THE HON. MR VOGEL.

New Zealand Mail, Issue 16, 13 May 1871, Page 1

THE HON. MR VOGEL.

hat the Hon. Mr Vogel should haye ~joe n a s successful in London in nego- •, tfating the loan as in New York iff, arranging the postal service will only surprise those who hoped for failure in both cases. We have never anticipated anything but success. W T e had too great faith in onr resources to sympathise with those prophets of evil who predicted that the English capitalists would laugh at our proposals, and too great confidence iu the Hon. Mr Vogel to think that the reception he would receive would be such that “ he would never come back!” Of course those who still refuse to believe in the new postal, contract as published, will refuse to believe in his raising the loan as stated in our telegraphic columns. Surely the appearance of the Nevada in our harbor by the time these remarks will be read, will for ever dissipate all further doubts about the former, and the arrival of Mr Vogel by the next mail will set at rest all sinister forebodings as to the latter. The amount raised is, we believe, the portion of the loan the Government had agreed to negotiate for the present, and is quite irrespective of the guaranteed loan effected by Commissioners Featherston and Bell. Further details will doubtless be known in the course of the day. It is gratifying to note that, in spite of all the gloomy prognostications which were made by the Hon. J. C. Richmond and others, that the credit of New Zealand stands so high, and that even in spite of the loan her securities are rising, and are actually higher than when the financial statement was circulated in the London money market. So far then from the financial policy of the Government having had a ruinous effect, the very contrary is the case. The colony has therefore every reason to thank the Assembly for adopting that policy, and empowering the Government by legislative enactments to give full effect to it. The colony has also to thank the Colonial Treasurer for his energetic aotioD, and we are sure his brilliant success, both in America ayd Eyrope, will evolve expressions of

grateful regard from all true-hearted colonists from one end of New Zealand to the other.