The Oamaru Mail. WEDNESDAY, JULY 28, 1880.

Oamaru Mail, Volume IV, Issue 1319, 28 July 1880, Page 2

The Oamaru Mail. WEDNESDAY, JULY 28, 1880.

Tiib Otago shareholders: tba Tai'aaaki Iron Smelting Company will do jvell to bear in mind, that" diu-ing the clivis on on the second reading of the Bill l lesigfred' to hand 'oyer'sooo acres, of "land to the : Company, in fulfilment of a promise made. in ordei to induce the Company to concluai reljr test tlie value millions of tohs of said tliat"fringe tße shore of Taralaa&i, Mr" "Oliver walked' 'out and Mi-. Dick voted against the Bill;" What • does tliis"portendi That these two gent emen harve mgnstly sacrificed theinteiests of -those--who ha.ve invested 1 iargi: sums of money on the strength, of ;• an a greement that this land, should be' give 3. then?, fls $. .bonus,. Jt was a t mat er of importance -to the Colony that an attempt should te made tb esta jlisli such an industry • that, -yvhi ;h the Company"liad" in" the government evidently thought so - n tfaov inade' the "that; call :d the Company into existence. It is i urely" the" 'BeigHfc' /of'meaHnesS: fef tlie Governmient to repudiate this pro-; niisj, now that the Company pen led: -an. amsunt- •flopipiu'.ed -with which theJand in,.queßtlon willJbp-hut ' a't-ifle. That the..Company..has ..opt eiici :eeded is.no .excuse. If. such com- • 'pari tes. pould reckon ujion success the sys em of giving bonuses would never 1 have been called into existence. -The' ; fad that the. Company hgs expended a far larger amount than that which "was • -iicc essary to render their claim to the lan i valid, is surely evidence that they - we: ein earnest, ■ This is- the lightjin. which the matter is viewed 'by all reasonable men. Mi'. Ballance, Mr. , Macandi'ew,. and- Mr. , Coiighta battle weil in the interests of faii;p]X"" The Taranaki members seenr to* thrnk" that there is no reason-, why• sueh a promise shonW -not- -be broken, --ifpossible. Many thousands, of. pounds, hare been expended jn Taranaki by the Company... _ This . expenditure, of" . southernlcajntal has beenH god-send to sti i-ying Taranaki, and Bo long as it was pr iceeding, and likely to proceed, its pe>ple_were thankful; but, nowjthat is known that tlie coui-ageoiis expefimi ;nt born of southern pluck and - -capiialjias. proved gbortivfej-the repre ; se itatives of the district and others of it; people are jealous of --the «\ellsq/ueSzed sotithei-ners ; getting a. scj paltry in return-for their-losses. ' To oj posfi. "ihe : BiW ;;w'as > the ■ essence of meanness, and,-ifihe;people of I)un- .|( i a a re alive to their own interests — : if they are sharp _to t resent a grass, in-, -jc slice sought to. Ie -perpetuated upon tlem bytheir -own representatives at tl e instigation of l Taranaki and the -Government —they will assert, thfim"se Ives -when the proper time Strives: $