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Oamaru Mail, Volume IV, Issue 1139, 9 December 1879, Page 2

Wc observe with astonishment that several :cf the Ministerial journals claim that the I financial statement of the present govern- : ment has eartsed a revival in New Zeabttd swu«ritie» in the Heme money n.arket. Tins ' asu»rtifi.f>tio.n i» InW «(»a the fact. as stated f>y a writer, thit th»r bt »tnw tnc : (toAmiMnl received by matt. dat»rd October. reported New Zealand I'M" !«ve per cents, at 1«>I «* '•* ■ , tostr ?"' 5 a half per eents. at W»' to S7, fly caMe. ; dated iSth November, six weak* Ufa.*, IS«w Zew.br.tt tO. 10 five per sent*. had lt)"i t>n the 'JfJth they had gone up to 102.3. On the 2Mb of November they had risen to (03. We are *Un toM hv tit.- same writer, the correspondent of th« iJaily Times, that "Mtru.itera claim that J»ew Aalan>t »(ei»en- ■ t tires have been very* favorably inßtiencud by the evistenee ©i the financial statctiwjnt a* t«> : the elasticity of oar resources. Th« r ". n«t the least show of reason for b-lievtng ; that the financial jiropos-als ot the Ministry have had the slightest effect up"« the hugtish money market in regard to oar «J«bentnrss. The ris« wast simply the result'>t a ; general activity in all Colonial dt'Wntiircs. ' Were any proof required of the fomctnivs ! »>( tmur statement, it might he found in the > ae*a rßw««fe»J hy «s yesterday to the effect ' that New Zealand four ami a hah' per cents, hatl receded tot>J. and five percent*. to 100. : These quotations arm somewhat Mow those (or similar «ev<ttritica frwru Victoria anil ; S>utft Australra. \\ herein, then, »;es tlits j renewed confidence? Jt is true tir,t t.:e ; tastte of the new five million loan ha* had a ; tie pressing effect upon our securities, _ but [ were the assumption raised hy tta Mmistry | *mi their supporters a correct one, the /all i «?«hl Est have lieen so marked. _ The whole of the .VOO.OOO loan is almost Xi as realised. Wc are, no cioiiht. mno i small decree indebted for the willingness with which the Bank of Kngland has undcri taken to float it, tothcindcfatwabilityot the Agent-General and his unremitting zeal ttt representing the Colony in its* proper light—- ' a not very easy task in these days ot pout tea. ! Emenbag and misrepresentation. " iioswr to whom honor is due. W fitiat I there are same features in the new railway ' tariff that we are dissatisfied with, there are other* the effect of which will be : eminently satisfactory tn tbe district One : *>i? tKc tor tfit* earriasre stone. t'»«ter taritT it cont Its Sd to convey a ton oS stoc« iroiu Totara tw rltrwtchwrcli. present tariff it costs only 13* lid. Hit*aiatemotu witl sorwty assist oar&tone ( ompiiny to push their indnstry. The Canterbury Preset, .i-, atron?,' a supporter as the Timara Herald of the present Government, gives the 'otlowing amongst u--« •— ,u AnckFi!itti» pewmber Mr. Hesketh Mr. Rnssell's sotifitor. writes to the HetaW stating that ?dr. Huwell s elan.. to the Aroha land «latesf hack to l&tJ, antl was aeknwwle*lge«l by the W iiitak«a* Atkinson Government. Tlic representations were repeatedly made to the last Goventrnent. htit onlv elicited al)ore aaknowledgement. and. when the present (iovcruaiei.t eanie into office, he hrottilht it itii'ier tiicti notice tn fall detail." Tiiia is one ot the I : many thinss» that Air. Knssell has attsmpted to accomplish as payment for the patronage, !he bcsrtowc»l tipon the •* W hitnker and | Atkinson Government," and we regret: that that party so far forget itselt as to promise compliance with a request involving so great a sacrifice ot property I tiiAt was not theirs. To those who i have doubted the trnthfnlncss of the assertions so often made that the colonial esrtate in the North Island had b<<en administered | /or the benefit of a few individuals, wc would say here is proof of what has so often been asserted that, coming from snch a sotaioi, cannot l>e doubtoi, Mr. Kuaaell «ys that he was to get 30,000 acres of the Te Aroha Kit ite as compensation for his withdrawal (r.-oi some land i:-1 which the Government w-erf inttrcs'.ed. j Tliose who are a«tnaiuted with the character the land purchase! by Government •lurinc' the reicn of the (»oveniii:ciit t;i titiestion. must acknowledge that nuiiiing was aufMiireti that coald compare with thati which Mr. Unwell w claiming. e are aware that the Lite Government, even had Mr. Russell really bceu entitled to what he fs claiming, would not hive been wiling to treat snch a political opponent with any consideration, but. whatever may have been their other faalta. it will survly be cnnectb-i that they treated Mr. Kuss<-ll a application in a manner that should be acceptable to the cft-rntrv. The Colony is not so wealthy that it can afford to give its land away in such large slices for the sake of keeping any Government in power. Mr. Russell s action will havo the effect of placing tlio-e whom | lt . jug befriended in a very difficult position, Wc think that, conaidcri-ig all that has already been done for bim, he might have allowed this one claim to drop.

It is or; ccted that Parliament will be prorogued on t'.ie 17th of this month.l We are plcaxd to ler.rn that the Horticultural Society's ::how cn Saturday was afl great a success Si: n f -d"y as it was from an exhibition point of view. Despite the unfavorable weather, V. . :re was a large attendance of the public, 'lie receipts at the door being, we are inforvctl, about 120. sum represents 400 vVtors. and this number of course doe 3 not include those who held meml>evs' tickets. If it had not been for the wet weather in the evening, the number would have been much larger. The Committee have every reason to tie pleased with the result of the spring show. A larger amount of interest has been taken in it than in nnv previous exhibition of _the kim., nid every evidence has been given that the general public can appreciate exhibition • . tin- kind. This fact augurs well for "...j future success of the Society. It is worthv of note that Sir Her- >."S Kol.in.wn. who fervently desired to !> : present at the Sydney International lix' lion, not only in response to the tinnni:.; v.:.': invitation of the jioople of that place, hut to gratify his wish to witness the success of the great scheme of which he wan the originator and hearty promoter, linn post[K>ned his departure thither until the close of the .vession. when he ho|ies to he able to leave the Colony without in any way jeopardising its interests by his absence. A rehearsal of the pieces to to he played on Monday evening next by the Oamaru Dramatic Club will be held at the Volunteer llall this evening, at eight o'clock. A slight error occurred in the prize-list of the horticultural show on Saturday. For lettuce in the amateurs class Mr. Clydesdale took the first prize and Mr. White the second. Mr. Hislop, who has been head clerk fin the General Manager's office in Dunedin, has lieen appointed Stationmastcr at l'alinerston. Professor Wallenburg, the occulist and aurist, who has l»cen the subject of such favorable notices in southern journals, arrived in Oamaru to-day, and took up his cpiarters at the Star and Garter Hotel, where he announces himself as prepared to receive patients. In the advertisement in another column are given two extracts from the Invercargill Times and News, containing particulars which point to his ability to treat of di-eases of the ear and eye. The Presbvterv of Oamaru will meet in St. Paul's ( iiurJli, Oamaru, on Wednesday (to-morrow), at 11.30 a.m. Mr. W. Crombic has been appointed Goods Manager in Dunedin, vice Mr. Norman, resitmed. . . "At tho Kesident Magistrate's Court this morning. William Knight, for allowing a horse to wander at large, was fined 3s, and Patrick M'Cusker, for permitting six cows to he at large in the public streets, was fined 1-3. Mr. Ritt, the Mormon elder, has made eight convert? to Monnonism in Dunedin. His success has been ao great and his reception so generous that two more oiiiun; of Mr. Hatt's persuasion will shortly visit the Colony to proselytise. Tnere arc in several directions satisfactory and substantial signs of returning vitality in our .commerce. The traffic on the main trunk line of the Middle Island, which fell off so appreciably since the beginning of the present year, is already reviving, and when the urain season opens there is every reason to believe that this portion of our railways will do more business than it has ever done since it was first opened. It is cheering to learn that business on the northern lines is even now greatly improving. There was a capital muster of volunteers at the Government inspection parade Inst evening, about ItiO of all ranks being present, with the two bands. After the inspection the battalion marched to Lewis' paddock beyond the Town Boundary, the hands playing spirited martial airs on the way out; and here we would suggest that in future, when marching, out the bands should play alternately, and not indulge in different melodies, set in different keys, at one and the same time, aa was the case last eveilThe excitement to the bandsmen engaged in such a blowing contest may be great, but the result is anything but pleasing to the public, whose ears are offended by Mich rude jinglings of what would otherwise hp sweet melodies. A hint to the wise should he sufficient. On the battalion arriving on the ground, the sham fight pieviottalv arranged took place. The Artillery ,7!id Citizen "Cadets formed the defending i, ;r , x . ; while the attacking party was coinposed of No. 1 Company. The mimic battle was well planned, tbottgh the movements of the defending force were greatly interfered with by the"public. of whom about IOuG were present, crowding too closely around them. An almost continuous fire was kept up I>v !>oth sides for nearly an hour, after which a return was made to town, everyone pretty well .«ati.»tied that he had done his duty.

'Hi-j Daily T:«nes says " Contrary to cxjit'ctation, the Public Works Statement iwa not delivered l.xst ir.ght. The intelligence rntivfl with to the new loan made ?••■...r.d important alterations n«ce<t#arY. ami the «!li' - ' - r.-< of the department were busily en;."n!!ed yrstcrday reconstructing the Statement, "which will probably bo delivered to-niuht. 1 'I his scarcely harmonises with a statement Hindu by the \\ ellington ewespnndent of the Timaru Herald ''That the prospects of obtaining the five millions ail! not make any difference in the public works proposals of the Government, but tliafc tiicy will e,\erciae rigid economy and caution, with the object of keeping as much of the money in hand a% possible." Unfortunately the Timaru Herald's statement is not likely to tic truthful.