GORE.

Otago Witness, Issue 2106, 5 July 1894, Page 22

GORE.

July 3.— The news in Saturday's paper concerning the Bank of New Zealand was the talk of the day that day, and has been the main topic of conversation since. In the country districts digestion both of facts and meals is slow, but thorough. The result arrived at in this particular case is, however, much the same as that come to in the business centres : the end justified the means. It is admitted by business men of all shades of political opinion that the right step was taken, provided of course that the crisis was as represented. Here there was no agitation displayed on the part of the supporters of the Bank of New Zealand — no disturbance of commerce, no rush, not even any agitation, unless perchance among officials of the bank concerned, who were a bit at sea and as much in the dark as the general public. Supporters of the Government reckon that a clever and statesmanlike piece of business has been done ; others, inclined to the Opposition, commend their party in Parliament for having risen above party considerations to a proper treatment of the occasion.

An Intricate Bankruptcy.— The one hotelkeeper in Gore whose license was refused by the committee— Mr F. R. White, of the Railway Hotel— has since the refusal filed his schedule, and a first meeting of his creditors was held on Tuesday, 26th June. At that meeting tha ereditorp appeared to take a lenient view of the situation. They granted to him a gold watch, stated to have been purchased 18 months previously for £50, and recommended his immediate discharge. Mr White is a man well known in racing circles, and is the father of a large family. The deprivation of his license means to him a loss of the means of livelihood. Hence the sympathy. But steps have, since the meeting referred to, been taken by the creditors which seem to show that approval could not be given by them to a summary sale of Mr White's possessions, which include Conjurer, a well-known racehorse ; Napier, also of some racing renown ; and several others. Over these and several buggies and sets of harness there was a bill of sale. It teemed to the creditors likely that these assets would be sacrificed at a forced £ale, and they consequently paid off the sum advanced, released the property, removed it from the premises of the debtor, and advertised it afresh. The circumstances of the bankiuptcy weie undoubtedly peculiar, and much local comment has been occasioned. All the Gore legal talent is engaged in the interests of various parties, and there are rumours of other advice from outside being called in. To unravel the tangled skein so as to do justice to both debtor and creditors will be a very difficult matter. Wires. — Another tangled skein difficult to unravel will shortly be the telegraph, telephone, and electric light wires running along and across the str- ets of this town. We are promised, and fer that matter have been promised for some weeks back, the electric light within a month. Now, however, the wires are being rapidly stretched between the newly-erected poles to convey the illuminating power, and the result is a very bewildering network overhead in the most frequented streets. It may be that, our streets being very broad, the wiies are particularly conspicuous ; but we lay the flattering unction to our souls that, if they are a trifle ugly, they look like business. General —The weather is fickle— patches of sharp frosts, occasional rain, days of east winds. Roads are soft ; travelling in outlying districts uncomfortable. Ploughing pretty general, of course. Prices of even good useful horaea are low, and scarcely any property is changing hands,

Some people maintain that many bankruptcies are imminent, others hold that there is much capital lying idle— practically buried— which will under the influence of a restored general confidence shortly be put into use.