The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-01-18
Transvaal Reported to Have
Agreed to Pay Great Brit
ain $150,G0G, 900.
CHAMBERLAIN AS A JUGGLER.
England Hears That He Has Prom
Used, in Return, to Guarantee
a Loan to South Africa
for the Same Sum.
BY PAUL.

SPECIAL BY To THE NEW YORK
HERALD AND THE ST. LOUIS REPUBLIC.
London. Jan. I.-Copyright, lS3.1-The
nnM arrangements which Mr.. Chamberlain
IL said to have made at johannesburg are
complicated and obscure.
On the one hand, If Reuters kilograms be
~ accurate as they usually are. representa-
lives OF the Rand have agreed to a con-
tribution from the Transvaal to the ex-
penses OF the war that shall be thirty mil
Lions sterling.
On the other hand. the Colonial Secretary
lit must be presumed with the assent of
his colleagues In the Cabinet-has promised
2 British guarantee for a loan of the same
amount to be expended in improvements in
the new colony.
AL ~ananciers would agree that a guaran-
Tee means credit and that credit means
casn. Tor the liabilities OF a state diminish
Is borrowing power, which. in an emer-
ssScy. y equivalent to SO much gold.
H16t4arsaction, therefore, on the face of
looks like a juggle. but 1t is obvious We
Smust wait for further details before We can
form q final Judgment or even a definite
opinion.
eighth part Of the cost of the war, is very
much less than those newspapers which
support the Government have predicted that
the Rand would pay.
As, however, Mr.. Chamberlain had de-
clared in q public speech he would rather
take nothing than accept a reluctant gift.
we may assume that the amount will not
be increased.
1t does not appear-though 1t would be
most Interesting to know-with whom Mr..
Chamberlain Negotiated and what authority
they had to negotiate with him. He is too
good q man of business not to have salts
ned himself on this point, but he has pro.
claimed himself an optimist, and optimists
do not always scrutinize credentials.
The Britis0 Government. represented by
Lord Miner, at this moment has absolute
power over the internal affairs Of the
Transvas- SHThey can impose there what
8 " combination OF mine owners, British or
,.oreign- can bind any one except themselves
to contribute a single six pence for any pur-
pose Whatsoever. E..
Why the Transvaal should not keep its
millions and do without q loan IL a Quee-
tton which, no doubt, will be answered in
due course. IT is perfectly right and proper
their fortunes in the Transvaal should pay
the expenses Of administration, including
the military garrison.
1t Ia by no means equally clear that the
Kings subjects, together with the subjects
OF foreign Powers. who happen to reside in
his domdnions. can be required to find q
partial indemnity for the war between Brit
ain and the late Republic.
A spontaneous subscription from volun-
tary subscribers is, of course. q different
matter. may turn out to be the true
result of Mr.. Chamberlain eloquent ap-
peals to the larger patriotism Of his hear
ere.
II so. 1t will be equally creditable to them
and to him.. Nothing can be more important
TO the future of South Africa than the con-
currence OF all classes and races in the pol
Icy OF the Government at home,