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The Waikato Times AND THAMES VALLEY GAZETTE.

THURSDAY, OCT. 25, 1888.

Equal and exact justice to all men, 'Of whatsoever state or persuasion, religious or political.

It will be seen by our report of the meeting hold at Ohaupo on Tuesday, ■that the Waikato Farmers' Association has been fairly started. We •confidently predict for it a most useful and prosperous careor. The members have learned wisdom by the dearly bought experience of •others in the past, which should be a safe guide to them iu their course. 'The wrotched failure of the North New Zealand Farmer's Co-opera-tive Association, however, will not have been without a good purpose, and with the distinct and bitter recollections of that, society's collapse before them the iromoters of the present movement liave landmarks to enable them to steer clear of those fatal errors into -which the. defunct institution fell. Nothing can militate iu that unfortunate manner against, the suc- | >cess of the new association so long as ! they adhere strictly to the spirit and legitimate principle of co-opera-tion. From the inception and during the existence of the old Association we urged, time after time, that there should be no departure from the cash basis in all its transactions. Had those views, and that advice, been accepted and heeded by the directors the necessity for the present revival for a combination of farmers would never have arisen. The North New Zealand Fanners' Association would have been flourishing still; it would, in all probability,

have been now a, wealthy and powerful corporation, and the effects of the general depression which has swept over the colony, if not avoided, would have been felt here in a very much lesser degree. It is in times of misfortunes like those we have been experiencing that the immeasurable advantage of a strong combination of agriculturists, for the conservation of their commercial and industrial interests, becomes manifest as the sheet anchor by which the community it represents can ride out the storm. One of the most hopeful features to be recognised in tliis movement is the revolutionary turn it will give to business transactions generally, by the adoption of the system of cash payments, a system that must be encouraged and facilitated in every possible way to extend itself throughout the whole district. The almost unlimited and demoralising amount of credit which has hitherto characterised the methods of carrying on trade and commerce has, undoubtedly, been the cause of much of the financial difficulties and depressing indifference amongst the Waikato settlers as a whole. Many of those speculative ventures, whereby individuals backed themselves against time, and which have proved disastrous failures, would have been avoided altogether had the vicious credit system never gained such a wide latitude. There is another point on which the promoters of the Farmers' Association must be cornmended ; that is, the unpretentious manner in which they propose to commence operations. It is their intention at first to devote attention to the few leading necessaries of the agriculturist, by ascertaining the best means for procuring them in bulk. These articles will bo obtained and distributed by the Association. It would, perhaps, assist the chairman and committee to refer to tha back numbers of this journal in which the modus opemndi of the Great American Combine is described, in this respect. It is a fixed rule with that gigantic association to call upon all stores in each district, or city, to send in quotations or terms on which the farmers of the Combine will be supplied by them with all requisites. That is, a species of tenders for the sole right to trade with the farmers is given by the storekeepers and merchants. The most favourable house is selected and it alone becomes the " Trade House" of the combined farmers, who are virtually masters of the situation both in respect to best markets for produce and the cash purchase of their necessaries. The fee for membership decided upon at Tuesday's meeting has been fixed at the nominal figure of two shillings and sixpence. The object of so low a fee is to put it within the roach of every settler to join the Association. This is perfectly right; for the greater the membership the wider will be the influence and scope of the Association.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/WT18881025.2.12

Bibliographic details
Ngā taipitopito pukapuka

Waikato Times, Volume XXXI, Issue 2542, 25 October 1888, Page 2

Word count
Tapeke kupu
714

The Waikato Times AND THAMES VALLEY GAZETTE. THURSDAY, OCT. 25, 1888. Waikato Times, Volume XXXI, Issue 2542, 25 October 1888, Page 2

The Waikato Times AND THAMES VALLEY GAZETTE. THURSDAY, OCT. 25, 1888. Waikato Times, Volume XXXI, Issue 2542, 25 October 1888, Page 2

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