, 1891-06-03

tant rate; and it would make for itself y
business III social or domestic messages
which at present are unknown. Many men
and women WOnld spend u pound or two
on a message announcing their arrival on
either side Of the water, or other domestic
news, who hitherto have never regard.
eel the cable as a communication with
which they had any concern. Let the
w. l.. & p. Company be sensible and
try the result OF d cheap rate syS-
tenn, say for a year, and see how it
will affect their returns. AS Il Company,
the coIonists have no nnfriendly feeling to-
wards them, and they would not invite
another Company into the colony for the
sake Of doing their first love harm. On the
contrary we believe the inha biI ants as a
whole would prefer, all things being equal,
TO centre their pat rOnage in their Old ac-
Quain.anCt; but it would he madness to sup
pose that any body OF business men would,
on the score OF sentiment, refuse such an
offer as the new Company have laid before
them AN offer the acceptance OF which in
wolves a moral if not a legal pledge on the
part of the community to give the new Com.
pany support. The new Company are evi.
IDENTIFY in serious earnest, and ifthe w. |. &
Panama Company intends to bar the way
tO!the entrance OF rival INTO the colony they
should change their policy Immediately.
-
The returns from the gold fields are keep.
ing up, to the satisfaction ofthe most SAN
gnlnc, and there is good reason for the an.
ticipatiOn that the ratio of annual in-
crease that has attended he annual exports
since the trade began, will be found at the
end Of ills year To have been maintained.
We notice am ngSt other lots that have ar.
rived within the last week one Of 20lbS. to
yl. ID 1F,l ~ nir,, ,.,, N I'M ~
be gratifying 10 the memU erS, who seem
now 10 be on the turn Of fortune, and
likely TO find by and by that their shares
represent valuable stock. The parcel we
refer to came from ii placer in the Upper
E~SNCQucbO.
The most sensational news, however,
about the gold industry has just been
brought to town by Mr.. Barnard, of the
Barnard Syndica5e , formerly OF the ESse-
qucbo Company, the chief promoters of
viii, h were Mr.. Barnard and Colonel Fig
yeImeSy. About a year ago the ESScque-
DO Company were Suff ring from pooImeSs
OF blood, which was aggravated by internal
connexions, and the only cure that could
be found was liquidation. Certain members
Of The irregularly constituted Company
would not pay theiC fair proport on, Of the
expenses that were attended upon the pros
pecting that was going ON under Mr. Bar
nardSS directions; so the others reSOrted
to the hereto measure we haze here men
toned Of getting quit Of the malc0ntentS,
at the same time, arranging IN the most
hOnOurable manner to pay all the debts of
the Company III full, no matter VIII at the
assets realised.
Having III this way thrown off all the i'm
pedimenta, the members formed themselves
into a Syndicate, and Mr.. Barnard set
out on a grand prospecting tour, which
was fated to be a remarkable One. He
has been on the move for many months
searching the Mazaruni with untiring pa
tience from creek to creek, step Ivy step as
it were, and at last he has come upon u
district which he describes to us as being
of fabulous richness. He says heIhas never,
even in California, the land of rich finds,
seen anything to equal ..the dirt. The gold
lies in it like grains of wheat, and it is of
such extent that, to use his own words, the
working of it will OutlaSt the youngest
member of the Syndicate. He has located
20 claims, or four each in the names of
Dr. Fisher, Mr.. SproSton, Mr.. Garnett and
Mr.. de ;'JOnge,-fOur Individual members
of the Syndicate. His own interest is a
large one, and is secured by a special con-
tract with the MEMBERS AS soon as he
completes arrangements for the necessary
labOur to work the new ground he will
roturu RI SET the SIniceS in ordar. onI