The Wairarapa Daily. FRIDAY, OCTOBER 5, 1888. The Bank of New Zealand.

Wairarapa Daily Times, Volume IX, Issue 3021, 5 October 1888, Page 2

The Wairarapa Daily. FRIDAY, OCTOBER 5, 1888. The Bank of New Zealand.

Colonists who havo been wont in past times to swear by the Bank of 1 New Zealand, are now called upon to put on sackcloth and ashes and mourn that their idol has been less worthy of theirworship than they had dreamt. Big dividends after all are [ a delusion and a snare, and people will for many a long day incline their hearts to a safo six per cent in pre- ■ ference to a hazardous teu or twenty. There are one or two very suggestive features in the report of the shareI holders' committee, It tells us that i tho bank held on to a mass of secuvi- • ties in the vain hope of a recovery of values. Now this holding on has been an absolute barrier to' tho recovery which was prayed for, To ' make securities, more especially landed estate, valuable,thoy must pass into the hands of persons capable of developing and improving them, We may assume now that the securities held by tho bank will be put in the market at their real value, and that from one end of New Zealand' to the other there will be a winding up of unprofitable'' businesses and unremunerative' undertakings, The cobwebs will bo swept away and a newer, healthier, and more vigorous growth will be the inevitable result, It has long beou suspected that a considerable proportion of the losses which the ■ bank Iws sustained was due to improper advances in the northern capital, and the report confirms the surmise, The condition of tho Auckland business, as revealed j by /the report, suggests that this town has forfeited its claim to be" the admjnistrtitive centre of the'institution, and that the bank would be strengthened were-its head quarters removed to Wellington. That a bank which has sustained'a loss of £BOO,OOO by feckless trading should still be strong is almost a-marvel, but it must be ■ remembered ■ that there is still £700,000 of paid up capital to the good, a»d that there i& still £1,000,000 of reserved and unpaid capital available, besides the proposed'now .issue of shares. Tho total oapital for the future will, when tho new shares are placed, be no less than £2,750,000, and with tins sum at its back the ifaufj of New Zealand will have a great, future as ivej} a.S a great past. S.tjll wd cannot help thinking that Auckland has abused the position which she has held with respect to {his greet; institution, and that .the future management pf it should'be conducted in the empire city.. At a crisis like this past ties. should be broken in ordof to ensure a .'healthy future growth, 'Bare io flllfl point wliish in the interests of {bj publia should be faffated upon, and that is a prosecution of the SIS O * 8 .°f f' 16 bank, who year after year certiheu *? .the existence of .rotten assets. .We know not and we care not who these. Auditors,are, hut if the auditing in Ney /jjeatal is to be' : regai'ded as a protection' t9' shaseuorlddfa) -&is -fla- • graixt. example pf pf duty ought to be investigated!" sjll this pariifluhir .'piece .of dirty linen is washed out,tho auditors gi tkeGolpny of New ...Zealand will naturally be | regarded with distrust and suspicion. Looking' at tho'immense importance of banking institutions' to a colony like New Zealandi'the point is worth considering whether it would not bo

desirable .to.cqmpeiiill localbaiiks to flubmit to audik''ilie auditdepartnient of 'this colony has at its - command for refereiioe the. vialuation'lists.oftbe property tas.tlepartrj rrient, aridlwoold b't very unlikely to' allow inflated valuations to. be attached year after year, to fcbc assets of any financial institution,.'

Tiio stipend for Masterlon has been fixed by the.Diocesan Synod at £2507 t .] The regular monthly' meeting ot tho' ' Town Laiids Trußtees','Ukeß'phice'this' ' evening. . •.'-''. 1 To-morrow (Saturday) is the regular ' monthly pay day. of the Masterton • and Greytown Building Societies. % | The Woodville Cheese and Bacon Factory, whioh cost £I6OO, has been sold to a local proprietary for L7OO. It is stated that • the: Victorian An' ployors'Association have voted £2OOO, for four weeks to assist the Newcastle mine-owners, _ - ; 7 ; ;i . : v ■ ;.,. The regular quarterly meeting of tho Cemetery convened for Thursday laßt lapsed for want' of a quorum, only tho Chairman and the Secretary ■ being present, ' Messrs Webb and Lester, havostartod a cash Tailoring establishment in Queen Street Masterton, nearly opposite tho Past Office, and invite a visit and trial. •' An international Temperance Congress will be held in Melbourne, towards the ondof next month,. ... The latest report from Loudon is that the mutilated trunk of a woman has been found on the Thamoß Embankment at Whitehall. - ; . Captain Sommorville, of Wanganui,' Ims received a cable froin the Secretary of the Victorian Rifle Association to ; tlio effect that the New Zealand competitors have been granted froe railway passes; Tho Goyornmeht prize volley firing took place at Masterton yesterday, tho ■ average scoro being volley, IS'9O; independent, 15*81.- Tlie Cartorton firing tcok place on Wednesday, volley, 22'24; 1 independent, 16, ;' A parade of the Masterton Rifle Volunteers took place in the drill shed last niylit, Thirty-eight rank and filo were present, Lieutenants Thompson and Hooper in command. After inspection Sergeant-Major Bezav instructed the corps in bayonet exercise. Threo men wore lately found lying helpless in one of the low courts of Newport, and wevo removed to the infirmary. It has transpired that three jars of spirits wero stolen from the athletic club, and the men are supposed to have indulged in a debauch. One of them subsequently ) died from alcoholio poisoning. s

Persons desirous of selecting Crown Lands m this district cannot do better than apply to the new firm of general agonts, Messrs E, C, Shearman & Co., 41, Lambton Quay, Wellington, where forms of applications are prepared and supplied on the shortest notice. Tosavc time and trouble this firm, on receipt of written authority, will, conduct transactions with tho Crown Lands Department for their clients,

The following tall story is relatod by a Marlborough paper:—"Mrs Oliver, at Deep Creek, bas among other household treasures, a remarkable cat which had fivo kittens; to relieve it of.such extensive motherly cares in these days of chronic depression, four of tho kittens were drowned. Pussy, evidently connecting the disappearance of her progeny with rats, sot to work during the night, andcauglit and killed 16, laying them all round the surviving kitten; so that when Mrs Oliver wont to give her some milk the next morning her astonishment might be imaginod at tho wholesale slaughter tho bereaved pussy had mado in retaliation for her loss,"

Tho following extract from the Paris letter of the Sydney Morning Herald is of intorest in connection with our cablegrams regarding the diary of the Emperor Frederick:—" Meantime mattors seem to havo come to a bettor shape between tho now Kaiser and his admirable mother with whom he dined on his return to Berlin. '■ The Empress Victoria has had her husband's diary brought back from Euglaud to convince the Chaucellor and the Emperor that this diary, consisting of several volumes, was written for her

and given to her by its writer, as is proved by its opening pages. She has detached the-portions treating of State affairs, which she has had deposited in tho achives of Berlin, and herexchisivo right to the rest of tho diary has been legally recognised by the powers that be. A peculiar death from drowning occurred near Melbourne last week. A platolayor named Limvood discovered a man struggling in a part of a creek near the Williamslown racecourso, in a hole about 10ft deop. Ho held some reeds out to the drowning man, but tho latter could not or would not lay hold of thorn, Linwood then, although the holo was only three or four yards wide, with that extraordinary infatuation'for rushing off for tlio polico instead of endeavoring to save life so common to many people, wont and informed a constable, who, on arriving on tho sceno, found tlio body floating, but life oxtinot. The body was recongisod as that of of Samuel Jlorria, whose wife had attempted suicide two days before by trying; to jump off Victoria street bridge becauso her husband had struck her on the taco. It will intorest our readers to .known that llie history of our Church in' this colony, the writing of which was sug-. (jested by. the S.P.C.K and the composition cf which was entrusted by .the Bench of Uishops, with approval of the General Synod, the Very Kev. the Dean of ChristcWch, is now on the ovo of being issued. The advanced sheets aro now ni the hands of tho Dean, and they will be sent back at tho earliest moment for publication, Thework.is comprised in three parts:— I, Tho Missionary Period, down to 1841. 11. The Poriod of Organisation, down to 1787; and tho third brings downthe' narrative- to the resignation ot tho'Primate. Tho Dean is the author of 424 pages of the book; the material for the remaining GO pages on tho sovon Dioceses has been contributed by the respective Bishops, or porsolis'appointed by them. Thework is already arranged in book form,'aiid is, wo believe,' (ho lirstofa new series called Colonial Church Histories.— Church Nows,',

A Thnaru telegram of tho 4th instant states a north-west nalo sprung up about 2 a.ni, and blew with great force" from time to time until daylight. Two or three cotages had tho iron stripped off theirroofs. The roof of the Baptist Church was stripped on one side and a numbor of gum trees wero blown down, and some sheds attached to Miles Archer k Oo.'s store were partly wrecked. The greatest damoye, however, was 'dono at Bruee'e oafmail nulls, a" narrow six storied building, of.Vofld, an/1 tjiißStood broadside to the gale, and (he framing of the second storey givtngway, the four upper stories were carried.forward four feet, their floors remaining horizontal. Hopes and chains have been fixed within, and round tho butt of tho chimney _ to prevent any further damage, The wind changed tu tho south at 10,10 a.m. A correspondent wiitos. tq the . Christ■church Press;—As a "team of, four; horses aind dray belonging to Mr T. Holmes, .Upper Waiau ferry,'.' waa> crossing the river above tlio now bridge they got into a quicksand an put of (heir deyth. After a struggle they reached the bank at, the moufh of the ftam.ni.or river, where A. Bryant, who had seen the ajecident, managed t,o get two flf. tho Mora unliqoM, and had prompt assistance bpiin :*".' l M«l I *yoiiM have got another pf (ho ■Hi Brown, had managed'to b J.' .•-■'•.'. and O.Pugh who was with himin the f dray, hail to swiiii but, 'Tlie current was ..so, strong .'thatit carried'the other'twd. horses and the dray down the'river, the I dray, minus the wheels, lodging iu an eddy, a little above tho hew bridge, the I'twp .'hora.es Ijeiiig drowned aud carried tho:current, Great synipathj is sxprea|ed for wHolmes, as; a few. months ago ho.got liis leg Jjroken while getting tirewooa out of •'t/io"rjyer; bed a short distance above wlisre' the pre} sent accident happened. He is still' in the hospital, hiving liaiUkolinib amputated, '-■■- '7 . .-':. ;

-.Lowes and lorns add jo their, catalogue for next saleßoo M shorn '' 7 '■ Mr B,- WHitliy, MiH.R., 'accompanied' by Mrs Withy,'leffc Auckland for Sydney on Wednesday laat',on route to- England and the Paris'S Exhibition?'.' Bitty John; Hall, left by the Kaikour'a, yesterday for London, ■■' ' ~ '■:•■'

The buildings for the. Waipana Ex- j liibition arc going up rapidly, applica- i tioiis for.spa'co being received daily, "■'•.' i -A child s'years old, a son of Mr. P. Lindijgf Tapanui; has died from injuries sustained by his clothes taking fire;: ' The first load of wool'this season was brought in yesterday from Brancepotli, consigned to Wellington. . • Mrs Ei Taylor will have for sale on Saturday, new potatoes and rhubarb, at Mrs E, Taylor's Queen-street ])epot. ; . MrW.S. Caino, M.P., will shortly visit India, and endeavour to establish branch'. tomperauce association composed of natives .mil Europeans at Bombiy, ('alcutta, and Madras., It is stated that the new magazine rifle, for tho British Army has be been fouiuf inefficient, and, as far as the present model is concerned, withdrawn by the War Office. , ; ■...:;•.'.,.' A Brisbane tolesiram says that a disgraceful scene is reported from Nerang where a man, for a £1 wager, drank ten full nobblers of whisky af fast as tho publican could measure them, and.immediately afterwatds sucked a pint of beer through a straw, (Strang to say the man suffered no intellects.;,' ; v -.7. : A correspondent of an Eriplish paper writes-—"On Friday night a young gentleman, playing billiards at a public houso in Bromloy, made a.bet that ho ; would get one bf the balls lhto his'mouth. ' He did get it in nnd there it stuck, in spite of all his efforts to dislodge it, Tho surgeon called in was moro successful; Ho extracted the lump of ivory, but ' only after extracting Bevoral of tho experimentalist's front "ivories." / ' i The bankruptcy of Colin Winchester baker, Masterton,. is announced with ; liabilities'£47llos 9d, and assets, con- ; sisting of stock-in-trade.and trade effects, furniture .aud bookdebts, £95. Tho , principal creditors are—Masterlon, A, . W. Renall, £176 "10s 9d, A, Cockburn J (rent) ,£SO, J. Graham £l2. Wellington I -Levin & Co,, £47-, J, Wilson, confec- ! tioner, £l7, The remainder consist of ! small donations under £lO. The first meeting take place on Thursday, October 11, at 10 a.m., at the Old Court ! Room. ' , - ■

The following appears in" the Gazetto of 27th September: —Whoreas the Trustees of the Masterton Town Lands, being a leasing a authority within the moaning of "Tho Public Bodies' Powers'.Act, .1887" (here-, ina'tor termed " the said Act"), has reiiuostcd that these presents should issuo, and it appears expedient to make the order hereinafter contained: Now> therefore, His Excoliency tho Governor of tho Colony of Mi 2ealand,»in oxercise and'pursuance of the powers conferred upon him by the said Act, arid by and with tho advico and consent of ,thc Executive Council of the. said colony, doth hereby order and declare that tho Trustees of tho Masterton Town Lands shall, as from the datoof the publication hereof In the Now Zealand Gazette, he subject to tho provisions of the said Act, excepting sections twelve, fourteon, fifteen, and six teon.There con be no question whatever that the oourso tttkeuby.theLiind Boardin disposing of Crown Lands is almost tho reverse of that taken by an action ear of private lands, Wo bavo only to contrast Mr T. Kennedy Hacdonald's process and that of tho Land Board. - But then Mr T. Kenuedy Macdonahl's object is to cut up and sell his client's lands to the best advantage, and to do this he not only consults tho interest of tho possible buyers, but gives the widest publicity and the complttest information, and, as a result, obtains large competition, and the confidence of seller and buyer. So treat is the contrast between tho proceedings, of Mr,T. Konuedy Maedohald and those of the Land Board that it is not surprising that the public should como to: believe that the last thing the Board wishes is publicity or competition, and io look with suspicion upon all they do. It is not a question of cost, .Mr T. Kennedy Macdonald would sell all the public lands in the colony on a commission of £5 per cent.; wheras tho land administration of this colony shows a chargo on the year's land sales of 17+ por cent,, for tlio Land Board machinery only, with a further charsro on the year's land sales of 60 per cent, for tho Survey Department.— Evening Press, . . It is statod, says tho Auckland Herald, that the local bodies of tho colony Lave, during the past year ending 31st March, contributed unless than £IOO,OOO to charitable relief, There is an impression that sinco the administration of charitable aid by- tho. local bodies the expenditure Ims increased. That is stated not to be the caso. For instance, in Auckland the expenditure ts une third less than tho former years when times wero hotter. There used to bo a largo number of "hard cases" in tho pensioner settlements who had been receiving rations for from 10 to 15 years, and who had como to look upon public rations as tho natural condition of life A number of these bayo been cioared off the books. It could scarcely have been expected that destitute caeca should have ceme to any extent from such a quarter, with .cottages and acres, pensionßi:&c.,.but soft is.. Tho past history of our charitable relief. administration is more the manufacture of Sate paupers than the relief of honest poverty. Tho Melbourne Liconsed Victuallers' Advocato is responsible for tho following—There was a police constable who made himself extremoly officious one evenin? recently at f a suburban hotel, the owner of which happened to bo the Mayor of the Borough. He wanted a caso against it, and asked a moro ex-' perienced mombor of the force certain questions. ' You had better (eaye that house alone, was the reply; ' why, it belongs to tlio Mayor!" In a few short weekly Mr Officious was 'shifted' up country—for the benefit of his health of course! Mr Let-it-ajone is doing duty in tho samp suburb still.

A rathej.; laughable incidont occurred on Tuesday evening at the Icoturo in the Athcnaiuiu hall, Napier, says the •H; B. Herald. The lecturer, referring to spiritual fifts promised in the Scriptures/ asked "'How many bf you in this .room havo a practical oxpeneuce of theso things ?" A. grey haired and longbodied individal sodatoly rose, and in a voice thickened' by something moro powerful than emotion, (for. ho was laboring under tho most solemn form of intoxication known to * science, he remarked "Yes (hie) thero is at least one in the building. as knows all about om, "Ho was advised to bo quiet, but 'again he asserted,, in a sturdy fashion that lidpbuesseil'tho gifts'referred to, and,as he woiUa tiptoequief,''j) fajr young man deftly clasped the disturber rouudthe waist, and shot him downstairs. ~..■■"" Here is an item of interest to local florists, taken from a letter from the Cromwell Argus by.a Melbourne corrcsp'ondeifl';— shops where cut flowers only arc:sold..' Every'iuorhiiig I ihako'a practice of liavingafcast.by admiring tho display of b'ormets, wreaths, A)c. Out of curiosity I agked the prico of a wrpa,th . about- lbm in diamater, made of' colpred ciiiiiellias,' &c.—result, £2 is-; and a ;yer.y .liandspuie heartshaped, cushjqi), njtji .a 'sqKd'.'wass' of .violots, snowdrops, white camellias, &o, —say abopt lSin-rroniy la ss, 1 asked tho.youiig lady if she would make (hem anyloss;if 1;took tho two. After due deliberation she said she would take off fho nn," , "'^" m Kß, I am taking time to consider how'many onu^? he . B PJ™8 5 in flowers 1 shall bring .home with me. I have been trying to make a calculation what my patch of- roses in Cromwell would ;realiso in this market—a small fortune every-mson.Thorg. are two 'shops', together kSwanstoii street. I should think--thoir expenses, are about S'2s'pfr Week, 1 Flowers must' fetch' a liigh'-prico'to f pay, I airi Farren's ..bonefnrov.er p sio. jn .bouquets' were ■actually, thrown Onto' the stage to lior." '.-' ';■:-; ■':';■-■ 77;' •

.\; ; TheOtago Augiors" Association have, reduced s thbir:'members -subscriptions/ thw year from Ids 6d ; to ss/. , ''! } ! Sojrere.' snowstqrms r in the north of England havd caused;/great damage to thoiorops. v .-•;..'!,•'J" ... ■■. ;■■''■• ':•']' A labourer, named diaries Welfare, aged 38 years, has died at Northfleot, of hydrophobia, after terrible suffering, the result of a bit© from a oat a few .weeksago.■""■■••'■. J.;^;.:^;-:.,;^;;•.-*'■'. An order to an encarapmohtof British Volunteers is,"all hair, to be cub quite short, and (There"possible the moustache only la'to be worn" - - •; '■■■'■■< ■'-'• lp 1888 the quantity of Australian wine imported into the United Kingdom was 67,251 gallons, but in 1887 it reached 168,538ga110n5; '■' ■' :';"; •.': A resident of Sandhurst, Victoria, named • Lewis, colebratod his' 105 th birthday on the Bth. He; is said to retain his faculties to a wonderful extent.

. A blast, fired at the harbor quarry, Groyniouth last week, brought* down 15,000 tons of stone, Auothor blast will i be wanted, one block contains 2000 tons. The marriage of Lord Beaumont with Miss Isaacson, daughter of MdmoElise, was solemnised in the presence of a large congregation at the Oratory, at Breinpton.. ' ■:■ '-..:■•> . It .is rumoured, says' an -exchange, that Mr Stead 'of Christohurch, "isa probable nominee for the Railway. Coinlnissioriorship in the event of the. AgentGcnoral failing to engago a suitable man. 'Saysthe Auckland Herald:—We have ho hesitation in saying that just' as the great feature of New. Zealand legislation since the commencement of the Vbiiel regime up till how has boon ; ''the game ofvrab," to gain raoiiey.from tho colony to be spent in tho localities, that of the noxt years will be efforts to roll over to the colony obligations heodlessiy incurred by localities in tho past. -

From hie hub'.—There is perhaps no tonic offered tn the people that possesses as much real intrinsic value ns -Dr. Soiile's American Hop Bitters. Just at this season of the year, when the stomach needs tin appetiser, or tho blood needs purifying, the cheapest : arid best remedy is Dr. Soule's American Hop. Bitter's. An ounce of prevention is worth a pound of cure; don't wait until you are prostrated by a disease that may take month's for yon to recovor in,— Boston Globo. Woman's Wisdom.-" She insists that it is of more importance that her family shall be kept in full health, than that she should havo all the fashionable dresses aud styles of tho times, She therefore sees to it that each member of her family is supplied with onough of Dr. Senile's American Hup Bitters at the first uppearnucu of ill-health, to prevent a fit of sickness with its attendant expense, care aud anxiety. All women Bhoiild exorcise their wisdom in this way,' —New Haven Palladine.

Gcntlomon will bo pleased to how that our selection of now tweed coatings, suitingai and votings for tho present season have opened out unusually veil, and that the choice ia more varied, and the worth better, than any previous occasion at To Aro House, 'Wellington. : Wo have strivejj to merit the confHonce and support of our patrons by employing only the host available talent, both as to our cutter and our largo staff of tailors, and also by umng only tho best materials and trimmings. No wonder, then, that our efforts have succeeded in attracting a.steady and increasing flow of customers ;to the Tailoring Department at To Aro House, Wellington.: As all orders aro executed under able supervision, on our own promises, gentle-. men oanrefy on tho first-class quality of all our'work, and as our cutter is admittedly a post.master of his art, the fit of every garment can be positively guaraateedat To Aro House, Wellington. Our charges are in every caso tho lowest compatible with really good materials and workmanship, and wo respectfully solicit a visit from thoso gentlemen who have not as yet patronised, the Tailoring Department at To Aro House, Wellington, ; Patterns and self-measurement charts forwarded free by post on application to To Aro Souse. Our only address -James Smith, To Aro House, Wcllinjton.