The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-12-10

NEW YORK. Dec. s--The Herald his
morning SAYS. Charles Buffers. an Amer
team mining engineer OF high reputation,
whose fame Is as wei known IN Europe
"a IN this country. has arrived here from
yoharnes5urg South Africa. where ne mas
been for about six PEARS In charge Of
some OF the largest mining interests n the
TransvaaL
Hr. buffers visit 20 the United States 10
chiefly for gne purpose OF examining into
thA gold resources OF the country. with 3
vlew Of their further development By
Americans and Europeans. he - one OK
the eieven Americans who, with john
HAYS Hammond. were arrested by Fas
RGer spveTnmsnt because OF afsliatloa
WITH the reform movement IN the Trans
vaai last year a. the time OF DR.. jane
sons raid Sir. Buffers was released on
May DO fined sie.0oo and obliged to give a
bond not 20 interfere in the affairs OF the
Beer government for three years In an
interview Dir. Buffers sad:
THE Transvaal government IS now Get
ting down 20 assist the mining interests
Ia every possible way. The government
feels that Is absolutely essential. a taf g
amount OF capital that nss been made
there is going TO Australia or New Led-
land. or else coming 70 this country
Many capitalists think taat less atteat49n
has been paid 10 the gold resources OF tnS
AHfhFN STATES NtEHA Ht8s4@A ~ &--~
Foreign as well as American capitalists
are now turning their attention 70 ms
country and are sending engineers ntiees-
II into the field. 50 thai the slump IN va.
nss Ia the TranSEaai Is FeaAy oeAeAe
TO other gold producing countries.
The United States holds frs, place as
a gold producing country ard DO noS
think IL will ever De overtaxen Inc
business OF gold producing has realls De-
come one 81 the most important IN the
world The financial houses OF Europe
many OF them are organizing mining
department OF their business
Mr.. Buffers said. as far as his observa-
ton had gone. that il was not considered
proper here In the Eastern states for
first-ciass financial house 10 be interested
IN gold mining. This feeling. he thought,
would wear away. ss the business men OF
the United states become more fully ac-
qpainted with those who are making the
I'M esanents and carrying on the work
The confidence which has been placed IN
American mining engineers who have car
rled out the practical part or the WORK
by foreign investors and the money that
has been made BY the skin and ability OF
those who are developing the investments,
viii tend gradually 20 give Eastern IN
vAsfors confidence IN such enterprises
One thing that prevents the enlis tment of
foreign capital In United States gold min
ing was that there is no international ex-
change for gold mining stocks here. Mr..
Buffers continued:
mo European investor would think or
buying shares In an American gold MIN
ing company, whose shares are quoted AT
a few cents each. as in the case. Tor IN
stance with certain Cripple Creek stocks.
Some OF these days. when the best ousi-
ness clements In the United States begin
10 realize that Europeans are forging
ahead of us in gold mining. those elements
will combine and organize nrst-ciass
mining exchange which VIII have or It's
committees the ahlest men who are known
al home and abroad, and whose names
viii be a guarantee OF the standing OF the
exchange. Such an enterprise viii have
the support OF many OF the principal
houses In Europe and Will give gold min
Ing shares here a chance to be dealt in
abroad"
Mr.. Buffers. accompanied by his family.
viii leave New York on Friday Tor the
West. He viii look at different gold sec
tions OF the country and Will go as far
West as the Pacific coast. He will then
sail for Cape Town by way OF England.
They expect 10 return TO the United states
ih about one year. 10 remain perma-
nsntly.