The Nelson Eveining Mail. TUESDAY, JULY 5, 1870.

Nelson Evening Mail, Volume V, Issue 196, 5 July 1870, Page 2

The Nelson Eveining Mail. TUESDAY, JULY 5, 1870.

Whether . or, not the resolution j)assiS3~afe last night's ioaeetiDg'is to w l lo<Jfcfed upon as expressive; of public ■ opinioa/Ninrcthe town is difficult to say ; it expressed "tye -' fopinfoja! ofjili^TO^jipg itself it is doubtfjui, for -sthexk ~,ou£!flf '.#p assemblage of some five^or sit hundred^ but ao^entyliboWi&ieiTi^^e'r^^wrd their votes for, and five or 'six against, the motion before. them r jt .WQttjljlr^em , as; though the general feeling: '--mm? on#-pf eat^lessnessas to ■4h&resait,.'*pi%eiwiMjWi rather believejhafrthe. meeting as a whole; was not ..^gi^ous! /of. e^p^ssiug any; opinion wKatey^r until they had had,au opportunity of #tudy4TC the-detaiis-of-the financial statein6n*i and, had ! a resjsiijition to that effect been, brought forward we cannot but thinkiijat r nearly,erar.y~,bandi in the room would /have beeb' held" ip :in its favor. As it ftas, the mover of the amendment and those who actively sup-; ported it, ou;^ thjß/one/ianti^w^h^d ftc| impress upon theii* hearers !tha£ .it^was premature: to pass a regolutipn, /condemnatory of certain proposals, -ofl the particulars of! which- they^ere^ig^o^nib, while, on the other, they urged the m, still in the absence . of. ): alL [: dfttails^ to express, approbation of , a . scheme, o£i ;the various ramifications of which they kne^ nothing. And they 'were supported by some seventy pr jeigbty of those;. present. In favor of the "proposed scheme ' s6me arguments pf a most extraordinary nature were adduced by Mr. H. D. Jackson/ one of them being that " to"x>bject to jet* would be to' say that we were -satisfied* *vrth the| present state of /thingsi" fßbsze Tis;uo| medium then between our circumstances as at present they ypuld .be wh g we were burdeneilwith im additional loan; of .ten mUHons.r . ..Tbis^ -M t.VJ >tbe least of it, >is extremely comforting* :and ii/ must be hlg"hly ; gratifying 'io 1 theiaxjpayees of New Zealand to fetel' '■■itiatftfakfioances of ths, .country jq^ j a muddle that the only^q'ssib^ ' which we, can gat.out o£^it: r is;fto:jfe(iimdw> borrow, borrowV'Witli.oiit /care, for the : '^uVe.'J,T:^FP r^tu^,^elyi ; however, we can hardly 0 look upon Mr[ i Jackson, as an authority^on these^atjers I for he is evidently a.gentlenrtun! who deals in extremes, as -was* instanced by hisi asserting that New Zea&udl was. capable of maintaining, its thirteen millions- /of ifa-l habitants.^ .^_. 0 / 'If this Wheme/hje carried ouVaS^pro-j posed, .the debt pf tie. co^onj v .at n^lie end of 10 years Vane. ! '^sey^feen millions,! the interest onNvhich, jat^o'per cent., wil^ amount to £85O;O0<5 f>er annum. The payment- frf 1 thii s -smii I '^il^7W.e fear, sadly interfere the , champing little 'prcture^s&tc^ed L by' of : the r fp.ij^ and manu£actui;ing-,'j^^ thei country, and it d£prives:tbef£cene of much 1 of its romance when- we consider that these* ideal farms and towns will, if ever th§y Should fesist,"be inhabitted^ ( b^^ppebf)le; grpund;down by a^axat^piijjft^pQga^ed with which our pcesent burdens; woultflbe.&merel bagatelle. It* cannot be- ft deniedi J irpweyer,j >th£t the scheme possesses ! 6ife r,;^fit <$jfs&.i a charm which appeals to our'mor%|c;ij^i feelings^ ahdas consequentlyothefliarejdifJ fiddlt-: to resist. It is this^fre^fitfe^Yd :sp'end ? .p)p,s|#^. r p^y—^ut'^rel^^ha- r to'•hoFeSjU^to'gause apa,£o^'^onsj^ptvgr^i^gr ■and seriously burdening. thosetiwlaj 1 are to follow: us witb so immense a load off \de\>t,^' wfiejtjier we' " are' at i!^fie;^ame^'^ej jprovi^ing-.them with m^fia-^\^^^i^ci meet the liabilities, .incurred )byi their .pre-! decessors. It is becausewe ;#?& doubtful; of this that we now' raise i'pftlr „V|)i^. agSins^l r'jthe Colonial! 'Trea^Ker'Srg^R^l^c^jßi^e,! which appears to/ns) to^be/tDO./greatjKtOD: magnificent, and too dariii^even Ibuy ,pbssessi^g'"sij[ch ; large;^re^'urces lo^; that, jn „whj chVwe'j)iYp r '.,.. j 'iiJk jj