The Colonys Finances and Public Works Policy
The Otago Daily argues for cautious financial policy for the colony. It endorses Mr Seddons borrowing plan as prudent, warns against extremes of extravagance or parsimony, and says maintaining sound finances should prevail despite public works interests. It also notes railway funding shares may affect future votes and Treasury pressures.
MENTIONED IN THIS ARTICLE
Otago
Tinea Saya
Lte
Seddon
Crage
Railway in Mid Air Aims to Span Sierra Peaks in Hour
The article describes a proposed California gondola route linking four Sierra peaks to Mount Wilson. A 24 inch steel cable will carry electric cars over sagging spans, with climbs and descents between peaks. Each leap spans up to a mile and the total journey is planned in about one hour and fifteen minutes.
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