TUESDAY, APRIL 11, 1893.

Wairarapa Daily Times, Volume XV, Issue 4390, 11 April 1893, Page 2

TUESDAY, APRIL 11, 1893.

■HJHHNHHHHi Being the extended title of the Wairabapa Daily, with which it k lOENHOAI,

Probably nine companies out of ten ' registered up to date in New Zealand have been unprofitable, non-dividend paying concerns, in which the hardearned savings of the community have been engulphcd, Many causes have brought about this result. Whenever it is feared that a business will nol pay under private management, it is customary to float it into a company. Interested persons canvas for a directory, and pester people to take up shares. The enterprise is started under unfavourable auspices, the directors probably are indifferent meu of business, for the list of really able and compotent business men in any district of the Colony is very limited. However, men aro led to believe that they will make good directors, though there is hardly any position demanding greater judgment and experience than such an office, and not till it is too late do they discover that their forecaßte of tlio difficulties and responsibilities of their position is n mistaken one. Occasionally, a really able man accepts office, and by devoting a large portion of his time and all his energies to worltiag up a com pany, makes it a Buccess; hut these reallyable men are few and far between, and will not accept office in any but picked enterprises. The rank and file of companies have to be manned with second and third class men of business, and the normal condition of tlio institutions with which they are connected is one of ohronic tribulation. Very frequently amongßt the promoters of companies are to be found clever but unscrupulous persons who do not hesitate to throw dust in the eyes of shareholders, and even to mislead careless and confiding direotors. We are apt to regard with distrust a very large proportion of the joint stock enterprises floated in New Zealand, There are somo indeed in which implicit confidence may be placed and which bear the names of thoroughly reliable persons, but the majority are not in this category, Holding this opinion of colonial joint stock enterprises we are gratified to learn that the Hon. Mr Seddon has promised to urge the Cabinet to arrange that the Government audit department shall in future inspect the accounts of all public companies. Mr Seddon, to give him his duo, is a man of his word, and his influence in the Cabinet is probably strong enough to carry the point, Wo should welcome a Government audit for publie companies, because in very many instances the directors of a tottering concern can practically select their own auditors and in their statement of accounts make a camel go through the eye of a needle, A Government audit means flashing a bulls-eye lantern into the obscure corners where unscrupulous manipulations and oon» cealmenta abound. It will not be a total check on the heks of public ' companies, but it will limit the , mischief and misfortune which they < bring about. A Government audit is ] a dispensation which honest directors , will be tli»nkful' for, but which ; dishonest directors will dread. To the i former it will he a blessing and to the ' latter s menace. WjbppptpfindMr ] Seddon redeeming h;s promise at Vs , early a date as possible. 1

By advertisement in another column the ladies of Masterton are notified that Mrs Forbes has commenced business in Queen street, with a wo'l selected Btock of every requisito for the nursery, also ladies and children's tinder clothing, Mrs Forbes will thus supply a long felt want, and her enterprise is deserving of every success. A speciality will be made in keeping on hand everything necessary for fancy work, including fancy wool, silks etc. Mr Milner Htophen says that the children of Musterton are the finest lie ever saw. Mr Milnor Stephen attributes his present vigor at the age of eighly.onelargely to the faot that he lias never ÜBod intoxicants in his life, and that he lias never smoked ovon a cigarette. The Masterton Borough Council meets at 7 p in, this evening, A meeting of the Masterton Oemetory Trust will be held at 8 p.m., to-morrow (Weduosday) afternoon, The Wellington Racing Club's Autumn Meeting commences at the Hutt Park, to-morrow (Wednesday), Mr John Hounslow, well-known in Mastotton, successfully underwent a painful oporation for a disease of the kidnoys, yesterday, at the Wellington Hospital. Tho chestnut more, Viola 11, which distinguished herself at lauheronikau the other day, is for Bate.

The Ruahino has brought on with her the shipment of 100,000 aulmon ova which was on board the disabled lonic at the Cape. It is feared that a very small percentage will be available, the unduly prolonged voyage having destroyed must of it.

Tho Wellington agentß havo received a cable message stating that the Doric loft Capetown for Wellington on Friday afternoon last,

The death is announced at London of Sir Edward Abercrombio Dashwood,Bart, The Post says the decoased was born at Kelson in 1854, anda few year's ogo he was working on the gum-fields In the Kaipara district. In 1889 ho succeeded to thetitle.andwasinarriedtoMissFlorence Norton, daughter of Dr Norton, of Dargaville. Last year ho and Lady Dashwood re-visited New Zealand, land, ing in Wellington from tho lonic at the end of May, and spent a little time in thatoity. A letter from Mr (i. A. Fairbrother will appear in our next issue, The rising in Oatamaera, a province of Irgentine Republic in the extreme is becoming serious, i total amount collected in Ensland 3 Queensland Kelief Fund is fflfJOO, company is formed to complete the iia Canal by October of noxt year, ilumbian Government will allow it rars to finish the work, peer Balfour, ex-M.P,, is in Buenos and Mr George Howell, momber thnal Green, is asking the authoriexpedite his cipture. Ballour recently addressel a meet" [6OOO Unionists in tho Leiuster Dublin, and was received with imi reported that Schmidt, the Govor. j the Marshall Islands, intends to ; the American missionaries. ting took place recently in Trasquare, An organised body of eetotallersbroko up a meeting in positien to the Local Control Bill, lestmyed the banners. Several is were injured in the mki, and iters havo been arrested. I Eev Mr Phillips, Anglican Mur (Conducted service at Anderson' 6 (Jketahuna, ou Sunday last. I and wet weather has Bet in again Fortymilo bush, ifle match, Featherston v Upper was lired at Kaiwaiwai on Saturday in shots at tho 300,5 C), and OCtyds i. Featherston won tho match by points, the total scores being 078 feral Sir Frederick- Roberts says sfonces of tho parts of India, *ith [jcption of Madras, are portoct, and 'ontier defences are strong. He thinks the friendship of the princes cements the Empire. One roan cow is ndvortised, as impounded at Masterton.

Tho Mastorton Road Board hat decided that the objections niaod agoinsl the proposed Woraite Road aro nol sufficiently weighty, and the steps foi taking the sarao will be proceeded with,

A winch on the top of a building in the course of erection in Collins-streot, Mel. bourne, collapsed. The flying fragments completely decapitated Mr Rogers, an engineer, his head heme, thrown to the opposite side of tlio street. Several passcrs-hv wero slightly injured, and a number of women fainted at the horrifying spectacle.

Mr 0. H. Osborne notifies that unless two mares left at the Mulgravo Hotel in February last are claimed by the owner within fourteen days they will be sold to cover expenses,

In Atlanta, Georgia, the evangelical clergymen have combined to induce newspaper managers to change their policy. They ask that all police reports be excluded from the columns, and that notices of church sociables and like matters t»ke their place. If refused, the preachers threaton a crusade against tho local journals from the pulpit,

Says the Brisbano Courier:—'One of the strongest figures at the recent Postal Conlorenco was tho PostmasterGeneral of New Zealand, the Bon J, G. Ward. M,ER, for Awarua, A gentleman of keen commercial instincts, energetic, alert, and capable, with prepossessing appearance, ho impressed those with whom he caine into contact as a man of uncommon power, and one to whom the destinieß of a oountry might with safety bo entrusted. He is a loyal New Zealander,with enthusiastic faith in the future of tho country ot which he is one of tho rulers, and it is easy to understand when suoh men as Mr Ward are in the Cabinet how it ib that Now Zealand has of recent years been lifted out of the financial Slough of Despond, and is now properous and on tho highroad to a oamfortable well-estab-lished future.' A discharge from bankruptcy has been granted in the estate of E, M. Turnor, with oosts,

Mr R. E, Hornblow failed to answer to his name when the jurymsnsummoned to appear were being called at the District Court this morning. Mr W, (J, Beard explained that Mr Hornblow was absent at an Important meeting in Auokland, and had left before the subpoena was served, His Honor was satisfied with this explanation and excused the absent juror, Sir Hathaway, the Borough collector, has reported that the outstanding rates at the end of March last, compare very favourably with the previous year. He is now issuing summonses for all unpaid rates,

The regular monthly meeting of the Masterton Masonio Lodge, N.Z C, No 19, will take place to-morrow evening.

Nature in her wisdom has so ordered that all animals and birds aro provided with a change of clothing to suit the season, Human beings alone being loft to their own devices; but in order to atone somewhat for this neglect, she has invested some with the brains to design, and others with skill to execute. Ever jealous of our reputation wc have our representatives always on tho look out in haunts of fashion to glean the first intimation of what is going to be the thing, and when that information has been gained to scour tho markets for the choicest of fashions productions, Wc havo now opened up our first instalment of Autumn and Winter Novelties and invive the publio to inspect. Our Show ltooms are full of the newest and nobbiest Millinery. Ladies Mantles, Jackets,'etc. Our Dress Department is crowded out with the latest fashions and designs and all other departments are similarly constituted.' We would impress upon our pubhVnot to delay making lha first selection, Hooper sad Comjany, Bon HucJtty

The Bev J. S, Gibson armed in Grey, town last evening to take oharge of the Gtoytown Wesleyan Oirouit '.via the RovW. Bowse, who haß rotired.

The usual monthly meeting or the Greytown Fire; Brigade, was held at tho Brigade Station last evening. The accounts for tho late eportß, held on St Patrick's Day, were passed for payment aud the balance sheet read. After a little routine business had been gone through, tho meeting mis adjourned until next Monday evening, when the balance Bheet will bo adopted, officers elected and other important busines transacted.

English mails will close at Masterton per "Kuahine" and "fainm" on tho 21st instant, aud wo-Frisco on the 20th.

In a new advertisement In this issue, Messrs Hounsbw and Hoar announce that they will hold a clearing sale of fur« nituro, and invito the inspection of tho public. To parties furnishing they offer special Inducements as tho whole of their stock is very superior and has been made in their own factory. As the tale is for tho purpose of settling partnership accounts, large reductions in prices will be made, The order department will bo carried on iib heretofore, and every attention paid to the requirements of customers,

Messrs Lewes and lows add to the ontries lor their next Muster ton Stock Sale on Wednesday, April l'Jth, 2600 breeding ewes, 460 crossbred wethers, 350 merino wethers, 360 lambi and 35 Romney rams.

Wo'remind oar renders of Messrs Lowes and lormEkotahuM Stock Salo to-morrow (Wednesday) at 1 o'clock. Full particulars of the entries nay be found in our advertising columns, After tho Stock Sale the Erin will soil the whole of Mr Bright's houßohold furniture aud effects at his residence, next the Universal Hotel. The old land mark in Queen Street, tho "Argyle Boarding House," which was burnt a few weeks ago, is not to bo rebuilt, but the whole aero cut up Into sit convenient balding sites and is to bo sold by public auction on Saturday next by Maura Lowes and loms, and we learn that the , sale is to enable the Executors of tho Into Mrs McKenzie to wind up her estate, so thcio may bo baigainß at the auction rooms that day,

Bankruptcy business .vrb very light a the Wairarapa District Court this sitting Applications for discharge in tin estates of Hans Beck, W. F. Sinclair and W. O. Langs'ono were adjourned until next sitting by consent,

A social gathering was held in the Catholic schoolroom last evening (or the purpose of bidding adieu to the Rov Father MoKenna. the building was literally crammed with well-wishing friends, and a very pleasant evening eventuated. Visitors from the Lower Valloy were present in numbers. A programme of musioal iteniß ititorspersed with dancing made up the evening's amusement, and although the room proved far to small, the affair was most onjoyable,' Bongs were giyen by Misses Gallagher (2), Corbetfc, and Daniolli, Master Jago, and others, Mr Gindois contributed a violin solo, and selections wero played by Mr Clifford's Quadrille Band. A supper was laid out on t-ho covered in verandah, and the heavily laden tables were attended by the ladies of tho congregation, The gathering dispersed about midnight, Tho net ovordraft of the Masterton Borough is now £671. Mr T. E, Fleming, Education Board School Inspector, loft "Wellington this morning for tho purpose of oonductiog examinations at the Eketahuna, Newman and Pohiatua Schools,

Informations for sly erog'Selling have been issued against a numbor of residents in Oliingai'i,

Wanted, from our ladycustoincrs, numerous orders for the celebrated 0,13. Corsets, of which wo have just opened out a large parcel, We will forward a pair, post free, fov 0/C, from To Aro House, Wellington, Fon Sale, a splendid lot of Ladies Underclothing, bought very much under usual prices. Nightdresses from 4/9, Chemises from 2/11, Knickers from 2/11. These are from the best Homo Factories, and are wonderful value at To Aro House. A New Lor. We have just received from the manufacturers, a first shipment of the " Ideal," all-wool Uudervcsts, for Ladies and Children, and aro selling them for wholesale prices at To Aro House.

Post Fuee, We will send any quantity of these beautiful goods by parcel post on receipt of order. Prices for Ladies sizes 1/11 to 6/6, Childreus 1/3 to 2/11, May be had in white and plain colours from To Aro House,

_ SboppinobtPosi. We make this a lend ing feature in our business. Country cus tomers served at Wellington prices. Wi keep a large staff specially for executinj country orders; so send them on early Remember! All goods charged town price: from James Smith, Te Aro House, Welling ton