The Hawaiian gazette., 1871-11-08

of 4 stringeney in the money market, arj
thus throwing ont Of employment, di
rec;ly and indirectly. hundreds lit may
1 be) Of workmeu, snd thereby adding tC
I. the general depression, shAll pass on to
tie question OF how. and 70 what extent
viii the Hawaiisn Treasury be affected
by this disaster.
In this letter, the argument is based
upon the Table Of Custom House Stats
,ics Is prepared by ". F. Allen, Collector
7 General Of Customs for the year lS5G,
and upon an estimate that the whaling
/ fleet which womb have made this their
T port fer re6sting for smother cruise, would
have diSbursei. in paying of Of crews and
IN supplies, the sam OF $4,000, from
which must be deducted, say $4,000, for
the SIX or seven vessels which have
escaped IN safety.
The los 10 the Treasury win be-frst,
from the loss oftowage, wharfage, storage
ana Custom House iees of the lost vessels,
aad after that from the depression in
trade, and consequently smaller importa-
tons Of goods.
The first los from decreased duties VIII
be from the smaller amount Of spirits
Withdrawn from bond for consumption.
From careful examination of Table Of
the Statistics. conclude thst about one
quarter Of an spirits taken out Of bond
during the year are for direct use in the
fall season: then from Table 2. the duties
on spirits for 1870 were, in round iguues,
$4,000, As : portion Of the feet has
escaped. It vii lie safe to estimate the
los under this head st about $4,000.
But 1t Is alwsys 81 open question for
debate, and many Of the residents Of
Honolulu viii slways think that loss OF
revenue from decreased consumption Of
spirits Is 5 net gain to the community.
From Table 5 the value Of goods paying
duty 81 the Honolalu Custom House i
found 10 BE Sl,s6a,594 o5. This, II mus,
b remembered. Is the invoice value If
goods abroad: 10 this must be added the
coS q Importation. say 50 per cent:
then The importers profit, say IS Per
cent then the jobber and retailers
profit. say > per cent, making a t0tsl Of
nearly $s,s55,a0o before sid goods reach
consumers Nov. from this take the
estimated loss TO the trade Of the Islands
Of $Soo, oo9. OF SAY Ill Of the total. and
allowing 5 consequent dimlnation Of IN
po-ya-iou. NE md from Table Of Custom
HouSe Statistics. that Ill Of the duties
On goods would amount 70 $4,000; this
ad5ei 10 the loss On spirits would make
4,0o0. 70 which add say 5000 for los
Of wharfage, storage, tovage ana Custom
House ICES, making a total Of say 10000,
which probably Is an outside figure Of
Tie possible loss From this there would
be something 10 deduct for 5 certain
amoant Of productive labor turned into
o.her vest,h-vco5aeinE channels Of indus
TT, Sa5 every one can adj to the ealeala-
-oa according 10 their own ideas for the
amount q los caused BY S general
which Is nearly always sure
10 follow aI g7ezt losses Of properly.
IwIl cal attention 20 the fact that the .
estimated los q the Islands Is smaller .
,En than the los which would resal5
1Vn s fall Of one cent Per ID. n p-ics on
Is sugar crop Of the Is-sn5s 4 los
SrS5a bv S fall in the p-ioe Of sugar j.
elt over the whole Islands, whereas the
present los 5 fels very severely IN Homo
ala aa5 scarcely st all Off of Oahu
IN closing, vil merely ali that the
.a-lS tor economy are particularly in place
q lis tine, tC- rs one c4a fore>oe tie
1-u7s, aud al shoald be prePa1ed as far
s LES in their power q meet any change
& Circumstances vbz,evsr. 4 proper
,o5aozy IS 81 81 times, places and cir
GnSaaess s duty which everyone owes
@ himself = ven $ to the community st
arso, IN order to an as>1ns3 prosperity.
Y