The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1873-12-31

1
: are continuing business. Rhode Island was
B shaken to the centre by their suspension, but
5 seems to have recovered. all the property oil
the frm, even thar Of the ladies' Of the families
has been turned over, and great satisfaction is
felt at the manly action Of the firm. This is the
only failure Of magnitude, and people are feeling
more hopeful. Yet there is manifest necessity
OF careful management, and all, from the highest,
to the lowest, feel the needs of economy during
the winter. The great cause of the trouble lies
in the credit system of our country, and until a
cash business is done, we may expect like dis
turbances. The Ndion pi.hlly says: The first
step towards rally in all panics is to stop run
ming. and leave off taking distant pigs for cavalry
and the rumbling OF cart wheels for artillery"
Goods Of all kinds are falling, and the general
some months. Messrs. H. B. ClaHin & Co. of
New York commenced, few days since, sale
Of dry goods amounting 10 value to S6000,000 at
greatly reduced prices, aud everywhere one meets
notices of goods offered at panic prices.
Sugar has declined to lower prices than at any
/ y
brings only lOc. pound and raw sugars at Ga
to &c. Coffee keeps up. Rice is very dull, bring
ing 6s to &c. pound. Yet there is throughout
the East feeling that trade will ere long resume
its wonted activity, bringing money again into
circulation and creating renewed prosperity
panic IN London, nor has this caused the ship
nent Of coin fron there to diminish.
THE vIRGINIUs.
A counter irritant to the panic has been pro-
dueed by the seizure of the Virginius. a vessel
flying the American flag, by Spanish Cubans, and
the summary execution Of many of her officers
and men without authority. 1t seems evident
that the Virginius was vessel having on board
men and means to aid the rebellion in Cuba. She |
was an American vessel was discovered on the
high seas and chased within six miles of the |
coast OF Jamaica, where she was captured. Many |
of her crew and passengers were taken ashore,
led in squads of ten to the front of the
slaughter house wall, and there shot down in cold
blood, with no chance for defense, no chance for
protest. Dispatches from Havana say that the
tions. They also say that the American Consul
did everything in his power to stay the murder.
In an interview he had with Gen. Burrlel, that
officer laughed at him and treated him dlsrespect-
fully otherwise. The British Consul also made
an Intellectual protest against the action. What
our government will do is not yet known. Let
tiers and kilograms TO various members of the
have been received almost unani-
mousy recommending q war policy, and vOlun-
leers have been rendered. 1t is evident that there
were American citizens on board the vessel from
appeals made to the Department OF State, one of
which reads as follows: al bad son on the
Virginius. For Gods sake save his life" The
1tier of one million dollars by one of those exc
,uted was treated with contempt. 1t is reported
hat the Secretary of War said to friend, who
,alled on him Saturday Nov. l5 F." You are aware
hat | have been considered somewhat blood
hirsty on this matter, but the entire cabiHet are
low Of my mind At the cablet meeting held
We were unit, and ii the American
,eOple are not satisfied with the measures re-
olyed upon at that meeting, they must be very {
nd excitement. Orders have been received at Q
charleston, Norfolk and Brooklyn to get the
essels ready for service as speedily as possible.
here was nearly one million dollars drawn at
be Treasury in one day TO the credit of naval
isbursing officers the Eastern coast to meet
in fitting out vessels, and our govern
tent is preparing to enforce her demands in case
pain fails to comply. 1t has never been ac-
nOwledged by Spain or our own country that
uba IN a state of war and hence the Yir- q
Mus cannot be treated as hostile vessel. The pt
astelar government is known to be friendly to "
If own, and the matter may be settled without b.
ar.