New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-07
ENGL ND ~ RNPNEO

J
The prospectus of the British North Bornco Com
rany has been issued in London. The Board OF
Directors is one of the strougas; that has solicited
public ii a,cripton for many yaars At the head Is
sir Rutherford Alcock late her MajeSty's Minister
AZ P-kig. BE Is supported by James Brand liar
vry. Fr1nd 4 Con- tWo members OF the firm OF Dent
Pros. Lord f'rhinstouc Sir Henry Keppel
C. b. Richard B. Martin, LombaTd-ot banker,
Rc,r-AGmiral Mayuc. and Philip a. My
burgh formerly Counsel to the British Govern
mont in China The capital offered is
$4,000 600. in shares of 500 each. Of this
amount The provisional association who have
obtained he grant and the CHATTER are 10 receive
+ 500 o. $500 tor the transfer The lawyers
am broocrS are those OF the - NIX OF England ana
If Vs.. mistake NOT two Of the Board are eN-aIrec-
tor. of chat institution The prospectus gives the de
,ll,ofth grant. with the outline Of which the read
crs of TIE TRIBUNE are already familiar 1t is silent
however. as thc question Of there being any prior
claim by ihe Spanish or Dutch Governments. bnt
SETS ont shat the Sutans of B,unai and Sooloo and
the Pangoran 1umongong whoever that may bel
have granted the territory in porpeluty subject 10
payment annually of $500.
On alanciug AZ the clauses which describe the re-
sor;cs ami productions of the country the reader Is
disposed 10 call to mind the wild dreams OF the
south Sea bubble. Besides such valuable commodI-
te. as camphor gntta-percha. indlarubb"r, coffee,
tea cmcnoua. tobacco, indigo, cotton ami host
of Jungle proGuctsr there are others from which
large returns are predicted. The island abounds III
birlsncsts Thee edlhl, birsGe SIS are an article
# inxnry much priced by The Chinese.
Immense cave plentifully supplied have been
discovered in fact species OF natural pantry
on large scale the preservation OF these succu-
lens art cleS of Chinese consumption. Then there
are pearl fisheries mother Of pearl, becie-le-mer.
tr,norc and tor.oiscshcL The country Is said t.
abound in minerals and precious
stones. Diamonds gold silver quicksilver,
antimony and coal are believed to exist
N abundance. Blt how is all tins 10 be woraedf
Where is the labor 10 come 'front.' Nothing so easy;
import Chinese says the prospectus: lnlmlgra-
ton from China to any extent is confidently antlc-
ipated" Here i, a hut for our Democratic friends
On the California coast. Ship the obnoxious China
man OF t, Bornco WHY should NE remain washing
linen here on sul~rance when la may be picking up
diamond, under British rule and protection IN "A eli
mate similar to his own The company is already
possessed Of a naval armament--lt owns an armed
steam yacht 2lJ tons Y. ~, four steam launches,
boats. guns and stores.' II has started mint and
turned out twenty tens Of copper coinage.
With such a board of direction and prospects so
brilliant John Bull Is certain 20 invest hls money.
Nud whatever faie may hefall the enterpIls'' II Is
inlpo -ible 10 SHUT our eyes 10 the 'act that It's
| m.nagcment has been iniIusted TO NOR
chan.s ami politicians accustomed both to
| Govern and to succeed. SIR Rutherford Alcock,
of all living Eug,i,hmen, is probably tho one who
most thoroughly understand, the Malay and Mon
goliup character Unless it be sir John Pope Hen
nc>sey. Governor of Hong Kong, there Is no other
servant Of her Majesty who has had such great ex-
periencc Backed by the Influence of The Bank of
! Engiaud he monetary part of the affair is secure
The difficulty viii arise from those impalpable re-
,istanccs which spring mp when Western civlliza-
ton and Eastern tribes come in conflict. There Is
one party to the proposed arrangement who bavenot
| been consulted. The Dyaks a fierce and turbulent
people may be- glad enough to be free from the ma
| rauding excursions Of the Sultans ot Brunai and
Sooloo bu' they may not be prepared to submit TO
forei n yoke. In that case many millions 81 money
md hundreds OF lives may he sacrificed before Bor-
neo becomes in Tact well as in name, British ter
| Utogy.