The Wairarapa Daily. THURSDAY, NOVEMBER 10, 1887. GOOD FOr FARMERS.

Wairarapa Daily Times, Volume IX, Issue 2746, 10 November 1887, Page 2

The Wairarapa Daily. THURSDAY, NOVEMBER 10, 1887. GOOD FOr FARMERS.

We have reliable testimony from all parts of the Colony which tells us that dairy factories are good for farmers, In'the'States these institutions are regarded as absolutely essential to successful cow keeping, and they have passed all experimental stages and become permanent accessories to dairy farms, And yet the farmers about Masterton do not care to embrace an excellent opportunity now offering, or perhaps we may say lately offering, for the establishment of a local factory. It is an open seoretthat the farmers of the neighborhood do not care to take up shares in a dairy factory company and the Masterton enterprise to which we recently attached some importance has vir tually collapsed. Are our farmers blind to their own interests that they refuse to give a fair amount of aid in starting a company that would be of considerable benefit to their interests ? AVe are not altogether sure that this is the case I Though dairy factories are" good for farmers" the experience otthe numerous institutions of this kind which are scattered about New Zealand, tends to show that they are not dividend paying concerns. The scrip of dairy factories as a rule have no market value, No one wants to buy ahareß in the Taratahior Greytown dairy factories, and if anyone did he could be pupplied at,a ridiculous reduction oh the original cost, The fact is that if a farmer is invited to take twenty or fifty pounds worth of .shares in a dairy factory, he is'virtually called uponiogive a subscription. of twenty or fifty pounds to the conoern. is the rub I A farmer may with prudence invest twenty or fifty pounds in an undertaking where his money is safe, but giving a subscription of so large an-amount'as we have named, is a different affiair 'altogether. We can understand a dairy factory company which will have a reasonable ohance of paying a fair dividend on the capital which is invested in it, or we can understand, a company without this expectation being floated by means of donations or subscriptions. Either of those alternatives present a straight course, but'to float a share company on the expectation of indirect advanta'gesonly, is perhaps a mistake', New Zealand ; has suffered:a good deal from the numerous 1 unprofitable companies, which have;fr6m time to time been launched on uncommercial principles. The time for follies of this kind has passed,, iWe longer affordito invest money in enterprises which.- are unlikely to yield-dividends. We'iare extremely .anxious :! lb- see a' dairy factory started in'Masterton, but if it cannot be worked on the'commercial principle of a direot,profit, it will he better tjo postpone the enterprise. • Wanted;- indeed very badly wanted, at the present time, is an eligible candidate for the'office of Mayor of Masterton., It is understood that Mr Caselberg has riordesire to-serveigaih, indeed;, it ,was..<only in response" to pressure that he consented' to retain qfcce during the period 'now''olb'sjngv A good; many persons have been privately requested to come forward,, but, as a rule, they have displayed ■& reluctance to stand.

Mr G. Heron has, been named by many as a suitable candidate, but he, •we hear, absolutely refuses the office. We do not know if Mr T. E. Chamberlain,, who is also' spoken of; is likely to respond to a requisition. No.doubt; ■if he desires -the position, he would stand an excellent chance of obtaining it. It is quite on the cards, too, that he might also be in demand as. County Chairman,-and.have the option of choosing between two high dignities. Virtually, however, no one has come forward up to the present time to fill the Mayoral chair, and there is some slight reason to fear that we may not in the coming year be-as -fortunate in securing a good civic chief as we have been in past ones. The sooner an eligible candidate is found the better, as it does not look well for the Mayoralty of Masterton to go begging. [Since the above was in type, Mr •Eenall, we are told, has decided to como forward.]