THE Wairarapa Age MORNING DAILY. THURSDAY, JULY 13, 1907. BRITISH CREDIT.

Wairarapa Age, Volume XXX, Issue 8489, 18 July 1907, Page 4

THE Wairarapa Age MORNING DAILY. THURSDAY, JULY 13, 1907. BRITISH CREDIT.

What is the explanation of the decline in British credit? aaks the London Daily Mail. In an important interview which has appeared in the Pall Mall Gazette, Lord Rothschild attributes the fall in consols to the fear of Socialism, which always means, it should be remembered, bad finance. We may or may not agree with him, the Mail goes on to say, yet it is impossible to deny that the investor is a timid person, and that, when predatory legislation is in the air, he is apt to lose confidence. At meetings of Trust companies and on the Stock Exchange it has been said openly that the investor is transferring his investments from England abroad. If this were true, it would account for the fall in British credit. Such a state of affairs would be deeply regrettable from every point of view, and even Socialists of the extremest type ought to see that it could only work mischief to the labouring population. It can never be wise "to kill the goose that lays the golden eggs," and it is a question whether the present high rate of income tax and death duties, with the menace of old-age pensions, and still higher taxes in the not-distant future, has not discouraged the efforts of the thrifty to save. The heavy fall which has occurred in American railway shares as the result of President Roosevelt's well-meant campaign against the predatory financier has been equally heart-breaking to the small American capitalist, while at the same time Frenchmen are apprehensive of the Income Tax Bill which the present French Government has introduced. If capital becomes scarce, interest must everywhere rise and all securities must fall. The aim of wise Governments should be to restore the investor's confidence, and make it clear to him that he has nothing to fear from ill-thought-out efforts to create a new heaven and a new earth by the simple but suicidal process of attacking property.

The Eketahuna County Council is considering the advisability of purchasing a road grader. It is stated that the Totara Reserve at Nireaha will be thrown open for settlement on September 30th at upset prices ranging from £8 to £ll. The annual general meeting of the members of the Master ton A. and P. Association wiil be held in the Exchange Buildings at 2 o'clock on Saturday, July 29th. Cropping is to be done on a somewhat large scale at Tiraumea this year. Preparations are under way for ploughing 1,009 acres which is to be put into oats. At the Masterton Police Couz-t, yesterday morning, before Mr T. Wagg, J.P., a first offender was fined five shillings, in default 24 hours' imprisonment, for having been drunk. A Press Association telegram from Christchurch states that the police have received information from Waiau that a man named Chas. Ogle was burnt to death, on Tuesday night, at Glen Wye station. "It is an extravagant hospital; it covers a lut of ground, and has a number of unnecessary walls," said an Eketahuna delegate when referring to the new Masterton Hospital at the meeting of the Wairarapa District Hospital Board yesterday. The Matron of the Masterton Hospital reported to the meeting of the Trustees, yesterday, that there were eight patients in the Hospital on the day on which the last meeting was held; fifteen had since been admitted, eight had been discharged, I leaving fifteen at present under treatment. The lease of a large Education reserve in the Alfred ton district expires shortly, and it is believed that the Commissioners will sub-divide it for close settlement. There is, states the Eketahuna Express, a probability of the Government acquiring an estate in the same locality for subdivision. Another scalding accident occurred at Whakarewarewa after ten o'clock on Tuesday night. A woman named Ellen Heretanga, while returning from a bath stepped into a hot pool near a large cooking pool in the native reserve. This pool rises and falls and fortunately the water was low at the time. Still the woman was badly scalded on the left leg. An election to fill the extraordinary vacancy, in the Grey town Borough Council was held, yesterdaj',"resulting in the return of Mr Rees. who polled 59 votes. His opponent, Mr O'Connor, polled 39 votes. There was one informal vote. That very little interest was taken in the contest is evidenced by the fact that only 99 votes were recorded out of a roll of 300.

Misses Whitcombe, of the Arcadia tea rooms, Masterton, have generously agreed to donate towards the funds of the benefit being arranged for Mr J. K. Blinkhorng the takings of their tea-rooms this afternoon. A committee of ladies will assist them, and all those who have promised contributions in the way of refreshments are requested to send them along to the Arcadia tea rooms not later than 10 a.m. to-day. The man who keeps horses is having a bad time now, owing to the high price of fodder. On the human family a rise in one or two commodities need not press very heavily, for if the price of, say, oatmeal or potatoes goes up with a jump it is possible for the householder to put some other article of diet on his table. In feeding horses, however, the choice is restricted. A suburban coal dealer, says a Dunedin paper, states that the average cost at this time of the year for oats is from Is 8d to Is lOd per bushel, and for chaff he usually pays £3 10s a ton. This winter he is buying oats at 3s 3d a bushel, and cannot get good chaff for less than £& a ton. The following nominations have been received for the various offices of the Masterton Racing Club:—President, Mr C. F. Vallance; VicePresidents, Messsrs J. Macara, D. McLachlan, C. A. Pownall and A. G. Pilmer;<Timekeeper, Mr W. D. Watson ; Clerk of Course, Mr C. J. Bennett; Treasurer, Mr C. F. Vallance; Stewards, Messrs R. Buick, D. Caselberg, W. Cooper, J. Cress, J. lorns, W. lorns W. Piatt, A. Reside, C. H. Smith, W. D. Watson, A. J. Welch, and 0. C. Cooper; Auditors, Messrs G. G. Cork, G. W. Sellar and C. A. Tabateau. The last-named office is the only one in which it will be necessary to take a ballot. The annual meeting of members of the Club will be held on August Ist, at 2.30 p.m. A large and thoroughly representative meeting of gentlemen connected with St. Matthew's Church was held, last night, in connection with the proposal to build a new church on the site recently acquired in Church Street. The project was taken up with a great amount of enthusiasm. An effort is to be made to build a structure dignified in design and worthy of its object. After a full discussion of the matter, a resolution was passed "that the parishioners of St. Matthew's take steps towards the erection of a new church." On the motion of Mr W. G. Beard, seconded by Mr A. H". Wrightson, it was resolved to appoint a sub-com-mittee, consisting of Messrs W. B. Chennells, W. il. L. Galwey, W. H. Jackson, C. A. Tabuteau, and W. G. IJeard to present a full report regarding the project and its financing to a meeting of parishioners on August 14th. Til?. BEST S^PA^ATOU. Exp*iieiico;l (htiryni-.-n, ftf'er trying the Baltic; Cream Kfpß.-v.ir.or, certify that thii up-to tli-tt-nnchine 13 "ml just as goo-V but is B'iperijr to nv.j other they hive used. The opini m cf (he man who u~es it to mate hvi Jiving is the only evidence worth con-idei'i'lbn. Jiv E, Benefield, of Kent Uoid.Tarar.aki, writes:— "I have much plta-rivc-i'i statu:;; thai the Baltic B. 15 of 100 (iflkn ! p' r hour. \z giving me great satirf.vei-iop. I hup other machines, but ii: el the Baltic lhe best I have over us-:d ; ' ; n f.ier, I ciir.iiot H-:eal; t'.o highly of it." ?,lucK'.vim mid Co., Ltd., Sole Agcuf.', U-S.S-V Co.';. Buiidin<(S, Wellington. Fo'- (.'iiiidren'.-j Hacking Cough at ui;;ht Wood.;' Great Peppermint Cure. Is ini

An Auckland Press Association telegram announces the death of Mrs Hannah, widow of the late Mr John Hannah, at the age of 89 years. Mrs Hannah was one of the earliest colonists, having arrived at Auckland with her husband in the ship Duchess of Argyle. in 1842. A Wellington Press Association telegram states that the Empire Boxmaking Company's Factory in Adelaide Road was destroyed by fire last night. The Mantlepiece Works adjoining were scorched. The premises destroyed were full of inflammable material including a large stock of cardboard boxes. The death of Mr John Young, formerly secretary of the Auck land Chamber of Commerce, ,fs announced. The deceased was 87 years of age, and a native of England. He lived in the reign of George IV., saw William IV. crowned, and also Queen Victoria, and finally was a subject of Edward VII.

The Town Clerk wrote to the meeting of the Masterton Hospital Trustees, yesterday, stating that the Borough Council could not see its way to undertake the maintenance of the water service to the hospital, and requesting payment of the cost of laying the mains to the hospital. The Trustees decided to adhere to their former resolution not to pay the account unless the Council guaranteed to maintain the service. In connection with the new Y.M.C.A. Building being erected in Willis Street, Wellington, Mr H. Holmes, in a lecture in the Wellington Town Hall on Tuesday evening, gave the following figures:—Vaiue of site (Mrs Williams' gift) £6,000, contract price of building, £13,000, extras, £I,OOO furnishing, £2,000., The building campaign resulted in the promise of £IO,OOO, which leaves £6,000 still to be raised. An Auckland Press Association telegram states that the fishing boat j Zealandia has been lost, with Alfred Chapman and Rowley O'Brien, members of the crew, between Coromandel and Cabbage Bay. The missing vessel was seen by two other boats, but was lost sight of in the mist. Wreckage has since been washed ashore in Amodes Bay. Both men are well known. Chapman leaves a widow and five children. O'Brien was a single man. At a meeting of the Auckland Hospital Board, yesterday, the medical , officer of the dispensary reported that 47 new cases had been dealt with during the past fortnight. These were principally measles, of which there had been a widespread epidemic. Although this was such an infectious disease—on a par with scarlatina and smallpox—the Government would not acknowledge it as notifiable. There had been many serious cases, especially amongst the mothers of families. Whooping cough was also prevalent. Officers were elected as follows at the annual conference of Acclimatisation Societies at Wellington yesterday:—President: Mr L. Tripp, Wellington. Vice-President: Mr C. A. Fitzroy, Hawke's Bay. Council: Messrs R. Chisholm and R. Forrest, Otago; Dr. Lewis and E. W. Pegton, Auckland; E. N, Liffiton, Wanganui; W. Symes. M.H.R., Taranaki; J. Rutherford, South Canterbury; Dr. Moorhouse, Canterbury; Hon. Mr Feldwick, M.L.C., Southland; A. J. Rutherford and Dr. Faulke, Wellington. Treasurer: Mr L. G. Reid, Wellington. Secretary: Mr N. von Sturmer, Wellington. Auditor, Mr G. B. Hull. The New Zealand Herald reports that Whakarewarewa continues to be the centre of attraction at Rotorua, all the geysers and pools being in a very agitated state. On Saturday week Pohutu gave one display, the eruption lasting for' an hour and five minutes. On the Sunday the same geyser gave two fine exhibitions, the first occupying an hour and five minutes and the second an hoar and twenty-two minutes. On Monday it erupted twice, the display on ea;h •occasion being exceedingly good, the water being sent to a height of 70ft. The first eruption continued for an hour and a half, and the second for twenty minutes. On Tuesday Pohutu gave one display, which lasted for forty-seven minutes. Should the present arrangement and quantities of rations supplied to destitute persons on the books be maintained? was the question which exercised the minds of the Wellington Benevolent Trustees at a meeting on Tuesday. It appeared that they had been considering this problem for some time, and reports had been submitted by thestoreman, the secretary, and master and the chairman. During the discussion, Mr David Robertson and the Rev. W. A. Evans, who are veteran trustees, agreed that the present beard scarcely knew what complaints were. A few years ago, under the old regime, it was a frequent occurrence for complaints about the rations to be made by recipients. Trustees ware informed that applicants thought the allowances of tea and sugar were not liberal. Ultimately, it was resolved that the rations should remain as at present, but that a slight increase in the quantities of tea and sjgar should be allowed. The rations allowed per person at present are — lib bread, lib potatoes, Boz meat, ljoz sugar, and Joz tea. These rations, said the secretary, cost about 2s o|d per head—"really," he added, "Is 9d nett." The Celebrity op Sander and Soxs Pcre Volatile Eucalypti Extract is universally acknowledged. Royalty honours it, and the entiro medical profession has adopted its use. Imitations sprang up without iHiiubfr. The latest of them—as styled " Kxtracts "—was oil foisted upon the trusting and unwary under the grossest I misuse of Bander ahd Son 3' reputation. Sander and Sons ir-sii'iitcd an action at the Supreme Court of Victoria, before His Honour Chief Justice Sir J. Madden, K.C.M.G., etc., and at lh<3 trial a s r .vorn witness testified that ho had to stop the use of counterfeits on account of the irritation produced. This ehowa what earo is required to obtain an article that is scientifically tested and approved of. As such is surely endorsed and rem v.:n:nded the ! GKNUJNB SANDER AN!) SONS' J'UBE VOLATILE EUCALYPTI IiXTIWCT. Wood's -Omt Cure for Coughs and Cold: never fails, la Gd and 2i (id.

An indication of the mildness of the weather in Featherston at the • present time is that wattle trees in many instances are in bloom. At the Wellington Magistrate's Court, yesterday, a man named James. Rowen, who was arrested at Sydney, was committed for trial on a charge of quitting New Zealand and tailing with him part of his property whilst being an undischarged, bankrupt.— Association. Some months ago it was stated that what was believed to be a Watteau painting had been unearthed in Dunedin. Now there has been discovered in the vicinity of Sydney what a wellknown artist of that city describes as the works of two great masters —a genuine Titian and a portrait of the great Vandyck painted by himself. The history of the paintings shows that both have been in Sydney for over a hundred years. Herr Mauser, of Oberndorf, in Wurtemburg, the well-known rifle manufacturer, has invented an improved mechanism for his repeating rifle. The new repeater works automatically. As soon as a shot is fired, the gun loads itself from the cartridgej|chamber. Herr Mauser claims that his new rifle is bound to be utilised by all the modern armies, and there is every probability of its being adopted by the German Army. The ladies division [of the Masterton branch of the St. John's Ambulance Association held its weekly meeting, last evening. There was an attendance of twenty-six pupils. Dr. Archer Hosking address on "The Nervous System," and practical demonstration was given in the bandaging of wounds, the subjects being Masters John Pinhey and Ken. Braddock. The class has now its full membership. The examinations will take place about the end of August. The arrangements for afternoon tea on the Showgrounds, this afternoon, during the course of the costume football match in aid of Mr J. K. Blinkhorne and family, will be in the hands of a number of ladies who have volunteered their services. The proceeds derived from the afternoon tea will be devoted to the fund for which the match is being played. It is requested that persons who intend to donate edibles, etc., for the afternoon tea will send them to the Showgrounds as early as possible this afternoon. The Y.M.C. A. Literary and Debating Society met, last evening, the subject for discussion being Freetrade v. Protection. There were present Messrs Donald, Kemp, Brassell,*Billington, Fielding, Rees, Hendry, Parton, Hebenton, and Joy. The respective leaders were Messrs Kemp and Brassell. On a vote being taken,-the meeting decided in favour £of Universal Freetrade by eleven votes to four, and Protection in New Zealand by nine votes to six. Mr s Kemp was awarded the debate on merits by eight votes to five. His Majesty the King has approved of the granting of honorary distinctions in respect to service in the BoerWar to twenty-five battalions of infantry and mounted rifles in New Zealand.ijThree battalions of mounted' rifles—First Wellington (West Coast) First North Canterbury and First Otago—have been granted the honour"South Africa, 1899-1902." Amongst those which receive the honour for shorter periods of service are the second Wellington (Wairarapa) Mounted Rifles, 1900-2, the Third-. (Manawatu), and the Fourth (East Coast), 1902; the First Wellington, Rifles, 1901-2: the Second Wellington (West Coast), and Third Wellington Rifles (East Coast) 1900-2. Mr W. H. Cruickshank has a tearoom and confectionery business forsale. An advertiser has a vacancy for a young man as boarder in private family. Messrs Gillespie and Co. have vacancies for an experienced bullockdriver and a station cook. The New Zealand Railways Department advertise excursion fares and a special time-table in connection with the Wellington race meeting. The retiring sale now being conducted by Mr H. A. Wheleh is still returning satisfactory results. A number of special bargains are advertised in the Wanted column. ProfessorLson, phrenologist, palmist and clairvoyant, announces that he may be consulted at Mrs Remingj ton's boarding house, Bannister - Street.

A special furniture sale is to beheld at the Masterton Auction Mart, on Saturday, when Mr J. R. Nicol. will sell, on account of Mr Bagley, who has left Masterton, the whole of his well-selected and nearly new furniture. Further particulars will be advertised to-morrow, and there will be a gaslight display of furniture at the mart on Friday evening. Those who are well posted as to the • best means of relieving pain and curing, sores, wounds ot burns, always use Chamberlain's Pain Balm. They insist there is. nothing like it. For sale by all dealers. Death Bate Decreased. The "Chicago Tirbune," in a recent article on what medical science has been able to accomplish for the benfitof human ity, drew particular attention to the one great fact that stands pre-eminent in the light of reliable statistics, viz , that the deathrate of the world has, through its agency, been positively decreased. Gii£ .. of the chief factors in this decrease is flhfes- < marvellous success which is nowadays attained in the treatment of that fata type of disease claoaified under thl heading of "Lung Troubles." Tha is accomplished by the us 9 h Dr. Sheldon's New Discovery fof Coughs Cold 3 and Consumption. Modeor medicine can point to no more marvellorn achievement lhah the perfecting of thu grand, unfailing, specific cure, which cas be relied on to save the lives of ais who take it in time. Guaranteed to curl or money back. Price Is 6d and 3s. Ob tainable at H. E. Eton, Chemist, Masterton To cure rheumatism, gout, sciatica or lumbago you must treat the blood. The bsst remedy is Eheumo, which has cured thousands of sufferers. From all dealers and chemists at 2s 6d and 4s Gd. Give it a fair trial. Footballers. After the match is won or lost, try Dr. Sheldon's Magnetic Liniment for all bruises and strains. It will make you fit for jour next struggle. Obtainable at H." E, Eton, Chemist, Masterton.