Untitled

Thames Star, Volume VII, Issue 2793, 26 January 1878, Page 2

The following letters appear in this day's Herald, referring to which that journal says:—ln another column will be found two letters regarding the letting of tributes in the Queen of Beauty Mine Extended. They need no comment from us, as one contains a succinct history of the whole affair. Perhaps the mining circle has never before been so agitated as it is upon this matter, and for the sake of all concerned, we hope that it will be thoroughly sifted:. TO THE EDITOB. Sib, —Seeing, in your columns of the 21st inst., reference t« » bit of scandal in connection wilh a certain claim on the Thames, and knowing that you are ever ready to expose an injustice, I trust you will kindly insert the following remarks relatife to the actions of the Board of Directors of another oompany, viz., the "Queen of Beauty." Last month the directors of the aboye mine called tenders for two blocks of ground on tribute. I examined tho ground, aud came to the conclusion that it would pay me to give 30Jr per cent. My tender was rejected by the Board, and one accepted at 20 per cent, in its stead. 1 made inquiries from a member o! the Board why my offer was not accepted, and WM told that the reason was'that I would " take all the gold out of tho ground." Surely when tenders wore called to work tho claim, the Board did not suppose the tribute™ were going to work for their own amusement. I was also told that my tender win too high. That wus n natter" for me to cousider, and it was their duty, as custodians of tho shareholders' property, to have done tr o best they could for them, and make the most of tho trust repoied in them. Ndir sir, as to my tender being too high, the tribute shares are quoted in this day's paper as having changed hands at .the rate of £100 each, which moans a sum of £2000 for the two tribute*, or 4s per icrip share on the capital of the Queen of Beauty Company. As a shareholder, I appeal to my brother shareholders whether (hey are willing to ait quietly by and see their property sacrificed to aggrandise those whose voice should not have been heard in the matter. If an • cxiraordinury meeting is called, thing* will como out

Hint will astonish Iho iii .reholdert, 80 much for local directors.—l am, Ac, Jakes Mcliiumex. Grahatntaown. Jan. 24, 1878. P.B.—lfc is cummtly repoitodl on the Thames, and I belioro with goad reason, that nearly all connected with the mine are share* holders in the tribute, which accounts for the non-uccoptanco of my tender.