LETTERS TO THE EDITOR.

New Zealand Herald, Volume XLIII, Issue 13191, 31 May 1906, Page 3

LETTERS TO THE EDITOR.

, ♦ —. THE MINING SWINDLE. Sir,—Arc the members of tho Auofel»nd * Stock Exchange going- to retain tho conn- • donee of the investing public by cancelling ; ■ all the share transactions which took place on the Exchange yesterday before thro© o'clock p.m. in the Now Monow«i Company's shares? If not, how is ■ this wretehed swindling .to be prevented? It is bunkum, for a. broke;' to say that because contract notes have been signed he must complete. Ho knows perfectly that i I the buyer can, ' ' ■. prove fraud he need not complete hi* pur- : chase; and as brokers are only acting as ' agents they personally aro not, responsible., By not completing bis sal© the holder !»' certainly not in a worso position than be . was. on .Monday .lasL-and il.lrs. is- jm. liouust man he' will not be'; very' anxious" to get the bettor of his neighbour, especially when that advantage is gained by a fraudulent torngram. Tho whol© trouble has arisen through telegrams and reports being sent to managing directors instead of to the offices* of the companies. The Auckland Stock Exchangeand shareholders should unite, in insisting ■that all telegrams and reports from mine managers wlioso companies are on the Stock Exchange list should only be sent: to the • offic.es of their respective companies, and it is only by getting this done that the public will be protected. Trusting the members of the Auckland /Stock Exchange will prove •themselves worthy of the trust reposed ill them. "" * 8. Cochrane Mackt. - THE MUSICAL PROFESSION. .; Sir, Permit me to? trespass-: upon -yMi* valuable'.s~pace-.in order to "draw- J attfent'i6n to tire difficulties which beset the 'professional, musician in Auckland. Considering that th* proficient in most trades and "many of the • ,' - professions now enjoy a large ■ measure of protection by law it appears high time tlmtf some steps were taken to protect musical ' ' teachers who are duly qualified, devote the whole of, their time to it, and.entirely depend upon their pupils for'a livelihood. It is . much to be regretted that a, large proportion. of so-called musio teachers in tl.:s .citv are not only self-taught, but aro not dependent upon teaching for a living, and in .many cases have no need to work at all. This is not only obviously unfair to those who have devoted the greater portion-of . their . lives to qualifying.-themselves to—inrome expert teachers, but is also tasking iii» bread out of the mouths of those .who ready ■■■■ need it. Some of our best magicians in Auckland, suffer most seriously through the incapacity and. thoughtlessness of those who posp as musicians but have very few qualifications. Therefore I would suggest that some united action by' the proficient musi-' cians is needed to cope with this grow'njj evil, and trust that some more able pen than.minr. will suggest a remedy, whereby good teachers shall be afforded; some'measure''of protection against this abuse. AttacCA.