Before the end of the year the export of gold from Victoria alone had
very nearly reached half a million in value. In two years the population
of the Victorian gold-fields almost equalled the whole population of the
colony at the close of 1850. Most of the diggers lived in tents, and had
absolutely no interest in the colony beyond the mere hope of profit from
the diggings. If a more profitable field had opened elsewhere, they
would have left at once. By the end of the year 1851 the probable area
of future discoveries was pretty well recognized. The gold-fields, with
few exceptions, were found to lie on one side or the other of the
eastern Cordillera or chain of mountains which, beginning with Mount
Elliot in Northern Queensland, follows the coast with remarkable
precision till it reaches Port Phillip Bay. But all the more northerly
part of this chain was unexplored in 1851, and of course there was room
for almost any development within such wide limits.
Warned by events in New South Wales, the governments of the other
Australian colonies had made preparations for the crisis. Western
Australia was too remote to be much affected; and her newly arrived
supply of convict labor rendered her contented. But South Australia and
Tasmania suffered severely from the drain of population, which set in
toward the diggings.
In South Australia, the effect was in some districts almost as if a
pestilence had swept away the men, leaving the women and children
untouched. Some of the emigrants really deserted their families, but the
bulk were honorable men, and remittances of gold soon began to find
their way to Adelaide for distribution among relatives in the colony.
After the comparative failure of the gold-diggings in South Australia,
the Government had wisely set itself to secure some part of the
prosperity of the gold discoveries for its colony by establishing both
land and river traffic routes. In these efforts it was highly
successful. Many South Australians made handsome fortunes by sending
provisions to the Buninyong and Mount Alexander districts, and the new
steamers on the Murray proved a source of profit to the colony which
lasted until the development of the railroad system. Unfortunately, this
prosperity could hardly be realized at the time, owing to the great
scarcity of coined money in the colony. In 1851 the privilege of coining
was still jealously monopolized by the mint in London; while the rapid
expansion of business in the latter part of that year had rendered the
supply of coin in Australia totally inadequate to the demand.
Public-domain text, read in full here on John Shaqi.
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