OUR RAILWAYS.

Poverty Bay Standard, Volume III, Issue 218, 31 October 1874, Page 2

OUR RAILWAYS.

LETTERS TO THE BDITOB. Sir, —It is the direct duty of the advocates of this country —now being riddled with railways —to show clearly (if they know anything of the subject) how the returns are to pay the interest and provide a sinking fund for finally clearing off the capital borrowed ostensibly for their construction.

The often, but futile, attempt of the comparison between poor benighted New Zealand with Australia, and America, is adverted to only by parties quite ignorant of the resources and population of those countries ; nor will it longer suit to state that a continued supply of emigrants shall bo decoyed out here from their native homes, —on purpose to be taxed to pay for this mass of borrowed money, — and observe that the money, as soon as imported, is devoured by official salaries and Government political supporters. But the English money lenders, and intending emigrants, will soon find out the true state of this glaring bubble. I am aware that Mr. Brogden has got our Government completely on his finger points ; but he, too, will soon find the purse strings tighten, and drop the much vaunted public works. What then shall become of so many thousands of those whose only capital is their labor, if thrown out. of employment? I am indeed surprised that the people seem determined to so long hug their chains, by supporting the men who thus continue a system of wholesale spoliation by their political jugglery.—l am, &c., Earnest.