FOR SYDNEY LETTER.

Waikato Times, Volume XXXVI, Issue 2901, 17 February 1891, Page 4

FOR SYDNEY LETTER.

♦ . ■i. ■ " '■ : ; : ■ :. ;. .-. ;; : i. " I v i . i>. i-.p-ir--.- il (•••■lid . . -, ... ...I .'..:■ i ;•<■ in-,i ;er o: . . ; ■ ■: ii iiia.-_-'iiil v nio-1 l-i:, 1',.0 in lii-, wav. A I ■ .. ■ .1,1 ! ...ii' i:d lia.l 1 ~-•_! J ,:■--■ 1 jo . ■'■ |.'o'.''-io-.| |oi- ,-!|.-.|i|,... di-awn by ■•■ :■/■•' 'ai, .ii l):.|.arlniiMit i.i the i <\\\-n y eoM ~. of Ihi -i'i' ~s. This .i - i. il "iioi|.;]|, lint the bank in my l>,.lion dii! far woisp'by dishonouring :'.■■ elie'iii"-. Technically no doubt i a- , ;-' w>;i-ij v.il.hiu Lheir rights, but a o.i-nkfi , is inontlly, as well as legally I. .iind to protect (lie credit of a. ■Mstouier of lllldoilliti.'d solvency. In Ihis ni.M. alll gh the riiir.nl .I,'i-oiml of |l|.. (iovrnmeiil with tin- bank in question appears to have 1.-en overdrawn some !_.'>!),0(10, there α-as. on I )ei:.-ndier 01, L' 1(10,(10(1. on :i-.ed dc[.o.sil. to ll)>' credit of the i ii.venimeiit in its books. Of course there are often wheels and wheels, and those who are behind iho .scenes 'enow thai, it, is quite possible for ', iovcniuient otlieials to make the \i jveiunien l account a. source of vcxa'lioii and loss to the bank which k'cc]is

ii. I'iie ('ioViTlimeiit. have iii.tde lh"ir -,t,tl. in lit. but 111 , : i-Hier sid'.: is still i.i iie heard. fl .> : lainly seem:; that .■■iici-i a coin-;-.: as the return of a cheque iliav/u on the public account by the proper oiiiccrs should only be adopted iis.ii hist iv'.soii, jMi<l i'i full vii'w of the -.evrranee of all future lnisines.s rekii i<ms willi the Government.

Tile I !.>v>-niiueut current, account, I may mention, i-; distributed over live or six banks, which have their head-iptartci-.i in Ihis colony. The lessons of the I l.iddilstoH frauds, in which the bank had lo make .m>od (he losses eauscd by paying uhci[iies drawn on an account by emb':Z/,lcnient, has ■ ii"\.,-:i lim-ne./e.-i if.\ of ijreut, caution,

•Miiiil i i.i ii-i- possible I hill, the banks p->>u.vi'iie<L may make common cause liiir-i-- (hat. the < roveniiueut depart:mi n!.s >liall either make provision for : : ,- [p;pyiiieiif- of their c'ieoii>'s like •-,-.' i : ;r.. mortals or eNe shall submit to pp.:'.-■■ : !i!-!ii returned. 'i'ii- , !::i:inci:d in.-i ii Utloli ,vh;o!> has >■ instil tiiis ■■ :;toi'iu ill a, t.-acup.'" is iii" < 'if y i;aiik. I lit il recently its :-.-.i"i'.-'i iiian.';;'rr was My Will, \cale, j i>i!;-!i'y-vcspci;ted e;cnl lemn-ii, and : ;-,;■•;'! iii-nd of (he Preniior. .He ! - ■ . I i; -i'r\-,-. held, a ]lower of atl'iri- ■>■ ,'->|- (lie 1a.!.!--;-, in order to a^ist ■i ilie Mi'ttli'iueiit of his involved eiia'maal ai'i'airs. A. tew months a;_;-ci ■c relations; between .Mr Ncalc aiid • dir<:(.-.;> >rs beeame .strained, and he ■■•■■led his position, which has sine, b■> ii l.rovisioniilly lilled by Jlr 1 '■ ;: !e.-.on as a"tiny iua.lia.^i;r. ' I -i-: in[. ri v ;!iii;;- lo n>>te that- limes ■ .'V ■ considerably changed since the i I 'ea.:i;rer concluded 11is new nieiii. v.iih lliL , banks. Then he had .- millions of surplus loan in one v ai hi-; (lisp. , .sal. He feit himself the I - ' cu.ihuii. i , tin; banks had, or were likely to have, aud he took high ;,!\.iimo iicijuriiinirly and laid down his own leriiij, Tho idea that tho (Jovernmeiit would ever need cjiisiderali"ii or ;i"-l ■;tau;'! , from its bankers. In pooh-poohed with lofty scorn. Sine" then, however, Limes have c'!.ii!;,ed. Quarter by <|iiart:er the h-ilai.iije to 111" co-luiiy's credit in i.iudnii ha-; b'come smaller and ■-..Mailer, iiiiiii at I lie end of hist, month i. \va ■ ii.-:;rJy ey.haiL.ied, and then; '■ - -in". 1 a. ;.\Tcat jni)b ibilit.y that pe -i:il ari-.':i'i;e!ii"ul-; would have to i- nr. d>: Id provide for Ih' payment ci iii', , i|;;...r!e>'ly iiitercst on the public ■ i>bl, -,>.-jii■ ■11 noi stand ; at. forty millions, n is i-u.-.f tun :ry lo replenish ;,'i>' I,ond-a iroi-uiiiit on occasion liy

iivjii Uirrowiiies, all*.L an. Ant emI")\v>'> in;; , the. Iruvi.'rniiiL'iit to raise vi'H mil'limr: in tin's way was passed u.iliuui (.l.iitiij.'.; Lit ihi'.List moments of i; .1, m's ;i.,.ii. j'liit the Muring crisis 11: i.-; demoralised Lhi! London market. and although il, is now reuoverinj;, it is nnlil.'i.'ly that Xew iSouth Wales will ask tor another loan before the \:;<- of i!i-' Victorian venture lias 1 :■ en (h-'.M ti-i'. I'nder these circuni- ■■:.)]]<:<■:<, il is nol :il all impossible that '.•u: Ti .■::mm■•■!• v. ill find it convenient m ivsori to In'* Imn!' l is 'it temporary a -.luairv flit'- 1.:'.'.! i'iV:!; , about ,i s|..i[i]i:i:.'- . ( :: '.'.:r v.'ori;.-; until he i:-.- ■ '•>.■■ ,11 ■~ ' M ~Hli| !:i pay foi , :!: ! ■■ v. Iμ v>','.i KCii'.itily . i . i <■■■ : ■■■ ■ < i manners, ar.d ■.. . . .' -■•:"■■:■•■ ' cl.ed them out ■.■:.!■■ <• ;e i.j. :,,Me parsimony, for :• : :ai Mis s(u;;!c should ber '.':■: ..!.! li'illy exhausted, til'. , Troil■ii y iVii-l.'la aie l.huir . i \: ■ i 1 'b'" i , ! , . , .'! •■ " n-iii;;- mil " a> Ion;; . !)••..-'iiil:'. llu; 1 nnot. i ontV:.is that : .'l'll- lili'lilMil- air V:TV \C.\lltii)U<. ■ .:rll>■ ti t>K'-; absuliilrly viiiiioiis. to their a')l'..ii iniaic cri( ti t< >]~. A L'lHilractwi-. ;"'!' rdoiiif bis wov!;, his a>'- , ..iii'i. if !• ' i . a '• given hand " he ! i'''i'; i ; i hi-; i'liiocriiei , tlistt he has ii'.'!i ; !i'.; in do but to P't liis i/heque. "."•.'•it al.it .'fit. It is di-V'iviavd that :■ •;•;■.• 'I".ails :)•■,•(! c!V|iiiry and (he :-. • 11M f i- r.-|'-'!-lv.l to Millie Tit" i ; " i Virle !"!' I'ilH.l), Al'l ■'!• ;t Wet'k I'M , i ■, -t- Hi" • I'eiiaiit rniii laclor a/rain :-■■.■. '.viiil.. I,Hi .M"lli,,lll the . !:.:;■; r-::.!i. I ■■ h.- is siitlieiently I ; -1 -t.-MI. I.' , IM-.V .ii.'-ver that ]li'-: :■• ; ,..i:'il i -iiiili!\ i. i ■■ .--iiiLi- iu some ,i. ~:i:-; -_t,..,i1:-1 |,i;-,.|i liole.'and |o all :■•■:.,-.■ ;.-e"-: \ik ■•'■■. In remain I here, V V-.i ;!i ; . |...iu ii-'.- i."e:i settled, [ll'le , :■ l'i •!• v'.-e.'l; ; of ;Lll\ioils Wul'i'villLC :;•.•.,- r ...;!■■ :i''.,y !>■■ raivd, and' the w .. i! ■ t ]\- ■■"-- have tub,- ;;-niie through a-.'aiii. To aii\' man who is not a !,. :, ■'■ r :i:';iii.',ii iroltef. the task of .;. Lii-i ;• lii" money is much morn t'or--■id-'l.ie tiian thai of eai'iii:ii;- it. I ,;,, i'i i>, iieve lhai the |i|.iip]r nf X'.'W ;--!; ii Wall's d'•>■-'e their otth-ial ivi ■,■: n!a:'. .-•■- I" !'■ incarnations m' .. : : ■ eva- : "!l illl-1 -ililtilill",' delay. !. ,) (her,, is a real ilmp-r that tins ;'• ■ -. . ,:i : >.■(': iiiirT . I and Jaiuiarv ■■ ' , |: -I n-. : : '■• 'lie eK'iit (jf tile ..;'.. .-,,,.,;;■ i,. L :t ■ , ,<■•:.'■'■:, bauk-.nl !' ,-.!,■ ijiiiiinisiii a' by ;'.buut lialf-ii-,.i; tj,, (|!i i,. . ~,,-.. ;,n availalili , lotiil of _•_■'. ':.i.i. , ,",|. A- ilu> iv.t" the Cl'elit v.nul'.t I" , on , ! ty iic.u'ly "xhausfod iu ■ i. .- : > •;■ two mnnlhs, Th: , jiaymcnts ;1 . j ;il ii Ty 'rnvi'Vfi', are heavier than ~■ ''m a- , , -in-.i: of ;■:■• i[ii:irti)r's ~..,;■■. |',i:i Juan i'lind-i bccnaiiny due. ! .... s'iiv.' i -iiTir!- ,-.pi>b' ■: 1.. 3favf.li, ..-,, ■< ■<, i<i < ! " i. ■:!;'.'! :ii-".iiiiit i< :i----v, . ; I ~,■ ~], ~ i; "eaius Civiilont the Civeniiuriif. will oillicr biivo to re.•■eiirh or to borrow, arid that very .Miecdilv. Ii i< ca-v to i.rcdict which ; mi ,:, ; 'ii ' 'Hi ;:iina iiii'V will choose. ;• ■ :■•,...■:>'■' ,■-.' iiii'in is still iiidid";- : ~■ v.iiii la>;ie of nio!io[)olisin",' ■ ~! •)■-; ail tin' shearing «'or!v • . ; ..' .[[■!., ui'd o{ eouipolliiv: "U

.;;■■ >: !■ ',■> j.-in ir : body. S:n-ii claims ■■!.(, preiciiMou- are si:bve:-,iv of the !i':.: rty •>•>•',,ich i, 111• ■ !>ii Ihiidii "' ev.•;■'.■ cili,: -ii of •> i'-.-> unlry. and i: i ti:':;.- I! i: l w> ii i ! ..nr aulhoritaliv. il, .i-i; i! I- iii Ir./m liie 1.i.-gi-liiln:-." en -, i : i ■ ~ , ~!. with elV'ctiv- ]•.>•,! 1111 ■- -■ :.:-:mms:. .'.:;■••!,.' ■.--. In ;h- abseiiee c> I' sllcil ;: j. ■:<<: i-i. .11 tile e.ollllllliui!y is *i*i---.i*'- I with :: lepeiitii ii of tlii' inslrii.".".!'- of last ye-ii. with its iir vi'ab'.e aicoiii;) luimeii!'- of ■ ■ 111 — bit:. !■.-.! r> ■.• liislc and disa-lron- p"cii:ii;i,\ \n«. Already the to'.:.-in is lving ::..'.mdei| for:! general s'rike, ami Ihe niilv i.-itur" is that many of t!|.. i-.iiiL ,i:id til , ; sei'in !o have more L-oii-ei. i ami more prudence ilian t'• i.-ii- e-ee-r;. They are sutMi-d with !ia.v : ii .; :raiii"d the -Us shearing rate. ;ni'i i■ -I:>■.i r-ini concessions in the quality and price of rations, find they Jo Hot See tile wjsdolll of illlpel'l 11 illlf tii. .e solid advantages by fighting tor w!)at is Loth chimerical and unjust. It look-, 100 much like " cutting oil' one's nose to spite one's fice." They have fought for high wages and have got the.n. Xow. they are asked to stop at home and sv uther men earn them, because their generals have been bitten by u maggot of mad ambition. Some of them have sense enough to see this, and it may yet be hoped th:it prudent counsels will prevail.

A rhi'criiijj l't'iMirt comes from the Paramatta Industrial School for 2-irK Twelve inoufhs it was a by-word for everything that is b:u\. 'J'hi' inmates were in a, state of open ivv.ill. ami. ;i.> may be iina.i;iueu from the conduct and lungiiiige was something terrible. ?>lr Carruthers, the ."Minister for .Public Instruction, instituted .Mil inquiry, and tonic considerable per-oual interest, in the institution. F!>- rc-orsrauised the statt. and iiud'-r tli" n<'W management special attention was ]iaid to interesting the i^irl.-i in harmless, and at the sin nr time, useful pursuits. For instance they were taught cooking and laundry work. Their self-respect was called into activity a.ud the natural deliuht which every one feels ill selfimprovement ''tintril.uted to sweeten the labour. The result is Unit many of these ill-used waifs liid fair to become useful and reputable numbers of society. This should impel the (Juvjniinejit u> tiiko some *t(.ys Jor the amelioration of the condition of the crowds of neglected children who infest our streets. Till midnight there an-; .scores of mere children hanging round our prineix-Hil thoroughfares, ostensibly selling papers, but rcallv graduating in the woi'st .school of city life, and becoming the willing tools of (lie worst, characters of both se.vs. l'.y reason of its very immaturity, all childhood, however sccmingly deprived, is capable of amendment, and il. is an excellent investment to rescue those who ntherwi.se ma.v become continued criminals.