A FICTITIOUS DANGER.

Evening Post, Volume L, Issue 53, 30 August 1895, Page 2

A FICTITIOUS DANGER.

Tho Treasurer and the Premier speak of the ruin and desolation whioh they assert would follow tho Bank ot NewZealand's going into liquidation, as if the whole of the Bank's assets wonld vanish into thin air the moment the doors closed. Yet it is asserted that the Bank is aotually solvent,- and that although all its capital has disappeared thoto is only a very small, if any, deficiency in its assets as compared with its liabilities. Indeed, within the last 48 hours sworn proof lias bsen pnt before tbe Governor-in-Connoil that the assets in the oolony exoeed the liabilities. If this proof had not beenafforded, the Froolamation making the Bank's notes a legal tender could not legally have been issued. There is, therefore, no inevitable necessity for any very serious disarrangement of trade following a determination to wind up the Bank. It only requires a little financing and statesmanship on the part of the (Government to enable _ such an operation to bo performed without any serious dislocation of trade, or even muoh temporary inconvenience to the Bank's onstomers or depositors. Tbe deposits, whether those of the Government, local bodies, or private individuals, have not been lost. The money wonld in due time be available to pay everybody in full, or very nearly so. By guaranteeing the payment of any ultimate defioienoy, and arranging with other institutions to make the necessary advances to prevent inconvenience through delay and looking np of resouroos, the Government could enable the Bank to go into liquidation without any oommoroial catastrophe ooonrring. It would bo infinitely oheapor for the colony to assume the responsibility for any ultimate defioienoy in the realisation fit the Bank's assets, and to pay for anticipating that realisation, than to go on rendering assistanoo to the extent of an indefinite number of millions, year after year, to enable the Dank to maintain a precarious and strnggling existence. We arc far from desiring 1 to see the Bank wound np, but we are convinced that the interests of the pnblio demand a final limit being plaoed on the amount of assistance which the colony ia to give to keep tbe Bank afloat, and an absolute aasuranco that this amonnt of assistance will not in the end prove insufficient, but will suffice to enable the Bank to in future " paddle its own oanoo" and purßue its voyage peaoeably and prosperously. Tho proposals of the Bill now before Parliament do not fulfil these essential conditions, and we objeofc to an unsubstantial bogey being conjured up to prevent fair consideration ot an obvious alternative. By exeroiso of a little skill the Bank could, if necessary, bo wonnd up without any of the dire consequences on which the Premier and Treasurer dilate, following the proceeding. This fact should bo borne in mind when considering the whole qnestion, and deciding what is the best course to pnr&ua under the circumstances. No coarse whioh enables the Bank to continue business ozcept under conditions of absolute stability, or which fails to ensure finality as regards the liability of the oolony on account of tbe Bank, can be regarded as satisfactory, nor should any scheme failing in either of these particulars be accepted. • A three-oolnmn report of the debato on the Bank queg'lon will bo found, on tb fl fourth page /¦ Yesterday the Premior was interviewed with reference to the construction of the proposed Greatford-Levin railway, and asked to give an assnrance that if the line was made by a private oompany tho Government would nse it. The hon. gentleman promised to lay the matter before the Cabinet. Air. John Hxtghee, of Pahiataa, bna been appointed to aot in conjunction with Mr. Tone, Crown Lands Ranger, in making the re-valuation of tho Makuri sections. Speaking at the meeting of the City Counoil last evening, Counoillor Harris said that, on the whole, he thought the Local Government Bill was a good one, but, as bo many bodies were interested in it, it was only right that more time shonld be given to consider it. He therefore moved that the Executive of the Munioipal Association should bo recommended to ask the Government not to attempt to force the Bill tbrongh the House dnring the present session, in order that local bodies should have time and a fair opportunity to disouas and comment upon snob, large' and draßtio measures as -those proposed in the Bill. The Mayor Baid it might be taken for granted that tho Bill wouH not Ko through thiß session, 'i he motioa was seconded by Councillor Fraser and agreed to. Mr. William Augustus Nealo, of Waikarimoana, is gazetted a Justioe of the Peaoe for the oolony. A resolution was passed by tho Trades Counoil last night expressing regret at the opposition of certain members of the Liberal Party towards the Fair Tenders and Undesirable Immigrants' Bills ; threatening to oiroulate the speeches of those members among the Labour organisations of their constituencies; and hoping that they will pay dearly at the next election ; also thanking the Minister for Labour for his untiring efforts on behalf of the workers of the oolony. Mr. Allan Orr writes to point out that the Chinaman whom Mr. Luke, missionary, says he took to the Hoßpital some weeks ago is the mau who was rescued by Mr. Orr and some footballers from a dangerous position on the Island Bay road a few weeks ago, and taken by them to the Hospital, i Mr. Orr ia gratified to know thattheir action on that occasion has indireotly benefited the Hospital by the Chinese subscriptions. Mr. C. A. Tyrwhitt Jones writoß on ths Bamo Bubjeot, pointing out that the man was taken to the Hospital, not by Mr. Luke, bnt by j Mr. Orr, the Seoretary to the Anti-Chinese League, which affords proof that the AntiChinese movement is not aotuated by the barbarous and spiteful malevolenoe Homo people attribute to it. A. correspondent seeks a remedy for a disease in fowl whioh takes the form of hard lumps or oornß on the aoles of the feet, causing the toes to contraot, so that the bird cannot stand upright. The bankrupt estate of Walter Hart, blacksmith, of Uanukau, has been transferred to Wellington. A meeting of creditors will be held next Monday. At the annual meeting of tbe Government Insurance Literary and Social Club — Mr. U. M. Luokie, Vice- President, in the ohair— the report showed that there were 57 members, and that there were 68 volumes in the library, apart from magazines and reviews. Thanks were duo to Messrs. M. Fox, A. W. G. Burnes, A. R. Kennedy, Schwartz, J. E. Read, Kinniburgh, Spackman, J. A. Thomson, L. B Jordan, F. Leokie, Fraser, and Horan for donations of books, &o. Regret was expressed at the death of Mr. R. J. S Todd, one of the Vice-Prosidents. The balance-sheet showed receipts amounting to .£57 19s, and the expenditure .£52 Us lOd. The balance in hand wan JSS 7a 2d, the assets .£25, and the liabilities nil. The report and balance-sheet were adopted. Offioers were elected as follows : — Patron, Hon. J. G. Ward, Colonial Treasurer (re-elected); President, Mr. J.H. Richardson (re-oleoted) ;' Vice • Presidents, Mr. D. M: Lnokie, Dr. Cahill,- Messrs. M. Vox, W. B. Hudson, G. W. Karltrop, G. Robertson (all re-elected;, R. 3 M'Gowan, J. O. Prudhoe, W. J. Speight, and R. C. Niven ; Committee, Messrs. J. W. Kinniburgh, G. Criohton, B. V. Blaoklook, W. S. Smith, G. C. Faohe (all re-eleoted), J. A. Thomson, and H. Spaokman ; Hon. Seoretary, Mr. L. B. Jordan (re-elected) ; Hon. Treasurer, Mr. F. B. Bolt (re-elected) ; Auditors, Messrs. A. H. Hamerton and H. S. Manning. It was deoided to hold another reunion at an early date. A vote of thanks was passed to the Seoretary for his servioea. Any persons found damaging the wire fenoca on the Thorndon Esplanade are to be prosecuted by the City authorities. The next half-yearly Communication of the Grand Lodge of New Zealand Freemasons is to be held in the Masonio Hall, Auokland, on Wednesday, 30th October. The annual meeting of the Incorporated Institute of Aooountants of New Zealand was held in the Chamber of Commerce yesterday, Mr. J. E. FitzGerald, President, ooonpying the ohair. The annual report and balance-sheet were adopted, the latter showing a credit balance of .£355 Is Bd. The President delivered an address on the aims and work of the Institute. Vaoanoies on the Counoil were filled by the eleotion of one member eaoh in Auokland, Napier, Wellington, and Chrißtohnroh, and two in Dunedin. Subsequently an extraordinary meeting was held, at whioh alterations in the artioles of association were made providing for the establishment of separate olasses of members to be known as Fellows, Associates, and Students. A special meeting of the Institute is to bo called to confirm the alterations, and when accomplished steps will be taken to hold examinations in tbe various grades throughout the colony. In spite of drawbacks at to weather, the ooncerfc given at Thomas' Hall by Miss Medley and Mr. A. F.Hill in aid of the funds for the relief of the unemployed has realised a net anm of £4. The gross takings were under .£lO, and the expenses were reduoed to a minimum, the proprietors of the Eviniso Post and New Zealand Times making a speoial redaction on the advertising, the Dresden Company providing the grand piano and organ gratis, and Messrs. F. W. Haybittle and E. B. Briitovr giving Thomas' Hall free of oharge. Excursion fares to the Christohuroh Exhibition by the s.s. Anglian, which sails tomorrow, are advertisod. The weekly meeting of the Wesleyan Literary and Debating Society was held in the Taranaki-street classroom last evening, the Rev. W. Baumber in the ohair. An ably-written essay on " Tennyson " was read by Mr. E. L. Burgess, and selections from the poet's works were reoited and read by the essayist, and Messrs. W. J. Helyer.J. H. Haslam, B. W. A. Kellar, and W. E. Fuller. Next Thursday evening Mr. G. M. Yerex will deliver a leotnre entitled " The Paradise of the Paoifio," illustrated -by limelight views. The net prooeeds will be handed to the Unemployed Relief Fund.

In future any officer of the City Counoil who is totally incapacitated from work for any long time owing to illness or accident, is to be paid full salary for the first month and half the amount for the second and third months. Counoillor Tatmn's propoeal that information be sought as to the power of the Council to establish a Chinese quarter, or the steps requisite for obtaining such power, was thrown out by the City Connoil last night. Besides the mover, Councillor Tanner was its only supporter. Four men were arrested this forenoon by the polioe on charges of vagrancy. Yesterday afternoon the Cnstoms officials seized 8000 oigors and 441b tobacco, whioh were found Bocreted in one of the water tanks in the engine-room of the b.b. Tongariro. A central Committee of Labour and Political organisations is being formed by the Wellington Trades Counoil, in prsparation for the next general -eleotion. An nnoooupied shanty on the Sonth-road was destroyed by fire yesterday afternoon. Chief Detective Campbell returned from the South by the Takapuna this morning. Tho first meeting of the Exoeutive Committee of the Wellington Volunteer Rifle Association took place lost evening, Liout. Hyde in the chair. It was deoided to hold the Association's meeting on the 11th of November. If suitable arrangements can be made, it is to be held at Trontham. To enoourage all olassos of shooting men amongßt tho volunteers to compete it is proposed to divide all the matches into three olasses, an equal amount of prizes to be given to eaoh doss. Thero is to be a speoial match for tho cadet corps at a nominal entrance fee, the Association supplying ammunition for it free of oost. The committee adjourned till Friday next. "Citizen" dissents from the views of other correspondents as to outting the trees on the Wad, otown-road. It waß necessary to cut away the lower branohe3 and large trees in order to let tho sun dry the road. The reserve, "Citizen" thinks, is used for improper purposes at night. Mr. David Hall, City Missionary, is confined to his house through sickness. Those to whom he usually takes allowances from the Benevolent Institution are requested to arrange with some friend to get their usual allowances. A man named T. Byron appeared this morning before Mr. Martin, S.M., and for being a keepor of a brothol in Hill-street was fined .£5, with the option of going to gaol for a month. A respectably-dressed girl named Bella White, whom the polioe found in the same house as Byron, appeared on a oharge of vagrancy. Mr. Wuford acted for the accused, who swore that she had just returned from Australia, and had money of her own, as well as an interest in a circus in Australia. His Worship said that no meroy should be shown to Byron, as he was evidently living upon girls of this sort, but the unfortunate girls themselves shonld be mote mercifully treated. He ordered the accused to leave tho oily at onoe, otherwise ehs would have to go to prison for three months. Aoonsed said she would not leave the oily, and preferred to go to gaol. The Magistrate thereupon adjourned the caBO till this afternoon, to allow her to reconsider. Later, Mr. Wilford stated that she had elected to leave Wellington. For drunkenness one first offender was fined ; and Thos. M'Gown was fined 40s, in default to undergo seven days' imprisonment ; while Sarah Aldridge was fined 10a, in default 48 hours' imprisonment. In the caso against J. NankiviUe, charged, on remand, with having used obscene anguage in a railway carriage, evidence was givon that the language nsed, though bad, was not obscene. His Worship altered the charge to ono of violent and offensive behaviour, and fined NankiviUe 60s and 15b costs, in default to go to prison for 14 day s. Amelia Smith was convicted of an assault on Henry S. Mountier, and was ordered to find ono surety of £5 to keep tho peace for three months. Mr. Patorson appeared for complainant. The caso of the boy John Jenkins, lately ordered to be birohed and sent to Bornham Industrial 'Sohool, waß re-opened. His Worship said he had made enquiries and hod heard only complaints about the lad, who was evidently uncontrollable. The case was adjourned for a week, to allow Mr. Hadfield, who appeared for the boy, to make arrangements for sending him up country. A oharge against Bernatd M Manus of drunkenness whilo in oharge of a horse and oart at Petono, was adjourned till Monday next, on the application of Mr. Jellicoe, who appeared for the aooused. The Star of Wellington Lodge. 1.0. G.T., met last evening, when one candidate was initiated. It was stated that the Lodge would hold a concert instead of meeting next week. A man named William Dyer has been admit 1 ed to the Hospital, some of his ribs having been broken through a fall down one of the holds of the Talnne. The Alhambra Gaiety Company played again last night to a good bouse. 'Ihe bicycle tricks in particular were greatly applauded. The oompany appears again tonight. The Southern Cross Society met last night at Thomas' Rooms, Mrs. Plimmer presiding, for tho disoussion of Miss Greenwood's amendment to olause 4 of the Society's platform, viz., " That olauao 4 be altered to read —'To seoure for women higher remuneration than they at present obtain when their work is equal to man's.' " Ten members spoke to the question, all taking the view that women shonld reoeive equal pay for oqual work. Tho amendment was therefore lost. A paper was read by Miss Boughton relating to a scheme for a Women's Club. The matter will be djsoussedatthenext meeting,when" the Secretary will read an article by Mona Caird. The rules of the society wore considered and passed. In the Magistrate's Court yesterday afternoon, judgment was given for the plaintiff in the oase of Mrs. Priaoilla Aldous v. H. Doherty, for £1 0a sd,' and costs 6s. Mr. Jardine appeared for the plaintiff. Judgment for the plaintiff for .£1 17s, without costs, was given in the case of Thos. Ahchurst v. Wm. Eagle. Judgment was reserved in the case of J. Staunard v. N. P. Ward, a olaim of Bs. The annual social gathering in connection with St. James' Presbyterian Sunday Sohool, Newtown, was hold last evening. After tea (to whioh about 200 soholars sat down), an excellent programme ivas provided. Mr. C. H. King had oharge of the mußioal arrangements, and Miss Warwiok and Mrs. Shirer officiated at the organ. A meet of the United Hunt Club is to take place ac the Hutt Bridge at half-past 2 o'olook to-morrow afternoon. An advertisement requests that all accounts owing on the Catholio Church, Johnsonville, be sent to Mr. Felix O'Neill, Treasurer. Japp's Bind has deoided to play on the Thorndon Esplanade oa Sunday afternoon next, the prooeeds to be given to the Garrison Band to help to bear its expenses at the Timaru contest. Members of the band are requested to meet at the Drillshed to-morrow afternoon,' at 2 o'clook sharp, in uniform. Job. E. Lindbere, the cheap draper, Cubastreet, directs sneoial attention to the numerous bargains lie Is offering during tbe last few days of the sale. Fearce'a boot tale at the Boot Arude, Cubastreet, will close to-morrow. Some extraordinary bargains are promised on this, the last day. Now ideoSiu boots and shoes have just arrived by the Gothic to the speoial order of B. Hannah «ud Cou Cash Boot Market, Cuba-street, asd the Boot Palaco, liombton-quajr. This shipment contains some of the rery latest shades in leather and shapes, which means durability and comfort at moderate prices. As spring approaches gardening operations begin, and to meet the rcquiremeata of gardeners Cameron & Christi* have just landed a splendid assortment of garden tools, suitable for ladies as well us gentlemen. We are asked to remind our readers of the travellers' sample sale now on at C. Smith's, tie rash draper, Cuba-street. All these samples tyill be sold at Glasgow prices for a few days longer. I George Winder, ironmonger, bottom of Cuba- j street, notifies a purchase of over 150 yard or bass brooms, the largest size, at auction. He is now offering them at leu than half their usua price. Having a large shipment of Walker and Hall's plated ware to arrive, he is offering a bonus of 4s on every pound's worth of his present stock, The late arrival of the Tongariro has caused a good deal of inconvenience to the D.1.C., as a urge portion of tbe company's spring goods intended for tho opening of the season were shipped by her. Now that the steamer has arrived bringing these much-wisbed-for goods, thero will not be any further delay in making tbe D.T.C. spring enow. A. G. Tnine and Co. advertise an unreserved sale of furniture, &o.,in Willis-street, on Tuesday, 3rd September, at 1-30 o'clock. A. G. Tame and Co. will sell to-morrow, horses, 40. Tonnsend and Paul will sell to-morrow, horses, Ac. W. F. Shortt will sell to-morrow, fanoy good*. George Thomas ana Co. will sell to-morrow, fruit. ' laery and Co. (Limited) will sell to-morrow, fruit. Spring cleaning is to the ordinary male ratepayer a time of sore trial and tribulation. The best regulated household beoomes thoroughly dlsorganißed on this annuallyreourring oooasion. The smell of soapsuds pervades the dwelling, and oold dinners are the order of the day. It is with a feeling of relief, therefore, that we announce that our spring oleaning is over, and the warehouse is now spick and span to reoeive the lovely spring and summer goods whioh are pouring into the Wholesale family Drapery Warehouse. Te Aro House. It may be stated at onoe that these goods far exoeed anything that has ever been shown here. There is a rioh treat in store for the ladies of Wellington when they,oome to inspect the exquisite now dress 1 fabrioß, the very tasteful and elegant blouses and costumes, the brilliantly-designed Parisian millinery, and the bewildering display of novelties in cotton piece goods, whioh may now be teen at the Wholesale Family Drapery Warehouse, Te Aro House. It has been the onstom in years past to inaugurate the season with a grand promenade display of the new goods. This will be done on the present oooasion, but on a soale far surpassing any previous 'effort. The entire establishment will be devoted to this exhibition, of the season's fashions, and it is quite safe to promise the most brilliant display that has ever beon made at the Wholesale Family Drapery Warehouse, Te • Aro House. — Advt. Without a doubt one of the most magnificent displays of Eleotro-nlate Goods ever shown m Wellington is being made this week by Messrs. Wilkins ,fc Field. It comprises a oomplete set of samples (amounting to several hundred pounds) from one of the best and largest manufacturers in Great Britain. As these goods have been purohased at a heavy disoonnt off English prices, thoy wiu sow be told at fully 33 per oent. below their intrinsic value. Inspection ia cordially invited, and we would reoommend intending purchasers to oall at an early date, so as to seoure the first selection. See the display in the window.— Adtt. EUOAITPTB T. IHIXTJBNZA.— NOW ttit the dread enemy has again appeared among* us, bringing with it death and disaster, it behoves us to look around us' for the best remedy to oounteraot its ravages. So many

certain cures have been pnt before the publio, but none of them have stood the test like Coleman's Encalypte Extract. It immediately alleviates the most diatressipg symptoms, it dears and heats the bronchial tubes, braoOß up and fortifion the lungs, and acta like a tonio on the nervous system, and effeots a rapid oure. This Eitraot oorried off the highest award at the Chicago Exposition, 1893, beating nine competitors. Ask for Coloman's, and take no other, fold everywhere. Wholesale agents — Saarland and Co., Kempthorne, Prosser A Co., and P. Hayman * Co.— Abvt. Obbtainlt the best medioine known is Sander and Sons' Euoalypti Extraot. Test its eminently powerful effeots in coughs, adds, influenza— the relief is instantaneous. In Berious oases, and accidents of all kinds, be they wounds, burns, scaldings, bruises, sprains, it is the safest remedy— no swelling, no inflammation. Like surprising effeots produoed in croup, diptheria, bronchitis, inflammation of ihe lungs, swellings. *o. ; diarrhoea, dysentry, diseases of the kidneys and urinary organs. In nse at hospitalß and medical olinios all over the globe ; patronised by His Majesty the King of Italy ; orowned with medal and diploma at International Exhibition, Amsterdam. Trust iv this approved article, and roieotall others.— Ad vr.