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Auckland Star, Volume II, Issue 480, 25 July 1871, Page 2

With all the persuasion that we could employ, we endeavoured to stay the foolish and groundless panic respecting the Caledonian claim. While our little contemporai-y the News was endeavouring to increase the terror that seemed to have inspired the small holders of shares in this claim, of the Thames Gold Mining Company, we tried to save them from ruin. Only the small holders were likely to suffer, and our contemporary, while exercising his impotent s^iifce against one or two large holders, in hia foolishness, thinking he could injure them, continues playing into the hands of the wealthy, for the direct and immediate loss of poor investors. Now that the groundless panic has passed away, the wisdom of our counsel can be seen. Our contemporary, who, we have no doubt, has aided in causing the ruin of many in the share market, continues to the last to try to depreciate the Caledonian ; and even this morning, in the Thames telegraphic, asserts, with the usual dogmatism, " No truth in the rumours. Humours of shots having been put in at the Caledonian last night, bringing down rich stuff, and other such talk, has excited the share market, and shares are now firm at £150. There is no truth whatever in the reports."

We ask our readers to compare these statements deliberately made this morning, and the conduct of the Hews with reference to the share market in the past, with the actual state of things. We question if there has been anything hitherto known in journalism in tho province so utterly and persistently malicious and untruthful.

A call of 2s 6d per share has been made in the John O'Groat's Gold Mining Company.