THE DUTIES OF MINING MANAGERS.

Grey River Argus, Volume XIII, Issue 1575, 22 August 1873, Page 3

THE DUTIES OF MINING MANAGERS.

A curious story comes from Sandhurst as to the duties sometimes expected from mining managers. A company was sinking to find the reef, and expected every day to strike it. When the reef was struck, the value of shares would rise at once. The directors thought it was quite fair to get a little advantage out of their positions by trying to secure early and exclusive knowledge of the strike, so that they might have an opportunity of turning this to the best account. So they ordered the mining manager, directly the reef was touched, to call them together, under pretence of summoning a meeting <( to consider a leak in the boiler. " The reef was struck, and the mining manager went about from house to house of the directors to acquaint them of the fact. He was unable, unhappily, to go to all at once, and on coming to one of the houses last visited, the director sadly told him that "it was too late. He had sold 300 shares within the last half hour." The high spirit of . the director could not brook being "picked up" in this way, and the more he meditated . ever his wrongs, the more determined he became that the manager should be punished. So a meeting was called, at which it was determined to get rid of him, and the first intimation the mining ma- : ager tad of the matter was receiving, while at his work, a summary notice of dismissal, j While such "hanky-panky" tricks as these go on, it is not to be wondered at that mining speculation is looked ajt very shyly by the public. The wonder is rather that any confidence is left except abongst those who have a chance of getting early and exclusive information of what is doing. -