History of Australia and New Zealand from 1606 to 1890Sutherland, Alexander
History
History of Australia and New Zealand from 1606 to 1890
Sutherland, Alexander
Australia -- History; New Zealand -- History
In order to give employment to those of the settlers who were really
destitute, Governor Gawler commenced a series of Government works. He
constructed a good road between Adelaide and its port. He formed
wharves, and reclaimed the unwholesome swamp; he built a Custom House,
with warehouses and many other costly buildings, the Government House
alone costing L20,000. Now, these were all in themselves very desirable
things; but it was difficult to see how they were to be paid for.
Colonel Gawler spent nearly the whole of his own private fortune in
paying the wages of the unfortunate persons he employed, but that could
not long support so great a concourse of people. He persuaded merchants
in England to send out provisions and clothing for the famished people;
but the only means he had of paying for these goods was by drafts on the
British Treasury, which were accepted at first as equivalent to money,
for it was believed that, whenever they were presented in London,
payment would immediately be made by the British Government. But this
was a serious mistake: though the first series of drafts were paid
readily enough, yet when the authorities in England found that others,
for larger and larger amounts, continued to pour in, they refused to
pay, and reminded the colony that, by the terms of its charter, it was
to be entirely self-supporting. A series of drafts, to the amount of
L69,000, were therefore dishonoured; and the merchants, finding the
drafts to be worth no more than so much paper, demanded their money from
the Governor; but he had nothing with which to pay, and the colony had
to be declared insolvent, having debts to the amount of about L400,000
which it could not meet.
#7. The Collapse.#--Matters were now in a very gloomy condition. Most of
the colonists became anxious to return to England, and therefore sought
to sell their land. But when nearly all wished to sell, and scarcely any
wished to buy, the price went down to a trifle, and men who had invested
fortunes in town allotments, realised no more than enough to pay their
passage home. In the meantime the English merchants declined to send
out any further supplies, and those who had not the means of leaving
Adelaide seemed in great danger of starving. But as land could now be
bought very cheaply, many industrious people of the poorer class settled
down to clear the country for farming. This was what should have been
done at the very beginning; for no colony can be prosperous, or look for
anything but bankruptcy, until it commences to produce grain, or wool,
or minerals, or some other commodity with which it can purchase from
other lands the goods which they produce. The lands of South Australia
are admirably adapted for the growth of wheat; and, after a time,
success attended the efforts of the farmers, who thus laid the
foundations of future prosperity.
Public-domain text, read in full here on John Shaqi.
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