The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1859-10-12

~ 90 - oecou rs held on Monday, in refer
Hsss oodn-pdndpany In regard to the late acton Of the
Mlnhssv = Hln.nee in further reducing the standard Of certain
W1eewL NJ Ninisssr has, We believe, only acted within the
euGhn<1y sisen 70 him by the New Code, in section 1886, which
~ hesevtth quote.
sr- 1>s6-An ether foreign coins current in the kingdom.
49, .ish due regard TO ne interests Of the public service,
- whh the consent 81 the King in Cabinet Council, shall deter
uans- q be aifogeth r refused, in his discretion, with sucn
Under The old lsv, which has been repealed, the rates at which
estns were taken by the merchants, vas to be considered the
snndizd - the treasury. BY the new law, this usage Is re-
vsssd-and tie community must be governed by the rates
s1sped b The treasury and at the collectors office There j
svtdentIy some -uneasiness existing in regard to this chanse
and u b clearly for the interest Of the government as
Ue5 - de trading community, that there should be some under
senndsnx between them in respect 10 this currency question IL
vas maintalnei by some at the meeting that the Ninis'er o
Bnanec assured the Chamber Of Commerce that no change In
~ rates Of c'ius would Be made on the part OF the government
without the concurrence Of the Chamber or the merchants
Gold hve-aanc pieces have been reduced by the government
to seven<y-nve cents snd with as iittie notice, silver hve-francs
and other coins. may share the same fate, much TO the desri-
nsnt Of trade throughout the kingdom
News from the Ochotsk whaling feet Is anxiousy looked Tor.
II is supposed that from so to 100 ships are on that ground
Laseseasou, our first news from thence were received Oct T. by
the Corolfne, which vessel reported some 90 ships us III
ally conceded nos that the Arctic feet must tai Deio"i
aver.xe. As a larger number Of vessels are arriving with little or
NO oil than In any previous year. The fact that the ochotsk
meet Is staying out late is the best Indication we could have Of
good weather on that ground-
Mich has been said of late in regard to the rivalry between
coal and whale oils. The following item will show that the latter
IL not likely to be supplanted 50 easily as some have thought
II Is customary to cry up the virtues Of all neviyinvented
articles. but experience is the only safe test as L their VALUE
The hirh ,rics of the coal compared with whale, viii no;
escape oheerrajon:
= A careful experiment, made on the Michigan Central haii-
rod. in regard to the comparative value OF whale ana eoai or,
resulted in showing q great difference in favor OF the whale om,
In running = single train one hundred and three days, one-nan
a the Journals were fabricated with whale oil, consuming zs
nlIpus, costing 20 cents per gallon the other half with coal OIL,
eoosumine n gallons, costing 81 "a per gallon. Tn value OF
whale oil, a compared with metallic oil and waste. IS loo 10
sOo-"
The whaling bark Nera arrived on Sunday from the Archc,
leaking badly. having sustained damage in the ice A survey
vns held on her yesterday, hut the result Of the examination
win not be known till to-day.
The cosssing feet Of schooners, we notice, is very active,
BRINGING in generally full cargoes from all parts Of the islands
re KekaxlnoAi brought down some $1,000 oranges rom
Hawaii, and this fruit Will probably be abundant here for the
pext thre mouths From Hanalei, We notice the arrival Of the
Margaret. With a cargo Of ship timber.
Trade ID improving slowly in town, bet from the other isands
We hear Of a continued scarcity Of money among the natives,
which encourages . system Of credit at the stores, alike injurious
TO he natives and traders.