Aus:
The Money Market Review, 26. Dezember 1868. S. 593.
Schließen

Overend, Gurney, et Co. Prosecution of the Directors for Conspiracy to defraud.

Times, Money Article, of 21 Dec. denounces the prosecutor. (Dr. Thom) Calls it „a party movement“, „an attack upon the individuals in whose entire good faith the belief in the City has been so repeatedly expressed and is still so strong“; says that the proceeding „will be viewed with a feeling of reprehensions“, and that in certain eventualities the authors of this proceeding must be prepared for „proportionate censure“.  Zusatz von Marx, der das Exzerpt mit Angaben aus der „Times“ und dem „Economist“ ergänzt. Er bezieht sich wahrscheinlich auf The Times, 5. Januar 1869. S. 9: „To attempt to win such advantages at the cost of a pecuniary risk to strangers without first obtaining their consent to the hazard is what in equity is called a fraud. But there is a wide interval between a fraud in the view of the Court of Chancery and a fraud which subjects the wrongdoer to penal consequences at law. [...] To make out equitable fraud against the Directors, it would have been sufficient to show that the terms offered openly to the shareholders did not comprise the truth, or the whole truth [...]“. – Siehe auch The Economist, 9. Januar 1869. S. 29.
Schließen In spätren leaders calls it „an equitable fraud“, kein criminal one. Economist in same strain.

Aus:
The Money Market Review, 26. Dezember 1868. S. 594/595.
Schließen

Cotton in U. St.

Aus:
The Money Market Review, 26. Dezember 1868. S. 601.
Schließen

A City of Tents. (Town of Ballarat, Victoria)

18 years ago the spot on which stands the now daily growing City of Balarat Ballarat was literally a desert; 10 years ago a city of tents – a host of golddiggers then peopling the former solitude, housed under canvass canvas. Now a town of stately buildings, with a railway station that alone cost £40,000 £60,000. Theatre, Alfred Hall, churches, chapels, townhalls and other public buildings. It forms the centre of, perhaps, the most productive agricultural district in the colony of Victoria, and the very dust of its streets may be said to have at one time teemed with gold.

From underneath the soil of Ballarat gold to amount of £40,000,000 was extracted. From one little plot, a little over 600 yards in breadth, now situate in the very centre of the town, with several streets crossing it, £750,000 rewarded the diggers’ search. This is going on to the present day, only that shafts have taken the place of „holes“, and expensive machinery been substituted for the pick and washpan of the first explorers. The operations of the various Cos. which have worked on Ballarat ground have had the effect of distinctly marking out the track which the main lead of gold and its various tributaries have taken. In certain directions, indeed, the houses would have spread faster were it not for the almost certainty that gold lies beneath the surface, for which shafts must be sunk and machinery be erected before the space is encumbered with buildings. In a plot of ground on the western side of Ballarat, into which the very main stream of gold is found to run, dipping to a considerable depth, on which operations have been already commenced, it has |58 therefore been decided to mine on a scale hitherto not attempted in the colony of Victoria, so that the gold may be brought to the surface in the shortest possible time, and the ground revert to agricultural or building purpose. Land is too valuable close to Ballarat to be hampered with mining operations longer than is absolutely necessary. This undertaking will require larger instant outlay than the locality can well manage; very early in 1869 John Bull’s Packet will be applied to.