The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-07-19

IlSpeclal HtCorfeSponQencoG Oh Inc Times.
Salisbury, Rhodesia.
Within the past few weeks the Brit
Iish South Africa Company has In
creased its capital to s45,000.0o0. This
company is perhaps the. greatest land
world. 1t compares with the Dutch
Company, which owned Java, and with
the East India Company. which had
SO much to do with making Htndustan
than the Hudson Bay Company was
at the height Of its power,3an pros
lpectively its riches are beyond the
dreams OF avarice. The company owns!
and controls the vast territories In this
part of Africa which were acquired by
Cecil Rhodes when he made his great
expedition from Kimberley northwaru.
He conquered some OF the tribes and
made treaties with others, and at tAe3
end had added to the British empire
Ia principally greater. than France and
Germany combined. It comprised alto
Egether almost one-half million square
miles, going northward to the Congo
Free State and Lake. Tanganyika.
Mr.. Rhodes was granted by the Eng
|lish crown the right to govern and
lied the British South Africa Com
pa ny for that purpose. It was start
ed with a capital Of $5.O00,O00 along
about 1890. and by 1904 It's capital
had been increased to $30,000.000. All
of this money has been spent on the
property. 49, b ~
Several thousand miles Of railroads
have been built, numerous towns estab-
lished, many farms sold and Developed.
and gold mines opened,S out of which
taken. So far no dividends have been
paid, but the company has recently
been meeting Its expenses, and a t the
last meeting Of the IS tockhol ders 1T
was decided to issue 5000, 900 add
$4,000. 900. and this new money will
probably make the syndicate pay pig
"A Talk With the GOvcrnOr-Gencral.
am writing this letter,at Salisbury;
where are also the chief administration
had a talk with Sir3William Fl. Milton,
Of Of tie s chief efileials Of tie syndicats,
and has been connected with the COM
pany from It's beginning.,I II eSwas the
private secretary of Cecil J. Ri odes1 i
the time the company was formed, and
sent here as the chief secretary and
secretary for native affairs. He has
been connected with the ad ministra-
I{tion Of; Rhodesia sinre 1897, and he
knows like q boo the country and
5 II met Sir William sMiltonsa at the gov
fernment house, a benutI flI Il on e-story
bungalow, Which lies about two miles
from the business part Of Sal sbury
iTheShouse is surrounded bysjwell kept
grounds filled withsfloWers ana tropl-
,calF plants. It is beautifully furnished,
and the administrator lives quite as
!comfortahly here as he could in Eng
Iland. Said Sir WI liam IT. ilton:.
s3ss"You ask me to give you u birds
!, ego view of Rhodesia. ItBwould take n
lstrong bird to fly over 1t In a short
ltime, and one with sharp eyes to sac
iltda llss Southern Rhodesln alone is an
empire in itself,8l t is moro than one.
isixtl larger than Great Britain and
IRELAND, and 1t has great areas OF good
farming lands. I; Its full sof minerals;
Within the past few Years "a number of
small gold mines have been opened,
land tile OUTPUT from these IL steadily
both in Quantity and quail
|ity. N Gold mining In the Trunsynal
requires an enormous capital tlero
lit can be done uporli q small scale, and
we &nre finding 81 go cd n pay Nc II pr opost-
|tions scat tered over the country,
s..'Those already d lscovered3 90 Yerblnore
than 4, 300 square miles. and we now
have several hundred companies and
syndlcateH at work, s 8 have already
taken out something like 10000 or
10000, 900 wort h OF Is Id and we KIN oW
aud aH lead We have good Coal MINIS
AZ llYank ie,, q opt 1 z 90 miles NOR invest
SCont inppa seh Last n geo