THE FINANCIAL DEPRESSION.

An exceedingly well-written pamphlet on “The Financial Depression—its Cause and Remedy,” has been for warded to us from Auckland by the author, Mr R. D. L. Duffus, who attri butes the general fall in pi ices to an increase in the purchasing-power of money, and chiefly to the appreciation of gold resultant upon the gold produc tion of the world falling short of the requirements of trade, the evil being, as he contends, greatly intensified by the demonetisation of silver. The case presented is of so entirely technical a description that it is "difficult in the brief compass of a newspaper notice to state it in a form readily comprehen sible by all classes of readers ; but we will endeavor to give the drift of the argument in as clear a form as possible. Our author shows that with an increased yield of gold and silver the purchasing-power of money falls, and the prices of commodities are corres pondingly enhanced, while the reverse results are the necessary consequence of reversed conditions. For example, he states that “ the purchasing power of money gradually declined for several centuries after the discovery of America, falling no less than three and a half-fo(d, in consequence of the in creased supply of the precious metals lowering their exchange value, and unparalleled progress was the result From 1810 to 1830, on the contrary, the production of the mines decreased considerably, and prices steadily fell simultaneously, as was proved by Mr Tooke and Professor Jevons, and the subsequent increase in their production up to 1848 was quite insufficient to keep pace with the ever growing demand, and the consequence was that deplorable stagnation of industry which characterised the second quarter of this century, and the world-wide suffering of that gloomy epoch so graphically recorded by Sismondi, Martineau, and others, is certpinly one of the darkest pages of history. Between 1848 and 1870, however, the rich treasures discovered in various parts of the globe nearly doubled the annual supply of gold and silver, and prices during that period rose from 18 to 20 per cent., so stimulating industry and commerce that the whole civilised world progressed by leaps and bounds —industrial marvels springing up on all sides as it beneath an enchanter’s wand.” From 1873 to the present day the supply of gold has been steadily decreasing, and as of the total yearly production, now about Soetbeer estimates that ,£12,000,000 are annually consumed in the arts and manufactures, and ,£4,000,000 are absorbed in the East, there remain only 2,000,000 to supply the whole world with a medium of exchange, while, if losses and wear and tear are taken into consideration, there remains only ;£i,000.000 to cover the mone tary requirements of the entire world, with all its growing population and trade. This contracted gold supply to meet the necessities of the constant enormous expansion in comraeice would alone be sufficient to account for a large increase in the purchasing power of the sovereign, which is the equivalent of a sharp decline in the prices of commodities ; but Mr Duffus goes on to show that the demonetis ation of silver intensifies the evil, which he regards as a deplorable blunder, and of which he quotes no less an authority than Mr Goschen as having predicted in 1878 that it “ would produce a more disastrous crisis than any of those recorded in history.” He argues that “ while the profits upon the exports of all nations using a gold standard and currency have been swept away by the appreciation of that metal, the pro fits upon the exported productions of those that still possess a silver standard have been actually trebled at our ex pense," and instances India and Russia as countries which are benefit ing largely at the cost of other nations. He puts the case as follows: —“ Let us pursue the inquiry a little, and endeavor to ascertain why it is that the enterprising and industrious Anglo- Saxon is now unable to hold his own as proudly as formerly against inferior and semi-barbarous races. Have our industrial classes—the bone and sinew of the nation—degenerated ? Or have they been unjustly handicapped in the great battle of life by blind statesmen and bungling legislation ? Let us first put the farmer in the witness-box, since his occupation is the sheet anchor and mainstay of every country. Ask him why he has to throw up the sponge and confess himself beaten at his own trade by the semi-barbarous hordes of India and Russia, and other silver using countries that now easily under sell him in all the great markets of the world. His plain matter of fact state ment is simply this : —That while for a given quantity of produce, costing say be formerly received ,£IOOO in the London market. leaving him jQ too for his labor, now, since prices have fallen 10 per cent., he receives for a similar shipment a draft on his banker tor only ,£9OO, leaving him no margin of profit whatsoever. On the other hand the same quantity of wheat or other produce shipped from India to London also sold until within the last ten years for ;£iooo, which was re turned to the Indian producer in the form of a draft on his banker for 10,000 silver rupees, the currency of his country, leaving him likewise a profit of one-tenth, or 1000 rupees. The ,£9OO, however, which the same quantity of produce at present realises in London is now remitted to India in the shape of a bank draft for 12,000 rupees, since the exchange value of the rupee, as estimated in England’s gold coin, has fallen twenty-five per cent., or from 2s to is 6d. But since the pur chasing power of silver has not de clined in India, as pointed out by Professor Fawcett, and clearly proved by the commission that lately sat to investigate that question, the cost 6f production is manifestly still the same there as formerly. The Indian producer, therefore, has just three times his former profit, or 3000 rupees for his trouble, instead of xooo.” Space does not admit of our following Mr Duffus further in his very interesting argu ment as to the cause of the present depression, and we must hasten on to state in a few words the remedy which he proposes. As will be inferred from the foregoing, he admits that the re monelistalion of silver would in itself be a considerable relief, but he contends that the remedy is to be found in a State paper currency, and argues that

It “ has yet to be shown—in spite of all ffie ridicule that has been ignorantly or selfishly heaped upon it—that national paper money based upon sound economic principles, would not pre serve the equilibrium of the standard and prove an incalculable blessing to mankind.” Adam Smith (says Mr Duffus) “ foresaw the possibility of a crisis arising from a scarcity of the precious metal, and pointed out the only rational remedy in the firss chapter of the fourth book of Wealth of Nations, saying :— ‘ If gold and silver should ever fail short in a country that has wherewithal to purchase them, there are more expedients for supply ing their place than that of almost any other commodity. It the materials of manufacture are wanted, industry must stop. If provisions are wanted, the people must starve; but if money is wanted barter will supply its place, though with a good deal of incon veniency. Buying and selling upon credit, and the different dealers com pensating their credits with one another once a month, or once a year, will supply it with less inconveniency. A well regulated paper money will suppy it not only without any inconveniency . but in some cases with some advantages over the precious metals themselves.’” Mr Duffus then deals with the objec tions usually advanced as against the proposal for a State paper currency, i.nd with much ability. We are unable to give even a resumd of his argument as a whole, but will just allude to one point, viz., the oft-repeated objection that while State notes might be made a legal tender within the bounds of the colony without inconvenience to any one, they would not avail for payments requiring to be made beyond the bounds of the colony, and for which gold would be required. His answer is that very little coin indeed is really required for export, inasmuch as our exports and imports of money very nearly balance each other. “ Thus in 18S1 the difference against the colony was .£13,000; in only, and since then our imports have con siderably exceeded our exports, in con sequence, probably, of the depression having alarmed our banks.” Going on to show what would be the advantages flowing from the removal of the cause of depression which he indicates, Mr Duffus says : —“ No man living can assign any logical reason why, if sup plied with a sufficiency of a reliable medium of exchange, and a just standard of value, the industrial classes could not now create wealth and pros perity on all sides just as rapidly as they did during the best days of the goldfields, or indeed far faster, for the supply of currency was even then always costly and uncertain, while the medium of exchange should be inex pensive, economical, and perfectly accessible at all limes to any who are willing to give good value in exchange for it, since it has no conceivable limit short of the legitimate requirements of civilisation for the distribution of the fruits of industry,” And he concludes a very able and interesting pamphlet which will certainly repay perusal by all who take a thoughtful interest in this important, though somewhat abstruse, question, with an extract from an article in the Nineteenth Century on the increasing scarcity of gold, in which the following passages occur :—“ Men may believe it or not, just as they please, but the fact is, as time will quickly prove, that all civilised nations are now being gradually reduced to the verge of starvation simply because the great artificial wheel of exchange has broken down under the excessive burden now imposed upon gold We disdain to believe for an instant that when British workmen once fully realise what is now going on through the appreciation of gold they will tamely submit to be drained of their life blood, and ground systematically down to poverty, degradation, and famine, to pamper and fatten their greedy and grasping rivals —the teeming and semi barbarous hordes of Northern Europe and Asia. Although by means of an artificially contracted currency, and a viciously unjust standard of value they are now hopelessly handicapped out of the race of life, let their rulers only give them fair play and they can safely defy competition and hold their own fearlessly against every nation upon the face of the earth,”

THE ASHBURTON GUARDIAN, TUESDAY, NOVEMBER 23, 1886



Listen to your Wife. The Manchester Guardian, June Bth, 1883 gays At one of the “ Windows ” Lookin' on the woodland ways ! With clumps of rhododendrons and groat masses of May blossoms !!! “ There was an interesting group.” It included one who had been a “ Cotton spinner,” but was now so Paralysed ! !! That he could only bear to lie ia a reclining position. This refers to my case. I was first attacked twelve years ago ■with “ Locomoter Ataxy " (A paralytic disease of nerve fibre rarely ever cured) and was for several years barely ab’e to get abort. | And for the last five years not able to atten' to my business, although Many things have been done for me. The last experiment being nerve stretching. Two years ago I was voted into the Home for Incurables ! near Manchester, in May, 1882. I am no “ Advocate’’ ; “For anything in the shape of patent ” Medicines ? And made mrny objections to my dear wife’s constant urging to try Hop Bitters, but finally to pacify her— Consented !! I bad not quite finished the first bottle when I felt a change come over me This was Saturday, November 3.d. On Sunday morning I felt so stro ig I said to my room companions, “ 1 wrs sure I could “ Walk !” So star'ed across the floor and back. I hardly knew how to contain myself. I was all over the house. I am gaining strength each day, and can walk quite safe without any Stick 1” Or Support. I am now at my own house, and hope soon to be able to earn my own living again. I have been a member of the Manchester “ Royal Exchange ” For nearly thirty years, and was most heartily congratulated on going in the room on Thursday last. Very gratefully yours, John Blackburn. Manchester, (Eng.) Deo. 2-lth, 1883. Two years later am perfectly well.



In Bankruptcy. v. m R. IS BANKRUPTCY. ESTATE OF THOMAS COLLIN' 5 , OFFERS for the purchase of the equity of redemption of T N. 448, Ashbur ton; with cot age nnt outbuildings, will he rec ived till 4 pm. on TUESDAY, November HOth next. Sealed tenders should be addressed to the undersigned, from whom particulars can bo ascertained. J 0. BELL, Deputy Official Assignee. Ashburton, November 23, 1886. 11J45 SHEARING. Ol HEARING will COMMENCE at O HAKATERE on MONDAY. 6tb December. MESOPOTAMIA to follow. DONALD H POTTS It 137 CEO. McMILLAN. NOTICE. ALL Persons owing Accounts to the late Andrew Dawson, junr., are requested to pay the same to David Thomas, at the office of H. Matson and Co., Ashburton, and nil accounts due by him must be sent in before iha 21st December for payment, otherwise they will not be recognised 1132 ANDREW DAWSON. TENDERS. ’TENDERS are called for carting Wool f from Clent Hills to Mount Somers Railway Station, and also for back loading. Particulars on application to under signed. 1145 THOS. HARRISON. “W. F. HANNAFOED, Compton’s Buildings, Moore Street, TINSMITH AND METAL-PLATE WORKER, ITTISHES to inform .the public of Vy Ashburton ant the surrounding districts that he keeps in stock or can MANUFACTURE TO ORDER all de scriptions of TINWARE for tARM or DAIRY purposes; also, all REPAIRS of any nature promptly executed in a skilful manner. All go ds sold at lowest remunerative prices A Trial solicited H RSE-HAlßand BEESWAX bought in any quanti j v. §4Mlj r- UNDER DISTRAINT FOR RENT. ALFORD FOREST HOTEL WEDNESDAY, 24th NOVEMBER, At 1 o’clock. MR H. B. SORENSEN has been favored with instructions to sell by public auction as above, all the FURNITURE AND EFFECTS in the Hotel, consisting of Bedroom and Dining-room Furniture, Bailor and Kitchen Furniture, Stock-in Trade, and all other appurtenances necessary for carry ing on a hotel in full working order. Also, 1 Gold Watch, 1 Double-barrelled breach-loading Gun. No reserve. Terms cash. H. B. SORENSEN, 11 45 Auctioneer. NEW ZEALAND RAILWAYS. CHEAP EXCURSION TO CHRIST CHURCH AND LYTTELTON. AN EXCURSION TRAIN will be run from Ashburton to Christchurch and Lyttelton and back on MONDAY, 1 29th November, as under, taking passengers from Ashburton, Chertsey, and Rakaia ; 1 am Ashburton, dep 8 50 Chertsey, ~ 9.20 Rak ,ia, ~ 9.40 Chr’it'ch. arr 11 5 Lyttelton, arr 11.35 p m. Lyttelton, dep 555 j Chrisl’ch, „ 635 RETURN FARES: From Ist Class. 2nd Class Ashburton ... 5s 6d 4a Od Chertsey & Rakaia 5s Od 3s 9d Children 3 to 13 years, half rates; under 3 years free. The 29th Is one of the dates of the Intercolonial Cricket Match at Christ church. 11+44 By order. Ashburton A. & P. Association Show. ASHBURTON TO THE FRONT. Grand Show OF I ANUfAOTUBED TWEEDS, TARTANS BLANKETS, FLANNELS FINGERING WOOLS SHIRTINGS, DRESS TWEEDS COLORED FLANNELS NAVY SERGEB CRICKETING FLANNELS, &o. All the above Goods have "been PURCHASED BY ANDREW ORR And will be offered for sale immediately after the Christchurch Show (where they will bo exhibited,). These Goods are admitted to be superior to anything of the kind oyer offered a Ashburton, both for style, finish, and quality. Orders for suits should bo given at once to secure the best patterns. ANDREW ORR



Prosecute the Swindlers! I If when you call for American Hop Bitters {see green twig of Hops on the white label and J>r Soule's name Mown in the hott'c), the vendor hands out anything but American Hop Bitters refuse it and shun the vendor as you would a viper; and if he has taken your money for anything else indict him for the fraud and sue him fordamages for the swindle, and we will pay you liberally for the convic on.



Public Notices. LONGBEAOH ROAD BOARD. 1 IL RATES UNPAID on 18ih DECEMBER will bo sued for. y r nt-39 WAKANDI ROAD D 1 TRIOT. ARE INVITED FOR:— No —Fairfiold Road, METALLING about 60 Chairs. Particulars cin be soon at < ffice, where tenders will ho received till 10a.ni, on SATURDAY. Dfcomb-r 4th, FOOKS AND SON, 114,140 District Surveyors. Meetings. _ TINWALD PRESBYTERIAN QHURCH gAZA AR. Variety of Osefal and Fancy Articles. IN THE TOWN HAL'.. DECEMBER 3nl & 4tb. 11 16 ODDFELLOWS’ HALL, ABHB mTON. Under the Management of Mr Mallaby. TBURSDAY, NOVEMBER 25 b. BY request of a number of Ashburton citizens, Mr Mallaby has decided to give ONE PERFORMANCE in ASHBURTON prior t> his opening in Christchurch, on which occasion will be produced The highly successful Comedy THE GREAT PINK PEARL. Plajed for over 400 nights in London, and throughout the Australian Colonies with immense success. The Funniest tf Funny Plays. For cast of characters see day bills and programmes. (Special prices for this performance. Reserved scats, 3s; second, 2s; third, Is. Box plan at Zander’s, where seats can be secured, 11 143 H D. B, EBDEN, Secretary. A. Harriso J- Alfred Harrison, AUCTIONEER, STOCK AND ESTATE AGENT AND VALUATOR. SATURDAY SALE at 12 o'clock sharp —Horses, Cattle, Pigs, Produce and Merchandise. Agent Norwich Union Fire Insurance Company FOR SAL xs— Piano, by Bord, nearly new. Cheap 1 Spring Cart, with seat, nearly new 1 Spring Cart, suitable to butcher or baker. Good order. Spring Cart—Cheap 1 Dray and Frame 1 Stripper 1 Sulky Plough, by Deere and Oo 1 Chaffcutter, by Bantall 1 Mangle for household use, very strong and in good order 1 Horsepower and Intermediate ALFRED it a PffTMnv T. Bullock. 0} AA ACRES Grass Land, fronting the MUch-m road, about 2| miles from the Racecourse, being RS. 29934. To Let for 4 months. Offers will be re ceived by the undersigned up to 26th November. T. BULLOCK. TINWALD. TO LET.—Three-roomed House, near Mr Shearer's, lately in occupation op Mr Biggs. T. BULLOCK. OATS. —A quantity for Sale; good sample, T. BULLOCK. TO LET—At a low rental, Shop In Barnett Street next the Arcade. T. BULLOCK. TO LET.—I 3 ACRES joining the Township of Tlnwald, together with a comfortable Cottage of 4 Rooms, with good Cooking Range, Scullery, &o. Apply to T. Bullock. TO LET. —A Five-roomed House, centrally situated in Tancred street. T. BULLOCK. FOR SALE, or TO LET.—Six-roomed House fronting the Town Belt eaat, the property of MrR. W. Olayton. As he is leaving for tho North Island, this will be sold at a low price. It is well situated, being a high, dry, and healthy position. If not sold will be let at a low rental to a good tenant. Apply to T. BULLOCK. TITO LET, Four-roomed House, with I half acre l and, fronting Beach road, and near tho Presbyterian Mnuso. Apply to T. BULLOCK, SALE—Double Sealed America? r Waggon. 181 * ' T. BULLOCK. TO LET—Commodious Grain Store West street. T. BPLLOOK TO LET, HOUSE in Moore Road, originally owned by Mr Sealy, and next to Mr Orr’s properly. Apply to T. BULLOCK FOR SALE or TO LET, Mr Winser’a Property, corner of Cox and Cass streets. For particulars apply to T. BULLOCK. TO LET—At a low rental, Centra Bakery, together with shop and dwelling house. Apply to T. To LET, a three-roomed Cottage at Trevorton. Rent, 3s 6d per week Apply to T. BULLOCK. r| ‘,O LET—2 Cottages in Grey Street, J. kown as Contis’ block ; Rent at 5 per week. T BULLOCK, FOR SALE— Two sets of three leavea harrows, by “ Howard." T. BULLOCK POR SALE Lot 25, fronting the North Town Belt. Price, Liberal terms if required. Apply to T. BULLOCK. TO PAINTERS. TO LET at a low rental, Shop and Dwe}linghonae in Moore street, lately In ocoupetlon of Mr *^^OCK.



BY ORDER OP THE MORTGAGEES. BATOITATA ISLAND. SPLENDID FARM 807 acres 807 With Live & Dead Stock THEREON. H MATSON & CO. hare received ■ Instructions from the Mortgagees to SELL BY PUBLIC AUCTION ON THE GROUND, ON MONDAY, 29th NOT., 1886, 12 o’clock, RES FIRST-CLASS LAND, f 0 follows, v'z, ; 150 ACRES I'l CROP, promising a v*ry heavy yistd 100 ACRES GRASS SEED. Balance in ENGLISH GRASS. The fences are perfect. There is a good four roomed Home on the land ; also, S’able, Yards, Garden, Plantation, in fact, everything in apple pie order for the now own r. Nothing to do but reap the fruits of another man’s industry, and. pocket tho remit*. N,B.—Tho Auctioneers would call the special attention of anyone in search -f a Good Block cf Lar d to this sale, as they know the property well, and esn thoroughly recomme'. d it Also, NFAB EALING, 150 acres of land 150 Lately the Homestead of Mr Adam Jackeon, : Being H.S. This proper y is well wstared and fenced ; all in EngMsh Grnsa. There is a large House and Stables, Yards, «fec., and it will bo sold abaolut ly to close an estate. Immediately after the sale of the land, We shall dispose of the Live & Dead Stock Consisting of Sheep, Horses, Cows, Plgk, Drays," Ploughs, Harness, and Sundries, Farther Entries are solicited. Traps will meet Express morning of sale returning buyers for evening train. Sa’e at 12 o’clock. Terms easy—at sale. Luncheon provided. h. M atson & co., 11 61 Ashburton. Riversdale Estate. THIS PROPERTY IS FROM AT PRESENT, BUT (^ALE Will be Sold Absolutely IN MARCH, 1887. SALE PLANS WILL SHORTLY BE BEADY FOE ISSUE. MILES AND CO. J. T. FORD, Auctioneer. GEO. JAMESON, Agent. Laud. Land. Land. MESSRS MILES & CO. are in structed by I. R. 0. C. Graham, Era., to offer RY PUBLIC AUCTION, ON SATURDAY, 27th NOVEMBER NEXT, At Mr George Jameson's Store, i -hburton, 900 AOBBS 900 of his Tinwald property, known as Graham’s Farm, Fronting on Graham’s Road, along which a coach runs daily. The land Is of good quality, and suitable for all kinds of agricultural purposes, and has not been cropped for ten years. The farm is only one mile distant from Tinwald Railway Station and three miles from Ashburton, and watered throughout with the County races and natural creeks. ABOUT 400 ACRES IN BLOCKS OE 35 to 40 ACRES, AND 500 ACRES IK BLOCKS of *sovr 100 ACRES EACH, Plans of the property can be bad on application. Sale will take place at 2 o’clock. Terms of payment: 10 per cen k . cash, 10 per cent id six months, 10 per cent in twelve months ; the remainder mo } remain on mortgage at 7 per cent, interest. J. T. FORD, Auctioneei GEO. JAMBS' >N, Agent, Ashburton.



Public notices. WOOL SALES. ASHBURTON ;'|IJBE NEW ZEALAND jOAN AND MERCANTILE AGENCY COMPACT 1 Will hold WOOL SALES At their Stores, West Street, Ashburton, DURING THE SEASON. THE FIIRST SALE Will he held on • FRIDAY, 26th of NOVEMBER. 1 135 H. H, SECRETAN, Agent. ASHBURTON WOOL SALES Our First Sale of Wool by Auction DURING THE PRESENT SEASON WILL BE HELD AT MB. GEO. : JAMESON’S STORES, WEST STREET, ON FRIDAY, 26th NOVEMBER. BACH BALE WILL BE CAREFULLY SAMPLED AND VALUED BY MR FORD THE DAY PREVIOUS TO THE SALE. MILES AND CO. J. T, FORD, Auctioneer. GEORGE JAMESON, Agent, Ashburton. BARBELL'S STEAK PATENT FAMILY WASHING MACHINES (AS ADVERTISED IN “ WEEKLY PRESS.”) ON SALE BY F. FERRIMAN, SOLE AGENT, ASHBURTON. THIS MACHIHE IS THE MOST PERFECT AND GREATEST LABOR SAYING 'MACHINE EVER BROUGHT BEFORE THE PUBLIC OF NEW ZEALAND. The advantage we claim for this Machine is, THAT THE CLOTHES SUSTAIN NO DAMAGE BY WEAK OR TEAR, AS THERE IS NO FRICTION ; and attention is also called to the fact that the clothes do not come in contact with the dirty water, bat are enly immersed in the steam, which is certain to keep the linen in good color. No brushing, scrubbing, or any painful hand robbing is necessary, and the slightest effort is sufficient to turn the handle—a child ,ten years of age being able to easily work it No Copper or Boiler required, the whole process of washing being done in Machine at same time. The Machine undoubtedly supplies the best means of disinfecting the clothes which come in contact with contagions dhsases, no germs of infection being able to survive ten minutes immersion in the steam. Two blankets can be washed at the same time or four sheets ; ten shirts, or olhe articles in proportion. Any special size can be made for Hospitals, Laundries, o Hole Ikeepers. 10799 w. PATCHING, TENT, TARPAULIN, FLAG, AND HORSECLOTH MANUFACTURER. A LARGE STOCK ALWAYS ON HAND OF TENTS OP ALL SIZES CALICO, DUCK, TWILL, AND CANVAS. Manilla Rope, Plough Linos, Fishing Lines, Clothes and Garden Lines. IRON AND WOODEN BLOCKS, Special attention is cailea to the well assorted STOCK OP REAPER AND BINDER CANVASES, All made on the Premises. Battens and Canvas kept in stock, and repairs promptly executed. Tarpaulins from 6x8t024 x3O always in stock. Oilskin Clothing made on the Premises. MARQUEES from 12 x 24 to 25 x 65 ON HIRE. All Orders bt Letter or Telegram Promptly Attended to . W- PATCHING, 10861 EAST STREET, ASHBURTON. Miss Hitchcock, 1 FRUITERER AND CONFECTIONER, J Friedlander’s Buildings, Burnett street. Refreshments at all hours. Special attention given to DRESSMAKING. Lessons given in Painting and all kinds of Fancy Work. MATERIALS of all descriptions KEPT IN STOCK for same Feathers Cleaned, Dyed, and Curled . Gloves Cleaned, &c., on the premises. TERMS CASH. ll c 57 JSt The Thoroughbred Horse Macilleathean WILL stand in Ashburton and trave the surrounding districts this season. He is a dark brown or black horse, stands 16 hands high, got by English Tim Whiffl r, out of Flying Send. Tim Whiffler was by Van Galen, out of Sybil, by Uglj Buck, out of Sylph, by Titha da puts, Van Galen being by Van Tromp, out of Little Casino, by Inheritor. Flying Scad was a dark bay mare, bred in Victoria by Mr J. Harper in 1865, got by Fisherman, her dam being Jeanette by Little John, Whilhelmina by Romeo, Moss Rose by Emigrant, the Driver mnre (For extended pedigree see English and Australian stud broke ) Tim Whiffler was scarcely ever beaten in England. The dam of this horse being by Fisherman shows h's grand blood, as a study of the stud book will show that Market's great success has been from Australian bred mares, for the descendants of the grand old Fisherman, viz., Martini- Henry, Nordenfelt, and Trenton, are al descended from Fisherman on the dams aide. . Terms s One Mare, £3. A reduction will be made for two or more mares from ; one owner. Qroomage fee, 6s, paynb'e on first service, GEO APPLETON, Q 633 Proprietor, Ashburton \ ' rnOWLE’S AND 1 STEEL PILLS FOR FEMALES quickly correct all irregularities, and relieve the distressing symptoms so pre valent with the sex. Boxes 1j lid and Is 9d, of all Chemists and Patent Medicine Vendors, i repared only by The Lincoln and Midland Counties Drug Co-. Lincoln, England. Wholesale of all the Wholesale Houses. Beware of Imitations. WHITE, CAYGILL, & CO., BARRISTERS AND SOLICITORS, J. W. WHITE, Notary Public. OTIOR is hereby given that the undersigned, Messrs White AND O. (White Smithson, and Raymond), of fimaru, and John A. Cayoill, of Ash barton, have this day entered Into Partnership as Barristers and Solicitors, at Ashburton, under the style of “White, Oayglll and Oo." Mr J. W. White, will attend the sittings of the Courts at Ash burton. WHITE & CO JOHN A. CAYGILL. Money to lend in any sums on approved freehold security. Offices ; Bullock's Arcade 10*803 MAOPHEKSON, SAMPSON, & CO., STOCK AND LAND SALESMEN, GRAIN MERCHANTS AND GENERAL, COMMISSION AGENTS. WILL hold their regular WEEKLY SALE of a'l kinds of Stock, Produce, and Sundries, at the CENTRAL AUCTION MART every SATURDAY, at 12 o’clock sharp. Special or Clearing Sd :s conducted when required. Properties let or sold, rents collected, books and accounts audited, transfers, mortgages, and leases prepared. Loans negotiated on very easy terms. To let for a term of about 14 years, at a remarkably low rental, a splendid Cattle or Sheep Run of 42,000 acres, with plenty of water and good timber cn the property. FOR SALE— Blacksmith’s Portable Forge 1 superior second-hand Dogcart, almost new Quantity of well made Hurdles Several Properties and Houses on hand to let or for sale. 9593



Ashburton m WOOL SALES QUd JjHBST g ALE BY RUCTION Will be held at onr GRAIN STORE, WEST STREET, 0» FRIDAY, 26th NOVEMBER, When a Large Catalogue will be offered* FRIEDLANDER BROS. Note. —The ground floor will be cleared for the purpose, so that th* Wool will be shown to advantage. F. B. WOqLPACKS WOOLSACKS. offer Full Sized WOOLPAOK3 AT BACH FRIEDLANDER BEOS, WOOL. WOOL. WOOL. Made on Clips of Wool PLACED IN OUR HANDS FOR SALE FRIEDLANDER BEOS, u n ASHBURTON WOOL SALES yyE BEG to intimate to onr Clients and Others interested that onr FIRST WOOL SALE OP THE SEASON ASHBURTON DISTRICT Will be held in onr Stores on Friday, 26th Npyember, 1866, When a Large and Varied Catalogue will be submitted to competition. Clients will oblige by forwarding par* ticulars as early as possible, so as to allow of catalogue being prepared. Wool. Wool Wool LIBERAL CASH ADVANCES AGAINST WOOL Consigned to us for Sale either at CHRISTCHURCH, ASHBURTON, AUSTRALIAN, , OR ENGLISH MARKETS. H. Matson & Co,, ASHBURTON 1152