The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1866-07-14
THE PACIFIC
Commercial Advertiser.
SATURDAY,, JULY IA.

81 DhDA 4, JDLI IL
The persistent and supplementary efforts
made TO resuscitate the paper money bill, which
was defeated last week, lead us to make furthe
comments on the subject of currency, and in
recurring to it, we cannot but admire, as we
always have admired, the fortunate condition
of the Hawaiian Islands.
Possessing a salubriOds and equable climate,
removed alike from the extremes of heat and
cold, with a temperature calculated to develop
to the fullest extent animal and vegetable life,
our group may be considered blessed over every
other portion Of the earth. The soil is Of extra
ordinary fertility. In the language of a quaint
writer, I" wherever you tickle the ground with
a hoe, it will laugh with u harvest" All the
productions of the tropics, in gorgeous flowers,
delicious fruits and edible vegetables, grow lux
uriantly, and if not spontaneously, at least,
with little labor or cultivation. Side by side
with the refreshing orange, the golden banana,
The blushing promegranate and the prolific mango,
flourish the apple, the peach, the grape and
other fruits of the temperate zones. The escu-
Tents of every climate abound in our gardens,
and our fields are adapted to the culture of
every product of home consumption, as well as
Of commerce.
Our soil is peculiarly adapted to the culture
Of the great staples of commerce. There is no
limit to our capability OF agricultural produc-
ton, in the great diversity of products. From
the sea to our mountain summit, we find a soil
and temperature that will grow and perfect all
those articles which find a ready market and
give activity to commercial enterprise. Sugar,
rice, coffee, tobacco, cotton and potatoes, here
find n c~ongenial soil and climate, and their
production is limited only by the inadequate
amount of labor We possess yet they yield rich
and golden returns.
Our products are the best bank to draw upon
they give us currency. They constitute a capital
that is always increasing, in proportion to the
amount of labor employed in their production.
Give US Observation-Disclosures, and wealth will
flow into these Islands in a golden current, in
return for our great staples, and net M the form
of unSubstdntidi paper representatives. of currency.
In our fertile soil and genial climate, we have a
more certain and inexhaustible source of wealth
than a. the treasures in the golden glens and
sparkling quartz lodges of the great mining re-
gions OF California and Mexico.
In taking a retrospective view of the nations
of the earth, we find none so favored as these
islands in the great ocean. The highest material
blessings-Peace, plenty and prosperity-ar en-
joyed by our people. Then, as far as it regards
intellectual and moral progress, we are not
wanting. Churches and school houses rise in
every direction to meet the wants of our pOpu-
~lation, and the advances made by our native
scholars, should cheer the heart of the philan-
thropist. All this has been effected by a metallic
currency, and the energy of our people.
There are no 6cggarS an ME land. For every
man who labors, there is abundance. Although
we have no enormous capital, nor overgrown
wealth among us, yet there is no country on the
surface of the globe with a similar amount of
population. where wealth is so generally, and
we may say equally distributed, and where
the people are So independent. \ competency
is universal. Real estate is more generally held
and distributed among the mass of the people
in the Western States of the American Union,
than anywhere else in tine civilized world, and
Yet we Will venture the assertion, that there
are more independent land holders in the IIa-
waiian Islands than among an equal proportion
of the most favored population in any State
of the American Union. IL Is hard 20 find a
native Hawaiian who is not Il Land holder and a
producer.
They all live comfortably. None lack the
means Of subsistence. The sea which laycs tire
turf around their island homes. furnishes them
with fish, and their land yields them rich pro-
ducts, in proportion as they labor. They not
only cultivate products for their own comsump-
ton, but they raise them 10 sell. They all have
for oyTegcy-hard money, gold and silver. and
not ShiHPiasters- They never knew any other
kind Of money-they want no other. They
have the same = holy horror" for paper money.
that thew have for snakes.
Then again. the laws arc equal and just
in the protecting influence which they throw
around all classes of its subjects, whether native
or foreign. Notwithstanding the incpmpetency of
the Ministry. Liberty is guarded by law. The
nation Is also prosperous at peace with all
world - and the rest Of mankind, and with a
of two hundred thousand doIlars-not
shiHpiasters of doubtful value-in the treasury.
What has produced all these benefcent re-
suits? The curreHey-the Hawaiian hard dOHar
cuTrency-the only true standard of value and
the only basis of commerce and trade.
These Islands have grown into their present
Importance on a specie currency all their bust
ness has been transacted on that basis. Their
Importance and have grown and been
developed with the gradually extending and de.