The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1876-04-22
o NJ III
D APRIL ii. 1s1e.

FRIDAY, APRIL II, 1876.
IHEHE has been nothing Of note t~ransPiHug in business cir
els 10 he way % active trade, tie usual quiet nonoiony per-
vadirg ali brsnchrs Of business
I"e arrivals for the weeks have been the yiaetA, German
war vessel, on the 18th from CaIao. en- route 10 China. tho
American bark Coama on the I5th. from san Francisco. q,
route 10 the guano islands, and the American har< Albert on
the 18Th. from Sydney, with Goals Tor the r NJ Co.
Departures sr the same period embrace the Colla On the
lsh Tor HowLtHd's Island, q load guau5 fr Europe; schooner
Bonarza hF Petropauiski, Shre bark Aeors Barnes for the
Arctic, aud schooner Leo for san Francisco on the Ieth; the
latter taking a fan cargo Of domestic produce valued a, s2I,-
2s4I5-
Ad75ces from san Francisco by the CoIoma are to the 9Th
inst, and show no material change in market quotations Of cur
produce a large cargo o. raw sugar had arrived &c one Of the
kehneues' which would enable them to continue running,
whereby il was expected that prices would be reduced again
10 shut out Eastern importations. A sale Of No 1 Hawaiian
was reported at 1Oic.
The principal topic Of discussion in commercial circles has
been silver discounts and gold premiums, in which there IS
quite diversity q opinion. and the question bids fair TO be-
come as FeNed 4 one TO as as it is not only in San Francisco,
but even in London, the money centre Of the world The
Chamber q Commerce met at It's rooms this morning to con
slider the adyisablity % changing the standard Of value Of the
English sovereign again, and TO place the same equal 10 the
American S. 90 piece. A letter from His Excelency the Min
lister Of Finance vas read before the Chamber, asking an ex-
preston Of their views upon the above proposition, and also
upon the aiyisabilty Of an amendment Of the law Of 1872,
To Regulate the Currency" which makes the United States
halEdollar the standard and legal tender In all payments in
this Kingdom A committee was appointed, consisting Of
Messrs u a p Carter brewer & Coz T II Davies, J c Glade
OI Hackfeld & Coz, ] II Patty Bishop & Coz and C C Nc
Lean, to whom was referred the Minister'S letter, 10 report at
a subsequent meeting. The proposition &c place the sovereign
AT five dollars appears very generally to meet with the APP
prevail Of business men.
The March number Of the British Trade Journal, just at
hand, has two very opPortune articles on this question Of sill
yer discounts, and Of making the sovereign and five dollar
piece Of equal values from which we condense the following on
the latter subject:
Practical business men are apt 10 view the Introduction Of
IN International currency as a thing Of the vague future, but a
new step toward the same has been proposed in America.
Congress has been asked 10 sanction the revision Of its gold
coinage, and 10 make It's gold dollar equal to just Is in English
money Two desirable objects would be gained by this
change Il would facilitate International dealings, and by per-
hitting the circulation Teach countsy's gold coins in the two
countries, IL would be a step towards the decentralization Of
English currency. The objections TO
the change are rather theoretical than practical. 1t Is truly
said that the franc is the most universal Of currency units;
there are three times as many people in the world who reckon
in francs as those who reckon in pounds sterling. The franc
system is the best accepted decimal one and its advantages
over the sterling method preponderate in theory. And even
when we get the dollar fitted 10 the pound there will always
be n premium TO be paid in one or the other country, as in all
other exchanges. Money will be al
ways worth more in one country than in the other. But the
change is, on the WHOLE TO be most heartily welcomed, and its
advantages are descenable without looking so very far befores
our noses after all" z