Ahailono o ka Lahui, Volume I, Number 16, 28 January 1890 — NO CONFIDENCE. [ARTICLE]

NO CONFIDENCE.

The new Times, goverment organ, says tbat governuaentbonds,6 per cent. issue, 1886, were so!d at 108 and exultantly closes with the exclamation, no conJtcUnce t Well, good ftiend, you evidently know very little about stocks, bonds and valnes, and a little information will be of use U. 8. Bonds, 4£ per cent. were quoted in New York at and 6 per cent. U. S. , redeemable in 1899, quoted at 126. In London, thē British 3 per cent. consols are sold at 97, and in Paris the 3 per cents. are atBB. This brings the value of unredeemable Hawaiian 6 per cents. free of taxes to over 140, according to New York values;to 176, according to Paris values, and to 194 London values. Consequently wbat ean you eall the state of a market in whieh you ean buy for 108, what ought to be worth between 140 and 194? No confulence in the present government, eh?l!

—Our eawlMaie* art required U> promolc and d-/ai<l all measur€Bfor ihi adeanlage of ike workin<j eiew*?/».—Natioiial Rc(orm Flatform. We arp sorry tbat an unintentional injastic6 was done Mr. Henry Wat©r* houae- thiOTigli a short artiele whieh - appeared in_our of yosterday. The ariicle rekasecL to was a olipping for office refei®ee taken from another paper, an inadver* tency of our w&s pnblwhed in OUr clipping $at i , certa|bjß)n. yeraation had ,tak#n plaee bet*een Mr. Carter and Mr. Heniy Wtfterhoaae in r<?gard tp bnying votes. A» the National Herald make» it a mle to publish nothing wiihont ptoof back ol it and aaihe elipping referzed todoesMr. Wa^houae^neL,injui*tice and waB pab!ished uointe!itioi!aUy, we haaten to make oar journalißtio record consistent by publiBhing thes« facts.