Daily inter mountain. [volume] (Butte, Mont.) 1881-1901, 1899-09-22

err call for money the next three or four
weeks, and while industrial activities
may cause a generally firmer money mar
ket throughout the world-the three per
cent boom period having been passed
| some time ago with the revival of the
industrial activity throughout the world
| the real danger in the immediate situa-
| ton is not with Uncle Sam, his political
situation, his currency situation or his
colonial situation. but in the South Afri-
can situation of his English cousins
across the water.
English consols rave steadily fallen as
never before during the past ten years
until now they pay a far better rate than
United States government bonds. Eng
land passed through her railroad con
struction and railway share ton
many years ago. She has also largely
passed through her industrial share spec
ulation period and she is now in her min
ing share period with more money hang
ing in the balance in South African min
ing interests than all the American
money that has been put into recent
American industrial enterprises or So
called trusts.
Chamberlain in the colonial office has
been playing politics. over South At
RIGA, with the highest obtainable infor-
nation asserting that there must ulti-
mately be no war, as the cabinet, the
prime minister and the queen are Opposed
to it. But it must be remembered that
the South African volcano has been
slumbering ever since the Jameson raid,
and that every months developments
have only made more certain the ulti-
mate issue. i
The English people are as firm in their
determination to defend their brothers
and their financial interests in South At
RIGA against what they believe to be Boer
oppression as are the citizens of the South
African republic that they will go down
before English guns before they will fur
Their yield their independence to English
dictation.
The song of 'The White Mans Bur-
den,' which has been rolling around the
world of late, means the destiny of the
English speaking races to govern the
world. Now a financial outlook concerns
itself more with results %financia from
other peoples s%quabbles than with de-
tails of the issue between them although
no financial structure can long endure
that has not a liberal measure of justice
and equity at its base.
The South African affair not being in
any way an American quarrel concerns
us mostly with possible results, and these
things are possible financial results of
a war in South Africa in which the su-
premacy of English arms may for a long
time be put to the test.
First-A concession of the export of
gold from South Africa whence now
comes one-third of the worlds gold sup
ply.
Second-A possible spreading of the
trouble throughout all South Africa,
with enormou destruction of life and
property: such a destruction as was
never seen before in territory enumerated
as in the British dominion.
Third-The possible successes of Brit
ish arms only after the destruction Of
more than $500, 900, 900 of English property
and the destruction, so far as 1t is pos
sible, Of Johannesburg and it's mines and
all that has been there built Upon that
wonderful field of gold.
Fourth-The greatest mining share
panic that England has ever experienced:
and it is in South African mining that
English speculative capital is now most
invested.
Fifth-A reflex action upon this side of
the water in sharper demand for gold, in
sales of American securities held in Brit
ish reserves. and all the a%ttendan ills
that gradually max their way around
the world when it's gold centers are
rocked