Daily Honolulu press. [volume] (Honolulu, Hawaiian Islands) 1885-1886, 1886-01-30

quoted Backed by the law and the
facts we here enter a counter charge
that "the wretched and dangerous con
dition of that road is therefore directly
traceable to the shall we say NAL
feasance in Office of the present Ad-
ministration -no we charge the greater
crime which includes the lesser, and
'call it downright stealing Govern
ment Soab.6n66le, we thank thee for
that term, it fits the actions Of your
political sponsors.
But let us see how this Gibson Ad-
.ministration conducted finance as re-
ported in the Session laws of 1884.
The Legislature of 1884 discovered
that the Gibson Administration had
not only been transferring special appro
priations to other uses in direct viola
ton of law, but found that the Adj
ministration had actually expended in
building the Palace or something, p
the amount of $54,6S2.63, for which
this Gibson Administration could pro-
duce no vouchers, and the Legislature
therefore very wisely ordered, to put
stop to the downright stealing" of this
Gibson Administration, that "for the
item $s4,68a.63 the Minister Of FL
nance shall render detailed account
of expenditure to the Assembly at its
next Session" But further than this,
the last Legislature, in order to guard
against this thieving Gibson Admins
tration amended Section a, above quo
ted, so that il now reads in the Act of
1884 as follows:
Section a. The Minister of Finance shall
not cause or allow to be paid from the
Treasury any money for objects not authorized
by this law, nor for any object herein author.
lied over and above the amount appropriated
| therefor.
Speaking ofthe Administration which
preceded this present corrupt and
thieving Gibson Administration, the
gentle organ blows up another bubble
| lie which bursts as soon as it comes in
contact with the public record. Read
the following:
Opposition finance is peculiar. When its
model Administration was in Office, by resolu
ton Of Cabinet $25o,ooo was issued from the
Treasury TO private banking firm, the head
of which had been Cabinet officer, to be
loaned by it at high rates of interest upon
security which the firm in question, under its
own hand pronounced to be so speculative
that it would not advance any Of its own
money upon it.
| Now turn to the Biennial Report OF
the Minister of Finance" in the "Re-
ports of the Legislature" for I879-I8So
On page S Of this report is letter from
Messrs Bishop & Co. to the Minister
of Finance, in which they offer as
securities for the loan, "Our personal
obligation with the notes, mortgages OF
stocks of our debtors, or Government
bonds, as collateral" But further, or
page 3 of the General Report of the
Committee on Finance" for 1880, will
be found the following Endorsement Of
the securities and the action of Messrs.
Bishop & Co. SIT is proper to state
here that the securities for this loan
laid before the Committee for inspec-
tion seemed fully adequte 4
for the protection of public interests.
Your Committee cheerfully
state that as informed by the Registrar
of Treasury, Messrs Bishop & Co. had,
at the date of their examination, on
the 10Th inst. already paid into the pub
lie Golfers the sum of $4,000 in ad-
vance of the time OF their first obliga-
ton, which does not fall due until the
first day of June proximo." On page
a OF the report the Committee adds:
'Howeyer your Committee recognize,
that there was an imminence of danger
to the business interests of the country
which required the aid of public treas
ure; as neither domestic or foreign
capital was available"
But itmay be asked why we have
quoted from the report of committee
to defend our position when this com.
mittee belonged to the very Admins
tration the gentle organ has con
demned? We answer Be6aNSe Mis
Committee rebOr1 zoaS signed BY WaAter
Muryay Gibson, as chairman, and be-
cause 4Oe 4reter to giae the lie to tie GOs'-
ernment Soap-6u66ie ont ofihe mOuth of
one Of its 0zoa bOlitieaI 6abeS.