Hard Times in Napier.

Gisborne Standard and Cook County Gazette, Volume III, Issue 358, 1 October 1889, Page 3

Hard Times in Napier.

The Napier Telegraph is inclined to be lachrymose, as the following extract will show :—“ Did youerer know anything like it before!” ie the usual greeting nowadays when two friends meet qnd) glance' along the comparatively etnpty streets. Nobody knows what has become of the money. Nobody has got anything to spend, There is no business doing, and trade is as dull as the proverbial ditch water. It has been hinted that people are saving up for the approaching carnival week —hoarding up, so to speak, to have a big " splurge” in tbe totalisator. Let us rather hope so than believe' that there is actually no money fn the place. If the totalisator''Will'loosen purse strings and distribute amongst the many the hidden treasures in the hands of the few, we shall have a better opinion of that gambling machine than we hold at present. But, seriously speaking, speculation is dead, and people who, apparently, are no worse off to-day than they were formerly, aver they have nd money to spend. It is not any oho branch of trade-in which dulriess reigns supreme ;it is in all alike, Though we speak of the dispersal of the depression, in the darkness of the heaviest cloud tbe times were no worse than now. We believe it is only temporal y ; the increased values of produce must tell sooner of later; Work in the country will soon be in full swing, and the revival of the flax industry cannot fail to have a good effect. However, it is ho use deepening the commercial gloom by melancholy musings; the wiser . course is to retain the fullest confidence in the greatness and prosperity of the future,