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It is fair to answer that the goldfields declined partly because miners went to
rushes in other colonies or more permanent jobs in Victoria, and took their capital
with them. Victoria's goldfields could have supported in 1860 a far larger
But too often they had paid all their profits in fortnightly dividends so that when
they were compelled to sink for new reefs they had to call on shareholders for
capital. Given the nature of Bendigo's reefs and given the practice of dispensing
The wealth of the field lay in the large lodes that wanted capital to develop them.
Isolation and climate and the nature of the lodes made Western Australia hungry
for capital, but that capital had not been easy to catch. Many miners thought it ...
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LibraryThing ReviewUser Review - nandadevi - LibraryThing
The history of mining is central to Australian history, from the gold rushes of the 1860's which brought hundreds of thousand of immigrants, to the mountain ranges of iron ore and immense natural gas ... Read full review