VICTORIA.

Grey River Argus, Volume XI, Issue 1001, 11 October 1871, Page 2

VICTORIA.

[LEADER, SEPTEMBER 30.] Gold has been struck in the bore of the U. T. Flat Company's ground, Alexandra. Prospects are excellent in each' augur. One hundred and fifty feet deep. There is great excitement. The Sandhurst dividend list this week tops any that have appeared, being L 16,04 4145. Of this (stales the Advertiser) the Garden Gully line contributes L 12,250, so that it still keeps its prestige as the dividend line of Bendigo. The North Garden Gully Company declared no less than LBOOO of a dividend. The cake | of this company weighing 23010z, valued at LBSBO, drew a large crowd around the window of the Union Bank on Saturday. It is the largest cake ever seen pnßendigo. As long as there are such cakes, and such dividend lists, we need have little fear of the permanent prosperity of .the " Sdmeofee^eople^aTfeaKui^t seW - disposed to get possession of^Ee"t*Berre vi et armis. The case of the Police v. H; Lewis, for a breach of the peace, in pegging out a portion of the reserve, came before Mr Cogdon., P.M., on Saturday, \nd resulted in defendant being bound over to keep the peace for three months. The Police Magistrate (states the Advertiser) very properly remarked that it was no way to settle the question as to who had the right to the land by mere force of arms, and that the law would be the better means of deciding the question. Lewis, as well as others, will be brought before the Bench for a trespass in the course of a few days, when the best available legal talent in Sandhurst, as well as Melbourne, is to be employed. Several of the Pall Mall "in-" fluentials," so it is said, subsidised Lewis' witjx "the sinews of war" wherewith to fight the City Council. As a set-off to the favorable account* which have from time to time been brought from the Stockyard Creek diggings, we make the following extracts from the letter of a correspondent, who appears to be in a position to know what he is writing about :— " I am an old resident, within 40 miles of Cornet Inlet, and well acquainted.with most of the residents on the creek, and capable of knowing the facts, and would caution the miner from coming to this place, before Ghristmas, as the ground is saturated with the rain, which is still continuing, and will hinder him from prospecting until December. Let me farther add that the weather is generally very bad in the neighborhood of Corner Inlet, there being only two or three months sufficiently fine in the year to prospect, and the small area of ground does not employ over 100 men. They go from here at present very fast; our population has dwindled down to 300, and most of these preparing to go. I pity those families located here; the poor women and children 'cannot stir from the door of their huts for mud ; some of them h«we been here for months, and their husbands' not earned one penny. I can assure you that amongst . our small population we have a good deal of real poverty, especially since the business people have closed their books. Insolvency seems to be the order of the day ; already the places are closing, and buildings offered for sale at half the cost of erection. Some of the storekeepers have lost heavy sums by giving credit to so many who have departed suddenly for Gulgong. In conclusion, I wish to state I believe that this place will support a small amount ~ of persons for some years, as a large ex- - tent of cement hills, exists in the neighborhood, with poor patches of gold in them."