Show A colty BOOM IS calcutta j no dolbt that gold in ilk india badlu there has been and perhaps still la Is a gold boom in calcutta accord according Ling to tho the london standard and an account account of it 11 and howit is worked Is not without inton n t some semi people have long held tho the opinion ton ihal there is ill gold to ho be found lit in india though it has fins not been regarded 1 ahat I hat a a gold producing country gold exists is isa known says article from rom the tact fact it may inay bo be obtained by ashing in tho the ili ID various ports parts of 0 tho the country but bul it ft has generally lloil tho the outturn from fill industry wasi too poor to marrant a but the most indigent entering uron ur on tile occupation A days w billing produces a taw low particles of 0 gold very minute tho the washer golfing getting perhaps two or three annas to four penco half penny bouny per day tills this la Is 1 a small outturn urra buta but gentleman intimate with the country anil and the people told the writer that abal there Is a superstition among thern that it 11 Is unlucky to uto take wore moro than lort forr annas worth per day out ot at any str cini tin and that it t a a man found so much hu be would cease for abo the day N bother this feeling is from tilo tuo tear icar ot of exhausting a perennial source ot of a 3 poor living or from settle superstition bo be could no not say there chere are people ho doeier eier who think chink that bile gold can thus lie be found in the streams thore must muss ho be a sou ca from 1 flitch aich it 11 comes and that thai it w ou id bo be north orth an to trace it there tharo are ara now flow several at work for or tit til Is purpose and calcutta IN bitten with rl a gold which has raged furiously ono ground of 0 encouragement Is that geologists profess to have dil that tho the reefs known in extend right into bengal digal Il and crop up in tho the unsettled districts ot of that hiat province about rancid and tho the district of chota Nag Na poro pora it is dot overlooked that tho the Ily mines utter after some years ot tor at as cool companies panics have hava begun to yield and ill that shares some years agoa ago a brur H 3 shillings tire are now BOW soiling selling at CO each recording lacta elite people hero here liaro have been exploiting the districts and profess to halo haio como come upon grand A syndicate waa nas formed to mine for gold jt it negotiated with some and small chiefs for far leases concessions dilate rights etc and these being settled tho ilia syndicate set nebout forming compa companies nice they began on a very modest scale tour four or me lie gold joining compan companies les with small capitals from to rupees in fa rupee nippo shares this placed gold mining within the compass of 0 every ono one even down to the office sweeper tho natives especially ally tho the es born gamblers rushed la in lor for shares which soon became in demand lit at 2 rupees each and advaney rapidly until tho the pren prom ilum funt on shares nominally of if I 1 rupee went up to 6 and oven ac here T m as a gold mine to lo some purposes purpose with yet undiscovered veins tho the thing thine was so ao successful that tho the lows lews ot of the ilia promoters expanded arid and they found it would bo economical to concentrate cen tile tho of the tour four or live small into inta M larger company accordingly a now new company was formed to purchase so smaller ones the capital of tile the latter was 3 lacs idea of rupees say the now company ha a cali capital fial of IZ 13 lacs SI JEKO tho management of the small companies 11 take ko 10 lace in shares in pa mant for the slid and suoi 2 lacs ines to toi the I ho public to forni form a worling capital shares ir in 1 cupco each and are ire taken I 1 ii D to use a common expression liko like many of tho the shares are sold 11 a premium tito success of these dl 11 atos aces was too great not to bring li it into existence many blany companies be been 0 it fornies anti and brought out by T of high standing oho he not colb st in their estimate of tho the Ilease of a or concession eight or lacs was isas a small amount for A co coin 1 l desmall p 1 11 a and i d th alie shares were scrambled p d nd foug lit fo tor r force having to te lu bo use u j p applicants at bay S shares bares ran premium in companies that eliat ba had d it is as u i dom shaper expressed it never turn turned ed a or a another company formed for D ii g only lias has a considerable capi caal t ill 3 2 rupee ali darvs aros anti already they an at ai a premium ilum of por per cent ten ill 1 began to look too loo small for tho the up app ilita of 0 tho the public anil and companies with lilt 5 it lace bac were talked of it but from i remonstrance in tho the press ahse huge baits bails have been beca withdrawn tor for ver vcr shame other respectable houses pro prepared pared schemes anil and wore were ready cany to 10 laun launch e it them but prudence proal led and hey boy ire are for a time withheld m Ith held it belog being stated that shares m hlll ill not be issued to tho the public as the capital has been subscribed privately this rally nay bo be the case but tile the general impression is that abo movement has been oi overdone still smaller ventures seem to havo have no n difficulty in ID being tho the down demand lid tor for shares la in tits the native I 1 Is a still nathe these rupee shares have called calle dinto into being a largo number of upcountry country up men a brokers nho A he ron ran about ilia city almost day and night the snares bhare many of 0 them cau call not cot or nad or in i rite english but they are am men ot of business s and for a time made money out of their occupation at first the brokerage on cia a rubw share was wai 2 series an enormous percentage tor for such bust busi bessone eighth ot of tile tho value ot of the tha share competition has brought it down to I 1 aona and even that pays the one opeo alice share involves tov olves too much lauch clerical work to warrant a sanf lo sharo issues issue to ul d to meet tho the difficulty bite the line ot of the share Is still nominally I 1 rupee uia the companies only issue cor cordill till in belches batches of shares to eiula calp so 0 o that practically this makes foakes each erla represent ono one share ol of rupees this saves much tra traub ter and indorse ment dent which on the rupee share would be intolerable and a great waste of time tad and labor A brief notice of the th mines may nul not bo be out kiil of place anil and it must bo be understood that those these differ w defy irom from australian claims cl those art mall concessions la in some cases ot of or 01 a 1 lew few yards A small mall concession lo ILI the case cam 0 of india moans the right of willing over tidy fifty or several hundred square miles the government geol ceolo 0 01 B ba haio c not dis discovered coverd nold gold or 06 any y tiling but coal probably tile tho only tl 1 ng lit in carea to la look for but uch such men ar mr smith have reported 1 I orbly orally on oa some date of 0 tho the districts tied aud ij 11 oil 3 it Js fiala ld that absac have kl gil return frat irmi 11 pennyweights penny weights to IS fi ounces a cos to the toll toil but tl it Is too good to ip true speculation g in apace arid and wo we hear stories ot of asual character how this man hat has in d blaud and anellier tn oilier to ilo do the bu if ess lias has scarcely marcoly advanced c illy fly tor for lor for men to count their thi lr losses for here still remains remain the hope of 0 suc EUC c fill til mining some havo have realized p g it already men have sold their houses to buy hares arid and in some cases h sold dold to co tago only to plunge tie dc per under the temptation of 0 success bonia battle promoters looked to ilace their 0 chickens on the london market as soon tt lt they bad grown crown lareo argo enough and as dan as circumstances warrant 1 it arn me a of the ventures will probably ho be so del 1011 ill t with it may luay bo be that thab a few of the vol L res are batna fi lo le a and n d that if the out e of the ad e n are realized real ted the jedlan gold n i may do toward tho the solution tol ullon of that crabbed d question of exchange NN halb has ailko our omen and ami phora ahers and a yot yet pr oblena in tho wide cutri mercial rela fleas of the empire |