Page 6 Advertisements Column 7

New Zealand Herald, Volume XXXVII, Issue 11541, 28 November 1900, Page 6

The vicar of Somercotes, near Alfreton, has just joined in matrimony two deaf mutes —Francis Bradly, of Kirkby-in-Ashfield, and Ada Parnham, of Somercotes. Curtain-poles, all complete, in walnut and mahogany, now selling at Is lid each.Tonson Garlick Coy. On November 5, Mr. Johnstone, of the Commercial Exchange Banking Company, addressed a meeting of settlers in the Fairburn School. Mr. Johnstone laboured to show the worthlessness of sold as a basis for a system of exchange. He offers, instead, a printed paper currency, not redeemable and not convertible into gold. This paper currency farmers can obtain from the Exchange Bank officials for its face value in gold or on mortgage on their land or-stock; no other kind of property will be accepted in exchange for this currency. It is not money, and would not be a legal tender; but he says one farmer may accept it from another as a medium of exchange, and he has arranged with some merchants to accept it from farmers in payments for goods. Mr. Johnstone says the benefits will be very sreat. the farmer being able thus to " raise the wind" at two per cent., another farmer doing the lending at the same low figure through this inestimable bank. Shareholders onlr will be allowed to participate in the benefits. One share at a sovereign entitles anyone whatever to a share, and each share carries one vote. Mr. Johnstone got a very patient and attentive hearing. The questions pnt to him after the address were not answered satisfactorily, persistent and keon questioning onlv convinced the meeting that the soheme was utterly unsound, that the officials elected would practically own all the farmers' mortgaged property which constitutes the entire asset of the bank, and that the farmers would be unable to control either the elections or the officials. Mr. Johnstone found the meeting so adverse that he did not seek to sell shares, and no DU3ID.CSB was. trai»oted. >•