The Tuapeka Times AND Goldfields Reporter & Advertiser "Measures, not Men." SATURDAY, 7th FEBRUARY THE NEW LOAN.

Tuapeka Times, Volume XLV, Issue 6135, 7 February 1914, Page 2

The Tuapeka Times AND Goldfields Reporter & Advertiser "Measures, not Men." SATURDAY, 7th FEBRUARY THE NEW LOAN.

ll may bo presumed thai the success ui the nuw loau ul i per cent, haa rai»- [ cd leelings of salislaction throughout 1 thu country, ltuahiug a r\cw Zealand 1 loan in ninety minutes with livo times us luuny application* as were needed has nut been a common phenomenon oi late yoara iu the world oi liuuueu. Lut our joy may be dumped a little by the reiicclion Unit, alter all, th»ro is uo particular reason lo imagine ' that Aew /.eulaud seems to European investors a bolter iiold for investment tins yeur tluiu H did last year, iu the 'same seiioi oi cublugruius as inlouiiLii us that uur i per cent, loau oi millions wus sutisenboii nvo-lold, thuro is published thu ncwo that u J/iUssiun 1 per cent, loau oi 1, muliou» \vu>i subscribed seventy-two fold. ihcru is ovideully a Hood ol money and Aew /calami lias obluiued some ol the back-wash, lor receiving oi widen let us be truly thuukiut. buch a sudden muudution oi lruouiyiug cupitul utter thu lulu haaurml nlrmguucy proves that capitalists, large uud •mail, ull over thu world must have Uuou Keeping their pockets uutloued up. i'lobabiy llio labour unrest so muniicst everywhere wus llio mam reason lor tins utliliiue. Capitalism was sUtl. i'lljg itulll un UllUCtv ol wnut wu may mil syaiiiculiiio. As all wculiUin ptouueui by the uppitwuioß. oi liuuiun lahour to natural lorce.., when llial laoour is wundrawn, there is u cessation oi woiuth piudui uou, and the lnviotor cuuiul ooluiu any return U'oui Ins capital, which remain., looed up in laud, in- houses, or lnaohluery. 1 liciviorc, when strikes permeate llle utmu.-piieie ol the industrial world, uuunoicrs aiu disinclined to lend money lu anybody. Uiulu the geucrul alme •corns possible the security must bo iloubtiul, but the imp ol tuoout uuust has been forcibly squeezed into hia uolllc aguin, and hence, we may presume, proceeds the general desire oi cupiluusts to make hay while the BUU shines. As to the relative powers of linauciai prescience possessed by tha il»u. dames Allen and thu Higlu lion. oil' Joseph Ward, wirich is m present u controleraial topic, much muy bo said on both sides. At the lime when Hie pieviouk louu wan raised wu believe it was jiibl u toss-up winch wus preloiubL, a short-dated loan or u long-dated loan, in the absence ol a ny cum« lur alarm thu geuorul leniency oi thu rutu oi interest is to becomu lowur, because the growui oi wealth outstrips the growtli oi population, iiut national war is still possible, and industrial war ia inevitable. So iheru you are. iLNDLiUILNLXU Tilt, IUUTISII (JUNSTiTU'ITCUs'. In the , days before light had been thrown on the inner mysteries of the Dark Contiaenl, u hackneyed old Latin proverb wub used by classic writers to state their belief that there was uli ways somothing new to come out of Africa. We may still apply the aphorism, for, though explorers have pretty well exhausted the novelties Africa h u s to show in the way oi strange laula, strange tribts, straugo animals, strange customs, in tho domains oi civio life aad State polity strange things are still occurring. One of the strangest of deedß done in these latter days by the Government of ,a Dependency establish* fld under the British Constitution and under the' British Flat has been tlw kUbapping and expulsion without U»

LL.. . f of ten subjects of King George V., because they were labour agitators. General Botha has done what his old companion in arms, President Kxuger, •never dared to do. Dr Jameson and his irienda made open war on Kruger'a Government, but they had a chance to plead their case at a trial m a court oi justice. AnU tue irony ot the occasion is that suca an iavasiou oi civil ngnts should Lie pollute under the inion Jue.v, the nag to wnieii tue irceuorn jimon looks for protection when wanuermg in luie.gn lamia, '(mat inures the oucnee worse is that )t ft as not perpetrated in ignorance. Ueneral lioihu ana his colleagues micw very well mc-y were violating the Due isu constitution to whicu tncy o»e their elevated station, lor they are introducing a iiiil into the cinon l'arliauient lo indemnity iliem irom pio- | gecuuou under the law ol we pire, and we na>e no hesitation in uinrniing mat, li sucu a liiu is passed and hnuliy receives me rving s sanction the hrst step win ce intcu towaida iho ultimate brtuh-up ol the Lmpire. J.'or u the imperial boici'nuienl anous the constitution to be suspended at tue mere will anu pieasurj ol a lew politicians in Soma Africa, its luiiclion as the imam guardian ot that Lonstilution is ended, ana the constitution oecoines practically null ana void, Ll.e rjupm; ,i ukic liaiu., anu thu nag of tue luijiuu a byword, inmam uuiwar* oi Uie c<;n=utuuon is the uical cnai .c-r, soLmiiiy coiiiiuncu by out i-iugs a!id painaiueiits over -j>. times : '•' ao iiceuian shall lie tai.cn or imprisoned, or disseisid, or or i,JJ>i£>.m.ij, or any waj; destroyed, nor *iii we pass upon nun, nor win we send Ujiou mm, 1.\1.i-.:.j h\ Ijlli LAtW'LL JLU(.Jli:..\l Ur ili.-5 l'jjilto, OH Dl iuJi LA \\ d liili I.A.Mi. He wilt scil to no man We wdl not deny to any i.a.i, cui.c. justice or right. iialiam, uw great historian oi tae Constitution, caii-s these clauses ol Jlagna chaita its essential clauses, being those " wuici. protect the personal liberty and pio perty oi all irecmen, by giving security noiu arbitrary lmprisouiucui aiM aroiuary spoliation.' lhe same lngn authority unserves that these words oi thu Ureal Charier " interpreted uy aiij honest court oi la.v convey an uiupie security (or -ho two main rights ui .civil society." And in reiereuce to the writ, ol haoeas corpus wmch was lounded on the broad basis of iMagna Charta, Haliara adds that, "ii ever temporary circumstances, or the douU, iul pica of political necessity, shah lead men to look on its denial with apathy, the most distinguishing characteristic of our Constitution will be eiJaeed." Whether the " doubtful plea •f political necessity " has led British subjects in South Africa to look on with apathy ai the illegal and tyrannical acts of the Botha Government we cannot say, because tne news ir„. thence is reported to be enforced, but it is evident that, unuer quasi-uutch control, the British Constitution is in I a very bad way, and it remains still to be seen whether British or Boer jfraditions will carry the greater, weigh*, m the development of United South Africa. Great goW-grabbers and their creatures should not be allowed to pursue a policy for persisting in which an English long and more than one, English statesmen have been convicted of high treason and summarily behead-]