The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-10-01
DIAMOND MINES MAY FAIL.
THAT'S WRY THE GEMS PRICE rs
NOW GONE UP.

which Will Add to the Failing supply.
Tho price Of diamonds 10 going up and this Is
| why: One day. about ten years ago. Barney
Barnato proposed to Cecil Rhodes that they
put all the diamonds at Kim berley In pail
| Good enough" said the continent grabber.
Pour them in. I'd like to sec how they look"
| Barnnto placed a large bucket on one OF the
| sorting tables in the main office and into that
dumped all tho rough diamonds that had been
| mined during the year 1889. They filled It to
| the hrim.
Now" he said. "I'll buy that bucket OF dia-
| monds from you. Rhodes. just as they are. un-
sorted"
The two agreed upon a price and then there
was laid the foundation OF the famous diamond
syndicate which 10 now attracting the atten-
] tion OF the gem wearing public: for when Bar
nhto packed UP the stones and sent them to
London and Amsterdam II required the OK
| perts thepo three months to accomplish the
sorting. ahd In that period diamonds became
so scarce on the market that they began to
bring fancy prices. Mr. Rhodes. who can
awaken to such an opportunity without being
! roughly jolted saw It was a good thing. and
since then his syndicate has been buying up
the Kimberley diamond crop in advance and
doing out the stones as 1t sees At.
| The product is now arranged for until June.
| 1900 and II the demand continues to increase
no one can say what diamonds will be- worth
year from now mo " beers concentrated
S.'"e' 'olipah' ""s 'ho "o''u az ne meie,'
| No' enough oiamohos are prouuceu IN prsA'''
] Australia ana othel scattered iocalties 10 sup
ply INC uemano OF 'he GU, oi Fhiiaue'pnia
| aIone' nv 'e"e"orS III m"'ueh Lene say 'ha'
| the market 'alue Oh stones Is aireaay Az per
cent. higher than II wasa year ago. Every few
| weeks the syndicate makes a 10 Der cent. ad-
| vance ana the puyers must pay IL or ieaVe tneir
contracts uhn,ieo, which as a Costly proceeding.
mean"hie inc Ne beers oohsonoateu ID gong
rish' uionE payihs 4ope' cont. ui',uohos' mere
! "ere neslS e'kn' nh'iohS vi uoIars W ui'iue
AMONG VIC ,1n ~ '"e ~ noeis Oonso-
| ioateu lor tne year 1850 ana these fortunate
| persons VIII DC enr'eheo IN etlli sreaoer pro-
portion When inc accounts 'or 100" are cast
contrary 10 the genera IMPRESSION the man
"hon tne directors OF TINS con pahy noio re-
spohs'oie LOT Hs prosperny no' Neci d.
hnoues' no ~ NOT oven an EhEi'hmen. Out
! thoroughly whole-'ou'ed American VINO mas
dlspihyed euoh wonderiul managerial talent
that the stockhoders LOOK TO hlm' ~ IL were'
! ior tne'r yearly oiVidehos
uaruner r. Miii'ans' thouRh comparatively
unknown In TINS country 10 one OF the rev
| prominent characters IN SCUM AFRICA. ior ne Is
| heau anu 'front.' OF the aiamoho INDUSTRY ana mas
metamotphoseu inc town OF himoeriey from
aHragshnR settlement INTO MODEL city he
$50 greatly valued oy the ne Beers company
| tnaV no one e'er oueS'ions MS ect'one. ne mas
oi'en r'ques'eu 'nem 10 accept MS resignation.
! Out on each occasion inc oireetors ihcrsase MS
, salary as an ihuucement ior MN 10 remain
AS ior Mr.. hhodes' ne seldom comes to him-
! oetley these DAYS ana makes Whatever suR-
! eest'ohs no mas oy letter. HIS last lnstruc-
t'ons were TO decrease the OUTPUT Tor the
| mex. t"ei'e months. whieh VIII accordingly
/ De done.
mr.. Mihams IL ABOUT oo years o'd' OF I'M
posing heure ana kindly race. he American
consular agent a' Nun eriey' MS am ot'on 10
TO establish city where each man VIII own his
own nome ana make money enough 10 i've IN
comfort 10 'h's eno ne nus oeeuh mooe!
village on the outskirts OF himperiey' which Is
| eaneu heniiwortn' mere there are oeautlul
| cottages Win inc oest SANITARY arrangements.
which tho employees can rent Tor e. los a
! month anu purchase on lhstailments. Ihere
arc SPeciai cummings LOT oache'ors anu an OK
ceneht clubhouse. me village Is threaded oy
VIDE uriVewhys nanked with eucalyptus. OAK.
cypress ana pine trees
Waxing mousi Town. however mas been
only smah part OF thla enterpris'nR Ameri-
can services 10 the De beers company every
uay he goes over the three mines now being
! operated, han,eF' tne hlmoer'ey the he Beers
! anu 'hn rrehier me bu'ooteih ana Dutoit-
! span 'n"ugh coh'roned oy the company. are
not WORKED no VISITS the convict station the
variou" departments oil fach mine. practically
! hhnu'es every diamond shippeu from tho
country ana IN general taRes care OF hlS
family. when consists OF li'ooo native Airl-
cans ana Z'uoo "hte miners
| Inc lie beers mine mas no" oeen carried
oo"h 10 anu oeyono LAW Ieet ana the him-
periey 10 l'"o"toe. ihe Frsmier IL iess rlch
than these two' out mas larger area and 10
very easily WORKED. 30 That much lower cost
OF production compensates Tor smaller Yield.
Inc amount OF olue GROUND reported as In
sight IN inc three mines 10 enough 70 Keep
mem busy at Aim periey Tor nVe years. out MIR.
hhodes 10 cautious ana advocates constant
| uimlhutloh IN 'he yearly output LOT rear that
this vein OF blue ground may suddenly become
exhausted ana humanity deprived o. its supply
OF diamonds.
ne mas also instructed Mr. "iiliams 10
tghten the watcn against diamond thievlng.
| Tor when tho employees learn that the stones