The mining “ boom,” which reached its height a year or so ago, was as much the result of the public’s love of gambling as of any improvement in the methods of saving gold. People “ invested ”in shares just as they speculated on horse races, with no more knowledge of mining than they had of sport. , At first they were flattered by a rising market, everyone was pressing forward to secure a place in the short cut to wealth, and for a time the advance in prices was sufficient to cover the amount of calls. But that could not go on for ever. The inevitable “ slump ” when the last purchaser could find no gambler more infatuated than himsolf.— Lyttelton Times,
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Gisborne Times, Volume V, Issue 94, 30 April 1901, Page 4
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119Untitled Gisborne Times, Volume V, Issue 94, 30 April 1901, Page 4
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