PUBUBHED TM-WBKKI.T. WEDNESDAY, NOVEMBER X0,18&6.

Inangahua Times, Volume XI, Issue 1781, 10 November 1886, Page 2

PUBUBHED TM-WBKKI.T. WEDNESDAY, NOVEMBER X0, 18&6.

Amongst other local matter crowded oat of our last issue was a report of' the leeore delivered in the Oddfellows Hall on Friday evening by Mr H.; Olapcott, on the subject of Government life insurance. There was a very fair attendance, and would no doubt have been still larger but fur the extraordinary activity and excitement prevailing in the share market. Mr G. W. Sampson was voted to the chair, and suitably introduced the lecturer to the audience. Mr Olapcott, after a few introductory NSMtks, gave a number of readings from the best known and most popular English authors, in a very masterly manner, and into the spirit of which the audience entered heartily. Mr Olapcott is undoubtedly a very finished elocutionist, and the different items were warmly applauded. In speaking upon the subject of insurance, he said, and we think, very properly, that it was no part of his business to attack rival insurance companies. But owing to its extremely low death rate, New Zealand was probably the best canvassed country in the world in the interest of insurance. While therefore private companies were pushing their business so actively in our midst it was necessary that the special features of the Government scheme should be kept before the public. He dwelt at some length upon the importance of the State guarantee of the Government system. It was an essentially Colonial institution. Its surplus funds were invested within the Colony, and its profits were distributed amongst colonists only. These considerations, h« urged, appealed alike to their self-interest and patriotism, and ought to carry weight with every true colonist The rates of the Government Insurance Department were as low as the lowest ofthe competing offices, and terms as liberal. Policies could be effected with the Department almost any day in the week, in every town in New Zealand, and there was thus no possible reason for the colonists sending their money out of the Colony, These facts were perhaps not sufficiently considered by many, and he trusted that his remarks would bear fruit in the future. The lecture was an able one, and warmly applauded. Votes of thanks having been pawed both to the leoturer and the Chairman the proceedings closed.

The following letter has been received by Mr W. Hmdmanh, manager of the Globe Company : - "Dunedin, 2nd November, 1886. Dear Sir —I thank you for the copy of the Ihamahua Traaa of the 25th instant sent me, in which is published a letter purporting to be written from Dunedin headed "Globe Company," and signed "a shareholder." The writer is wrong in saying that the meeting was "aholeandoornejr" and "a bogus one." The meeting was duly advertised in the daily papers and all "shareholders" were specially requested to attend. The writer is further wrong in saying that "only" five gentlemen were present. Where was Mr Hart, who seconded one resolution t Before being voted to take the chair, I mentioned to the meeting that I was authorised to represent Mr G. G. RusseM and Mr J. M.Ritchie, both large shareholders, so that the meeting* really represented seven eighths of all shares held here. I believe I know all the holders of Globe shares in Dunedin, and I feel confident that the writer signing himself M a shareholder" is a fraud. After having herein contradioted all "a shareholder's "wftaiementa, I think the public will how the same opinion of him as myself, unless he reveals his name— which any shareholder hoMing shares htmttlg need not be afraid to do.— Yours faithfully, D. M. Spsddwg. Will you kindly h>nd this to the Ihavoahua Tdom for publication."

The excitement in Reefton on Monday lust in the sharemarket was quite past all previous experience here, and on a small scale reminded one of the palmy days of the " Corner," at ßallarat. It seemed as though people had only begun to realise the true importance of the news which came to hand on Saturday evening from the Globe mine, and the demand for the shares was suoh that before the afternoon they had mounted to £1 6s. An immediate run then set in upon the Progress, as

the next best thing ofletir?, and this was sustained at fever heat throughout the remainder of the day, prices then being firm at 6». Both properties are regarded as yet destined for a further important rise, and confidence in the Globe being nnw established, its position amy be regard«d as assured.

Mr Heard announces that h? will be leaving Reefton about tho end of the present week, bo that thus* requiring pianos tuned or repaired should interview him at iwiae

Ywtt>rd*y, Prince of W»lt» Birthday,

was pretty generally observed as a holiday in town, and the business places being closed, gace a very quiet aspect to the streets There was no business of any kind attempted in the sharemarket, and everybody seemed glad of the short respite after the excitement of the previous day Whether from an excess of loyalty or festivity the Press Agent left us without our usual telegrams last night, a circumstance the more annoying as the New Zealand Cup was run yesterday. The programme of the entertainment to be held in the Oddfellows' Hall, on Tuesday evening next, in connection with the United Methodist Free. Church, has been prepared, and will appear in our next issue. It will comprise a variety of literary and musical items of more than ordinary merit, and cannot fail to draw a crowded attendance.

The Progress Company having been successfully floated, a preliminary meet ing of shareholders was held on Monday evening, when it v. as decided to register the company forthwith, and Mr Brennan was appointed manager.

Mr M'Greggor, Inspector of Hospitals, paid an official visit of inspection to the local institution the other day. He went through the hospital from end to end, interrogated the patients, examined the provisions, and in fact inquired into everything down to the smallest detail, and at conclusion sent for Str Presbaw, and complimented him and Mrs Preahaw in the highest terms upon the »plendid order in which he found everything under their charge. He found the management and supervision perfect, whilst the general arrangement of the institution was a pattern of what an efficient hospital should be. The dispensary attached to the institution was not surpassed in the Colony for completeness and convenience. The compliment paid to Mr s\nd Mrs Prnshaw was no doubt well deserved, and of which the Committee and the community may be proud.

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