Ka Leo o ka Lahui, Volume II, Number 209, 5 June 1891 — EMBEZZLEMENT. [ARTICLE]

EMBEZZLEMENT.

Il should generally be known that this govermiierft has been running for scvcral vears on a very pec.nliar anel uangerous financial basis. It is as if a man was using trust fuuds in his private business, \vith this difFerenee tbat a trustee wou)d know when he might be ealltd on to r('fui:dtheextracted money, while the c;overnment has catastrophe han'gmg constantlv over it. Tlie Hawaiian governnwnt has invited all personri to deposit their monev and promised to pay itback on deinand with interest. This mo.iev hns been spent so that it cannot be paid back lf thc demand eomes the government is bankrupt and disgraced. It is said th:it there are abbut four persons in town who ean at any lime, by •vitbdrawing their monev from the Savings Baiik, d« plete tßeTreasury w ttiin two weeks and leave it as b liow as a sorinding drunl. In tuat case the ōirieers salaries wonld he unp:iid, the wheels of the govrnmttnt would cease t*> revolveand we would go into ilie h nida «*f a.reTi»e thre;»t and fear of this aus becn heid over the n:inisters ;>nd formt4 one of the umst p?>tent "inflnences" o,)<-r.»tivo at t he preso?it t:me. This is w!:ut tl»e AuverV»ser meant wheu it f :v;d that if

I Wundenberg w.ia turne(l out the | people wouiil \vithdraw their money I fr©m . the Postal Savings k\ ! What the result would be the Advertiser never to3d the people. but those four gentlewien wen]t to the "Gabinet and mude the naatter clear. They oould not s*we Wuudenberg, because tho Voice of the People had been heard, but they dietated his successor in consideration of not foreclosing lheir lien on the Hawaiian Treaswny. ' This is one of thc several influences and pulls that hinuper the present adininistration and keep them from doing anythinK. This is one reason why no public work is going on and why eorrupt officials are not discharged. Wc shall niake it our business to explain some other and different "pulls" shortly. In the meantime if the government is bankrupt, let the c(.nccrn be wound uj> without any unnecessary delay. We advise evcry smnll depositor in the Savings I)ank to draw out his money before the crash comes. If tlie hēavy "deiX)sitors start the run, as they are hkely to do at any time, there will be little ehanee for small The poor people are ahvays the iosers in such cases. Hard earnings and sma)l savings are usually swept awav while the rich and great steer sufely through all troubles. Take a word of wrarning and therenftf3r thank the Leo.