The Wairarapa Daily. MONDAY, JANUARY 21, 1889. Bankruptcy Revelations.

Wairarapa Daily Times, Volume X, Issue 3109, 21 January 1889, Page 2

The Wairarapa Daily. MONDAY, JANUARY 21, 1889. Bankruptcy Revelations.

levelatioxs still reach us from the ecords of the unfortunate persona rho file statements of their indebted less which tend to eliow that the onclition of trade in tliis community s oxtremely unsatisfactory, and that litre is a demoralising, extension of iredit still current in the Wellington 'rovincial District which ought not ,o he found amongst well regulated radesmen. Last week we had a characteristic instanco in the bankniptey of William Whitt, who, it ippears, commenced business somo 'our years ago without capital and lias now probably assigned an estate which will not produce a shilling in the pound for his creditors, Oases of this character aro becomiug painfully frequent in New Zealand, and one might almost ask,' is it a crime to commence business in this colony without means, and should those who do so be regarded as criminals. It is, however, tolerably clear that they cannot be deliberately stigmatised as wrong doers in the present state of public opinion; indeed, there are somo people who start busiueSs with no assets beyond a stock of impudence and 1 some business capacity, who manage to meet their engagements, and so come to be regarded as most respectable persons, but in most instances the man who begins business 011 a credit basis only comes tc grief sooner or later, and his creditor! get an exceedingly unsatisfactory dividend, Thore is something mate rially wrong in the trade relations o a community when a man can star with nothing and in a very slior space of time owe a thousand pounds Who is to blame, the man who take the credit or the man who gives it If the tormer be industrious, sober persevering, and knows the busiues in which he embarks, why should h not tako advantage of the creili system whioh exists? He ha; nothing to loso anil overythiijj to gajn, and the bargain "is ii: his own favor. The persons win are really blameable are those wh make a practice of giving credit ti men who possess little or no capital 'l'he system on which a very considei able proportion of the business of tin colony is conducted, is that of cover ing big risks by large profits. In th long run the latter are found inade (luate to balance the former and th result is the official assignee has t take over some very curious estates It is not regarded aa an offence ii New Zealand for a man to tradi without capital, indeed, frequcntl; we notice men so circumstanced no only starting in business, but repre seuthig that (hey possess or co.mmam the requisite' means to secure th success of their enterprise. In somi countries, however, a deception o this character is a crime and punished as one, and it migh almost be woll if the law of Nov Zealand was a little mote stvingen with a view to correct the undm laxity which prevails, -We do no now blame a man who starts witliou capital and comes to grief becausi this method of'doing business hui come to bo regarded as a matter o course in the community. So Ion; as a man is innocent of 'glaring hpta of fpd in the conduct of his affairs ]ie liasJittlg or nothing tofea: from his creditors, Who {lpi ii responsible for that oxtremely lov commercial tone of tho Colony whicl distinctly encourages tho enterprisi pf penniless adventurers,some of then 4,ou}jtlpsjj honest, well meaning 11101 and otlierg fi)p§§, ))'ti take it thu the most resppcplp, lijfhiqiiei} ani wealthiest niei'fliiaiiLs pfoufliig town are really the, persona who PP ti blame. Such men in very main instanceskeop aloof from Ohauiberso and do -not exercise; tin influent possess 01 the side of soiitiu..™' "'B'- am !!" 1 maintenanceofahighcom^' 6 . , ne What aro termed." .commercial'fatei ests." are frequently relegated to th care of men who cannot afford to tak a very strict, .view of lliem. : Ail reform'requires to come not from tin small trader, who naturally andinevi (ably, takes advantage-of. the la: condition of. commercial moralit ivliiL'li pjovti'lHjbiit fryui irado leaders

the big moli who selfishly stand apait liom hade organisations and aie satisfied to'be ft law-'merely to tliomsolvea. ' . ,

■, To-raotioffi vbeina/A'nnLversary Day; tho Waiiiaral'A Daily will not bo published. Tendors aro invited: hy the Alfrodton Read Board for.liO ohaim ot iiietalling on the Alfredton District Road. Specifications may- be eooii at Mr S, ,M. George's accommodation house, Alfred;ton. • \ ■ Young' -Maiiihcro' brought down frbin NapiV a number' of yearling cwj:for ; liborntion -m the streams at Papawai,near Greytown. Ho started with forty and about fifteen died -on tho road. • We have received from Messrs M. Casolborg & Co. a descriptive catalogue ofgrasses'and clovers used in tho formation of permanont pastures, &c. : The'Masterton Theatre Royal fixtures fortlie week v are published in the usual column. Mr Pearson's Band plays thisoveniug. ' . "/

j "Captain" and Mrs Condon, who leavoMastertiin this week, will., be ■replaced by to "Hallelujah Lasses'," jvho are expected to infuse now life into the local Army corps. . !. In connection with the spurts at Carterton, the races at Greytown, and the picnic at Matarawa, the first train will leave Masterton at 9.35 a.m and arrive oil return at 7.10 p.m. leaving Groytowii and Cartovton at 5.40 p.in and 6.20 p.m respectively. It is runiourrd that Mr' Herbert Hodge, the teuowiied Wairarapa walking man, has just .''returned to Greytown soma £I2OO the richer for his trip to' Melbourne. It is'aleo stated that one of the. Australian champious ihibuds' to challengo liitn at an early date. Wo remind our readers of the rich treat in 'storo for thoni at Signer Carmini Hurley's' Ciincert to-morrow (Tuesday) evening, \\ e liavo seen the programme which is full of clioico musical gems Ladies and gentlemen wishing to socure good soat-S can book them at Mr Price's whore tho plans ban be seen. ' . '

We remind those interested of the Knripuni Sunday School Tea Meeting and Picnic to be held to-morrow, Anniversary Day, on the'-grounds adjoining the Kunpuni Town Hall, Tho chargo for admission is fixed at the low price of one shilling, which will include a very liberal tea. In the evening tliorewiil bo an open meeting in the Kuripuni Town Hall,' at which 1 addresses will be delivered by several clereymon and friends, • The president of tho Sunday School and' a strong committee of teachers will be in charge and everything for tho comfort and convenience of visitors will be studied.

_ The services at the Masterton Salvation Army Barracks yesterday were well attonded, aud in the evening tho largo hall was crowded, Captain and Mrs Condon who have stayed 1 liore their allotted time bade farewell to the congregation. To-morrow, Anniversary Day, there will bo a monster ton meeting and an open mueting iu tho Barracks afterwards, at which will bo present, Captain and Mrs Condon, Captain Robinson, Lieutenant Robinson and several ot the Army officers. The Salvation Army Band will play appropriate tunos at frequent intervals during the afternoon. ,

Mr A, Elkins caught a couple of trout on Saturday night in the Buamaliunga. river, weighing lUlbs and lOjlbs respectively. With" a minnow, on Friday night-, the same expert analor caught no less than seventeen trout in-the same stream. Mr Guilt, on Saturday iii«lit, was successful in liuikiu" up. a basket numbering seventewi, • ■

Mr Ruany w now engaged inlaying off tho road between Pahiatua and Palmershni. He has located tho general line, and is now working to 'find tho best grades available. It is said the distance across is about 15 miles,—Exiiminor. : Defalcations (says the Examinor) dating back some time liavo been discovered in the accounts of,the Loyal Woodville. Lodgd, 1.0.0. F., mid Court Woodvillo A.O.F, lirtho former they amount to £l3O and in tho latter to .£l4 as far as known. Tho former will be covered.to the extent of LSO by tho bond.

In addition to tlio cataloguq.of 10,000 shocp for salo at the Fairfield Fair, Onga-Onga, 01120 th February thero .will he "large number of cattle. 'There will be a'conveyance provided to meet the morning - twin from Woodville at Tiikupau, On tin 22nd February, 8000 sheep of mixed i\«es and soxes, (some fat) will bo Bold at Mount Horbert Fair, in both cases luncheon will bo provided. We hear tlmt Sismur Morloy is intending to start a class for finishing instruction in singing at an early date.. Mr T. E. Chamberlain Inis finished cutting a fifty-acre paddock of oats on tlio Upper Plan which is estimated to average forty-five bushels to tlio acre. The anni reraary services in connection with the Kurjpunt Wosleyai) Sunday Kchool were hold in tlio luiripuni Town Hall yesterday afternoon and evening. Tlio building was handsomely decorated inside for tlio occasion, with appropriate inottos, garlands, ferns, and evergreens. The singing uf the children was excellent and great credit is due to Mr Sydney BoiilVthe conductor, for the pains he had evidently taken with the little ones. Miss Perry presided at the organ in the aftemoun, and.Miss M. Perry in the evening. The large liall was' crowded both afternoon and evening, and an address to parents and children, by ,tho Eev. W, ltowse was listened to with marked attention, . ■

Eighteen years age, when tho air-broalt was tried, it required 18 seconds to apply ' it to a train 2,000 feel Ions;, Four years 1 later tho time was reduced four seconds. ■ Recent experiments with (ho air brake • on freight trains show that, it can be 1 applied to every car in a train for tlmt , length running at tlio rate of 40 miles an , hour, and that tliis tram can be stopped within 000 feet, or ono-fourth of its own length, and all this without any serious ! jolting, i A general mooting of inouibiirs oF the Mastdrton-Opaki Jockey Club was held on Saturday. Mr T, E, Ohainberlia'n tlio , President occupied tho chair and about a dozen members wero present. Tlio minutes ot the previous mooting were 1 read and confirmed. The, programme for the Autumn meeting was gone ■ through and it iyiw-resolved'-fto 'add a Haudicap time tntting match of fifteen r sovereigns to the list of events. As St. ■ Patrick's llay falls on a Sundliy v it 1 was resolved that tlio Autumn meeting be held on Monday March 18t!i, The,meeting then adjourned Mr Clitpie, surveyor, is pushing on with the siltvey < if the lan d in the l'uketoi country to be offered for sale presently. Since the sale of tlio last block across the Tiraumea vast improvements have beon effected ; a largo amount of felling lias been done, and besides this the road works hivo progressed rapidly. Mr. Vile has now finished his Pahiatua-Ohanga contract and is well advanced - with the other,' Messrs Parder-Bws. have just pitched camp, and will go on at once with the continuation of the Pahiatua-Uhonga road,'which when completed, -will give iicpess to a large number of aettlers. 'i'hore is little dfjuljt l)iit {||iit the fitipntry opened up and to be opened up acros§ tho Tiraume'a will at no distant da'tp be populated by an industrious wel|-to;do class of settlers, aiid it gives promise of being an important addition to the settle' mentjj of thij Bpslu-Pahiatiia Star, • 'fhe advent of tho Americai! gjrl' into E|}gl|sh society at'fjrst. wap'if. ciiripsity,, It sm)) becaniQ a 'porteut. It is' iiuw assuming the Aiißenuplp of pifpjapj). Before long it wili ho recognised '.as' ii calamity, Of all tlio forms'of ■ oompeti-. tion there is none so deadly as this. "We em stand bur farmers heiog.rujned by ' Americau corn; we can listen umiiovefl ,|p tho wails of the gijaaers made bankrupt V the iiifliix of American jj'eef, but. tlio." : hear the murmurofth'e 7' -v™"'-.[.' iiig-room, of the despairing Beigmji^y 1 mother who sees, - season ate season, j Amprieau gills swoop /ddwn upon t]io jj most- eligible* partners and • cut our j; 1 native uirls" out;-.before . tlio ,oyos. ,of i 1 llvot disOT'ed'.parentsll .Mall> 1 ({.iiieilu,l;'. K

A smai t boy, liaincd Th'oinast Stone spcaied an eol 111 a creek kit ueuk near the Mnsterton volunteer raiigef- which moasined Bft 10 in length; and turned tlio scilo nt lllbs ' . Saturday letum tickets are now-being n 3U t ' " 10 w °lhiigtou-Mttstorlon Kailtoayline, available fur'return up to, and including,.Monday, January-28. At the date of the departure of the last English lhail negotiations; ,*werey iiiprogress for the formatioii of a flour mill syndicate iii.the north'of lirigklnd, the operations of. which'would extend ? .fruin, Hull to Berwick. • . .< -The; Of which/rv , aa : -aiiiir:' poaed to. havi) "becii burled twenty, thousand yeara,hved but threo days after it wasi Av local; surgeon;hoping to unable him .to, take fond,. slit the niehihi'aue by, which Ins month .Civas iilosed, and the piitiitnt,';unfoixu'iiately. hadiiot aiiilioieut Vitalityto sui'vivethe operation, His'reinaina ace now quietly. resting in a jar of spirits in jlic Grecriock Museum:.. ;"

Lovors of jathletic' sports are . again reminded of tlio grand fete to be held at Carterton to-morrow, Anniversary-Day, Tlio' excollent prograinifie' prouidedvfor tlio day will be found in our advertising columns, and is sufficient to. wamiut a largo gatheringYi aitors from a distance" will in most " instances no doubt take advantago of tlio cheap excursion fares published by the llailway Ddpartiiienl, although many, no doubt, will tako.tho road iu preference." ' /,

In America automatic boxes are made to do considerably more duties than iu England, Several theatres have adopted these 'machines for supplyjng out opo'ra glascs, and the system is said to '.work satisfactorily for everyone —public and proprietors, The glasses are returned with remarkably regularity, but as they are stamped all over with tlio company's namo this does not necessarily lettect much credit 'on tlio public,

Racing is malting great strides in tho Argentine Republic. At a sals of thoroughbred stock recently, twontynitio lots realised 115G,400d01, (£26,853), lorwi averago of £719, ?lie highest price was 1P,500i101., for a colt by Plia-nix—ilaitlct, ,

London advices by the Inst mail state that considerable shipments of each description of preserved fish have been miido to Australia. The English market is glutted with sardines, and prices arc being kept low, without sales being stimulated, Concerning dried fruits, we learn that the Greek growers of currants have delayed their shipments, hoping to find better markets, They have, however, been- unsuccessful, and it is behoved that shipments to England during tho early months of this year will be much larger than for many years past.

Says the Manawatu Herald :-We regret to liavo to announce the following information just received by cable from London, but it is well that all who are interested in the industry should be pre : pared for what is anticipated, 'Our information is very reliable, and wo do not see that it has received attention in any of our contemporaries, The cablegram runs thus: "In New Zealand; hemp no business is doing, and speculators are frightened, and the market is expected to drop," *We would add, however, that the drop is not likely to be sufficient to cause loss, but the largo prices have for a time ceased.

The annual race meeting of the' Wairarapa Jockey Club, which takes place at Greytown, to-morrow, anniversary Day, is ono of the favorite patherings of the Wairarapa District, and will as usual no doubt be well attended. In fact, taking into consideration that kdios and children are to bo admitted to the course free of charge, it may confidently bo expected that the attendance this year will lie' larger than at any previous season. A capital programme' is provided, and the list of events, under the able management of the executive oflicors of the Olab, will, no doubt, bo carried out in a most satisfactory manner. There will be plenty of games and amusomcnts outside of,the races, which will kjep visitors from being annied between tlio events, and-the Greytown Brass Baud will fill in the spare time by performing choicoj selections, A. liberal supply of refreshments will be obtainable on the ground, and the fact of Mrs Corhett having the lunchoon rooms at the.Grand Stand will be a sufficient guarantee that viands of the choicest will be provided ml lib. Excursion trains at cheap fares will run to suit the races,

With close upon six 'millions of London and St. Katharine Dock stock selling at about 40, and nearly two and a half millions of East and-West India stock going begging at 25, most people would think that London is pretty well supplied witii docks,' Such, however, is not tlio opinion of the promoters of a Bill, of which nolico has been given, for the incorporation of a Company to make somo now docks in the parish of West Ham, to be'called " The Imperial Dooks of London." The solieme is quitoup to its titlo, It is proposed to make to largo docks,,-700yds long and 353 yds wide, with locks and entrances from the Thames. There is somo talk of an embankment and three piers, aud power is asked for to construct a railway connecting with the Great Eastern. But the most important clause ij one to enable the Company to pay interest during the construction of the works, The Valuation List for the Uoroughof Masterton is now opeii for inspect ion at the Town Clerk's Office.

'l'ho German warship Eber ibrived at Auckland from Samoa on Fri lay night Just. Desultory lighting is still continuing among the Natives. . .Mr Henry Holmes lias been elected without opposition, Councillor for the Riding of Mastertou.Wairarapa North County. The Timos suggests that now the Squadron is hero.it should bombard Wellington, Tlio idea is a good one but would the gate money pay for the broken glass in the Empire City.

Yesterday a,fair stro 111 of water, ran down tile liew channels in Queon-street but the Waipouadidnot appear to stand the withdrawal of so much water and below the bridges the stream almost ceased to How. This is one of the complications which the-Borough Cquncil lias to face in taking over this new supply, as the diversion of the water is illegal if the interests of residents on the banks of the river are prejudiced, : -

The Tainui, R,M.5.,. sailed: from Auckland for Wellington on Saturday moruipsf. The vessel lias on board a cargo of frozen meat for tlio - London market, shipped by tlio New Zealand Frozen Heat and Storage Company, and comprising 130 head of cattle,' 2866 sheep, and IGSO lambs, of a total weight of a little over iiOC, OOOlbs, and of this the Oompany send 31,()001bs of beef, thn.roniaindor of the consignment being shipped,on behalf of the growors. -Tlie meat has been placed on hoard in splendiil.coiidition;, .

During tlio. past month" ourshowro3in was daily a'tended by. largo, numbers-, of ladies intent on inspecting and' purchasing the attractive items in the millinery and mantle.: departments at To - Aro House Wellington. . - In millinery wo wpre in being #> t§ oiactlji suit tlio taste of our patrons, and for and tho harmoiiious ; blending colours, we aro as yet unrivalled in'tlie city. We havo. still tlio saiiie ability ond'nieaDS'at comiua'iui ~und during the present month shall;show-some- special novelties in ladta' 'trimmed hats, atTc' Aro Uquse,' Wellington. -■ Oupii'antle'iinl costume department has also been the scene of great activity,'-- )Vo ||aye. liut'njjeV of ladies' jackets aridities oj tlio moat fasli jonable description, aud our costumes liayii bepn thji subjects of -.much admiration .at Te: Arp ■House, Welhngton,: . -V' -:' We iiavo'a very choice lot of ladies' costumes, in airdescriptionsdf fabrics, and in a great variety. of;fashioriahle'stylo!?, comprising': prints, ijophyrs, . ejitepn' brosho, Hwissembribiei'fiu, veilibgj,'- Poiieeo and 'Liberty: silks, ranging - from Ss-ffl'to 'six Hou^.WeUin6 , t'oi;^.:■'' tlio city to visit our slioowi-Mm wh;n every • attentioii ajid civility will.be 'ghqpj ivithV out attempting to nt To Arn.Hoiiw, W!iliiiv{t6i,~-.\t)n,

Mi G, Townsfcnd, blaoksmithjof the Tauetu, advertises for a good^gonoral vTwofiret offondcrs pre brought before Mr Vou Stunner, and oach lined 5s or ■V'.' , A; meeting of the Fire Brigado Comuntteo of the Council )ras held on ■ Fridays aud,'Gii|' Fi.ttpn jnlso^ni'rfttmdaiic^!?^ iii. Jconjieiiti^ appliances, andjihnlly/it to ; •to f tlio . Borough (tyuncjl that a gas jet bo'put'• and ' kopt .Mndop'tlie'.VJabdea^eb^ineVbonehii^Tlie' cost of .the 'fittings; aro';estim'ated;to ;.be loss tlian 20i, and tlio consumption'of gus for" the year | will not cost inOre-thin £9..' it would only require the attenjiiun of the engine-keeper: about' onco a day, and that ise'ryide i ncrease of costj f. ;. In place .of the .preßen t! fees, it was paid for the first horse konght'on; an alariii of firej and 6s. if tlio" aiid just started, b'ut.i not. ..actually required! J beyond.', Pickering was:'wquiilwl'ltSi|ifjSyfan' estimate for. a spark and'a cinder catoherl The; Mayor aiid? Cr ,:KtUnJi;.wjth|the officers in coniniand''o*f the t s wft.Brigacles; : . wliere it is for the supply of . wells; for ■ fire preventative - ■ A tremendous crowd gathered oh tlio Caledonian Grouuda, Dunedih on Satur-day-to witness• the. balloon i ascent;and parachute 'descent by-Professor Baldwiu, A stiff breeze was blowing up tlio bay during the afternooniroiti tlio north-oast mid, as. 6.30 tho'hour,appointed, approached,'the.breeze increased in forcer. At 7'iiO it was announced that if the wind went; down the Professor .would still make an ascent; but the wind which usually lulls, pioked up stronger than evoiy and the people began to' disperse about 8 o'clock, 1 ;. Tlio balloon, which had been inflated for about three-hours, gave way,,being slit almost from top to bottom This'put au end to all oliiincos of an ascent on .that ocasion greatly to the disappointment of the spoctators, many" of whom were from the country.