The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1859-12-22

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- 49, NSHpA eusesea t1sr - - - 0n0s, and
~ dudes uerssn - the -andasa ou6 u he Ha-
oHga Gdsefnaens on the MgGsh sovereign. vs $475se-
Mr3gn1eiug Ave pr cent On their invoios But the Col
So refused, A. first, to allow the entry 70 be made and duties
~ - thnt valuation. claiming that the old standard Of 81 80
skoutf Be adhered to for cussosos purposes. This was 50 un-
re.sousbse, hat merchants refused to comply with the require
nr1<vepa 6n.IIy the coHectc~ allowed the entries at the depre-
dnuo rnkes1
= vO.a seem quite unreasonable that the sovereign or pound
a>r1ng should be fixed at - IS for currency purposes, aid
snother valuation be placed on il for exchange purposes. An in
vo&s o. goods amounting to floo can only be required to pay Is
duV, e British gold Is rendered To compel an English merchant
= ~ ia or any other sum over 1--WE Per cent? on us $40
sueu Il eocIs would be Illegal, and contrary to treaties The
GDo>ktou taken BY the Collector is so clearly untenabie, that 1t
bAsb6n yielded, and will probably not be raised again.
~ . more important question may arise in this connection,
nndohn< 10. the right Of the Government to establish a dePreciated
vans en foreign coin. No European Government undertakes to
Ak fouer valuation on foreign coins than the actual mint value
q ednz- II France should FIX the value Of The British
scWBefg1 within the empire at "a IS. IL would very soon create
nrs nouble. A government has the power to fix on the actual
ann1nu value Of foreign coins, bat We question whether any
leEknkicu can give it n right to place it beior such value. IL
srzus q that the old Law, allowing tie merchants to regulate the
valns u coins. is preferable to the new for, il we mistake not,
the Government may be held responsible for loss arising to
nerchan1s from such official depreciation
The past week has been exceedingly dui-no arrivals o note,
eycspt the Frances Palmer from San Francisco on the l6th,
anl . few coasters The Palmer brings a small freight She
vn1 return again during next week
NJ ysAannes Kepeter, which sailed las, week, was quite
sufuute In obtaining passengers and freight. With a deten-
ton Of only i've days, and an outlay Of about forty dollars, she
took in about s120o passage AMI freight money
A new and very fas;-sailng bark, the Comet, has been pur-
chased in San Francisco for the Honolulu route, by Capt James
Smith, for $500 II is said that he had been offered $4,000
for her, but would probably not DISPOSE of her. twas uncertain
shen she would leave for this port
The schooner e. L. Frost, engaged dYring the last season a
. tender to the YeTsoa in the Ochotsk, was sold al auction on
Saturday last as she lay on the beach at Ayan, for $40, Messrs-
&C. A. Williams & Co. becoming the purchasers
In trade we have nothing worthy Of note, except that every
branch OF business Is exceedingly dull The approach OF the
holidays brings out the usual evening sales Of choice and fancy
goods, which thus far have been welattended, meeting good
prices
Eastern Exchange was drawn yesterday At par small
uhaler's drafts command a premium On San Francisco, par