A Gloomy Picture
A correspondent— " The Bogle" in a letter to the Evening Star pn the: Premier's Exhibition, says .-—-While Mr Stout Md hia Wellington audience of the hicreawng population, railwwys^ traffic, und .improvements ( iv ,ya*-ious ways, he avoided giving a single figure from the debt side of the ledger He did not tell them that 500,000 people: owed something like £34,000,006 of a public debt, and that the principal A merchants in New, ;Zealand /are insoi- "^ vent, or fast, drifting iv that direction | that almost everything available ia mortgaged, land; hou*(9,|QaMe, 4e., &c. ; that, infect, we are only living j here on sufferance, the; real owners of the estate being our creditors at Home., No wonder there* is depression, caused ty our heing heavily haiidicapped. Eve-try man, woman, and child is yearly taxed at £27 per, head, theTeeult of extravagant and .blundering Qoy ecu* ments. Had I t^.e same incentive ai the Premier,'! could draw a picture as black as his is white, and probably with more truth in it; But for the present' I hope enough haa heen.' aaid to set earnest men thinking. ..„• XX
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Bibliographic details
Feilding Star, Volume VII, Issue 70, 21 November 1885, Page 2
Word Count
187A Gloomy Picture Feilding Star, Volume VII, Issue 70, 21 November 1885, Page 2
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