THE UNEMPLOYED.

Pahiatua Herald, Volume II, Issue 159, 8 June 1894, Page 3

THE UNEMPLOYED.

Nov Borrower, i

To the Editor.) Sir, Everyone thinks h« can solve the unemployed difficulty. I do not profess to do that hut there are a few remarks I would like to make, viz., the Government try to make it appear less than it is—plainly showing they fee) responsible to some extent for the depression. There aro a number of cases over which they have no control and cannot he Mamed for that . hut are to blame in not making an effort to nv;et and overcome them. Anyone but a blind men could nee it cortning the Iff? t two or three years. Kv» r s.nce the Think of New Zealand difficulty and tho 1.W17T and Mercantile went biifitf this countr y lias been for waul of casli

The.papers ase advocating going to the London woaey market for a loan —one of the wortt systems of borrowing ever invented by the Shylock tribe; if we are compelled to bon ow let us do it in this country by establishing a National Bank of issue, giving 4} per cent on deposits and lending to the local bodies at per cent and farmers at fi per cent. It goes without saying that it would be difficult to persuade the Members of the House of Representatives to pass such a bill as a majority of them have overdrafts or are otherwise interested in the present private banking system. The Government, by shortening hands on (he railway works and cutting down expenditure, create a ficticious surplus which means living on the capital instead of the interest. The Victorian Government propose to issue .£lO bonds at 4 per cent. These bonds will be allowed to pass like bank notes. How dioddy Government do tinker with financo. It reminds me of a farmer who was advised to keep pigs, in reply ho said, *• I can scarcely see my way to do that, but I will keep an extra dog or two if you ihink that will do any good.” To sum up, I would start a National Bank, issue a million notes, start public works, lend half a million to farmers, stop paupers from landing on our shores, and prosperity would follow. Enough said.—l am, <&e., Democrat.