The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1880-05-12

o. Foreign Affairs Slumber IN the bosom OF their Il
families and the Minister of Finance is spend 1
ing the night at Mosnalua, TO direct laconic /
missives 10 the unsuspecting heads of govern /
ment informing them Of their dismissal. This |
is bGsines-hke and saves = scene. We feel 4
that this advice is needed, for where frequent /
changes Of the ministry are desired, there is I
inherent feebleness 50 shaky and topping that /
ordinary and respectable methods OF making /
them, are out Of question
HoS. G. RHODES rawlings about Chief Jus
ice Harris, and the different Cabinets under
the King, would be attributed to kind of mono /
mania, were they not SO persistently repeated
every two years. In the failure to bring East
IDdiamen, NJ. Rhodes Processes to find clear
proofs Of conspiracy to betray the country
to the United States Ii would be throwing
words away 10 inform him that men as sincere
as himself in their regard for Hawaiian vel
fAie. believed that Indiamen were undesirable
largely because their introduction would entail
upon US g Surveillance by British officers,
which would result either in constant bToils or
s British prOiectorate. What would Mr..
Rhodes think if be were proclaimed as a con-
spirator. striving for forty years 70 bring these
Islands under British rules Yei this Is the
kind Of talk in regard to others with which
Mr.. Rhodes publicly INDUCES himself. The
danger of such insane and wholesale denuncia-
tioa Of Judges and officials is that if the natives
could be made 10 believe II, there would be an
end Of their respect for law and order. AS
far as Mr.. Rhodes Is concerned. itwould serve
him night 70 make a Cabinet officer Of him.
TEE 4dssrfssr well says that " the credit
Of the country abroad depends on retaining
Cabinet officers who have the confidence Of
tie people here, and that any such changes
Of tie Ministry as have recently been the sub
jec. Of stree. rumour, would be the with
drawing from tie Government Of credit at
home, and the result abroad would be easy to
foresee."
This cabinet has the confidence of the COM
munity. Especially is the energy and busi-
ness intelligence of the Minister of the In
terror appreciated by the public; and the
public viii be disposed sternly to criacise
changes not made for cause. The view ex-
pressed by the Ad5s71tS-r against the proposed
changes is the view Of the country at large,
including both business men and all who are
concerned in the preservation Of good Order.
Nothing but the height Of folly would permit
the disturbing Of the public feeling by such
an uncalled-for aud absurd step. But we are
not prepared 10 sooept the view that wise
oounsels DO not prevail with " the powers
that be"
TIE letters of Nessrs. a. F. Judd, T.H.
Davies and ". L. Green fairly present the con-
ficting views which are held on the question
Of currency, IS well as some irrelevant "twit-
ting" about philosophers and practical men.
All views are theories, whether professed by
book-nen OF by business men. All sound rea-
sOuing starts with facts which may have been
Ascers4inei by ones own experience, or BY his
I observation, reading or hearing Of the expert
/ ence Of others If the basis Of fact does not
ezist. the conclusions must be erroneous,
whether they are made by one nan or another
/ There Is 10 propriety, then, in contrasting the
/ logic Of theorists with that Of practical men.
{ as well talk Of the geometry Of tall men and
short.
NJ. Judd starts with the facts that gold is
Z commercially the least variable in value OF all
the metals used foz money; and that silver
dollars have less intrinsic value, and therefore
E less commercial value for purposes OF inieTnz-
tiunal exchange. than the same number OF gold
/ dollars Hence be infers, that Il is better to
7 have gold coin which enables rs the more
I readily to pay foreign debts when cur products
I do DOT answer that purpose, and exposes Us 10
z less risk Of depreciation IN the valae OF our
money for domestic use. He also infers that
+ by importing silver dollars worth intrirsiczlIy
T less than gold dollars, cur imported goods cost
= I. =
I less IN value than the gold; but we think that.
On reflection, he would discard this latter view,
E for dollars worth Of our sugar in San Fran
Z cisco baYs there dollars worth Of goods to
T be sent here.
Mr.. Davies seems 70 think that Mr.. Judd's
r premises are tue, but that his conclusion (or
'reDedy Is incorrect, from the distress
( which would follow If ali debts over SO were
required 70 paid IN gold He thinks that il
would BE better L thIee-fourths of al debts
+ over $50 were payable II gold, as this course
I would allow rs 70 utilize the silver which We
have, and would lot be 50 drzstic'' in It's
T demand for gold
Nr Green takes the only ground which logic
Z permits, vhen he denies that II i vel 70 have
money which int-insiczlly and for i1Iternziion-
81 uses has It's nominal value, for be SAYS It
would then leave the country with fatal "a
c1lIly a. tie TerT urneS when money ls only
too scarce Il none Is ss1t away. To put the
natter n o.her words. Ar. JU6d's syllogisn
E IS: Ii is desirable 70 have money Of the same
value which II has intrInsiczllv and IN the
COUNTY, which Is our principal market foT sell
I ing and buying; gold Is money OF this kind,
( hence re should have gold NJ. Green, with
( the eve of 3 god rezsoner, sees that he can
only avoid this conclusion, by denying, as he
Z does, that its premises are true- In order to
meet Mr Green's apprehension that IN case Of
I failure OF delay II crops, We cannot export coin
10 pay debts abroad, and still retain In circu-
Z lztion eo51gh for current business, ne frankly
admit that i Is necessary to take the groaDd
4 thar large credit basis for doing business l.
unsafe and undesirable If oce with borrow
Cd money carries On eutsTp-isss which even
Temporarily fail 70 yield profits, be must get an
extsnsion of credis, OF become bankrupt We
do not think that he SHOULD prepare n advance
for such crisis, BY having general currency
60 poor n value that Il VIII nos Be used OF sc-
cspted for payment Of foreign debts This
wholesale credit mcde Of doing business, a.
I fhough Il has prevailed 50 extensively, seems
70 Is 70 give fslIaci0us and unreal appear