Manawatu Evening Standard. WEDNESDAY, JUNE 21, 1922. BETTER DAYS IN STORE.

Manawatu Standard, Volume XLIII, Issue 429, 21 June 1922, Page 4

Manawatu Evening Standard. WEDNESDAY, JUNE 21, 1922. BETTER DAYS IN STORE.

The indications become more and more favourable as the days pass by, and it now looks as if. by the end of the year, and possibly oven earlier, the trade, commerce and industry of this Dominion will have regained much, il not all of its old vigour, despite the gloomy prognostications of those pessimists who see nought but disaster in wages ■'cuts,” falling prices, and the comparatively large number of unemployed. The year has been a particularly strenuous one in financial circles, as was pointed out by the chairman of the Dank of New Zealand at the annual meeting of the shareholders of that institution on Friday, and the policy of the banks has naturally had t) be. maintained strictly upon conservative lines so far as loans and advances were concerned. That is really the explanation of the higher rates of interest the banks are charging for overdrafts to-day. ft has long been notorious that the advances have been largely in excess of the deposits and that the banks have, in the majority of cases, lent out more moneys than were actually compatible with the best interests of the public and their shareholders; for it is not a good thing to lend out too freely when money is getting scarce and financial stringency prevails. There has been a considerable amount of very undesirable speculation in land and properties, which has had the effect of bringing about a state of things very much akin to the land boom of the nineties, which wrecked one of our banking institutions and placed the. Bank of New Zealand in a very serious position, from which it was only rescued by prompt Government action. The banks then held, as security for advances, by far too many landed properties, and many a speculator went down in the crash of those days. Profiting by the experience of the past the hanks have rightly adopted the more conservative policy of restricting advances more particularly upon rural properties by increasing the interest rates, That means that many of our farmers have found it a difficult matter _ to finance themselves during the pinch occasioned by the failure of the overseas markets to realise expectations and the big fall in values of our primary products. But the outlook is distinctly brighter; prices are hardening in the Home markets, and butter, wool and moat are all in greater demand. Trade is improving, and business men are feeling greater confidence in the future. If the trouble in the frozen meat trade can be averted (and at time of writing it looks very much as if matters are straightening themselves out) we are not likely to have any further serious difficulty over the wage reductions which are being made by order of the Arbitration Court, and with those reductions , there should come a further fall in the cost of living. It is to the credit of the people of this Dominion that they have taken matters so philosophically and are lacing the position so cheerfully and well. There is nothing like maintaining _ a stout heart in the days ol adversity and battling cheerily away against the difficulties of the moment, content to accept the fact that the clouds on the financial horizon will gradually disperse, and that hotter days will come to reward patient work and faith in one’s self. The reduction of the bank iate in Loudon is one of the surest indications we have yet had that things are taking a decided turn for the better and that there is every prospect of trade improving,

“THE EX-KAISER’S MEMOIRS.” Even in the halcyon days of Ids seeming omnipotence in German affairs, the ex-Kaiser, William the Second, was regarded by many of his then subjects as an extraordinarily vain man. No monarch over more implicitly believed that he was ordained by Clod to be the Emperor and King over his people, or held more tenaciously to the idea that the State was his family property to be administered with absolute freedom j from interference, criticism, or attack, and that the army, as the sword of the Government, was to be used in further-1 mg his designs upon his enemies than I the ex-German Emperor did. Under that creed he governed Germany, and under it he launched upon the Great War. Ue had posed as artist, musician,' scientist, a man of letters, and an authority upon all sorts of subjects. and even as a preacher; but he imagined himself, above all things, as : ; an authority upon war and an expert at the game. He was “the Supremo War Lord.” and the I’otsdam brigands looted him to the top of his bent, and ministered to his vanity while fortune continued to smile upon him. Now, i apparently, he is being further deluded upon the subject of his importance to the world lie has done so much to devastate, and to the Europe whose independence he sought to destroy, by the almost fabulous price an American syndicate has paid for his “Memoirs” --225,000 dollars—said to be “a recoijtl figure.” It is a striking commentary upon tbo course of events that such a man, who has been spoken of as “the greatest criminal unhung,” should be able to command such a price for his own version of a life that has in no way benefited mankind, but, on the contrary, has been the frightful cause of the wholesale slaughterings of the greatest war in history, resulting in the destruction ol millions of lives and, bringing sorrow, anguish and misery into the lives of many other millions. 'I he 225,000 • dollars paid for the Kaiser’s hook, amounting in round figures to £45,000, docs not include the right of reproduction in any German speaking countries, and it is probable —such is the ex-Kaiser’s vanity—that 1 he anticipates making a few additional thousands by the sale of the copyright in those countries. It seems iittle short of scandalous that a man who, had he met his deserts, would have perished long ago with the hangman’s noose around his neck, should be so sought after that moneys are poured into his lap, while millions of his hapless victims are dragging out an impoverished and ruined existence. There will he, •unfortunately, those who, reading the ex-Kaiser’s Memoirs, ! will regard him in the light in which he loves to live, as a hero and demigod. Ear from being an apologia for the terrible happenings he forced upon Europe and civilisation, the ex-Kaiser’s Memoirs are described as “written -by a fire-eater,” and may be expected, therefore, to he couched in the vainglorious language which marked the Kaiser’s utterances in the pre-war days, and which were characteristic of the members of the Gorman High Command during the war. The Canadian Tlnnso of Commons has unaiiinVously ratified the Washington Conference treaties. In the billiards inaich being played in England IVall is leading McCouachy by 8925 points to 6270. A large, quantify of wool is being shipped from Auckland for England at the present time. The, council of Iho New Zealand Pig Breeders’ Association has allotted the Pevict t Shield for competition in the pig classes at the Mamuvalti Spring Show. Some 1770 ft from the Wainui end of the Waiiuii-Orongorongo water tunnel and 240 ft from the other end have now been pierced. | A London message states that Lord Northclilfo has bought the Walter interest in the London Times for £225,000, thus severing (he Walter family’s historic connection with the paper. Harold Ephraim Roy Goad, an accountant, aged about 26 years, whose parents are believed to reside m Wellington, was found hanging from a hook in the back of a bedroom door in an Auckland boardinghouse yesterday. The Mayor acknowledges with thanks the following donations to the Russian Famine fundKairaiiga Road £l, Mr C. Alve 10s, Mr C. N. Clausen £1 Is, Anonymous Ids, Boots ss. The Mayor has also received the fallowing donation towards lire District Nurse Fund:— Mr Clausen £l Is, The coastal steamer Kennedy, in negotiating the bar at the mouth of the, Manawafu river on Sunday, stuck fast on the north spit, just inside the bar. The vessel was refloated on Monday and was expected at Foxfon wharf yesterday. There is not a great deal of water on the bar i at present. The Kennedy had a load of benzine on board. At the Palmerston North Luncheon Club yesterday the Rev. A. C. La wry, of Christchurch, delivered an interesting address on the better side of the Maori race. The speaker illustrated his address with many instances and anecdotes the chivalry and spirit of compassion of the Maori. A committee meeting of the Terraco End Old Pupils’ Association was held last evening, Mr Tremaine presiding. It was reported that the committee were busy finding out the names and addresses of (he old pupils of the school.- The president, Mr Treriiaine, speaking of the advantaged of an association, stated that if the old pupils worked in the interests of the committee it would surely be a success. A fur- j ther meeting will bo held later ' At the inquest concerning the death of Esmond James Kime, who died us the result"of exposure on the Tararua ranges, Mr Percy Kime, schoolmaster, of Kongotea, said that the deceased, who was his sou,* had made the journey across the Tararua track from Woodvillo to Otnld three times, but hud told witness that he wished to go through in the winter time to take photographs. Witness advised deceased not to go, as once before he had had to spend the night on the mountain side. Witness did not know that his son had started on the excursion. Ue had always enjoyed good health. In connection with the formation of die Old English Game (flub throughout New Zealand, the trophies for competition at file winter show are now on view in a window of ihe- premises of the (A M. Ross Co., Ltd, The trophies vary in value from two guineas upwards and the shield is _ valued at 12 guineas/’ English teasels of 21 pieces are being given away by Collinson and Son. Auu each pram sold (hey give you your choice of an English 21-piece teasel value 57s od free. ',l lie prams and teasels are now being shown in one window, also inside, so it yon would like a teasel lor nothing and want, a new pram hero is your chance— Collinson and Son, Broadway. Open Friday until 9 at night.—Advt. One of the many big attractions shown this week by the (.. M. Ross Lo., Ltd., is a window of gorgeous evening and dinner dresses, ranging in price from six to eleven guineas, now oiiered at 635. Another still more beaut if id line ranging from 13 guineas to £ls 17s 6tl ollerwl at live guineas, being part of Madame Villcval’s Auckland stock. ,'m;o the Square windows. Visitors should not miss these at the store for value.— Advt. The British General Electric Company 'have recently placed on the market a unique electric lighting plant, which fits in the pocket. Current is generated by merely pressing a lever, and a clear white beam of light is obtained. With ordinary care the “iiandilito” is everlasting, and at the (price, 355, is a splendid investment. Demonstrations will be gladly given at the Central Electric Co., the Btrand, Palmerston North.—Advt.

Hamilton ratepayers have sanctioned the I raising of a loan of £12,000 for extensions of the electric light system in the borough. A Royal Commission is sitting in Rotorua taking evidence regarding the proposed Rotorua-Taupo railway line. Owing to a dispute over a goal at a Rugby football match in Timaru last Saturday tire captain of one team took his fifteen off the field. The Maori footballers from New Zealand arrived in Sydney yesterday and were accorded a civic reception in the Town Hall. The Australian Commonwealth Bureau of Commerce and Industry has received information that big Gorman steel works are to bo established in Java. 1 A child named Pauline Rass, aged two yeans, was admitted to hospital in Wellington yesterday 'suffering from severe burns and died shortly after admission. A sentence of'J4 days’ imprisonment for the theft of a pair of boots valued at 18s 6d, from the doorway of a boot shop, was imposed upon Terence Bremner, aged ,38. at the Police Court at Auckland. I At a meeting of creditors in the bankrupt estate of Frederick Allerby, farmer, of Colyton, held at. Foikling, it was decided (hat a public examination of bankrupt be hold, provided the cost of same is guaranteed by the creditors Owing to the continued spell of dry weather people living outside the borough are faced with a shortage of water, as their tanks are rapidly becoming empty. No rain of any consequence bus now fallen for several weeks. A diploma issued by a training school for burglars was found by the police among the effects of Joseph Lauzon, a well-known “cracksman,” who was arrested at Washington recently. The institution, which is situated at Los Angeles, names itself “The Wayne Strong School of Safe-work.” The following cable message was despatched by New Zealand friends of the late Sir Ernest Shacklelon on Monday to Commanders Wild and Worsley, ot the Quest, at Capetown; “Welcome back to you all, from many friends of late Sir Ernest Shackleton in New Zealand.” The candidates who are to represent the Reform Party in the general election at the end of tin's year have been arranged in sixty-six of the electorates. It is anticipated (says the Dominion) that within a Jew weeks all the electorates that are to be contested by the Government i arty will have keen provided with candidates. That the Church should do more than it does in specially catering for the children was strongly emphasised by the Rev. Joseph W. Kemp at a service in connection with Si James’ Sunday School anniversary in Auckland. “We should as a Church.” ho said, “throw open our doors wider than we do to the children.. We wonder why, in later years, they do not stand more by .the Church than they do. It is really the Church’s own fault in not looking after them better when they were younger.” In connection with the reports of gold found in the vicinity of Rotorua, five miners’ rights have been taken out locally. Prospecting rights have been defined, and the requisite provision made with regard to the Mining Act and its amendments. Samples of quartz and alluvial earth have been obtained, and the Inspector of Mines is expected to make a visit to the locality next week. There have always been rumours of gold in the district, but no payable proportions have been disclosed. — Rotorua Chronicle. Touching an the question of advertising at to-day’s conference of the National Dairy Association, the secretary, Mr T. Brush, explained that the scheme adopted at the meeting last year had been dropped owing to lack of support by dairy factories throughout the Dominion. About 50 per cent, of the factories had signed an undertaking to pay a levy of Is per ton on butter and 6d on cheese, in order to institute an advertising campaign for three years. As it would be useless proceeding with the scheme without a larger measure of support, it had been reluctantly decided to abandon the proposal. Professor E. Marsden, who recently investigated the disturbances at Taupo, and on whose advice the Government acted in authorising the postal officers to leave the district if they wished, stated to a reporter that it was quite impossible to forecast what would happen. But there were undoubtedly serious possibilities; and, in view of the danger, it was not right to keep the people in the district. Ho regarded the chances of a blow-up as cue iu six. Still, what would happen in the next fortnight nobody could say. Japan had over 200 observers, but their forecasts were only approximate; and what could two observers in New Zealand, working without proper instruments, do? Speaking at yesterday afternoon's meeting of the National Dairy Association, die chairman (Mr A. Morton) said that he had just received a cablegram from the association’s London representative, Mr Ellison, stating that, the butter market had suddenly advanced, and that supplies were much below requirements. The price was then 212 s per cwt. For cheese also there was an improved demand, and the price was 94s for both coloured and white. Commenting on the message, Mr J. Brechin (Puhiatua) said he personally was in receipt of a cablegram front London that morning and the prices_ given wore below those quoted by Mr Ellison. This showed that on this occasion Mr Ellison was well to the fore with timely information. The half-yearly summoned meeting of Court Manawatu, A.0.F., was held on Monday evening and was presided over by (ho C.R., Bro. Cox. There was a large attendance of brethren, including visitors from Waipukurau, Eketahuua, Christchurch and Ashburton. P.C.R. Bro. J. B. Rosunoski 'tendered his resignation as trustee of the court, and the election to fill the vacancy will take place at the next meeting. The election of officers resulted as follows:—C.R., Bro. Burnett; S.C.R., Bro. O, Prouse; treasurer, Brc. J. Aitchiaon; secretary, Bro. J. B. Rosanoski; S.W., Bio. Holgerson; J.W., Bro. W. Nant; S.U., Bro. M. Levy; J. 8., Bro. E. W. Cook; minute secretary, Bro. N. Moores. The officers were duly installed by the C.D., Bro. Cox, assisted by P.C.R. Bro. Hodgson, A telegram from Rotorua stale- that Oi'uanui is almost deserted, and the whole of the working Maori mill hands have left for Alokai. The earth in the Orimnui Valley is full of small vertical fissures, and though rho country formation is friable pumice glomerate, the ; impounding dam has not been affected The shocks in the valley have been very severe, and have been' accompanied by alarming sounds. Though much apprehension is felt, no damage has been done, save n few bottles and crookevy having been broken The seat of the trouble is felt to be on the WairakeiOruniiui line. 'Hie lake is low through the lack of rain and no snow water. _ The net results, save the hurt to nerves, is merely negligible, .'small, unimportant subsidences are reported in the western arm of the lake, but nothing of magnitude that would ; justify the word earthquake. Please note that Harry Palmer and Co. will sell without reserve Mr Perrett’s fine collection of paintings to-morrow forenoon at 11 o’clock sharp. Also, for the convenience of the public, they will be on view this evening from 7.30." The fourth volume of the New Zealand Pig Breeders’ Association’s herd book was issued yesterday. It contains double the number of entries of the previous volume, | having the pedigrees of 959 animals, made i up as followßerkshires 818, Yorkshires j 69, Tnmwovths 47 and Devons five. There are 630 transfers iu the book. Ladies’ sports coals, part of Madame 1 Villovul’s assigned stock, very handsome goods, were, six guineas, now offered at 255. Another line were £7 10s, now offered at 355, See these in our George street windows.—The C M, Ross Co., Ltd., the store for value.— Advl. A magnificent range of attractively priced fur.) and fur coals on view ibis week at the store for value. Visitors to the Show should see them.—-The C. M. Ross Co., Ltd. —Advl. Sixty doses of “Nuzol” cost only Is 6d. Splendid for coughs, colds, throat and chest soreness Get busy with ‘Nazol” to-day, —Advt. Woods’ areat Peppermint Cure foi coughs and colds, never fails. ~AdvL