The Wairarapa Daily MONDAY, DECEMBER 23, 1889. IMPRISONED FOR DEBT.

Wairarapa Daily Times, Volume X, Issue 3393, 23 December 1889, Page 2

The Wairarapa Daily MONDAY, DECEMBER 23, 1889. IMPRISONED FOR DEBT.

The Otago Daily Times recently ailed attention to the manner in 'hicb large slices of the settled lands f tlio CTolony are imprisoned for debt, nd regards this incarceration of soil a one of the obstacles that delays the evival of property iti New Zealand. sanb, loan and financial companies .11 over the Colony as well as iierclmnts have had to take over the upeiivjsiop of properties secured to hem for advances, &nd employ a host' if managers ,pr caretakers ivhosc mainess it is to got as much off them is possible and spend as-little as can je spent on iiypvojiient?. Our :ontenjporary estimates that ffOR) one fjird to ono half of the settle/i lands if the Colony are imprisoned for debt, nd under (his debility are a venknees rather than a strength to '-otjimunity. A state of bondage if this kinu K'osks free and profitable ettlement. The ianu Molers would ;ludly part with it at a pried 'l lll ' voultl cover their advances, 1 but this hey cannot do, so they keep on vaiting m«king n further.'loss year ifter yesr in) tjie hopo thai a |iso in ralues will enable them somo day to etrieve their losses, But th's wailing 'or a rise is- just the thing that lieveiUs drie from coining, The; |upstion is are (lie holder* of the! j ificurkies wise . in the policy. tlmy / idopt. There are two other courses ] o which they might resort .with 1 leneSt to the coqimunity. Ono vould be to face their losses, , ;lie other- Mild ; ba to invest ] ■nfficient capital in dovfelopiiig the I iroperties they hold to make them irofitable, Mr Dixon, M;fof Bir- t ninpuni, set a good example in this j 'pspect. A. large .Wairarapiustalioii « iV'op3rty fell into his hands which he \ lid not lieajr? to possess and which 1 :io could not will .wiljiojjt considerable 1 .oss, Instead .of vaiting % a rise in j wluea he set i.o work energetically to J uake ti)fl .station produce all that it n'fts capable of yielding .with the i result that it.has turned o;it a. pjpjit'-. j ible liWfistniahi/ '-'.lf • •banks' and-I financial institution's only, followed " lijs example the land of tlio colony p would soon he free. ' Sonin short d fc ago'we were asked to express * it) .opiti.tyii privately as to llio chances if success of a.sale gf io.nd in Ibis ' p: iistriet, We r,epjjed tfiat if an upset ti price atanJioneMvalue jyas openly A Sxed prior to the sale the lari'd would Snd purchasers, The local agent for fj the institution that held the propsrtv „> mdeavoured to carry out' this pro- ih »tammp r ,but his bands'were M T, with aii excessive'valliatioii trom' the 6(1 randan, aud..thesale was 'a. failure. fliis sort 'of tiling goes on all oVer :be colony,, The public are. continu- uj illy called .together to. make bids for nr Jje properties on which there-is a oh i.pjCfet ffiSfi'pyj which 'paralyses sales. ?t fill' fault ijbpfi auctioneers ihd land agents for it js (ligjiear- jj l .ening for them lo billed up.on to \vojU tp sales when all the time they must 2 » )e. well awaro that they cannot do or

Wneis, Buyers iu-fttet losa,conli: jenco i& land sales? for this'reason and every. unsuccessful auction of land tends to,.depress land .Values und iinpttir'Mha.s'clianoei of disposing of properties. ".Of course 'Ke '.vill work a cure in thin «8 in other mutters. Holders of useless properties must continue paying ratoa and taxes on tlieii' white elephants until they enn hand them."over to perabna 'able lind •willing to use them to a profit, We Wonder Ihb busihess men in large cities liko Wellington,do'notcoaliine a little to prevent the bogus sales of property, which now and then do so .much mischief from taking place. Of crura if one' auctioneer or land, "gent roadefl stand and refused to put up a property on which their tvns an abnormal [reserve, the lot would at once bo handed ,over to some business rival, but if all of those who arc engaged in the sale of real estate wore to unite in making such rules and regulations as would secure a return of confidence on the part of the biiyin« pnblio, we should soon see satisfactory sales effected and properties changing bands briskly' instead of banging on the market for indetinite periods,

The meeting convened on Saturday to form a farmers' union was scarcely a success. We intimated in tlie foi remarks we made die other day that the best guarantee for establishing a strong union- would be' a limiteti liability compr.y with an adequate capital. ■As yet vory 'many of Hie farmers do not appear to recognis9 the necessity of, a bold Wop of this kind, but we trust "they, will in time see the advantages to be secured by it,r and: go to | work in earnest. Successful tinions must liave oapiti.l at...their.,backsl. ..Mr Carman, the . prime;! mbyeii; in this affair, does not seem to grasp the fact.that be is attempting to make bricks without straw.

, The talk .'ill over Masterton to-day is a 1 out a little encounter which is said to havo taken place.-in the Theatre Boyal (in Saturday evening between two .aniateiir boxers who occupy a high social position, and who me supported at the encounter by about fifty'of the elite, of thisneigbhothood. A ring was foimctl, rounds : weie fought, mid,.'though glovf-6 were (isfd, both ' men - received severe punishment, We may be' prejudiced, but,we cannot help thinking ilial conduct of this kind on the .piirt of those who are je'xpected to'.set a 'good example;)'h (lie communily is somewhat discreditable,and'if we, hear another instance of it we shall feel it our duty to publish the names of those who are respousible' for such scandals, together with such comments ai we way consider necessary, ,

•' Messrs L J Co will mako a grand display of-.Christnms goods this oveniuf.

Tenders aie invited by Mr W C Buohananforstuniping one huiulredaoros ofl.mii. : : ■' - Additional rules under t.ho District Courts Acts, to come into force. on Janairy Ist prox. are garotted.'■ 1 Tenders are invited • by Messrs W Booth and Co for cutting five liumU-od acres of scrub on tho Middle Run in sections,

Mr J Hessoy has-a goid second-hand Hornsby teapqr and Under for tale. The wliolo is in good'Working'order and will be sold a bargain,

Messrs Lowes and lorns announcp for tale in their apvertioing column pu'-e Hereford breeding cows, Lincoln rams, and Euper-phoßphatcs.. , - We remind those tnterested that, the drawing for Mr Donnelly's Art Ulron paintinas will take place this cvoning

in thoshop uext the bankpf AuatrrtlHKiii. At, tho farmers meeting on Saturday.; he miilors notified it was tlu ir intention tto pay sijponco per bualioi less? for wheat threshed from the atooka than from the stacks.. . ' The Stewards of the Mostortiin Opaki Jockey Club publish in another, column their full tariff of charges' for admission to the couyso, grand stand, and lawn., at their summer Mooting on Thursday and Fri'lay next, also cOach fare i each way. - Besides': the glove ; fight to which roferonco isniado in another column, we have to record two other encounters, one in Queon-s'.reet on Saturday evening and tho other inDixon-streot on Sunday morning, The dog, or at least the bull-dog days, appear to have set in. A general mooting of members of the Wairarapa Caledonian Society is enrVened for Saturday next at 8 p.m., Club Hotel, Mastorton. The date; for.reoeivins; nominations is extended to Ffiday 27th instant at 9 p.m. at the Secretary's office, Numoroua ent) ic? for t lie various events have already.been received.

A first meeting ot creditors in the estate ot Joseph David Iteardon was held on' Saturday in tho Old Court Room Maaterton. Mr W, Sullar,'Deputy Assignoo presided.. Tho debts amounted tO;'|G2 and thn asiets £5 fnrniture, the principal creditors are H. Jonos, jurir, £i j J..(}, .Mnokay, £2 125;.. W. Munis, £B3b; 0, Wyo'h,"£l2; G. Johnston, £l2 Cj ; It, Hockley, ; iG 3i; F. Holloway, £3 ; W; Perry, 'll Ills; Dr lieard, £4 i Chamberlain Bros. £4l6s; A.' \y. Hon-11. £'j. Is. The ;duU-.r af.ti'ibjiied his failure tp fiokness Jn his famjly and innbili'ty to obtain \vnrk for a Jgnej tjmo. Tjje ti)eo.tin'g was adjourned touanuary 4th 1880.

i Mr W.Perpy. will have |i|s shops Illuminated this evening; for the difiplay ofOhrlstma/i meats, :

D, McGregor, of Manila got his left liand bad!" '"M 11 WMS Ott Saturday last. The bone the forefinger is broken and the'. 1 ! 1 jpuch swollen. ' ' I

BpepiaJ Qifts.—By.the last m&il.stoamer ffo received an assortment ot beautifully illustrated' booklets, tiio subjects beiilg Tho _ Village Blacksmith,"" Jjo.ad, Kindly Light," Gray's Elegy,''' Words of Comfort,". "The Crown of Lovi,," -'I •Kfemembor, I Eemomber." Tneec wo shall pie3ont tp alt purchasers of goods. to the. amount of 6s, at T/s Aro Housb \Vellingtoii. DiiripK tho present tnonlh exceptional advantages will bo offered to all ctol) custopieriri at fie Wholesale Family Drapery Warehouse Te Aro Souse; Welllugton. We allu4e to' the froj distribution of Christmas presents ii) aocorJaiwe with tlio sqale published in another part qf this paper.' Thcs'o consist of sotoe very, useful attfaotiVe. and elegant Japanese, Chinese ami other, desirable finoy articles, neiyly imported, at Te Aro House Wellington. Wo have triple atacluni to induce large, long and repoatetl visits to onr warehouse during the presont month, Ist. Wo bays the largest and bqst selected- stock in the (jity. Mi The quality of our goods ia'Al.'and'thopriposJJjß lowest possible. Brd.'Every purobiiJcrfrom IQa snd Boards jsts_, in addition,- a ; vei'y"f!Bßl\iV p'ea'slng, aityotiyi) psent, alToAro'' Houad *??!!• iiiKtai. - j

The time fpr the dfstribijlion of these presents is limited, ■ vi?,, (rota the proseiit nalo to the end of tho month of December, 1880, at Te Aro House Wellington. ~; Ip the men's, boys', and youths' clothing I department, purchasers may select their presents from a. choice assortment of ties, jojjffs, shirts, hats, ic,, : at'To Aro House AjJl'f- "(• pood now.s'lrom WeUingfijn, end quite true, ygu.cati got a splendid harmonium from L 5, piano or from -£l6. organ with divided octavo 'couplarc all in solid black walnut oases fram L 17.. Tliis boatfl all the olioapest houses-in town, Pianos tuned for 7s, or by the yp.arfourvisltaLl, travelling expenses added:" All kinds of musical instruments 'tiinbd, cleaned, aiid repaired,"new reeds piit in- aceordeanSj' Concertinas, harmoniums, and.organs; also liberal , ex-, 'ohanges made.' 1 Any instrument may be purchased on the time payment .system from 2d fld ".per' week: : Call -aiid. eSchange your old piano for a new- one at' F. ,J Piniy's Musical Instrument Depot, ; i\l(ii)/mw-titreet, Wellington. (Sole agonk of the Woruester organs,}-advt