The Danger of Postal Notes.

Manchester Guardian. It has been pointed out by several eminent economists that one of the most dangerous consequences of the demoneti sation of silver is the increasing issua of Government paper currency hi various parts of the world. The Bvitiob Gcvern men 'tsp'f ;« ■ "*■ ab« 'u-ftly f«ve fenm. thin tendency ; !:<>r <-h<>uyu it doe,- u</ issue " greenbacks " it is engaged m an attempt to establish an inconvertible fiat currency m India, and m this country, forgetting' that tbe au'ho;' of its monetary jyj:-;::'., J;i- Ib.;.;' L ',i<l Lit">. v'nrv;l, 9t:spu-

over va .i •.. ly t. h x. n > f b actual cost of coining the mjtal, so that the illicit coiner could not compete, it now manufactures* and circulates coins which offer a profit of 130 per cent to any rival producer. But the latest illus tration, of this tendency to abandon sound monetary principles and to revert to the *' assignat" folly of the first French Republic come« from New Zealand. The New Zealand Herald points out that the really portentous question m the next parliamentary session m that colony will be finance. The Government " will wvnt cash, and that soon." It has loudly proclaimed that it will not borrow m the London market, and, indeed, it is pretty well understood that an application there would not be favourably received. Under these circumstances the Government has practically admitted that ib has two schemes m view as a means of " railing the wind." The first of these is an unlimited Issue of postal notes. The Colonial Treasurer stated a few months ago that the Government was issuing 100,000 £1 notes of this character, and would increase the number from time to time " as the circumstances of the colony might require." These notes were legalised m 1885 as a means of facilitating remit tances merely, and m order to prevent their remaining m circulation as currency it was enacted that they must be pre sented for payment within four months of their issue, under penalty of a fixed de duction from the amount if presented after the lapse of that period. Thus the notes did not remain m circulation, but were promptly presented for redemption, and the Government really incurred no increase of indebtedness. But during the last session of the New Zealand Parlia ment such safeguards were abandoned. It was enacted that the notes might be issued "m such form a<s the Governor by Order-in Council may from time to time prescribe," »nd that their "currency" should be " unlimited m time." Thus pro vision has bfen made for an unlimited issue ot £1 notes, which may pass from hand to hand indefinitely, and which may be used for the payment of wag >s, and there Is no guarantee of their converti bility, especially m times of pressure on the banks, as the Government keeps no stock of bullion against them. The Government may itself use the notes for the payment; of contractors, civil servants, or workmen. The second financial pro ject referred to is an Issue of debentures to the amount of £500,000 for the purpose of developing the Government's policy of land settlement and relieving the congested labour maiket, the money to be em ployed by the Government m the pur chase of lands and m clearing them and preparing them for settlement. The im mediate effect of the issue will be an in crease of £500,000 m the indebtedness of the colony, and the addition of £25,000 to the amount which must be annually raised for f-he payment of interest. Ib is possible thac these debentures also may become a species of currency. These are some of the consequences of the dangerous credit doctrines which are now being preached m defence of the violent con traction of the " hard money" of the world. Their effect m New Zealand will be to increase greatly the opportunities of the Government for plunging into debt.

ROAD BOARDS.

MOUNT HOTT.

The usual monthly meetsng of the Board was held on Thursday, October 11, all the members pro3ent. It was decided that tenders should ba esUlfd for making a cutting into the North Ashburton on the Lyndhurst road, and for shingling about one and a half mile of the Railway road from Lypdhursc towards TTrrall ; also to accept Mr J, Dent's offer fo* 1 land for shingle pit m "Laurigton. The Auditor-General wrote forwarding th« audited balance-sheet for the year ending March 31, 1894. The Commissioner of Crown Lands wrote, asking for further information re specting proposed expenditure of thirds. The Clerk w.is instructed to give the in formation. Tenders for fencing on the Ohertsey road were not accepted, being considered too high. Ifc was decided that permission could not be given to Mr Chapman to put a padlock on the gate on the road at the bush. Accounts amounting to £117 Us lid were passed for payment. It was resolved that the Board adver tise its intention to levy a rate of one farthing m the £ , on all rateable property m the district for the current year, at its next meeting.

The annual meeting of ratepayers ad journed from May 10, was hold ab the Road Board office on October 11. About six'een were present. The audited balance sheet for the year ending March 31,1P94, was read, showing receipts, (including balance on March 31, 1893, of £344 9s 3d) to have been £1115 3d 4d. The total expenditure was £834 3* Bd, leaving a balance of £280 193 Ba. The principal expenditure* were on maintenance of roads, £6] 9 7s 9i ; de struction of small birds £51 2s ; printing, £13 6a 6d ; salaries and office, £123 6s 4d ; fencing material, gravel pits, etc., £27 Is Id. The clerk's report for the year was also read, and on the motion of Mr Cameron, seconded by Mr Aynsley, the report and balance ?heet were adopted. Mr Friedlander asked if the Board knew what money had been expended m the present year on the storm water question.—The Chairman stated that px j«eases at present paid were £28 17s 7d, principally for survey and plan. Mr Friedlander asked if the Beard knew to what extent the ratepayers might b« mado liable for legal expenses respecting storm water. —The Board was cot able to give the information. The meeting then closed.

DEATH SENTENCE

Melbourne, October 17- Jockey Cockroft, for the murder of his stepsister, has been sentenced to death.

BANKRUPT ESTATE.

Melbourne, October 16 The complete schedule filed m the bankrupt estate of William McLean shows that the liabilities amount to £200,000, and the assets to £21,000.

INCENDIARY FIENDS.

Bkisbank, October Jii There is evidently a gang of incen diaries at work m Kockbampton where recently a deliberate attempt was made to burn the business portion of the town. Last night several mysteri ous fires wore reported, but were all extinguished without serjo, us damage,

tfifi AfcJflßtJßtOH GtJAEmAffi THtffiSDA*, OCTOBEB 18, 1804.

Printed and published by the Ashburton Publishing Company, Ltd, at theif etewr '^intini? office, Burnett Street Ashburton THURSDAY* October 18, 1894,



Grand Bhow OF NEW GOODS EX PAKEHA. JUST OPENED SUMMER NOVELTIES Mantles, Jackets, Capes, Blouses. THE NEW DAGMAR LINEN COSTUME CLOTH. BEAUTIFUL SELECTION OF NEW MILLINERY,jFLOWEjRS, RIBBONS, FEATHfIBS, ETC. A CHOICE DISPLAY OF Fashionable Novelties FOR SPRING AND SUMMER WEAR. The Latest m Cotton and Wool DreES Fabrics Choice Goods for Blouses. Sunshades and Umbrellas Crepons, Muslins, Delaines, Linens, Drills, etc. Lace insertions, Edgings, and Trimmings Handkerchiefs m Silk, Linen, Muslin and Cambric Ravishing Millinery, BEWITCHING BLOUSES. MANTLES, JACKETS, CLOAKS AND CAPES, CURTAINS, LIBERTY MUSLINS AND CARPETS, Oilcloths and Linoleums. MITCHELL I TURNER a brilliantldjsplat OP New Washing Fabrics. New Linen Effects, New Printed Nainsooks, New Mysore Zephyrs, New Pandora Cloths, * New Printed Pongees. New Prints, New Cambrics, New Drills. New Muslins, New Sateens, New Gakteas, Etc., Etc. G. L BEATH ft CO., TANGT.ED STKEET.



SHEARMAN BROS., GROCERS AND IRONMONGERS. Reductions. Reductions. For OASH_ONLT. 701 b Bags No. 1 Snowdrop ROLLITT'S Supreme Flour, Sugar 16s 251 b 2s, 5()lb 3s IOJd, 561 b Bags No. 1 Snowdrop 1001bs7s 6d, 2001bsl4s Sugar 12s 9d Neave's Food lid per tin Caustic Lye, for Soap making, Candles 5Jd per lb, 121bs for lOd per tin, 12 tins for 8s 6d 5s 3d Marmalade m glass jars 8d Corn Flour (Brown's) 3Jd lb, Choice Figs 6d per lb 121bs 3s 3d Bock Salt 5s 6d per cwt Kdmond's Baking Powder, large 251 b " Blue Bell" Oatmeal 2s 6d tins, lid tin, 12 tins 10s 6d per bag, 4 bags 9s lid Cream of Tartar (pure) Is 2d lb, Finest Sago, Tapioca, and Split 121bs for 12s 3d Teas If d lb, 71bs for Is Baking Soda 3d lb slbs for Is Sheep Tongues lOd per tin, 9s 31bs of our noted 2s Blended Tea 6d dozen for 5s Lemon Peel 8d lb, 71b tins 3s 6d Essence Coffee, large bottles, Is New Currants (cleaned) 3Jd lb Fine Salt 5s per cwt. Eleme Raisins (cleaned) 4Jd lb White Pepper Is 2d lb, 121bs Dunn and Hewitt's Cocoa 8d lb for 12s Sunlight Soap Is 2d box of six Safety Matches 4d per dozen, 6 Tablets dozen for Is 6d NONE BUT THE BEST BRANDS OF GOODS KEPT IN STOCK. Full Weights Guaranteed. Goods delivered Daily. Nimmo and Blair's reliable Vegetable and Flower Seeds always on hand Sole Agents for Tiger Teas and " Blue Bell ' Oatmeal. SHEARMAN BEOS., MARKET HOUSE-



Important Announcement, —: Retiring from Business. :— ROBEET MURRAY PRACTICAL WATCH AISD CLOCK MAKER, jQESIRES to announce to his Customers and the Public generally, that he has decided to RETIRE from BUSINESS, and m order to more easily dispose of his Business has resolved to REDUCE his large and Costly Stockfby SELLING>t a^great sacrifice. The WHOLE of the STOCK, comprising OVEK £3000 WORTH OF WATCHES, CLOCKS, JEWELLERY, PLATE, ETC. Will be offered AT PRICES NEVER BEFORE OFFERED to the Ashburton public, many of the lines being reduced as much as 40 and 50 per cent. £10 10s Watches, reduced to £8 8s £5 10s Watches, reduced to £3 15s Eight Day Clocks to Strike, from'lßa 6d Silver Watches from £1 5s | VorylStrcug SERVICEABLE WATCHES m SOLID NICKELSCasas, REDUCED From 21s to 15s. A veryparge and>ell-selected Stock of HIGH-CLA.SS DIAMOND, ENGAGE MEM', WEDDING and KEEPER RINGS, GOLD AND SILVEE JEWELLEEY OF ALL PRICES AT A TREMTEIirOOini REDUCTION OFF MARKED PRICES. SIERLING SILVER AND ELECTRO-PLATED WARE AT MANUFACTURERS' PRICES. Having a VERY HEAVY STOCK of Watch and Clock Repairing Materials 'at present ■ the PRICE of WATCH and CLOCK REPAIRS will be GREATLY REDUCED. Watches Cleaned ... ... 5s 6d Mainsprings ... ... ... 4s 6d Clocks Repaired and Cleaned from 2s ALL GOODS MARKED IN PLAIN FIGUEES. w. h. (miwT&co. Timber. Timber. Timber. -JUST LANDED- Ex Invercargill — 30,00011 RED PINE Ex Rosamond — 25,000 ftft FLOORING and LINING Ex Enterprise — 17,000 ft FLOORING and LINING From Little River — 29,000 ft TOTARA \ Dry Flooring and Matchlining Always m Stock. Ironmongery of Every Description, Paper Hangings of Artistic Designs. PAINTING BY COMPETENT WORKMEN, and none but GENUINE Materials used. W H COLLINS dfc CO f Royal Insurance Company I Grey Valley Coal Company. &GENIS F'JR I Springfield Pottery Company j Corben and Go's Celebrated Enamelled Mantelpiece j McKenzie s Furniture Renovator \_Black Ball Coai Company



JOHN WILSON, PAINTEE, GLAZIEK & PAPERHANGEB, Corner oi Arcade and Burnett Street, Ashburton NEW SEASON'S WALL PAPEES , Just Arrived BEST ASSORTMENT IN TOWN. ESTIMATE OF HOUSE DECORATIONS GIVEN FREE.







US?- LITTLE'S SHEEP DIP FLUID DIP, the best Non-poisonous Dip Used and Recommended by Owners of ovbr 5,000,000 Sheep m N.Z. alone, PRICE (m casks) Ss 6d per gallon. 1 Gallon Fluid makes 100 gallons Dip &C* ""^^^^iTTLE'S "/OWDER^PIP A POISONOUS BIP, combined with Glycerine—the outcome of many years' experience, Wonderfully Successful. Is displacing all other Poisonous Dips, Sales have TREBLED each year since introduced, EXTERMINATES VERMIN, KEEPS WOOL SOFT & BRIGHT, EASILY MIXED Cheapest and BEST POISONOUS DIP m the Market. wrkT^rr odtpit (In Improved Iron Kegs) 60s per cwt NOTE i^RICE.— J In Caaee of 10) lolb p acke t s ) §Qs per case One Cwt. Makes 1,000 gallons of Dip. Chief .A.gfent«— BLAOKBURNB & 00 , OhrUtohnrob. district AQBHTS-Miles and Co., Limited, Ashbrnrton and Rafcaia. 10 >id &v Anderson, j BOOT "WAREHOUSE, EAii T STREE T. O/">^ST*O DOATp O^/^'VO 800 ib- dOO «o. LiOO jb- ! r I iHE Largest and Best Assorted Stock m the District to Select from ALL BEST ENGLISH AND CONTINENTAL MAKES IN STOCK. Our COLONIAL GOODS are made at Our Own Factory, so that we are able to GUARANTEE SATISFACTION AND SELL AT I LOWEST POSSIBLE PRICtfS. Every Description of Boots aud Shoes made to order. Mcitcrial and Workmanship ■-. GUARANTEED. ; ! Be sure to Call and Inspect Goods before Buying elsewhere. S. ANDRRSON>' i BOOT MANUFACTURER AND IMPORTER, i J. NICHOLAS, Manager, East street. Repairs Done Same Day as Brought ». B. RESTELL, I COMMISSION AGENT, ARCADE, j AGENT FOR WALTER A, WOOD, BINDER, ___ -«■■*•-»-m-^.-w ■««• Colonial Mutual Life Assurance Society A. LAWBII, I!i.__^!i_____ Landells and Preston, Burnett Street, Ashuukto:x, Agents for the AUSTRAL OYOLE AGENCY, n 4 TTiuT\TnT»m TiTTTT t\t\t/-( c\ c Largest Cycle Importers m the SAUNDEES' BUILDINGS, Southern Hemisphere, incor porated with the John' Griffiths Cycle Cokporation. THE AUSTRAL CYCLE AGENCY ABE THE I SOLE AUSTRALIAN AGENTS FOR : Messrs Humber and Co., Ltd., Beeston, to aem Q<trn tn7rn Coventry, Wolverhampton j The Premier LAbl biK&M Oycle CO) Ltd> Ooventr y. The Rftleigh j Cycle Co, (exclusive of Victoria), Notting j ham; The St George's Engineering Co (exclusive of NSW and S A), New Rapid, Birmingham ; The Referee Cycle Co, Ltd, London; William Bown, Ltd, Aeolus Bearings, Birmingham; The Cycle Com ponents Mannfaeturing Co ; Messrs Thomas Opposite Railway Station^ Warwick and Sons, Warwick Rims, Birmingham; The Westwood W rheel Co, Westwood Rims, Birmingham ; Messrs R F J Hall Manufacturing Co, Birmingham; j Messrs Harrison Carter, Carter's Gear Case, 'Birmingham; Messrs Thomas Smith and Sons, Saltley, Birmingham; Messrs W and A Bates, Rubber Manufacturers, Leicester ; The Auto Machinery Co, Coventry. A!4H^i^TR^ InN■ Holding such Agencies as the above, we iii3Xij3ux\ J .ux'N. are m a position to cater for the Cycling community, as no other firm m Canter bury can. Wakanui Mill, | RE-OPENING, PIANOFORTE edwin thomas AMERICAN ORGAN, B KGStoar-IMU"cetohisf™ndaaadthe 7 public that ho has RE OPENED his THEORY OP MUSIC AND HARMONY. Wakasui Mii,l. The superb roller .. , n _. plant has been completely overhauled by MrS W' UOWIVdn tOX, the expert from Manchester where It was Pupil of London Masters, made ' nd SftVeral new machines added, With Certificates from Trinity College, h0 timt flour Becond to none m the colony London, can now be produced. W ILL Con™ence Teaching the above Mk James Cookbubn has the manage- VY at the bcnooL ov Music, and at menfc o£ tl Mm , a perfect her residence, Tkkvoeton, Ashburton, , on October 16, and will be pleased to SuarHlltee for the excellence of the make arrangements with intending pupils produce is secured. as soon as possible. Grists left at Mv J. Thomas' store MRS FOX will teach on Two Evenings (opposite Mr Harrison's), will be carted tt™"' 10 °f tho6° ? re° 1 °h °'*°- -* *° will be Pagils prepared for Trinity College iom M 'he loweßt Bata- Examinationa. —— Terms: Two Guineas per quarter, to FdwJft ThnwitiQ commence from any date. i-urvui f IIUIIIUO) Highest testimonials from former PROPRIETOR pupil* 10 18 ' XB3







THE PREMIER TEA OF THE WORLD. Eicheatand loveliest flavotu*. More economical than any other kind. Eecoramended by the Medical Faculty. All Injurious Ingredients removed. Promotes digestion—-strcngthena the con stitution. It's numerous competitors are falling away like magic. A BLESSING TO MANKIND. Prices, 2s 6d and 2s po Ask yoar Grocer for it, HENRY ZANBE'R Wholesale Ageipb



Stud Notices. ?j>HE STANDARD-BRED AMERICAN I TROTTING STALLION, Will be m Ashburton every Saturday, travelling via Willowby on Fri.lays, and return home via Wheatstone, Fioming ton, and Waterton every Monday. ; K-'iK F<: o (iiii.-w^. Sitv;.;- . i.-.v. 5- t !'oth p»yatile on ti s ervio-. ! Murtss grazed free at Longbeach up to January 1, 1895. Every care taken but no responsibility. 9 208 J C N GRIGG. mo STAND THIS SEASON AT HINDS, and travel surrounding districts, HE THOROUGHBRED ENTIRE git. ive§. By Gorton, dam Legerdemain. For fees and further particulars apply j THOS. HOLMES, 9-171 Hinds !fTO TRAVEL THIS SEASON, the JL THOROUGHBRED STALLION YOUNG CHEVIOT In the Wakanui, Ashburfon, Seafield and Methven districts. For particulars apply 9 192 C. BENNETT, Wakanui. THE CARRIAGE STALLION Toronto tbree years, by Texas, dam Twilight, by Traducer, (imp.), will serve a limited num ber of mares at his owner's place, visiting Ashburton once a week. W. BEGC, 9 180 Aahton. STUD HORSES. NOTICE TO HORSE BREEDERS. TVI R J. R. BEGG'S Carriage Stallion floomeraifg Will travel th 6 same Districts as last year 9 146 Blackwood Abdallah WILL Stand this Season at Owner's Stable, Ashburton. TERMS,—£4 4s for Season, Good paddocking at Is 6d per week ; all care taken but no responsibility. Groomase fee, si. 9 212 " MAX FRIEDLANDER, T 1 O STAND THE SEASON at my Farm, Lismore, The Well-known Stallion Ar^ryle. By the king of stallions. Young Banker (imp), dam Blossom by Lincolnshire Hero. Teems : 255, payable at first ser vice. For further particulars, apply to 10 42 L. FROST, Lismore. Hsicoiirssre $*ensil9ie Xioejftl Industry. ! ( N order to keep oar large staff of I ■*■ tailors fullj employed during the winter, we are now offering EXTRA ORDINARY INDUCEMENTS to our Customers Compare our New Patterns m New Zealand Tweeds — Good, Heavy and Durable for winter wear MEN'S SUITS to MEASURE FROM £2 15s to £3 10s. TROUSERS to Measure from 15s to 21s Men's Waterproof Tweed Overcoacs made to measure. Every Coat guaranteed thoroughly Waterproof Ladies' Waterproof Mantles made to Measure* iv Lhe Latent styles BOOTS and SHOES m all best makes. J3?* Every pair warranted to wear well. New Winter Shirts, Hate, Ties, and Men's Underclothing, etc, Good and Cheap. -—— CRAIGHEAD & BEERYMAN, THE LE .DING TAILORS AND OUT FITTERS, ASHBURTON Veaile Flower. SINGING. mflE THIRD TERM will commence X September 11. Miss Flower will be pleased to receive intending Pupils as early as possible at her residence, Cox Street. 9 58 ALLANDALE COAL COMPANY Limited. Saving- of 'Si per rent, on lour Coal «sll. JIWB APPOINTED JAMWS JtUJL.JL.XOTT, COAL MERCHANT, WEST STREET, Agent for the County. ALLANDaL!.' 1; is the best native coal produced on the Eastern Seaboard. It r an excellent Steam Coal, unrivalled for Bakers, splendid Domestic Coalj does not sparklo and burns with a flame, Note the Address— JAMES ELLIOTT, WEST STREET, Opposite D. THOMAS. Newcastle Coal, Westport Coal, Fire wood, Stakes, Posts, etc. m stock.