The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1862-02-13

strength. The floating debt will be capitalized-a
u. new loan obtained on the faith of the new programme
4. the winter and early spring will thus be tided over,
- ana then-aye then. VI. Fould has not q definite
lease Of Office. The master who appoints can dismiss
him. aud if next May war with Austria occurs. his
. Majesty may resume his old powers, and trust TO
. military glory and territorial ACKNOWLEDGMENT to cover
20 oil f4i,ings. However, sufficient for the day is the
i evil thereof, and anyhow. the admission that cous;i-
: tutional government in financial matters Is superior
10 sutocracy, is a fact that may be stretched in future
TO include many other things in France. For she
present, however, the Imperial vessel has been dex-
tCrously steered past the rocks on which the Bour-
bonists, Orleanists and Republicans ex pected it would
: be wrecked. We shall see whether it is possible to
introduce such economy in the national as can alone
restore the finances to a really sound condition.
t We allude to this important political change,
and have given it thus fully, in order to show
the similarity now existing between the Hawaiian
nation and France. We see one of the most
powerful Nations of Europe, embarrassed with
debts, and her Emperor. one of the most popu-
lar of soyereigns, coming boldly forward to meet
the crisis-by peremptorily dismissing his Minis
try, and calling to his aid the most experienced
fnancier, and Voluntarily relinquishing one of
his favorite prerogatiyes, the abandonment of
which was thought necessary to save the nation.
Turning to our own government, we find it
occupying a situation singularly similar in many
respects. We have already shown in previous
1871 h-ANA BOiANN 10 "AOb1f
and calculated to plunge the country into a sea
OF distress and ruin, unless something is speedily
done to avert it. We have seen that while the
resources are decreasing, the expenses for salaries
are not materially changed, and that a conse-
quent increase of Indebtedness is the unavoidable
result. We have also seen that the ruinOus effect
OF this policy is not confined simply to the gov
eminent and its exchequer, but that it is slowly
but surely bringing disaster on every branch of
domestic industry, and destroying our foreign
commerce
We have looked at this matter as a polit-
zeal question, and have urgently demanded an
entire change of ministerial policy as necessary
to restore public confidence in the government,
and impart a new life to our dropping COM
merce- We have also sought a change of Minis
try as the first step towards an improvement,
because it is now demanded by the voice of the
people, and is believed to be the only thing that
can save us. Singularly enough, the very
changes sought for here in our financial policy
and Ministry were at the same moment demand
ed by the French people, and cordially acceded
to by the Emperor, whose desire is only to see
the nation prosper. lie has gone farther, and
has given up one of his cherished prerogatives.
Our position, in many respects is very similar,
~ tC,iAOo iit pIOsDCIily " L5
people, it lies with him to follow the example set {
by his august brother, the Emperor of France, I
who, though ruling thirty millions of people, !
deems it not beneath his dignity to change his .
Ministry, and call in other advisers possessing =,
sentiments more in harmony with the popular 7
will. Napoleon seeks relief by summoning the =
advice of the ablest fnancier in France. Our
Sovereign, too, can obtain relief by calling in y
the advice of our most prominent fnancier. s
thinks it not beneath his dignity to
resign, with n grace worthy of the Sovereign of O
one of the most refined and powerful nations of Il
Europe, n fond and cherished prerogative, be- o
lueathed to him from his ancestry, while all
Europe looks on with wonder and amazement at :,
his act. Our Sovereign, too, has an opportunity
IF yielding his prerogative of retaining a Minis E
Try which has proved unacceptable to the people, X
md calling out one adapted to the crisis. Napo- h
con is lauded to the skies for his noble act, and
around him a more powerful support in L
hus seeking the peace, happiness and prosperity v
{ his people. So, too, our Sovereign would only "
trengthen his position and endear himself to all NJ
lasses, if similar changes were made here for the
bject of bringing similar blessings as in France. ~
All acknowledge the necessity of an Immediate \,
hange; but while the unftness of the Minister h
f Finance is universally admitted, while all Ka
Dncede that experience has shown that he knows
little about finance in its application to Ko
nc wants of this kingdom, some appear to doubt w
ne propriety of an entire change of the Cabinet.
ut there should be no doubt. Time was when 81.
lie people might have been satisfied with the re- hi.
gnation of Mr.. Gregg but affairs are growing Ri
orse, and the feeling is deepening that there tn,
IN be no real improvement without an entire wi
lange of Ministry. Mr.. Wyllie has long and of
ithfully served the king, (more faithfully than we
has served the pcople,) and none are more ready soc
an we to award to him the need of praise that wa
ay be due but if the Secretary of Foreign At Tn
irs stands in the way of a radical change in our shc
lancial and commercial policy, it is his duty pre-
his God, his king, his country and himself, to :. -.
and submit to a reconstruction of the ~,
lbinet. He serves for honor, and if his long -.
periencc and wisdom are deemed indispensa- In
e, the creation of IL title of nobility for him, in
for instance, Baron of the Isles, would be a con
ting reward, to which the voice of public La
would say, Amen. Que
The interests of the country call for an entire one
in the policy Of the government, and in IFS r..
There is no time to waste in sympa- 7
izing, for the current is daily sweeping US along ore
4 vortex OF commercial rum. y change of tidi
nistry, economy, retrenchment, faithful officers Fra
the government, and only enough of them to was
minister the public service, are the watch to b
rds of the public. Refrenchment and economy este
st be established. 1t has driven France to make hop
great changes: it is the crv in ENGLAND and will
to America also. If the great and =
xerful nations of Europe and America, which in t
,bt IN ba opr cuides are NOT ashamed 20 -oisa but
c-v o,d ;rs,i,r.a s,cb -oforus % bo,r H. his