The Hawaiian gazette., 1868-06-03

! 1NV. tSas uttccn anu tNcntN-nVc years. There
would ee ne dihealty in raising the noaey,
TOR the credit Of the government was good.
and the bonds would sell readily and 81 once.
The plan was to make the bonds ef All grades.
80 that the poorest man could invcst his little
earning in then. TAcre were inquiries made
almost every day If the government had bonds
which peor widows and orphans eeaid buy
for safe investment rhere was = great
want Of something Of that kind in the eau,-
manity. A safe place to invest small sums.
There was no doubt that there would be
great demand for these bonds. The intsres,
for the first ave years would be =. SOC. and
for the payment ef the hoaSs. with the inter
est on the whole period. a less sum than Sc, ,0ee
annually viii Be required. Small enough and
nothing to Be frightened AZ. That could be
paid without any trouble. An opium license
vas sold the other day for lo.oeo. That tAx
uPon vice Of the poorest class Of socicty
would mere than pay for the steamer subsidy.
An eeJeesioa made was that it would disturb
the existing state Of things st the Islands.
Il would kill 81 the packets, 50 il was on
land railroad killed Of all the stage
coaches So il was all over the world. pro-
gress killed oG the old habits. 1t vas we'll
known that in the old world. when labor
saving machine was invented the lahorors
tired 70 destroy it. So in this new thing. We
must lock AZ the eventual good. II was hy
the energy Of the merchants that we had =
great many Of the eonvenienees which We enjoy
here now strong objection was made that
the entire Interests Of the islands would be in
the hands q one corporation Il was better
that they should do il. being bound. than
that they should come here and BY the
strength Of their capital. forre of opposition
and then grasp US like = vice. Ii was better
that an agreement should be made in the com
neneenent- We sheuld be always on our
guard against zonopolies. Bat in the bill
under discussion specific conditions were made
and the contracts must agree with them. BY
the terms Of the bill the interests Of the islands
were fully protected.
Mr.. A. T. Judd objected to the preamble of
the bill He was Of opinion that no subsidy
Was needed. II steamer len the po-t with
her hold fun. the charges for freight would
pay her we'll Il was the same if two steamers
were put on In the first section il was lefl
blnd what class Of vessels should run. for
what they should run aud how often. In
answer to the Attorney Generals remark
Shout people going after government bonds.
he said that showed only that there was a
large amount Of money in circulation. II the
poor wish TO invest their money, it was at
their oEn disposal. and could be pat into
lands or anything else. II was evident that
the people, as general thing. did not wish to
have the subsidy granted, and in that case
the Assembly had no right To grant it. More
than that, S5O,ee would not be the only cost
20 the nation The company already received
Snarfase, water. plotage, and several other 4
things, for which nothing was paid The sub
sidy would cost 81 per head for all the inhabi-
tAnts Of the islands If the United States
paid IN proportion, it would make subsidy
Of several Millions So far. what good had
the steamers do1el Had any Of the people
made znythingt He thought not What did
The steamer spend heres perhaps 5000 trip
for light frsisht-fruit principally. The sail
ing vesSels spend large amount here But
the. steam company are very rieh. worth as
much a. the whole group Almost all the
world over, sugar and molasses we're trans
ported BY sailing vessels. and the freight i
less than by steamers But the price At the
market port Was the same By both steam and
sail The products raised By the people gen
srally vOuld net Be taken BY these steamers.
Probably not = single bunch Of bananas.
raised out Of HonOlula, would ever 20 70 San
Francisco The merchants Of Honolulu came
forward Gzd petitioued against the subsidy.
bat the appearances Of the thing was, that an
e7deav0r was being made to force the bin
through II the object was to benefit Homo
lula ouiy, perhaps arguments could be ad-
deed But better spend $50 .0Oe to build
light house and establish I:braries. drx
deck Vas needed here at Houolusu- Onni-
buses and other means Of publie esnvsvsace
were needed II the $50. .6d8 was spent for
internal Improvements in the other districts.
Z would bs better than giving II for Hoaolulu
ouly.
COMMITTEES rose, reported progress. Rsport
approved, and the House adjourned