The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1871-11-11
THE PACIFIC
Commercial A6berttser.
SATURDAY, NOVEMBER ii
A Medley and---A Loan.

W. O6A
the faces of the readers of the Gazette on We'd
pesday morning last. The Opera Bouffe seems to
be infectious, for our Ministry has tried its hand
in setting the organ to a piece of music with four
voices, but all '~jangled, and out of tune"
Rumor has had it for months past, that the
Cabinet was not a IS unit scarcely in har-
mony-and the dreadful discord played on the
organ this week, certainly gives force to the
rumor. The first leader, with Its lnane plati-
tudes. and would-be cunning arrangement OF
those treacherous things-the figures, was doubt
less dictated for the Finance Department, word
by word by His Foreign Excellency, the Ruling
Genius, across a table, on which those remarka-
bic legs were cooked in elegant abandon. By the
figures it is attempted to prove that as a commu-
nifty we are not losers by the disaster in the
Arctic Ocean that in fact, we are some fifty
thousand dollars ahead, and have nothing to feel
alarmed about.
The next writer is quite evidently in the inter
est of the Interior Department and the Building
Ring-though we have no reason for intimating
any collision between the two, and are free to
say so. This writer, however, feels that the loss
to the public by the Arctic disaster necessitates
the erection OF public buildings-(that we can
do without)-for the purpose of giving employ
ment to mechanics, and winds up by proposing to
borrow sixty or a hundred thousand dollars on the
credit of the Government with which to prosecute
the work. We propose that the Interior Depart
ment take the fifty thousand that the Finance
Department has cleared, and 90 ahead.
Then, under cover of a correspondent, we have
another opinion, evidently the production of
some official who is interested in trade-(Of
which class we have no lack)-who, from the
advantage of a double standpoint, is rather more
reasonable in his theorizing, but still very weak
in some of his conclusions. The fourth voice
comes weakly Numbering from the commercial
column, and is pitched SO low that we can only
pity.
Taking the cue from our leader of last week on
st Retrenchment," the Ministry have succeeded
in reducing their position to an absurdity. In
view of an apparent crisis that calls for cool
heads and careful management, they have fairly
gone daft. They see no resource open to them
in this extremity but to borrow, and-leaye the
dear people to pay when they can.
For the purpose of showing at a glance, what
an So uncertain sound' comes from the Govern
ment organ in discussing current topics, and
illustrating the disadvantage of employing too
many cooks to compound the g broth" let US
read a few paragraphs taken seridtim from its
utterances
1--WE HAVE "LosT A LARGE AMOUNT OF MONEY" AND FEEL
DEPRESSED
The total loss of the Arctic whaling feet, has thrown out Of
as il has been calculated, most of which, as wages TO seamen,
would have been expended in this town in purchasing goods,
money has been taken from trade, and just 50 far as it reaches,
has a direct effect to depress and slacken business
- .n,u - nHn TUE
GOOSE HANGS HIGH.1
50 much more money lexSess Of exports this year over The
our general business resources, and our producers are able to
buy so much more goods as those figures indicate in value.
just this amount Of means, above those oflast year, is placed
at our disposal, where~ith TO pay for what we eat, drink,
wear and use, or in other words, to pay for the goods which
have been imported.
THEREFORE, WE MUST BORROW LARGELYl
amount DSss Of il 1 mo. I SPPe. .a. ihai si tS' .R Rssi Tss. sa%s, a Of s1 lass. 1a
perfect the projected public buildings should be negotiated, aud
that the money, (as il would certainly be) distributed among
mechanics for labor, among trad:rs for supplies TO mechanics.
sixty to a hundred thousand dollars distributed among our
population by this means would be very acceptable at present,
anticipate
CONSEQUENTLY WI. MUST BE PARTICULARLY ECONOMICAL
In closing, 1 viii merely add that the calls for economy are
R hluie. and all should poaSf be e prepared s% a: "a FAR as a lies in their TcI power sf
TO meet any change of circumstances whatever. A proper
siGGGm every e. q o u ox s2t % himself EnaSIf as well as to the community
at large, in order to an assured prosperity.
DcHdTc VI BCbbluS III USObJ ~
every one learns sooner or later in life, either by
oft repeated precept, by numerous examples, or
by painful experience. How many otherwise
fair prospects of men have been blasted, oppOr-
tunities for usefulness thwarted, noble natures
perverted and soured, and even crimes committed,
or the man has gone through life a stunted and
dwarEed Individuality - because he carried the
burden of debt. And the same rule will apply
to nations as to individuals, with of course GER
tain well understood exceptions.
1t has been the boast of Hawaiians that theirs
was a government without a debt, and it was a
creditable boast. For this, IS little Hawaii f" has
been commended in the journals Of Europe and
America, as maintaining a fullhedged system of
independent government, with public schools and
a respectable show of public improvements, but
no public debt. Up to the time when the present
Ministry Tor rather its Ruling Genius) assumed
the reigns of power, each succeeding cabinet has
left Office with money in the Treasury, and not a
dollar of debt. 1t remained for the present
Rulers to enter the wedge and to conduct the
country, by gradual and insidious means. into
the trap which is now disclosed-the pretended
necessity for mourning a national debt.
What was expected, has now occurred. The
Ministry have plainly intimated their intention
of borrowing what for this country is a large sum
sixty to a hundred thousand dollars. First, let US
ask, where is the pressing necessity for ineurring
this burden of debt-of placing this milestone
upon the neck of the nation? 1t does not exist.
The plea that it is necessary in order to find en-
ploymont for mechanics, who otherwise will suf-
fer from hard times, is simply shallow "bun-
combe." No one credits this sudden affectation
of regard and sympathy for the dear people, who
eventually must pay the debt in increased taxa