Hawaii Holomua, Volume III, Number 269, 28 Iulai 1893 — Untitled [ARTICLE]

Why tbe Advertiser shou!d go into hysterics through its enthusiasm over the hnaneial state of affairs in the Poetal Saving‘s B.ink, is beyoud comprehension. According to Mr. Damon'e own statement yesterday, the Bunk ie to-day the proud | ossessor of 119,394 97, and will have to pay within the next thirty days the sura of #20.828. lf that is a g >od showing the Advertiser and Mr. Damon mustbeeasily satished. Shouid no deposits be made dhring the next thirty days the hank will be obliged to eall on the governmeut for assislance, and we do nut consider the know!edge of that vtry encour;!ging for inteuding depositv»rs, especially as the government has got very little money to spare and eannol even pay its just debts. Peopie who deposit their iponey to-day in the Saving’s Bank realize tiiat their earnings are to be used to reim. burse the present depositors. and when the new de[.>ositors want their money. thev will have to prav fur a good streak of luek in order to bring some other fly into the netIt is certainly a very poor showing for any savings hank, not to have sufficient money on hand to meet notifled demands for thirty days. The Ananeial staiement of Minister Damon empbasizes the hope-' lees state of aflairs in the treasury. The statement shows that the government has on hand #90,246.14. Out of lhat amount tbe government will have to pay all the salariea and running expenses for tha month of July. whieh will awallow nearly the whole amouct. Besidea these ordmary expenditurea Mr. Damon admits tbat the government owes #40,000 in emall amounU, whieh certainly ougbt to be paid as aoon as possible. Mr. Waterhouee. who, of course was anxious to hear tb»t these hiila were “royalist” hilla, rece ved the pleaaing information that only #2,000 wera old debts, while the balar.ee wa a contracted under the present administration. The figures referred to above ihow piainly that de poeitora in the Savings Bank bave no security whatever beyond their faith in tbe provisional government. nor any prospect of getting tbeir money as long as the government continu*s on its road of siuful waste and criminal extravagance. If Alturney-General Smith ia not corked up, he will niin this eountry through appropriations for inoidentals nnder his department. Yeeterday, he asked for 15,000 |oore for criminad and eivil expen-

b •«, and of cocree, th« moner w»« voted withoat a disseating roice. Now. when we remember that W. 0. Smith in the legislalare spok« for hours against a decent *ppro priat;on for the Altorney-General s department. aud assured tbe legislature and the country that tbat department could be run cheaper and more eeonomieal if properlj m.tnaged (the insinuati«n that he could run it) it is simply asto :nding to find that man gelting on his hind legs every ten days (moreor less) in the counc:ls, and asking for more a.ouey for h.s dep:>.rtmeut. But where in the name of heaven is the money g»ing lo eome from? lt ls rep»rted tnat the government finally has dec:ded to reduce the miiitaiy expeuses som*>whut bj the first of Augi:st, bnt we do not be'ieve it. Onee we w«sted half a eolumn in complimenting Mr. Damon for having tboltsbed tlie guards at Aliiolani Haie, l»elieving that it was the mi!itarj force whieh is stationed there to defend Jimmj Boyd aud Chief Judd from some imaginary foe, but when we found oul that the saving to the countrj was simply caused by the dismissal of two ‘*guards”or walehmen at per month, w« got disgusted and losl our faith in Mr. Damon lor the eleventh time, aud we promised ourselves that we would never’listen totalesof promised retrenchment or prospective economy from the present rotten regime.