CAUSE OF PRESENT DEPRESSION ON THE THAMES.

Thames Star, Volume VII, Issue 2159, 4 December 1875, Page 3

CAUSE OF PRESENT DEPRESSION ON THE THAMES.

/ (To the Editor of the Evening Star.) •

Sib,—Will you permit me through your paper to state what I and a,great many others believe' to be the cause of the present depression on this field.. ;It is well known that a few favored com-, parties., monopolise immense areas of ground which they do not ;work, and are not likely to do, but their directors being; men of influence have the power to hush up their greediness.; As an instance^the Mioanatairi Company hold from Waiotahi Creek to the Kuranui Creek—about ninety acres—and work about fire acres, the remainder, about eighty five acres, remain unwbrked and Jikely to for a great number of years. In fact, this Company will never prospect a quarter of the ground they hold. Another instance is the Alburnia^Oompany; they hold from the Sons of Freedom to Punga Flat, and from the Waiotahi Creek to Tinker's Gully, and this company have lately added to their property Dixon'a claim, in fact these two Cbmpanieß hold almost all the ground up the Moanata ri Creek, and it is well known that this isl the best' gold-bearing district on the Thames. Now, sir, I, and lots of others, think that some steps ought to be taken by the Mining Inspector, or the Government, to taake these companies fully man their ground or throw off such portions a3 they are .not working;,! there is plenty of poor ground monopolised by these greedy,directors which they will never work ..that would pay r miners by working hard' aud long hours, and would give employment to "hundreds that have not bad work • for months and that, are, candidly speaking, without food. I .hope that some one better able to handle this matter will take it up. I feel sure that if Sir George Grey was made acquainted with these facts that he would make an alteration and see the poor miners of this place righted, and not the means of their getting a living taken from them by a few avaricious companies.—l am, &c, ..■''. . Saturday, ° -A Mince.