The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1866-07-07

would not be at less than u per cent interest The
idea that money can be cheap here, while II viii
command high rate Of interest in California, seems
to me absurd 1t Is my opinion that it wiN keep
capital out OF the country. Considerable capital has
been sent here for Investment aud lately for the
first time have seen promissory notes drawn paya-
Die in specie That no harm will be done if people
will take the notes. is not quite correct. Fhe
auilori-3ng such issue would create diStrust ar-'
tend to keep capital away. In California they adhere
20 n metallic currency because they have such an
abundance of gold. and have been accusome to that
@ Si 81 ~ me- ] or d @ arg @ ,i ~ ~, t I IA % t U s ny,
gold because value whereas the value OF pa
Ter CGreeUtlcsl changes almost daily Politicians have called
jhcs- opposed Currency uuptriotic, and ,riei how
Change e laws but The solid a;cl.eut loyal business
e that have successfully -ssrl their cdorts To
drink has nothing d. "i,h the ques
gold currency that tIkn about, ami
those other kinds OF property VIII not answer ' purpose ~
There a constant Of gold from this country 20 China
and somebody import make ,e deh tncy, and
only business makes it necessary
country, gold out when is favor, gold IS
one n tI last articles mai merchants will import because they
vii! prefer those things that promise larger profits BShop
Co have during the last imported $4,000 in specie at
tl,ir eXIense for the use Of t'e immunity M - c,, inf,
det-tat postery should bear part Of the burdens as
don ALL Po-terty vii have its share
Of burdens without our taking pains TO lmp'se @ e @ 81
difficulties from those debts arise high taxes
an, d. t., belle =, That o any n nation a ever yet want ''o 's
understood The Minister Of Finance say. yesterday
5000 900 in notes he could make
$4,000 for in say that at IL per CT
50 arg Tr rtian OF e paper would have constantly
employed that the would b. very small So small th"
were it to he known there would be run tor gold an" the paper
would he deprecated There woul Of course he no profit IN
issuing p"per an qna amount Gi Eo. u 70 % n "a M re-
large shipments Of gold he ordered when the
reserve in the treasury WAS small what would be the conse
quCnces:
share Of the opposed to the issue of
nt T f m ,II Ie for.i to d" what ,pyht appear ike
Gov
deposit gold would ieuand gold again aud he
refuse receive paper take directly to the treasury to be
redeemed.
Minister cheers remarks
from speakers by spectators, in decor or customary in
only appaudng had been done,
hut hal better b. dropped aud requested spectators not to
Vice President many questions
regarding motions, &c., whic! al duly answered.
Minister nanisIf Is the intention Of the House to vote
down the hill. submit %
NJ Varsuy Indefinitely postpone
the bill suspended and the motion to refer to Il Select Com
mit,ee he in order Put to vote aud lost. .. 49,,
Minister Narisny doubted the vote Question again put and
carried Motion refer the bill to Select Commi tee put to
Minister Harris going few remarks, which
hope kindly It has been said hy the last
right receive any knowledge from such reflections
Wnh about written speech viii
speech sorry that brought remarks in
mot from as i wond rnzze snybody's mind In regard to
that will that hope the mind Of Mr. bishop not in such
state Aud am delighted to know That need not trouble my
self about these books as searched them over for information
hoI- that distant dy light upon hln N'iei
viii that reading books profitable Aud let
the bill of Bishop Co Their
-ountersGned by the Government-rathcr
say could not is true;
one another Government stand between
them, the parties could
much satisfaction. IL said that the Treasury could
pay III all its officers. will say that has been
bat does occur people will have submit increased
taxation MIR. Bishop 1t has occurred II then his
better Than mine The last speaker said that
could any money here for 10 when san
fraucc. II 10 Is could b. received would like to
ask him if Francisco than san Fran
,co is Missouri His Mfjrsy's Government have not
brought in this bin for the purpose OF making anything ont Of
O. but with the hope o benefit and Will thank the last speak
r the handsome in which he aine 20 the ovein
caIeU and Individually
merchants think ha the passage Of such hill
you'd rjure em although there who have sail that
asking withdraw it promise that will bring
'ruught in by anybody.
| thank those gentleman helped with their
arguments.
Mr. Kupau in favor Of the notion Minister
night bring n another bl to the effect
Minister of Finance withdraw the hil
Motion definitely pos trone Section together
lil, and carried, 81 to 3.
On motion, Assembly adj 'urned.
S.XTIETH DAY, July 4.
Assembly met at i \.
Vice President Hon. G.. Rhodes in the chair.
On motion Of Mr.. kaapa, Assembly adjourned
i'll T husd day at II o'clock.