New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-01-05
THE CHARTERED COMPANY.
IN BAD WAY FINANCIALLY-vAsr 81 Ms REAL
lied OUT OF IT By ROYALTY.

lied OUT OF IT By ROYALTY.
u-hne .here are some who allege that. owing
TO its aristocratic composition. the Chartered
Company Of South Africa. Of which Cecil Rhodes
Ia the leading deity will never forfei. It's char
,er IN snite Of the nconceivable act OF aggression
unon the Transvaal Republic BY ts officers
and administrators there are others ~ a more
CYNICAL turn OF mind, and acquainted with the
financial circumstances Of the company who as
sert that the forfeiture OF The charter would
be the happiest thing that could possibly happen
10 the company. and that Dr. Janesons ra'a
across the British border VS. undertaken Win
the express purpose Of bringing about that event
There are reports that the company has FOR some
time been IN a bad way financially; mat II nnds
itself unable TO fulfil its promises and undertaA-
ings and tina. II is utterly unable 10 pay - us
stockholders dividends on the shares when the
prs sent holders have purcased AT enormous pre-
uiurns from the noble founders Of the enterprise
Were the company TO go into liquidation ny or
s,narv bankruptcy due to the failure 10 fulfil its
UNDERTAKINGS there would be a terrible tuInu'
IN London. one which might affect even the sta
h,utv ~ the throne since it would be found that
M, onlv members OF the arfstOCracy, but even
NJ the regning house have realized vast sums or
money by the sale Of shares in the concern Al
,rr. nrern,ums to the present unfortunate hold
~. MOS, Of whom will be ruined. The natural
a,.noa,,ion OF people under such circumstances
"a N ellege fraud. and. unfortunately, there mas
been much in connection with the entire enter
nr,ss that appears exceedingly "fshy.' 10 say the
least
<ov a forfeiture OF the charter would prac-
t,callv relieve the company or much OF the odiuh
with which II would otherwise be sadd'ed IN case
-, .ouv,s and the blame FOR the latter could be
laid 10 a great extent. upon the Governments
the directors Of the company coniendihs 'hil
they could easily have fulfilled all their engage
rnents had not the British Government stepped
In and ruined he concern by repeating us
charter
This Is the only plausible excuse Tor the other-
wise absolutely insane freak Of DR.. Jameson. one
OF the most clever. level-headed ana oriiiaht
ueutenants Of Cecil Rhodes. in one word a man
,ossess,rg ALL the traditional shrewdness Of the
scotchman coupled with the spirit Of adventure
Of the Englshman He is just the Kind of man
readv TO sacrifice himself TO cover the retreat
the financial retreat-of his associates AMI
friends.
The founcers OF the company are. hrst ana
foremost Cecil Rhodes. member Of the queen
Privy Council and Prime Minister or the ape
COLONY Next in importance and his principal
mariner I'm the concern. is the Duke ~ FIRE, son
ir-lav Of the Prince OF Wales, ana me one OF al
members of the Brlt!Sn nODlHty 10 NipH
mo Queen has shown the greatest degree OF
sa,or Then there is the Duke OF Abefcorn, cnlel
~ .he Prince Of Wales's household. tho boss OF
the conservative party in ireland and brotner or
radv Rlandforl mother - the Duke OF MARI
h1ro,,gh. while fourth IL Earl Grey. son OF that
caneral Grey who was for go many years private
racrctarv of the Queen and the Prince Cons"r'
and governor Of the Prince Of Wales before ne
attained his majority. -. .,.,os ,ha,
n will readily be seen from thes" names tnat
,he social and political importance OF the Leading
sn,ri.s of the South Africa COMPANY is su'h
"a neither Lord Salisbury nor Joseph ChamDer-
,a1n the Secretary Of State for me Colonies
n.nrid dare t. take upon themselves the respoh-
s,hIitv Of annung the charter. save win me
o"neent and approval Of tho two Dukes me Ear
and the Pr.vy Councillor and Colonial premier
oh,aey interested in the affair.
~ 4, ne added that there is hardly ineuiper
n, the royal family. from the Prince OF "dles
d,un ~ Prince Henry OF Batienberg. VINO mas
40, made money out Of the coicern ana heu
aU rs In Il: and the may be said or me
on . v members OF the royal household ana
niatY the grand send OFF, which Cecii
phases,s company received being IN a gI"a'
,,nasura due TO the discrimination Whch ne uS
lied IN allotting founders shares Only 10 ms
LIZ either through their social or onciai IN
eusnce could promote the interests OF inc CON,
80 Most OF them. however were cever ehousi.
g. ,,,,oad their holdings when the shares we're al
the highest notch