The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1868-04-29

three-fourth millions; that of the United
States was S450.O0O,OO0 gold. The total
trade therefore of the Islands, compared
with that Of the United States. was in the
ratio of eighty-three cents to one hundred
dollars.
at is the want of capital, as much as
any other cause, which has retarded the
sugar culture in the Hawaiian Islands
With capital it is safe to predict that the
group will become, FOR its size, one of the
most successful sugar-prOducing countries
in the world"
( The statistical tables are full, and show
Just what will be the operation of the
Treaty on the revenue of the United
States.
There are some here who are disposed
to lose heart and give up the Treaty as un-
attainable We commend to such care
full perusal of the Congressional document
| prepared by Mr.. Delmar.
The delay in the ratification BY the
Senate can be laid to substantial causes
other than hostility, and up to the Eastern
dates brought by the Murray, We see no
reason to say to one another Z" / told you
So" There are always an abundance of
croakers, and we hope no true friend of
the Treaty will JOIN their ranks.
We gather from the tables that,
For the fiscal year ending June Both. 1867.
we bought Of the limited States Of their
domestic produce. ACKNOWLEDGEMENTS. Sooo,5ol
And Of foTeis On merchandise ............ $3.50
A total of................. s95s, 5s7
We sold to them during the period 81 O65, 7S5
OF which, foreign merchandise reexported T2,sO6
Leaving of dom. produce the amount of 1922 979
These figures show that the difference
Of exchange between the domestic pro-
ducts of the two countries may Be said to
be nearly equal, and if untrammelled with
duties on either side would without doubt
fully Offset each other.
An interesting factappears IN comparing
with the tables, which show the effect of
the proposed reciprocity. Under its action
We find, taking the gross value of the
articles imported by either country from
the other, during 1867, that the United
States will release from duty imports from
US valued at S634,259, and we the duty on
goods imported from them valued at $685.
loo. We therefore release greater taxa
bic basis than they by S4S4S. not large
amount truly, yet in comparison of the
wealth and resources of the two countries
quite noticeable when the figures run
against the poorer party. 1t brings out
strongly the fact, that the sacrifice is not
wholly on the United States, that the rev.
enue question, an important consideration
with us, is hardly worth attention with
them.
The sacrifice on the part of the United
States. which has been most set forth 10y
those who desire 10 defeat the Treaty, is
that the duties given up by them amount
to so much more than those sacrificed by
US. But this argument is not a conclusive
one, for the duties of the two countries are
not equal in ratio, and the amount given
by the United States in 1868, under its
present war rate of taxation, is double or
treble perhaps what would be given up,
say two years hence, if reciprocity were
then under consideration. In other words
the present enormous tax on sugars will be
reduced as boon to their own people,
irrespective of our treaty, and therefore if
released from our sugars now, cannot be
called gift to US. If our treaty be rati-
fed to-day its advantage to US will be
diminished by this reduction of duty on
all foreign sugars, which is sure soon to be
made by Congress.
By the tables it is shown that the duties
collected In 1867 in the United States on
merchandise from Hawaii was S56919I,
and this amount the Treaty, if it was
il operation, would have reduced by $780,
973. We do not call that stunning figure
for Senators to contemplate. The trade
of Hawaii is worth larger bid than that,
or else the newspapers have been astray
the past year in their editorials?
1t is true, that more of our sugars under
the treaty would be made into refining
grades, but the drift now is, to MAKE these
grades whether the treaty passes or not,
SO that we may reasonably conclude that
the duties RENTED under the treaty will |
will never much exceed the figure given in
the table for 1867.
Looking through the interesting facts
Hawaii, and the comprehensive
tables given by Mr. Delmar, we regard the
whole document as powerful argument in
avor of the treaty taken from the Ameri-
e,