Word: transvaal
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Last week Wall Street's Ladenburg, Thalmann & Co. and Lazard Freres & Co. announced the formation of the American Anglo-Transvaal Corp., a privately-financed company to promote mining and industry in South Africa. (No stock in the new company will be offered to the public for the time being.) The London firms of Lazard Brothers & Co. and J. Henry Schroder were invited to share in the original $9 million subscription of American Anglo-Transvaal, and accepted...
American Anglo-Transvall, will operate on a partnership basis with the Anglo-Transvaal Consolidated Investment Co., Ltd., a $32 million holding company, one of the most active in South Africa. American Anglo-Transvaal will supply the cash; Anglo-Transvaal (with active subsidiaries in steel, oil, glass, coal, lumber, manganese) will provide the knowhow...
...profits of this first big beachhead of U.S. capital in Africa looked good. After every South African gold strike there has been an overall industrial boom. If it comes out of the workings of the Orange Free State field American Anglo-Transvaal, through its option to participate in any of Anglo-Transvaal's operations, will be in on the ground floor...
...adolescent with a passion for reciting Prometheus Unbound, an enthusiasm for the Empire-building of Cecil Rhodes. From Cambridge he went back to the South Africa of diamond fields and booming gold mines, of growing friction between British and Boers, who had trekked northward from the Cape to the Transvaal to free their rude, patriarchal, Bible-reading lives of uitlander (foreign) rule...
Young, ambitious Barrister Smuts began his political career as a follower of Cecil Rhodes. No disciple ever suffered more heartsickening disillusion. Impatient Cecil Rhodes stood unmasked as one of the plotters of the famed Jameson Raid (1895), which would have pulled sturdy Oom (uncle) Paul Kruger's Transvaal Republic into the British sphere. Jan Smuts tasted bitter ashes. None of his original ties to Britain & Empire had come to him by birth; his paternal ancestors had migrated from Holland more than a century before; he himself had grown up as an old-stock Dutchman among alien but ruling British...