THE SILVER BOOM IN ADELAIDE

Ashburton Guardian, Volume VII, Issue 1793, 19 March 1888, Page 3

THE SILVER BOOM IN ADELAIDE

MrJ.-G. VYaid, M.H.R, who baa just returned from a trip to AuetrJia contributes the following to the JDunodin 'Evening Star": — "During my visit to Adelaide the effects of the diver discovery were very not/c3ible. Depression, co far as the city is concerned, hue disappeared—nover again, it ia fondly hoped, to show its forbidding presence. Bustle aud excitement prevail every where. One very gratifying ftatura of tlie position deserves special mention : Duriug the recent bad time? many business men and o.hers had to go to the wall, the victims of circutnstnnceHv Then it was a case of the ebbing tide ; but of late a few of them have made their ' pile 3 ' m silver speculations', and it ia no uncommon tiling to hear of peoplo who ' went through the court ' calling their whilom creditors together ai;d paying the orthodox 20s ia the £ The 'boom' has brought about all sorts of striking illustrations of the vicissitudes of life, proviDg that truth is stranger than fiction. For instance, whea passing along the street one day , a friend called my attention to a couple driving along m a phaeton. ' There,' he said, 'go two of the lucky ones. A few weeks ago he was cook and she housemaid m one of our hotels, but they happened to hold some mining share?, and the other day they bought a residence m the suburbs for £1500.' Duriog the week of my stay I was told that £100,000 would be distributed m dividends to people who were poor yesterday, but are to-d&y rolling ia' wealth. New Zealanders may be interested to learn that an old resident of Southland, Mr P, X, M'Cauglian, exM.H.R , has, m mining parlance, • struck it rich ' both m silver and land, and is, aa might be expected, more than his oid self again, full of 'go,' and as jolly aa the day is long,"