We regret to learn that it seems probable the insolvency era of 1871-2, in the annals of Oamaru town and district, is to be re peated, although fortunately on a much smaller scale. There have been within the past few weeks one failure, and three or four seizures since under powers of bills of sale, &c. The experience of former years should have exposed the folly and mischief which ever follows in the train of a " middlemen" system of finance, by which farmers and traders are induced to engage in operations on a fictitious and capricious basis. When a failure of any extent occurs, it invariably brings others, into difficulties, out of which there is no escape but the Bankruptcy Court. It were well that mercantile and financial firms there should seriously ponder on the subiect.
OfAGO WITNESS.
A.UGUST H, 1871

Passing Notes.
