The Tin Find.

Daily Telegraph (Napier), Issue 5465, 2 March 1889, Page 2

The Tin Find.

ANOTHER WABNING NOTE.

[SPECIAI. TO DAILY MSIJSOHttFH.j

lotbrcaegill, Last niivfcij,. Referring to Mr. Ashcroft.V proposal fchatf a company, with a capital of £100,000,, be tormed to take tho present elaimholdsrs* interest in tho Stewart Island tinfields,' Ihe- '• Sautmund Daily News to-night utters a.. \ caution to persons disposed to ;spec«ilate« \ untilbulksatnpieaofthoorohaVebeengmelled; in Tasmania or Ifedda th'aifc. Ashcrof t himself, in the course of his very interesting account, made use of'a ve*r eignifioayt expression- " Thu long and aho"rt of i% was that, in order to judge, a raaa was wanted who was really aa export;, ,,. It concludes its article as follows :■—"lNJadine that event, the "company fonnias;, or the transfer of can be neither more nor less than gaipblW' with the odds dead against the hones/t' »nd simple minded of the comraittiity. l' n jjay. '~ ing this we speak as Mr Ashcroft tried to do—under a etroug sense of responsibility To do anything to, retard tho' development of the resoeroee believed to exwt at Pegasus, would be manifestly an sot, of supreme folly on our part,; but , , pn the oiter hand, to aid in getting 1 up v fictitious "bftom" woidd be little short of'criminal. &* ' Perhaps the clearest wav of putting it ia to say that so iar nothing wositive' is known of; the lntnnsio nature of tne Pegasua tin ores that very little has been,' done by those om the ground towards determining,; and that, in plain terms, shepherding and olaim-deal-u»gr have been the order of the day. Had! not this been the oasej ' theve ' woiildl long ere now have been shipments of om made to Tasmania for-. reduction by the most modem and effectivo means in use there. With the percentage claimed frooa .40 to 70 per crat* of r.ure metal from the rock on the drift, the, expense of transport would be triffing in oomparisoa wiUi the yield, and if tbe glowing antioipatitme inaulged m were realised, no eßffieulty would be found in obtaining capital enough and to spare for every necessary purpose.