"That Gold is mine!"—2. The Proportion of Gold per Ton.—3. Cost of Production.—4. A Gold Mine is an Industrial Exploitation.—5. Distribution of the Gold Production.—6. Cost of Production, and the Transvaal.—What the "Vultures" brought

52 Chapter X. Financial Policy of the Boers. 1. Receipts of the Boer Exchequer.—2. Budget Assessment of the Burghers.—3. Salaries of Boer Officials.—4. The Debit side of the Boer Budget.—5. New Taxes.—6. Attempt to raise a Loan.—7. Fleecing the Uitlander 59 Chapter XI. Monopolies in the Transvaal and the Netherlands Railway Company. 1. Article xiv. and the Monopolies.—2. The Dynamite Monopoly.—3. Railways.—4. The Drift Question.—5. Methods of Exaction 66 Chapter XII. Capitalist Intrigues and the War. 1. A war of Capitalists.—2. A Local Board.—3. A deliberating Council.—4. Timidity of the Chamber of Mines.—5. The Petition and the Despatch of May 10th 73 Chapter XIII. The Franchise. 1. Impossible Comparisons.—2. Policy of Re-action.—3. The Bloemfontein Conference 80 Chapter XIV. The Franchise after the Conference of Bloemfontein. 1. A Krüger Trick.—2. The Bill passed by the Volksraad—3. Pretended Concessions.—4. The Joint Commission.—5. Bargaining.—6. The Conditions, and Withdrawal of Proposals.—7. The Franchise is Self-Government 87 Chapter XV. The Suzerainty of England and the South African Republic. 1. Who Raised the Question of Suzerainty?—2. The Suzerainty and the Conference of the Hague 95 Chapter XVI. The Arbitration Question. 1. How the Transvaal interprets Arbitration.—2. Mr. Chamberlain's Conditions 101 Chapter XVII. The Boer Ultimatum. 1. Dr. Kuyper's Logic.—2. Despatches of 8th and 22nd September.—3. The Ultimatum 108 Chapter XVIII. Dr. Kuyper's Final Metaphor. 1. Where are the Peace Lovers?—2. Moral Worth of the Boers.—3. A Lioness Out of Place.—4. Moral Unity by Means of Unity of Method 113 APPENDIX. a.—England, Holland and Germany 119 b.—Dr. Kuyper's Admission 124 c.—The Last Pro-Boer Manifestation 130 d.—South African Critics 136 e.—The Transvaal and the Peace Conference held in Paris from September 30th to October 5th, 1900 151

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PREFACE.

The Question.

I have endeavoured in the following pages to separate the Transvaal question from the many side issues by which it is obscured.

In the "Affaire Dreyfus" I constantly recurred to the main point—Dreyfus was condemned upon the "bordereau"; Dreyfus was not the author of the "bordereau," therefore he was not responsible for the documents named in the "bordereau."

In this case, in like manner, there is but one question:—Has or has not the government of the South African Republic acted up to the convention of 1884, and is the English government bound to regard that convention as of no effect