The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-06-16
Important Gold Discoveries In Australia

Tie Selbourne corrc sponden, Of the London Times
cords the revival OF tho gold fever In Australia Hc
writes:I do not remember period since the year
1852 In which there great neral interest felt
the colony the bjccf Of the gold folds Tho extra
Company Haiaat from which claim upwards Of four
hundred and ATTY feet deep vast antilles OF gold are
extracted Stems to have given further general impulse
to deep sinking throughout the country One Thousand
five hundred fortnight the rto Of quarter
of r,illicn worth of gold year, has been, on the
averag, of the last few months tho yiod Of The Band
Of Hope The shares, which six seven months back
might have been bought for ESQ each, now worth
G10 and fotnhty dividends ut the rate Of from 30 TO
so per cent per On the present market price OF
these shares have for considerable time past bcen
paid with tolcablc regularity The land and In which
these operations are condnctcd y he'd merely OF me
mining bylaws, arc as secure az freehold. Stimulated
by tho prodg!os Of this and several other dccp
sink ng claims in the neighborhood large number
vi new companies Of similar character have been lately
formed. At Taradae Bnningyong, Daylesford Kyneton
and lately at Morses creek gold in large quantities
has been found ia the deep leads VI what call
the old rcAdafe rivers and tho supplies FOR the future
from thcsc extraordinary rhs confidently expected
10 exceed the largest surface specimens Of Old Eaa
rat and Mount Alexander The deposits In lately dis
covered quartz reefs are scarcely less remarkable Far
beyond the now celebrated Woods Point, on the
Goulburn river, and stretching away into Gipps'
Land spots until lately scarcely trodden b. the
foot OF the white man, aurifcrous reefs have been
taken up, and are only awaiting the arrival Of the
machinery which shall extract their treasures On ono
reef In this mountainous region the gold Is conspicuous
the surface, the bright quartz citing the appear
by shower of gold. quartz crushing 1rm b. airing
the style OF Esenstadter Drysdae fast becoming
mill onares f they take Of what they gc at Woods
Point, and paying wages upwards OF sI0o
every four and twenty hours ! use the words 'four-
andtwenty hours'' instead Of In day." because gold
miners work night and day. the entire period for the
deep auvial workings being divided into three ''shfls
they d. Of eight hours each NJ the end OF
each OF which periods lays OK men relieve each other.
Fresh discoveries of Gpps' Land reefs hsve lately
become humorous that tho newspapers have given
up despair the attempt to chronicle their names and
descriptions. Can II thcn DO matter for wonder that
irritable imagnations ARE found all sides falling
into day dreams Of sudden My acquired wealth. The
symptnme are unmistakabe and the disease
70 n head. A stock broker In town receives highly
aurcrous telegram from Donnelys creek the Crooked
river:- "Nagnilcent prospecting claim marked on
ounces Of the precious metal to the ton" The broker
communicates the virus 10 oil his constituents and they
70 oters In due season nugges or specimens arrive,
displayed In shop windows and produced from the
encounter them In the strees The prospectus appears
with dividends In every line vouched for by that
Of thcmselvee smack Of gold, Perhaps sometimes OF
shareholders taken In But tho instances Of greatly
ueky hts' are quito sufficiently numerous TO prevent
the excitement from ever much tagging Some man who
q few months back went up TO Woods Point an Irish
laborcr, or a runaway sailor, rcappcars, TO the sur
prise and admiration OF bis Melbourne friends rs gen
tcman' who has made his pile some Of the reefs,
and who about take his passage by the Great Britain
~ nstonsh the old folks nj home 18th his suddenly &C.
quired treasure. flame duck" from Change, or q
dubious attorney, will Suddenly disappear from his usual
hants and almost before he Is Missed no will reappcar
anon his old companions and sisgger their weak under
standings by giving checks for surprising amounts
banking fed by fsron 'reef In the roman
tic deps o. Gipps Land In short Sinbads seem 10
be everywhere and treasure valleys have become
niobplace. There Is more money than morality, how
aver, among these "Australian Nights gentry, and
Woods Point and Crooked river society cannot be
siiered as exceng in the development Of the domestic