The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1864-02-27

In Arkansas, Louisiana and Tennessee, it is prob
able Conventions will soon be held to canvass the
subject to organize loyal Governments. and to take
measures to bring out a sufficient vote. As the Fed
eral arms progress in Texas, too, the matter will be
agita,ed.
The IRISH EMIGRATIoN.-The large and continu-
Gus emigration from Ireland to the United States Of
America is naturally attracting a considerable share
Of attention. Week by week, and month by mouth,
the people leave for New York, some in returning
grain ships, some in steamers, some as stow Always,
as fast as opportunity serves. Nothing will stop
them. Emigration has long been the Irishman's
favorite recourse; but now it is national passion. Of
course, this is not a very pleasant spectacle for
Englshmen. We, who have relinquished home poll
tics in order to be freer to advise the governments Of
the world in the management of their affairs, have
the modification OF seeing the very shores of the
United Kingdom abandoned, sometimes with n male
diction, by our own people. Explanations, however
plausible, can do little to reconcile US 10 the fact.
We have been accustomed to repeat that a country
from which people are anxious to escape must be
badly governed. Now the test is brought home to
Us, and foreigners are saying, Physician, heal thy
SELF" Ii is the best portion of tue Irish population
which is leaving us-the young, the hale, the hope
full, the energetic. The strongest influences are weak
and Intellectual before the all engrossing thought Of
America.-London Times, Nor. 9.
The MONEY MARKET FOR 1s63-The record Of
the fluctuations IN the money market, here and in
New York. are worthy of notice, as they indicate
tolerably clearly the feeling of the country under
the influence Of national successes or reverses, and
as a whole, show a deep felt confidence in the per-
manency of cur national institutions, as illustrated
in the wonderfully well sustained market value of
the paper currency issued by the Government. in
spite of it's enormous and ever increasing volume.
On the first of January. 1868, gold was worth 334
per cent. premium in New York while our brokers
purchased Legal Tender Notes at S21 cents. selling
again at 1891. would be about 70I cents, so that at
that time they were bringing considerably more in
this market than in New York. On the 26th of
when things looked decidedly blue for the
National cause. gold advanced to IS per cent. premi-
um in New York, and Legal Tenders fell in this
market to so cents on the dollar, which would be
equal to 100 per cent. on gold. This was the lowest
point ever reached by our paper currency, and since
that time the fluctuations have been less marked,
while the rates have materially advanced. On the
18th of August, the demand for Legal Tenders. for
the purpose Of meeting Federal. taxes, caused them
to advance to 05 cents-the highest point reached in
1868. At this rate there was one sale on Montgom-
cry street, on that day, of $50 600. After this.
demand fell off. rates declined to the vicinity of 20
cents. above or below which point they have not
materially advanced or receded down to the present
date. No other nation has ever been able TO thus
sustain the value of its paper currency, under a
pressure in any shape comparable to that which our
own has had to bear for nearly three years, from
traitors in arms at home, and enemies more danger
Gus, implacable, cowardly and trescherous, in the
disguise of pretended friends sbroad.-yAita, Dec. 80.