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False Crushing Returns.

A miner writes from one of the new dktricta in the West to caution investors against placing much reliance on the results of crushinga which are about to come off. He states that the lease-owners who are about to send stone to the battery have lately purchased all the alluvial gold and specimens obtained on the field. This be regards as a suspicious action. He overlooks the fact, however, that investors of the present day are not usually satisfied with statements, assays, and reports of trial crushings. They require inspection by an export, and trial crushings on their own account—at least, all sensible speculators do. Folly creates knavery, and so long as there are crops of fools there will be found knaves to reap them. There is roguery in all trades, but there need be not a whit more in mining than in any other kind of business. The false atmosphere of romance which used to surround mining speculations has been dispelled. People of ordinary discrimination know that the mountains of gold, tin, silver, or other valuable metals are not numerous. Investors have commenced to deal with mines in a sensible way, just as they would with tea, sugar, soap, wool, or tallow. Among the exploded notions is the one that, because some one, say a member of Parliament, bought a lease from practical miners, say for L 5,000 on Monday, on the next Tuesday the land would be worth L‘20,000 to a company. Investors know that practical miners do not usually make presents valued at L 15,000 each. The Failures of such ventures ns the Tarangamba make investors cautious. This colony really presents a good field for mining investments that are conducted on sound principles.— 1 Sydney Mail.’

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https://paperspast.natlib.govt.nz/newspapers/ESD18890909.2.24

Bibliographic details

False Crushing Returns., Issue 8007, 9 September 1889

Word Count
292

False Crushing Returns. Issue 8007, 9 September 1889

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