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-139-<br />

<strong>The</strong> 1898 concession agreement with the "Excelsior Mining Company"<br />

was amended in 1909, during the Administration of President<br />

Arthur Barclay, whereby<br />

"the further right was granted to the Company upon any<br />

public lands in the said County of Maryland County to<br />

cut and to fell timber" (7)<br />

whereas yet another amendment (in 1914) gave the company the right<br />

to construct a railway in Maryland County (which would run between<br />

the harbour of Cape Palmas and the northern boundary of the County),<br />

the right to construct electric light and power stations, and communication<br />

facilities (8). This amendment was approved during the<br />

Administration of President Daniel E. Howard. <strong>The</strong> interesting<br />

point here of this 1914 Amendment is that clearly the company's<br />

attention was focussed on the northern part of .Maryland County<br />

(this region became part of Grand Gedeh County under the administrative<br />

reform of 1964-). As these infrastructural improvements<br />

never materialised - infrastructure in this part of the country<br />

being non-existent before the coming to power of President<br />

William Tubman - neither mining nor timber cutting operations<br />

were ever carried out on a large scale (9).<br />

Recorded gold mining operations in this area started in the late<br />

1930's. In 1941, local people concentrated the mining of gold<br />

in an area south-west of the town of Zwedru, in those days still<br />

called Tchien, but the increased interest in diamonds after the<br />

discovery of important diamond deposits along the Lofa<br />

river, in the 1950's, and the resulting "diamond rush" brought<br />

gold mining activities virtually to a stand-still (10)a Only<br />

with the increase in the price of gold in the 197O's was<br />

renewed interest shown by various investors.<br />

<strong>The</strong>re are other sources reporting or indicating the failure<br />

of a start of the mining operations, in particular of gold,<br />

in the first half of the twentieth century in Liberia. In 1933<br />

President Edwin J. Barclay granted the Dutch "Holland Syndicate"<br />

(whose major financier was "Wm.H. Muller and Company") the sole<br />

prospecting rights in the country as well as an option on<br />

50,000 acres (to be selected by the concessionaire). <strong>The</strong><br />

Dutch concentrated their surveys on the Western part of the<br />

country, hoping to locate gold and diamond deposits in view of<br />

the recent discoveries and subsequent exploitation of diamonds<br />

in neighbouring Sierra Leone, near Pendembu. It was during<br />

this search for diamonds and gold that the high-grade iron ore<br />

reserves of Bomi Hills were discovered by one of the Dutch<br />

explorers (ll) (see below, the Liberia Mining Company, Chapter<br />

7). Whether the "Holland Syndicate" ever found and extracted<br />

gold or diamonds is unknown as no record exists of the<br />

minerals possibly extracted and exported (12). Though export of<br />

gold did take place during the 19th century and in the first<br />

quarter of the 20th century, the gold industry figured in<br />

export statistics for the first time in 1935, to the amount of<br />

I 22,700 (13). Most if not all of this had been produced by

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