The Dunstan Times. FRIDAY, OCTOBER 2, 1868.

Dunstan Times, Issue 336, 2 October 1868, Page 2

The Dunstan Times.

FRIDAY, OCTOBER 2, 1868.

Bcneaththeßulcof Men entirely just tlie pen is mightier than hesivoiiD.

The continued low level of the Molyneux has still further demonstrated the fact that the bed of the river contains gold in almost fabulous quantities. The dredging machines continue to be more and more successful. The last fortnight’s earnings of the Alabama Company amounted to 1,000?., while the yield of gold obtained by the Clyde Company during the same time has enabled them to pay a dividend to shareholders of rather more than 50?. per week, and, from what we can learn, the other dredging companies have been equally successful. The terraced banks of the Molyneux, where the main bottom has been reached, have proved to be rich in the precious metal. At Frenchman’s Beach, Alexandra, a yield of forty or fifty ounces for twelve hours’ work is of daily occurrence. Claims further down the river, at Butcher’s Point, are likewise giving extraordinarily largo returns, and wherever we see energy and skill, combined with proper management and appliances for river workings, the modern Factolus freely bestows its rich rewards. That a considerable amount of attention deserves to be devoted to the working of our river beds is plainly

apparent, and, whether it be by an increased number of dredging machines, or the cutting of capacious waterraces from permanent sources of supply, such as the head waters of the Lindis and Manuherikia rivers, it is of little consequence. Recent results have proved that both will be equally successful as a profitable field for the union of labor and capital. The mineral resources of the Bunstan district are only now beginning to be developed. Large as the weekly yield of gold has been, it is as nothing compared to what it must ultimately become, and now that attention is rapidly being drawn to the lucrative field which we have to offer for enterprise ; there will soon be brought about a period of prosperity hitherto unknown.