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Ohinemuri Gazette, Volume I, Issue 21, 7 May 1892, Page 2

1 Mr Wilson, financial editor of the London Standard, in an article in the Investors'- Review, declares that the entire fabric of the Australian civilization is built upon debt, and that .the spectacle is not equalled anywhere. ' The dangers of the near future are not so much as.to what haa been borrowed aa what they may hereafter borrow. The !Londo.n market, he states',, will only help-the colonies in'fair weather, and the banks are regarding the position' from a selfish point of view, and not in the .colonial interests. He admits the colonies have'not made a bad use of their money, but he thinks they had more than they were _to use advantageously. H Me. .severely j censures th« loan-mongering *sydujatea which influenced the unscrupulous lust for sudden gain, and he considers itiloubfcful if one in ten of the colonial farmers or merchants would be unencumbered-itloans stopped. - He asserts that all the colonies' find] the railway capital unbearable, r and.the. loaupqsitipnj.he, says, k a g^avWpefili ;The- colonies/must introduce borrowing for increased production under the pain of'early! ba'nkfaptcy-; '- They, most, however, borrow only a moderate amount, because f^bey «re unable to. Tpull up in mill career, and pay very,different terms than formerly. He concludes by expressing the opinion that if thecoloniea .all adopt protec•tioneooh they wMl'bs unable "to ot pay. . ' ' ; ' .'/>].>:; :ii'

"Agrioola," in the Auckland Weekly News, asks-:^-V Why jdoes not Mr Elder, or some other of .our agricultural implement makers, go in for making sulky-ploughs after the American pattern ?< In ploughing; it is desirable to save the-labour of-horses as much as possible but" also'to make work easy! for the ploughman. Walking behind a plough eight hours a daytjannot be called easy work, though suoh a practice has been carried oa .for ages.' 'But: if v the > ploughman -can; ride, and do the work as well, or, perhaps why should' he not. have the means of doing so ? Sulky ploughs, of two, three/ and even {forir'farrow capacity are common in America, ( and I cannot see why should not be; manufaatured here. If-Mr Elder would make a two-furrow clipperj put it upon light wlie'els,say, abput three feet high, and place a seat on at for-the ploughman, the-whole to b® drawn by three good horses, be would confer a boon upon the farmers of .this.country." This is precisely what Mr > Elder has 'done,, the resnlt being the Jubilee Sulky' Gang Plough- This implement is not merely an ordinary American-sulky, though all 'th« advantages of that plough are to .he found in it. Instead of the the old-fashioned" shares it is provided with veritable clippers, which will cut through'anything but.stone, being made of superior tempered steel, land throw two well-pulverised fifteen inch furrows with the .greatest, of ease. As soon as he can do so, Mr Elder'intends to have a public exhibition of the new plough, due notice of which will be given. Meantime, any fanners who may be going to town will find it worth their, while to call in at Messrs Elder' Brothers' works'at ftTewmarketj, acfl .nspect.it, ■' ' _•-.--•