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Mining stock and capital limits debate on Le Rot mine profits
The article recalls a St Paul magnate who declined a 5000 stake in Le Rot mine, then London sale yielded 5 million. It notes Marshall Field and Cecil Rhodes as figures in mining profits and questions why mining stock is offered to general investors. It argues local capital limits prevent full ownership despite value.
MENTIONED IN THIS ARTICLE
le Rot
St. Paul
London
Marshall Field
Cecil Rhodes
South Africa