The Transvaal from Within: A Private Record of Public AffairsFitzpatrick, Percy
History
The Transvaal from Within: A Private Record of Public Affairs
Fitzpatrick, Percy
Jameson's Raid, 1895-1896; Transvaal (South Africa) -- Politics and government -- 1880-1910
Is there no possibility for the Chamber of Mines to work with the
Department for the passing of such a law?--I don't know if laws exist
in France, Germany, England, or America, to that specific effect; but
if so, I would be guided by the wisdom and immense experience of the
law makers of those countries, otherwise we might be rushing in where
angels fear to tread.
Is it then possible? Are you willing to discuss the matter with
us?--Oh, yes; but I do not think that that is exactly what is wanted
in order to restore confidence. Lots of things combine to shake the
confidence of investors. For instance, to deal with some small and
homely matters, I was told by a member of the Sanitary Board
yesterday that an application for the underground rights of the
Market Square, had been made by Mr. Jan Meyer, a leading member of
the Volksraad. That does not help to restore confidence. The Sanitary
Board applied for a portion of the Telephone Tower Park in order to
erect a Town Hall. They were refused. Now, some one has made an
application for the right to erect swimming baths. That does not
restore confidence. I hope the mere publication of these things will
prevent them from succeeding. The Sanitary Board applied for the
Union Ground, also for public purposes, but it was granted to private
applicants on the quiet. They have hawked it about and borrowed money
on it. It was offered to many of the big capitalists here, but they
would not touch it. The Sanitary Board are told that a building is to
be put up, in which fifty rooms will be set aside for them, but they
are not satisfied that the authorities should do good by stealth and
blush to find it fame.
I cannot understand how mere applications can shake
confidence?--Well, they do, because they are only made when there is
a chance of their being granted. But, if you want facts, I will tell
you what shook the investor's confidence as much as anything that has
happened for years--that was the Ferreira claim-jumping raid, which
it was sworn to in Court had been suggested by you yourself, Mr.
Joubert.
Not 'suggested' by me--
The Chairman said the witness was straying away from the original
question.
Witness said that the Minister of Mines had wanted examples of what
shook confidence, so he was obliged to give them.
Public-domain text, read in full here on John Shaqi.
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