The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1894-10-23
THE FIN ANCES.

Retrenchment Is not mentioned in
the platform Of the party having an
almost complete walkover in this
election. Yet retrenchment would
appear to be the great need OF the
Government to-day, according to the
last quarterly accounts just pub
lished. The receipts for the quarter
have been Si0S,O5i9l, and the ex-
penditures Sil2.l73s6 This makes
. deficit OF S34, lls95 for the quarter,
although . large proportion Of the
years taxes are among the receipts.
1t is also to be- considered that SiO,-
COO was derived from loans, and $751;
63S u from crown lands, which is a
new source Of revenue since the
revolution. National debt falling
due was paid to the amount Of $1,000,
and interest on national debt Of
$56,lSl.56. Out OF loan funds also,
II 10 fair to state, there were pay
ments aggregsting Sl3,9S0.2o on
permanent public improvements.
Pay OF police-exclusive Of sala-
ries Of sheriifs, their clerks and dep
uties-looms up as 81 ,69l.SO; while
the support Of the military, not
counting the expensive band, comes
up to the exorbitant figure Of &c.
95l.2l, or more than half what some
OF the present Government leaders
thought e1travagaut, and opposed
Is such, for two years under the mon
archy. Although police and military
expenditures have been somewhat
reduced from the terrific rate at
which they were going most Of the
Provisional Governments time, yet
their aggregate for the past quartei
Is NJ the rate OF nearly $4,000 fol
the biennial period.
Not only is retrenchment left on,
OF the American Union party's plat
form, however, but IN assault j.
there proposed against an import
ant source OF revenue-custom,
duties on foreign goods, which
under our comparatively very ligh
tariff, forms one Of the least burden
some forms OF taxation. Certainl,
no statesmen are responsible for th'
presence OF this proposal in con
Junction with the absence Of TIT
principle OF economy. 1t is
wonder, also, to Gnd lawyers VIII,
would endorse the policy OF differ
entail duties between different ma
tions all friendly to the Hawaiia,
Islands. There is no doubt that til
adoption Of such q policy woul,
lead to international complication,
from which it is unlikely that tn
United States would be inclined l.
relieve this country, even il the in
tentions OF our Government an
Legislature We're solely for the bene
fit OF that nations trade with thi
country. As to whether this cour
try is obligated to take such rad
cal step as that proposed, Tor th
ostensible purpose Of pleasing on
great neighbor, is another subjet
aud for separate discussion. As
how the nations regard discrimiua
ing tariffs, reference need only |
made to the intention, reported
late news, OF Germany to prote
against the sugar schedule OF Il
new tariff law Of the United State
1t is only by inference that German
finds herself Disseminated agains
yet she regards the tariff on suga
from countries paying a bounty
an unfriendly measure against h
especially.
1t is to be hoped that all wi
shall be elected to the Legislatu
will ponder over the foregoing 7
marks and, while insisting on 7
trenchment to rescue the count
from threatened bankruptcy, at Il
same time observe great cautit
against getting the country into fo