The distress in the Old Country is. now than it has been for the last 30-yefe'st Ten thousand workpeople have been deprived of the means of support through the closing of gigantic manufactories. Not only have operatives been thrown out of employment property has become sadly and rapidly depreciated in value. All this is more or less the outcome of foreign competition. This is the evil that every country should guard against. Let the people of New Zealand take warning. Let them study their own interests and avert such crises by encouraging local industries. We can make our own woollen goods, iron, boots and shoes, &c. For the first purpose factories are already in existence; as regards the second, numerous vigorous attempts have been made to transform the Taranaki iron sand into a marketable commodity ; although a method of properly doing this may not be discovered for many years, that iron will before long be manufactured in the Colony we have no doubt. To us, as a district, the third industry is of more direct interest. We have no longer any necessity to send out of the district for boots and shoes. Messrs. Roughton and Pocklixg- »
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Bibliographic details
Oamaru Mail, Volume IV, Issue 896, 28 February 1879, Page 2
Word Count
196Page 2 Advertisements Column 2 Oamaru Mail, Volume IV, Issue 896, 28 February 1879, Page 2
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