The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1891-09-15
HoIner's Ranking Bin-No. ?


Mn. EDITOR: Nations are said &c
flourish when agriculture, manufacture
mining and commerce flourish, when
city improvements and railroad construc'
ton flourish, when willing laborers are
abundant and work for all 10 do, when
trade is lively and profitable and general
prosperity are enjoyed vy all its people
then s nation fourishes and rapidly IN
.creases lis wealth ana its people enjoy
the comforts OF life, as, when there is
work Tor the hands OF man there will be
,ro-t Tor his teeth. When there is re-
munerative employment Tor all there
vii he bread. clothing, earthly comforts
.snd an increase OF national and individ-
raj wealth. It IS . great blessing to be
able At al times TO buy the comforts OF
lie hv respectable employment. EN-
nlovment leeds. clothes and instruets.
Remunerative employment produces, In
al countries, prosperity, content and
cheerialness-
II appears, from the above facts, that
labor intelligently applied produces
all Of the necessities and Injuries
OF lie. Let me ask then, why
cannot ali industrious ana enter
prising people enjoy the comforts OF life,
flourish and be content, cheerful and
happv? ! answer, under our civilization,
the foundation OF ali prosperity, the life
blood Of business and production Is
money. Money is first. and labor that
produces all wealth Is second. Ii Is
money. money. money, the law and
custom compels all to pay and all to re-
ceive. and il any nation have a full sup
plv II is not properly distributed. Can
this be disputed?l Consequently sirug-
s-le and suffering Tor mere subsistence
everywhere abound
No nation can be said TO be fully sup
pljed with money, when money invested
in the industries, agriculture, m2nutae-
ture. mining, etc, yields less than per
cent. per annum including money, while
money alone at interest yields over per
cent. When such state OF things exist
the industries are not fully supplied
with money. are hampered and working
70 g disadvantage. il checks business
and production. No prudent man VIII
borrow money to invest In business
that Yields him net less than one-halt OF
what he promises to pay Tor It's use. Inc
above percentages were taken from
American statistics OF some years ago
The statistics of their late census are
not vet complete. I see, however. that
the industries OF Iowa pay from per
cent. to 20 per cent per annum Tor the
use OF money, and Alabama from per
cent. to 20 per cent What an outrage.
and what an unsatisfactory state OF things
that must be where man 10 easy cir
cumstances can get money Tor / per
cent. and q man I" hard up though
producer-has to pay 20 per cent or 40
per cent. Loaners of money are not to
blame. as they have as much right TO
get 2 big price for their money as have
for my sugar. The fault Is with the gov
eruments for permitting its people to
suffer such exactions. when the exercise
of its constitutional duties would relieve
them. We presume that America Is not
the opIv country that is crippled in Its
business by short supply of money or
an imperfect distribution Of it, which
renders them only comparatively pros
porous when they are said to be flourish
ing.
All civilized countries demand both
hy law and custom that sll debts, tariffs
and taxes be paid in money; money Is
required for all enterprises and all LABOR;
no agriculture, no manufacturing, no
douFishing trade, no employment, no
eivilizing influence, schools, cnurcnes,
railroads. telegraphs, etc, can De ENJOY
ed without money.
This shows how important Is money,
and how unWise and unjust it is to leave
che distribution OF money altogether IN
private hands, seeing the evil that arises
rom It: and the making OF the money is
a supreme government duty. Why
should not the Government distribute IL
nnon security on demand as well as to
make it? By her not doing so, financial
earthquakes periodically snake tne
foundation OF business and production
throughout the civilized world, causing
loss and suffering beyond computing.
This ought not TO be, and such thlng
could not exist If the Government bank
ing bill here advocated were II working
order there.
So. notwithstanding the bright looking
picture OF national and individual pros
perity and the apparent ease by which 1t
can be attained by enterprise and LABOR,
none Of it can be accomplished or en- /
loved without money.
So money should be one OF the first
things to De supplied by government |
20 its people il it expects them to pro- |
duce wealth BY their labor and to meas
ure and exchange that wealth after II Is |
produced; or, if internal development is |
desired, money is the first requisite and |
the most efficient tool.
Yet under our civilized, inefficient, |
tvrannical, shylock, ironclad money sys-
TEN. individuals-not the government
are expected to supply the money, the TOOL
to enable the people to create wealth
and national prosperity, and II they |
don't supply it nothing will be done.
Nothing can be done without money, /
and Il is said everything can be done
with il except to make an honest man.
Give the people q currency souno IN
quality, adequate in quantity, Win
enough elasticity o. volume 10 ADJUST
itself to the varying necessities OF the
people, and az rate OF interest approx
mating the net income of the industries.
Every industry viii be quickened, and
all the people viii feel the impulse,
new awakening TO permanent pros
perity never before enjoyed by any
people, as no people ever enjoyed such >
currency
Yet the above bill would produce just
that kind os q currency fer the people,
and would apply with greater force TO
large nations than to Hawaii 1t would
prevent every evil arising from the
present cast iron money systems OF the
world. JNo- NJ hokSER.
Ito be continued.)