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THE TREASURER'S POLICY.

TO THB XDITOB OJ , THE PaKBS. Sir, —The Conservatism of Sir Julius Vogel becomes more and moro conspicuous as events develop themselves, and although superficially this may appear beneficial (at least to the two classes he ia bidding tor the good opinion and support of), namely, the arietooraoy and the working claes; yet he is thereby putting grievous burdeti on the middle class, expeotiag them to tte borne cheerfully by them, and, liko the Israelites in Egypt, to "make bricks without the straw" being found for thtiw. Borrowing or lending money is a " trump card " with Sitf Julius. But when retroaeliment in expenditure is suggested ac wiec and expedient daring a period of general depression, he ie at once opposed to sue!) a simple course for making both ends meet. About forty years ago in England 3lr Bichard Gobden advocated the repeal of the Com Laws and freetrade in imported wheat, with the object of a choup loaf for the working claeses, knowing thoy would '!increase and multiply" thcitou, his real aim being to supply cheap labour to the Manchester and other of cotton goods, bo aa to compete with the I world, and contribute to England's genial prosperity. Sir. Julius takes the opposite course, and secures; a ahorfc lived popularity by backing up a high standurii cf wages—from suoh oppoßite cite results are oertain to follow, Ihe middle class, as manufacturers, »grtcuituralista, or the energeotic emplojorH of labor as contraotora, cannot possibly continue to stand the double drain oMugh colonial interest for loans of money. aud high rate of outgoings: in the shape of wages. Ergo, prosperity and rapia progress for New Zealand must not be looked for, or, if expected, will not be found! It is a well known axiom in construction, that "no edifice is ' stronger than its weakest point." In other words, the weak point '.ill be sure to tell its tale and bruak down Booner or later. And bo it ie in BociaL economics, a neglected or oppressed olaas ia a source of hindrance to progress, And may lead to general decay. Yours, &$., ■ :.;'■; '■; ' Tbeltas. Greymouth, 21st September, 11385.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP18850928.2.28

Bibliographic details

Press, Volume XLII, Issue 6248, 28 September 1885, Page 3

Word Count
356

THE TREASURER'S POLICY. Press, Volume XLII, Issue 6248, 28 September 1885, Page 3

THE TREASURER'S POLICY. Press, Volume XLII, Issue 6248, 28 September 1885, Page 3