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Ch. 13: Principal Diamond Mines of S. Africa

Ch. 13: Principal Diamond Mines of S. Africa Page of 448 Ch. 13: Principal Diamond Mines of S. Africa Text size:minus plus Restore normal size   Mail page  Print this page
294
THE DIAMOND
absence of public records up till the consolidation, no definite knowledge regarding the quantity of diamonds won could be had.
It was in this mine that the interests of Barney Bar-nato, one of the so-called diamond kings, centered. He had accumulated some money as a general trader and speculator when he made his first purchase in 1876, of claims on this chimney. His faith in the theory of Dr. Atherstone that all these Kimberley mining claims were in volcanic pipes, was later demonstrated by his purchase of the last claims owned by an individual in the mines, six in number, situated in the center of the pipe, for £30,000 each. This was a record price on the Fields. He continued to acquire claims when many thought that the diamonds ceased with the upper layer of yellow ground, and by the time that the underlying blue ground was reached and proved equally rich, or richer than the yellow, he had obtained an interest which enabled him later to exercise a powerful if not controlling influence in the affairs of the Kimberley mine. At the eighth meeting of the De Beers Diamond Mining Company, Barnato claimed that his interest in the mines of the Kim­berley district amounted to nearly two million pounds. A large share of this was made undoubtedly by float­ing stock companies.
An exact knowledge of the mine could not be had during the process of consolidating the various in­terests in it, so after its amalgamation with outside in­terests in the De Beers Consolidated Mines Company, it became difficult to entirely separate its affairs from the others of the combination of which it was a part, inasmuch as the working of each was regulated or mod-
Ch. 13: Principal Diamond Mines of S. Africa Page of 448 Ch. 13: Principal Diamond Mines of S. Africa
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