The Fielding Star. Published Daily. FRIDAY, DEC. 15, 1893. "A VISION OF THE FUTURE."

Feilding Star, Volume XV, Issue 192, 15 December 1893, Page 2

The Fielding Star. Published Daily. FRIDAY, DEC. 15, 1893. "A VISION OF THE FUTURE."

Tnß Napier Telegraph, in dealing with the subject of the fiction of the phenomenal prosperity of this colony, thinks that many of the people driven to New Zealand by " stress of weather " in the other colonies are not, as a rule, fit to make a living on the land, even if the Government could place them on it fast enough. Nor can employment for all the others be found on the cooperative works — especially now that the elections are over. Our contemporary hints that a two million loan will be absolutely necessary to carry off the accumulation of floating d»bts, but doubts, with reason, whether the country would sanction a loan even if the money were borrowed ostensibly to be expended in cooperative works. For ourselves we believe that the Government intend to place a loan on the English market, The ostensible excuse will be to raise money to lend to settlers on the security of Crown Lands at low rates of interest. In the existing condition of the English money market, combined with the sublime and simple faith of the people at Home in the prosperity of the colony, and the spotless financial virtue of the Seddon Ministry, we firmly believe that a loan of even five millions could be raised at a comparatively cheap rate. Of course this would be a direct negation of all the boasting the country has heard so much of as to this being a " non-borrowing " Government, but we all know by this time the hollowness and falseness of that boast. It is quite on the cards that when they are driven into a corner, as very likely they will be ere next winter is over, they will " throw decency to the winds " and expose their true nakedness. They will then borrow openly instead of "on the sly " as they havt been doing ever since the reins of Government were placed in their hands. Our contemporary concludes as follows : It is the luckiest thing that could have happened that the Seddon party were returned to power by such an overwhelming majority, They will thus have the pleasure of tasting the sweets of their own making before their course is ended, and the country will be heartily sick of them and their ways. There is no other cure for the chronic misgovernment of the great Liberal party.