A Model Mining Company.

Thames Star, Volume XIX, Issue 5823, 28 September 1887, Page 3

A Model Mining Company.

The London " Mining Journal" contains the following report, signed "Dunn Brown":— . - (THE DIDDLTTM MINING COMPANY, LIMITED. The annual meeting of this company took place yesterday, MrMcSquirt in the The Chairman said he had much pleasure in meeting them all again. The accounts would be laid before tbem, and they would see there was still a cash balance in hand, which he hopad to further reduce by voting a small increase to the salaries of tbe'r directors. (Feeble cheers). He had little t j add to the very full reports that appeared every few months in the papers, but he might refer to a report—a ridiculous report, he might say—to the effect (hat toothache had broken out among the miners. (Sensation). He lost no time-in communicating, with the manager, who immediately caoled •c stopped," which, whether;it referred to the teeth, the toothache, ©r the mine, was eminently satisfactory. (Chjgw)-; They would be glad to betr thaPfbafts and capital were being Bunk together, and that the ventilation* which was a system of their own, gave the men a complete cbang* of air every few weeks. (Loud cheers.; He would be pleased to answer any questions that were not too embarrassing. A Shareholders Is it true that some traces of gold have been fcund ?~The Chairman (severely): lam glad the question has been raised. .No, sir, it is not tiue, and I can only suppose that such a report has been circulated with the idea of injuring the company in the eyes of the public. '„/.'. . ti Mr Seagull: la the mine still protnwine?—The Chairman (warmly): Neter more so. (Shareholders were seen to congratulate each other ) Certainly: as much 80^.as on the date of 4beir first meeting 26 years ago. Mr Nagg: I should like to hear some reference to " winzes," " levels," " ttopes/] •« the crosscut," " driven,". " mineral, "pyrites," and " cleaning up." These matters are purest Greek to me, and possibly to the meeting, but we all like to feel that our property is still producing them. (Hear, hear.) Chairman : If Mr Nagg will allow me to Ea y so, these are all alluded to in the printed report. - Mr Smelarat: lam glad to hear the Chairma'n Bay so, and I must thank Mr Na«"» for calling attention to it. Some companies tried to be popular with the public by pretending to giro an estimate of profits over working expenses—fchame) •-and some even went so far as to declare a smail dividend. (Cries of " Name.") In these days of action for libel he would refrain from mentioning names. (Hear, 6Mr Algush: I think I express the tense, of the meeting in moving a vote of thanks to our worthy and respected Chahman. (Cheers). Perhaps some few will share with me ft slight feeing of disappointment that no " call' has been made or is thought necessary, but m the words of one of our grrat atatesmen, rest assured "The time will come!" (Applause.) When they compared the harmony of their meetinas with the excited and sultry debates that took place at other meetings, they would agree with him that they had much to be tbanktul for. Of course they, as a company, had had to pass through similar experiences, and many of them would doubtless remember those early years when the stone was said to have " dabs of gold," when the judgment sat warped and cross eyed before the splendid achievements of some - new " rock drill,"* and strong minds totterad as they declared imaginary dividends from " tailings." - (Loud cheers). But, gentlemen, those days are gone, and we can afford a smile. (Some intertuption was caused by someone who was understood to say that that was about all they could afford). Asi I was saying, t«ntlemen, we tan afford to smile. (Great interruption, aDd the Chairman ■aid that as there seemed to be considerable difference of opinion, perhaps Mr Alcush would not insist on that point). Mr Algush : Very well, sir, I call upon iomeone to second the motion. This was done, and the meeting, like the capital, gradually dissolved.