, 1874-11-28

her fOrFrederiksted' Country O1stTlcC lLatIWeIl
where merchants have invested capltal ana
qained.n but he also knew of too many VINO
after sinking capital have Withdrawn: When
proposing this Draft, he therefore old not ex'
pect or suppose that the Colonial treasury
guarantee would be able 10 secure Inc
Teouisite capital. The great disadvantage
az nrasont ia that there is not sufficient con-
fdence abroad in st. Croix, and that we
can not at present with a bold face apply
to any one to invest capital here in properties.
This we shouldnot seek to hide or cloak from
ourselves, but be alive to it. lie was strong
" afraid, that it would not be possible TO
get along in this matter without the guarantee
Of the Statetreasury, which will be the chieI
and the real guarantee; to obtain 'nlS 'h0
Government had to propose the measure
hare in the form it has, as the Home Govern
ment certainly would not submit to the Dlet
a pronosal for the Statetreasury's guaran-
tee unless an Ordinance had first been
nassed bv the Colonial Council here.
finder this provision it will rest entire
" with the Home Government and the
Diet TO decide whether the guarantee shall
be 6 or 4 or. Ct, which latter IS the
rate at home as also to decide whether tne
guarantee shall be for 20 years or only Tor
10. But when proposing 8 pr VI anu ~
wears, he had done so in order to anord the
Home Authorities a proper margin' WIN
them the decision will rest II 1t IS necessary
to 20 so far. And they are not unPraClceu
or unskilled in matters Of the KIND. Almost
every year questions OF the KIND atlSe' anu
the Government have to see that hoIh'n9
moro is given than what Is necessary In
reference to the remarks from ora Me!nOot
for Frederiksted's Country District (Lattmer)
--l IL - IL oc6 II II ID NOT Inc QUIV
of every man, as long as he lives, TO 40
whatever he can to prepare himself for the
bad wears that will and must come ANA
is it not the best way in which we here can
do it, by improving our manufacture ana
increasing the returns thereof, whereby eacn
individual will be bettcring his own conaltloh
and rendering the whole community oett9r
able to defray the burthens on IT, ne
hoped the Council will understand that
these remarks proceed from his earnest
conviction that the present system OF manu-
facture of our produce can not posSlDiy
continue longer; and he also entertained inns
hope, that the Council and the Community
will not let any chance OF an Improvement
slip out Of their hands; ) and When SPeahin8
warmly in favour of the matter, he uo 30
because he desired to have the cohVlc''on
that he had done what he could TO Pr1mo.9
the matter, so thaC the IGsPon0'0A'J
not rest on the Government, ltine plan snoul0
not succeed.
The Chairman remarked to the Bid mem
Der for Christiansted's Country District
(Couztey) that no amendment about a guarantee
for 10 years was before the Council "A
guarantee that only lasted 10 years would
in his opinion not be sufficient. He impressed
strongly on the Council, that the real guar
antee, that in which confidence will be placed,
will be the Statetreasury's. The Colonial
Treasury's guarantee would not give sufficient
encouragement to Shareholders; but it should
be given, at least in order to prove to the
Home Government that the Colony Will DO
all it possibly can for the establishment OF
Central Factories.
1t Member for Frederiksted (Lemml@g)
would repeat what he had stated last meeting,
that to him it appeared that there is nothing
else for us to do in this matter, than to vote
for the guarantee as proposed. What had
been stated to-day by His Excellency was
more convincing. His Excellency had now
as we'll as before clearly shown that Cen
trail Factories are the only salvation OF the
Island; that we can not get them without
the guarantee; hence the guarantee must
be given. Therefore we should be thankful
if the Statetreasury will become self debtor and
security for us, and gladly accept the proposal
in the Draft, And the would beg the hon
curoblo Moubor. 20 coneidar we'll over the mat