The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1892-11-10

ever have arisen IN this respect; III
needed simply to introduce here the
iron rule OF foreign postal savings
banks, by which, as soon as deposit
overreaches by mere accrulng inter
ests a certain limit, 1t IL at once
transformed into Government bonds.
which the owner can sell, but which
the administration is not obliged to
refund on demand. The new Minis
ter Of Finance will therefore have TO
attend to this point if he does not in
tend, as his improvident predeces-
sors, to always live from hand TO
mouth. Moreover, If he is an ordin-
arily intelligent and unbiased man,
he may probably soon find out that
the best thing for the future finances
of the country would be to see about
starting some sound
NATIONAL BANK
80 as to render the administration
independent of local personal inf1u-
ences and pressure; and, as success
full foreign loan would probably stop
any further calls for reimbursements
on the Postal Savings Bank, the sur
plus thus resulting would enable the
Minister to start this national bank
without any difficulty; and here some
of the ideas of my friend Hon. j. Nj.
Horner might not be found as cranky
as many of his detractors assume
them to be. Outside OF these little
financial operations the Minister of
Foreign Relations will have his share
of financial duties. He must help his
colleague of the finances by spirited
and
INTELLIGENT FOREIGN POLICY.
He must not pander exclusively to
American tendencies, and must not
bother about a treaty with America on
the old basis, viz: ''to give everything
away and obtain nothing in return
except some petty favor for the in
terests of few individuals" but he
must look out for the general in
terests. More especially as we are
SO poor and need tangible help. He
will have to take in hand the matter
of properly utilizing the harbors of
PEARL RIVER AND KooLAU,
on the basis of good lease to the
highest bidder, as it was lately ex-
pressed in the ADVERTISER by the
learned Judge Hartwell and by my
self. AS then said: "what We need
and must try to realize, is to make a
good bargain, pure business tran
saction without any sentimentalism
or national preferences or preju-
dices;" and before giving away our
Jewels to Uncle Sam, for whatever
he may deign to offer, our new Min
lister of Foreign Affairs, (unless he
is blinded by partially and traitor
to the country, must enquire who
might be
THE HIGHEST BIDDER
of the three possible lessees, Eng
land, Russia and America, and then,
only deal with the one who will give
us the most, whoever that may be.
This might avoid the necessity of a
loan. Will the new incumbent know
how to successfully perform those
skillful diplomatic man9uvers?
These are some of the views that
can be adduced from the present
situation, as to the future policy of
the new Ministry; others might fol-
low, but as I must already apologize
for the length of this letter. they will
keep for future occasion. All that
is useful to add for the present, is
that, in the actual condition of things
here, careless, unintelligent or
biased minister of finance will easily
ruin the country, and careless, un-
intelligent or partizan minister OF
foreign affairs will jeopardize the in
dependence of the kingdom without
obtaining any advantage in exchange.
The people will therefore watch the
new Cabinet with curiosity, remem-
bering that, anyhow, only fourteen
short months separate us from the
next elections. But, as the new min,
listers are four gentlemen of undoubt
ed reputation for intelligence, abili
ty and patriotism, we must hope fol
the best-if they remain long
enough in Office, for there is about
them certain odor that does moi
seem to please everybody in the Leg
islature.
Yours respectfully,
A MARQUES.