Show I 1 THE SOUTH BOOX BOOM in every generation atlon twice twi once or when eunit humanity i moments ty t there here edme mon such a moment e n mad con oe fin ay london lam W arrived as u aa tiu no now paris ead and berlin are concerned inhere interest t but ot of all XI it la is it in bound to ew end d sooner booner or later its as all such things do in collapse colla pae in ruin to many thousands and in misery to lo a name time comes and when that which la is now DOW IL a wora word I 1 ot of magic that of barnato will 1 be execrated and barney the length and breadth brea ath of cursed the name c ol 01 t barnato present at rope with which to unlock I 1 sesame Is an open I 1 an enterprise the coffers of 0 europe has merely to bear that name to tie launched laune hed upon the waters 0 of finance nance fl had dim in barnato twenty years ago culty cully in getting betting as many P pence ence as he lion has millions now bought a lew few diamonds diamond at first he be he which he be sold at a profit then which he bought a few ew mining shares lie he bought alao sold bold at IL a profit then ito bo many mining shares chares a great many la in fact act that tn in 1885 lie he practically owned two thirds ot of the diamond mines at kimberly everything Lvery thIng he touched turned to gold he was wall a veritable modern midas during this period he the acquaintance ot of cecil made It hodes the son bon of an anglish lei byman who w ho had bad gone to south africa tn in search of health and had gained both that and wealth 11 ahey hey formed a a silent partnership that campaign and began a financial ilan baa culminated OU imitated in tile the present kallir boom numerous wild cat schemes were floated and all tile tho prospectuses prospect uses that glittered were not gold these prospectus were however necessary for eu es tish cannot be caught without bait and the public as ao the late mr i remarked mar ed likes to be fooled in III this case the th public paid the piper and mr bir Ilar barnato nate a and nd his friends did tile the dance a dance of financial joy for instance they would loaf float a company tor for of this amount one halt would go to mr barnato as vender and promoter a quarter would be expended d in routing floating the enterprise and the balance would be used in ili developing the property As it takes about aboul half a million dollars to properly prop eily develop a gold mine before dividends c can an be b e paid that Is 11 1 under the most lavor able circumstance sIt I t la in self evident e I 1 dent hat ahat the 75 remaining was utterly inadequate barnato nato knew this of course and calculated accordingly lie had not the slightest lightest intention of keeping the hares bares he had obtained free of all cost lie he knew a better trick than that with hla his able assistants ho he d a boom in gold mining shares through means of reports of rich finds in various parts of the country I 1 these hese reports ea aa a rule came after tile the loso i of cr the market giving the confederacy plenty ot of time to sell their stocks and shares before the rumors or leporta could be verified verl fled or discredited dig credited in this way they rolled up millions not one or two or three but hundreds in a a period perio d of tour four years they accumulated mutated at leant lean it five hundred million of dollars 0 of f which barnato arnato U and rhodes owned and a d still till own four fifths shares went up like sky rockets they advanced by Is leaps and bounds from pence to pounds pound and from pounds pound to tons tens of pounds fortunes fortune were made in a twinkle and on the site of the farm arm whale gold was waa first found the there re arose ej ad it if by magic the city of johannesburg han As am far as an the transvaal itself to Is concerned berned there Is in not the slightest dolbi doubt tbt it is IB one ot of the richest countries as a far as minerals aro are concerned in the world it was third in the list of gold countries countr lea in 1894 2894 but it Is proba probable ble that this thin year it will be mccond with australia third the richness ot of its mines Is not due to the great gold bearing quality of till the reefs reef but to the fact act of large continuous bodies of ore ot of moderate grade during the existence ot of these mines from 1187 until the first of this year tons tone or ore have been extracted tr acted yielding g 6 ounces of g gold old worth about abou 1760 17 per ounce and having baying gross I 1 room value val to ot of the dividends dividen a paid during the same ceriol amount in roun round numbers to 23 or 19 per r cent nt of the output last year there were ere milled tiled tons yielding a ounces of gold worth lie and the dividends declared for the year amounted to fa or 20 per cent of the output the value of the output of the fifty producing mines on the lit of last january was 16 the output per year in ounces sines since gold we s discovered in the transvaal is in as aa follows 1887 1 11 28 1991 7 2 7 As ma 1893 18 92 1 luo IA 61 1 1889 02 1 18 la 1 89 30 HOI 1 7 this means that the increase in the world a output to Is due to the extent of till til per cent to these mines miner south africa to Is a country of minerals it abounds in them wherever the prospector looks there are minerals deolde beside diamonds and gold which are also found in the orange rree state and in the there to Is oil ell ver near pretoria copper in tand land asbestos in land west lion everywhere and a dozen donen other rn minerals iner such as an nickel platinum aluminum mil and even vanadium scattered alt all through the annd ahe 1 I he country li 14 fei tile and capal 10 of producing great crops of wheat anil and grain as an well as oranges bananas and tobacco A railroad has ban been bul belv and opened connecting johannesburg and pretoria with kimberly and natal and the he general prospects of the land would be bright indeed but for the spirit of speculation peculation that la is taking hold of it it to speculation and nothing else dec all AH legitimate business I 1 Is neglected vcr evor body wants to get rah and in consequence necessities of life command an exorbitant figure in cm elusion it may be ba said and said bald finin doin a long and varied experience in that part of the world that some day south africa will be a serious commercial rival 0 to o the united statts states not only in sold gold but in other i 1 products as u well ell it has hall all the natural advantages and re quires only a strong dose dome of common co in mot manse nie a stronger r dose dome of honesty al anil I 1 1 I a tremendous dose of antl anti speculation virus to put it on a level chete pios facts pacts 7 tind success will be assured 1111 but all this can ony only come colne after at arnato i and rhodes and their ft lends lian liae e released their hold uron south africa S for they are the ev evil gen genii which ch ens danger its future with them it has a become S a one industry country without them it will become a country where any and every industry Indu can and will thrive it to la at present passing through a transition stage due either to a momentary men aberration er ration or to that permanent v ot of which max alax noilar talks |