| Show A SOUTH AFRICAN BUBBLE all warnings warning from conservative source aou reef a sort ort of a craze tor for south african mining stocks has baa taken possession pou eMion of london and la is pleading to the european continent at bat baa now advanced so lar jar that a crash is looked for wore more disastrous in ate abon any panic in abt years A few figures will rive an idea of the enormous enor moui extent of toe transactions involved shares in ruuth african to the avalne valne of been distributed in england sad and on n the continent the whole output 0 gold cold for the year 1895 la is estimated 1 l when the oot of 0 production Is ia deducted the not net print nay may amount to between twelve and fifteen million dollars pro bably four of abia in ie absorbed by a few oom com will ling i to lo the remain jug ing millious milli oue of investors ln veator one of the leading spirit in 0 o mill An ganancial ancial scheme is ia cecil abodella Jibo Ab deB who formerly acquired tame fame befit he at cured control uio of f the large linmond mines mine of south africa he Is ie sigg alao so to have ha ve been aiming at the building up ot of an african republic with himself as president concerning the antecedents antecede nto of this new napoleon of finance the following to la published rhodes is the younger son ot of an english episcopal clergyman whose greatest ambition twenty years ago was to enter the profession of his hie fathe but health failed while he was arcol at college and he went to the cape of good hope tor for a change of climate soon after his arrival the kimberley diamond lover fever broke out and rhodes was stricken with it he therefore theredo re followed the rush to kimberley and began at once a career of the boldest kind of speculation it resulted ultimately in hi his securing possession of all the mines in the district which he consolidated under the name of the consolidated do de beers he then restricted the output by closing up some of the linw and thus thu a regulated the diamond market to suit his own purposes later on the discoveries of gold in the transvaal opened a new field for his adventurous spirit and he afterward extended his bin operations into Matabe leland located and partially developed some properties and then successfully cess fully promoted and listed a lot of soui h african mines in london turning says a commentator millions of unearned pounds into the coffers ot of the combine of which he was the chief his chief assistant is 18 a man named barney barnato who once earned a living me aa a contortionist but who now hit bin the heend ead of a london banking house bouse and entrusted with the duty duly of pro south african mining properties from the fact act that he has baa accorn a torture estimated at an idea way may be formed of the sue GOES cees he has scored in his bis capacity or of the enterprise it bag ba come to this that as an soon as aa barnato associates his bis name with any com oompaul peculating speculating in there is the wildest ec scramble ramble for C ii who have featured to in the south african bubble although not so conspicuously as cecil rhodes aud and barney barnato baraath Bara ato says may the san francisco chron c e are hamilton smith formerly engineer of the north bloomfield hydraulic roine mine on hum bux bug creek a tributary of the south yuba perkins who was waa at the same time superintendent of the abe north bloomfield bloom field fielo tom mein formerly of nevada city and subsequently of Alasko and do be crano remembered by every hydraulic minor miner as aa the be inventor of the a cl fleeter of the monitor or hydraulic giant he went to south africa some years yeara ago under hamilton smith wb in turn the lole reate of the he rothschild in doute african properties all of these are said to have made fortunes by their operations operation |
