PROSPECTUS SALTING. TO THE EDITOR.

Otago Witness, Issue 2456, 10 April 1901, Page 21

PROSPECTUS SALTING. TO THE EDITOR.

Sir, — I was very much pleased with _ "Judge Lvnch's" letter 111 your i = sue of the 13th nst. He has hit the right nail on the head. No doubt he has been had (m colo.ii.il phraseology), but that is neither here nor there The cieam of the letter is in trjmg to put down those fraudulent company-floaters, who arc doing moie harm than good. On this West Coast I have myself seen prospectiibes published to allure the public to take up shares. Fabulous returns are stated to have been goi in tho early days, when eveiy old resident knows that the whole affair is untrue, and it makes them laugh when they read of these splendid returns which weie never obtained. Gentlemen experts travel around with two or three small phials of gold in one, lOgr 111 another, and so on — prospects out of so much dirt, etc., when there is no proof where or how the gold was obtained. It might have been got in the same manner as the Lawsons obtained theirs. Ihere is not one pin of difference between real salting and tho company-floaters who issue bogus prospectuses. The fraud is there in both cases. It would bo a relief to the general public if some of this tribe were bowled out, and sent to keep company with the Lawsons for a couple of yeaxs. — I am, etc., JUNIUS. Greymouth, March 3C.