Page:Notes on New Zealand (1892).pdf/157

Rh by the failure to realize the exaggerated hopes of which they had dreamed, a failure brought about by this unfitness; and, secondly, to the disasters which befell so many of those who actually had met with success in the subsequent follies which success too often induced. But the gold is there still, only the search for it is conducted, except on the occasions of the wild rushes which still occur, in less extravagant fashion, and, indeed, in most cases on fixed and well-considered principles.

By far the greater part of the gold mining of New Zealand at the present day is carried on by companies.