The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1860-05-31
THE PACIFIC
Commercial Advertiser.
THURSDAY. NAY 81.
The Mini-ter Of Finance aud the BgdzeI.

We adopt for our motto to-day the expression
uttered by the Minister oF Finance from nj
place in the legislature, and beg our readers .
T=memb=r that this sentence was spoken in IL
English language in q Hawaiian Assembly. whe-
but Two u three Of the Legislator understood n.
@~ntiment; that It was intended By the SPEAKER
a. a reply u the respectful remonstrancs and ad
vice Of hard-working and enterp-ising men. who's
interests were identified with the country WI,
fully recognized the idea that the government
must De maintained, but yentured 10 raise then
voice, for the common veal.
This was the reply made 70 men who were
taxing the risk of business, who were and are the
owners Of no incOnsiderable portion Of the real
estate Of the country, and who had embarked the
earnings Of previous years, in it= agricultural and
commercial enterprises men who were willing 70
IabOr-EOt two OF three hours in the day. but
from early morning till late az night, and if need
Be, the larger portion Of the night. for their
own commercial credit, the welfare Of themselves
and families, and, By consequence, the welfare Of
the community men who have heretofore been
able 70 keep their own and their family expenses
within their incomes. and, having been successful
in managing their own affairs, were emitted 70
speak with some confidence Of the affairs Of the
public.
And did he who spoke the sentence. have any
stake IN the community? did he have any pro-
perty-real OF personal, The value Of which was
u b Influenced by the public prosperity? If We
remember correctly, he had but recently held
Office in this country under the United States
Government, and had taken letters-denizen here,
not taking the oath Of a subject. in order
that he might hold the bonds OF union with this
country a. light o. possible. influenced % remain
here, because that Il, 900 per year was much
beyond what he could hope for IN the State Of IL
linOis- Had he 50 managed bis own affairs, az %
make u certain that he had no need Of advice a.
% how he should manage the affairs Of the king
dom? At the time alluded %, careful men fore
told q time Of depressiOn-did the prophets speak
truly? and Is the worst now past? Or do we
look forward with distrust to the future? ut this
juncture, after a year, in which each one Of u
has felt himself compelled 20 curtail expenses, and
in presence Of q year which is looked forward 10
with anxiety, this Minister who has placed new
taxes upon u, and promises 70 impose still more,
indicates By his budget that the taxes have not
been laid 10 meet the necessities Of the public ser
vice. which il the common good, but merely that
he, his friends and employees, and the employees
Of his friends, may increase their personal incomes
whilst ours Is being every month diminished.
Unfortunately the course Of the honorable
Secretary Of the Exchequer, has thus far been
viewed by the nation only with disappointment
and ~chagrin, eacl act adding % the disappoint-
Inent caused by its precursor. Elevated 10 honor
and power, under the prestige Of a comparatively
harmless, and perhaps even satisfactory admins
tratiOn Of an Office under the American Govern
mont vrhich r1CuiraT tr,I. ,Y.v. tia, a. ell
knowledge Of passing events % enable Ius Incum-
bent % properly I'll It's duties, he entered on his
trust with the fullest confidence Of the people.
that that trust would be honOrabIy and Justly
administered 70 the benefit Of all. In thai hope
the public has met only with disappointment.
We have received from the Minister Of Finance
copy Of his d" BienH.aI Report to the Legisla-
Of 1850, " which we publish on our first page.
The report opens with a statement of the re-
ceipts and expenditures for the past two years.
The items can be learned by reference to the re-
port and 10 the table \ on our first page, in
to save space, We have united the tables Of
expenditures for the past flro years, and the ex-
pected receipts for the heo coming years, putting
ne amounts in separate columns. The totals for
receipts, are as follows
2eeeipts If the Treasury for the tuo year, ending
BaTeh 20. 1850
st-BaIanee on hand from former term, ...... $40 %
I'd miscellaneous receipts. 5s5.5lS IS
Id-AmOun borrowed. 7O.350 %
Teal receipts FOR two year,............. s55s,2I5 81
From this it appears that the legitimate rereaue
f the kingdom for the two years 1858 and 1859,
vas only $5S5,S65 - OF 1922, 932 So per an
Jun
The expenses Of the government, during the
period, have been SG43 ,O88 40, or S32I,-
II 20 per annum, exceeding the regular receipts
.28, GIL "a per annum and yet the minister
cOneratulates the legislature and the country
pom the improved condition Of our financial af-
fairs, as shown by the statisrics.''
The report next informs Us what is the amount
the public debt, which Is a. follows:
Iehequer bills, &C bearing Il Per cent. interest, sIoo.o-5 q
borrgEed br the ng~ wa.sr worss,........ 1900 90
Total .SIzs.7T7 30
The Minister does not think that the last item
$4,000 ought to be included in the public
ebt but the people, who Will be required 70 set
e the bill, with at least ~ per cent. interest on
3, will think very differently. The public debt,
l~erefore, of the Hawaiian Government on the
It Of April. 1850, was
s12s,77 30!
IraviBg over $1,000 interest per nnnum.
Such Is the improved condition Of our fnan- |
al affairs as shown by the statistics Of the
reasurer Such is the improved condition
which we find the nation at the end Of nearly
80 years administration Of His ExceIlency d. l.. '
regg.
Had the Minister paused here, and recommend
! 4 curtailment in our expenditures, had he t
iOwn u disposition To retrench and to save, 50
rat the government might be carried on without q
Icurring more debt, the public might have had I
- cause Of dissatisfaction with the administra- /
on of this department, than it now has. But I
far from any retrenchment having been pro- J.
81 mnch Inss DRAINED Of hr The Ninistnr un D