Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1896-04-10
MONEY FOR ROYALTY.
ESgiand's Noblos Interested ia the
South Africa Company.
Wounded by Number or the Oucea's
Frtvy Cooocil-The Cause OF the
Present Trouble In the
TransvaaL

While there are some who nllcre
that. owing 10 it's ariStOcratic compost
ton, the Chartered company OF Soutl,
.Nrica. of which Mr.. Cecil rhodes j.
The presiding deity. WIZ never forfcit
It's charter IN spite OF the irconcrivahl,.
ncl OF aggression upon the TranS,;ai
republic 10y it's Otiiccis and ati.Yir;s
traitors. there nrc Jthr7-s of nor,
cynical turn of mind and acquaint~s
with the financial circumstance of In,
company, who ciaiIn that tine forfeitur,
OF the charter womb be the hapnic..
thing that could possibly happen t.
the company. and that DR. jameson.
raid across the British border W..
undertaken with the empress p,irpos.
or bringing about that event. The.
is TO doubt that the company for SON.
time hbs been In = very ba, way firau
chilly. that It ilhds Itself unable 10 r,il
MI its promises and pay 10 its stock
holders dividends on the shares which
tlir present holders have purchased a..
enormous premiums from the noble.
founders of the enterprise.
u the company were to go into liqui-
dalton by ordinary bankruptcy, due
10 the failure TO fulfil it's undertake
lngS. there would be a terrible row in
London. one which might affect even
the stability of the throne, since il
would be found that no; ouly members
OF The aristccracy but even Of the reign
irg house have realized vast sums OF
money by the sale OF shares in the con.
ccrn at huge premiums TO the present
unfortunate holders, most of whom
will he ruined. Thu natural tiSposi-
tIon of people undcr such circgm-
stances IS 10 aliegc fraud, aud. unfortr-
EHtcly. there has been much i'm conncc-
ION with the enterprise that appears
exceedingly tishy. - say the least.
Now.a forfeiture OF the chartcrwouId
practically relieve the company of much
OF the odium with which il would other
wise be saddlcd in lie event Of failure.
and the blame Of the latter could be
laid 10 great extent upon Che govern
uCnt, the directors Of the company
claiming that they could easily have
fulfilled all their engagements had not
the British government stepped in and
ruined the concern by repeating its
charter.
This is the only plausible excuse for
the otherwise absolutely irsaue frcaI;
Of DIR. jameson, one ol the r,osi clever.
irvcl-hendcd and br liant Of Hcutcn.
ants OF Mr.. Cecil RhoucS-in one word.
man possessing a the traditional
shTewdness OF the SEQ. Gilman coupled
with The spirit OF adventure of the
l-ngiiShman. lie is just he kind Of man
ready To sacrifice h,mSe.f TO cover the
retrrat-the financial rctrcat-of his
associates and friends.
The founders of the company are.
hrsI and foremost. Cecil Rhodes. n
member of the queens PRIV council
"ni prime minister of Cape Colony.
next in Importance TO his principal
phrincr in the concern being the duke
ol Fife. sOn-in-law OF the prince of
Wales. and the one OF all the members
of the Eritish NOBILITY to whom the.
queen has shown the greatest degree.
at favor. Then there is the duke Of
Abcrcorn. chief of the prince OF Wales
household. the leader of the, conScrva-
tive party in ireland and brother of
Lady lilaniOrd. mother of the duke OF
Marlborough. \ fourth is Earl
Gray, son of that Gen. Gray who
wSs so many years private secretary tc
the queen and the prince conSort and
governor Of the prince Of Wales before
the latter attained mis- majority.
II viii be seen from these names that
the social and political importance Of
.ho leading spirits in the South Afric:,
company are such that neither Lord
Salisbury nor MIR. Joseph Chamberlain.
the secretary of state for the colonies.
would dare To take upon themselves the
responsibility of anntlling the charter
save with the consent and approval of
the TWO dukes, the earl and the PRIV
councillor and colonial premier chief Y
interested i'm the affair.
let IL DC added that there is hardly n
member of the royal family. from the
prince OF Wales down to Prince Henry
CT 8attenberg. who has not made money
cot of the concern and held shares in
II, and the same may be said of the
/ principal members of the royal house
bold and soclety. the grand send-ofT
which Cecil Rhodes company received
( being IN great measure due 10 the
/ discrimination which he displayed in
aIlottInL founders shares only to those
who. either through their social or of
tsclal influence. could promote the in
! terestS OF the concern. Most of them,
however. have been clever enough to
unload their holdings when the shares
were at the highest notch.--Chicago
| Record.