The Wairarapa Daily WEDNESDAY, MAY 21, 1890. The Bank of New Zealand.

Wairarapa Daily Times, Volume XI, Issue 3516, 21 May 1890, Page 2

The Wairarapa Daily WEDNESDAY, MAY 21, 1890. The Bank of New Zealand.

The tribulations of tho Bank of New Zealand appear to bo pretty well over,- An independent and trustworthy investigation of its affairs instigated by the London Board allows that its position, while not so good as its friends hoped for,' is not nearly as bad as its enemies depicted, Already shares have taken a decided upward tendenoy, and public oonfideuoe iu its future is : becoming stronger day by day. It has been said that when a 'member of a" pack of wolves displays signs of weakness, his comrades are wont to relieve his infirmity by tearing-'him'to pieces and eating hini up. Wo fear that Banks in ''a quiet way are apt to display a similar vulpine proclivity; when one of their number gives them a chance, and fancy that some of tho financial institutions of this colony are not altogether innocent of intensifying the position of difficulty and embarrassment which the Bank of New Zealand has occupied during the past few years, However, all danger from a direction of this kind is apparently at an end, and the only difficulty which appears now to. threaten the; interests ;6f-'' shareholders is probably embodied.. in a. sug. gestioa' made -by the London Standard that a • new company should be constituted to takeover the good business of the Bank and to leave the globo assets to the existing corporation, There is a suspicion of a cloven hoof iu this proposal if it means a division; of. the sheep and goats, the sheep to,go to a new corporation, and the goats to be retained by the old one. We trust the London directors, will work out the rehabilitation of the Bank without having recourse to a questionable j expedient of this kind., last year jt was rumoured that spge Wealthy individuals who. were nptpripusly hostile to the Bank contemplate;! forming a ring to secure its business, to in fact swallow the fat oyster and l'eare the shareholders in possession of the sbeiis. Tie suggestion.made by the Standard runs i& smell in the direction of the project of these financial wreckers that we cannot regard it with other thai) a feeling of profound distrust.

Eketauuna deserves credit as a " live" township, Every »veek almost it has apublio meeting to .ventilate some grievance or make known 'some requirement! J{ loses nething for want of asking, and if r, p}m is to go ahead this plan of being always in ovidenoe is by no means to be' despised, The last idea from Eketahunais (lie constituting of the district into a separate county, Acye.t the project does not seem to be very seriously entertained, but used somewhat as a lever to adjust certain arrangements for roads which era desired. We do not hope to see an Eketahuna County, because we have always recognised that it is in the interests of Near ; Zealand to a limited numlw: of strong counties rather than an unlimited number of weak ones, As. yet Eketalwna has had little cause for dissatisfaction

with .'the share of expenditure which itsT riding :lias obtained," Itsspecial representative, Mr Von Bedin, has looked : very,sbarply after its interests, and apparently: makes no pretence; of assortingibat they have not "received ftitcomideratich'."'. We do not think Ek'etahuna is going to be a county just at present, but we do believe that it is likely to go ahead rapidly. For; several year*! to come the town will be the terminal depot of the railway, and already the traffic which ib concentrating about it is beginning to open the eyes of .the Hallway Department. As we pointed out in our issue of Monday.last, this traffic is capable of almost indefinite extension,, and a well-considered effort in the 'direction- of developing it would bring a lot of grist to the Eketahuna mill. • ■■'..

: Our local contemporary makes much of the fact that Mr G. Beetham is more popular with the Education Board than Mr"B.S. Hawkins. This is undoubtedly true, but the real grievance,' however, is that Mr Beetham is more popular with the .School-Coimnittees, who are now voting for him right and left. Vain are the efforts of our local contemporary to turn, .the vote in Mr Hawkins'.-favor •by dragging, the Board-in as a red herring across the scent I ■ Why. should Committees vote for a candidate they don't like,, or for tho protege of a man who, but a short while ago, tried to shut up the Masterton School and turn some five hundred children adrift in the'streets?

The cable.Btea'mer Scotia left Wellington a'ga.tq for Cook Straits yesterday inprriingv. ';". • ' -

_ We understand that it is almost impussiblo at the present time to obtain building timber at Pahiatua. .. A petition against the election of the Pahiatua Licensing Committee was lodged on Saturday last. . By an explosion of gunpowder at Havannah, 22 persons were killed and 100 injured, Seven huudrcd Baoki of Wanganui potatoes sent'to Sydney realised from £2l6s'to £j) 'per ton. The local value was 35s to 405.. Tlib resignation of the Hon,. J h Dow, Minister .of Lauds for Victoria, has been accepted by the Cabinet, he having insisted on tins course bein« adopted. ;The JR.M. Court was crowded during the bearing, yesterday, of the charge against Guroto of being in possession of a worm.

A meeting of-tho general committee uf tho Mastertou Agricultural and Pastoral Association is to beheld in the Club Hotel this"afternoon,

The football inittoh played at Woodvilla on Saturday last' between, tho Wocdville and Pahiatua Clubs msulted in a win for the formor by two; points to one. • •

Mr ..Frank Thompson has been, adjudged a bankrupt. A meeting of creditors will bo hold on Friday next at tho.Old Court Boom, Masterton, at 12.30. , The Wilt of the poll for a Councillor for tho Mastertou Biding of tho Wairaripa North County Council, taken on Monday last, is ar follows ;t-0. E. Cuckburn.rJbod,sß votes; James Stuokey 82 votes. Mr Stuckey' is accordingly declared elected, It will beseen from an announcement in another column that a plain and fancy 'dress ball will bo held in the Temperance Hail-on-Monday next, the26tli hist. ! With favorable weather there should be a lr-rge'.attendance of the public;

A steamer of the British India Company—the Dacca—bound for Australia, struck on- the Daodalus Reof, in. the Red' Sea, and sank in 200 fathoms of water.

\ A iiew journal called "labour "is announced to bo run at Napior in the iutcrcats of the working men and the candidature of Mr W.J. Barker,, in ,",,!">»:, i nn to Cant, EubsbU at the next election.

The Hawkes Bay County Council haye. passed a resolution undertaking to make and maintain the road to Taupo

via. Wupawa and Te Haroto, and build anew- bridge across Mohaka, provided the Government grant a subsidy of r {'2500. This now route avoids the I worst- features of the, present Taupo . road, uf which tourists now complain, i The Melbourne Age, discussing land | nationalisation, concluded that it would , uutdo for the Australian colonies, but , that'it would for New Zealand, And the "reason", given tor .this curious j conclusion is that "the people of New 1 Zealand are, for the most part, content • to abide by a more plodding style.; of ; existeuco than, is welcome to the mass of i Australians!"'<' • ' [ Considerable amusement was-daUsed i in Court this morning by Sergeant Price asserting that ho had been informed, by ! Gurntethatk(thenotoriou«!'Bisiiiarcli')' . had responded to the advertisement of a ' lady.,in the Wellington Tapirs', who 1 notiiied that she was domesticated and '. possessed the' sumof £2ooo.Whet) hesaw . her, however,-and found that Bhe was i seventy years of age, he could not see sufficient inducement in tho £2OOO to enter into the bonds of matrimony. Says the Hawera Stan— A sorioua '< accident, which- might have proved fatal, happoncd yesterday to a young son of Mr IJill, of Manaia. He was Standing near a chaff-cutting rnachino, when he was caught up by tho belt, and, if it-had not been lor the presence of . mind of Mr Oattaiiach, who managed instantly to stop the. machine, he most Certainly would have'been mangled to death. Every 'stitch of clothes had to be cut off "of him in order to get him free. As it was ho was bleeding badly from hii oars and mouth, and - lm shoulder was hurt, but Dr Pairmau was of opinion that no bones were broken,lln a dospatoh;-dated-April 3rd the Agent General wi'itea :''Complaints are always rife as to; the condition in which; New Zealand hemp ia sent away, and it seisms in 'vain that merchants- arid brokers here '. Iravo. repeated the Wirning's'so. .constantly given 'to their correspondeilts in.the colony that their market will be destroyed if'the homo is not belter dressed and packed, and for my Own part I 'should, goon saying the eairto thing', hit that the fjuctuntions of the \yliolp hemp piarket, since tho new year)' have.' bgeivap strapgo, and have so completely baffled 't)ie most skilful ejpertat)iat it i'squito natural for grower's to Tbo disnearte'nejj. I anj endeavouring to brine together.some of tho' facts which may account in some way for violent, fluctuations, but I cannot.sty that there is any prospect yet of steadier prices,"' . : . . ...... Wj)lijjni Honry' Mo'rria. bankrupt, of OreytWn, pn 'J.'upjday, afr a meeting of his "creditors, stated that ]je was a ' laborer, and bejng pressed b'yDufan4 j MoCov.lvho had a'judgment summons ' againßt; h|nj> filed. Ms sphodijle. Hij j average.;earnings during tho past 12 months had boon about?2B fid per week, , He had a family Uf' ijoven children. "The property I lived on belongs to my 1 wilev and consists nf an acre of land and a Bix-roonicr! • dwelling. There is a mortgage upon iV. !t is -■ in ' B ( ' wife for % children, by-her B.F j husband Jos, Re^hj,. J am not at ( present workin».' ,T-he aged }2 months, the eldest. 'ls years, Jbujt

cannot ffitk jnn.ehi Ihe. monoy I got; for itlfapr)[' Ji#qi'p«6'p/a',<;(?ntrn<!fc \vbiph I Jiad from Mrßuchapo, ijjopey I hadin.thq ht>m- J.wppi! nri«ko;an ■' offep i pf. 'jnyjfltj, <W#;fß,'' '.'."• ■ '•■■ ' i ■ In Franoother!Jßrß.2,OOn,flO.O|ifli|sp;| holds in which thoro in nut a child, ' ■•• The Jews in Ruiiie will build a new Bynngogiii) at an expense of £40.000. ' Divorce can bo obtained in four hoars in Japan by paying 8s down,

, Captain Edwin wired >'at 12i6p.ru;— "Indications frost tq:hight." t ', v' ; The registered, rainfall in ; Wellington oii-Monday night last, was 1.05 in.; • The tender of Messrs '.Grantham tfi& Plank of Carterton Jim, we understand, been acceptod for'building Mr H, F, Stay's iio.t house at Taratohi, " ; Messrs W.Lowos aud H.iE...Eton, the. retiring members, being,the only persons nominated for the vacant seats on the Mastorton Trust Lands Trust, have been declared duly elected. The newspaper libel actionsof Roberts v Blundell and Butoher v Payton,. havo been fixed for hoanrig before special iuries, on the 12th and 17thj of June respectively. '■'-.!' . The Junction Brewery Building, which is situated on Hutfc Road,; where it enters "Wellington, in being 'converted into an hotel fur Mr M.lHodgius, tormerly of the Taratahi Hotol'. - The R.M, Court was occupied the whole of yesterday afternoon and this morning with the illicit worm caso, Ah adjournment wa3 made at Lib" to-day till 2,80 p,m., for lunch. i A petition with the undernoted heading iB being numerously signed in Carterton to-tiay,-"\Vethenntaigned residents of Carterton desire to- petition asainat the granting of a lioense applied for by Mr Morris of Oartortoh for'a Wu rking Men's Club." Tenders are invlted'by m Masterton. Boroiigh Council for ? soven chains' carriage-way furmation and metalling in Church street.

.'The Oalefield Dairy factory has kept open ■ a month lunger than usual'this year. It will closo on 31st .inst. Endeavours aro to bumado to induco the milk-suppliers ,to continue their; contributions as late m the season as possible and so enable, tho Factory ©be more profitably" worked. . , • The Queen's Bibtdday.—Ladies, no doubt, will soon think of preparing! for the ball that will be given 1 in honour of Her Majesty's birthday, and wo have much pleasure in calling attention to our'recently imported and olioioe assortment of materials suitable for balls and evening wear; at the Wholesale Family Drapery- Warehouse Te Aro House, .

HcnETorortE it has sometimes been found difficult te match the various requisites for making up these dresses, aud so to obviate this difficulty we haveimportcd a number ol complete unmade dresses, with all necessary linings and trimmings'to match, among which will be found those that appear in (ho next paragraph To Aro Houso,

.. EsißnoiDE'nED veilihga in vieiu rose, eau do nil, white, coral, sky, pink and cream; tosca nets, with lace and ribbons, in gold, heliotrope, eau dc nil, euoaljptni green, pale blue, ttc, io; salmon veiling, 'embroidered in silver; heliotrope veiling, omkoidered in gold; Brpssel's nets, in old rose, cardinal, oraem pink &0., variously embellished; a grand assortment of Fiench tulles in blaok and in all the most fashionable colours at To Aro House,

And then we have an excellent selection of evening gloves, hosiery, fans, wraps, with some very ohoice and attractive opera cloaks in silks and plush, realty beautiful goods, Ladies should before purchasing make an early and complete inspection of what wc are now showing iu materials or balls and evening dress,- at tlto Wholesale Family Drapery Wavcliouso, Tc Aro ! House,—Advt.