MINING NEWS.

Daily Southern Cross, Volume XXXII, Issue 5801, 2 May 1876, Page 2

MINING NEWS.

f\ icgnrd to the Tnirua Company the tollowing letter appears in yestet day's Ad,<r/istr, and has excited a good deal of comment: —Sir,- l Mu Satm day'siV"" Zealand Herald appears a letter signed ' Small Shareholder,' on reading which it srenis to me that thifl party would have chosen a uioro appropriate* name by signing, 'Large Shareholder.' as 1 recognise by his, to me, well known stylo of writing, one who has already cleared some few thousands by the late bubble, and would have netted a few more had it not been exposed so soon for him by that inexperienced and impulsive director. Tt is, indued, to l>e regretted, toi ' Small Shareholder's ' sake, th.it ho could not induce such men as Captain ilich.inls and Mr Walker tomiHuae their wcll-eaincd reputation notonly as exports, but as honest men, to icport for the benefit of a nunilx r of such whareholders tho existence of a rich )Oft. reef, where they only saw a few tonsures, which, as they reported, may lead to patches of rich gold, and their judgment is now pro\ed to be correct. [ am gl.ul Mr. Neves m again on the mine, and have little doubt but that he will bring to light its hidden treasures, as I believe the mine to be a payable one under proper management, but that it was prostituted by .1 cliijne as a mcan.s of making money, m a similar manner as attempted in the late (Jrccn Harp (now Union Reach), of Coromandel. The ti eatincnt pooi Ni*\en now experiences, being left in the lurch by those—it does not matter whether they reside in Auckland, Tairua, or the Thames — who profited by his generosity, getting original shares fiom him gratis, and making by the sale of these thousands of pounds, is quite in keeping with the lest of then transitions in this mine. I am glad ' Shareholder ' acknowledges that poor Neves was offered 114,000 for hia inteiest, but he forgets to add that ho was pi evented from accepting this money by some of tho original shareholders, who .sold as many .is possible of their own instead, fearing thai their little game would be spoiled by News^ large number of shaiet beiucj thrown onJj^fl market. To conclude, 1 tl link the onfl^^^J shareholders who profited so much thri^^H Neves' instrumentality cannot, if tl not wish to become a by-woid for meanfl|^| allow Neves to go to the wall withm^l coming to his leseue.- -I am, Ac, J( MK r 1 .™ Thames, May I, 187f>."

COROMANDEL, Monday. Pai mkunion. — The shaft in this mine has l>een flunk a depth of 83ft., the country .still continuing soft. Another leader has been been mot while crossing the one cut some time ago, and a very fair show of gold lias heeu seen in it by the contractors. This is a very hopcfol state of afTans for the .shareholders ; but these leaders will not be interfered with until the shaft has been sunk a depth of '200ft. by the present contractors, and from the nature of the giound it is anticipated that large blocks will bo met with as the shaft ia proceeded with. U-n ion Bkvcii. — Since the manager's report last appeared, ovor 14011). of rich specimens have been taken out from the various lodes, notably in the rise on tho cioss-leader, and also from the west end. About lo'Olb. arc now on h> nd, and it is expected that this quantity will be doubled by tho end of tho fortnight. The general stuff is also showing up very well for a good return. Bi.vi'K. IJw.k Comi'YW. — Tho sinking of this company's shaft proceeds apace, the country at present being much harder than heretofore, nut it is concluded that the dyke will shortly bo gone thiough, when better sinking will be met m ith. At present the indications aie the s.ime as the Union Beach went through w lnlo pulling down tho shaft, and every prospect is cntortaincd of the Black Reef soon being in hand. Kapavoa - The statement that appeared in tho I It raid last week relative to this claim is wholly unfounded, and could only have emanated from some person hostile to the manager of this company. I do not mean t» assort that tho llvmld correspondent wilfully misrepresented the state of the mine, but certainly he must have been led away when he penned the remarks that they "were eithei duving the wiong w.ij, or had missed tho hide altogcthoi.' The fact is that for a long time past tho manager has had a belt of remarkably hard country to contend with, where only 4ft. per week could be driven, and it is only within the last fortnight that the gi mind was so changed as to unable him to got on with the drivo at all. It should also he remembered that tho Kapanga lode i.i its u'idci li<- delion all niceties in cilcuKtiun, .is s jmctimes it has been found at .in angle of ir»dfgrce.s, and v. ithin a few feet at an angle of 21) degrees, .i.iil even l."> degrees ; and at tho depth it is now being opened upon it is iinpo>sible to )iidgo within SO or 40ft. whero it bhould bo met with. Such reports as those furnished the Ilft'dhi in any case can do no good, as they only tend to bring discredit on tho manager, and those connected with the mine, and the district generally, and prevent outside capital from being invested, whilo .it the same time they aro utterly without foundation. Tho gold returns for the month are as near approximated as possible. on will naturally wonder at the idea of appinxnnation when tli«y are so easy of attainment from the bank , but the fact is tho Bank of New Zeal ind, from some csiusp, refuses to gi\o the returns, alleging that tin; public liavo no li'.'lit to know their business. Of course, this would bo right enough if it was tho business o/ ;iu individual'; but, when tho public and tin- country gonoi ally :ne inteiestcd in tho matter of the prosperity of the goldfields, i am of opinion it is most decidedly tho public interest, thit all appert lining to this field should be ns widely known as possible, as it tends not only to cluvL specimen stealing .ind the gold losses tlierefiom, but ,\h<t to the investment of capital by those at .i distance, thereby benefiting the banking institution* to a uoiitiidciahh: degree. Jt may be said, whv not keep a record of all the cuisbinga? In leply, 1 My it is wholly impossible, as men often like small quantities of gold into the bank to -.r-H ,ird lequcst the greatest sccresy as j.iihapi tky haw not secured the tenuio *>i the land? Tho Hooner, tliereforc, tins protection from the head office in Auckland is iimowd, the noooner will the people lieiu belu ve then- is no mystery behind the scenes. Htiunm'H I'l nm . . " Union Hcu-h Ml" lilmnnn-k .. 'Ml! 4 UcKirliinu'H Clmm W Ko\.ilO.»k l r >7 'luUtea . . -'I'! I'luttif* . 12 P.ilmorxton'tt Trllmtc I ' hlllMlriCH, HHV 0 2,7 !_M

It is not generally known tint, in addition to the largest \anety of (aipets in Auckland, there nmy ulso be seen at the City Hall iurnishing »»oms a nice assortment of fnrnitme, so that buyeiH can make then selcctum of drapery, clothing, milliner}, carpets, furmtuie, bedding, Ac, at one establishnicnt, uiul depend on gutting roods at most n.isonable pnceH. Hollow.iy and (iarlhk are foitunate in ficeuring the services of Mi. R. Ctauwoll (lato Ciauwell and Co., Slunl-land-Htreet), who is now sunjrmtondiiiy" their e.ibmi't dep.irtinent, and is produeiug the Hiinio class of Hubst.mti.il and handsome fin uiture which gained tor tint Him such a good reputation. Some vei y < haste drawingloom mutes .ire now on view. a.lv> dining, bedroom, kitchen furniture, and an inijnenxr v.uiuty of ehaiiN, to suit ,uiy < Kiss of looms. Hotel keepers, bom dm:; bouse pro])rietotrt, house-keeperH, and young people contemplating matrimony are. leeoinmended to pay a visit to Holloway and (i.irbfk's drapcrH, clotlnere, c.ibinet-maUer.s, and upholsterei8, City Hall, Quoeu stieel, Auckland. "Sir, you are a political thing! — a perambulating monument of meanness — a bankrupt in everything but cheek !" " Boss, I don't uudeiRtand German, but I'll drink with you !" The diHinilty was settled on that basis. A Biooklyn buhol.ii', aged fourteen year<, embodied in a composition, last week, the statement that "the idea of a devil mat came out of l'criria, but it didn't amount to inneh until after tho ducovcry of America."— Bmok •