after the conference. It said:

“Mr. Rhodes is my man! I have just had three hours talk with him. He is full of a far

more gorgeous idea in connection with the paper than even I have had. I cannot tell you

his scheme because it is too secret. But it involves millions. He had no idea that it would

cost £250,000 to start a paper. But he offered me down as a free gift £20,000 to buy a

share in the P.M. Gazette as a beginning. Next year he would do more. He expects to own

before he dies 4 or 5 millions, all of which he will leave to carry out the scheme of which

the paper is an integral part. He is giving £500,000 to make a railway to Matabeleland,

and so has not available, just at this moment, the money necessary for starting the

morning paper. His ideas are federation, expansion, and consolidation of the Empire....

He took to me. Told me some things he has told no other man—save Lord Rothschild—

and pressed me to take the £20,000, not to have any return, to give no receipt, to simply

take it and use it to give me a freer hand on the P.M.G. It seems all like a fairy dream....

He said he had taken his ideas from the P.M.G., that the paper permeated South Africa,

that he

met it everywhere.... How good God is to me.... Remember all the above about R. is very

private.”

The day following this sensational conversation Stead lost a libel action to the amount

of £2000 damages. Rhodes at once sent a check to cover it and said: "You must keep my

confidence secret. The idea is right, but until sure of the lines would be ruined in too

many hands. Your subsidiary press idea can be discussed without risk, but the inner circle

behind would never be many, perhaps three or four.”(6)

About the same time, Rhodes revealed to Stead his plans to establish the British South

Africa Company and asked him who in England could best help him get the necessary

charter. Stead recommended Albert Grey, the future Earl Grey, who had been an intimate

friend of Stead's since 1873 and had been a member of the Milner-Toynbee group in

1880-1884. As a result, Grey became one of the original directors of the British South

Africa Company and took the first steps which eventually brought him into the select

circle of Rhodes's secret society.

This society took another step forward during Rhodes's visit to England in February

1890. The evidence for this is to be found in the Journals of Lord Esher (at that time R.

B. Brett), who had obviously been let in on the plan by Stead. Under date of 3 February

1890, we read in these Journals: "Cecil Rhodes arrived last night from South Africa. I

was at Stead's today when he called. I left them together. Tonight I saw Stead again.

Rhodes had talked for three hours of all his great schemes.... Rhodes is a splendid

enthusiast. But he looks upon men as 'machines.' This is not very penetrating." Twelve

days after this, on 15 February, at Lord Rothschild's country house, Brett wrote in his

journal: 'Came here last night. Cecil Rhodes, Arthur Balfour, Harcourts, Albert Grey,

Alfred Lyttelton. A long talk with Rhodes today. He has vast ideas. Imperial notions. He

seems disinterested. But he is very ruse and, I suspect, quite unscrupulous as to the means

he employs.”(7)

The secret society, after so much preliminary talk, took form in 1891, the same year in

which Rhodes drew up his fourth will and made Stead as well as Lord Rothschild the

trustee of his fortune. It is perfectly clear from the evidence that he expected Rothschild

to handle the financial investments associated with the trust, while Stead was to have full

charge of the methods by which the funds were used. About the same time, in February

1891, Stead and Rhodes had another long discussion about the secret society. First they

discussed their goals and agreed that, if necessary in order to achieve Anglo-American

unity, Britain should join the United States. Then they discussed the organization of the

secret society and divided it into two circles: an inner circle, "The Society of the Elect",

and an outer circle to include "The Association of Helpers" and The Review of Reviews

(Stead's magazine, founded 1890). Rhodes said that he had already revealed the plan for

"The Society of the Elect" to Rothschild and "little Johnston." By "little Johnston" he meant Harry H. Johnston (Sir Harry after 1896), African explorer and administrator, who

had laid the basis for the British claims to Nyasaland, Kenya, and Uganda. Johnston was,

according to Sir Frederick Whyte, the biographer of Stead, virtually unknown in England

before Stead published his portrait as the frontispiece to the first issue of The Review of

Reviews in 1890.(8) This was undoubtedly done on behalf of Rhodes. Continuing their

discussion of the membership of "The Society of the Elect," Stead asked permission to

bring in Milner and Brett. Rhodes agreed, so they telegraphed at once to Brett, who

arrived in two hours. They then drew up the following"ideal arrangement' for the society:

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