THE COURIER
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(Copyright, 1902, by J. D. Jones.)
JOHANNESBURG, August 2. One
might almost imagine here that we are
the center of the promised land and
that a new Canaan had been born
born within the borders of the new
century. The long promised boom has
come and it would seem that railroads
and everything In the way of develop
ment could not be provided fast
enough for new requirements.
Every steamship, from whatever
quarter of the globe it halls, seems to
bring us immigrants many of them
apparently people of substance who
'seem to believe that since peace has
been declared there Is a wonderful fut
ure ahead for South Africa.
That they are not deluded seems
probable as the activity which is ap
parent at the mines indicates an un
precedented era of prosperity for the
Transvaal.
In spite of a little feeling in regard
to the settlement of the question.
destined to play a large part in the
new formation of things, the Incoming
element being very little interested In
Dutch ideals, merely seeming to be
seeking new outlets for enterprise such
as are looked for generally In new
countries.
The policy of the government seems
to meet favor on all sides and It looks
extremely doubtful If the few "kick
ers" would be able to maintain their
ground in face of a general prosperity.
The most disgruntled people of all
are the stockholders in the Rand
mines who expected that after all the
fight was accomplished they would be
able to reap an enormous harvest, ex
clusively to their own benefit.
That this Is not to be so seems ap
parent from the new system of tax
ation which has been formed for the
Transvaal.
The owners of the big Rand mines
are not particular In the way that they
sum up the new order of things. "We
consequence of this It Is proposed that
the revenue be raised by a tax levied,
not on gross returns, but upon the net
profits. "
Other steps are being taken beyond
this, favorable to the mine owners and
workers in various ways which will
cause them to regard the change of
government -favorably.
The Idea of the entire taxation
scheme seems to be that individual
enterprise should be fostered and the
poorer miners not be made to bear an
undue financial burden. To this end
the tax should be levied not on gross
returns, but upon net poflts. The
proposition is that steps be taken to
benefit mine owners and mine workers
in such way that they shall be finan
cially benefited. Important features
of the new regulations are: The aboli
tion of transit dues upon goods brought
through the southern colonies, an
equitable adjustment of colonial rail
way rates, a reduction of the excessive
freight charges made by the Nether
lands railway, which Is the short cut
to Delagoa bay and the sweeping aside
of the dynamite monopoly which has
existed for the Interests of a purely
selfish corporation and will mean a
clear saving to the colonies of three
million dollars a year.
In fact the economies to be brought
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which may merely be considered as an
undercurrent now, the Boers are re
turning to their homes and are de
lighted to do so.
They are not feeling a bit as badly
about things as some people would im
agine, for they consider that having
acquitted themselves bravely that they
have done the best they possibly could
under the circumstances and look for
ward to an ultimate Independence
through the development of a genuine
South African republic. Their feelings
are shared largely by the Dutch ele
ment at the Cape and It Is probable
that they will be gratified at the ear
liest moment possible by the formation
of a constitution here very much on
the same basis as that of Canada.
Of course the Ultlander element is
are a cinch" they say. "We own the
most valuable properties in the world
and are expected to pay for the dis
covery as well as to prove It. Leave
us alone and we will some day talk of
putting the Boer republic on Its feet
again." Of course they talk wildly
for they are well able to pay the addi
tional tax proposed. In view of the fact
that they are relieved from the old
taxations and are not called upon to
Increase unnecessarily the Initial cap
ital expenditure, or augment the cost
of working.
According to the government plans,
which are pretty sure of being adopted,
individual enterprise will now be en
couraged and the poorer mines will not
be called upon to bear an unfair pro
portion of the fiscal burden. As a
about by the changes In fiscal policy
here will amount collectively to not
less than 11.25 per ton of ore mined.
A prominent capitalist here assured
me the other day that the working cost
at the mines will be reduced practi
cally 25 per cent, amounting to $1.75
per ton and a financial authority here
asserts that we may estimate for the
coming year, on these propositions, a
net gain (taking the year 1899 as the
most recent calculable basis) after
paying the new profit tax, of at least
a million and a half sterling per year.
Basing the calculations upon this ar
rangement and probable production it
is estimated that within three years
the net saving from the Rand mines
will amount to about three and a half
millions sterling. Beyond these net
gains In profits the mines will benefit
from the utilization of low grade ore
which will now be rendered available
for exploitation.
It Is evident from these figures that;
the new tax of ten per cent upon net
profits can really be Increased for the
general benefit It necessary and that
the Transvaal can bear the taxable
burden of the entire confederation If
necessary with profit to Itself and a
general amelioration of conditions all
round.
In fact it seems impossible to sug
gest that the new system will not bene
fit the many and result In a largely In
creased sphere of prosperity for all
residential In the colonies.
J. D. JONES.
(Specials ffvom
r Oyster Ba?
Kermlt stubbed his toe this morning.
Mrs. Roosevelt turned pale nnd tot
tered, but bravely recovered her
equanimity. Secretary Cortelyou was
summoned by the president and rubbed
the Injured member until the circula
tion was restored.
Archie ate six waffles at breakfast
this morning. Ethel, who Is really the
life and soul of the presidential party,
humorously observed: "If you don't
look out. Archie, you'll become a
waffle yourself." Unrestrained hilarity
of course, succeeded, and Ethel was
congratulated on all sides on her bon
mot.
Teddy having successfully attained
the summit of the Oyster Bay church,
proceeded to stand on his head upon
the weather-vane. Secretary Cortel
you was Instantly despatched to fetch
him down, tearing his trousers his
Sunday ones In so doing. The board
of estimates has voted him a new pair
If the old ones cannot be patched.
Pork for lunch at Sagamore Hill.
Mrs. Roosevelt gathered a posy of
daisies this morning, a token of pas
toral Innocence truly symbolical, and
proving that simple tastes are not
wholly confined to the lowly. The
president ate pickled onions for after
noon tea with an evident relish.
This morning Hermit's pet rattle
snake died. He was convulsed with
woe, and pleaded grief as an excuse
for not accompanying his family on
one oi their fifteen dally baths or
twenty-six daybreak gallops over the
Sagamore Hills. The secretary of state
has promised him a baby white ele
phant to console him for his loss.
Secretary Root arrived at Oyster
Bay this evening. Query by Ethel at
tea time: "I say, Mr. Secretary, are
you the root of all evil?" Mr. Cortel
you Immediately cabled this truly
wonderful child's wheeze to the foreign
courts. Ethel's future Is assured or
should be. The following Is the routine
planned for the Roosevelt menage dur
ing the summer: Breakfast, lunch,
dinner, bed; truly a sensible one, which
doubtless caused the president and his
wife much trouble to draw up. Town
Topics.
TO CROWN KING
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Here is the latest photograph of the
venerable Archbishop of Canterbury,
who will place the crown on the king's
head and take a more active part in
the coronation than any other person
present, not excepting the king himself.
