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New Zealand Times, Volume XXXII, Issue 5018, 24 April 1877, Page 2

In Its attack Upon nis Excellency the Governor the Otago Guardian has received congenial assistance. Mr. Robert Stout, M.H.E., has come to its assistance, and, as will be seen by a telegram, has quietly settled that the Marquis of Normanby's conduct as Governor has been most blameable. Unfortunately the member for Dnnedin gives no greater proof of his assertion than the mere dictum of Mr. Eobert Stout, and, as a consequence, 'those who know that Mr. Stout's fervid faith always believes in the truth of whatever he wishes to be true will be inclined to differ from him. Mr. Stout alleges that tha Marquis of Normanby showed a strong party bias against provincialism. Now the real truth is that the Governor simply declined to show a strong bias in favor of provincialism, and declined at the bidding of Sir George Grey, Macandrew, Stout, and Co. to interfere with the wishes of the-majority of the Parliament and people'of NewZealaud. For this reason, lie in common with many other reasonable men, incurred the dislike of those whose fanaticism saw injustice in all who would not aid them in their wild and destructive plans. That is exactly the state of affairs.as between, politicians of the Stout stamp and his Kxcellency, and such, we are assured on excellent authority, is recognised fully in Otago and Dunedin, where the foolish assertions and insults of Mr. Stout and the Otago Guardian in reference to the Marquis of Normanby have earned for them the disgust even of the party they professed to range themselves with.

TnERE was a native meeting lately at Omahu. That ..Unprejudiced and reliable journal Tc Wananga is publishing a report of what took place at the meeting, in bits. Of course a good deal of praise of Sir George Grey and Mr. Sheehan is reported. This praise, however, frequently comes from sources not very creditable to its: recipients, who we may presume would be furious if their loyalty were questioned.' Thus we find it reported—" Takarangi said :Do not let us be' weary. Yesterday we were engaged in concluding the work begun at Pakowhai. The member I will vote for is Karaitiana, also, I will maintain the newspaper Tc Wananga. And I will rely in Mr. Sheehan as my lawyer. I, this man, therefore, have three members to do my work, And as Sir D. McLean is dead, let his policy also expire. And let him and his policy be both buried. I 'now wish to speak on the matter of Sir J. Vogel, and see what he has accomplished for New Zealand. I wish to see what he has dona for me and my Maori rights. The uiana of the Governor and the Queen have ceased to exist. Let the name Governor and Queen be'east off mo, there is not any portion of it or> me."

It is no wonder that the disturbed state of Europe has had no effect upon colonial stocks. Attention has been frequently drawn to the fact that the manner in which certain European and other foreign Btates have swindled their creditors ha< naturally turned the attention of investors to the colonies. More especially so has this been the case with regard to those who, owning a limited capital, could not livo on the interest obtainable by investment in British stocks. To show how foreign bondholders have been swindled, we may point to a document quoted in tho money article of the World, which shows that the total loss sustained by reason of loans contracted in Europe on behalf of foreign states amounts to the enormous sum of nearly five hundred and forty-six- millions Bterling, of which £152,844,844 attach to Spain.