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CROESUS CO
MOONIES DAME ROAD SCARSDALE, GOLDEN PLAINS SHIRE
CROESUS CO
MOONIES DAME ROAD SCARSDALE, GOLDEN PLAINS SHIRE
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Victorian Heritage Inventory
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Statement of Significance
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CROESUS CO - History
Contextual History:History of Place:
Heritage Inventory History of Site:
CROESUS COMPANY
15.11.1859: companies application was registered for a lease of 33 acres 3 roods at Black Hill, at which time the company had a 12 hp horizontal engine valued at £800; the company intended outlaying £1500 and employing 30 men.
12.1859: the shaft has reached a depth where it is proved that a new lead traverses the claim.
09.01.1860: company shaft is down 160 feet and the company is conducted on the new style with one part of the shareholders working and the others paying a certain amount of money to maintain the working party until the gutter is reached when all the shareholders will work the claim.
01.1860: after months of sinking have struck gold in a lead distinct from the Hong Kong Lead.
03.1861: putting in a new drive from the shaft to improve the drainage in the mine; wash-dirt gives about 8 ozs per machine.
05.1861: only making about £4 to £5 per week.
06.1861: finished putting their main drive and beginning to obtain tolerable returns.
07.1861: paying fair wages.
08.1861: paying moderately.
09.1861: getting about £10 per man.
10.1861: getting from £6 to £10 per week.
11.1861: doing tolerably well.
12.1861 getting well paid, the average being about £5 per man per week.
03.1861 to 12.1861: recorded production of 56 ozs (or 1.742 kg).
15.05.1862: lease cancelled the returns having been small for some time.18Heritage Inventory Description
CROESUS CO - Heritage Inventory Description
An irregular elongated mullock heap. The heap is a Y-shape within an area 35m long by 40m wide, with parts of the heap up to 2.5m high. There is a scatter of quartz wash around the south east side of the heap.
Heritage Inventory Significance: Not relevant
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