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Feilding Star, Volume XIII, Issue 70, 10 December 1891, Page 2

When the erection of a hospital at Palmerston North was first mooted in this portion of the new Hospital District, the most active man, and the man who did the most practical good, was Mr James Grace, of Palmerston North. He waited on the several i local bodies, visited the most in* i fluential people and where he did not secure active support, he smoothed away the difficulties presented by email local jealousies, and made the way easy for the ultimate success of the scheme. He was indefatigable, because he threw his whole heart into the work. We have considerable pleasure in giving this testimony, because we noticed that at the first meeting of the new Board several of the members were so eager to take j credit to themselves that they forgot altogether one whose claims were far superior to theirs. We observe that the. Minister for Education speaks of the withdrawal 6f capital from the colony as if that had actually begun, but, like all novices in finance, he speaks without the book. This exodus cannot commence for some time yet, and instead of money going out of the colony in a flood like the bursting of a dam, it will go out gradually, but the depletion will be none the less seriously felt. Mortgages and other advances cannot be called in at a moment's notice. We do not question that at a later date money "will gravitate back to the colony owing to the higher rates of interest which will be obtainable. In the meantime foreign money which was intended to be invested in New Zealand will be sent to other markets, and this in itself is an evil only second to the withdrawal of money already invested here.