The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1856-11-13
Nnr II

LA NOV. 10, ISsa
Mr.. EDIToR-In the Pozyaesiao,, sr'VA
inst, you can find tho following paragranl. ~ VI
Exchange ON the United States rules at to 10
MUM for dollars here, and for the last two or three a. cent b.
symptoms of dropping. lays ass
"At Lahaina money commands a higher premium A..
the difference in the character of bills drawn wbera ,,btrsfngh q.
the captains are controlled by resident agents, . r th ne aedasSs
interested in the expenditure for supplies" dlas,
1t is apparent we think, to any one of oou.
derstanding that the article in question No, 4@
written by a person knowing nothing of the s,a. aas
the market, or, by a "bear" who would like Sa
raise money at the rate he quotes. wig
1t is a well known fact that money has ho,u
at 124 per cent. premium for some time preyiOna
the 9Th inst, by the merchants of Honolulu :
are informed by reliable authority that IL I@
per cent. had been obtained there on the 9Th .ma u
inst, and further, that engagements had been y.
into for money at Is per cent. premium, for H. y"
proximo. Not much like "symptoms of dpoor;.
that. The rate of Exchange at this place has - .
121 per cent. to time of writing. "a
Not content with the regular notice appronr;...
q business item, the writer in the Polyaesiau rs
assail the reputation of a neighboring port 70 hd.
up the falseness of his assertion.
"Lahaina Bills so far from being of q don,,.,
character, are sought for, and by many pres.r~s
and it is q matter of quite common occurreno.
funds to be sent here from Honolulu for the very -.
pose of obtaining undoubted bills. This much =,
know from several years experience. We have vo.
see the first bill come back protested, or to rem,;,
unpaid, that was drawn at Lahaina, or that a,r
Forged Bills have been made at this port.
The time has gone by when the rate of Excban,.
at Lahaina can be controlled by q few "monied morn
in Honolulu, and we hope to be ever able to offer !,
-. hoo rr;oac 1aro. 4. -
at leeward.
AS to our s'Resident Agents., we have some amm,
us; and the insinuation that the masters Of wb.I7
& ships are controlled by those directly interested in
{ 8 the expenditure for supplies certainly could M,
have emanated from any one at all acquainted with
them. They are men capable of knowing, under
standing, and doing, their own business without ta
IS control of any parties. Men of whom His MaaS.
ty declared on q late festive occasion at this place
were contributing no ~unimportant influence on tha
wealth and civilization of the Islands, and to whom
as much, or more, than to any other source, were the
Islands indebted for their prosperity, q compliment
not the less grateful because of its truth. We are
yet to learn that a captain can be : controlled ipO
drawing a larger ameunt Of money to please any mar.
ties, however 6 interested III the expenditure for sun.
plies.o
We are sorry to take up so much room in your val
liable paper, but such q gross outrage of all truth and
Is manifested IN the attack upon the charac-
ter of the business men of this place, and of the shin
who visit us, that we feel called upon in the
name of those SO injured, to repel the SANDER.
Yours &c.,
S. H~oFFMEYER,
WILSON & CoLBURy,
GILsEAN & Co.,
HENRY DICKINSON,
JAS. II. Dow.
We hope the New Bedford papers will. notice th,
statement of facts.
The undersigned certify that they were informed
BY Messrs. I. Spencer, and A. J. Cartwright and 9TH
ers at Honolulu that Exchange was ruling at 12t per
cent. premium ON and about the 9TH inst.
WILLIAM T. HAYES,
Master of Ship Omega.
HENRY p. BARKER,
Ship Liverpool