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xcavated lengthwise to an extent of four fathoms in a westerly direction from a spot called the tram-hole. In an upward direction, it may be excavated from the roof of the level to an extent of five fathoms." John Thomas, being present, at once offered "ten shillings," by which he meant that, knowing the labour to be undergone, and the probable value of the ore that would have to be excavated, he thought it worth while to continue at that piece of work, or that "pitch," if the manager would give him ten shillings for every twenty shillings' worth of mineral sent to the surface by him; but the captain also knew the ground and the labour that would be required, and his estimate was that eight shillings would be quite sufficient remuneration, a fact which was announced by Mr Cornish simply uttering the words, "At eight shillings." "Put her down, s'pose," said John Thomas after a moment's consideration. Perhaps John knew that eight shillings was really sufficient, although he wanted ten. At all events he knew that it was against the rules to dispute the point at that time, as it delayed business; that if he did not accept the offer, another man might do so; and that he might not get so good a pitch if he were to change. The pitch was therefore sett to John Thomas, and another read off:--"Jim Hocking's pitch at back of the hundred and ten. By one man. To extend," etcetera. "Won't have nothin' to do with her," said Jim Hocking. Jim had evidently found the work too hard, and was dissatisfied with the remuneration, so he declined, resolving to try his chance in a more promising part of the mine. "Will any one offer for this pitch?" inquired Mr Cornish. Eight and six shillings were sums immediately named by men who thought the pitch looked more promising than Jim did. "Any one offer more for this pitch?" asked the manager, taking up a pebble from a little pile that lay at his elbow, and casting it into the air. While that pebble was in its flight, any one might offer for the pitch, but the instant it touched the ground, the bargain was held to be concluded with the last bidder. A man named Oats, who had been in a hesitating state of mind, here exclaimed "Five shillings" (that is, offered to work the pitch for five shillings on every twenty shillings' worth sent to grass); next instant the stone fell, and the pitch was sett to Oats. Poor James Penrose's pitch was the next sett. "James Penrose's _l
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