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

Govsrnment to inear a debs ahroad. Essn u te lnssrsst wa
agents. espssss u srsasporta,ios. &c woat5 t5sr ne eost up
70 what Is paid here nov Cor interest
into thrce parties, In ths discussion. Hr.t. ths-e Who az
rtov~a q the btli second, those whs opposed see bmi aud
hird, these who, while approving ofthe measure In the main9
objected to some q its features. he had stated it 40 his opin-
Would prove ! .surss q pTosPesisy. Bai .s%e have ssl Ia;
THIS IS daboheal measure = Second satan come Into ts
4 were PROBABLY ,hs imPs-'hs At,ls as,is- 20 he S-.o ee
allasiaus, had declared that be Agreoi with the Hen Mf
Bishop. aud thai gentleman bad said that b. would support
rha1sAad. In that case. while the bu wOal sIl be a dsylla
the Hoa- members estimation, It would probably BE- a deyuI 81
reduced dimensions dAaghter whsa ths nan Is sask, be
applies 70 = doctor When the naehine no longer runs smnothly,
mote Industries, encourage agrieulssrs ana onnm-rcs. uhsch
are ianguishlng for The want q those rneouTsgcnsnis u l. ls
to deyi-e, 20 PROJECT, and % scheme fr the general god Ana
eeSsaIy laws 20 give effect 10 thai which wisdom shall DEVISE.
(Mr. kasi spoke at considerable iengthl
iIon, Nj lsenberF opposed the bin lie remarked ,haI
there had hccn much said IS 20 The dlneuites under which
plSnlsilSn. aeorsd for van, q MONEY In rs oP'aion' M.
great dihesly was, the scarcity Ot hbOr' and secondly, the
low price Of sugar lie could not support this bin. because u
would be Gkely 10 get the Government iRta dimceIty. IL
plantation l. unsuccessful, aud II the Government shall Ai such
The owner Of plantations. Planters can barrow none, abroad
IL they wa"t T. a. rate. Of not les, Than : zee cent
non. No-.rs kakinA and NaukAns spoke a, great length In
His EHcynency the Minister OF the Interior shoush, tho
and he therefore called cor the qasstIon.
The motion 90 indefinitely postpone was then put and iost,
The lion Mr.. Bishop moved to amend BY striking out the
ceeiing two hundred thousand dalar'" lie spoke at length
IN favor Of his amendment, recApiiulAung HBosi Of the AfEu-
Ills EKeellsney The AnoInsy General said-lt was my ia,sn.
an esTier hoGr. bot ! gave way On the can Of question At
this late hour ! trust however ihe House win bear win ms, -
before the House In a new attitude, BY moving TO amend 10
$4,000. And as the Hon gentleman has given no rAson fr
valuable time with a sew remarks 10 reference 60 ,bs Bm. Ia
The hrst IAss, ! do no, entirely agree with my colleague that
measure, but in one sense IL Is a GoveTnment measure u was
inauggnted by Ills Majesty the King, and His Royal Message
Was the ioreTunneT Of the Bu.
The question t, yin yoS tvor a measure 60 aid onr great
voice to-day assures me that you viii
reasonable mAn-the proposition : adopted that something
must be done 20 relieve our industrial interests.
The Hon. Noble (Mr. Bishop has said that he : glad mat u
Is not a Government measure aad that he would be sorry fine
Government brought forward such a measure and effected is
i has undoubtedly the sanction Of Ills Majesy the King We
without any reason for hi. sorrow. The Hon. gentleman OBJ
served that it might be said he opposed 1e Mn because Of
We can all well understand the argument Of interest that
might BE- oTO1sh. ssslns, The Hon. esnIemA1 ba, ! feel
believe he would swerve from his convictions Of duty TO the
20 owen The great question, gentlemen. q,
shall we aval ourselves Of our credit aud borrow II W.
we must borrow. Then lt US inaarurale the loan and pre-.
sent 90 this House the system BY which the loan can he
Do we need money! The Ron gentleman says yesl bu. he
II put ~ Al tpJOIOOO. Out hdducea no reason theTrfof.
Why, M. Chairman, that sum could BE- easily handied by
more than one firm Ia this town. I think ! can point 90 two
tent Of the loan You cannot now nK upon a sum, aud the bnI
s a. Tsn % st !" !. . uIs y can 1ssrs 81 :" =. , %Ss p 70 s.GssS1s . : million ~ Sl
me purposes in fhis lef hersaJtsT ssf JcyfA." Why not let
little common sense, not TO get more than IL really needs.
The Honorable gentleman .ays; good sOysrsmen,' and pro-.
man thinks well how he is TO pay the debt and make some
thing out o.. IL. That " very true. and the Hawaiian Govern.
ment will think well what its resources are and how they may
be enhanced before entering into the markets Of the world on
believe that the bin has a speculative look lie has DOT pointed
out wherein it has that peculiar cast Of coantsnanoe, and amer
ings, ! fail TO see the force OF his remaik-It IL a mere asser-
lie however, truly says, and heartily agree with him aud
think that such IL the voice Of this Honse, that u g should be
carried into effect somebody would be benshtted. . think Ia
win benefit US all. That Ia It's object, That e the true inten.
unn o. tue blu. therein Is The wisdom OF u. The Honorable
ordinary expenses the revenues should be sufficient. Are we
Chairman, the sIigsney which demands This loan l. great the
occasion extraordinary, and the crisis must be met, ar we win
ploughshare must be laid aside Il IL men We want-Snd after
providing thus Ear, we mus. have store HOUSES for our produce.
and we must help those who have almost exhausted their
energies in developing the resources Of the country and for
these purposes il il apparent We have got 10 borrow. The
question is not an ordinary expense which the ordinary rsve-
nues Of the country can meet.
prosPerOes because Of their great debts, ,hey are However
"T.o an Nv ~ tnei' kreA' asuA' becanne OF their greHt
great national debts have been entaled upnn them by reason
when life and property was sacrided. Thank God, our deb,
OF SS55,OOO, was not Created by reason OF destroying property
W w hhfH " oat
The Hon. gentleman says, II 81 a mistake n We think We can
money 10 very cheap. He says we may get Cor our bonds
cents. accept the proposiuon-woul we NOT even then get
money cheaper then we do nowf II we sold a, 90 cents. In
terest at 7 $40 eve now pay o per cenI) We would even az
NAT = g discount q get our money AZ about 81 per cent The OlJcci
ing q but TO afford ls aid An ksepIag up DE industrial interests
ment by increased revenue.
Tor II. To be sure we wiIl-we pledge the credit Of the Gov
eminent to lha. end. But says the Hon. Nobie, a harsh GOV
SO might any other creditor. But the Hon. gentleman should
tact and The interest PAID rssaiaiIy. ssuSh Is : mS ii%iis.d s n-
gentleman, But gentleman. we need ni Tear ihAt any
,,e1 y or o. The Ha%aitSn G9Ternneni VII pounce down upon
TO meet that regularly.
about by wars, caused by de.troying pronrr,v 81 ne 80 40
you, that sou can look back with pride upon the past and
chronic horror Of Honorable gentlemen, was Incurred Sy
'ssaiing Srogsyty; not destroying 1t, and also 10 keeping up
! trust we may nov come % a vote On ihe aTst section q
our credit for The great obeeI intenda we hsvs II, and why
not use Il to good ends,-resurIect II possible our down.
fnture take care Of itself in the faith aud honor ot The Hawai-
1t Is my duty to determine whether or not the bin 10 based
sound principles and l. desirable for our county. ! ei
The debate to-day, turns on the arst section Of ,hs bill. Il
simply whether we shall have a loan. the amount and What
we viii be in a position 10 persoct The system thus ad'
S Sea sss.aed ! ; 10 sas sss q T 2r, sS,s a e, 1sS sn. q s' e. S;S and .%Ss2y
hearing the views Of Honorable gentlemen for the present, I
stand by the bill as recommended by the committee.
Hon. J. ii. B. Martin spoke briefly against The Ban, and thr
Mt. Mikabemi made another speech when
The COMMITTEES rose, TO st again Tomorrow, and she House
at 5 p n. -
SEVENTH FIRST DAY, Friday. July "a.
Immediately after the reading Of the journal. the
House resumed consideration Of the Loan Bill. in
COMMITTEES Of the whole.
Hon. c.. r. Bishop moved his amendment Of $780,
600, in place of one million.
His Ex. the Minister Of the Interior said that that
amount would not assist the productive interests and
internal improvements fthe country. II the steamer
Rilauea should meet with an accident, perhaps the
Of 100000 would be required for the purchase
Of a new steamer. We know that we must have an
inter-island steamer. BY the Section as il reads, k
for borrowing "a sum not e~rcesding Oae
million. - and a less gum may be borrowed.
After considerable discussion, the vote was taken
on Section l, which was passed by q large majority.