SECOND EDITION Wairarapa Daily Times. [Established 1878.] MONDAY, JUNE 18, 1894. CHEAP MONEY.

Wairarapa Daily Times, Volume XV, Issue 4750, 18 June 1894, Page 2

SECOND EDITION Wairarapa Daily Times. [Established 1878.] MONDAY, JUNE 18, 1894. CHEAP MONEY.

r fp Hon. Mr Ward promises the public ehoaj) money, and this will be a wonderful pimacaa f-beu* ailments, but we fear lint be oifeis it in mjich tjhe same spiiifctbata quack offeis a oujo fprspnle deep-seiicddis-Aidei, the outcome Jmjng a bi,g bjll for the medwue 'jjn'piiiipd 1 constitution. No Qovernnie'i'ij'.cau, promise cheapmoney, andnpTreiw snrer. op guflfpjtce i,t. The laws which JiiaVo pney filiejji $■ fo'.Pie i not very amenable to political in.-! fluences, A pelitieian who pppnot; mnke a ten pound jiote for hiniself, may undertake to produce a mlllfpn for the people, but such an untlci fak., ing is a delusion and a sham. The wlible scope and policy of the pie.ienf. Government, so fur, has been very much in the diieci'on of ddiv money, and it would be idle to suppose tint thoy now,are piepnrod to reverse their own policy. .We would be deljgWed fo find the Hon, Mi- Ward able to,cheap,eu »s(>»}' jji jSjiis colony, for this would mean j'vogress and prosperity for all, tut'w ; hen we afrk bow is be tp accomplish such a beneficial work we get a decided chill. The Ministerial omnn answers thp fpmsttify by jndicaviug a State pape? currency. Now f'lsstp paper rency is. not money, oaicf '.ceiiiyjfc be regarded as money by any intelligent person, Nothing is acceptedn? money by meH of bustness but gold eo(n opjfj equivalents. A cheque is taken as it can be immediately exchanged fpi gold, and a bank or postal'nbte is regarded as money for tho same reason. But a State Paper Currency can not be exchanged this reason it is not money and all the Legislation in- the world cam - it make it money. The State nrny make it a legal tender, but if a maj wants to sell a horse o.v a cow he cannot be prevenbd froni saying I must have gold in payment, and a shopkeeper who sells a bog of sugor cannot be prevented froinsAyiii-jI must have gold for this or ehse the will bo five shillings more; On ihe faqe of ft we kke i.t that Mr Sard's pbPSP m< ?W J? 0011110478); all but arawitnwfflyiir jjtimav in a sense be .cheap; becaus'9 .a |bm article .«ani!fe pi'pduc'e.iji at.a • less price than a genuine.one, \>vi this is cejnfori, jt -jyijti b'e 'a; bad day'W : ffey i paper ouwenoy be started cheapen j money. It »ill be easy to flopd'the with a countai'feit^" ! but

business mon'throagHont the Colony will not accept the'sbm:'.; The impression mjde,"on onr minds by .Mr Ward's intimation is that the 'Government, having coino to the ond of its financial teller, intends! to meet its obligations by printed pledges, instead of in the current coin of the realm, Of coarse we have not yet Mr Ward's .propoal • before as, kit we Wo evidence ihrtt it is in the direction of a suspension of cash payments, and in favour of a paper ciicuhttion. We have often heard Mr_ Ward spoken of in terms of praiso as a promising politician, but if It's idea of ohoaponhrj money i means printing iiiecloomablo promissory note«. he lv.lil, in most ps-'oplo s istimaiidn, after going up as a rookoi, come down as a stick,