THE CALEDONIAN GOLDMINING COMPANY.

Thames Star, Volume VI, Issue 1798, 7 October 1874, Page 2

THE CALEDONIAN GOLDMINING COMPANY.

(To the Directors of the Caledonian GkM.Co..

per favor of the Evening Star.)

Gektlemex,—Seeing in the Thkmei Adveir'.iser of the 6th instant that a meeting would be called to reform the Caledonian Company on the 11th of November, which meeting I shall very likely not be able to attend, I beg cto state that, being one of the oldest shareholders i» the company, I am in a position to give information which, to the best- of my belief, will, if acted upon, most likely lead to good payable gold, and perhaps a rich patch of country being opened in the company's ground. The gold-bearing stone found by me in the Young American, was nearly as rich as that found in the Caledonian, only not so large a body of stone. It was a blue stone, impregnated with mundic, with a bar of goldrunning through the stone over one inch in thicknes«, also heavy metals of different kinds. This is the portion of the mine that I refer to, which, I think, the directors have failed in their duty innothaving prospected or worked since the last men knocked off after the amalgamation. This Young American^reef varies from six inches to six feet in thickness, of which, I say, the i Caledonian Company ought to be proud i to-day; but it seems to me that they don't ' want to work this portion of the mine-or, hew is it that it has been left unworked so long ? They know, there is gold there as well as I do, but since the amalgamation of the Young American and Cale-. doniari there has not been even a stone turned oVer in that part of the mine, whereas they have spent thousands elsewhere. This reef I speak about has been very fairly tested, and. has averaged over one ounce to the ton for several hundred tons, and has been always looked upon as a payable reef. Long before the Caledonian put their machinery upon the ground the Young American had a great deal of water to contend with, and it kept one man constantly bailing water. There was no machinery then j but now there is too much, and the mine that pumps the most is considered the best mine now-a-days. You directors are not half smart in not seeing into things a little better. If the Caledonian men were to start to work in the Young American ground I would give all the information that lies in my power as to where we got rich stone first. Being the only original shareholder of the Young ; j American in the province, my belief ii : that the ground is. worth a trial, and it will, I guarantee, always pay expenses, and very likely lead to something better. If no notice is taken of this, I shall fancy that perhaps the directors would sooner l«t thafe portion on tribute. If so," let it as soon as possible, and let somebody reap a benefit, and not be like a dog in the mangex any longer. The town talk is that if Mr. Row© was back he would makt the old mine look up again.—l am,

Joseph C. Wiilums.