The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1886-10-14

duty. Let them for one moment re-
view the history of the Loan Act.
In the early days of the session it
was alleged by the Mininlster of the
Interior, who was supported by a
majority of the House, that n loan
was not necessary, but that the re-
venue would be sufficient for all
legitimate and ndconservative demands.
That announcement was received
with satisfaction by every taxpayer
in the nation. That that announce
ment was made in absolute good
faith he earestly believed at the time
and did still. The financial sky was
then clear. Suddenly white squall
arose, such as is wont to dismast
ships. To use q simile, it struck the
Assembly, and in the confusion that
followed some sort of Loan Bill
was passed which provided for bor-
rowing couple of million dollars,
without making any provision for
the million and quarter or n nil
lion and a half already owing. Min
listers brought in an amendment and
provided for that Indebtedness. Still
they kept within the amount. To
whose injury did that contribute?
To the injury of none unless it was
some political adventures. The
taxpayers were undoubtedly bene-
flied. Then another amendment was
introduced, providing that if they
wished to borrow money they could
not repudiate it by borrowing an
amount without providing for what
was already owing. This is all this
amendment did.
Noble Macfarlane said the amend
ed schedule read by the Minister of
Interior when this bill was introduced
was drawn up in San Francisco by
Mr.. Armstrong, Mr.. Spreckels and
himself (Mr. Macfarlane).
Minister Dare said it originated
with the Minister of the Interior.
The. interests that would be served
are those of the little girl and boy,
of the widow, and of The heads of
families who deposited, their hard
earned dollars in the Savings Bank.
These are the interests that would
be protected by this amendment.
What does the opposition to this
amendment want-indiscriminate
borrowing and still more indiscri,n-
mate squandering? DO they want
the financial affairs of this Govern
ment administered with wisdom and
integrity, or by political adventures
who had not money enough to pay
for the whisky with which they at
tempted TO debauch those who back
ed them!
Noble Bush asked what political
adventurers did the Attorney-G Gen
eral refer to-lhose who had been
amongst us for a number of years
or those who had just come in?
His EXcellency Mr.. Dare said that
when the opinions of Mr.. Spreckels
conceded with his own he should
adopt them and advocate them with
out blush. But he was not Mr..
Spreckels' slave, and when that
gentleman's opinions did not coin
eide with his own he should oppose
them as firmly. His conviction was
that the House was being led astray.
If they killed this amendment it
would be like killing the goose with
the golden egg, and if they lived
two or three years they would say
that the lawyer from California was
right after all.
Rep. Kaunamano said that with
regard to the amendment it was
simply to keep the Government
within proper bounds in borrowing
money. The gentleman alluded tc
had lent money to the Government
The amendment says they are moi
to borrow unless he is paid. How
are they going to pay him? Il
they had the money the amendment
would not be necessary. But they
have not the money to do so. The
great trouble seemed to be with Mr.
Spreckels, who had lent the money
and, it was said, had gone back tt
San Francisco boasting that he helt
the government of this country il
his fist. He understood that wa
what had given rise to great dea
of the opposition. If honorable
members objected to Mr.. Spreckel
| being in the position towards th
| Government in which he was the,
: had better raise some money, pa,
! him off and let him go. The Gov
3 ernment owes him great deal o
t money and how are they going t
+ pay him? They would be prevente
| by the amendment from borrowin
/. money until they had made prov
= sion for what they already owe.
they wanted to keep their good nam
# they must pay their debts-pa
: their first creditors first. A gre,
e many people complained about M
= Spreckels having the GovernmeI
l. in his power, but they put then
selves in his power. They put I'll
d ring in the nose themselves, tied
= cord to it and gave him the end, an
If when he pulls they have to go.
1t was wrong to blame him for it.
o they wished to keep their cred
n good they must pay this debt. B
if thav keen IN horrowinU yyitho,