NOTES FROM WAKATIPU.

Otago Daily Times, Issue 10625, 21 March 1896, Page 4

NOTES FROM WAKATIPU.

(From Our Own Correspondent.)

Arrowtown, Marr/i u._There is every indication of the revival of n dredging, boom upon the Kawarau. The excitttuKtie, besides extending up the.Nevis River, has covered and adorned with pegs the Ka\\arau >s far as Gibtraton—that is, from Cromwelrupwartis. The catise is no doubt the success of the Bahribckburn dredge, which according to rumonr is credited with having obUined ]50uz of gold the other week, and it is known that less than lOoz covets expense.. This of course is enough to cause a boom if substantiated. Perhaps it is too soon to unfurl a word of advice; but even if spoksn to the wind it can be repeated farther on before it is. too, late. The recent boom and collapse will still be fresh in the minds of many, and also some of. the causes of both.' A.more grossly mismanaged affair is notkuown in the history of mining anywhere. Ignorance of every mining notion seemed to have been the highest qualifications in those who were tlie actual conductors arid originators of the boom, to say nothing of the hungry and unprincipled sharks who tried to fatten on the innocents who believed in the. ravings of iur.rmi potent experts (?) whose assurance kr^v no, bounds. Is all this to be repeated and end in the same way? To a certain extent it will not be poßsiMe to do without the vendor and syndicutdrj and their tricks will not be a whit less audacious, though, they may have become more accomplished and polished than they were of yore. Let tbe investor Study the history of the past dredging: boom, and it will prepare him for the coining one. There is ho other help for him. ~

, News frorn the Achilles cootinue3 good, and ail the. works in the mine are being pushed ahead with.vi»our.

At fllacetbwn Reid aiid U'D'owell's party at the Red Hill are on good; ground, . with a promise of continuing for some time to co>;ie. Quite a rush has set io to Talisman, beach, alias Tucker beach; Lower Shotover, where the Sew Hoy Big Beach Company hiive been doing very well for some time p:ist. The beach was worked by the Talisman Company some four years ago, and. thßy ri id a considerable amount of prospecting withorit getting on to the gold. Four, special claims of 100 acres- each have been "applied for, which will give a, very welcome incentive to dredging. , j. ~~,