The daily herald. [volume] (Honolulu, Hawaiian Islands) 1886-1887, 1886-10-14
TERMS or SUBSCRIPTION.
THURSDAY, OCTOBER "a, 1886.
MORE sHuFFLINc.

III Is painful 10 see the Shuifilng OF
the Premier to evade the responsibility
fer the Incompatible financial middle
into which his administration has
thrown the country. In his speech on
the proposed amendment to the loan
bill, delivered on Tuesday, Mr.. Gibson
in effect declared that the Government
had no policy at all with regard to Dor
rowing. 1t was entirely for the House
to say whether the loan act solemnly
passed and approved should be thrown
aside or not. The Government could
meet the ordinary expenditure without
borrowing dollar. Such was the
burden of the .Premier's speech This
was from man who only few days
ago was cheering the Assembly on to
vote appropriations far in excess Of the
largest possible revenue. Then he was
not in such an economical mood, so he
said, as during the earlier part of the
session Oh, MOI He was ready to eat
all his loud protestations of desire to
economic, to retrench, to borrow only
from our own people through the
Postal Savings Bank. Perhaps the
public do not know the reason for this
disqualification, this degrading exhibit
ton Of outheroding the very worst
acts of the Premier's tortuous record
1t will be found in the succeeding
paragraph.
Col. Spreckels, the chief creditor of
the Government, acting properly
enough in his own interest and that of
the country besides, induced the Min
istry to abandon the project of borrow
ing more money, and at the same time
indicated policy of utilizing and con-
serving local sources Of revenue, without
injuriously hampering the promotion of
necessary public improvements. This
good counsel having been adopted, the
policy Of economy, retrenchment and,
withal, progress, was set forth to the
Assembly with a great flourish of
trumpets by the Premier The Oppo-
sition applauded and the country re-
joiced When, however, Mr.. Gibson
announced the Ministry's intention of
dropping the loan bill, Mr. Kaulukou
went about town openly Boosting that
the measure would be passed in spite
OF the Ministry. For some days prior
to the Ministerial declaration, the
agent Of certain English capitalists was
in the Kingdom, it was generally
understood, prepared to offer this Gov
ernment as much money as it wanted
on sufficient security To make provi-
sion for treating with the English CAPT
talists would have, to use common
expression of the time, ''let Spreckels
out" Mr. Gibson was willing to let
anybody out, so long as he was kept in
Therefore, within a few days of his
declaration of retrenchment and
economy, and against going abroad TO
borrow money, the notorious trimmer
is found the willing tool of Mr. Kaulu-
kou and the party represented by. him,
in advocating bill to authorize the
borrowing Of two million dollars His
two white colleagues, Messrs. Creighton
and Dare, although owing their posi-
tons more directly than Mr.. Gibson to
Col. Spreckels, also succumbed to the
pressure, with the prime shuffler betray-
ing their patron in his absence. Their
conduct is partially explained by their
weak attempts to defeat the bill by
having it deferred until the English
agent was obliged to take his departure
without any definite understanding.
The native party was, however, too
powerful and too keen for the success
Of this game. The loan bill was rushed
through and an agent was hurried
away to overtake the English financial
agent. Then Col. Spreckels reappears
on the sceneg Mr.. Gibson has to
make another change in the tune of the
hurdy-gurdy, but the instrument has
become badly worn with such repeated