Prince Lot Kamehameha serves as acting minister of finance for two years ending in March.

Cornwallis Island - discovered in 1807 by Captain Charles Johnston on board the HMS Cornwallis - annexed by the Hawaiian government. Cornwallis Island is now known as Johnston Atoll.

A long-awaited heir to the Hawaiian Kingdom is born to Kamehameha IV and Queen Emma; they name him Albert to honor England's Queen Victoria, his godmother.

Honolulu Rifles formed as a military company "for the purpose of defending the property of the town, both public and private, together with the lives of its citizens, against lawless mobs and disturbers of the peace." Its charter is granted by Lot Kamehameha, Minister of the Interior.

Firm of Aldrich and Bishop opens the first locally owned bank in the Islands.

Kamehameha IV agrees to lease Kaho'olawe for ranching to Elisha Allen and Robert Wylie for $505 per year. Read More.

First systematic cultivation of rice.

Expenditures for the Hawaiian Kingdom total $643,098; revenues total $655,866.

$1,090,000 worth of imports arrive in the Islands, exports total $564,000.

Henry MacFarlane imports a portable gas apparatus in hopes of lighting his hotel and other buildings in the vicinity.

All Mormon missionaries withdraw to Utah as a result of the "Mormon War."

First transatlantic telegraph cable laid.

Lincoln-Douglas debates stir further political discussion.