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Gisborne Standard and Cook County Gazette, Volume II, Issue 300, 18 May 1889, Page 2

Tas last report in connection with the Bank of New Zealand has done much to give assurance that the commercial crisis is past, and that the light is now dawning on a greatly improved state of things. The severe depression has been an unpleasant but wholesome education. Many of those colonial firms that have struggled hard for years past have had to succumb to circumstances, and a great many equally uncongenial reminders of the prevailing state of things have been brought under public notice, but it is far better thus than as it was in the past. The words of the Chairman of Directors are, coming from such a source, the most hopeful we have read for a long time. He says:— “Reviewing these considerations (alluded to in the report) you will doubtless agree that I am justified in taking a confident view of the future. I do not look for a 1 boom.’ We do not want • booms,’ but a steady growth in national prosperity in which we, as a bank, as well as individually, must share." That is what we want, a freedom from the rash speculative mania and the hankering after “ booms," a “ steady growth in national prosperity." The Wellington Press says : “ The worst is, we heartily trust, now over, but not the whole. We ore not at an end. Wo shall need two or three years more of economy, of perseverance in thrift and plentiful production and unfailing industry before we can realise the pleasure of complete ease and freedom. We hope that no Government and no Parliament will venture to invite the Colony to plunge again into the whirlpool of public works, and that no Ministry will be wicked enough to offer such a bribe to the constituencies. We hope that if any such pro. toss’s are suggested to the country there will ie remembered what the colony has gone through." On every side there are hopes of a steady revival, and it the people will only be true to themselves, take a lesson by the experience of the past, and not regard the improved prospects as a signal tor another I mad freak, there arc cheerful times in state for us.