VICTORIA.

Grey River Argus, Volume XII, Issue 1197, 30 May 1872, Page 2

VICTORIA.

[leader, may 18. J The Mammoth Company, Bright, have struck 20oz stone on the lower level, 2ft wide. The manager has sent specimens to Melbourne. This is the best show seen ■ in the district. The Walhalla Company has .obtained, 8i4055. gold from 607 tons ; this includes 40oz. from 13| tons pyrites. A dividend (the sixty-second) of 30a has been, paid, and over L7OO set apart for hew battery and machinery from current accpnnt. Mr Lazarus, the original proprietor of the Lazarus Company, certainly deserves the appellation of being a lucky man, as he had for his last fortnight's dividend out of the Lazarus New Chum Company, L 3982 2s 6d— something like a dividend. He holds over 21,000 shares in. the company cum No I, and was offered last week by a party of speculators LIOO,OOO for his whole interest in the mine, which he refused to take. Squaring matters seems to be the order of the day. Immediately after the prosecution against Messrs Barnard, Read, and Egerton, on the charge of conspiring to defraud in the sale of Golden Sovereign Tribute Company's shares, it was rumored that similar charges would be preferred against some persons in connection with the sale of the Lazarus Mining Company's 3tock. The charges will not come on for hearing- ai a police court. The gentlemen who figure in the transaction have paid L 750 to .those who deemed themselves injured, rather than appear on the floor of a police court on a charge of conspiracy to defraud. In defence of this mode of action, it is urged j that there is a decision of Lord Camp-. | bell's, given in 1844, which justifies the settlement of the case in this way, as the interests of the public, it is pleaded, are in no way concerned. The public is likely to regard the whole affair in a different light, and the difference, if any, bei ween the squaring of this case and the squaring of Ledger's will not be perceived. ANOTHER MWSTER BERLIN NUGGET. Another very large nugget was brought in from Christmas Mat, Berlin, on Wednesday last, and was sold at the {Bank of Victoria, Ingle wood, on that day* The lucky finders, Messrs Murphy and Scott,' have been working the ground for about five weeks, and on Tuesday their labors were rewarded by the finding of a lOoz piece, followed on Wednesday morning by the unearthing of a magnificent lump, weighing in its rough state 5120z. Upon being smelted the total weight of both pieces was ascertained to 4770z, being worth, about L 1953. This find was made at about nine feet from the surface, arid is the largest nugget that has been obtained at Christmas Flat. - Our Berlin correspondent writing yesterday says : — "The rush that took place during tlie latter end of last week' to Christmas Flat, on what :is considered old ground, is progressing slowly, water being a formidable obstacle 'against ascertaining whether ihere is an outside run or hot, there being a very high reef between the old workings, and where gold is being got at the present time. The prospectors last week obtained 26dwt for their week's work, and two or three claims have got prospects of ldwt to the dish. On the shallow part of the Hard Hills there are a good many parties getting payable gold. John's and Catto's paddocks are rather, dull at present."— lnglewoocl Advertiser, 10th May. MINING IMMORALITY. We preferred a serious charge against the mining manager of the Brandenburg Quartz Mining Company some days back, the gravamen of which was that he (Mr Minors), after striking stone of good appearance, induced a shareholder (Mr Troup), to sell his 500 '■ shares at 4£d per share, by speaking of the prospects "of the mine in a gloomy and desponding manner. The directors .of the company invested the case yesterday at Toomey's Hotel, and after hearing the statements of three witnesses decided that the charges were substantially proved. But, for the, present, they (the directors), withhold their decision as to how they will deal with Mr Minors. Another pretty mining swindle came to light in the Warden's Court,' idth May, and serves to give one a favorable impression of the state of mining morality. The legal manager of the Melbourne and Lauriston Company stated that at the last meeting of directors of that company he informed the directors that LBO was due by the company to men for wages, Two or three of the directors present, who had not paid their thirteenth call, promised to give cheques for the amount due, which would about meet the incoming liabilities. With this the manager professed to be satisfied, and the meeting proceeded. The directors then resolved that all shares on which, the twelfth and thirteenth calls were not paid, should be forfeited, after fourteen days' notice, if the said calls were not paid up before that date.- When the happy directors were about to part company, Mr Kingk reminded them that they had not filled in the promised cheques, without which he would be in a predicament. The directors, funny fellows, asked the manager. in a bantering style if he djd not wish they might get it. They did not pay the calls, and the unfoirt tunate mining manager became liable for the amount due. As may well be imagined, he has been badgered and harassed for the money, but the directors, having prepared the way, forfeited their shares, having first arranged themselves that they might do so with' impunity. — Kyneton Observer, 11th May.