NASEBY,

Dunstan Times, Issue 682, 14 May 1875, Page 3

NASEBY,

—o—(Fßoj[ CUR OWN CORRESPONDENT. May 10. A matter of great importance to the future prosperity of this immediate district is to be brought up for discussion before a public meeting to morrow night. The meeting is called to endeavor to float a company to test the payability of the deep leads known to exist near Naseby. At present tne ground is only worked to the Maori or false bottom. Some years ago, about a mile up the gully, on the banks of which our township is built, the real'ibottom was struck, and on it rough nuggetty 'gold was found in payable quantities. This bottom was soon lost, it dipping suddenly. Since then it has never been recovered, no private individual or company being enterprising enough to attempt, it. Mr Ulrich, when inspecting the locality, gave a very decided opinion that deep leads existed.. With all these favorable circumstances you will no doubt wonder that some action in the matter has not been taken before. However, “ better late than never.” It is at present proposed to start a Company with a capital of Ixsooo, in 5000 shares of LI each. The object of so many shares at so small a figure is to enable all to participate in the benefits fondly anticipated to be derived, and not make it the property of a few capitalists. High hopes are entertained of the success of the project. It is suggested by some to apply to the Government for nstance in the shape of a subsidy, but the opinion of the Government in the matter of prospecting, as evinced in the conditions elicited by the Arrowtown Corporation are so absurd that a great many despair of any benefit resulting. From the number of Petitions which have been despatched from Naseby of late in view of this dresent meeting of the Coun oil, a stranger would think that we were well aware of the essential part of procuring Government attention—viz., incessant nag° ging, petitions, re the Public Works slow progress of construction, Manuherikia foot bridge, and gold duty repayment have been piled on one after another, not without cause certainly. The Government have been pretty liberal with us of late ; bridges land without end, with promises of any amount more, if we will only utilise what we have. Besides this we have been assured of the proper construction of a bridge at the main entrance of the town, which has been always washed away at every flood. The Company who have hitherto built the bridge are to contribute LSO, and it is to cost L3OO. This is a justice to the district which has long been withheld. The roads at present from here to Waihemo are in a frightful state. No metal is laid down, except in a very few places, and the natural softness of the soil, combined with the rain and damp season, has converted them into little short of quagmires. The weather is still keeping open, though the winds are sharp. I am very glad to be able to inform you that the man who was so dangerously hurt a fortnight since—the miner Woodhill; he is doing very well, and will probably recover, though he will be a long time unable to work.

So with the hope of once more seeing Naseby the most prosperous and best gold producing town of Otago, I close my present letter.