The Evening Star. FRIDAY, MAY 26, 1871.

Auckland Star, Volume II, Issue 429, 26 May 1871, Page 2

The Evening Star.

FRIDAY, MAY 26, 1871.

We are greatly gratified to ]earn the success of tfte cidevmt " Hauraki Gold Mining Company," and now " Mutual Mining Investment Society." The first meeting of intending members was held last night, and it appears that one-half of the shares are already taken up. It is indicative of the present state of the morals in connection with gold mining that this projected institution was at once met by the remark that it was another " swindle." Such has been the effect on our moral sense, of having come in contact with gold. In the proposal of the new society there is nothing to produce the impreslaiontnat swindling should characterise it» proceedings; but on the contrary, the KMtfatution may De wovked in su^

a manner as to confer great benefit on ft multitude of people, who, From limited rneaus, are precluded from shar'.iig in. the advantages of the present" state of our gold interests. For this wealth there are abundant other opportunities for profitable investment ; and for those whose spare cosh for investment h counted by shillings instead of pounds, the new society proposes by aggregating a multitude of small weekly instalments, to give them that position in the gold market which large sums of money only cau obtain. It will be for a time the day of small things with the new Society, and its position will probably be laughed at by men avTio have well lined their pockets with Thames gold ; but if the operations of the young Society are honestly and judiciously directed, its name may yet be honoured in mining circles. Inasmuch as it tends to benefit the poorer classes of the people, we wish the utmost success to the Mutual Mining Investment Society. And we hope that by a wise selection of directors, it will at once commend itself to the confidence of the public.