The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1892-08-10

and mats, some stone gods and
other relics of barbarism, a bag of
unrefned sugar and : a labor con-
tract must be exhibited abroad to
save the country from financial
ruin. How can / enumerate all
our needs? They are pressing.
The Ministry made a conscien-
tious effort to reduce the Appro-
priation bill. They pared a little |
here and little there; but they |
found that even little thin shaw
ing would reach the quick of some |
one with pull 1t was only in
the Department of Education that
they got in right smart hack,
cutting off $4,000 at one stroke.
hope the reader is now con-
WINGED that it is an inevitable
necessity to borrow money.
About two and a half millions
have been borrowed on Govern
ment bonds. There is nothing re-
markable about that. Her Majesty
and other patriots should not for
get that these bonds are a mort
gage on the country, and foreign
creditors have a way OF sending
men-of-war to foreclose little gov
ernments who do not pay their
debts, e. g., Turkey, Egypt and
others.
About million has been "bor-
rowed of the Postal Savings
Bank. The method of borrowing"
is not generally understood. The
simple subject passes his coin over
to the government with childlike
faith. His imagination dwells
fondly on the picture of his money
| lying securely in the government
vaults and growing in that con-
genial atmosphere by natural
accretion, at the rate of five per
cent. per annum. The fact is that
no sooner has the trustful depos-
itor turned from the post office
window than his savings are taken
for the uses of the government.
In a few days his money is whirl-
ing government favorite about in
hack, or as champagne gurgling
gaily down the Threats of happy
black-and-tan nobility at state en-
tertainments or being ground out
as Hawaii ponoi by the peerless
band.
If the confding subject wants
his money back he must give the
government three months notice
of his intention. In the mean
time the Minister of Finance must
rustic around and borrow the
money from somebody else. When
a good many people want theil
money at once, the wear and teal
on the minister is something fear
full. A good many people have
deposited money in the savings
bank in order to get pull on th'
government. Whenever they wan
a Job for friend, or to turn some
, body out, or get a contract, or t.
save law-breaker, they just g
. and threaten to want their money
The government hasn't got tn
money, and naturally desires t
, conceal the fact that it is bank
| rupt.
, Lastly, sixty to eighty thousan
3 dollars of silver certificates hav
, been issued. The silver certificate
: certify that so many silver dollar
q are lying in the treasury to redeer
+ them on demand. The veracit
n of the certificate on this point
o not above suspicion. If the silvt
o is not really in the treasury, as
v required by law, it must be ver
Il desirable to have some wealth
% friend-say bank-to stand b
n and furnish silver in case it shout
| be called for. The present Ministl
i has friends who will stand by the
,e financially. 1t is necessary to ha7
n Ministry that these fnanci
IF friends will stand by. These final
70 cial gentlemen have right to S;
is whom they will stand by, al
,e whom they will not stand by; tn
N is, who shall be Ministers. Wit
out the support of the financl
We gentlemen, the Government won
rv be found out and bankrupt.
q D. L. HUNTsMAN.