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BEIT, ALFRED (1853-1906)

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Originally appearing in Volume V03, Page 659 of the 1911 Encyclopedia Britannica.
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BEIT, See also:ALFRED (1853-1906) , See also:British See also:South See also:African financier, was the son of a well-to-do See also:merchant of See also:Hamburg, See also:Germany, and in 1875, after a commercial See also:education at See also:home, was sent out to See also:Kimberley, South See also:Africa, to investigate the See also:diamond prospects. He had relatives, the Lipperts, out there in business, and in See also:conjunction with Mr (afterwards See also:Sir) See also:Julius Wernher (b. 185o) he rapidly acquired a leading position on the diamond See also:fields, and became closely allied with the ideals of See also:Cecil See also:Rhodes (q.v.). In 1889 Rhodes and Beit effected the amalgamation of various interests in the De Beers Consolidated Mines Limited. It was largely owing to the See also:capital and enterprise of Beit that the deep-level See also:mining in the Witwatersrand See also:district of the See also:Transvaal was started, and he had a large See also:share in the See also:principal See also:company, the See also:Rand Mines Limited. The See also:firm of Wernher, Beit & Co. gradually transferred the centre of their See also:financial operations to See also:London, where they became the leading See also:house in the dealings in South African mines. The rapid progress made in developing the diamond and See also:gold output made Beit a See also:man of enormous See also:wealth, and he utilized it lavishly in pursuit of Rhodes's South African policy. He was one of the See also:original See also:directors of the British South Africa company, and was included with Rhodes in the censure passed by the House of See also:Commons See also:Commission of Inquiry on the See also:Jameson See also:Raid (1896). He was subsequently one of Rhodes's trustees. Personally of a modest, See also:gentle, generous and retiring disposition, and strongly imbued with Rhodes's ideas of British imperialism, he was one of the South African millionaires of See also:German See also:birth against whom the See also:anti-imperialist See also:section in See also:England were never tired of employing their sarcastic invective. But though shrinking from ostentation in any See also:form, his See also:purse was continually opened for public See also:objects, notably his support of the Imperial See also:Light See also:Horse and Imperial See also:Yeomanry in the South African See also:War of 1899-19o2, and his endowment of the professorship of colonial See also:history at See also:Oxford (1905). He gave £1oo,000 to establish a university in his native See also:city of Hamburg and £200,000 for a university in See also:Johannesburg.

He built a See also:

fine house in See also:Park See also:Lane, London, but was never prominent in social See also:life. He died, unmarried, on the 16th of See also:July 1906.

End of Article: BEIT, ALFRED (1853-1906)

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