The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1896-12-10
ocln MININa m AMERIcA
Charles nutters Expresses himself In
Regg~d % H.

NEW yoRE, DcA s.-The Herald has
a long interview th Charles Buffers.
tho American mining engineer and an
axpert Of the highss reputation. whose
fame is as well kndwn in Europe a. in
this country, and who has aiTi7el here
from Johannesburg, South Africa,
where he has been fOr about six years
In charge Of some Of. the largest mining
Interests in the Trnnsvaal.
Mr.. Butters' visit 20 the United States
Is chiefly for the purpose of examining
into the gold resources OF the country
with a Wow 10 their further develop
ment by American and European cap
italists. He is one Of the seven Ameri.
cans who, with John Hays Hammond,
were arrested by the Beer government
because Of their taking part in the re-
form movement last year az the time Of
DR.. Jameson's raid. Mr.. Batters was
released on May 90, fined $1,000 and
obliged 70 give bond 10 not interfere
In the affairs Of the Boer government
for three years. In an interview Mr.
Buffers said;
1.-THE Transvnal government is now
settling down 10 assist the mining In.
terests The government feels that this
is absolutely necessary A large portion
Of the capital that has been made there
II now going TO Australia or 20 New
Zealand, or else is coming to this ooun-
try. Many capitalists think that less
attention has been paid 20 the gold re-
sources OF the United States by organ
lied effort than should be the case. For
eign as well As American capitalists are
now turning their attention 70 this
country and are sending engineers di.
rcctly into the field. so tina, the slump In
values In the Transvaal Is really bene-
IL 20 other goldproducing countries.
1.-The United States holds first place
as a producer Of gold. " said Mr. Buffers,
and don't think it will ever be over.
taken. The business Of gold production
has really become one Of thu most i'm.
portant in the world. The great finan.
oial houses OF Europe are beginning to
recognize that fact, and many Of them
are organizing n mining department In
connection with their business"
Mr.. Buffers said that "a far a. his
observations went. IL was not consid.
cred proper here in the eastern states
for firstolass financial house 70 be in.
terested In goldmining. This feeling
will wear away as the businessmen Of
the United States become more fully
acquainted with those who are making
tho investments and carrying on the
work. Tho confidence which has been
placed IN the mining engineers. who
have carried out the practical part Of
the work, by foreign investors. and the
money that has been made by skilled
ability Of those who are developing the
investments, with the end 70 gradually
give eastern investors confidence in such
enterprises.
zone thing that prevents tho enlist.
mont Of foreign capital in United States
gold mining is that there is no inter.
national exchange for gold mining
stocks here, he observed. "No Euro.
pean investor would think Of buying
shares in an American gold mining
company whose shares are quoted at a
few cents each, rs is a case Tor instance,
with certain Cripple Creek stocks. Some
of these days when the best business
elements In the United States begin 20
realize that Europeans are forging
ahead of Us In gold mining. these ele-
ments will combine and organize In q
first class mining exchange, which will
have on is committee the ablest mon,
who are known at home and abroad
and whose name will be a guarantee Of
the standing Of the exchange Such an
enterprise will have the support Of
many financial houses in Europe and
will give gold mining shares dealt in
here a chance TO be dealt in abroad"
Mr. Buffers, accompanied by his
family, will leave New York ON Friday
for the west He will look at the diff.
ferent gold sections Of the country and
viii go as far west a. the Pacific
coast. He will then sail for Cape Town
by way Of England. He expects to re-
turn to the United States in about one
year 10 remain permanently"