BORROWING.

Wairarapa Daily Times, Volume 3, Issue 866, 6 September 1881, Page 2

BORROWING.

(To the Editor Wairaeapa Daily,)"

Thp progenies put forward 1 by ' two ,pf the candidates for Mupigipfll ; honors at the coming election has set mp thinking, on what is really jpe»n{ by thfl "borrowingpolicy,''f)nc).t|ieconclusionJ-. ■have arrived at ari) as foljows j-J notice l , that there is in our midst two classes who 1 are the principal advocates of borrow , ing, and jfo called progress. The one cltm ' are men who have been nn the verge of bankruptcy for years, and aro kept from falling only by the clemency of their creditors; they will advocate any measure ■> however reckless, that promises to bring' within their reach a little' money, know* ing full well that they have everything to gain-nothing to lose. The other class is that thriftless ng'eNo-well |ot pf which we' w 80 fflan'v (jrigh't examples in ' Mastprtop, who ndver had asj np'tp of their own, and who never will have, and these united form the party of progress—the borrowers. Of course, men of the« classes are prevented by their very posi- 1 lions- from taking any active part in * public affairs, and that their schemes. >i should be brought into notice; it is necessarj tjiqt they should have tools, as a rule thpy prefer'soft easygoing honeaf mert o who oan be. led'hither and thiiher as v' choose, but failing's sulßoient supply of these, they fall back upon soma sharp fellow, who, in consideration of the share of the" thousands!' which will pass; over his counter, consents to be the mouth piece of the poy if jt cap secure his Section, wWo)i however, it bfteii'faiia tb dp for the " party'ofjprpgrei" j'numb'orij few , voters. ' ■ ■''

One cannot criticise in detail the programmes put forward, they ifre too utterly foolish, tljat of the Kurup'uni candidal# m addition lo'belqg foolish is diszusiina none but a gloomy madman irould 'propose, such a foul desecration -as he has done. The other candidate is enlarging ' b}® i v '®?s ( at the last election he'' wanted j hpt now,' as times are harder ■' nothing Ipsa than iyili |jq tq g jve the pa' is' ioojting for, bat while hei is adyocatipg borrowing hf' P| to mention- that ■ borrojvipg lt means increased rates/ Hedfleii n'otrefpr to Wellington, whefp a bofropipg; pplicy • has been oarried oqt,- and where tpe rptM are enormous, nor does he tell i/s that is ' ut tile income of the Borough with a shilling rate is about il,ooo. It will be necessary to raise a rate of 3 shillings to pay the interest alone, and at least another shilling

for current expenses bo that borrowing *60,000 means a rate of 4s in the I, II the burgesses of Masterion think they can stand .that let them by all moans vote with the i party of progressbut if the burgesses think the present rate, as, much as .they ' can piy, let ihem carofully exclude from the Borough Council, mon who could put forward such 'fahfurades of nonsense, aB these two', candidates have done, . Let those whohaye any little property about .the place romember' that if money la bor^oprtid upon them will fall the burden ', of paying interest aiii principle, whilst those who hare got them into difficulty, \ having shared in ;the,scramble,, will be off to fresh fields, Uughing to think how easily they have gulltid the Masterlonians >. into giving them a chance of grabbinira little money. lam, &c., / Burgess.