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The mine needed capital, so Hughes invited Scottish merchants in Adelaide,
Thomas Elder, Robert Barr Smith, and Edward Stirling, to join him in a small
syndicate. The money they put into the mine was repaid so handsomely that it
was a gilt ...
He therefore persuaded Rasp that more partners should join his syndicate and
finance the search. Rasp, Poole and James agreed, and the syndicate was
enlarged to seven. McCulloch himself took one of the seven shares, and so did
They said share syndicates were sometimes formed in the vestry after church,
and it was certainly true that Adelaide stock exchange was strong in mining even
before it became a leading market in Broken Hill shares in the 1880s. By 1893 ...
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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
A Little Excitement
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