Sir Julius Vogel and the Electric Light.

Manawatu Standard, Volume X, Issue 3, 11 May 1885, Page 3

Sir Julius Vogel and the Electric Light.

TEN GUINEAS A DAY AND ,61000 FOR EXPENSES.

The London correspondent of an Auckland paper writes as follows, under «iate March 2Gth. The numerous financial ventures with wliicli Sir Julius V»>«el is concerned have somehow ii knack of going wrong. Liist wet'k there was v stormy meetins; of tho ElKctrio Light Power and Storage Coin.p.iny, at which your Premier's name 'vas most <lwreß|«>clully luenlioncd. It seems when Sir Julius Yogel was starting for the colony he got tho directors of this Eleciric Li<rlit Company to holieve that he had iiini)«ii.^e influence m New Zchluihl, and could without any difficulty whatever form a number «»t* local companies, and sell concision* to them. In consideration of his carrying out this project, tho directors ajjreeil to pay him the mnnincient salary of/ten guineas per day, with «n extra ,£IOOO for oxpenves. Sir Julius was. as you are aware, not «> successful as anticipated. In vain he sang to the colonial ' speculator. Only one soli tavy company e«»uld l»e initiated, namely, the New ZmUmL and this it seein",instead ot'lienefittinyf its parent tht; Australasian, has l»t it m tor a loss of What specially riled tho sliareuoldeis the other day, however, was the discovery that the director* had continued to paj Vowel's salary long after his mission hail olivioH.sly proved a failure, thereby entailimr a fiuther loss of 4J4.255. To cap everything, Mr Ince, the solicitor to the Australasian Company, casually let out tlmt when Sir Julius .so kinilly utult?rtook to cany through the purchase of the Sellout Volckmnr accumulrttor for them for £5000, he had secretly stipulated with the*vendors for a commission of 10 per cent, for himself. tl 'Truth" animadverts strongly on. these disclosures, and Labby expresses himself paticularly gjaJ that your Pietnier has mustered up courage to, prosecute the New Zealand Times for quoting that nasty article from Money, 11 lor," nays he, "when such matters are brought into tt court of law we heal 1 intorreating details."