NOTHING SUCCEEDS LIKE SUCCESS.

Observer, Volume 5, Issue 114, 18 November 1882, Page 148

NOTHING SUCCEEDS LIKE SUCCESS.

The Success, of Coromandel, seems to be a wonderfully constituted mine. Its career has been one xminterrupted series of alternations between prosperity and impecuniosity, and it is a remarkable fact too that as soon as the stock has fallen to zero in the barometer of 'Change, its manager falls across a rich patch, of gold -which, sends the shares up again to their highest quotable level. Some incredulous people interpret this ever-recurring phenomenon in a way which takes it out of the realm of wonderful and reduces it to a question of pounds, shillings and pence. It is known that the shareholders who hold tenaciously on to their interests in the hope of getting a dividend or a price commensurate with the prospects of the mine, never benefit a penny by its periodical finds, but it is equally well understood that there are another class who find the Success a veritable Gkdeonda, by reason, of the extraordinary fluctuations of its stock. They buy in largely when the prices are low, and then by-and-bye Peter Eeid makes one of his glorious *' finds," the public are astonished at the richness of the golden deposits, shares rise and the shrewd speculators sell out only to buy in again when the excitement is over. It is said that a bright and sliining light amongst the Wesleyans has amassed £800 in this way.