San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1896-12-09
BUFFERS SCHEMES.
he HAS BEEN MAKING GOOD GOLD
IN THE TRANSVAAL.
He Comes to America to Engage Ameri-
can Business and Capital in Gold
Mining Stocks.

New York, Dec. 9.-The Herald this
morning says: Charles Buffers, an
American mining engineer and expert
of the highest reputation, whose fame
is as well known in Europe as in his
country, has arrived here from Jo-
hannesburg, South Africa, where he
has been for about six years in charge
of some of the largest mining inter-
ests in the Transvaal.
Mr.. Buffers visit to the United
States is chiefly for the purpose of
examining into the gold resources Of
the country with view to their fur
Their development by American and
European capital. He is one of the
seven American men, who with John
Hays Hammond, were arrested by the
BOer government because of affilia-
tion with the reform movement in
the Transvaal last year at the time
of DR.. Jamison's raid.
Mr.. Butter was released on May 20
fined $4,000 and was obliged to give
bond not to interfere in the affairs
of the Boer government for three
years.
In an interview Mr.. Butter said:
"The Transvaal government is now
settling down to assist the mining in
terests. The government feels that
this is absolutely necessary. A large
amount of the capital that has been
made there is now going to Australia
or New Zealand or else is coming to
this country.
"The United States holds first place
as a producer and I do not think it
will ever be overtaken. The business
of gold production has really become
one of the most important in the
world. The great financial houses of
Europe are beginning to recognize
this fact, and many Of them are or
ganiZing a mining department in con-
nection with their business
Mr. Butter said, as far as his OBJ
servations went, it was not consider
ed proper here in the eastern states
for first class house to be interested
i'm gold mining. This feeling, he
thought, would wear away, as the
business men in the United States be-
came more fully acquainted with
those who are making the investments
and carrying on the work. The con-
fidence which has been placed in the
American engineers who have carried
out the practical part Of the work. by
foreign investors, and the money that
has been made by the skill and abil-
ity of those who are developing the
investments, will tend to gradually
give eastern investors confidence in
such enterprises.
zone thing that prevents the enlist
ment of foreign capital in the United
States gold mining is that there is no
international exchange for gold mine
stocks here" he observed. mo Eu-
ropean investor would think OF buy
ing shares in an American gold min
ing country, whose shares are quoted
at full cents, as in the case, for in
stance Of certain Cripple Greek shares.
Some of these days when the best
business element in the United States
begins to realize that the Europeans
are forging ahead Of us in gold min
ing. these elements will combine and
organize a first class mining exchange,
which will have on it's committee the
abIest men who are known at home
and abroad and those names will be
a guarantee Of the standing Of the ex-
change. Such an enterprise will have
the support of many financial houses
in Europe and will give gold mining
shares dealt in here chance to be
dealt in abroad"
Mr.. Butter, accompanied by his
family. will leave New York on Fri
day for the west.
He will look at different gold sec
tions of the country and will go as
far west as the Pacific coast. He will
then sail for Captown by way of Eng
land. They expect to return 10 the
United States in about one year TO re-
N n ant1u