Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1882-03-25
The Native Press.
From the Evokod.l

An ERRoB.-A certain mistaken idea has become
very prevalent among the people of this city, and
probably i'll other districts also. 1t is i'll regard to
the Ten Million Dollar Loan, about which there is
much talk; and this is the error II is SAID, and
believed by some, that if the proposed loan bill is
passed, and the government obtains the money,
then everybody cat proceed TO borrow this money
at low rate of interest, for the purpose of profit
able investment.
The first consists in supposing that the
getting possession of Il large sum of money by
going in debt for 1t is the way to get rich. That is
not true. In order to acquire wealth one must be
skilful worker, and to know how 10 use the
money he receives Some of our people have said,
" they want to see much capital brought into the
country; it would be means of their becoming
wealthy by borrowing cheaply." Now if person
is not able to keep aud use his own small means
so that they will increase how will he he able to
keep and use proiitably large sum, belonging to
some one else which he has borrowed? If I'M
skilfui in small things he will be unskilful in
large ones, That is plain to be understood. China
men come to this country very poor il purse, quite
strangers, but they get the run of things and
accumulate wealth. Why is this. Isit by borrow
ing money at low interest? No. but by industry
and economy.
Ii q large amount of money brought here
and loaned out among our common people, it
would be the means of speedily bringing them to
poverty and rum. This statement does not, how
ever, apply to all people. for we have few
among us who know how 10 work. are not afraid of
labor, and know how TO practice economy.
Here is another error of those who are greedy
for the ten millions. They suppose that if the
government obtains this large sum, it will be u
matter of course that every one can go and borrow
-. =. Il. 49,.
is not going 10 lend it without good security from
tho borrower in tile shape of u mortgage. And,
moreover, if the government does succeed ill bor-
rowing tins sum OF money, 1t VIII be by paying
interest on It, and II loaned out TO the people is it
not to be supposed the government will charge
still higher rate of INTEREST," seeing that it must
provide for the payment of the large debt incurred,
both principal and interest.
Moreover if the government does borrow ten
millions It ID not clear just what Will be the policy
in disposing OF the money. Perhaps there are
some contemplated improvements ON which to cx-
pend this money 1t is reported that there is talk
of building a fleet of war vessels and terrifying
ten millions will not be enough for those purposes
that the people after all will not got any Of this
money that is so much talked Of One thing, how
ever, Is certain, that when the debt comes to be
paid, the people will have to bear the burden.
from the Eieie Poakoia.l
rHE VoIck Oh THE WArcHMAN.-The important
work for Hawaii at this day is not To consider the
are well enough in their way--but above all, the
repopulation Of the country. Large sums of
money have been herein expanded, but without any
result. That money would we'll have been
thrown into the sea. And why IL thisf What
power is higher than the Legislature? We all
know that 1t IL above all else, saving only the
power Of the King And how Is 1t TINT tho author
ty of the government sets aside that of the Icgis
latureS The money voted by the Legislature for a
certain purpose e spent for some altogether diff
said that the $4,000 Intended for making road
over Nuuanu. in order to protect the lives OF tho
people has gone of to Portugal. II this is true,
where Is the Hawaiian who will not he dissatisfied!
Z This is indeed u strange proceeding!
few days hence the Assembly will open And
I will the government undertake 10 put ON airs in
the HouseY viii they attempt to justify their
disregard of the will Of the session of 1892 Per
haps the attempt will be made; but We trust that
the coming session will take that shall be
I impossible to expend tue public money in oppo-
sition TO the order of the Legislature.
Just now, We have in this city the owners and
others who are interested in, or have control OF.
the sugar mills and plantations of this group.
The principal business Of the convention is to dis
and adopt measures to advance their interests,
and TO provide for the procuring Of supply of