, 1875-09-22

q modest position among more favoured
competitorsi Will it go gradually down
in the unequal struggle, and if so, is
Denmark 10 any way to be blamed tor
it9 Or have the c%olonists blindly refused
the helping hand we proffered them? Are
they unworthy of such assistance as we
can afford them, or are there in the islands
the elements of prosperity. if we only
help them to develop them9 Whatever
may have been the, reply to the
question d qui Ia faute, the last
seems to have been answered IN
the affirmative, at least if the Bill
be passed to which we have now
made frequent a%llusion, and which,
as every one knows, says in sub
stance: "Various causes over which
the people out there have no control have
led to their producing less than formerly
of the only product suited to the local
circumstances, and that too OF an interior
quality than ought to be. This can be
helped, and we will do it in the most
rational way, by assisting them in apply
ing a principle which has succeeded we'll
in other places, that of cooperation. 1t
a company be formed for the purpose of
improving the manufacture of their staple
and assisting their agriculture, we WI
lend them one-half of the capital required
for that purpose $3.50 OO0) on certain con-
ditions, the principal of which is that they
shall help themselves as far as they can,
and we think they can do that in the
same way as our people here at home
have done under similar circumstances.
They shall 70 that effect establish a Credit
Association, after the manner of our insti-
buttons of the same kind, and so many
shall join in it that it can be seen that 1t
10 q pretty general thing. That assocla-
tion we will favour in every possible way:
We will buy their bonds at par up to
nearly three-fourths of the whole amount,
thereby securing them a good position in
bonds they shall buy shares in the great
local enterprise, thereby becoming share
holders to an amount OF one-tourth OF the
whole undertaking, to the carrying out
Of which we lend them one-half of the
amount required at 60Io. If, then, as We
hope aud believe will be the case under
good management, the enterprise should
pay as in other places, say 2OOIo the
revenue from the whole capital in
vested would be $500. 900, of which we
from our State Treasury loan will only
take $45, 900, SO that there will be
1855, 900 to be divided among sharehold-
ers of whom one-half will be local. If
our assumption he right, there would be
upward of 1925, 900 for the local share
holder, who would also, as agrlculturist,
be cane deliverer, and as such receive,
say, the value of 81 lbs. muscovado sugar
for every 100 lbs. canes he grows, and a
share up to the BALI in the profits with the
shareholders, of whom he would himself
be one. If the good people out there can
not get along under such conditions, we
must wash our hands."
We have thus ventured to summarize
this matteg according to the notions we
have formed of it, not, certainly, for the
purpose of persuading any one to do
either one thing or the other, nor even to
satisfy that editorial vanity which some
natures find in penning a long article, but
rather to rid our editorial conscience of
the fear that there might still be found
one or another who has not yet seen this
matter in its true light.
On Monday the Colonial Council held
Ito 3rd ordinary Meeting, which had been
postponed from the 9th inst.
The hO1ae heinz acantilv attended. the