The Waikato Times. AND THAMES VALLEY GAZETTE.

Waikato Times, Volume XXVII, Issue 2193, 29 July 1886, Page 2

The Waikato Times. AND THAMES VALLEY GAZETTE.

THURSDAY, JULY 20, 18S6.

Equal and exact justice to all radn, Of whatsoever state ot persuasion, religious ot political. Here shall the Press the People's right maintain, Unawed by influence and unbnbed by go.\a.

The demon of ill-fortune seems ever to dog the footsteps of limited liability companies in New Zealand. It were useless to attempt to enumerate the list of such institutions which have been born, run their little race, and perished within the last few years in the Pro vincial District of Auckland. If, as "Wordsworth's pilgrim tells us, the good die young, then there must be something angelic in the nature of these companies. The latest to droop and wither — it is not dead yet, - but it soon will be — is the Waikatb Cheese and Bacon Factory Company, whose seat of operations lies near Hamilton. This institution is at the present moment in extremis^ but its last moments will not be so painful as they might have beeri, since it dies that Rome — or rather the dairying industry in this „district — -may live. Eor it must ;not be supposed that because the com-, pany is so near its end that cheesemaking, and butfcermaking, and the curing of hams and bacon, do not pay. The company has been killed, not by bad markets and low prices, ' though had these been better its Yii't might have been prolonged, so much as by bad management. We do not mean by this that the directors have been inattentive or mefficient. Far from it : they have devoted an enormous amount of attention to the affairs of the company " without any pecuniary reward LJ&rir do we mean to insinuate tjfiat; the practical management has beety incompetent, because the directors ■would have said so b^cl. such been ! ilie case. A careful perusal -of 'fine report of the annual , meeting of shareholders, which we print iii another part of this issue, will fiiUy

elucidate our meaning. Too much land, too costly buildings and plant, tx> little capital, and too big a loan and ove^rat't, combined w^thjbusu ness losses uim|6i^bl# would be^Sgujpbietffc j|fc wrwk l||co||| more vf|4litey\than a^bhej|i& ta^vOj^. ■< lhe present $)ositidn of wttairsis SO clearly set forth in the admirable l - speech delivered by Mr Swarbrick tliat thoro is no need t.o explain [ it here. The original shareholders . have nothing left to do but to pay and look pleasant. As we have already said, the downfall of the it tfSH&fftuty does not involve the des-j Hflrfftifoti of the induki^', and thougli . the non-suppliers may feel a little natural soreness at the loss, of their, * "SS'nSyT^ey must take consolation „; fipprthe fapt that the factory 'henceL 'forth' 'will confer greater benefits * mpwrfehspf ftrmers. * :As* rt "rnatt'ei" u '6f fact, nobody ever seriously expected ' a dividend, so that, after all, the loss to theMiQO*suppliers is more apparent ffwmreal. - ,

'The Wakatipu sailed from Sydney t>n*tl)6 27th inst., for Wellington. , y , ,

A Eeuter's telegram, dated Melbourne, July 27th, states , that a general 1 rainfall has been experienced tlmmghout the colonies. !Tfce debate oh the Loan Bill was continued in the House on Tuesday. The matter is 1 pretty fully dealt with hi the telegrams of our special correspondent at Wellington

The following tenders we>e received by Mr Cornish, Hamilton, 'for new roof to house:— William Taylor, plumber, (accepted) £1G 10a (id ; W. Davis, labour only, £4 : J. Paterson, Cambridge, £10 15a ; S. Downing, materials, £20 ss, and labour, £4 10s.

A. correspondent, writing 1 from London to a friend in Hamilton, says :— "' The Exhibition is magnifioent, but the New Zealaud Court has been 'botched' iiud is the managed of any, and the South Island, as iwiil, has been favolired at the expense of the North."

We are glad to announce that the fine collection of bonks belonging to Mr 'Jes^op'.s circulating library baa been bnujht for the Hamilton Public Library. We beg" to call attention to an "advertisement elsewhere, asking persons \vhi> have books belonging to Mr Jessop's library, to return the same.

We are glad to see that an attempt^ to be made to establish an Athletic Club* W "Hamilton, for which purpose a meeting of those interested will be held at the Commercial Hotel on Saturday evening next. The subject has-been "Warmly taken up by a number of the young men of the iqwn, and we have no ddubt that a club will be formed. '

The Pakuranga hounds threw off .it Ellison s old farm, at Kirikiriroa,, on Tuesday morning. Hares were plentiful, but owing to the scent being bad no run resulted, and a wretched day's spent was the consequence. Mr , Bullock-Webster sustained a fall, but /fortunately was not , seriously injured. The hounds will meet at Hautajm at 11 a.in.to-day./

The statement in our last that Mr Spe.\ko hud been appointed manager of the TamVhare Cheese Factory, the property of the" Waikato Land Association, is incorrqcC; M&Spcake has bqen.secured by Mr H. Reynolds to manage a djiiry factory which he is about to erect on Ins estate at XeAysttsdv Mr Reynolds has resigned the management of the Land Association's „ estate, and -will leave Woodlands for his fU&$ hprjie gt'New3tead in October next.

; At the half- yearly meeting of th,e Taupiri Extended Coal Mining' Com pan v, i bbe< dilators' report; was as folio wfe t— "The dir^cjtpiß begf, jto sub,niifc< the, balance-sheet for tW half-year ending June 30th, 188 G. Tliq profit and loss account shuws a net profit 'for the, h'aU-year of £'4,2A0 13s lid, which the directors recommend, to appropriate ad follows :— £ooo to payment of dividend of Is per share, and £900 to bonus of Is (>d per share, the balance of [ £740 13s lid to bo carried forward to ; new ' | account."

A man named W. A. Thomas I met with a rather serious injury on ThuivsI day, while- engaged trimming some pine tree 3 on Mr Hugh Fergusons farm, H.iutapn. While holding down a tfranch' with hi* left hand, he made a blow with ibis slash ,h,0,0k, cutting through tbe ; ,branch aimed at, and severely wounding his arm, which was cut through to the bonk. ' He lost a considerable quantity .of bkiod', but managed to bind up the wound temporarily, after which he hastened into Cambridge, wh^to /his arn\ was dressed' by Dr. v * Wiiddmgfcon.

, A .young fellow named Dennis Murphy, who has lately beeu employed by the Waikato County Council as a day .labourer, Hn the Itangiriri districts,;, wan arrestfecTa^ Tajipo a few days ago on several charges of stealing cattle from settlers and others in the neighbourhood of Hamilton. He was brought before Major Sc.wneU, 11. M., on^lpnday, and remanded toJtirxnjilton, wh^i'he arrived in charge of Constable Wild O& 'Tuesday afternoon. He will be brought! up*beiore the. R.M., at Hamilton on Tuesday next. The prisoner has lately been hvjngf in Hamilton Es\st, and it is .Uleged that he has taken cattle and sold them at different times.

Professor Lio Medo, the renowned elocutionist and phrenologist, appeared at the Public Hall, Hamilton, last night. There was only ( a moderate attendance, but fchi'se who were present enjoyed a treat seldom placed within the reach of u country audience. , The professor, apart from being a thorough master of the science of which he is an exponent, possesses wonderful elocutionary talent, and his rendering of the trial scene from Pickwick was a thing to be remembered. In the course of his lectme, which was a most brilliant one in every respect, he introduced a number of selections from popular poets, all of which were given in a manner ! which left no room for adverse criticism. Professor Medo's observations on phrenology are worthy of careful attention. He has evidently mastered the science. His illustrations and examples are apt and interesting and deserving of close attention. His collection of ! models and diagrams is in itself an exhibition well worth going to see. At the close of the lecture, Professor Medo examined the heads of about a dozen members of the audience, and hit off their characters to a T. The professor will appear in the same place to-night and 1 to-in.urrp.\v night. To-mcfrfcow evening will .be devoted ,to the, subject of a.niinal mag"rietisnl, and the professor will give practical demonstration in the science of mesmerism. We can heartily recommend the entertainment to both old and young.