BLUE SPUR OR SEW HOY COMPANY -WHICH IS THE WORSE?
TO THE EDITOR. Sir,—Public opinion is very strong in denunciation of the cupidity of the present owners of the Sew Hoy dredging claim; and their attempt to induce the public to give them L 102.000 for a property which, at the highest price at which shares have been sold, is worth only half the money, is discreditable to all who are concerned in this attempt to drag into the gambling vortex people who will be unable to meet the calls, that will assuredly never be represented either by dividends or actual saleable value of the shares.
On looking over the names of the provisional directors of this terribly overloaded company, I am astonished to find that there are well-known citizens who, under ordinary circumstances, would jealously guard their reputation for fairness in business matters. Have the blandishments and persuasions of the representative of the Flowery Land been too much for them '!
The proper thing for the directors to do is to at once withdraw the prospectus, or take up all the shares themselves and find the money for the construction of their dredges in some other manner. Failing this, all those who have applied for shares should request that their applications be cancelled.—l am, etc., Square Dealing, Dunedin, September 5.
Permanent link to this item
BLUE SPUR OR SEW HOY COMPANY -WHICH IS THE WORSE?, Evening Star, Issue 8004, 5 September 1889
BLUE SPUR OR SEW HOY COMPANY -WHICH IS THE WORSE? Evening Star, Issue 8004, 5 September 1889
Using This Item
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.