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106 COLD.
and
his son Tippoo erected their mints, the ruins of which are to be seen
to this day, in the district close to the spot where the Ooregaum
Company is at present working. The climate is said to be good, quite
equal to that of Bangalore, the elevation being 3,800 feet above the
sea, and the arrangements made by the Government for leasing the land
are described as being favourable to enterprise. The following extract
is from the Pioneer of the 29th of April, 1880 (quoting the Bangalore Spectator):—
Gold Mining in Mysore.—From
a notice issued by Messrs. Arbuthnot and Co. it appears that a company
is being formed to work a portion of the land in the gold-yielding
region of Ooregaum, in the Kolar district. The Ooregaum Company is now
hard at work, and the analyses of quartz from its mines, by Mr. Brough
Smyth, show conclusively that the auriferous yield is exceedingly
good, and that the results to be obtained are all that can be desired.
The gold-fields are not far from the Colar Road Station (six miles) and
have everything in their favour—climate as good as Bangalore, food and
labour cheap and plentiful, and there is every reason to believe that
the gold-mining industry will be a great success in the Mysore country.
Those who wish to invest in a good speculation have now such an
opportunity placed within their reach, while the well-known name of
Messrs. Arbuthnot and Co. is a sufficient guarantee that the Madras
Gold-mining Company will be carried on properly. Judging by our English
contemporaries, it would appear that there will be no difficulty in
allotting the whole of the shares in the London market, where the gold
mining companies are highly thought of as safe investments.
BOMBAY.
Within the limits of the Bombay Presidency the districts of Dharwar, Belgaum, and Kaladgi are the
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