The Discovery of Gold in Wales.

Evening Star, Issue 7449, 18 February 1888, Page 2 (Supplement)

The Discovery of Gold in Wales.

Several of the Welsh papers are most enthusiastic over the reported discovery of gold in the Principality. Every scrap of gossip, news, or comment is given to their readers in all the prominence of leaded type and large head-lines. They indulge in speculation that the gold-bearing strata is not confined or circumscribed. If, says a Cardiff daily paper, gold exists in the hills of the North, is it at all unreasonable to suppose that it may be found in tiie mountains of South Wales'! '‘We,” it replies, “do not consider it at all improbable that gold may ere long be found to exist in the county of Glamorgan. It would certainly be well if the people were to offer it to Mr Morgan for exploration. ” And to beget confidence an interesting biography of Mr Morgan is published. He is, the people are told, a native of Usk ; he served his time at Newport. He has had great experience in gold-mining, and now he has bought what the chronicler describes as “a very beautiful mansion at Dolgelly,” in which he intends at once to take up his residence. Meanwhile, it appears that as early as July Mr Morgan expressed his conviction that “in the near future the precious metal would bo obtained in payable quantities in the mountains of North Wales.” So rich are the auriferous deposits in the Gvvynfynydd Mine believed to be, that, according to the ‘ Western Mail,’ since the 11th of July, on which day the precious lode was struck, “gold of the value of from LIOO,OOO t0L150,000 has been stripped and is ready to be broken down. Such a result has not been obtained without excessive labor and a great expenditure of money. In fact, Mr Morgan spent L 30.000 in the valley before he saw the color of gold; while up to the present time he has expended nearly LIOO,OOO without having crushed any stone except a small quantity by baud.” It is readily assumed, to quote this newspaper, “ that the whole of the mine belongs to Mr Morgan.” That gentleman has, it is said, actually refused LIOO,OOO for a one-fourth share of it. Furthermore, the whole of the available quartz-bearing lands in that portion of North Wales have been secured by a powerful syndicate in London, who have placed the administration of them in the hands of Mr Morgan,