Ka Leo o ka Lahui, Volume II, Number 393, 19 Pepeluali 1892 — ON BANKRUPTCIES. [ARTICLE]

ON BANKRUPTCIES.

- The eoiumna of Assignments and bankruptcips whieh aDpear īn the daily papers are but a phaee of a coming event whieh is thus casting its ugly shadow before. The policy of the planters in jjHrodt% ing labor has baJ the effect of fiiling up the country with a diverse populaUoo whose national prejodices and antipaihies ru n couutei to the Brst valuable element in na* tional life, namely: a bomogeneoue people. Ab eueeeeeive nationalities of lahorers mtroduced they tr*ded with tbeir own oouotrvmen, and the result has heeo a periodical displacement of Hu;iness coniitions and buei i)e3B men. Thus we find that of the wbite men who kept stores on tbe isiands ten to fifteen years ago very few remain. They have been replaced by Chincse and Portuguese, and as neariy the whole of the plaotation labor is now Japanese. it is saie to say that the Portuguese stcrekeepers will heeome extinct ond tbe Chinese will be replaced by tbe Jap, who in his turn uiav have to giveplace to the eheape* Hindoo. Th«re is a long train of criiei suffering in all this. The man >rho has Bonk hii hard Siivi;4gg in ;i sfock and building is seldom philosopher enough to obwrve, that the o*priee of the plantation owner ormanager in tba »attar oflabor, i* a t)iWV4MQtttfir ia whkh he may imĀ lit rei«, aod if he be a Portipne or Cbitm& •tordfcaep« > with »'4 of Jepane»e labor ooming iafto hi* <L'ttrict, ii woakl bt wiae £or |

him at oboi to a &ees Jap, belbr« b*nkr«plcy «ad poMakle otATTatioD pYertook Tbis ferme&t to whieh Uie «ngar boBioe«i ha« eiibjected oor hm&m* populalion, strikee at the very root of nation&l prosperity — our very life. In the me&ntime it ie hoped that the poor Ohineee etorekeeper has saved up eaoogh to procuve a horse and haek or get a eet of honee bniiding tooh. To be a Ho» noluiu cab owner or meehanie i* the ref of the replaced Ohioeee storekeeper.