That Corner-Stone.

When questioned as to his objections to the Industrial Report, the President said that “if it had been accepted the independence of the Republic would have been lost.” Provided certain obstacles were removed, he was in favour of taking over the railway. The profits of the railway were divided at the rate of five per cent, to the Company, ten per cent, to the shareholders, and eighty-five per cent, to the State. The shareholders, according to him, were not the Netherlands Company. As regards dynamite, it was the corner-stone of the State’s independence.