The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1874-07-25

good sense Is measured entirely by the extent Of
his pecuniary resources, although II may furnish
one good measure in some respects, and know
that if such a list as is proposed should be
opened there would be found many reflective
men who, though they may not be Is wealthy a.
" Capital" yet are BY no means contemplate in
their personal resources, and many more who are
not ambitious OF wealth for themselves, but are
looking 10 the general good Of the community,
Of which they certainly expect to be partakers.
But If it is true that the line is drawn between
the comfortable lenders" and men whose credit
is. good for all they need, and borrowers with
=. almost exhausted credit "a wise government
will consider that those aforesaid borrowers have
been the men whose industry, labor and anxiety
have been the producers Of all that has constituted
the foundation of business in this country for
many years who have paid the capitalists this
interest which he now fears may be lessened.
These are the men whose hope and courage have
been the only capital Of this nation for many
years. and who, if they are allowed to become
quite as d" Capital" says they are. " almost exhaust
ed" as they sink beneath the wave will carry
down with them every hope of any revival of
enterprise in this country. Already their difficult
ties discourage any extension of enterprise, and
soon Capitalist will find that interest will diminish
for want of borrowers his private investments
will be crushed" as thoroughly as they would be
on Christmas Island, and whatever capital he has
will be locked up in his iron chest for want OF
employment, or he will be obliged to send it 70
foreign countries for investment-or as be ex
presses it, " it will be driven out of the country
from sheer want of opportunity of employment.
He will end when too late, that the goose which
laid the golden egg has been destroyed.
Let me ask, whether it is proper for government
whether it is advantageous to this community, that
the g almost exhausted borrower =" shall become
quite exhausted in order that the alleged fears of two
or three may be quieted-fears that will prove to be
quite unfounded Is it for the advantage of this
community that those who have labored from young
manhood to middle age or waning life, shall be COM
PEELED to abandon their estates, or that they should
be unaided by Legislation and public credit, or that
others who have not borne the heat and burden of
the day shall step in and enjoy those estates at q
quarter of their value ?? Is it desirable that our
Young white men should leave our shores because no
employment can be had and no prospect open for
the future; and that our young Hawaiian men should
have no chance at all ;-because some one fears that
his private investments may be disturbed 20
Mind, may be; not uciH be. Is it for the interest of
this community that the planter should be compelled
to force of his sugar at less than it costs him to pro-
duce it, because he needs the money to pay his way;
when putting it into store and obtaining advances at
reasonable rates will enable him to wait for better
opportunities to realize-or in mercantile phrase,
'' to tide over 20 1 think not, and am confident that
in advocating the Loan Bill you are doing your duty,
not 10 a few, but to all. Pro Bono PUBLIoO.