The Manawatu Standard Suivant la Verite. (PUBLISHED DAILY.) SATURDAY, OCTOBER 27, 1883. TIMES OF DEPRESSION.

Manawatu Standard, Volume 4, Issue 278, 27 October 1883, Page 2

Manawatu Standard Suivant la Verite. (PUBLISHED DAILY.) SATURDAY, OCTOBER 27, 1883. TIMES OF DEPRESSION.

r Swekt atejnetuses,of adyersity"isii; metaphdr An&i muchpracticaltfuth^ih it», |&r-timQ of prospiSrity 'people be- / come -extravagant; improvident, , and loose in their transactions^ -jand; appar-i 'ently^' imagine that all . is gold that glitters, and ithat there' will be no ebb'' to the tide of prosperity ,£or : the time Ibein^' flowing , towards .jthem.; Eventually, the reaction must set in, and the period of tfotiVi^be foliowed tji one of stagnations l TKen comes the difficulty 'of suddenly "red^irig expenses, and making 'ten go as, teas; a . pbiujd dicl before. It is generally the working classes who are most prbtte' to forget themselves when times are abnormally good, and to incur liabilities that proye ruinous by and bye, ■ jThey «eenl not' to be i& re^lijse that a diierence 6f • two or three shillings' a day in the rate c$ wages, ; pr ; of . being two or three days in a week without employment, seriously interferes with their 'plans for the repayment of advances obtained when things were better. , They have by degrees become impatient of a slow and gradual scale .of improvement in their^Osition, winch is in accorclance With s6uhd principles, . ai^d.hav* become ijnbued with a desire to acquire hastily. In some cases the (result' of check (Jaused b^tard times; will be advantageotis,, in teaohing them E mi)der^tion^se^f>re^XLce, and fugality.; ; o'tlierß ? again, will rush bn^as before till .the end o€the tethei^is finally^reached, and they 1 find theirtselves fade to face mtt the Insolvency Court, and all tMr dreams of wealth and " pastle^ in .theajr^ arft rudely shattered Still, ; by the great|li^ of th,e people, the truthful application of the metaphor quoted abbye v will v l«;eaijdidly aoknowledged.; Drepressibn!:, triesv <a .man morally as well as financially, and he who gains no after .experience will be no better for whathe has gone through, and will be liable to pay the penalty at spmp future. time. liiManawatucomniepoial depression has' been, a^d/M is being, keenlj fjejt, hut fehe cloud will s'bpri pass 'away,' and I 'prosperity will again smile on the land. NT&a few will have deplored the result of ciisja. to themsel vejs and t t)ieir bat the ultimate benefit, in'increased carefulness, frugality, 'and providence im~tb>~j^Hf the population, should be -apparent to the material ,ap>antagftof :,the^community, ajk larg^ in time to come. ,