Wairarapa Daily Times. [Established 1874.] FRIDAY, JANUARY 18, 1895. BREAKERS.

Wairarapa Daily Times, Volume XVI, Issue 4929, 18 January 1895, Page 2

Wairarapa Daily Times. [Established 1874.] FRIDAY, JANUARY 18, 1895. BREAKERS.

Tin; sudden full in the price of Victorian stocks is highly suggestive, aud indicates the restless condition of investors, who appear to be easily swayed by vague rumours. There is a profound feeling of uncertainty as to the future, and another financial crisis is feared. The reconstructed banks are the breakers ahead, and it is difficult to see how confidence in the future is to be restored, and the horizon cleared of the dark clouds that obscure it. Under the various schemes of reconstruction, shareholders have had to face heavy demands, and while many lntve paid up, there are numbers who are totally unable to do so. Depositors in these semi-bankrupt institutions, have bad their deposits locked up for fixed periods. The reconstructed institutions stand in this position; they have to meet on account of depositors, no less a sum than £50,224,282, the bulk of the money, £33,737,712, falling due in the three years 1898-1900. To cover this amount, there is on the other side of the ledger, the liability of shareholders and locked-up assots, in the form of real estate, such as farms and station property, and ad- ' vances to clients by way of overdraft. To enable the banks to meet the depositors with a smile, when the "kites" come home, the assets above noted, must be realised. Calls have been made 011 the shareholders without mercy, but the unfortunate shareholders are in 110 position to respond, and many nro adopting the only means of escape, by settling accounts through the bankruptcy courts; calling up overdrafts is being pushed to the utmost, but with low prices and all-round depression, there is a difficulty in obtaining money by this means; then we come to the real estate securities. Enormous sums lrnve been advanced to squatters and runholders on scandalously hiefh valuations, and it is now only i possible to sell these estates at a . very great sacrifice; So that while the reconstructed banks have to face j a real liability, a fixed and im- > movable sum, the assets show a diminishing tendency. 1 With these facts patent to every.- ■ one, is it auy wonder that there is a distrust, a feeling of no confidence. ( The whole banking world is alive to ,

tlio position, and strGimous efforts J are being made to avert another' crisis. Several schemes liave been | advanced, and at one time there ivas i KDrious talk of forming a Deposit; Conversion Trust in London, to re- i' lieve the Banks, bntthis fell tlirongh J owing to its complexity, A scheme is now projected, by Melbourne bankers, to consolidate the four or live of the stronger reconstructed banks, and extend the time for the redemption of the deposits. Even this proposal does not appear to give the necessary assurance of safety, and it is hinted that State assistance be claimed, to give strength to the scheme. It seems improbable that the proposal will prove satisfactory, or materially lessen the doubts that prevail, Some of the weaker institutions imi6t go under, and as these aie in the majority, it is impossible to avoid another financial crisis in Australasia. A substantial rise in the price of produce would givo a tone to land values, and so minimise losses; but as the tendency of product) is to go lower, not much can be expected from tlmt source. There are financial breakers ahead, and it would be sheer folly not to take heed of them, and prepare for contingencies. The closing years of the century may sec Australasia down with a commercial paralytic stroke, though we fervently hope that it may not be so.

Spurious shillings hit in circulation in A'upicr.

According In iln> Em miner, diphtheria is prevalent in Pahiatua District. The sunset last evening tvasa parlieularly Hue one, awl drew the atlciilion of almost everyone. Eight lenders were received by (lie Mastcrton borough Council (or the new gas lank, live from Maslcrlon and three from Wellington, _ We hear of several narrow capes I'rom accidents through the hot lly attacking horses while in harness. Mr A. W. Hogg, M 1t.1i., addresses his Mastertou constituents, al the Theatre lioyal this evening. Mr J. McCarthy, has been elected to represent the Mangaone Hiding in the Pahiatua County Council, in the place of MrT. Hodgins, deceased. In auolher eolmimin this issue Messrs 0. Smith Co., drapers of i\lasterton, notify that they have opened their annual clearing sale. Another " new broom" is to the fore. Mr P Jlider announces in aiwlhcr column that orders for sweeping chimneys left with Mrs Cole, lishmong cr, tiueeu Si reel, will be promptly attended to. and that his charges will be made to suit tlu» limes. Mr Mii'luienVilliiims is (ho successful tenderer for the erection of the Mastcrlon Park Grand Stand.

Three weeks' cash sale of surplus drapery, is announced by Messrs C. Smith awl Co., drapers of Mastertou Special lines are quoted in an inset (published in this issue.

Mr A T . Grace is having ii very commodions house built on his run, (Had-

The Oddfellows of Carterton will hold a long night dance in the Lyceum Hall on Anniversary night.

The Okmcr hears that a case of assault and defamation of character is likely to be brought before the S.M. at Carterton shortly,

lieeent Hoods in kelson district have damaged roads and bridges severely. The Banks will he closed on Tuesday next (Anniversary Day). Mr C. E. Brainier is suiliciently recovered from his recent accidcut to bo able lo resume olliee duty. The liuahine's butter brought, at London, Wis to 1011s,and the choiecstqualily up to 102s, The cheese, which arrived in excellent condition, brought 41s to •JBs.

Says the Wanganui Herald-.-" On (lit that a well-known publican has under consideration the issuing of a writ against a brother boaifacc for alleged slander. Should such a ease come into Court, somclively disclosures areeagerly anticipated. Tenders are invited by the Wairarapa North County (or a metalling contract on the Eketahuna-Tinui Jioad.

A special meeting of the Mastertou Borough Council was held last evening to open lenders for the new Gas Tank. Present His Worship the Mayor and Crs Hughes, Mutric, Yates, Wagg, Feist and Cullon. After consideration in committee, it was decided to accept the tender of Messrs Korbury and Trevor, of Wellington. The yarions tenders have not yet been made public. One of the best young ladies' educational establishments in Wellington is the St Francis Xavier's Academy, Ingestrc St. The course comprises every branch of an English education, with French, Latin, Mathematics, and book-keeping as required. Boarders arc charged the reasonable sum of ,C;I0 per annum, mid day scholars 25s per quarter. Early application should be made lo the lady superior, Sister Francis Xavier, as the school re-opens on the Ist February,

Messrs W. Dimock and Co., of Wellington, the well-known baconcurcrs and ice manufacturers, advertise in our business columns that llicy arc open lo purchase first quality bacon pigs in any quantity. Applications may be made lo Messrs Dimock and Go's Mastertou agent,Mr T Chamberlain, Upper Plain or direct lo the llrm in Wellington. Country residents requiring pure ice should bear Messrs AY. Dimock and Co. in niiud.

Mrs and Miss Slieppard, principals of Oxford House Collegiate School, Mastertou, notify that the next term begins 011 Jth February. They desire their many patrons and the public to know that there is 110 truth in a statement circulated that they intend leaving Mastertou.

The quarterly meeting of the Masterterton Cemetery Trustees was held yesterday afternoon. Present, Messrs Feist (Chairman), Danicll, l'crry, Buuuy and I'ayton. The proceedings which were of a routine character, included the adoption of the balance sheet published in another column, and were followed by Ihe statutory auuual meeting.

Messrs Hornblow and Co. hold another extensive sale of household furniture, en account of a gentleman leaving Mastertou, at the People's Auction mart to-morrow afternoon. Also one light spring trap, harness horses, saddle hacks, poultry and dairy cows, 10 cases apnles, J ton new potatoes anda two light chaudalier, Full particulars will he' found in another column,

A young woman named Louisa Masou she lost 111 the bush at Gitnnce, N. S. Wales, for eight days. When found was was unable to speak and too weak to write and died in a few minutes. The wives and mothers of the men entombed in the Giglako Colliery have been sitting round the mouth of the shaft since Monday, waiting for the corpses of the unfortunate miners. The rescue party is abandoning hope,

A gentlemen who was in one of the sheds 011 the Queen's Wharf, Wellington, informs tlio Post that 011 Monday last he saw a quantity of arsenic escape from a package which was being handled by ono of tlic Harbour Board employes,

"Faith-healing" services are being held at Carterton, by Mr John D. Adams, of Dtincdin. The cables from Gibraltar to Cadiz, and Gibraltar to Tangior, arc at present interrupted.

It is rumoured that Sir Henry Blake, Governor of Jamaica, is to succeed Lord Kintorc as Goyernorof South Australia. TheTongariro left Plymouth on Saturday last, for Wellington and Lyttelton, with 67 passongers and 2650 tons ofoargo. . .

Messrs Simms andMowlem advertiso a general sale for to-morrow. Commenting on the political speechmaking of the past few weeks the Hawera Star says" Most of the talk is unfortunately' Words, words,words,' but harmful talk, too, some of it." Mr J. L. Murray's half-yearly clearing sale commences to-morrow, Saturday, January 19th, at which special inducements will be offered. Japaucse workmen bathe the whole body onco a day, and somo of them twice. Public baths are provided 011 every street. A correspondent of the Bulletin says that almost every penny ot Mrs Uesant's carnings.as leeturess in Ihe Colonies goes to cancel the liabilities of theTlieosophical Literature Publishing Fund in Loudon.

For the six mouths ending ;!lst December, 1891,146,51)1 carcases of mutton, woigliing 8,899,8691 bs, and 2907 carcases of lamb, weighing 91,3851b, were exported from IS' apier. Messrs Lowes and lorns hold a very important and unreservedhalcof Australian rugs, furs, etc, and a large consignment ot clothing, at their rooms to-mor-row. They also sell, iron tanks, poultry and 10 shares in the Wairarapa Farmers' Co-operative Association. In connection with the Pahiatua Presbyterian Church, seryiccs will be held by liev. W. 11. Philip, on Sabbath, '2oth January, as under -. -Pahiatua at 11, Kaitawa Schoolroom at 2 30, Pahiatua at 7.

The charges for the carriage of fruit on the Government railways have been reduced. Parcels up to olilbs will be carried for Gd, and Is will be charged for lots between that weight and 1121b, irrespective of distance. Mr Gill, Land Purchase Agent, has concluded for -.lie Government the puicliaao of extensive blocks of land—the Hotomahana, Parckaranga, Okalm, and other blocks of several miles frontage to the liotorua Lake, Altogether 107,000 acres have been purchased, for which about £20,000 will be paid.

The majority of llie London committee appointed l)j (lie shareholders of the Bank of South Australia are in favour of proceeding by civil action to recover the dividend paid from capital. The Courts refused an injunction applied for by the Union Hank to restrain the Official Liquidator from issuiug reports. The total quantity of wool which has arrived at London up to date is 237,000 bales,of which! 1,030 bales have beensenl forward direct to the manufacturing counties. Withltheqiiautity leftover from last series there will be 230,000 bales avrilablc for llie present scries. Elscirhore in this iss.ie Mr 0. Ping, ncll, draper, of Mastcrton, invites the inspection of special lines in liis showroom.

Lord Brassey proposes to nail for Melbourne in liib famous yacht,, the Sunbeam, in April. One hundred and siity-four non-com-missioned officers in the German army have been sentenced to terms of imprisonment varying from six weeks to firo years, on charges of insubordination. A meeting of the Wairarapa Trotting Club was held at Carterton last night, the balance sheet showing liabilities .£•ls and assets ,COS being presented.

Mr C. 15. DiinioU's tender of £l4 for rooiing a coal shed at the Mastcrton Gas Works lias been accepted. The other tenders wereM. Williams, Jjlo ; Everuden, £ls.

Some girls were bathing in the Maitai Jiivcr, near Nelson, to-day, when two of them got beyond their depth, and were drowning. Their cries attracted a young man named Fred Poole, but when he jumped in the girls clung to him, anil lie had a narrow escape, but managed to struggle ashore with one girl, and two oilier men arriving, the second girl was also saved.

MrF Pirani's term as a member of the Wellington Land Board expired yesterday. The N.Z. Times understands that lie will be re-appointed. The reappointment of Mr W. A. Fitzhcrhert is gazetted. The decision of the Wellington Lund Board in the re-hearing of the case of Mrs Sharman, whose interest in a section in the Makttri district was forfeited will be given on thelilst instant. At the Masterlon Magistrate's Court to-day a By-law ease, Ingram v. W. von Keisenbcrg was withdrawn by consent, the nuisance having been abated and costs paid. | A wholesale abduction of sweethearts is reported to hare taken placo at Daly, near Fiume, on the Adriatic. No fewer than 20 young girls were (says the Vienna correspondent of the Dtiih/ Chronicle) kidnapped on Thursday night the 15th Novombcr, by their respective lovers, and carried away on horses, the parents having refused consent to thoir marriage.

"Everything that is done in this house is always blamed 011 mo," sniffed the small boy, " an' I'm just gitting tired of it. I'll run away, that's what I'll do. I don't mean to be the Li Hung Chang of this family any longer."— Truth.

At the lioyal Arch Masonic Chapter mcetiaz at Dunediu, Uro. l'orritt (Wairarapa) was elected Third Principal, and Bro Williams (Wellington). Scribe; Pro Elliott (Wellington), Recorder; Bro Smith (Palmerstou North), Superintendent of Works; and Bro Provis (Napier), Standard-Bearor. A spocial meeting of the Mastcrton Football Club was held on Wednesday at the Club Hotel, Mr Whatman being in the chair. Mr D'Arcy, the Secretary, pro tern,, explained that it was convened to consider the expediency of surrendering their present ground in the Worksop road aud arranging for a ten years' lease of the Park Oval for football purposes. The Worksop ground, was in some respects, unsuitable, aud if it were given up, the Club would have over a hundred pounds available for its future requirements. The Park Trustees required fifty pounds to complete the amount requisite for the erection of a grand stand, and an arrangement convenient to both bodies was practicable. It Was resolved that the arrangement proposed should be carried out.

Mr George Bird, a Victorian J.P., during the hearing of a ease of alleged Sunday trading, is reported to have said that if lie had been a boy who was interfered with by the police because he had a bottle of beer in liis possession lie would have knocked them down with a bottle; that the police had acted in a very highhanded manner ;that he was not a Police Magistrate, or a billing of the State, but could speak his mini freely; and that he had no hesitation in saying that the licensing laws were a blot on the Statute Book, and the result of religious fanaticism. Tho SolicitorGeneral characterises the remark respecting the Police Magistrates as coarse and grossly insulting, aud after reminding Mr Bird that this was not his first offence of the kind, states that if there is a repetition, it will bo necessary to consider whether he should bo permitted any longer to hold (he Commission of the Peace.

It has transpired, from nows recently received from New York, that the Liverpool steamer Europe had a most trying experience on her last trip from New York to London. She carried, bosides miscellaneous cargo, 681 head of cattlo aud 599 sheep. On October 8 she encountered a north-westerly gale, tho rudder chain parted, and the vessel's head could not be kept on to the sea. Sea after sea came OTor, until, the cattlepens on the portside bridge gaye way, and tho cattle were thrown out on to the slippery docks They continued 1 to mako frantic and unavailing efforts to get on their feet, until they for the most part became too weak to struggle and died, The decks presented a shocking scene, being strewn over with dead or dying cattle; When the rudder chain had been repaired and the work of clearing the deck was commenced, the men had to throw overboard 233 dead cattle and 178 sheep, while others had to be I subsequently killed.

A general moetingof members of the Wairarapa Trotting Club, is to bo hold at Carterton on January 31st.

Mr Hogg has been supporting an application of the North County Council to the Public Works Department, for a sum of £250 to repair the main road north of Eketahuua, which has been cut to pieces by railway haulage. The Department, however, will only admit a claim for £25.

Wellington City Council is in favour of the Saturday half-holiday. The motion in favour was carried on the easting vote of tho Mayor. A conference on tho mutter is to bo held at Wellington on Monday next.

Prom the Ist October to the 31st Docember, 1894, as many as 60,300 sheep were carried by rail from the Wairarapa district to Ngahauranga and Petone stations, and during the same period M,OUO bales of wool were taken into Wellington by rail.

A serious accident happened yesterday afternoon to Mr J. J. Moynihan, a well-known Wcntport solicitor. He wasriding along the Nine Mile road with Dr Wallis, wlion his horso bolted. Dr Wallis, on coming up near Moynihan's horse found it riderless. Heturning, the doctor found Moynihau lying besido the road, ho having beon thrown off tho horso. His spine was found to to be injured, and ho now lios in a critical condition,

Messrs Murray, Eoberts and Co. havo received the following wool cablegram from their London house (Messrs Sanderson, Murray and C 0.,: London, January loth—"Average attendance of buyers aud competition is limited Faulty and inferior descriptions have declined 5 per cent. Other descriptions have declined a shade."

Onu of tbc most cruel and crucifying pains mar,kind is atlliutcil with, is undoubtedly toothache. It will he of iatoio.it lo know tlmt 1 instant relief can be obtained by applying a little of Herb Extract, and Infallible Cure for Toothache, which proves a permanent euro iu nearly all cases where the teeth are hollow. Everybody at all likely to get toothache should be provided with a bottle, which can be had for 1/- each (guaranteed not to injure the tenth or health) at the AV.F.C.A.'s l'auoy Goods Department, also the following: Gorman cure for corns, 1/-; 51ort'iu Insect powder and spreaders, 1/- each; Bock's waterproof cement, I|-; Hock's l'ata piste, large tins, 1/-.—P. Bock k Co., ,Manufacturing Chemists and Importers.—Aim. The announcement is made in another put of this paper tliit a sale of greater magnitude than ever yet attempted by Te Aro [louse is now being held, and should arrest the attention, of everyone in this part of the Colony. To Aro House has loiii; held the premier position as the leading Family Drapery Warehouse in the city, and further developments ave now liking place to inaugurate the new year of 18'J5.

Early in the year Mr Smith admits to a partnership in bis business, a commercial geutleman who has long been associated with the London Imying for Tc Aro House. To thoroughly reduce and prepare the stock previous to the partnership stocktaking sweeping icductions will be made in all departments, Tho stock must be reduced by £15,000, and will bo offered to the purchasing public at most tempting prices, Meads ot families, storekeepers, s,tilers, careful housewives, young and old, rich and poor, alike will save heaps of money by reservinj their purchases for this great partnership sale, which commences ou Friday, ■lth January, 1895, at To Aro House. The old order chaiij;eth and they who do not move with the times and keep abreast with the now order, will find themselves sinking into depths of despair. It's the fashion to move ou; it pays to hurry up, "Be up and doing "the Poet sings! " Move oil" the Bobby cries! We remodel our prices with the New Year because a small profit suits a large business. We intend in the future to work ou a vetynuicli smaller profit, and do a more cash business, therefore, if you want a good article at a low price, the Bon Marchc is the place for you and your money! Have you madcup your mind that although you want several things you will not buy them unless they can be bought under such circumstances as will enable you to say " I bought theui at a low price" ? It so, you will find jwhat you want at L. J. Hooper and Co.'s. Is there any truth in the rumour that you are a member of an Association formed for the purpose of doing away with promiscuous shopping, and that your '' pals and palliasses " and all tho blokoj and blokesscs of your acquaintance are sworn under fearful penalties, involving all kinds of losses to buy nothing, even if you are tattered and torn, unless the articles you require can he got at a low price? However stringent your rules may be they cannot touch you if you buy from L.J, Hooper and Co.'s Bon Marclie,—advi.