Hawaii Holomua, Volume I, Number 74, 14 December 1893 — THE FINANCIAL SITUATION. [ARTICLE]

THE FINANCIAL SITUATION.

It wīll perhaps be of interest to those, who think the finan eial management of the P. G. as is either capably conducted or of benefit to the conutry, to ponder over the following figures: Ou Januarv 1, 1893, the Treasury halanee of cash available for Government purposcs was ?279.291.53. January 17th, the Provisional Government took hokl and but little had been paid out in the interval, as salaries for December had already been paid. After over 10 months of P. G. financieriug, we have a halanee of $124,300.14 in the Treasuiy r of whieh about is only available for works authorized by the Loan Act. Against this there is due $189,000 of P. M. G. notes, ?40,0(i0 of Treasury notes, all over due, $30,000 to the bondhoklkrs of the London Loan for interest, and $47,000 and interest to the Kisdon Iron Works in Sau Francisco, due ou the 20th inst. Besides these snms there are uumerous fioating accounts dne to merchants and olhers in town against the various and Bureans. In the same tirae the Bonded indebtedness of the coontry has increased $106,400, and the amount due to Depositors in the Saviugs Bank has increased by over $60,000. The P. G. iu the same time have spent on their Militar\-, tbeir Diplomacy, and their CounciIs over $167,000. or in other words as mueh as they have run the country into bonded and P. O. indebtedness in their term of ofllce. They have used up tho handsome surplus they found in taking office. they have spent all the money from the Crown Lands revenue and if they met due debts they j would be $200.000 more in debt than they are nominally at present and they have notbing to show for it but rotten uniforms, an army of mercenary spies, ammunition, rifles, hum poliee specials and no puhlie works. Wbat man after carefully ponderiug over these fignres taken directly from their own financial statements bot znust ask in horror—are these the results of stable honest P. G. financiering? “To your tents. O, Israeir We*have no part in Damon or his financial roin whieh be bas brooght on the country.