THE MIDLAND RAILWAY.
The Kawera Star throws some interesting .side-lights upon tliat huge piece of political extravagance known as the Midland Railway. The Star says that the Stout-Vogel-Ballanee Government floated into power in 188-1, mainly on a combination in Canterbury, Nelson and We-sitland in favour of the lino, and one of its first acts was to pass a statute offering further concessions to a company. As a result an English company was lured into a transaction which no one in the colony would enter upon. In conception and execution the Midland Railway scheme was one. of the most immoral .political transactions the colony was ever committed to. How the company lost all its (money, how the debenture holders lost part of theirs, how eventually they had to be to some extent reimbursed by the Treasury, and how the, Government seized the line and proceeded to sink money in it—all are matters of history. The action of the 1884 Government has always seemed to us one of the darkest blots on the political and party history of New Zealand.
Tllie Dominion is paying for it .now. and probably for halt* a centiiry to come -wall continue to pay the penalty.
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Wairarapa Age, Volume XXXII, Issue 10251, 30 May 1911, Page 4
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199THE MIDLAND RAILWAY. Wairarapa Age, Volume XXXII, Issue 10251, 30 May 1911, Page 4
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