PUBLISHED DAILY FRIDAY, APRIL 7, 1893

Taranaki Herald, Volume XLII, Issue 9666, 7 April 1893, Page 2

PUBLISHED DAILY FRIDAY, APRIL 7, 1893

The failure of the Commercial Bank of Australia, and tho othor monetary institutions in Victoria and New South Wales, will have a very serious offect outside tho losses sustained by the shareholder and depositors. The closing of the door of those institutions weans the sending adrift a large number of dorks - mon who for the most part are little fitted for any other kind of employment. Education has be come so general of late years that labourers and mechanics are becoming ecu cer, whilst clerks are multiplying in a reverse ratio. If an apprentice bo wanted for a particular trade, applicants are few, whilst a vacant junior clerkship attracts scores. This is a matter of regret in many ways. In the co'oniee the tradesman has many opportunities of acquiring a competency, if that be -his ambition ; whilst as years roll on tho position of clerks will become worse and worße. There is no more independent man in tho community than a good mechanic, whilst of all v ays of earning a Hviog none are so precarious as that of tho pool "quill-driver.' Skilled bookkeepers and men of exceptional talents may command remunerative employment in the future, as they have done in tho pa6t, but for mere copying of documents the demand is fur exceeded by tbo supply. Parents who have done well are too dieirous of placing their boys in " genteel" employments, thereby thinking they nre bettering their condition in society. Nothing could bo worse for the boys' future. Ho was a wise parent who suid ho had a great advantage in his start in life over his son, because he had poverty for his commencing point. Ho had acquired knowledge which could not be purchased in any way by his son. Labor —manual labor —no matter how menial, is honorable, and the discipline which low wage • enforces in the spring of life is a very valuable part of education. They will have a great lesson taught th< m in Victoria by those Bank failures ; and although for years many will have to encounter severe hardships and trials of endurance, it any be the making of those who have the courage and energy to face difficulties as thoy arise; and to practice economy and thrift till they are again in a position ti enjoy tho luxuries they had previously been accustomed to.

The direct steamer Tainui, from LondoDi arrived at Auckland this (Friday) morning; ami brings the lonic's passengers from the Capo. It is understood that Mr fckerrett, of Wellingtoo, will appear, with Mr Roy, for the Crowa in the ca es oguiuai Mestirs Hondy and Pcaso for nuking alleged fn'io ptautory declnmtiouH under The Land Act