The Gisborne Times PUBLISHED EVERY MORNING. SATURDAY, DEC 14, 1907. THE SHORTAGE OF MONEY.

Gisborne Times, Volume XXV, Issue 2063, 14 December 1907, Page 2

The Gisborne Times PUBLISHED EVERY MORNING. SATURDAY, DEC 14, 1907. THE SHORTAGE OF MONEY.

Tho refusal of the moneyed men of tho United States to leavo their dollars invested in tho various industrial concerns is leading to all sorts of complications throughout the world. We have seen what a. marked effect it lias had on the prices of raw material required in manufacturing, particularly in tho case of our own 'wool, and it may bo well to note for a, moment the influence it is having On the labor market. It is undoubtedly adding largely to the difficulties of finding or even of keeping employment." Whilst financiers were playing their great game in Wall-street, with European and even Australian exchanges responding to their movements. important concerns were falling to pieces, shareholders were losing faith in. their enterprise, banks 'were failing, and private persons were reduced to hoarding whatever money they could get hold of. There followed in due order tho stoppage of undertakings employing great numbers of men. Tims ill New England States alone 10,000 cotton operatives were thrown out of employment, and avitliin a radius of sixty- miles from Pittsburg 48,000 persons-had to be dismissed from factories, 6000 from sawmills. and 2000 from railways. In other parts of the country also work was at a standstill, merchants could not get their cheques cashed, and so employees <yf all grades bad to find work elsewhere. But where to find the work? So closely is the monetary position connected with the industrial, that industries have been paralysed all over the States, and men travelling in search of work jostle a'gaiust their fellows in distress who decided to await in their homes the turn of fortune’s wheel. There is always a large proportion of skilled and unskilled workers in America which is unemployed even when times aro most- favorable, and now to this unfortunate standing army have been added men who aro out of work, not because there is no work for them to do, hut because the disturbances an the money market have made it impossible for employers to maintain their enterprises.

The easiest refug© for Americans out of work is Canada., and indeed it is more than likely that for some time past a large proportion of the immigration into the Dominion has been from the United States. Thus in the fire months April to August nearly 175,000 persons entered Canada, and many of these wero'probably American. Non - the Americans are entering in hundreds —able-bodied men, mentally as well as fit for tlio battle of life, but without a- penny in their pockets, and with little chance, so far as caii he seen, of obtaining employment. Even beforo this latest series of arrivals, the unemployed were more numerous in Canada than in the previous year, so that now the authorities will bollard J ,; it to it to deal effectively with the problem presented by tlio workless pear. AVliat with the Japanese immigrants, whoso presence has Ibeen so unpopular, ami with the Hindu immigrants, whom it is impossible to keep out, and now with the indigent unemployed Ifrom the United 'States, Canada has a hard row to hoe. A more remarkable 'movement than the exodus of the unemployed into Canada. is the return to Europe Of a tremendous number of aliens, chiefly laborers, who have been dismissed from their employment in the United States. Presumably there is nothing to prevent these unfortunate people irom landing in their native country, but their return must have a considerable influence on local industrial conditions. These men and their families, used to the higher wages and the greater freedom enjoyed in America, will find themselves somewhat out of place if they secure work at all. iNor is it in evidence that the conditions will bo more favorable in the native country of the returned laborers than they were in America; for the monetary crisis in the States has been (felt on the European- Continent also. Orders have diminished in quantity and value, so that even so great and firmly established an industry as Krnpp’s lias been obliged to make sweeping reductions in its list of employees. If skilled' labor thus suffers.- unskilled labor cannot well expect to find regular employment easily, and it is very much to be feared that a great deal of misery will be entailed upon the working classes throughout the world as tlie result of the Wall-street panic.

The Gisborne School closes at the end of next week for tho Christmas vacation.

At yesterday’s meeting of the County Coimcill the tender ~<>l Mr. G. wildish at £6O 19s was accepted for 2000 dog collars.

At tho "annual mooting of the ■ W.0.T.U., held recently, the following officers were elected: —(Mrs. GraliiiTii, president; Airs N. F. Walker, secretary; Airs M. McLeod, treasurer.

At the last meeting of tho Waterside Workers’ Union lAlessrs F. Fitzmauriee, J. Harding and J. Ander son were appointed delegates to further the formation of a Trades am Labor Council.

,Wu understand that, weather permitting, an open-air religious service will bo hold near the fountain on Sunday evening, after the churches are out. The Rev. ’Wm. Grant will give a ton minutes’ address to Agostics and sceptics.

No details have yet been received in town as to the Easter manoeuvres to bo carried out by the volunteers, but it Is understood they will take place somewhere in tho Wellington province. It is expected that a hundred vofuteers of all corps will go from Gisborne.

At tho Police Court yesterday morning before Air. J. AV. Bright, J. P., John Turner was convicted on a charge of drunkenness. This being the third offence within a short time accused was fined £l, with 2s costs, in default 48 hours ’imprisonment.

Mr. Dawson will preach, at Wesley Church to-morrow morning. The evening service is special, as it is the intention of members of the Alasonic fraternity to attend. Rev. C. Griffin will preach on “What to do and lion to do it.” The United Bible Class meets in tho afternoon. Air. Griffin holds service at Waimata in tliq morning.

A -moonlight concert in aid of the lAlangapapa school prize fund will bt held in Air. AlcLeod’s grounds, lAlangapapa, on Alonday evening next. A good programme is being arranged, a number of well-known vocalists having promised to assist. A conveyance leaves the post office at 7.30 for till convenience of those intending to lx -present.

A closing examination was held yesterday afternoon by the Biible-in 'Schools Association, and tho classei were terminated for tho season. A meeting of teachers will be held next week to compare results of the examinations, and later on prizes will be presented to those who do best it the examinations as well, as for attendance.

It seems absurd to talk of getting bogged in summer, hut there is a spot in Peel street where carters got bogged many times a day. The carters back in their drays to take on loads, but when the load is on and they seek to draw out they experience some difficulty, as the crust- ol the road has worn through and the wheels of the drays In-come embedded in about six inches of sand.

Unclaimed letters for the following, received during November, are lying at the Gisborne Post Office: From United -Kingdom: A. Anderson, S. Corfiehl, S. Earle, H. -Grierson, AV. E. O’Keefe', Airs AV. Saunders, E, J. 'Stephens, iH. AV. ALarley. From -Non South AVales: Florrie Baker, G. Cox head, Messrs Davies and 'Grant, J. Kindler, J. Mann, Alias Rowland. Mrs J. iStuart, B. Swain son, R. Tre nvick. From Victoria : A. L. Plolscliier. From India : C. Dunbar. From Tasmania: C. O’Brien.

Tho Sievwriglit Aiemorial 'is a thing of beauty, and, to tho juvenile population of the town at least, it is a joy for ever. It would allso seem impossible to stale the infinito variety in the matter of giving forth water. Yesterday water trickled forth Hanguiclly from only three of the four lions’ mouths. Two small youths were observed looking at the lion which refused to spout. “ Iwonder what’s wrong with it,” asked one, to which the other replied, “Oh, I suppose it’s too dry to spit.”

A difficulty was mentioned at yesterday’s meeting of the County Council in regard to the number of Hospital Trustees that tho Council could nominate. Figures prepared by the secretary to tho Trustees showed that only five members could be elected, while on the computation of the County Clerk the number was six. It was decided to efiect five members and to afterwards ascertain whether they would have to elect another: “And if we elect another.” asked tlie Chairman of the Town Clerk, who had been consulted on the matter, “Which of the two men tlie Borough Council has elected will you hold ’ to have been wrongfully elected?” The Towii Clerk gave it up.

A runaway created considerable excitement in town last evening. A spring cart belonging to Air. A. R. Ramage was being •driven by a couple of small boys in Fox street-/ AVhataupoko, when the horse got beyond tlieir control and bolted down Ormond road across tho bridge and into Gladstone road as far as the Coronation hotel. Here, thanks to a plucky effort on the part of Constable AVales, tlie runaway was finally brought to a standstill. The occupants of tlie cart had a narrow escape from collision with a motor car on tlie AVhataupoko bridge, and if tho horse had not been pulled up in time it would probably have crashed into the City Band, who were performing at the end of Customhouse street prior to tho performance of tho Coons.

A stomach troublo lias been very prevalent among residents Pi tho town of late, and a “Times” reporter waited on a local medical man for tho purpose of endeavoring to discover the reason. The medico stated that the complaint was not plain colic —it was intestinal catarrh or enteritis, both of which disorders were related in a.degree to dysentery and British cholera. It could not be Mamed' on the new • water supply, though many people believed that was tho cause. Change of water would certainly tend to such troubles ; but tlie complaint at present going through the town was an epidemic peculiar to the time of year, and its severity was perhaps accentuated by the extreme humidity of the atmosphere, which, according to old residents, is greater this year than ever before.

An interesting consignment by the Zeabindia, arriving this morning from the South, is a largo hamper containing twelve carrier pigeons which are to tako part in a raco from Gisborne to Christchurch. They have been forwarded by the Christchurch Homing Pigeon Society, ■which lias arranged with a representative of the Times to receive them and liberate them at the appointed time. Providing the weather is not wet and unsuitnll’o the birds w;ill be despatched on their long journey at 4a jn. on Sunday. The birds will in all probability he magnificent specimens of tho carrier pigeon that have already proved Their mettle in shorter races. Those interested in these remarkable specimens of the feathered world can see thorn at this office any time to-day, and as the weather conditions are favorable it can be considered practically certain that they will he despatched at 4 to-morrow morning. Mr. Cuthbert Morse, Central Hairdressing Saloon wishes to notify the public of Gisborne and surroundings districts that 5 first-class barbers will be kept constantly going through the Christmas holidays. Mr. Morso has spared no expense in securing first-class tradesmen for his hairdressing saloon. where the ptiblic will receive every attention and civility. All cigars, tobacco, and cigarettes of the best brands kept in stoc'k.— Adv.

Xmas Bazaar. —A bewildering profusion of fancy goods, perfumery, E.P. ware, leather goods, etc., at our well-known keen cash, prices. A magnificent display at C. Rosie and Co.’s.