The Evening Star. THURSDAY, SEPTEMBER 26, 1889.
For some time past—longer, indeed,
than we care to remember TllC ßa°iik Uinl —bank managers and chairjiceiiug. men have had to pose as apologists for hard times. It is due to them to say that although they must not infrequently have been assailed, like the ‘rest of the community, with doubts and despondency, they havts ever kept a brave face to the public, assuming the role of messengers of hope, bidding the people to he of good cheer in view of a good time coming. It says much for their prudence and sagacity that they have steered the financial barque safely through th' 6 storms of adversity, so that they are now entering the haven‘Of prosperity. Viewed in this light, the brief speech of Mr George M'LeXN, in moving the adoption of the report and balance-sheet of the Colonial Bank, deserves something more than a passing notice. He was honestly able to congratulate the shareholders on the improved position of affairs. “ The Colony,” lie said, “ has gone on apace, and although “the prosperity that is apparently “coming has not exactly reached all “ parts yet, still it is bound to filter to “ every part of the Colony.” There can be no question as to the correctness of this assertion. The margin of prosperity gradually widens from the centre outwards, like the ripples in a pool, and it is impossible but that it must in time reach every section of the community. It is not by “ leaps and bounds,” but by slow degrees and sure, that permanent prosperity is best ensured to States, as to individuals; and Mr M'Lean was fully justified in his judgment of the altered condition of altairs l»y the circumstances which he quoted in its support. He drew attention to the solid fact that our exports last year amounted in value to nearly two millions sterling more than those of the previous year, and that this year they would be much more. These millions are receivable for the actual produce of the country; so that, in other words, our people have earned so much more than in previous years. Every class in the community must in some degree reap the benefit of such an expansion of commerce. We can now breathe freely once more, for the heavy burdens borne in the l past are falling from our shoulders. The astonishing expansion of the trade in frozen mutton—which may be regarded as almost a new industry—and the rapid development of the trade in butter, cheese, and flax—which is altogether a new, or rather a resuscitated industry—are matters of national congratulation. Then in a season marked throughout the greater part of the world by the more or less partial failure of corn crops, New Zealand has been blessed with an abundant harvest, and high prices have been obtainable for our grain in the markets of the world. “Altogether,” says Mr M‘Lean, in referring to these favorable indications of our present condition, “ a con- “ siderable amount of money has been “ poured into the Colony to help its “prosperity.” And what is very much to the purpose is that it has been legitimately so poured. It is all derived from the absolute productions of the soil, and the result presents a record which it would bo difficult to beat in any country in the world.
Another favorable feature referred to by the chairman of the Colonial Bank is the considerable increase in deposits —an increase which, as he explained, is "entirely throughout the “ Colony, and spread over the Colony “in small sums.” The other day we drew attention to the wholesome fact that upwards of two millions stand to the credit of small depositors in the Government Savings Banks. We now learn from the balance-sheet that the “small sums” on deposit in the Colonial Bank amount to £1,860,000; so that, in these two institutions alone, our people have laid aside accumulations equalling about four millions sterling. If these things are not sufficient to encourage our people as to our prospects in the future, nothing could do so; for these are solid facts, which cannot be denied or explained away. And the spirit of self-reliance never destroyed nor long dormant—is, as Mr M'Lean says, “getting greater in the Colony, “as is witnessed by the Exhibition “we are about to open.” The Exhibition will be a fitting memorial of the wealth of the country, and a testimonial to the indomitable courage and energy of its people ; and the beneficial results that will flow from its institution can scarcely be measured in advance.
We have spoken of Mr M ‘Lean’s speech as being “brief.” It is, indeed, epigrammatic in its brevity. In few, well chosen words he has summarised the position, and in modest terras has indicated the prospects of the future. Such deliverances, from men whose positions enable them to judge, are of great use and benefit ; and he touched the right chord when he pointed out that our
local banking institutions must prosper with the Colony and alike sutler with it, for their interests are identical with those of the Oolonv itself.
The Bank of NeW Zealand has shipped from Hokitika 2,3700fr gold, Valhed at L 9.480. The Rev. Father (Miver Daly, S.J., having concluded his mission in Dunedin, left last evening for Westport, whence he proceeds to Sydney. A Timaru meeting has formed a committee to receive the Irish delegates, and representatives from the country districts agreed to organise sub-committees. Mr Jellicoe desires a change of venue in the case of the indictment for perjury against Detective Benjamin, on the ground that a fair and impartial trial cannot be had in Wellington. The Town Hall at Kanieri, with the reading room and. chemistry class room, were destroyed by fire yesterday. There were no insurances on the buildings, which cost about L3OO.
A Melbourne cablegram says that Landells (surveyor) has been sentenced to death for the murder of Sherlock, another surveyor, whose name he afterwards freely forged for the purpose of obtaining possession cf his property.
Yesterday’s express train from the North was delayed at Waitati by a slight mishap to the engine of the 4.45 p.m. train from Palmerston to Dunedin causing a block on the line. The passengers by the express reached town at II p.m. There was an excellent attendance last evening at North Dunedin Church special services. Mr d. A. Torrance, Rev. Dr StUart, Mr D. Wright, and Mr Ryburn all took part, and the choir rendered valuable help in the service of praise. The mission goes on till next Sunday night. A Melbourne syndicate has made an offer to purchase the whole of the Auckland Tramway Company’s plant for L 36,000, and a meeting of shareholders has been called to consider the proposal. It is understood that, in the event of the offer being accepted, the syndicate will run the cars by cable or electricity. A Wellington citizen has intimated that, with a view to commemorate the jubilee of the foundation of the colony by the arrival of the Erst settler in Port Nicholson, he is prepared to give the sum of LI,OOO towards the formation of a free public library in the city. The only condition is that the library shall be established in jubilee year. An exhibition of limelight views was given to a large audience in St. Joseph’s schoolroom last evening. The description of the views was undertaken by Mr F. W. Petre, and Mr G. 11. Marsden (assisted by Mr Scott) looked after the limelight. Mrs Angiis, Miss Christie, Mr Umbers, and others contributed musical selections that were deservedly appreciated.
The Maori abduction case terminated at the Auckland Police Court yesterday. The eight prisoners expressed their willingness that the case be dealt with summarily. Dr Giles accordingly ordered that five of them —three men (Tutara, Whakatou, and Rangitia) and two women (Ani Fount and Marau King!)—be bound over to keep the peace for twelve months, in their own sureties of LSO each, and each of them one surety of L 25. They were also ordered to pay coats amounting to L 22 10s. Two or three clays’ time was allowed for payment of costs.
A case under the New Zealand Forest Trees Planting Encouragement Act was set clown for argument at the Auckland Supreme Court yesterday. The question involved is the right of plaintiffs to purchase laud under the Act. Plaintiffs claim that they ought to receive for every acre of trees planted a land order of the value of L 4, without any restriction as to the quantity to be purchased. On the other hand the Government claim that plaintiffs’ right to purchase is limited to the extent of 250 acres to any one man. Mr Button, for the defendant, said he would ascertain whether the Government intended to carry the ease to the Court of Appeal in the event of an adverse decision, and in the meantime proceedings were adjourned. During the proceedings at the Wellington Synod, it came out that the election of Bishop Hadfield to the Primacy of the colony has been challenged by the diocese of Wellington, and a case setting out the circumstances awaits the deciaionjof the Standing Orders Committee of the General Synod. The publication of this fact has excited some interest in church circles, as it was not generally known. The bishop made no remark in his address beyond a mere reference to it. At the meeting in the evening Mr C. Rous Marten moved—“ That this Synod approves of the principle of the Private Schools Bill introduced during last session of the New Zealand Parliament by the member for Dunstan.” The motion was supported by Bishop Hadfield (the Primate elect), Rev. A. Twogood, Rev. H. B. Harvey, Rev. T. L. Tudor, and others, and was carried unanimously. In a letter to Mr J, D. Garwood, of Akaroa, Mr W. Montgomery, ex-M.H.R. for that district, writes :—“ I can say that I have seen no place equal to New Zealand, and Banks Peninsula in particular. Everywhere in these old • European countries the struggle for the means of existence is intense, and the condition of many millions of the inhabitants is deplorable. Constant toil, without hope of making such savings as would ensure a comfortable old age, is the state of nearly all the workers. Of course there are many very rich men, and thousands of pleasure seekers roaming over Europe, but the mass of the people have to work early and late for a bare existence. I hope better times are coming, but it is difficult to see how these overcrowded countries can maintain the people comfortably. . . . My son has passed all his examinations for law successfully, and will be called to the bar after he has bad some knowledge of the work in a solicitor’s office. My health has improved wonderfully. Absence from political excitement has enabled that which troubled me to regain tone. I am now indeed quite well. 1 can leave the boys for a time without dread of never seeing them again ; and so partly to avoid the English winter, and partly to see my old friends again, I have decided to leave for New Zealand in one of the direct steamers sailing in October.”
Concerning the Blue Spur Consolidated Company, the London correspondent of the ‘Tuapeka Times’ writes:—“A number of the shareholders, representing about LIO,OOO worth of shares, have already commenced proceedings for the recovery of their money from the directors here. Dr Cameron is the leading spirit in this movement, and I have been assured that for the course they are taking they have the very highest legal opinion. Messrs Kenyon and Hosking, solicitors, of Dunedin, have been authorised to collect evidence from those acquainted with the history of the Blue Spur. When this arrives no time will be lost in taking the necessary steps for attacking the prospectus on which the company was founded. There was some talk at first of making Mr J. C. Brown the defendant in whatever proceedings might be instituted, but what Sir Walter Buffer called his impecunious condition at once put that out of the question. In the meantime, Sir Walter talks of resigning the chairmanship and going out to your colony, with the determination, it is said, of putting the saddle on the right horse—of explaining his own connection with the company, and showing unmistakeably who the guilty man is. I frequently make a point of meeting and conversing with some of the loading shareholders, who appear to have altogether abandoned all hope of dividends; at least they never speak of such things.”
The House Committee of tho Dunedin Hos pital bog to acknowledge with thanks tho rc, ccipt of L 4 9s fid, as a donation from the Kav korai Football Club.
Mr J. Braithwaite forwards a copy of ‘ Tho Graphic,’ royal wedding number, published on the 2nd of August. Great and small, there are sixty-five illustrations having immediate reference to the event, and prominent among these is a large colored sheet, on thick paper, giving portraits of the bride and bridegroom. The letterpress account of the marriage is also full and well-arranged, and the number, as a wtiole, will bo found specially interesting, We have also received from Mr Braithwaite ‘Jacques Bimlromme,’ by Max O’Rcll, a book that we shall notice in another issue.
The fourth lecture in connection with the Social Reform Association will be delivered by Mr D. White, M.A., to-morrow evening, tin: subject being * The State in Relation to Private Vrooerty.’ tile final meeting of the Anderson Bay Muthal improvement and Literary Society was held last evening. The meeting took the form of a concert, and was well attended. An excellent programme was provided, including songs, vocal and pianoforte duets, readings, recitations, a horn solo, and a ventriloquial performance, whilst two anthems were sung by the church choir.
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The Evening Star. THURSDAY, SEPTEMBER 26, 1889., Evening Star, Issue 8022, 26 September 1889
The Evening Star. THURSDAY, SEPTEMBER 26, 1889. Evening Star, Issue 8022, 26 September 1889
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