The Hawaiian gazette., 1882-06-28

Tn million dollars. fifty million francs,
two million pounds sterling, it looks a
pretty large sum, put it in any Of the
three coinages, and this Is the modest
sum which the great Financier, the Hon.
Mr.. Lilikalani. proposes to borrow. What
Is going to be done with this magnificent
loan! Are we going to have railroads
built all over the group whose receipts
viii cover the outlay and bring in large
surplus Is the honorable member going
off on a grand ship building schemei
Does he hope by means of offering trans
port at almost infesitismal rates, to create
such a traffic as never this world saw. and
so recoup the Treasury for the heavy per
centage 1t has to pay7 1t Is possible that
there is some deep scheme between the
proposer of the Ten Million Dollar Loan
Bill and the father Of the Liquor Bill: it
may be a preconcerted scheme TO buy up
all the liquor that comes into the port and
retail it at enormous rates, say 200 per
cent profit Perhaps, and this is a very
large FERHAPs, there Is a scheme on foot TO
defeat the treaty. latter the loan has been
1oatedl and buy up the failing plantations
when the inevitable crash comes In point
OF fact there is no limit as TO what might
be done with the money were it ever OBJ
tanned. The Honorable Mr.. Lilikalani's
mind Is expansive, it embraces very wide
views. he has. as every one In the town
knows, devoted many years of deep study
TO finance, in fact. If there is one thing
more than another that Mr.. Dilikalani
exoels ID. II Is finance. A thorough inowl
edge Of financial questions Is rare gift
to legislator and Hawaii mel ought to be
especially proud that one Of her sons is
able to rise to the situation. There Is
always the hour and the man. Rome had
her Cincinnatus Greece her Pericles. Persia
her blacksmith. France her Napoleon,
England her Hampden, North America
her Washington, Araby. her Mahomet,
Hawaii has also her hour and her man.
and she can indeed bless herself that
Mr.. Lilikalani is her man. In the
present circumstances ii must be com
fort to her that she is not being led to
financial destruction by political charls-
tan. that she has something that the out
side world must respect
There Is really something so magnificent
in the idea Of the Ten Million Dollar Loan,
that we feel assured the great powers viii
Immediately send out commissioners which
viii sit at the feet Of the Hawaiian sage
and drink in his wisdom. How about a
couple OF thousand people are to be made
to pay the debts Of about twenty times
their number Is true financeering and this
grand discovery has been left to Hawaii
nei to hit upon.
This loan viii no doubt be talked of
shortly in European and American com
mercial circles; the question is, how shall
we inspire confidence in the capitalists
abroad To this there can be only one
answer. and the members of the Cabinet
must agree upon the point. the introducer
of the measure should be sent abroad.
We can Just imagine the surprise of
Messrs. Barring Bros, Mr. Goschen, Mr.
when they hear the dicts of Mr.. Lilikalani.
Perhaps, however, we are giving the
introducer Of the Loan Bill too much
credit. II may not be in his brain that this
scheme has been Matched, il there is
another who has claims. we willingly pass
en- the praise to him.
Seriously. and If is hard to treat such
scheme seriously. the Ten Million Dollar
Loan Bill Is fraught with danger TO the
property holder. and that unfortunate
member Of the body polite had better
look forward and see how be can best pro
tect his interests. 1t is a matter. too. upon
which the Foreign Commissioners may
have something to say.