The Evening Star. THURSDAY, MAY 25, 1871.

Auckland Star, Volume II, Issue 428, 25 May 1871, Page 2

The Evening Star. THURSDAY, MAY 25, 1871.

Although it must be admitted that there is a good deal of unhealthiness in the preaent.feverish excitement in the scrip market, there is one feature f th? Present position of the gold inll I t^ c Province to which we cannot close our eyes. The simultaneous discovery of unusually heavy deposits of gold at points so distant trbm one another, lias more of

substantial grounds of promise than anything else that the present jjoid returns 'can show. The Caledonian may be the richest mine in the world, but very large deposits, and of a very local character, are far from being unusual, and have not necessarily in themselves the certainty of continuance, nor yet of the extension of discovery in the district. The more vigorous working of adjoining claims and the consequent increase of returns, and, less still, the fictitious inflation of the value of shares in such neighbouring claims, do not in themselves indicate any very sound improvement in our gold interests. But when we hear of extraordinary finds at points so remote from the great centre of attraction, as is the Alburnia from the Caledonian, we have tangible grounds for believing that the deposits of gold yet buried in the hills at the Thames are of the most extensive kind. It is indeed singular that all this state of things should have come about simultaneously, and that patient, weary waiting, should have been so magnificeutly rewarded. The province has had a long night of trial. iVe may hope that its lessons will not have been given in vain, and that the wealth which is now so abundantly given will be utilised to the permanent settlement and advance of the province.