THE BIRD IN HAND.

Thames Star, Volume IIII, Issue 1763, 27 August 1874, Page 2

THE BIRD IN HAND.

There seems to have been a great deal of noise but very little wool in the directors' meeting last night at the Governor Bowen Hotel. It is certainly a pity that business men do not manage business matters better. It was no detriment to the value of the mine itself to own on the balance sheet that it is nearly £900 in debt, as of a certainty the mine manager's report has shewn that there is really nothing to fear by the shareholders, nothing to cause what has arisen in tho market—something very like a panic— attributed by commercial men to the worst of all causesj—want of confidence. There is nothing so susceptible as mining stock as to its value, and how tho management could have made such a stupid financial blunder as they did last night io most unaccountable. I visited the mine this morning, and from the information the manager gave me, he can report nothing wrong more than that there has been a blind patch gone through (which, most unaccountably, vras persistently sent to the mill, the cost of crushing and carting running the company in debt). This patdS is towards the hill side portion, of the ground ; there is still five hunicfred feet of gold-bearing stone on the line of reefj and the opening out at the bottom level wasj commenced this morning, and a payable block it is expected to be. Your reporter's own opinion is that it was folly hot to have stated in the balance-sheet the amount of the liabilities so far as they could be ascertained, up to the very hour if possible, that the sheet: was audited ; especially as there seems some petty jealousies'io have existed, perhaps a little rivalry between the Bird in Hand and a neighbouring claim, as to who should send most stuff to the mill. So far as the mine is concerned there is nothing to knock the scrip about the way it has been to-day. The mine looks healthy, and should certainly be worth more than £5,500 as quoted, there are only 4,400 shares in the mine altogether.