The Wairarapa Daily. MONDAY, MARCH 20, 1882.

Wairarapa Daily Times, Volume 4, Issue 1027, 20 March 1882, Page 2

The Wairarapa Daily. MONDAY, MARCH 20, 1882.

■ Ministers are bound to propose a big loan. Borrowing is tlie trump card in the political pack and they cannot afford to leave it in the hands of the Opposition. It is understood that a proposal for a loan of five millions will be carried in the House, though there is a diversity of opinion as to whether the Ministerial party or the Opposition will have the spending of it, We do not believe that either one side of the House or the other is fit to be trusted with this responsibility and would gladly see the loan fall through. There is but little Lope of 'this! New Zealand can no nioro keep from, the London market than a gambler can keep I from the gaming table or a tippler] from the publican's bar, Of course when the colony was sick and could not borrow it had to abstain. Its convalescence, however, ia now to be registered by a loan. Every sensible man must feel that a loan is bad for us just now, that it would be far better to turn the corner for another year or so before plunging into new debt and taxation, but the commercial adventurers in centres of population, the promoters of bogus railways, the schemers and log rollers of the colony still are a power in the land. They pant.for a loan as a "hart for the waterbrooks," and neither the present Ministry nor their successors are at all likely to be able to resist the pressure which is brought to bear by theur The only only thing we can hope for is that before another loan parses the House a schedule of works to be constructed will be absolutely determined and that there will be a fair amount of honesty in dividing the spoil. But even on this point we have no assurance, The majority of members in the Wellington Provincial district favor the West Coast line as a portion of the main trunk line of the colony, and only a minority is left to defend the interests of this district, We fear that when votes are bought tho majority will be prckssed, and the Wellington-Mas-tertofl-Napier railway will be'wiped out. by Jie Wellington-Palmerston-Napier raiWay. The limits which now diyide .political .parties will be absolutely rubbed .out as soon as a five million loan has ib%; apportioned; For a «Kca\of it -a "Conwrntive will ~Y i ."r-: <•■■.,:.:,! -•,:■;?&, kr';'

Wo iiii!; ii I/ilhml in' ,t Lih'.i'iil will rliimgt Ills spots Tin; uiny thing i-i:-r tain iibout the whole thing is that the I'.ull; of the live millions will fkiw into the huge towns of the colony and that in (he ioiir.se of tlnee (v four years a ]'r:i|)'Tt.y fax yi twopence in the pound *hli in- i-.;i|iiiie(l to satisfy our friends in London.