The Stourbridge Observer, Cradley Heath, Halesowen & District Chronicle.
Stourbridge, West Midlands, England, 1876-03-25 00:00:00

THE r, STOVRBBIDGE OBSERVER.

Lib

fell, he and his devoted vrife disappeared from the eyes
of the survivors closed in a last embrace. In the su-
preme struggle which ensued amongst the crew to gain
the land, only two succeeded. By dint of buperhuman
efforts, they reached the shore in a miserable plight.
One of -them had the greatest difficulty in obtaining
shelter. With his clothes in rags and speaking a foreign
language, the farmers took him for an escaped convict,
but at length allowed him to rest in an outhouse of one
of their farms. Such were the hardships that he en-
dured that it is doubtful whether he will survive. The
bodies of the captain and his wife and the rest of the
crew have been washed ashore. The Frederick was
not, as was at first supposed a Norwegian barque, but
belonged to the port of Hamburg.

primarily responsible. But it is impossible not to see
from trade returns for Canada that there has been a
large Importation for some years past. In 1871 the
importations were 87,000,000 dole. ; in 1872 they were
107,000,000, dole.; in 1873 they were 127,000,000 dole.
Banks cannot be said to have been guiltless in the
matter. The bank discounts stood in July, 1870,
at from 40,000,000 dole. to 50,000,000 dole. In 1871
they had gone up to 79,000,000 dole.; in 1872 to
102,000,000 dole; in 1873 to 116,000,000 dole.; and in
1874 to 130,000,000 dole. Over-importing being ana-
1-taint% and encouraged by banking facilities, the home
manufacturers have been injured by the accumulated
stocks in the hands of the merchants. People often,
without experience, have rushed into speculation in
lumbering and other hazardous enterprises. The
Estimates for 1876-7 show a net saving of 2,470,768d015.
The sources of revenue for the ensuing year are, with-
out any change in the rates of taxation, calculated as
producing altogether 23,250,000 dohs, or about 500,000
dols, above the estimated expenditure. Regard-
ing the present state of affairs as exceptional,
the Finance Minister proposes to meet the
demands of the year with the resources already at
command. Sensible, on the one hand, of the partial
inconvenience caused to the Canadian manufacturers
by the flooding of their markets with American goods,
Mr. Cartwright, on the other hand, delines to tax
nineteen-twentieths of the people for the benefit of
one-twentieth dependent on manufactures. He comes
ultimately to the conclusion that even if it could be
shown that a protective system would result favour-
ably to Canada, this is no time for experiment at legis-
lation. Revenue must be had, and to put on high
duties would destroy revenue.

nerve, a cool head, and a keen eye. That he has had
ample opportunities of showing that he possesses those
qualities, that he has escaped the dangers of the field,
and other perils which past experience has shown us
that persons in high positions may encounter at the
hands of misguided fanatics, is of course a matter of
hearty congratulation to us; while the reception he has
every where met with on his travels speaks well for the
continued connection of the empire of India—if such
it is to be—with the United Kingdom."