The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-01-31

THE WEALTH or THE IsLANDs.
Tho finances OF the present govern
ment are in a healthy condition. The
receipts for the two years ending April
i, 1890, wore $2,s17,0Oo, and exceeded
the current expenditures for the same
period $l45,0O0. The public debt is
$500, 900, interest on which is being
paid at the rate Of a to Q per cent.
Tho value Of private property is estl-
mated at S40,0OO,0Oo. 1t must be re-
membered also that the state OF indus
trial development corresponds very,
closely with that OF III newer states,
and the present is but 1.-THE Of the
possibilities OF tho future. Bhare Is an
other cause which has created annexa-
ton sentiment toward America in
preference to England is that the
islands are now laboring under severe
commercial depression owing to the ad!
verse workings OF the sugar clause OF the
present tariff law. Before the enactment
Of the Mckinley bill Hawaiian sugar
was admitted duty free under q rece-
procity treaty. They were then on the
same basis as Louisiana planters. The
duty OF 2 cents q pound against West
India's product represented the Hawaii
and Louisiana margin of profit. The
removal Of this and the granting oil the
C%ompensating bounty to Louisiana
planters left the Hawaiians out In the
cold. Except in favored spots, sugar
can no longer DO raised on the islands
except at u loss. Four-ifths OF tho
owners Of sugar pl plantation stocks are
Americans, mostly residing in the
United States, who want annexation
and the same terms Of protection that
arc granted their Louisiana brethren.
An additional commercial reason for
annexation ia that Hawaiian bonds In
the markets Of the worldtake rank with
those Of tho turbulent little South
American republics, owing to rcyolu.
ti6nary scares, although in none Of the
revolutions has property been Affected
or values unsettled.
The lack OF real stability in tho GOV
ernment has been a source OF expense
TO the United States, for IL is doomed
advisable to keep a warship in Honolu.
III harbor constantly to protect tho
rights OF this government under q mht-
uallv unsatisfactory treaty. This gov
erninent desires a dominating influence
there. Tho first move looking to that
end was in 1870. whom a reciprocity
treaty was established. BY this rice
md fnw sugar were admitted duty FREQ,
giving the Hawaiian an advantage OF
500 per ton oyor other foreign produc.
ers. Under this stimulus tho exports
rose from $4,000 tons in 1870 TO 10000
tons in 1900. Tho revenue Of four.ffths
OF this went 10 American cltiEens most
~ rosiding In tho United States.
Hawaii was appropriately called an out
lylHg sugar plantation OF the untted
StatoE
TilR PEARL ltARloR sripuLArtoNs
In 1887 supplementary provisions
woro inado by which the tImO Of the
treaty was extended and other products
came In for FREQ duty, in return for
which Kalakaua codod 10 the United
Statea tho exclusive right TO ostabllah
and fortlfy o naval station At the Pearl
harbor, near Honolulu, tho right exist-
ing only during the life Of tho treaty.
In 1880 Secretary Blaine proposed 70
mako the treaty permanent aud TO
create absolute free trade between the
Two countries, 10 mako tho eesaion OF
the naval alation pernahont and TO-
pledge 10 Hawaii full participation In
bountios granted American pr0duCotq Of
auaar. Commercially Hawaii waste boz
come ono with the United States. There
WOro other ptovisiohg booking 70 thNeN'
alnaion OF other nations, and eatAbliah.
nm = aatt al Nalld ~Ntatndiafato avhf thu