The Wairarapa Daily. THURSDAY, APRIL 24, 1879.

Wairarapa Daily Times, Volume 2, Issue 142, 24 April 1879, Page 2

The Wairarapa Daily. THURSDAY, APRIL 24, 1879.

The Otago Daily Times lias affirmed the desirability of a new loan, Wliat colonist will not sympathise with the desire to borrow, that amiable weakness which'is more generally diffused' than any othersentimenttliroughout the length and breadth of the land. Will we not all borrow'! Will not a duck swim 1 Is not a hair from the dog that bit us just what we require to cure us? Is it not all nonsense talking about the Bank pressure 1 We have to go a step farther and find out what it is that is pressing the Bank. Is it the Government, or is it the London market? This we cannot say clearly; we arc not behind the scenes. But we have a sort of dim faith that a big loan would tend to relieve the screw that makes the Banks put on a pressure to get their own again, We have great pleasure in reproducing for the benefit of our. readers the sentiments of our contemporary, wlio sayslt is now certain the Land Fund must fall short by at least of the estimate, and although the increased receipts from the railways and-other sources are expected to go a good way towards making up the deficiency up to the end of June, the real significance of the falling off is that we can have no reliance on our Land Fund fpr the next 12 months; probably the receipts, if we are to take the December and March quarters as an index, will not be more than £400,000 in all. next year, instead of £1,200,000. and thus the foundation of the PVolic Works policy of last session partly breaks down, It is evident that we cannot construct railways out of the Land Fund until there are more buyers in the field, and it is manifestly wiser to resort to the London money market than to attempt to force off land when the demand lias slackened, and the monoy to purchase, it is not forthcoming. Of course a few months may see. a revival of the demand, which will necessarily follow when money becomes more plentiful; but in the meantime we could scarcely have a more favorable opportunity for resorting to the expedient of further borrowing. The extremely favorable result of both the Victorian and the Queensland loans recently raised in London, justifies us in believing that we could just now raise several millions on very satisfactory terms, especially as we can point to the eminently reproductive character of the expenditure we have already incurred for our railways, and the doubly good security afforded for any further expenditure in the way of railway extension, inasmuch as very large areas of valuable land, still in possession of the Crown, will be opened up by them, as pointed out by Mr Macandrew in his last Public Works Statement. Although' this land may not sell next year, or the year after, it will most certainly sell at high prices eventually, as the railways advance, and it is a most valuable asset to set against the expenditure. Jf to the considera tion that we can get money easily now we add another—namely, that at any moment the state of Europe may bol come such as to utterly disorganise the money market, we are convinced that every mercantile man must see, and the Government will surely not be blind to the fact that now is the time' for action, and that even the delay of .one or two months is dangerous. We have always regarded it as extremely, unfortunate that the Opposition, in the session before last, cut down the bor rowing powers asked for by the Government to an unsafe minimum, and we trust that no party in the House will be so iiupatriotic as again to make that mistake." We agree with our contemporary that the sooner Parliament meets the better. The sooner we understand what the present incongruous Ministry will do for us the better. The sooner it is swept away the better, if it is, as we shrewdly suspect it to be, too weak to carry us through a season of darkness and depression. Not but that there are men in it capable of strergtliening any Ministry which was worthily officered The question of borrowing several millions mil be raised by either the Government or the Opposition, and the cry will be extremely popular if things remain as they are much longer. We have been unduly elated by " loan" liquor for some years; now there's no " whiskey in the jar" and it is hard for us to knock off all at once. So the question whether the jar is to be filled again will have to be decided, and we venture to say that in all probability it will be filled again. Indeed, it must be! with an understanding that the liquor will not go quite so rapidly as on former occasions, and that the lesson which our present reverses are teaching us must not too soon be forgotten. Some few years ago we worked up a national debt of £10,000,000, at which we thought we could rest and be thankful, The Public Works scheme ran it up to £15,000,000, and when that margin was passed we said let it run on to £20,000,000, we will stop at that—twenty won't hurt us, We have now a profound conviction that we have passed the '.Rubicon again, and that £20,000,000 mil not now clear us, If so, we must draw a line somewhere; we must have some limit, We can no longer stick to that conveniently round number, £20,000,000, so let us conscientiously stop at £25,000,000, and borrow-up to that limit as speedily as possible. What is the use of posterity if we leave it- no national debt to finance, and what is our life good for now if we have no money to spend 1

F, H, Wood arid Co, sell on Wedues* day,- tlio 30tii instant, the household furniture of Mr Hathaway, Greytown. It is reported that there are excellent •prospects of a lucrative trade'in cattle and wool between Japan and Australia. . 1 Mr Crosse, Surgeon-dentist, announces that he will be at KibblewMteV Hotel today, .. Drßadgington, Auckland, accidentally cutoff one'of his fingers with a carving knife the other day. Mr Sadler, ex-polico magistrate at Tambo, Queensland, has been charged with embezzlement.

F. Benliam's (Christchureh) tender for L 10,353 for the Springfield contract of the Maivem extension has been accepted George Furnell, the railway porter who was injured whilst shunting trucks at Eangiora, on April 2nd, died in the Christchureh hospital. Mr Wordscll will bo brought up at the R.M. Court, Masterton, tins morning on a second charge of embezzlement preferred by Mr Mason, his late employer. On Saturday next Messrs lorns and Fergusson are instructed by MrD. Donald to sell, at Manaiit, 40 milch cows, 30 fat cattle, 40 stores, and ICO wethers. Mr Mansford sentenced a wife beater at Wellington to fourteen days' imprisonment, and declined ao allow proceedings against another to be withdrawn. A vagrant in Mount Eden Gaol, Auckland, named Chas. Spalding, has . been left heir to £IO,OOO by an uncle in England.

The Eev C. H. Spurgeon has published the first sermon of a 25th volume, having issued a sermon a week for 24 years, making 1450 in all.

One hundred blacks besieged a Chinaman's dwelling near Maytown, Queensland, for-six hours, One black was killed and 10 were wounded.

So popular has trout-fishing become in the Ohristchurch district, that during the season just ended 81 licenses wero issued by the Secretary of the Acclimatisation Society,

A public meeting at Invercargill, under the auspices of the Grand Lodge,! O.G.T. was addressed by Bros. Jago, Dr Roseby, Adams, and Cameron. The chair was taken by the Her. Mr Patterson. A meeting of the members and pro posed members of the Wairarapa Prospecting Association is convened for Saturday evening next in Mr Wyllie's office.. More than half of the shares are already taken up. An English exchange says the heaviest bullock heard of in Great Britain weighed 28c\vt, and took the first prize at Edinburgh in December, 1873. A New Zealand bullock turned the st ale at 39481b5, or 35cwt lqr. An Auckland publican named M'Cormick, has, after tlirse adjournments of the case, been fined for permitting gambling. One of the witnesses, brought by the police from Tavarua, was kept in the lockup till his memory improved,

Messrs lorns and Fergusson have received instructions from Messrs Krull and Mills to sell (under bill of sale) the whole of the stock-in-trade of Mr D. Blyth, storekeeper, of Masterton. The sale will be held on the premises on the 29th inst., at 2 p.m. The fellmongers' and tanners' employes state that the Stock Tax has thrown COO men ontof employment in Melbourne, beforo the tax there Aiere 17 felmongery yards in full work in the city, but now there arc only six or seven. It is intended to petition for a repeal of the tax. A Gazette notice proclaims that cockpheasants and Californian quail shall be open to bo limited, shot, taken, or killed, within the Counties of Wairarapa East and Wairarapa West, between tiio Ist May and the 31st July, 1879, both days inclusive, between the hours of sunrise and sunset.

Mrs Elizabrth Leopold died'in Granieteville, South Carolina, at the age of 107 years, Aroud her grave stood the only surviving son, a white-lmired, bent man of fourscore; a grandchild of fifty-six years, several great-granchildren over forty years of age, a number of great-great-grand-children more than twenty-five years old, and some toddlers, great-great-great-gran-children, liye generations in all.

We understand that an Amateur Dramatic Troupe is about to be formed at Greytown in connection with the Volunteers. Other attempts have been made previously, but they did not Succeed in appearing before the public; bu? we believe that the present one promises to succeed for a variety of reasons.

An Italian named Guiss has found some alluvial gold in a creek to the north of Masterton. He came into town to secure a supply of quicksilver, and has returned to his Golconcla with his mate to try his luck. There is no doubt about the presence of gold in the creek; the only question is whether it can be found in paying quantities. A grand German and Scandinavian ball is announced in our advertising columns to take place on May 2nd, at the Town Hall, Masterton, which will be appropriately decorated for. the occasion. A iirst-class band will be in attendance, and refreshments are to be provided by Mr J. E. Thompson, a combination which will go far to ensure success. At a tea meeting on Monday evening, held at Invercargill, the Rev W, Paterson, •chairman, said: Speaking as a Christian mitister, lie would say that it was the plain duty of every Christian to uphold the cause of total abstinence. He likened a man who was in the habit of drinking to a person who kept a swamp, breeding disease and endangering the lives of his fellows.

A suicide of rather extraordinary nature occurred at Hampden on Sunday night, The victim is an old settler in that locality named Peter Walker, He had been in a desponding state for some time, and on Sunday night he was missed, On Monday morning his hat was fonnd on the hanlc of the Kakia Creek, and, on dragging the stream, his body was found in a deep hole, with a bag containing half-a-hundredweight of stones tied round the neck. Deceased leaves a widow and family, As a specimen of the language used by gentlemen in the Parliament of New South Wales we cull the following from the Sydney Morning Herald's report of the Parliamentary proceedings in that Colony on a recent date"Mr, Hoskins: Haw, haw! Mr. M'Elhome; I'll make 'haw, haw! on the othei* side of your mouth before I have done with you. Mr. Hoskins: Is that right ? Mr Speaker (in a sickly voice). I really think the lion, member is out of order, Mr.M'Elhoine: I'll not submit to the jackass laugh of the lion, member. The speaker: The lion, gentleman is not in order in alluding to any lion., gentleman as a jackass—(Mr M'Elhonc: I said a jackass laugh)—or in saying any lion, gentleman is laughing like a jackass. The lion, gentleman should apologise to the House and withdraw the expression,"