d with perfect
decorum, despite the surprise that the address had drifted into an
impassioned Gospel sermon.

This grand old Boer is the very personification of noble patriotism and
devoted concern for the welfare of his nation. While admiring and loving
the man, what sorrow on the one side and indignant execration on the
other do not overwhelm one, seeing that such a pattern and leader of men
should have become the victim of that heartless Hollander coterie! One
cannot but marvel at the same time at the alert skill and wily patience
which must have been employed during the many years past to hold
President Krueger with State Secretary Keitz and President Steyn in the
Afrikaner Bond leash ready to let loose with unshaken convictions upon
the supreme contest designed for them and their people by the
machinations intended for upraising Holland at the risk of immolating
the victimized Boer nation.

PEACE ADJUSTMENTS

Upon this topic a few remarks may be placed under the assumption that
the arch enemy's triumph in the present war will be circumscribed by the
havoc and the bereavements created by it, and by the forfeiture
inflicted upon the poor deluded Boers of their special heirlooms. One of
the considerations would be the war cost and its recoupment, and another
important one is the measures needful to prevent a repetition of a Bond
revolt.

As to the war indemnity: it is well understood on all hands that the
supremacy of Great Britain, when once established as the result of the
war, will greatly enhance the value of all existing capital
investments--10 to 50 per cent., and many even 100 per cent. It is not
to be denied that capitalism has evinced decided eagerness that English
supremacy should be asserted, and it is in a manner amenable together
with the Afrikaner Bond, for secretly striving to bring about the
contest each independently in its own way, but without the least concert
with each other. It appears therefore equitable that capital should
become contributable to the cost of the war which will eventually result
in so largely enhancing its invested values.

A tax of 2-1/2 per cent. upon the aggregate investment values and a
royalty upon the mining industries of 25 per cent. of the net profits
would appear reasonable.

The 2-1/2 per cent. tax might bring a sum of ....... 15 millions

The royalty could be reckoned at capitalized
value ............................................ 50 "

The c