Ka Leo o ka Lahui, Volume II, Number 392, 18 Pepeluali 1892 — FINANCIAL. [ARTICLE]

FINANCIAL.

| (Xo. o y ' (< <. ! Tte ?.iiLe fir.ar.c:al difficultiet r th;irtx:v: ihe v;c.~d ovtr. ai we

hkve■ yrtv:ously y viated cut, exUt | a«!so in Hr.wa:i..lut- :n meee .£ggrn* | vr.:cā >h-Tie. i :s scaroe and : iu tlie Li.r.<U of a ve:y few mcnev >f.w«-rs Rnd U|iirers -who forai r.n opi»re»iive menopo!y. Tfce goverr.mtnt is pract:cally at tho niercy ot our principal banklng i<utUutions. the heads of whieh, btjcause.of tbeir contro' cf the bulk of available eapiul are becoming the gr»nteēt pbwer in ihe land. No Finance Minister ean be appointed without their approval tor fear of having tha govemment finances crippled wben aaualanee is needed aa it aomeUmee is. ln aeveral instanceē thev havsp presutned to control appointmenta to office. and they are beoomiug a d >ininant monoy powcr, to whom the governuieiit and all oth«*r« n>u#< ben«l ilie kn«Hi. Tho olher mom y londera al«), n* a c)jii*B, are ti ha ughty a inl arrojja n t l»cfore whoni all other meu yho »evk their a»»ist ai.ee, must ln toieok, humhle and siibnMBBive. It ia thc same every wherel The monieU power i» aggr«#Bive aud oppre«Bive, and in the hands of a few men is not &lways tised ior tle bost osts of the naiion or the people. llie mm»f fs their's and it is tbeir privi)ege to iavest it, hoard it, or send itaway, as>l-iDay inii tMr own seifish pu^poeea* Tbs vanoos »»sreanUle, indostrial or sgicfiitunii MilerprisMs $t* nttori? depet»d«*t Um fcvor

and eapHeo of tbiB i»wii©d . aome meo who are of tfca ficaneial ehkĀ, at»4 wbo» lt a»? b« policv tofa?or, oan g«t all tbe i* naaeia! aoooiiloelalioo tho? waak oltarß, eqaally as aateia&tiaL aod witb eqn4U7 good amHtl«B» a*e bm&\j eiipffed fcr waat of tkeam« beeaaeeperhapsthey hm Aoi Im auffio|e»tly erragfeg aod »abnf?teftt to the m ff a»iaf. |a Uaaea ol A&aaeial «Im» Illw th# pwent, thef miM&j hmk &p all Mpitel or «eod it aw«3r a&4 tbtfs makanraa every i&diistry te«m&U3r. HOMema of <Ul«9 tlwrtkatebeen obtaioed from pnMHM of «&r aoil and M >n heaa i&T«rted heie, have lrki& oanM away andinveeed Haawh&e by theae uneontroled a&i unpatriotic and thia : aotio& haa eerioaaiy crippled tbe induftrial progrese of this ceuntry | whieh haa now eome to a etand--8ti)1. The history of money lending in in Hawaii nei ie a well known' t&īe of usury, 6po]iation and oppmeion. We rcfer ma;nlv to ti.e class ©f smftll loane. The firane;iil assiit« , ar.ee wa.eh hr.* • hd rexdered to &ome of the "«.:sr rlan:r.t:cus. bas Wn :n evvrv rny \vcrthy 01 thc t!r.r r.C:ers *: l liu*. *.he titv t'ue n?.t!ve« •cht. c:*ed• of• hr.s bee:y ;.n ou:r;igeons. :nj ist::e r.nd harushin. Say a pccr kanake e:;ters the oOiee e: a I;.?:yer wno is the »igBnt of a monev ler.der. He irants to borrow iS(K) en h:s property and pleadmg!y states hia | waLt. Perbare ht* has been kdunt- ' ing a number of theee dene of the j own'' for some days« but [ withont avaii, money being scarce. | Fina3ly he is perhaps aeeommo* ! d;ited and alter signing a cast iron ! mortgege. he is raulcted m an extortionute commi?siun for proc jr» inp the money, a heavy fee for

dratring the papers, feet for stampB. .Kk:iow!edgment anei reconlinpr, aiAi pfrhaps six monih» or ono yerrs intfrtst in .idvr»nce. Perhr.ns he Cft3 abo::t $400 out of the $500 iie wantecl rad b,ae boun<\ himself to yny. Tbis aimost inevital»}y lands him in bankftiptcy. Tne trr4er c r st;a' 4 l farmer wbo fimlß h:s !:ttle enterpri§e flouri9bmg aod may wish to e*tend it, usually finds it vtry hard to :nduce the independent capitahst to loan him the anm that «voold enakle him to largeW iocreaße his meome. and oon«equenJy his enterprite mu«t languish.