BENDIGO DEEP-LEVEL MINING COMPANY.

Otago Witness, Issue 1205, 2 January 1875, Page 7

BENDIGO DEEP-LEVEL MINING COMPANY.

TO TUB KDlffiOß.

SW — A. goodj deal hfis beeu both said and Ayrittcu 1 lptply i«, reference to the Bendigo Dceprleveli Alinivg Company, and. the qonduct 0$ thR Cuomwcßiruis i,n connection thprewith ;, ajid, statements have been in;ule bo, utterly hubbub,. au<i so calculated to irreparably i^jjme.tlw mining interest, that 1 feel it injrdv.fcxtjo.setj the public mind right on tho subject. Oup sWie oj a question may look very well, or ill, as ihe case may be ; and as this one. like the fabled .shield, has two, I purpose showing the reverse of that which has already been presonted to the public, and, by a truthful statement of plain facts, endeavour to prove that the Bendigo Deep-level Mining Company was, and is. unlike many minimr ventures, one in which the public may placo implicit confidence, and that there was nothing in tho conduct of the Cromwell shareholders to call for tho ungrateful epithets which" have been bestowed on them. One mis-statement as to the eapitn,\ oj Company will bear a little correction, tho, said; capita} being £10,000 in 40,000 scrftx # i? ejujHi in p)acc of £4000 in £1, scrips; no that t,be '.'.trifling contingency" calcuWted to friuMeii the ' ".wcaljtny Cromwell 'capitalists." of hu^ing to stump \jp.hn additional li)* lid to their first' deposit of oho penny, is not at all likely to happqn, \Vith, regard to tho Kale of (Jooo, shares tq> (Hjncdin men, haid to have* Deen r^pudi^tod by, tlijj Company, there to no one to ' blamo ii), tije niaU ter 'but. one so-called u Duf)f;djn qorrcspondent,"ai)d ii, certahj, jjont,lcnjan, w.hp, ajjajl be namel(fPj*v all( J; w.bo, Hfyp anolhpr, gent|lcman, — not gent}' r^Jly n»Mj»d to, eiiip pplite — hiw a great capacity for ittis<;)j}ef: J?.efore niy follow jjromoter and J) fciidi thy PfiOftpocfiu/i »( Me Company before th# Csoawell pifblfc I laid Jt before Mqtfsrs. J^li and Goodyer. They offered to. t»lso 3§oo> shares- between them, ff I

for town that day, and promised to feel the Dunedin pulse in the matter. He left me his address in town, toiling me to drop him a lino if matters progressed. I went down to Cromwell, and at a, meeting hold on the 4th November the Company was launched, uud more than the required I t.OOO scrip were at once applied for; 34.000, as per list of names handed in by me, wore allotted. Andnowcomcsthetsccictof the "repudiation." I stated to the meeting tho conversation between Mr Logan and myself, mid said it would only be courtesy to ascertain if he had promised any shares in Dunedin, and if so that tins 6000 be reserved to meet such promise. It was resolved that 1 should telegraph to him next morning, stating the fact 6f 34,000 having been taken Up, and :uk if he has promised any, and how many ; and that tho 6000 shares would be held until night, pending liw answor. That answer never came, and tho shares were allotted to the waiting applicants here next morning. At a general meeting held on the 17th, we discovered that Mr Logan had telegraphed, In answer to the beforo-montioncd "namelcs" gentleman, the fact of his having promised 0000 shares in Dunedin ; but for some inscrutable reason, although the telegram was dated November sth, it was " kept dark " until the 17th. Here, then, arc the reasons why our Duucdin frionds were left out in the cold ; and it seems t» me to be a monstrous piece of injustice, that a company formed for an honest and useful purpose should be blackballed, and a rc«pccta.ble community called "iliity," and even wor>e, because a correspondent (?) proves careless, and a shareholder, through petty jealously, or something worse, withholds the information which would havo prevented all misapprehension and distrust.

It has further been stated of the " Bendigo Deep Lead people " that, " bj retaining all the shares in their own hands, it wa.s hoped, expected, and believed, that a doinand for scrip would inise," tec. Now, as far as my poor judgment goes, I conscientiously believe that every applicant for shares fully believed in the Ompanv sw one likely to return good interest for so small an outlay, and intend* to stick to those he wa-s lucky enough to secure ; at least I hear of no sellers, although high prices are offered.

The partial absence of Dunedin muiies from the share list of the Company is not likely, as sonic scum to imavrine, to prevent the primary objects for the prosecution of which the Company was originally projected bein? carried out. The work haß already been commenced, and is prngrciMng as fiwt as the rujr^cd nature of the country will permit, and that hiiccexs will be achieved is confidently expected and fervently hoped for by the entire district, and the Bendiyo ramies, despite the lugubrious propho^ic*, are not likely to remain unproipooted for another— and prolubly a very long-term of yiiars. •w OXK OF TUB PROMOTEKS. Bendigo, 12th December.