The Express.
London, England, 1856-05-01 00:00:00

ape exprefifi.

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LONDON, 7111721.9 DAT, NAY 1.

Tan hrenicdes of the Massy Market rased is the
unerring angling* of figures, the rise, progress, and
fall of speculative delusions. From time to time we
have felt it isumbent on us, as the journalists of a
great mercantile oommunity, to point oat the moral
of noes more flagrant cuss in which the cupidity
• of knaves has been arrayed, with the natural melts,
against the gullibility of dupes. The gold mining
mania—the latest in time, and not the least prodi-
gious is folly, of them intermittent attacks of un-
does' frenzy—has mon than ones formed the sub.
jest of our comments. Hitherto we have principally
dealt with the phinoinsuaof this disease me manifested
in its more obvious and generally notorious symptoms;
on the present utast= we shall endeavour to follow
Mr. VicuChancellor WOOD is his masterly demon-
stration of the very source and origin of the evil, u
disclosed in the morbid anatomy of that now defunct
bet cue Banishing and famous institution, the
Lake Bathurst Australian Gold Mining Company.
It is not often that we are favoured with so
interesting a " view of an interior " as that
discloud in the report of the Vice-Chancellor's
judgment. We 998 the secant springs of knavery
actually at work ; the whole apparatus of delusion is
Lid bare. We are amistieg at a practical exposition
of the great mystery by which, without any
violation of the criminal law, the Draft of a few
rogues extracts solid gold from the pockets of a
thousand fools. Of course we ars in an atmosphere
of consummate respectability. There is not one of the
implicated directors who has not a "standing and
position in nanny." Some of them have even higher
claims. Among the branded names is that of Sir
Envisitro Br.icazit, a naval officer of approved skill
and science, the last (and certainly the least) of our
Arctic navigators. But to our tale.
Five hundred awes of land adjoining Lake
Bathurst were in the market. A latter, which
ultimately turned out to be a forgery—purporting to

ems from ON LANGLEY. a gm rOmsit surrey r;r—
represested that the libels of this laud was into.-
Noted with vein; and sown with maggots, of gold. On
the strength of this letter a woo who was exone-
rated by the Vios-Chaneellor tram all complicity in
than mammies; and whom thereto. we shall

not use, porthued the land. As to the exact
date et this parches there is some doubt I but
there is none at ell u to what next took place.
The original perches,' agreed to sell his land for
17,0001. The parties who agreed to purchase were
lacer--Sir EDWARD Bauman, Mr. Halm (s soli-
citor), Mr. Laos, and Mr. BILL. These people
imiediately out about how to make the met of
their bargain, and, without de/ay, resolved on the
concoction of a C,osspsay, which, when formed, war
to buy for 40,0001. (half in cask and halt in shares)
the land recently acquired for an agreed price of
17,0001. The lawyer principally employed in the
transaction appears to hue been a Mr. Bons, de-
'tribe(' as a barrister of the lour Temple, who elti•
stately received 1,760 ohms as the mannered= for
hie Nerving. The whom was then carried out
trader his sespices. Bnatza and BILL disappeared
ea
union of the lead, and reappeared in a new

"Opacity as directors of Urs prOfeetod Company,
stipulating, kowovoir, with HARM and lion that they
should have o proportional gore ew the mash to the
Company. This honourable agreement was carried
. _

at to the latter. The Company was fanned. KUNZ!
and Isom, as owners, remold the Lake Bathurst se-
late. with all its auriferous deponits, to the Company,
at the alarming sacrifice of only 40,0001., and Messrs.
Bzwzaa and BELL, as partners in the profits of each
swain, pat into their pockets 11,000 shame as their
portion of the plunder of the Company, whose lite-
sesta as directors they were bound to Meuse and
uphold. Upon this part of the ease the Vies-Chan-
collar decreed that the male to the =fortunate
Company could not be allowed to stand—that
HARVEY. lame, BELatza, and Hsu most pay the
mats of the sat up to that period—and
should remain the owners of the land. To the lay
salad there Isms a touch of irony in the last awe
of the demo. It is impossible without a certain
degree of malefaction to reflect on the pride of owner-
ship with which these four eminently respectable
sea sea, ender the circumstances, matamplate their
pommies of these 600 acres of maritime land in the
Immediate vicinity of Lake Bathurst I

Bo sods get the first it this petted comedy
of city life. The Company is formed, seder
ammices the roost exhilarating ; auriferous
prospectuses fly far and wide to the re-
motest extremities of a gullible land ; no lees
this 130,000 applications for @hares overwhelm the
eswetary newly installed is hie board-room. Shares
to the number of 13,000 are actually issued ; bet,
alas, espy 7,000 were actually paid Rpm. At this
witioal and namable juncture Sir EDWARD Erm-
a= reeks. a timely retreat from Change-alley to
the North Pole, to meditate amid from sees ripe
the probabilities of fortune or rain that mamma
agencies may be working la hi. absence. Is it won-
derful, coder the circumstances, that this salami
Aretio explorer should have shown a certain impa-
tiens. to revisit the sone of the sham list and
the 'teem& telegraph P Meanwhile things did not
altogether prosper with the Lake Bathurst Comparry.
The gold fever was sensibly on the decline—the
public seemed as the eve of a lucid interval. If the
Company was to go on at all, a bold stroke had
evidently bemuse mosesary. It was resolved open
at coos. By a well-known rale of the Stock
Exchange, so company can be reeoguised there
IRINA its shares have bees taken up. tad two-thirds
of the mosey paid ore them. U the Lake Bathurst
Australian Gold Minis( Company was to he saved
from sadden extinctioe, it could only be by get-
ting it is some way or other on the Stook Exchange.
The seethed to which the direetwe had recourse,
though undoubtedly fraudulent, is, we tsar, any-
thing bet uncommon. They 'greed to take the
requiefte number of shares amongst themeelme, and
to pay the requisite 'mount into the bankers of the
Company, on the saderesteding that Übe wormy was to
as poi4l bock moire when it hoe toolosoorod its purpose of
progoriog sit:titian omeeplioneo with the mike of She
Bloch lfzehangs. The hasdalent agreement was ear-
tied out, gad the &wee of the Lake Bathurst Com-
pany were maintained by this diehoesst (atrium*
Ina curtain seablanes of Wiggle life. It ins not
far Msg. The gold It at the gold fever was peening
rapidly tate g slats ef adapts. Panic wee treading
on the heel, of music Spite of all eantrivasees,
shssce peraisMd, week after weak, In realising a still
non decided dimmest. At this odds laWMgrsts