The Hawaiian gazette., 1874-09-09

help admiring the genius OF the man who at
present presides over the finances of New Zea-
land. and whose administration thus far has been
only series of successes though in bringing
forward his new projects, which have been ex-
tremely bold and original, he has been tainted
as a schemer and too visionary to be successful.
Under his auspices the revenues Of New Zealand
have increased during the past year about fifty
per cent or total of one and half millions OF
dollars, and the population of the Colony has
been augmented nearly twenty thousands, mostly
through wise system of immigration, by which
the passages Of all who wish to migrate from the
old country are paid by the Colonial Govern
ment.
In laying the Polynesian scheme before the
Colonial Parliament, Mr.. Vogel made the fol-
lowing remarks, which we're well received by all
who heard him:
GAN competition in business contradcts the max
i'm that trade cannot be coutrolled for by exerton
and enterprise the course OF trade is directed.
NAV give another example, for the correctness OF
which can vouch. gentleman who is engaged In
large business in New Caledonia, aud who is OF
was the contractor fo- supplying the Government
nearly all of their large requirements for the convict
stations. was DESTROYS of carrying on his business
from Auckland; but he was unable 10 do so on ae'
count of want of the proper facilities, and he has
transferred the seat Of his uperations-whether tenn
porariy or permanently 1t is not for me TO say-to
sydney 1 fear also, in coming down with any pro
posa relative 10 opening up trade with the south
Sea Islands, that il may be characterized as South
Sea Bubble When the Immigration and Public
Works Policy was first propouuded, it was charae
terized, both In the House and out OF IL, as 9
South Sea Bubble; but l think those who have
honestly watched its progress from that time, can
not be otherwise than of the opinion that it was
policy of a very substantial character. Although
am well aware of the difficulty of bringing forward
any proposal on this subject which may not be oper
to ridieule on account of the circumstances imme
dately surrounding former scheme, still there i:
nothing in the present proposal of which the Gov
eminent have any cause TO be ashamed, and whiel
they would not be quite prepared to leave to its owl
merits The so-called South Sea Bubble of former
times might in this day be success; and, indeed
might then have been, had not its promoters set
themselves to entirely different objects to thos'
which ostensbly gave rise to the undertaking, l
our ancestors. who revered the great explorers o
their day. could revisit this earth, how amazed they
would be They did not hesitate to lavish blood
and treasure on islands like those of the West In
dies, almost every one of which has been the seat o
a war But we, with countless islands, not inferior
at our feet refuse stretch out our hand to seeur
BY peaceful means that trade and commerce. To my
mind, the proposal Swallowed forth in these paper
would tend, not to diminish the efficacy of the I'm
migration and Public Works Policy which the
Government and the country have embarked, bu
would rather encourage it,.