The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1866-06-23

x We would call attention to q most I'M
rorJant document. on our FIRST page, being the
report Of the Committee on Schools to the Ha-
w4iian Evangelical Association. recently in seS-
sion in this city. Practically this document
amounts to a PROTEST against the policy OF the
Board Of Education, and the ssctarian conduct
Of the School Superintendent, Mr.. Fernandez.
II the Government i determined 70 ignore the
existence Of the American portion Of the COM
munity. and ostracise them and those who pro-
fess the Protestant faith taught by them, whether
they be foreign OF native born-it the whole
system Of education can by it be entrusted only
- d bigoted Reformed Catholic clique-au We
have - slv Is. let those who feel that their Pc
lit.cAl rights are t~rampled on remain patient.
There i a point IL which forbearanee ceases 70
be 2 virtue. The only alternative. for The pres
ent, i the somewhat expensive one Of establish
ing schools and supporting them II private ex-
rense. a the Evangelical Association have rec
commended.
Departmental bureaux are not established to
favor and build up any new sect 10 the prejudice
aud injury Of older ones, and when its officers
DEPART from a strictly impartial line Of policy,
and allow of oppression for opinions sake, it is
time 70 pause and consider how far such policy
can Be safely pursued. If the Board Of Educa-
ton or Its officers stand in the attitude of open
hostility 70 q portion Of tie people, Is alleged
By this report, Is it too much to ask that = new
board and new officers be appointed?
- We understand that the bank note bill
has been changed by inserting the sum of $780,
600 in what was left as q blank amount Of cur
rency 10 be issued. and that one of the Repre-
seutatiyes Of the city Of Honolulu has signifcd
his intention Of supporting the bill. We cannot
credit any such rumor, and have merely TO add
that any Representative who may thus oppose
the well-known wishes of nine-1enths Of the resi-
dents and business men of the city he PROCESSES
to represent. and in defiance Of a petition from
them TO the Assembly against the bill. is unwor-
worthy of their confidence or support, and oblivi-
70 tie moral obligations resting on him az a
Representative.
The principles on which the bill rests are not
changed in one iota, whether the amount Of
or $500. OOO-the evil is the same in either case.
though the injurious effects Of the issue may he
in the former. In the New York CORE
spondence Of the Alta, Of a late date, We find the
following very appropriate remarks, equally ap-
here:
Suppose banks we're established in California. and within the
r=N- year they should emit enough uot.s To- d .uble TIE amount
e tie circulating Northumberland the amount Il gold aud sill
veT in circulation on the coast TO be twenty millions, and that
tHis sEu3 j. required u transact tie business OF your section,
aaI rlat these banks should issue twenty millions IN their notes
tEe i.st basis. viz. payable in com upon d-mand-uow
DO orc wUl deny that the result would he AN initiation in tie
q everything. What the advocates q hank notes want,
j.. plenty % money. high prices uf labor. aEi All merchandise,
speculation N stocks. and everything else would eusue- Now,
v hen money l. =gfTtI TeETl- -g~Tl ITFr- tMl furytsgr
~ouli te tth0Ded. aud rew furniture bought, and a new house
.tr-';-rs and horse races literally patrOnized, AID more
- and wines drunk.
This would he pleasant while IL lasted. especially to those who
l! MT see TIE end 81 il but a.. notwithstanding. there would
BE- 5000" 900 Of circulating medium il the country At the start,
My $4,000 600 Of il would b. coin. and :he extravaganza en-
Tor '.rriEn aud Eastern goods, AID a tho bank notes would
lot b. received in payment for these goods. tL- gold coin would
axe 81 place, and very s"un it would disappear. Then what
gould b. left fr the banks TO redeem their notes with. Bank
u-Trusiou 10y the banks, would result not a dollar in coin
uu.i BE- obtained To- pay our Eastern or European debt-our
merchants would fan. ike grass before the scythe-ey-ry indus
rial pursuit would he suspended. and then the inevitable result
( oy-rraijn-. originating in cheap credit. would affect every
Individual. With the Eastern states. they have a variety Of
ro!UctS which can he exported, while We have only thu metals,
nj sometimes grain. When a crash occurs in the Eastern
;atcs. down 20 prices for everything. and then eNportable com
oddities can he bought up and sent abroad, ia Iu 81 gold AMI
re-Sive weight Int = coed not export an article, unless
(aud that might NOT BE- III excess of home wants. until
fur the slow accumulation Of gold AMI silver from the mines
hrst supplied the channels 't domestic trade with the twenty
llIcns az dollars Of which they had been drained. For one. 1
lDud G~sd the effects ~ "A bank paper currency in California.
n the Eastern states they are disastrous enough. hut with Us
Fey would continue longer aud prove more prolific ~ suffering.
communities with u are not 81 we'll orEauiE.d-at least out
the large citirs-as tIey are in the older States. and proyis-
is no; 50 generally made to relieve suffering a. there.
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