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YESTERDAY'S CABLES, Issue 8051, 30 October 1889
Home md Foreign. The Pelorus and Persian, two of the Australian gunboats, will be launched in November. It is expected that all the Australian squadron will be completed and ready for sea by June. A report is in circulation in Paris that Prince Ferdinand, of Bulgaria has been betrothed to Princess Louise, daughter of the Due d'Alencon. The jurors have awarded silver medals to tho following exhibitors at the Paris Exhibition :—Count Jouft'roy d'Abbans, ethnographical collection; Sir W. L. Buller, birds of New Zealand ; and Mrs Mair (nde Miss Sperrey), Maori paintings. Advices received from Samoa state that the election of Mataafa as King is only temporary until the agreement arrived at between Great Britain, and America ivt the Berlin Conference is enforced. [Great Britain and Germany have since ratified the election.—Ed. E.S.]
The delegate sent by the Sultan of Zanzibar to attend the International Antislavery Conference has arrived in London, and will shortly pay a visit to Her Majesty the Queen. In many of the chapels in Northampton special prayers were offered for Mr C. Bradlaugh, M.P. It is reported that Mr William 11. Redmond, M.P., has challenged Mr Edmund Yates, editor of the ' World,' to fight a duel, owing to the latter's strictures on the Parnell party during the recent election for Brighton. The New Zealand conversion loan is quoted at ].} per cent, premium. The London dock companies have agreed to abolish middlemen, and to themselves pay representatives to superintend the discharge of cargoes, the dockmen to appoint and pay gangers out of the contract price. The object of the dockmen is to gradually secure the right to contract direct with the shippers. The alteration involves an annual loss of L 20.000 to the dock companies. A partial strike is expected at Wapping, owing to the wharfingers resisting the compromise arrived at by the Mansion House Committee.
A sensation ha 3 been caused in the Free Church of Scotland over a sermon delivered by the Rev. Marcus Dods on Sunday, on the doctrine of the atonement and the divinity of Christ. The sermon has excited hostility among his brother clericals, and caused the initiation of a heresy hunt. Mr William Westgarth, the well-known financial broker, is dead.
Deceased was the son of the lato Mr John Westgarth, of Edinburgh, one of the Surveyors(J; neiil of Customs for the United Kingdom, and was born iu the Modern Athens in 1815, He came of an old family the Westgarths of Unthank one of tho smaller landed properties cf the cointy of Durham, situated near Stanhope, in Weardale, where hia grctt grand uncle, " Justice Westgarth," a local magnate of his time, is still a remembered name. He was educated at the High Schools of Lei!!' and Elinburgh, and at Dr Brucc's Academy, Newcastle-upon-Tyne. After leaving school he entered the office of Messrs Young and Co., Leith, who were engaged in the Australian trade, and it was the knowledge he gained there which induced him to emigrate to Victoria—leaving Leith on July 1,1840. He engaged in stock and station and agency business in Melbourne, which city was far from giving promise at that time of the •' Marvellous Melbourne " of to-day ; and as he journeyed from station to station acquirod an intimate knowledge of the country. He entc cd public life in 1850 a 8 the representative of Melbourne in the Legislature of New South Wales, and was instrumental in 1851 in getting the i'ort Phillip province erected into the separate colony of Vict ria. In the first Parliament of Victoria which followed, towards the end of the ye.ir 1851, he was returned as "senior" member for Melbourne, along with the late Mr (afterwards Sir Jobn) O'Shar.asßy and Mr J. S. Johnston, one of the early founders and proprietors of the Melbourne 'Argus.' Mr Westgarth visited the Ballarat goldfiolds a fortnight after their discovery ; and in the same year (1851) the Melbourne merchants having established a Chamber of Commerce, he was chosen as its first president. In 1853 ho visited the Old Country, where he married, and returned to Victoria in time to be appointed one of the Commissioners to inquire into the grievances of the minors, which led to the Ballarat or Eureka Stockade riots. Proceeding to England in 1857, Mr Westgarth soon saw that there was a good fie'd for establishing a business in Australian and New Zealand securities, and he soon made it almost entirely his own. His attention was soon called to the serious defects in the mode and issue of colonial loans, each colony apparently aiming at making successive loans as different as possible from its predecessors. New Zealand was the first to raoru in issuing consolidated stock, and wlien Sir W. Fitzhezbert went to England about twenty years ago he was able, with the assistance of Mr Westgarth and the Crown agents to accomplish a 5 per cent, consolidation. Knowing the advantage of a chamber of commerce, Mr Westgarth strove to establish one in London, but had to wait twelve years before, with the aid of Sir W. M'Arthur, then Lord Mayor, he was able to accomplish his desire. Last year Mr Westgarth decided to revisit the colonics, and he reached Melbourne in time to a*, tend the opening of the Exhibition. After visiting New South Wales he paid a flying visit to New Zealand, and had_ a consultation with the Premier on the subject of issuing a 3J per cent, loan far consolidating New Zealand stock.
YESTERDAY'S CABLES, Issue 8051, 30 October 1889
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