AUCKLAND. (From our own Correspondent)

Waikato Times, Volume VII, Issue 439, 11 March 1875, Page 2

AUCKLAND. (From our own Corresponde nt)

The news just received by telegraph resp9cting the £4,000,000 loan bids fair to give a fresh impetus to ( business in this city. The fact that it is to ba negotiated by the Rothschild's is lookel up~>n as a gttarantee of its being satisfactorily floated. Mr v ogels' protracted stay on the contiuent is now inteliigible. It is likely that he was during the greater part of the time in close conference with the great Rothschild, who b2fore undertaking to chapjfone so large a4oan would I think, desire to be thoroughly acquainted with the resources of tha colony and the prospective res iks of the Public Works aud Immigiation Policy. Of course, financiers by their experience with such enormous great monetary transactions would possess mnc'i inform ition on those subjects, bub it is probiblo that advantage would be taken of the pie,ence of Ndw Zealand's Trenurer to ffriix a clear and minute insight into the financial arM me^irttile tnns^ctioiis of the Colony. Tais of course, IVfr. Vogel would be able to furnish, an I his stale jn j nts w .nil be bicked by all the ad litionil testimony derivabla from blue bo >!«, with rat Übich the Premier never travels. Four readers willrTemeniber that the m tximum rate of interest authorized by the General Assembly was aix p>r cent, so that -the announcement of the loan at four ai 1 a half per c-Mifc, must b) re?n'do I as eminently favor-ible to the Colony, and indicative of undiminished confilence in its resources on the part of !£n«?lish capitalists. Mr. Dirgiville has gracefully retire I from the Suparintendencv contest, as I informal you in my list comm'inie ition was likely to occur. Tliere s^ems to bf» a general dedire on the pirt of the p-ib-hc that heshchild'on account of this voluntary aelfsicritice for the public w.*al, succeed to the position left vacant by the retirement of Mi*. G.llies, and I would not therefore be surprised if he b.'ome member fjr City West. If Mr. Dargiville has nothing e'se to reoommenl him, his indomitable energy .should be appreciated. It was not until he discovered that ther«3 was really not the shadow of a chance of his becoming Superintendent that he abindonel the fight. Trti^, he has but little experience i:i political nutters, but it is also true t!i it he has not had an opportunity of acquiring experimental political knowledge, for it is an acknow-lel^df.t-A th it that which is gdued through the me limn of L.oks, and papers avail a man little in fie flmse. Mr. Dargaville's motive in withdrawing from the contest is a reasonable one. He was uuler the impression when he announced bis intention of standing for the Superin tendency, that he wu about to engine in a good fight ; that the candidate to w'io'n he was opposed was an ultra-pro-vincialist, and, as such, would never win the votes ail continue?, of the people. When, however, Sir George Grey published what was to be his policy if his endeavours were crowned with success, not only was Mr. Darjaville surprised, but the whole of the - lectors shared the same feelings. It would be idle to prophecy what will be the result of the City West contest at this eirly stage of the proceedings ; but I hope before long to be able to give you a very goo I idea. ll> is abundmtly clear from the details of the catastrophe to the Cospatrick, that ordinary pre-ciatio-is mig'it have resulted, in the saving of more lives, if not have altogether averted the cilamity. I would sirjj^st tint in future a System of organizition should ba introduce I on board immigrant ships to ptovide for efficient action and the prevention of pi'uc in cises of the outbreak of tire; also, that the invnignnts sh.vild be divide I into pirtie*, t'lat posts should be assigned them incise of alarm, ivtuL J"*" every ship should be amply provi led with hos<% o^mmu'aic itiug with l-he various compirtments, and that occasional practices should bs held on the w.iy out. In the inquiry re-spsctin 1 * the C >spttrick 1 it was elicited that none of thes3 preciutions ha I b?ei adopted ; that thoug'i the tire wlien first dis* cove re I was confined to smoke issuing from the fore scuttle, no attempt was made to tiird the s« at of the conflagration, and that a request by the second officer to som-5 of the crew to ponetrate into the hold was not respon l^d to. M >reover the bo its were on skids, where they could only be launched with difii-cu-ty, and no supply of water, fool, cmipiws, and ot'irr jipc^s^aries was in readiness. The Rvstems of carrying iuflammible cargi, such ;\a kerospne, spirit, ifec , on board emigrant vessel, and the use of kerosene Lamps, are to b' condemned. It would be better to pay attention to th°se nutters thin to im;>>se unless irily stringent restrictions upon shipowners with regml to bo its ht! other points, many of which are practictlly useless in the event of iire or collision. I Twi^tq liners at the wharf hive just fo-il^l e,»c\ ; other, and-one of the erew — -,>f tie E iterprisi I f»e][pve — pluckily jumped overboird, and recovered j tho end of a wirp. which wasbrjken, thin p'^ve-it- j in? the injury which was likely to result by f n ■- ni.shing a means for one of tlio vessels to haul away from tho other.

A ora nnnioitmn tvo'U liar* Mips'y'a ship Scout state* that a monument has be n freote I or> one of tht? i!<'a'>da o ili- Pv.'fie :o i!t ,'iem<KV -f Cipuia Cjok, vv'io was ki li-d by t m H}i»a^p^ of O.*hvhp»\ ntneiv years ugo. The cor i mony »n k pln'6 on N >»<*uiber ] 2(h, in the prescn -a «-f Mujor Wi>lphou-e, the English Connnissionep, an.l the oanrain nnd offlje-s of th« tiomt. The monument Uan obelw-? 25ft high, and mounted on a base Btt square. It i* of concrefe, an<i b(»ars tho fo'lo.»in» inuenp'ion i-r-" In memory of the great circumn -visntor, C.io'ai t Jnn?» Cook, X N., who dwoivml t'ip<an ijiljm.^ na J inuiry IStii, A P. 177 A, nnd f li neir Ihn <pof <vi Ffhrui'T lofhi A T>. 1773 rim M)i>niiuH i )ii n»<r,rel in N jvhw ber, A t>. 187^, by 9 >r.ie of lih o juiitrytiu»n." Tiih arcliifcprt win Mr R, Li^hmari, of Honolulu, la'e of Njnhu'nbarluiiri, E jg lind." Ir i* route ion amiable %'Ot (vr'iioh the Sca-it'i f,)ni!>nMv B"if"t"'J on fit'ir first viei' in Apnl, 1372), fibout