The New York herald., 1874-09-12
SANDWICH ISLANDS.

Pariiament Prorogu ued by the King-The
New Loan Bill, Financial Set-O0
Against shinplaster Inhatton-Dynas-
tic Conspiracies and Sudden Death OF
Crown Informer-Citizen Canvass OF
tho Question OF Reciprocity with
America.
HONOLULU August II, 1874.
Tue Legislative Assembly was prorogued on the
lst inst. by his Majesty the King. In the speech
the Assembly was thanked for the liberal allow
~ made TO the royal family, for the confidence
sncVa the Ministry by tho passage OF the Loan
3.i ana for general intelligence displayed in
Eaul ig laws for the welfare OF the people.
THE LOAN BILL.
The Loan bill authorizes the borrowing Of
tl,0 200 rate OF interest seven and three-tenths
per cent for ten or twenty years. The money,
wneu sised, Is to be devoted to the development
o, suaar culture, building warehouses and other
pune Improvements. The clause of the bill by
which tae country would have been cursed with
sninplaster currency was defeated by large ma
jority. Some persons are apt to decry the intet-
gence OF native represen tatlves, particularly when
questions OF hnanco are under discussion; but one
thing may be said they are set against all schemes
Of imitation OF currency whether to move crops or
for any other purpose. Mr.. Groom. OF your
city, has taken q lively interest in our financial
affairs. The Adrerttser Of this city, has received
a pamphlet issued by Mr.. Groom and has
frum that gentleman, all OF which has
been gravely spread before our people. The
scheme proposed Is very plausible one; but un
fortunately, the majority oil business men have
not yet reached that advanced position in finance
where they can swallow the dogma that the use
of gold or any other merchandise as a currenc y
Is a barbarsm. Our only difficulty so lar has been
that our desire for gold has never been stated !;
when we have had surIei,, suffered from II, We
may take kindly to Mr.. Grooms paper.
MINERAL WEALTH.
Some of our fortune hunters have created quite
a fever of excitement by a discovery OF some
handsome quartz CRYSTALS. The native quartz
specimens have been displayed by the side OF
some aurierous specimens procured in California,
and the resemblance has been close enough to set
some people areamns OF fabulous S @ wealth; the
quartz Is, that the foreign is rich with gold indi
cations. while our specimen Is poverty stricken In
this very important respect.
DYNAsTIC OBSERVATION-DISCLOSURES DEATH OF AN IN
FORMER.
The adherents OF Queen Emma have created q
little disturbance. A party OF the ringleaders in
the riot Of the 18th OF February neld meeting and
discussed the proprety OF agan beating the rep
spy gave information 10 the captain OF the
household troops, who in turn conveyed the infor-
nation to His Majesty the King giving particulars
as to persons and their plans. Alter laying the
whole scheme before Ills Majesty the Captain fell
endure, as he was already sunering from disease
OF The heart. The arrest OF the conspirators was
and n1oeS what "a be might Sua
parties arrested have been examined and
all but one dismissed. The person who
has been committed for trial is charged with
treason, as evidence is in the hands Of the au-
shOrities that ne has circulated a petition ad-
dressed to the French Commissioner, asking for
assistance to dethrone King Kalakaua and en-
throne Queen Emma.
1t Is not generally supposed that the fellow
knew the gravity OF the act which he was COM
mitting.
A COMMENTED MONARCH.
Hts Majesty the King goes on In the even tenor
OF his way. evidently out little II any, alarmed at
the plotting or his opponents. Another royal
progress Will be made within month, and douot-
less the people Will bring presents and sing to the
praise OF the King as heartily as ever. Tney know
who Is in possession OF the throne and the pat
ronage OF the royal estate.
TIE QUESTION OF THE RECIPROCITY WITH AMERICA.
Our dear pubic still bankers alter reciprocity
treaty with the United States and rumor says that
the planters are endeavOrng to get His Majesty to
go down to Washington to help The thing along
1t would seem that we are wasting a deal Of time
and some money III efforts to reach something
Just out OF our Ieacn: that we are fretting away
nervous energy enough to work wonders II well
directed to some feasible point object. We
want u treaty from Uncle sam, and II we cam,
have 1t why we'll just sit stln and do nothing
/ Probably shall suffer more rom the iQdCtlOl