THE Thames Advertiser. MONDAY, SEPT. 28, 1885.

Thames Advertiser, Volume XVI, Issue 5283, 28 September 1885, Page 2

THE Thames Advertiser. MONDAY, SEPT. 28, 1885.

An amusing 'but we believe correct account' has been.issued as to the work accomplished by the' delegates sent W London ; to float the East j(nd '.West Coast Railway scheme. We-lhave'.had in bur 6wn ; < neighbourhood some proposals for working mines by the aid of London capital, and such as are familiar with the number of extraordinary outof'jihej;world; investments j which do procure a temporary life on the London: Money Market might' well be excused, for indulging the hope that as they really had igood and tangible prospects to» put before'the financiers in question, local offera would be listened ,to, tfieir schemes ' eagerly; take'n:tip, Valid; aH^ould' go ; merrily as a marriage ; .bell; s^ Labour puld' find , : amplefSinplbymeht: at remunerative rates, : the • 'J hames I 'would prpsper,'arid almost^millenniumdawn upon ; ourdistrict./!:It;is perfectly/true that with' the'm'arket • rate- for discount; injL.ondbn:at If per ; centrand 'Consols at!par, there is'abuhdant money in the Great Babylon ; ■■ for employment. anywhere' : 'and '"• everywhere, 'but -the men who control its outgo mean to invest;;4ne. hardly, hajve -the. same experience j living o potf mere ,: ''hopes; as we- indulge here.. Theyrequire something impre; tangible.Haye;;;j:;liitie''rbelief; ,;i^spjrits' Tbufc almost to a man are' materialists —not to ; say; metalticiarisy And so our East r and West Goast Mends' ; found out to their sorrfowj 1 ' Dobson arid Fell"pnicee'ded "to\Lond6n/: nired offices in part of the building-occupied by our Agent-generalj madeknown their projeot far and wide,' and 'awaited-the advent bf the big'fish whom thby/fo'ged to encircle with, their'netivO/ißut, the titae was - clouds; of war dimmed, the, andi these took full two months to But at length. seemed was no Idnger hoarded; and the cautiously examined by the: only Vtrout big enougH' to shallow' it; ■ I One , (arid anptber of ,th.e. finny till' at length" it was lefeto ■a j s6]||iry 'one,; It seems that he and; his .partner -had long'enjoyed' Hhti highest" consideration," in' ' ; ; : firianwal;; circlei,v^ ; had taken mi ■■. executed' some thirty millions in Soutli'America, baits to ! which'bur comparatively small ohe was but a fleabite. To drop the simile to ybe ; Was, ,tooi small,. it. and „.: they..; set;; ' jKe.' opera-! tion with a. ligbt;.heart.r:';Thedeiei gates . .with ; ;.carefully ]</pi& pared ; plans showing that their line, •&• eluding all oxpenses~-engirieering and other — could " ; ibex-Vcompleted -for $2,750,000. ; Little doubt aefims;;to have been' enterjtained''s'as!:'ta5 'as !: 'ta /the accuraey f • of: ; the • ! estimates ; theni!,,.if ■' Mfeigga'sj;:: dertook ; it. r f hey -. mast ; rr n hayej J weighted ■ %ith',^lM^perH icerifcf/'for Qontractor's; ! risk' and- profifcjytlius 'enlarging / the proposed btttl'ay !; to : |3,025,000,ny8u1ij this f ; was;:by :no 'means all. Wβ have read of that amiable paVtne'r,' Sperilow/ Diokens, who • was, always ; -himself,so, e'xcessiyeiyV willing!.; to! : iieedyl clients; : but whose benevolence wae sadly repressed by'the invisible Jorkine who alwaya .had.firat: ; ,to..:be. ( ,cpnlinya'ri^ily^ f |o' ac»; commodate—except upon terms,' Well cerfafounder^ beconsulted; ahd^thesegehtlemehtadked on £50,000 for jexpenses in,floating arid administering/the; for underwriting, and |400,000 "for interest during construction. Thus the bait was swollen, out from to wil&gne'ss was expressed to gulp it. If the last session' of Parliament had no other redeeming feature; it" at least had thiß-4t withBrew the bait, did without'; .underwriting and been used to iossing about millions uncontrolled in the Argentine Republic, Peru, and Costa Rica,—-most wisely as we think, and determined for tfie present at least Ho cut their coat according to their cloth, and even at the cost of bffending Canterbury most bitterly to let' /her .wait /..till;.;wool; i andragrain; rose in price sufficiently to enable her,! for, the, rajjway, she supposes herself so sadly to need; to help herself—i» hard 1 but wise lesson, *r ; ; ; :f- : ;'■,.■