Hawaii Holomua, Volume III, Number 158, 9 July 1894 — THE PROMISED BOOM. [ARTICLE]

THE PROMISED BOOM.

Th® prophets of the olig»rchy admit that the “boom” promised by the p. g. when the current of popular government was tnrned a=ide by foreign interference has not materialized, and we are cbarged with having retarded , the arrival of the p.g. millenium. 1 We did not tbink it possible — with a dead and buried monarchy. | and tbe whole American uation — not forgetting the navy. With Cleveland having experienced u change of heart and Thurston as his confessor-in-chief, we can’t see what could have delayed the “boom,” unless it is the ghosts of Popcorns grandfathers; tbe I prayers of Jndd and Sereno, or the turee cheers of jingoite i Cochraue. The fact is that there will be , no : ‘boom” here as long as the present crowd are in power. Before long numerous stores will be closed, numerous firms will be, bankrupted, and nnmerous for- ; eigners forced to leave a countsy i where under the auspices of the government Asiatics take their plaee. The monthly pay-roll of the government amounts to, be- ! tween$CO,lHX)and §70,000. Under j the “corrupt” monarcby that amount of money was speut in i the countrv and freely circulated. | It is uot so now. The foreigners who support and serve the republic, spend no money here. ! Their living expenses are ex- I • tremely small, and the halanee is j hoardedorsentoutof the coautry. Few of them live here with any iutentiou of making Hawaii their permanent home. They are all hoping and preparing to get back to their own homes. Their ambition may be very praise- i worthy, bnt it is the ruin of the j country. The finances of the country caunot stand tbe drain 1 on its resources. A large amount of tbe proceeds of our industries are consumed abroad—and no ; adequato taxes ',paid to tbe govment. The few wealthy missionaries livmg here spend no money. ; They live in tbe style of the bov.rgeoisie —in fact like paupers, misers. Their followers who hold the govemment oflices, follow ! thoir eue, and tbe result is, that the money disappears from circulation whieh sbould enahle j onr store-keepers and mercbants ; to pay iheir taxes, their duties j and import sufiicient goods. An illustration may serve to prove the truth of wbat we state i —and we are supported in onr ! opinionby nearly erery merchant in town, irrespective of political | opinion and affiliation. Under the monarchy the average official received on tbe last day of the month, say $150. As a rule. his expenses dnring the month, . would be $200. His $150, was paid oot in cash, and he owed the rest. And the transaction was repeated montb after month and was satisfactory to the merchant, becauso they saw the $150 in cash. Under the present regime tbe average official with $150 a montb receives on tbe tast day $150, but pays notbiog out, { becaose he has bought nothing, and he owes nothing. He keeps his $150, and out of it he pays during the montb |12for lodging, j | $15 (to a ehinaman) for grub , $5 (to » ehinaman) for clothes, ' $2 (to a ehinaman) for washing »nd perbaps $1 (to a ehinaman) for chewing tobaeco. Smoking, drinking, haek hire and “Tum Yam are»Utabooed. Thatmeana. that he pay» less ihan 940 a|

mooth. and that the $110 orer that amouni goes ont of circaUtion. It doesn't take maeh of a hoancieriog genics to hgnre oat how long the conntry's dnances ean stand it With 63 cents a day Japanese mechamcs (!) in Honolnln, the Hawaiians, tbe Portnguese and the foreign mechanics and workingmen wiii be driven to the wall. With Chinese and Japanese competition, and with the treasnry- . sncking blight in the governmeut j employ the foreign stoore-keepers will have to give way. And then the “boom” will eome. but it will be a *‘boom’’ for Mr. Cast e’s friend, the “brown” man and not for the meu who LelpeU to make a missionarv oligarchy.