PATEA COUNTY MAIL PUBLISHED Tuesday, Thursday, and Saturday. THURSDAY, MAY 12, 1881. RAILWAY HELP.
We have reason to believe that Government have not yet come to a joint decision on the desirability of encouraging private companies to build railways on the American principle of granting land along the line. Experience in other colonies shows that a new country can be opened to settlement more rapidly and judiciously by encouraging private railway speculation, than by borrowing in the name of the State and then dividing the money according to the ratio of political support, or according to the success of combined log-rolling. The New Zealand system must be held to have failed in doing justice all round. The test of the ultimate success of a railway is best determined by individuals who have to risk money in it. Being so far committed to the State system in this colony, the least objectionable course now is to complete the main lines coastwise, leaving interior lines to be made by private enterprise, assisted, by grants of land in unopened districts, or by moderate guarantees in districts where a railway would be likely to pay at least a minimum interest.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/PATM18810512.2.3
Bibliographic details
Patea Mail, 12 May 1881, Page 2
Word Count
196PATEA COUNTY MAIL PUBLISHED Tuesday, Thursday, and Saturday. THURSDAY, MAY 12, 1881. RAILWAY HELP. Patea Mail, 12 May 1881, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in