, 1875-12-29

the Statetreasury's money, as 1t is not sQrs that
it will produces any real, general good to the
Island ;-aud finally Wa may bs left alone ia
our trouble-But, again, allowing even that
the Draft be passed by the Diet, there will
still be the question to sGlve, where the re-
naming portion of the money is to be obtained.
The Statetreasury would advanos the half of
the required sum, 1925, 000, on con 1ition that
the other half eau b. raised in sons other way.
In that respect be is fully convinced that Mr..
Tietgen will do all in his power to carry out
the promise he has given US for the last two
years to assist in tha undertaking but it could
not be very encouraging to Mr.. Tietgen to
know that no money support caa be expected
from the Island, and especially not under the
present depressed state of the money market.
II, now, the question were to be put to him,
the Governor, whether he had given up the
whole idea as being impossible to realize, he
would reply that be would never give up hopes (;
as long as there is life, Wa are entitled TO en-.
terrain hopes; but he must confess he had no
great faith in the matter just now. What could
restore faith in The after would be, to see the
Island make every exertion to support the
project. Nothing would BIZ more suited to
restore faith and energy on the part of those
who are to help US, than to see that the in
habitants consider thu contemplated reform as
a real benefit that may bring US not only out
of the present difficulties, but also secure us a
future as bright as any of the best by-g0ne
days OF the Lsland.-Tnere is enc more essen
tial pint to which he would call attention.
As the Diet was not summoned before Novem-
Der, the Draft could not possibly be passed this
year of course he could not say when it would
be passed or whether it will be so at all at
all events some months must elapso, and this, as
we'll as the other difficulties, will make it i'm
possible to form the company by May 1876,
Therefore the signatures for cane delivery,
whiof were given on this pr0Vis0, would have
to be renewed aud the term to be extended
to the end of 1876. In now concluding these
remarks, he would ask honorable Members il
there is anything they should like to have re.
peated or further explained, and he would be
ready to reply.
Tue Chairman vacated his seat to the Woe
Chairman (Sarauw).
End Member for Christiansted's Country Dis
triot (Rosenstamd) was sure. however thankful
the Council is TO His Exoelieuoy for his Dom
munioation to the Council on this all,important
matter, still all regret to learn that His Excel.
Iancy no longer has any great faith in the mat,
ter. We have all admired the u~ntiring perse.
veranoe which His Excellenoy has shewn on
all the different stages of the matter, and when
now His Exoellenoy for the first time declares
that his faith is shaken, it must, certainly, be
something serious. 1t was plain that it was
not a momentary dependency that had led
him to say so, for be had given such a desorip.
ton of the circumstances and the turn OF
affairs, that the loss of faith was but q natural
consequences. He had first pointed out the
state of the money markets tbs is a point VI
here are unable to control; we can only hope that
they will soon become better. His Excellenoy
then told us of the Home Government having
introduced in the Diet q Draft of Law more
favourable for US than the last, but at the same
time he called attention to the impression it
would maxi on the Home Government and the
Diet as we'll as the money men in Copenhagen,
if no subscription towards the undertaking were
to come from the Island itself. His Excellen-
oy also expressly said be had now come to
consider the idea of a Credit Association as
o7erthrown; this was also a late conclusion
His Exoellency had arrived at, and it is plain
to see how also this conviction should c0ntri-
butte its share in weakening his faith ia the
success of the Central Factory scheme. But
the point which His Excellency had dwelt on,
namely the supposed want Of sympathy on the
part of the colony itself in the undertaking, he,
the speaker would also dwell a. little on. He
thought there was no lack Of sympathy in the
matter the colony as a whole takes a warm
interest in the undertaking, and it is the pre-
vailing belief here that Central Factories will
do good. It must not be overlooked that the
plan of Central Factories is q new one here, Ia
fact all over the West Indies; it is a new and