The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1868-05-09
ThcLerfsiafure


Thi- boly las nzde bat little progress the past
week, tboagb several short biii- have passsi their
final reading Among thee Is the act r.d1on9
he nGLe Of interest 10 niAs PER ozf- This act DOW
reqaires only tie signature Of the King TO beoome
a Law Regarding itz opeatioo, cur views have
been >, often expr-ed, that they are well known
WhiIe IL may tend u temporarily relieve tbc-e
who depend On borrowed money, ats ultimate ten
deDey viii be 70 banish surplus capital u Califor-
ma and other countries, where higher rate Of IN
terest prevail, and where It i considered safer
TX i useless o. eynteDd that the law dJ@ no;
Limit the rate. except IN cases where no other rate
Is specified, and that therefore capital has Is god
a chance as formerly. We all know that the
legal rate Of interest has much - do IN entcing
foreign capital 10 any country, and That foreign
capitalists are not ia their plARs, governed 80
much by the auetuating rates which NAV prevail
a. b the established legal rate. We are a. Vet
an unknown eDuntry and people 10 the great cap
iuli-t- OF EarOTe ami Aneriea, who look upon
u - -mi-barbarian. and Investments made here
a. attendant with risk Therefore, it Is particu
larry unfortunate that this measure ha- been pass
ed, which will tend 10 keep away what little cap
ital wa- finding ate way hither-
III NAA - $1,000 G~-
per bead 10 fifty cents, has been before the house
the past week. and Is likely TO pass, as it Is pop
ukr with the representatives
Little OF No progress has been made with the
appropriation bill, which las given way To other
lee important business.
The proposition TO gran; = subsidy Of $3.50 o
= YEAR 10 the California steam line Las been refer
red 10 the Committee on commerce. who are hear
ing the arguments pro and con-. IL meets with
more opposition than was anticipated, and should
the native members vote asains; IL in = body, il
Vii! fail 70 pas
The contested election Of the Representatives for
Honolulu has been decided as every one supposed
il would nc from the unfair mode il has been dealt
with. Instead Of being referred TO a special Com
mittee, ss it should have been. IL was referred 10
the Committee On the Judiciary, whose chairman
i a DObie, priyy councillor, &c, and the majority
of which were so clearly in sympathy with the
government interest and with the incumbents,
that from the first there was no prospect of any
other decision than that given. Were the testi-
Inony published, 1t would show the gros-est ille-
gality to have been praeticed ON the part of several
ofbcers, sufficient not only To have
zlied for 4 new election, but the dismissal of the
officer implicated.
IL goes u establish the fact that in election mat
the government is determined to traInple on
he rights OF the people When ministers can
1atrol and watch the polls from morning till night,
the government press can be used to SANDER
md vilify unofrending citizens, when the Police
Justice l. allowed 10 examine the ballots Of the
electors, when a Military Officer can stand by the
and prevent electors from voting as they
all this can be done and no redress
'btained in the legal way, it remains for the voters
Honolulu to take such action as Will secure
heir rights in future. If they submit to such
onduct again, they deserve to forfeit their rights.
Yesterday the House was occupied the entire
Lay On tie horse tax, which was finally referred
i select Committee, 1T the instance of the min
stcrial Iarty, by a vote of 20 to 70, the latter
VI ressnting the real strength Of the supporters OF
.he bill. Ii Was amusing 10 witness the voting of
he delegation from Honolulu, which wheeled over
the ministerial side like a well-drilled company
f soldiers, or more like a row of bricks, when
ne is touched they all tumble the same way. |
'bree other members seem disposed to follow the I
eour=e ON all test questions. =,