The Wairarapa Daily.

Wairarapa Daily Times, Volume 3, Issue 833, 30 July 1881, Page 2

The Wairarapa Daily.

SATURDAY, ,/Ulrf 30, 1881. '—^» —.—_ The reaction in the mpney market of ! New Zealand consequent upon the panic of tp years ago is becoming every .day more marked. Bates charged by lenders fyaye gradually fallen from 12 to 7 per cenjb, and tjie minimum still remains to be readied. First class security for advances and large margins for mortgages have however, been hitherto the only conditions on which money could be borrowed even at full entrant rates, but there are not wanting signs that even these conditions will for the future be very much modified. All the Banks have more money in hand than they can use, and to maintain their dividends they must find an outlet for it. Consequently, instead of limiting advances to the immediate requirements of customers, they will encourage their clients to do a little speculative business. We do not suppose that the lesson of 1879 will for another year or two be altogether forgone;). Gradually, however, it is pretty certain to cease. JlO become a bugbear to traders, and for some years to come we heed not expect. Banks at any rate to overtrade. Now that the panic year is a thing of the past, it is evident that even our Banking corporations suffered a permanent injury by the rapid contraction of advances yhiolj tjfey were compelled to resprt tQ, In the panic year tliey were obligee) to refuse business of a legitimate character, and many private companies slipped into th,e gap, and gave • the accomodation which tjje banks were compelled to refuse, In this way the Banks in the colony lost slices of their ordinary business, and now they will have to cast about to find employment for their spare capital, In such a favorable state Qf the money market the colony ought to make ripid progress. There is nq\y eveiy encouragement for industrial enterprise, whether it be in the direction of settling land, or extending trade, and agrioulture. Almost our only drawback, is the dlsorgtu nise state of the House of Represent tive, which will probably result in suspending local public works, to a large extent from one end of the colony to the of-hor, In the coming spring half the counties in the colony should be busily engaged opening up and settling outlying districts, If the House woujd only agree to pass the Local Government Bills before then, in some definite form or other, the end of the session would be the signal for active operations on the part of Counties and .Road Boards, With so much money lying idle in the colony, this is not the time to stand with folded - arms while M.H.'fi.'s wrangle.

a coitKKSPONDBKr in In ther couuin! draws atkminii iV the face that there woa an infwmnli y in the lata election for the'Giirroctuti Ridin<! whiehvitiatea.it. As far as w; can judge,nur correspondent ! is correct in the conclusion to which he has arrived. We hope to see at the next meeting of the Council, the question discussed with a view to remove Mr Armstrong's return from the doubtful position it now occupies. Mr Armstrong must he regarded us virtually the member for the riding and it is the duty of the Council as far as possible to give effect to the wishes of the electorate. If it should be decided that the matter is one with which the-returning officer and not the Council have to deal; then the sooner, that officer takes a legal opinion as to the" validity of the late election the better;

An analysis of the recent division on the' vote of confidence shows that the Government me strongest in the Wellington Provincial district where they obtained 8 votes out of 10, or 80 per cent., of the representation. In Canterbury they counted 10 out of 14 members or 70 per cent. In Ifelaun 6 ..out of. 9 or 55 per cent, In Auckland they lost ground)'only 30 per cent., or 5 out of 17- members voting for them, and in.Otago they were but little better off scoring 9 out of 20 or 45 per cent. The smaller Provinces did not materially affect the result. Tnraniilti and Marlborough plumped for the Ministry, and Hawkes Buy. gave two votes out of tluee, but. against these must be set the 4 Maori votes, and two Wettlojid votes which went to the Opposition. Auckland and Otngo are the strongholds of the Opposition, and the abodes of the irretsonpiljabjep, . The regular monthly meeting of the Greytown Borough Council will be held on Monday evening. We hear that at the next entertainment at the Greytown Institute to bo held on Monday evening, Mr McLaren of Featherston, and Mr Rnojdgj'.aas of Carterton, have kindly consented to take part, jtbis, ill addition to the already attractive programme ought to secure'a good house. Mr J. Stevenson, the Masterton station-master, notifies that the passenger wbo gave him a note of higher value in mistake for a one pound note may have tjxe same rpturngd to him on application. Yesterday morning about 6 o'clock a severe earthquake was felt in Greytown, lusting trree or four seconds, It was followed" soon after by a second shock, which was slight in comparison to the first one, For the convenience of intending shareholders in Mußterton, Mr W. Sellar has been appointed to receive applications for shares in the Frozen Meat Export Company. The share list closes early in August, and those who desire a stake in the enterprise would do well to apply at once, It is very probable that more than the required nuniher will be subscribed by the .date on which the list closes, as many persons have openly expressed an intention of joining, as a mere pecuniary investment which is likely to turn out a good profit. Chairmen of Education Boards have been authorised to frank letters—As the Boards secretaries do all the correspondence it is evident that they, and not the Chairman should have this privilege. To tak/j advantage of this concession either chairmen should be made secretaries or secretaries into cjjairjnan.

Mr Beetham asked the Government, on Thursday Inst, if they'wiil 'givV instructions to have copies of the' Wellington Provincial Highways Fending and Im" pounding Ordinances reprinted, so as to enable local bodies to hap some acquaintance with the Acts they are suppo&eo! to administer?— The Premier said that notice of motion had been given by' an hon,_ inenihpr to bring hi an Act applicable in sncli respects to t))e jyhole colony. If this were done, and suc|i Acp passed, hp apprelipnded there would be no need for reprinting the Ordinance referred Yo; but if such did not ensue, then, in all, probability, the Ordinances puld be printed ahorlly.

The memliera of the Carterton Cemetery Trust attended lit the reserve on Thursday, and the entrance gats was fixed at three chains from the south-eastern corner, Mr Roberts giving the land required'. The' Trustees .decided to lay 08 a portion of the reservq for present interment purposes, being a frontage of about : six chains, and extending the full depth of the reserve. The Trust also' decided to request the Catholics to fix their burial gr.ouu.d at .the lower gorner of the section sq laid off. The second of a series of winter en tertainmonts, tool? place at the Institute, Carterton, nn Thursday evening, cmnmanding an audience of about lfjQ. Mr Booth occupied the Chair, and the qverlure was performed bv Mrs Palmer and one of her daughters. During the evening the former ijavo us a pianoforte solo in her very best style, while Miss Palmor sang ,l In Happy Moinents." It was the young lady's first appearance before a public audionce in Carterton, and tier timidity somewhat detracted from the effect of the song, which was otherwise well reudored. Mr Dollar, who was suffering from a cold, nevertheless sang " Far Away " vory well, and was followed by Mr Snndgras with "I never can Forget," the latter gentleman later in the evening taking part in a duet with Mrs Rutherford, ''Music, and her sister Song," in which the, two voices blended well together.. Mr BJack gave us "The Friar of Orders' Grey,"' and before the close of the evening " The "Village .Blacksmith,"' The comic-element was ably reposed, in Mr McLaren's hands, who, in full character, sung "Tho Temperance Band" and "Saur Kraut's Farewell," and being encored on both occasions, responded with " Take it, Bob," and " Going to the Derby." The Chairman then gave a readiug, which he said they might call "The Explosion of Popular Fallacies," but which we recognised, aa probably did many .others, as an extraction fron) " The Innocent's Abroad."' Herr Lund- i qvist gave us one of hjs own welcome violin solos, and a quartette by Messrs Dellar, Snodgrass, King, and Beckett, followed by "Philip the Falconer, 1 , brought the entertainment to a olose, the audience dispersing after the National Anthem had been rendered by the full corps dranjalique. There is to be another soiree at 'fh'e' public Hal) in aid of the parsonage fund in" about a fortnight, I)ances always go down well in Carterton, and no doubt this will again add a good sum to the fund. The Masterton Juvenile Templars, hejd their usual meeting last evening, when the following officers were elected for tin ensuing term:—VY.C.T., sister Marshal] ;• W.V.T., Sister Galloway; R.H.S., Bro. R. Evenden ; L.H.S., Sister Hansen. W.M., BroW. Betty; D.M., Sister A. Galloway; Worthy Chaplain, Bro. J. Carver ; W,S„ Bro, H. Wilsone; A.S., Bro. J. Wrigley ; W.F.S., Bro. T. Blink, home j W.T., Sister Kibblewhite; W.1.G., Bro.A.D'Arcy; W.0.G., Bro. G. Evenden. The officers were duly installed' by. Bro. Girdwood. Deputy, after which a few choruses were practiced for the coming entertainment, and the rest ot the evening was spent in readings, songs, and recitations.

''■ ,Ori Mdn'dhy the landslip at Siberia will be cleared; away and the traffic will no longer he interrupted at this point,; .;■;' Oh Tuesday last Dra Prins and Ovonden, of Ohristchurch, successfully removed the jaw-boheof a man suffering from cancer, '

Land has been reserved .on the Rimutaka for the growth and preservation of timber.

.". 40,000 passengers travelled on the tramway in Sydney on the Queen's birthday,

Six thousand four hundred and seventeen immigrants landed at New York in one day recently. ''.:.. A dastardly but unsuccessful attempt was made to set fire", to the "town., of Shamokier, Northumberland county, Pa, on April 24. The damage done is estimated at 130,000. A dog by his barking awoke and thus saved the human inmaws of a burning dwelling in' Newburyport, Mass., recently; but the dog was suffocated in the flames. The little tailor's shop in Greenville, Tennessee, with its sign, '"A.!Johnson'"," where President Johnston once sewed for his living, .is.preserved with great pride by the family. The Chateau de Montal—a gem of the Renaissance architecture, in the department of Lot, in France—has .been taken, to pieces, ai.d brought, stone ; ;by stone,' to Paris, by a gentleman who wbb led to the enterprise by reading an account of the building, in a volume of travels through France, by M. Durernay, an antiquarian, Each stone and pillar was numbered so that it can be reconstructed exactly as it stood, while the sculptures of the frieze are as fine as if executed in wood, and are thought by arohsqlogists to be of the highest order of renaissance style—equal at least to those of the chafeau of Blois. They seem to be uninjured |jy Jjje of three and a half centuries," "*';"•■

The latest dispute among the people of Masterton is' the unfortunate squabble between the Institute Committee and the ratepayers. There are a great number of opinions on the rights of the question, but all are unanimous in admitting that Muir and Pjxon Bros, have the beat and cheapest stock of carriage lamps to be found in tlie p)ov.ipal'ptri,?t j and that the best workni'aiißJijp and' soundest materials are always turnea 1 out o,f the Masterton Coach Faotory.—[AnV'Ji.j

Schroder Hooper & Co., announce in another column that special bargains in Prapery Milinery and Clothing will be offered to/lay as/thjjr monster clearing Sale is now drawing to a close, jfe. sjiould advise heads of families, and' others to make an early call at the Hall of Commerce, and secure some uf the jpany Bargains hpw beipg offered. The pale which is a yenujpe pnp hap beep a yery great success, and we rnpqrt that the proprietors will not continue it Longer. The addross js Schroder Hooper jfc Do., Hall of Oo'mmerce,^-ApyT,