The evening times., 1895-10-16
s275 worth Of shoes for 81. %.
Saks & Company
Pa Ave and 9Th Street, 'Saks' Corner"

pegged all the mine out in his name. There
were several thousand claims. worth at
least one million pounds sterling at that
time. Lot after lot he sold out to differ
ent companies for cash and interest, and
through tins streak OF luck he was possessor
of about f2, ,000,0 900.
I'm 1892 all the companies arnalgamated
with De Beers Company, which is the sole
possessor OF the fields at the present. Cecil
Rhodes, the prime minister of Cape Colony.
Barney Barnato and Toel brothers are the
biggest shareholders in this company.
Long before the amalgarnation in 1856
Barney went to Johannesburg geld fields.
in the Transvaal republic, where he bought
several mines for a mere song. as the dig
gers could not afford TO pay the heavy
license money each month 1" the govern
ment. The mines turned out trumps. as
everybody knows, and Barney is new the
Gold King OF South Africa, ruling the kaf-
firs. Although he is the richest man in
South Africa, except Cecil Rhodes, his
manners are not up TO the standard.
Through his bad language and insulting
manners to the leading members he was
expelled from the Kimberly Club, and
eight months afterward from the Rand
Club. in Johannesburg. TEE Rand Club is
the leading club of all South Africa
Il don't think that Barney is proud of
his ancestors, as he was born and brought
up in Whtechapel, in London. This 1
know positively to be truth. But in Lon
don society money washes many Sins and
bad regulations OUT
OF the effect of the "Kaffir'' craze In
England a writer in the Nineteenth Cen
tury for October says: There can scarce
ly be person in the United Kingdom who
is not aware of its existence. Everybody
speaks of it or hears Others discuss it:
everybody presumed to have some means
is the recipient of at least five OF six mining
prospectuses a week. The newspapers
TEEN with long advertisements contain
ing the prospectuses of new mining COM
panies, and almost every daily Journal
has conceded a special column to The Min
ing Market, which, comet-like, for the
time being obscures by its prominence all
other objects on the armament Of finance.
"A whole mushroom press has sprung
up in the city, largely called forth by the
sun of company advertising on
an unstnted scale; perhaps f25, 900 a |
week is now spent on bringing new mining |
ventures to the notice of the public. The |
stock exchange is SO active that after |
hours huge coDcourses of people have |
often obstructed traffic in Throgmorton |
street to an extent which necesSitated po- |
lice intervention; the three fortnightly |
settlement days had to be augmented by |
Ine, because it was impossible to crowd |
all the work within the customary time |
% 81, at-k,.
forced to double their staff and to keep |
heir offices open night and day at times.
I'm clubs and trains, in drawing rooms |
and boudoirs, people are discussing 'Rands'
and 'Modders,' even tradesmen and old
aides have taken to studying the Mining |
the rules of the Stock Exchange
Ind the highways and byways of stock
'rokiDg. Frequent instances are quoted of
,ersons who have made many thousands
)y .judicious operations and there are
'ery few people who do not try to reach the
ame desirable end, along the same appa-
emily easy way. In short, We are in the
midst of one of those eras of feverish specu-
ative activity, which, as all students of
nance and economies know, are con-
tantly alternating with periods of stag
lation and depression.
within little more than half year a
condition of timid enterprise has gradually
legenerated into craze for reckless specu-
alton. A huge advance in values has taken
lace. The aggregate quotation of Wit
yatersrand shares alone has risen from
80, 900. 900 last autumn to some f15O.-
100, 900 now.
There have been some phenomenal rises.
clipsing by far the most remarkable in
reases in quotation recorded during the
reat railway speculation. Some shares
ave within n few months risen 5000 per
ent, although so far they never yielded
arthing in dividends Instances of stocks
Thich quote 1000 or 1900 per, cent of
heir face value are common, and rise OF
few hundred per cent during the whole
is regarded as small and unsatis-
actory. Almost every new issue of shares
subscribed for many times over, and In
ome instances millions of money are readily
upplied, without questioning or condi-
ions. for purposes which nobody can de-
ine"