The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1864-10-22

nation ia ruined.
IL would be inexpedient to increase the taxes
at the present moment, becauce their increase
would proportionally retard the progress Of ma
tive industry. Far from hindering the actual
tendency to agricultural pursuits, it is the duty
Of the Government TO foster IL by all means, and
70 carefully and quietly remove the difficulties in
the way. The closer the connection of man with
the soil the more easily destroyed are the rowing
habits of Incidence.
V.-IxPoaTs AND ExPoRTs.
Our imports have amounted TO 50, 173.7 1872 90
during 1862 and 1868. against 81, 9S4 1853 62
during the two preceding years, showing an in
crease of Sl8S ,S74 30. Our exports present q
far greater increase of 1897 ,043 AZ, and have
exceeded 81 900 900 during the last year. 1t is
most gratifying TO notice that this increase Is
mainly due to the export of domestic produce,
the re-exportation of foreign produce continuing
to be of the same yearly average ever since 1S49.
and huctuating between 500. 600 and $500 600
q year.
Our expectation of Sugars is steadily increas-
ing. In 1862 it amounted to zoos, COB pounds {;
in 1863 It amounted to S 292 ,O5S pounds in the
first eight months of 1864 it has reached $685.
1913 pounds.
During the same period sugar machinery to
the value Of $l27 ,182 SO has been admitted free
of duty, thus constituting nine-tenths OF the
total value of machinery entered free as per sec
ton SIT of the Civil Code.
During the last year our imports have reached
the gum of s ,175,4 93 %, against s l,O25, 1852
"a value exported. Nearly ten per cent. of the
importations have been duty free. High as this
per centage may appear as compared with the
statistics of other nations, | am OF opinion that
this liberal financial policy has lead to healthy
results. In connection with this subject l can
not help remarking, however, that the wording
of the 5l7th section, and especially of its 9th
paragraph, is such as to create a great deal of
unnecessary doubt, and to lead to protracted
correspondence between this Department and tho
importers as to the intention of the Legislators.
1t would be well to remove such doubts, as all
and explicit as possible. a revised list of goods,
duty free, shall be submitted to you, and l hope
it will meet your appreciation.
The principle of requiring Consular certificates
TO be attached to invoices has been applied here
for the first time during the last year. The ne
cessity of ascertaining the difference between the
gold and paper currency of the United States.
and of thus securing to our American importers
the justice they are fully entitled to-has caused
this step To be taken. The circular of the 18th
of April, 1863, has been liberal in its principle
and fair in its application in all cases claims tor
returns of duties have met with q prompt atten-
ton. l think, however, that the principle might
be extended, and that in all cases Consular certi-
fcates should be annexed to the invoices presented
in the Custom House, stating fully the average
value of the goods as purchased in foreign mar
kets. 1t is well known to this Department that
in several instances goods are invoiced at a mere
NO ipal value, and cannot be purchased at such
a price in the market they are invoiced from.
Not only the revenue suffers a loss by it, but the
importer who deals fairly with our Custom
House is thereby placed at a disadvantage, having
paid the full duties upon the very same goods ON
which a competitor has paid only part of them.
Although such instances are not yet Of frequent
occurrence, it is wise, in my opinion, to prevent
them, and to remove all temptation when it can
be done. An Act SO framed as TO guard the
Treasury and Tn prntpct the impOrfIDs trade
shall be presented to you for approval, together
with an Act for the protection OF trade marks.
The Development of our Agricultural resources,
and the occasional stringency of our money
market, have pressed upon the attention of some
of our planters and farmers the idea that the
Treasury might, from time to time, and on good
security, advance such sums as, without embar-
RAISING the Government, would relieve them from
the difficulties arising from q want of specie.
However inclined i am to advocate all practical
measures calculated TO give an impetus to agricul-
ture, 1 must state here that 1 should consider
such n step as dangerous and as unlikely to fulfill
the intended object. This Government is not
rich enough to loan to all who might offer securi-
ties, and it would be unwise 10 leave to any Of its
Executive officers the power of selection. All
that can be expected is, in my opinion, what was
done in January last, when the Treasury had
ample funds, and there was a scarcity of specie
in the market-lst, to refuse all moneys offered
on deposit i'm the Treasury, thus driving back
va IA III btsitA~ WHY 80 20 ~ "tAtlCa =
I'd, TO redeem, whenever possible, certificates of
Government Indebtedness Sd, to pay promptly
all Gums due by the Treasury. Beyond these
it would be unwise to venture for rea-
sons apparent to all.
The establishment of a special Bank, organized
by the planters themselves, and their agents. for
the very purpose of a~fording them such recipro-
cal accommodation as they might, from time to
time require, and conducted upon a principle
similar to the one adopted by the agricultural
banks of Europe and America, would be of in
valuable assistance TO our planters and farmers
interests. Such an undertaking would properly
be entitled to some aid on the part of the Gov
eminent, and this bank could be made, under
certain regulations, the recipient of some special
fund, for a limited period. st least.
1t is not the policy of our Sovereign nor OF
his Ministers to favor the sale of what Govern
ment lands are now left, but rather to lease them
on advantageous terms to the lessees. This prin-
ciple, however, is not, nor can it be. absolute.
In connection with this subject, | would respect
fully call your attention TO the following sugges-
ton That the money accruing from such sales,
when made. be set apart as a special fund invested
in Exchequer Bills, and the interest appropriated
to the encouragement Of immigration and inn
portation of laborers, our most vital want. Those
Exchequer Bills would be such as might, from
time to time, be bought from the present holders.
The result of this system would be 20 mend, in
some degree, the disadvantage under which the
last loan has placed the Government in making
the bulk of it redeemable at a certain stated
time, and not by annuities and to leave, as an
equivalent for the loss of the land, a slowly accu-
capital, the interest of which might be
to the advantageous purpose of providing,
laborers, a larger class of taxpayers.
With the consent OF His Majesty, L submit to
you this suggestion, and if, by your action, the
money paid for the sale of the Government lands
ON Niihau could be so reserved as to form the
n,oro,,s - n soac,al fnpI conpnt hahn ttipE,n. |