Jjlamtumttt Jffl-aM. FBIDAY, AUGUST 23. 1889. A BUILDING SOCIETY. «.

Manawatu Herald, 23 August 1889, Page 2

Jjlamtumttt Jffl-aM. FBIDAY, AUGUST 23. 1889. A BUILDING SOCIETY. «.

{ We have previously glanced at ' tlie proposition of establishing a • building society for Foxton, and the j more the idea is considered the tnore , necessary does its constitution seem , At tbe offset tbe dealings need not i be large, and the establishment of ! it must originate with the i habij tants of the d*st ict, as unless they ; show tlieir faith in the town, it is I use ess expecting outsiders to do so. i It appears to be thought tbat the | only dealers with such a society would necessarily be borrowers, and that the t ouble would be to find the sums required. We be ie c bowever that "here would not be so much trouble in this respect, as fortunately all aro not without funds, and amongst us are a la-'ge number of frugal saving persons, wbo at present have only th* small percentage given by the Post Office Savings Bank to assist them to iucrease their deposits. A strong undoubted management of a local Society would without d-jubt attract a l.i rge number of these depositors as investing members, besides which tbere are many who have sums lying coin- : parntively idle at fixed deposits at tlie Bauks who would also hail with pleasure a safe and mor.*! profitable investment. These depositors help us to explain why a society bid fair to be a givat success. Tt wil be admitted that for a time our local savings are being used for the ad • vancement of other interests in other places, because those possessed of tbe capital have not tbe business qualifications to secure its employ ment here. To every resident, to every property holder, each additional dwelling that is erected and can be occupied, menus an addition of some hundred pounds a year in circulation amongst us, causing by natural action a lurther increase in every departm nt of business. The snowball ia an apt Must- ation of the additionof population toa district, not only does such an addition add to tho qu<ntity, hut it keeps the ball moving, by wliich further additions are made. We have only to view tlie addition that bas a ready taken place to the inhabitants of tbe town ( to be able to farther enforce our , argument. The new arrivals have not '. only added their own num' ers, but ( owing to th^ir wants liaving to be ■ supplied every business estab ish , meat, bakers, groc rs and draper!* , bave had to increase tbeir employees \ •'.very day brings forward applicants • for bouses, when there are ' o houses, ( and therefore borrowers for buildings , would run ao danger from erecting < 1

the same. The difficulty that at at present meets some is, that they h ye the and but not tbe cash with which to build; These are the people a Sdcie y coiiid rtieet On the mobt safe terriis, for say, that an Owner of a uuart&r df an acreof land desited to b li.ct, He has dnly to deposit the title for tne gr'clii.jd with the > uiety and tbey v idertake to maka pi ogress payments for the buiiding, an*l th owner undertakes to repay the sum bo lowed in instalments of so much a month over a term of years previously agfeed upon. The owner tben puts bis tenant into the building, who pays him more than the amount due to the Society, as he has the use of the building and land, and the owner thus receives an immediate benefit from h:s \, roperty, previously lying idle, and a further benefit at the expiration of his mortgage, and the town gains anotber family. If this matter was quietly discussed amongst those interested in the progress of the district, we feel sure the result would be th* formation of a Bui. ding Society, and there is no fear of the directors of a local society making extravagant advances on property, in fact we would urge that the Society should be moved to simply further addi ional dwellings, for which tenants are secured. Such action would perhaps cramp its operations, but it would tend to secure its capital. In tbese societies it muit be remembered that every month reduces the sums advanced

Second thoughts are tometlmes the best. We did purpose exposing very fully the silly action of an advertiser, who, because he expended the magnificent sum of one pound per quarter with us, thought that, gave him every right to dictate to ns how our paper should be conducted. Poor man, his imagination received a rude whock, as we actually allowed him to partially ruin us by withdrawing his advertisement, rather than submit to his dictation. The position occupied by this local censor of the Press does not justify further notice. On Wednesday Messrs Baker & Co's entire Somnus was ridden into town. We liad the pleasure of seeing him, and he appeared in splendid condition and health. It will be noticed that Somnus, after all, remains on this coast, at Feilding, and we direct our readers attention to the advertisement regarding him, and also Messrs Baker & Co's other entire, Doncaster. On Wednesday morning the townspeople were much alarmed that Messrs Gledhill & Co's mill had been burnt, as a heavy smoke was rising from that direction about nine o'clock. It was afterwards ascertained that the tire was on the town side of the river, and was caused by the burning of some rough growth on Mr Gardner's property. By Mr Jenkins's shop will be seen a new light dray, built by the wheelwright in his employ. The dray appears to be a most creditable piece of work and is well worth inspecting. Mr McLennan mentioned the nuisance the tramps at his station were becoming, every day numbers turning up for meals, but strongly objecting to work. We paid a visit to the Ready M ney Store yesterday, on the invitation of Mr Samuels, the manager, who desired us to see the efforts he was putting forth to meet the wants of the flax dressing industry. He is the agent for Mr Walter Brown's machinery, and has therefore a good supply of wire wove and indiarubber belting, asbestos packing, grip belt dressing, whistles and tube scrapeis. These he has in stock, but he has also a pattern book and price list, from whicii any machinery required can be seen and valued, and if not in Wellington, will be procured by special wire to London. No doubt our millers will appreciate the efforts made to meet their convenience. The Post says : — We have authority for stating that a certificate of incorporation nnder the Company's Act was this morning issued to the firm of John Duthie & Company, Limited. The capital of the new company, which takes over the new business, hitherto conducted by Mr Duthie, is £80.000, and the firm is now the most extensive establishment inthe hardware trade in this colony. All Wellington people will, we know, wish it success in its new departure. The following additional railway bye-laws are gazetted : — (1) No person having paid the fare for a ticket entitling him to travel by an excursion train or any other specified train shall be entitled to travel by any train other than that in respect of which such fare was paid without previously taking out the proper ticket and paying the proper fare therefor respective. (2) No person holding a ticket issued for travelling for certain specific purposes shall use the ticket for any other puqiose. Any such ticket found to be wrongly used will be forfeited and its further use stopped. (3) No person ha ing used a ticket for any part of the route for which it is issued may afterwards use it for travelling on any proceeding part of such route. (4) Any person committing a breach of either of the foregoing bye-laws shall be liable on conviction to a penalty not exceeding £10. A correspondent of the Southern Cultivator (Georgia, U.S.A') writes that a neighbour of his told him : — " If you will take a jar or pot, put it in your corn crib, fill it within 4in. or Sin. of top with water, put a double handful of cotton seed on top of the water, an*l pile the corn around so that the rats can oasily reach the top, you will catch every rat tliat passes by ; the rats will jump on the cotton seed. " The next day I tried the experiment, and three days after I had my jar examined, and the servants pulled out thirty-one drowned rats. In sixteen days i. had caught ni- ety-two rats. My i-eighbour says the rats never hurt his corn I have repeated tha Btory to several, and all who have tri d it have been successful. The Colonial Sugar Company have lowered the price of their sugars, all grades, by £3 per ton. It is said that Mr Ballance contemplates legal proceedings against the Waikato Times on account of certain reflections recently made upon him in that journal. The N.Z. Times says :— Apparently some Civil servants amuse themselves like other people, to which objection is taken. Mr Joyce has the following question on the Order Paper : — " If the Premier will ascertain how many Civil servants practice the art of outdoor photography for gain, and will the Government consider the propriety of issuing a circular forbidding such a practice ?" It will be interesting to learn from Mr Joyce why Civil servants should not " practice the art of outdoor photography " or any other ar tthey have a fancy for, provided they do not allow it to interfere with Iheir ordinary workt

A London despatch of July 2&> Bays tfcjrt L Qneen Victoria is making arrangenM*** »* t the Prince of Wales to relieve her of the J labour of considering State documents, ( the Prince in this caae assumes all the re- j , spouslblHtics, and wishes, it is said, to adopt the title of Prince Begent, and have i the use ot Bta<*fagh*nt Palace and Windsor ( Cantle, the (Jueetf fttiriflg to Osborne and ( Balmoral. If the aJrran#etn«H fe earned out Prince Albert Victor will obtain JK***- j sion ol Marlborough House. Says the ftrtete Star :— lt is reported ] that G. V. Bate, fbtfriterly clerk to the l County Council, has been released from c gaol. He was sentenced to two yett'S *m- , prisonment in October last, and had beefi some five months in custody, which was allowed to count against his term. So that ( ,if this report is correct, his actual term has ] been about fifteen moiitbe. It is explained ] that he was working for some time at IFort Cautley, where every day'B work counts as two for the prisoners so employed, whereby ' the term of incarceration may be greatly i shortened. The Lancet contains an article which i speaks irt very strong terms of condemnation of the indifference manifested ty the authorities df New HoUth Wales to the prevalance of unqualified medical practitioners in their midst. It declares that in many cases quacks are allowed to be nominated -to medical appointments to clubs, hospitals, and other public institutions, and, most discreditable of all, the Government frequently appoints such persons to the office of coroner. The extreme disrespect shown for life and health, it saya, in such action by the responsible Government is without excuse, and it refuses to believe that the public authorities of New South Wales can realise what it means in country districts, where buffering and disease are the same as in Sydney, but without the same resources. Lord James Douglas, who has been warned off the turf by the Jockey Club, writes to a sporting paper : — " In reference to the notice of your issue to-day that I have been warned off Newmarket Heath, it may be art Well that the public should know some particulars. In the years 1877, 1878, and 1879 I paid over £23,000 which I had lost on the turf. The amount for which I am warned off is stated to be under £500, but in reality is some £4765. This Ib a debt of nine years' standing. I was making arrangements to pay it ; now I shall not trouble myself. I bave to thank the Jockey Club for saving me such a large sum. It seems to me rather curious that after nine years such an action should be taken. " Lord James, as it may be needless to say, is one of the " mad Douglases, " brother of the Marquis of Queensberry and Lady Florence Dixie.