The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-12-29
THERE MAY YET BE TROUBLE.
A Company Organized TO Develop the
Disputed Territory.

LONDON, Dec. 2s.In spite OF the
fact that the financial side Of the Ven
ezuelan question is attracting more at
tention here than its political aspect,
it must not be imagined that every
body has been lulled into sense of
false security or that the authorities
are utterly blind to the fact that seri-
ous trouble may yet arise in connec-
tion with the boundary dispute
The stock exchange was very quiet
to-day. Americans closed weak at
HM1H lower. Home securities were
firm and foreign stocks were very ir-
regular.
The st. James Gazette. this sE&4s.-
noon. gives prominence to an article
dwelling on the mail news just receiy-
ed from British Guiana and in which
it is announced that at 4 meeting of
influential residents recently held at
Georgetown, capital of British Guiana,
a provisional board of directors was
appointed for the company known as
the British Guiana Chartered Compa-
ny, organized for the purpose Of de-
veloping the interior of British Guiana.
This board includes among it's mem
bers some of the leading
commercial men OF the colony and
some OF them are men who have hith-
erto been identified with the sugar in
dustry of British Guiana. This marks
a decided change in the attitude of
those prominent in the planting inter
estS uf the colony and the idea seems
to be TO start a chartered company in
the colony and invite home capitalists
10 enter In the undertaking This new
development is mainly due to the des-
patch of the Secretary OF State for the
colonies, Mr.. Joseph Chamberlain, in
September last asking if the local capi-
talists Of British Guiana were prepar-
ed to take up large concession in the
northwest portion of that colony and
develop the mineral and other re-
sources of the territory. At the same
time the hint was clarly conveyed to
the people Of British Guiana that If
their capitalists were not in position
to take up the matter there were peo-
ple in Great Britain who were able and
ready to do SO.
1t remains to be seen whether the
government will grant a charter 10
this company, in view Of the fact that
il has as competitors the home syndi-
cate which has already made pro-
posals 10 the local government, which
propositions, however, have not been
accepted.
The St James Gazette adds that
there is mo reason why Mr.. Cham
berlain should delay his decision in
the matter and it is a fair inference
that his dispatch Of September was a
counter move to the Venezuelan con
cession made to Americans in Feb
ruary and it may be fraught with
larger consequences than appear at
first sight"
In another paragraph of this article
the ST. James Gazette says: Hitherto
the inspectors of the British Guiana
police have been uniformed civilians;
but, now they viii be strengthened by
the addition of captain Johnstone and
Lieutenant Cobb, Of the British army,
as sub-inspeetors. Their appointments
we're announced to-day and are signi-
ficant Of the rapid transition OF the
British Guiana police into military
force Captain Johnstone, we appre-
bend, will instruct the negro police
in the working of Maxim guns.