The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1869-11-24
EXCHANGE.

OK the second page Of our neighbor' s
paper will be found an article on Exchange,
in which occurs the following passage ::
The GAZETTE lays stress on the fact that
forty-four ships came into port in twenty
days, or all together Here again it
SHOWS ITS IGNORANCE, as every year the
feet arrives in much the same way, and
the bulk of the arrivals as well as the
demand for coin has always been, as this
year, between the LIST and goth of No
vember;" and on the third page under the
head of AN Hour at the Consulate" the
following passage occurs i" The whaling
feet, coming upon us as it did this season,
inside Of tlCenty days, has taxed the Con-
sui aud his staff to their utmost capacity"
1t will be seen that there is not simply a
difference between numbers of the same
paper, but between pages of the same
issue. We suppose, by the same token,
though the Consul was taxed to his
utmost capacity" the coin market ought
to have remained as serene as a summers
morning.
Now, aOhat are the facts in the case:"
In 1868, the whalers commenced to arrive
On the LIST of October, and during that
month 2S vessels arrived, reporting GAG
barrels sperm, 1885 barrels whale oil, and
254,500 pounds bone. Total value at Con-
sular prices, about $365,OOO. From Nov.
LIST to Nov. 18th, II vessels arrived, report
ing 933 barrels sperm, 1885 barrels whale
oil, and 10000 pounds of bone, valued at
$4,000.
In 1869, the first whaler from the
North,-the KohoLd-arrived Oct. 9th,
Z arriving before the end of the month, re-
porting $50 bbls. sperm, $500 bbls. whale,
$4,000 lbs. Of bone, and 100 bbls cocoanut
oil, value at Consular prices, Sl2l, 900.
From November LIST to November 18th,
81 vessels arrived, reporting 745 barrels
sperm, 32,70S barrels whale, 1866 barrels
walrus oil, and 497,500 pounds of bone
valued at S443,O00. In 1868, IL vessels
arrived after Nov. 18TH of them after
the goth whereas, in 1869, but 2 were out
on the 18th, both of which were in port |
before the goth. The value of the catch |
of oil and bone in 1868, was S688,OOO
and of the same in 1869, 100000.
The foregoing shows the difference
in arrivals of whalers in the years 1868
and 1869, and explains, zoe think, why
bills might be expected to be at a
larger discount this year than last year
money,-actual gold and siiUer coin
being the only thing used in paying off
crews discharged, and in advances to new
crews shipped. When vessels come in as
they did last year, scattering along
through the whole of October and No
vember, the money first paid out, works
around, and serves again and again
whereas, this season, nearly the whole
feet arrived within two weeks, and of
course created sudden demand for a
large amount.
We know nothing about any ring"
and we doubt if any body else does, and
as we have no wish to injure any branch
of legitimate business, shall content our
selves with discussing commercial facts in
general way, and shall not use our
columns to crafty personal dislikes.
1t can hardly be necessary to answer,
in this community, or in any other, COM
posed of men of business, the article from
the Sacramento Bee. published in last
weeks Advertiser and no comment need
be made upon the animus which led to its
republication and application.