The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1874-05-09
FOREIGN NEWS. Is DAYS LATER!!

By the arrival on Wednesday morning last of the
A.. s. A. S. S. Tartar from San Francisco, we have
dates from that port to April q.
We compile kilograms of interest
WASHINGTON, April 22.-The blow is struck. The
President has sent in his message vetoing the Senate
currency bill. He recommends the boarding of gold
in the Treasury. He dwells ct considerable length on
the evils of an irredeemable paper currency. He saws
that immediate specie resumption would not be de-
sirable. He earnestly such legislation as
will secure a speedy return to SSPPeGaiis pp89TXmHff Ryy viii fl
permit. He regards any expansion of the currency
as a violation of the pledge of Congress. He does
not believe in the theory that paper money can be
made equal to coin. He an increase of
the revenue to meet the expenses of the Government.
New YORK, April 24-The President is in receipt
of congratulatory letters and kilograms from all parts
of the country on his action in vetoing the finance
bill.
All the leading newspapers of New York strongly
approve the action of the President in vetoing the
initiation scheme.
NEW YORK, April 24-the Herald's dispatch from
London says that only one opinion prevails among
the moneyed classes, and that is that the veto will
act benefcially to American credit. Any other course
would have been considered fatal. Bankers, bullion
dealers, brokers and the large money interest gener-
ally applaud the measure. Many persons felt conf
dent that the President would show pluck; otherwise,
initiation, it was generally considered, would break
the principal of redemption. The indefinite post
ponenent of specie payments would have injured all
present Investments, and would result in the total
cessation of the further purchase of securities on
European account.
The response to the veto will soon be manifest in
the increased investments in America securities. The
late depression prevents any very marked immediate
rise, in consequence of the great apprehension which
prevailed when the measure passed Congress.
The Post says that the President has once more
saved his country from a great peril. The veto de-
serves fully as much applause as the victories of
Vicksburg and the Wilderness. The Post says, no
Jonbk ~ -a-4,o1I- Xha IVosE o-l Co,4I.H I'll l.
grateful for the action of President Grant.
The Presidents message, together with the letter of
the Secretary of State and the report of Commits
sioner Steinberger, on the subject of the Navigator
Islands, will be printed, and will soon receive atten-
ton in executive session.
Sir Lambton Lorraine sailed for England April %.
He was accompanied to the steamer by Major General
Hancock and staff and other gentlemen. The en-
crossed complimentary resolutions of the city of New
fore were presented TO him.
Boston, April 17.-GOv. B. W. Washburne was
chosen United States Senator in the Joint Convention
of the Legislature, receiving $50 votes. He obtained
all the Republican votes except 40, which number
was scattered among the several candidates, Dawes
and Hoar getting some of them.
LONDON, April 27.-Senor CASTELAR, has written o
letter in which he declares himself in favor q Federal
Government.
The Grand Duke Alexis is the only member of the
Imperial family, who will accompany the Car on his
to England, ~
LONDON. April 26.-Advices from Constantinople
are to the effect that the Suez Canal difficulty has
settled by NJ. De Lesseps.
BERLIN, April 26.-Emperor William in person
closed the session of the Reichstag with a formal
speech of no general Importance.
MADRID, April ga rumor is current that the
carlists have asked Marshal Serrano for an amnesty.
The English budget estimates the extraordinary
expenses of the Government for the fiscal year of
and 1875, on account of the famine, at Esq.,
1000, and proposes a loan of e42, SOC, 900 to meet
he demand.
LONDON, April 22-Later advices from Acheen
ay the Dutch attacked the Acheenese entrenchmeRt
Kraton, but were repulsed, losing several killed
nd sixty wounded.