ARROWTOWN.

Cromwell Argus, Volume VI, Issue 315, 24 November 1875, Page 5

ARROWTOWN.

(from our own correspondent.)

November 22, 1875. Mining matters here are decidedly looking up and it is to be hoped that the discoveries that have been made during the past week are but the forerunners of a season of prosperity on the Arrow.

The Sons of Fortune Company in driving their tunnel have come on good wasbdirt The prospect is an excellent one, 2 dwts to a dish of dirt. They are busily engaged at present in putting in sluice boxes’ Ac.; doubtless we shall know more about it in a few days. Ihe shareholders are of course elated at toe prospect of having a long series of dividends in the future.

.The Rule Britannia, Co. have also come upon the golden “ tack,” and few companies in this part of the district deserve to be rewarded for their outlay more than this one. For years they have struggled manfully onward, contending with a heavy stream of water and other numerous difficulties, and in the face of almost insuperable obstacles they have stuck to their work through good report and evil, and at length are in a fair way of reaping their harvest. May it be a good one. The contractors having finished their race, the Arrow Gold Mining Company resumed pumping on Thursday last, and are making good progress in reducing the water in their shaft. It is confidently expected that they will be able to bottom during the ensuing summer. *

The Universal Company are fixing their waterworks, and no doubt will be in a position to start working about Christmas. On Saturday evening Captain Heyward and Captain Macklin came over from Queenstown to swear in the members of the recently formed Volunteer corps, when about thirty of our citizens joined the army of our Noble Defenders. Mr D. M, Mackay was chosen Captain, Mr Hornsby, Ist Lieutenant, Mr Donoghue, 2nd Lieutenant, and other offices by leading townsmen.

The National Bank have made an offer for a building in the immediate vicinity of that recently purchased by the Colonial, and it is encouraging to see this evidence of confidence in the future of the township. A great want of the place is a resident doctor, and should the reef discoveries prove continuous that need ought to be supplied this summer. Shares in the Sons of Fortune Company have undergone a great rise in price, while several small alluvial parties have lately got on gold, which with the reef finds tend to a revival of confidence.

A track up the 12-Mile creek ought to be immediately undertaken by the Government, as plenty of votes will be unexpended.