a tremendous dose of 0 antl anti speculation from to put jt it on a level where prosperity anil and success will be assured tac g but all this can only come after earnil barnato nil to and chodos and thir th ir friends have released rc their bold upon south africa for they hicy are the evil genii which endanger its future with them it has become a one industry country without them it will become A country whore where illy any and every industry can and will ehrl jt it 1 li 13 3 at present passing through a transition dus either to a mo me nien menttory iary aberration aher ration or to that chat permanent degeneracy of aich nordau tall italics cal |