The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1869-01-13

XVII AIQ cttNCT 70 NuC HNtUuC> VI tFa0c ul1N "
invited. and the demand created which viii
cause the retention. AZ some time al least. ef
50 much Of the predictions Of cur rich and in
exhsuStihle gold-bearing fields. as may be suf-
6eisn, for the purposes Of circulation. Ii IS
unreasonable 20 expect TO return TO = sound
! currency, IS loPg as the Government Banks,
I BY eontinaing 10 issue irredeemable notes.
with chances Of circulation with deprecated
paper. Misunderstanding the coinage Of our
minis since lS4s. Of $S5s eco. the people
are now strangers to the currency which was
Z designed for their use and benefit. and speei-
mems Of the precious metal bearing the nation
al device are seldom seen. except when pro-
/ dueed to crafty the interest excited BY their
neveity. If deprecated paper Is to be eoutin-
Ged as the permanent earTeney Of the eonn-
( try. and all the coin is 10 become a mere arti-
Gle Of trsfse and speculation. 10 the enhance
nent in prics Of all that appurtSins 10 the CON-
I fort Of the people. il would be q wise economy
/ 10 abolish oar min;s. thus saving the nAtiHn
the care and expense incident 10 such estab-
( hshnents. and to let all eur precious metals
I be exported in bullion. The time has come.
however, when the Government and the Ma
I tionsl Banks should be required 70 take the
most Efficient steps. and make all necessary
arrangements for the resumption Of specie
I payments. let specie payments once more be
I earnestly insngurated BY the Government and
the banks. and the value Of the paper eircula-
Z iien would directly approximate to specie
Z standard. Specie payments having been re-
( sunsed BY the Government and the hanks, all
notes on bills Of paper. issued BY either. Of
less denomination than SO. should BY law be
excluded from circulation. 50 that the people
may have the benefit Of a gold and silver cir
ealatiOn. which. in all their business transae-
I tons, will be uniform in value, at home and
abroad. Every man Of property or industry
every man who dssires 70 preserve what he
honestly possesses, or to obtain what he can
honestly earn, has a direct interest in main
tanning as circulating medium. such a medi-
UNI IS shall be real aud substantial not liable
u eFap0rate with public opinion. and subject
TO be blown un or down by the breath Of spec
ulation. but to be made stable and secure A
disordered currency is one of the greatest po-
htieal evils. 1t unierlnines the virtues neces-
sary for the support Of the social system. and
encourages prcpensities destructive Of its hap
pincss- II wars against industry, frugslity
and economy, and fosters the evil spirit of ex-
travaganee and speculation. 1t has been as
serted by one Of our most profound statesmen.
that OF all eOntrivsnees for cheating the labor
ing classes Of their manhood. none have been
more effeetual than that which deluges them
with paper money This Is the most efeetual
Of inventions to fertilire the rich mans fields
BY the sweat Of the poor mans brow. 0rdi-
nary tyrrany aud oppression, and excessive
taxation. these besr lightly on the happiness
Of the mass Of the community, compared with
fraudulent currency, aad the robberies com-
mitted BY deprecated paper. Our own history
is recorded for our own instruction enough aud
more than enough Of the demoralizing tenden-
ey; the injugtiee and the iutolerable oppres-
sions on the virtuous aud well disposed, by
degraded paper currency, authorized by law,
or in any way eountenaneed by the Govern
meut- 1t Is one Of the most successful devices
in times Of peace or war. Of expansions, or Of
revolutions. to accomplish the transfer Of all
the precious metals from the great mass of the
people into the hands Of q few, when they are
boarded in secret places, OF deposited under
bolts and bars, while the people are left to en-
dure all the Inconvenience, sacrifice and de-
moralization. resulting from the use Of depre-
eiAted and worthless paper.
OUR FOREIGN RELATIONS.
NoimpOrtant question has occurred dur
ing the last year in our accustomed cordial
and friendly Intercourse with Costa Rira,
Guatemala. Honduras, San Salvador. France.
Austria, Belgium, Switzerland, Portugal. the
Netherlands, Denmark, Sweden aud Nor
way, Greece, Turkey, Persia, Egypt, Siberia,
Morocco, TripOli, Tunis, Muscat, Siam, Bor-
neo aud Madagascar. Cordial relations have
also been maintained with the Argentine and
the Oriental Republics.
THE PARAsUYAS AFFAIR.
The expressed wish of Congress that our
national good offices might DC rendered TO
these republics, and also TO Brazil and Para
quay, for bringing 10 an end the war which
hIs 50 long been raging in the valley of the
Ia Plata, has bcrn assiduOusiy complied I
With, aud kindly acknowledged by ali the /
belligerents- These important negotiations
have been thus far without important result /
Charles a Nashburn, late United States /
Minister TO Paraguay, having resigned, and 4
being DESTROYS 10 return to tine United States /
the Rear-Admiral commanding the South /
Atlantic Squadron was ordered 10 send a 4
shileof-War 10 the capital of Paraguay to re-
ceiye MT. Washburn and his family and re-
move them from a situation which was rep
resented to be dangerous by reason of the /
iactiOUs anu foreign war. The Brazilian
Commander Vt the allied invading forces re-
fused permission to the Wasp 10 pass through
the olockading ieet, and that vessel returned I
to its aecustumcd anchorage. Remoustrance
having been made against this refusal, il was
promptly ovefTaied, aud The HdSp thereupon
resumed her eTrdud, received Mr.. Washburn
and conveyed him aud family to a safe and
port In the mean time an ex-
cited controversy had arisen between the
President Of Paraguay and the late United
states Mlll.icE. WHICH, UNDERSTOOD.
grew out of hi> proceedings in giving ASYLUM
in the United States Legation to alleged enc
mics vi that republic The question Of the
right 10 giVS asyium Is one always difficult
to determine, aud IS often productive of
great embarrassment in States well Organized
and established Foreign Powers refuse
either to eOueede or sxeFsise that right, ex-
cept 10 persons actually belonging to the
diplomatic service On the other hand, all
such Powers insist upon and exercise the
rights Of luuI in States where the law OF
Nations i not fully acknowledged, respected
and ob-yed. The President OF Paraguay is
understood TO have been opposed 10 Mr..
WasbbuTus proceedings, and brings against
him the injurious and very improb- Die charge
Of personal complicy in Instruction and
treason The correspondence however has
NOT yet reached the United States Mr..
Washbnrn, in connection with the coutro-
Tersy, represented that TWO United States
citizens, attached 10 the legation, were arbi-
tarily seized AZ his side, when leaving the
capital Of Paraguay, and committed TO prison
and there subjected to torture for the pur-
p,sse Of procuring confession of their own
and testimony 10 support tue
Presidents allegations against tile United
States Minister STR. AcNasou, the new
Minister "a Paraguay, hsying reached the
La Plata, has been instructed to proceed
Without delay TO Assumption, there to in
Tcstigzte the whole subject. The Rear-Ad-
mirsi Commanding the United States south
Atlantic squadron, has been objected to at
tend the new Munster, with prnper naval
force, 10 sustain such just demands as the
occasion nzy require, and 10 yindicate the
rights Of the United States citizens referred
To. and Of any others who may be exposed to
danger in the theatre Of war. With these
exceptions, friendly relations have been
maintained between the United States and
Brazil aud Paraguay.