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Hawke's Bay Times, Volume 14, Issue 701, 19 July 1869, Page 2

THE annual local mating of the New Zealand Loan and Mer» autile Agency Company will be held at the office of the Company, in Auckland, at noon on Wed. nesclay, 28th July. Gotdat Rangitikel—The Wanganni Chronicle says that tlu prospectors have now got coin Sort ably housed for thy winter m the skirts of the Ruahine Range, and entertain sanguine hopes of success rewarding their search for gold. Postal Reqctikements. —The Invercargill Chamber of Commerce has passed a resolution, affirming that the colony requires at least two postal arrangements, connecting New Zealand with the English mail via Suez, and that Bluff Harbour should be the first port of arrival, and last of departure, in one instance, and that the other should connect Auckland with Sy ney. Mails could bo arranged (sajj the resolution) to be carried as formerly by payment of a small bonus, which would save the costly direct services. TnE Late William Penx.—lt is proposed in Philade phia (says the Chicago Tribune) to bring the remains of William Penn from Jtngland to Pennsylvania, and to erect a monument over them. The/ were buried in a leaden collin, and their Transportation to America will not hi difficult. I here would be a peculiar propriety in doing this, as the chief fame of Penn rests on his founding the colony that bears his name —now the second State-in the Union—and the just government h« iusti'.uted and administered therein.

What becomes of Wealth.—A bootj mid shoo dealer, for instance, lias hangi {I in his shop a pair of boots worth 25 shilj lings. They constitute a portion of his wealth, and a porliou of the wealth of tin world. A man buys theui and begins Ml wear them ; by friction against the paw incuts little paruc.es of the leather art rubbed off, and thus separated froui M rest of the sole. Every particle that is thm removed takes out a potion of the valued the boots, and when the boots are eutiwfl worn out, the 25 shillings of wealth vviiich they formed is consumed. The wliM corn, &c , which was grown by our faring last )ear is being eaun up. JNo partwM matter is destiojed by this process, W the value which was in the grain is wj stroyed. As, while man are wearing w o otinng and eating up food, thej a«W sily employed in producing wealth oi souti kind, the wealth of the world is not usuall, diminished by this consumption, •>»" \ cliauged. Tins applies, however, only \ personal property j city building gr uUU ! a d farms generally retain their value, M the personal property is in a state ot pctual destitution and renewal. As tfj several particles of water whioii constuw a river are for ever rolling away to jf ocean, while their places are teing aupp from the springs and fountains, »o i moveable wealth of the world is constant being consumed to gratify humaii wa» and constantly being renewed by tlwfl* leas activity of human industry. jj