All the mining agents in Auckland have been to see us about the Tiki "spec" referred to in our last issue, and the opinion of the majority seems to be that there was no particular sharp practice in the affair after all. The working miners were not, as might be thought, larking about in Auckland for their own amusement. They were simply waiting till sufficient money could be raised to start the claim. Directly this was done they left for Coromandel, and their agent (Mr. Graham) informs us the party have already struck gold. As for the fact of the purchaser of a £10 share being unable to get his money back, that is quite likely. Directly a certain sum was subscribed the miners sjjent it on survey fees, licenses, &c, and Mr. Graham held nothing on their behalf. The complainant may, however, "thank his stars " that he was not able to recover the cash, for now the company has struck gold his share is worth more than £10 — at least so Mr. Graham (who is also a shareholder) thinks.
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Observer, Volume 2, Issue 35, 14 May 1881, Page 373
Word Count
180Untitled Observer, Volume 2, Issue 35, 14 May 1881, Page 373
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