CORRESPONDENCE.

New Zealand Herald, Volume XXV, Issue 9209, 12 November 1888, Page 3

CORRESPONDENCE.

THE PROPOSED AMALGAMATION OF THE TRENTON AND CAMBRIA MIISES. TO THE EDITOR. Sir, — Your correspondent " Another Shareholder" would have done well, instead of stringing together a lob of gratuitous assumptions, to give the public some information, should he possess it, respecting my leading questions. My interest in the Trenton mine is most likely more substantial than his own, at any rate it is not tainted, as it is evidently with him, by the possession of a larger share i:i the ambria mine ; so that, in this instance, the temptation of doing a wrong, to which he appears to have succumbed, has no meaning for me. Before I turn round and covet my neighbours' goods, he must wait till the prospects ot both mines are completely reversed, that he then m.iy see what line of action I propose to take. I know exactly how deep the Trenton shaft is now, and how deep it has to go till stopped by water. Let him quote Mr. Bayldon, that we may be sure he does not mean to throw dust into people's eyes. Let me also enlighten him as to the position of the shaft, the selection of which has turned out a complete mistake. To stick it up in a corner for a piece of ground like the Trenton, containing 22 (odd) acres, not two chains from the Cambria boundary—ls(odd)acres—means, of course, that the baleful interest of the Cambria in its " Prince Imperial spur," as the manager liked to call it, was the leading feature in its selection. All else was secondary. The columns of the Herald are there to show that people at the Thames said from the beginning that the shaft was wrongly placed, and experience since has proved them to be wright. At 330 feet level the whole "spur" is unmitigated blue stone. The Trenton shaft down to over 450 feet all but ditto, ditto, and is likely to remain so to the farthest dopth, so that the illusion of picking up some supposed Prince Imperial lodes has proved very expensive. What the Trenton people have got. to do is to leave the uncongenial neighbourhood of the Cambria boundary as soon as possible and turn their faces towards the Saxon boundary. That those of my fellow shareholders who have the casting vote are fools, I refuse to believe. The rock-drill and battery of the Cambria will be glad to earn something by-and-by on wages, and all those who want to share in the brilliant prospects of the Trenton mine can buy in in the usual way, but I certainly object to see it killed for the benefit of " jobbers. —I am, &c., November 10, 188 S. A Shareholder. TO THE EDITOR. Sir, —I trust the shareholders of the Trenton Gold Mining Company will not consent to the proposed amalgamation, and will not give any proxies uutil the matter has been fully discussed. lam a shareholder in the Trenton, and I decidedly object to an amalgamation with an old worn-out company simply because it has a rock drill, and I object still more strongly to an amalgamation which gives Cambria shareholders such a decided majority of shares in the new company. On what grounds the proportion of shares which each company is to receive in the new company has been settled, it would be inte resting to know. Why did not the directors of the Trenton Company call a meeting of the shareholders and consult them before recommending such an unfair amalgamation. It is not too late for them to do so now, and I would give them a timely note of warning that if such a meeting is not called, and if they do not act strictly within the law, they will be made liable by— A Trenton Shareholder.