The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-03-07

lpNuONt NlutCu O.-lNC DTlilSu Fast
Africa Company was formed abou, six
years ago by William Mackinion,
George Mackenzie and soinc othcrhard.
headed Scotchmen Of business who be-
l!cvcd they could establish in Africa an
empire asGrcat as that which the famous
East India Company carved out Of Hin.
doostan, and as profitable 10 the ioun.
dcrs. Other men OF business soon Join.
cd, among them ". Burdctt Coutts, VI.
p, the young man who married the old
Baroness; Edward DAVIS, u big ship
owner in Indian and African trades;
Sir John pulc,ton, ". p, an exception
ally shrcwd Wclshman, and J.. +. Hut
ton, n great Manchester merchant.
Then II was trumpeiGd forth TO the
world that the company intended to
the world that the company intended
70 smasI, up the slave trade, and that
bait tempted seycrI. philanthropists to
put money, INTO the business. Sir
Thomas lowell Buxton, Tor instance,
took :lU.OJg worth OF stock and Lord
kInnairu $500 worth.
HOW THE STOCK WAS TAKEN.
Finally list OF 80 founders was
made, and they subscribed between
them about hall OF the capital, which at
present amounts TO ESQ, 40, in shares
OF E2O. with gig paid up. The other
hall WAS subscribed by $50 OF the gcner-
al public in whose behalf no claim to
DISTINGUISHED phIlantrophy has ever
been put forward.
The MackInnon family, it should be
stated, hold between them over $4,000
worth OF founders" shares, which, If
the company should succeed as a COM
mcrclal speculation, would be worth
millions. and among the other leading
Il influential stockholders are the
Marquis OF IOrne, the queens son-in.
law, Lord Brassey, Sir Charles Tenant,
General Sir Donald Stewart, Major GEN
eral Sir Francis Dewsnton and Sir John
Kirk, formerly British consul general
NJ Zanzibar.
The company from the first enjoyed
government favor, thanks 10 which it
obtained 4 royal charter and negotiated
4 treaty with the sultan OF Zanzibar,
who, in consideration OF an annual sub
sidy OF $4,000, surrendered his sovcr.
eign rights on the mainland.
MASTER scuEME CONCEIVED.
Money was next spen: in harbor
works and piers at the coast stations,
after which the company persuaded
some philanthropists to subscribe
money Tor ! steamer to trade OF! Lake
Victoria, OF course on the ostensibie
ground that it was necessary in order
10 fight the slave traders. Bat some
time previously McKinnon, who has
since been made 4 b]arunet. conceived
the master scheme OF sendIn; Stanley
10 rescue" Emin Pasba.
1t is not now denied by any response
bic or diSinterested person that STAN
lcy's expedition was q Commercial, spec
u.atIon in the interest OF the British
East African Company. Emin's ivory
was 10 have paid expenses and yielded
Il large profit in addition, and Emin's
province was TO have been handed over
TO the company. Stanley has admitted
that he carried 10 Emin a tempting otter
10 enter the c1mpany's service. The
expedition turned out 4 failure, COM
mcrcia!!y and in other respects, but II
gave N%ack!nnon 4 reputation ior phil
aalhropy and the b~aronrtcy before
mentioned, and he is now trading upon
boIh. lie succeeded Il rcrsuading the
government tina; q railway from the
coast To- Victoria NyanZa WAS necessary
10 suppress the slave trade Az! 10 sup
port The Protestant missions III U.amua.
\ IMPORTANT SUBSIDY DEMANDED.
They demanded an imperial subsidy
ior the railway on pain OF withdrawn.
from Un-anda, in which sayage coun-
Try by ;uc way, the agent, Captain
!U.aFi. !EI, for TWO wears past been
;5-A'.u- and killing the natives Tor the
.nv OF 40! and The protection OF the
MISSIONARIES.
iUr government promised the subsidy
>I'n!! i.r construction OF the railway
ue -lnwU TO be practicable, and las;
s",-.n" a. ncI parliament 10 vote money
lot q preliminary survey. The demand
Wa Withdrawn IN lace oi the vehement
Opposition oil the Liberals. but on
...r-iay The government formal :
.-.v! lie uU.-- oi commons 10 vote
--a.ag. an. i..r ministers intimate!
i...; they m,au; 20 stand or ia.. ~ The
~E.Jpnsgl. !Mc Liberals, headed cy Mr..
aIsi"ac. cHGrAyorvi 10 compel the
government 10 .iv" iUrthor information,
:. ~" debate. Uh.,u occupied TWO
~, ~ u' u" ang-c. va. the !:yc.irst
Iaa' ha- t..en place th.. session. Mr..
lf.at sir william !i]arrourt and
otter Liberals urged with gTcl, force
Tat III" British government would he
mad" partner 81 y private commcrcIs.
corporation and would comm; l,-c.i 10
81. SORTS cd! .,-.OU- responsibilities bv
-r...'.u- i.r ayHuy, wE..r the Tories
ryl y. upon -ue s!.lYc ,:air argument.
aud upon .,.calious assumed there
"l'h II rUr late Brussels cDuic:cuc. by
England and o.hrr countries.
PECULIAR vog.SG oy THE ELL.
!.c money Wa finally voted 5y the
b-lr,; majorty ., tia; tho govern.
mraI ...i. had .oE scyrra. Years, bG, the
G.yIsluU was Eoi s~.-.c,.y a party one.
Mr. Gladstone and -. William !lar-
rcur', 20 everybody surprise. aJs;ain"l
tom vul az. after hayiaI placed on reg
OF. their ,l:-Ayuwa. o.! the !r,TOn~!a..-
,ty. which GIy prove UsriU! suHc das.
\ large mGwDe7 OF Liberals, afraid yi
missionary Influence, which i yr:v
strong N MANY Constituencies. took no
part IN n" division, anu some voted in
!ayoE OF :ar motion.
TIL" ".!ra, e.! al this bother is that
the British c1veruu-H: stand. cun.
mii'ri to ~" policy in Africa which
sal! a!"ao-; certainly end in the anDrva.