BENDIGO GULLY.

Dunstan Times, Issue 427, 24 June 1870, Page 2

BENDIGO GULLY.

(from our own correspondent.) June 21st. My budget this week is a most meagrd one. Matters here have assumed an aspect dull, flat stale, and unprofitable. The alter* ations and repairs to the Cromwell Company’s mill are not yet finished, and the Aurora Company having paid off their hands, in anticipation of a stoppage from frost, have run themselves out of stone. The machine is consequently idle. As the place depends mainly on these twd auxiliaries, st present the state Of affairs can be easily imagined. The w'eitkef prophets have been greatly out of their reckoning apparently as to the arrival of winter. There is very little appearance so far, of that dread season, He seems little “Rip Van Winkle” to have slumbered for a time and wakened up in Spring, for the weather for so'mS lithe’past has partaken greatly of that character. There is nothing in it, certainly, to prevent reefing.: operations from being carried on, but people appear, as a matter of course, to believe that it is necessary to suspend work at this time of the year. They will naturally do as they think fit, but I cannot help regarding it as so much lost time.

The shareholders in the Aurora are pushing their level forward, and, laying a tramway to their mill. This will enable them when completed, to keep both the batteries well employed, as the reef now bared, at a depth of seventy five feet average five feet in width as far as it is opened and yields, as per last crushing, about thirteen pennyweights per ton throughout, with the chancS of an occasional rich patch. I think I may safely assert that the prospects of tLis company jjayidg in future is beyond a doubt. The Cromwell Company are getting out splendid stone in theit eighty fedt level, the reef evidently improving as it deepens, showing that depth has a far different meaning than the exhaustion of reef. I think from the above facts we may draw the natural inference that, the steady and permanent development of the place is selling in, and it is necessary that the history of the past, should teach us a lesson. We have had quite enough of that unnatural excitement and reckless interprise, which carried such a reaction among all classes of the community, and it must be our endeavour for the future Id guard the gradual progress of our industry with care and judgment. Bubble companies have in the case of bther reefing districts in New Zealand -wrought out an unhealthy result, and induced the expenditure of useless labor, and the reckless squandering of most useful money. Those who sow the wind in this district, will assuredly reap the whirlwind.

I am glad to state that the rumor of two men being drowned in Lake Wanaka had no foundation, in fact, the]men in question, from stress of weather, had to seek shelter in one of the numerous bays, and being missed, were supj?osed to have perished.