SIR,--You have asked me to devote some of my spare time to the enlightenment of your readers on matters connected with the money-markets of the world. The request is an easy one to make. You talk of spare time, as if the man who controlled millions of money, and could _at any moment_ put all the Directors of the Bank of England in his waistcoat pocket, had absolutely nothing to do except to devote himself to the affairs of other people. Such a man has no leisure. When he is not engaged in launching loans, or in admitting to an audience the Prime Ministers of peoples rightly struggling to free themselves from debt by adding largely to their public liabilities, when, I say, he is not thusly or otherwisely engaged, his mind must still busy itself with the details of all the immense concerns over which he, more or less, presides. However, I am willing to make an exception in your case, and to impart to you the ripe fruits of an experience which has no parallel in any country of the habitable globe. Without, therefore, cutting any more time to waste, I begin.
(1.) _Mines_.--There can be no doubt that in this department a largely increased activity may soon be expected. I am aware that in "Shafts" there has been a downward tendency; but I am assured by the Secretary of the "Dodjâ Plant Co." (19½, 6/8, 54·2½, 7/8), that the prospects of this branch of investment were never more brilliant. The latest report of the Mining Expert sent out to investigate this mine, runs as follows:--
"I have now been three days in the interior of the Dodjâ Plant. I can confidently state that I found no water, though there was evidence of large deposits of salt, which could be worked at an immense profit. The gold is abundant. I have crushed ten tons of quartz _with my own hands_, and found the yield in florins extraordinary. The natives guard the mouth of the mine. Please relieve promptly. My assistant became a Salmi yesterday."
There is some obscurity (intentional, of course) in the last few words. I may, therefore, state that a Salmi is one of the most important native bankers. The profession is only open to millionnaires. I therefore say, emphatically, buy Dodjâs.
(2.) _The Carbon Diamond Fields_.--The latest quotations are 14-5/8 to the dozen, with irregular falls. Carbon Prefs. unaltered. Trusts firm. This is a good investment for a poor man. In fact there could not be a better. No necessity to deal through an ordinary stockbroker. Wire "CROESUS, City." That will find me, and by return you shall have address of banker, to whom first deposit for cover must be immediately paid.