Wairarapa Daily Times. [Established 1874.] SATURDAY, MARCH 23, 1895. NIL DESPERANDUM.

Wairarapa Daily Times, Volume XVI, Issue 4983, 23 March 1895, Page 2

Wairarapa Daily Times. [Established 1874.] SATURDAY, MARCH 23, 1895. NIL DESPERANDUM.

Willi,i: it s wise during a period of depression to look all unpleasant facts fairly and squarely in the face and to indulge, in no illusions, tho old motto " nil tkspcramkm " should never bo forgotten. Times are about ajrbftd now in New Zealand as they well can be, and we have some right to believe that they are going to be a little better. Several of our industries arc displaying signs of activity, notably gold mining and timber production, but on the other hand the value of stock has fallen to a very low price, and tho value of land is going down. The reputed rise in the price of wool ut Home and the welcome rain which is now renewing burnt up pastures, will both tend to counteract this retrogression. It is the opinion of many thoughtful men that tho present low rates ruling for sheep, brought about a variety of circumstances, are less than thoy ought to be, making full allowances for all considerations affecting them. There has been a sort of panic amongst settlers, and it is shrewdly suspected that buyers have not been slow to take advantage of this to bring down rates. There have been times within the last year or two, when settlors havo had things all their own way, and buyors have suffered, Now the reverse is happening, and somo buyers ought to be making a big harvest on tho basis of their present purchases, If, as we believe, prices aro unduly depressed, there must be an upward movement in a very short time. Of course, we have tho winter before us, with an intensified unemployed difficulty, bat we believe even MrSeddonis Blowly getting rid of all illusions pn the subject, and that be will restrain his

colleagues who have hopeless and incurable bees in their bonnets, from making matters worse by further harassing employers of labour, and by renewed attacks on that capital which is practically the wages fund of the Colony, Nil dcspemnthm is a watchword for politicians as well as for bucolics. Tho Ministry will hnstcli to trim the ship, so that it can right itself or go below and let another watch take its place. While things went smoothly Ministers could ride their hobbies with safety but the colony is at last roused to tho necessity of sweeping away all tomfool legislation and administration which stands in the way of progress. Nil despcramhm may safely be said of the political outlook for even the Liberal party dare not run riot any longer. It may also be the motto of the farmer and the trader for if they can only hold on while the present awkward corner is being turned ithcy will hayo a fair road ahead of them,