The Evening Star. MONDAY, APRIL 24, 1871.

Auckland Star, Volume II, Issue 401, 24 April 1871, Page 2

The Evening Star. MONDAY, APRIL 24, 1871.

THE EUREKA SWINDLE. It will soon become dangerous to publish anything about the Thames, and the scrip ring seem inclined to try a " reign of terror." A few days since, we were threatened with clivers serious consequences, because we gave a true statement regarding the rigging of the market in " Cures." Now the fraternity have fallen foul of an honest broker who dared to speak the truth respecting Eurekas. Eor a long time the scrip of the Eurekas have been selling steadily at 2s. 6d. In consequence of indications in the Kuranui, there was a slight advance on Saturday evening and some inquiry for Eurekas. The advance of a shilling or so was legitimate, but the rigging machinery was set to work, and early this morning there was a rush for Eurekas, which sold freely at ton shillings. At half past ten, this forenoon, the rosy little game was brought to an end by the appearance on the window of Mr. .1. Tonson Grarlick of a telegram, " Eureka all a swindle, speculation on strength of what Kuranui doing." Mr/ G-arlick had just received the foregoing from his agent on whose judgment he relies, and thought it his duty to save the unwary from the snare laid for them. Forthwith there was a gathering of the ring, and fearful was the gnashing of teeth against the broker who had dared to brave the wroth of the bulls and bears. Threats of pulling down, his house, kicking hira, and other equally fearful means of expressing disappointment, and deterring others were freely used. We immediately telegraphed to our agents, and found as will be seen from our telegrams that Mr. G-arlick's statement was perfectly correct, and the rise in the price of " Eurekas " has been nothing more or less than an unmitigated swindle. Those who have had a part in this affair deserve being pilloried, and Mr. G-arlick deserves the thanks of all those who respect commercial morality, and the character of the city. We

would recommend that if these little swindling transactions are tried again, no further effort should be made to burke exposure. We have been threatened, and we defy the ring ■ and what is more, the next trail sac-lion of the kind which we are able to discover, we shall publish names.