QUEEN OF THE MAY.

Thames Star, Volume VII, Issue 1994, 26 May 1875, Page 2

QUEEN OF THE MAY.

QUERN -: Anew lode branching off from the main reef has been discovered. It is one foot wide, and so far as ifc has been driven on has shown gold. The manager purposes giving the leader a fair trial, and from present appearances prospecting will meet; with ample reward. r The directors of this company are adopting a system of great wisdom, in opening up.the mine thoroughly, by steady working and careful utilization of funds, instead of adopting a course, too frequently witnessed in goldminin^ companies, by which a mine is given an epLeaieral existence, of- prosperity, \and' thenVleffc in a ■ condition of miserable bankruptcy. This latter condition of affairs is attributable to a principle which takes no thought for the future, but which exhausts all resources by,putting a. high, value enshares and paying a dividend on the discovery of a mere patch ; in a case of which sort tho company often goes up like a roclefc, and comes down like a stick. It is the natural sequence of improvidence. To return W the mine, there is nothing of fresh importance to report. Mr, Goidsworthy is still driving and stbping on the main reef, which maintains its original quality and size. It is also being worked on the upper level, and the output of stuff, I am glad to say, is more than adequate to keep the Herald's 20 bead of stampers in constant employment. There is a slight improvement in the appearance of the plates, but this statement must not be taken as any criterion, inasmuch as it is a notorious fact that the stone varies much in. quality.