The Hawaiian gazette., 1880-07-28
The Currency.


M E11roE.-Pe-haps there are TOO many en-
Crossing matters nov occupying the public mind
q aE-nif q nv beng heard again on the Currency
Caes-ian- bur ! ulu make the attempt / think
shs Fttlng q the 10 per cent duty on silver ON
! r.1- zr-lrlur the proper rsmedy- This measure
rnnr discourage tine shipment Of Mexican dollars
r q il ull not tend to bring gold here Nor do !
thz1E shat. win the present law, gold would have
sirroa Il circulation. even Il had been imported
- 80 sans extent as silver during the past year
ard II piace % - The mischief Is made by the
las itsa1 winch allows the legal tender of Silver
40 $, large an amount as $50 Even If the law should
tps ErrEnaHd placing the tender IN Silver at $40.
and Ia cnld Tor al payment over tins, the law
Eulld have o. he enforced by common consent OF
Eulld be useless To show the power OF pubic
rs-iti1ul.ut ] have observed II the United States
tilai When trudeslnen pass YOU one OF two Of the
s-1n11-1 dollars hr way 81 change they invariably
Hrrurlnluv them with the ap1iogetic remark that
tley have no small bills and hope Z wall not IN
cunveuience the Customer The law IN the United
S-z1es has made the Standard dollar legal ten
a. frr al TllTrueutS-huf the people VIII not take
rhs-r and -ilev 60 from the Mint TO the vaults of
z1e >lb-I raasllarF and there are now over $40
1uns Of fhe-u IN store A large firm in Boston
to1 ne they have received bat three Of these dol
lzrs s-lre their coinage was authorized.
T'he lnu cn-rremplaies the use Of Silver and
Cos i-terchaucea5ly A double standsrd-but
zs people adhere 10 the single and persist IN using
u-lir gu-o fHu1 paper reasonable IN gold and
silver ualv for CHANGE In tins Country at present
N7rE NuENfliQ oar hitEtF- NOV II
sau1us s. expected thai We snail return to gold
cz-szry until those who manage the business of
IRE cunrv So rs deSira beness and ask for II IN
eE-nest FOR tins reason i WAS considered hope
less infinite any legislation on this subject at
TINS Session OF the Legislature. The practical
business men of Honolulu - must be first con-
rtuael tlEl s-lrer- a. an o1ly medium OF clrcula-
-l1- j. harden TOO grlevols 70 be borne before II
car he expected thzf the necessary reform law
czn be passed
NJ Dawes savs gold has not been at 3 per cent.
or m-r other premium ] credlbly Informed
thEt ) rsr cent was offered one man for his gold
and th1i other instances the gold was not TO be
hal q slF premium when II was asked for. Let
o.le al EE- II me expense Of shipping gold com
- SEn Francisco be- ! per cent Tor freight and
i PEI cent Tor Insurance, exchange Is at per
cert and ~ Pc cent premium, unless 1t be true
1huf gold IL not oht2lnatle for export at par
czunot SO much wisdom IN Mr.. Whitney
sucres-iol that the ~ Certificates OF Deposit for
rsuio ueplacf thnse circulation. which call foi
Silztr Tins EoEid not be effectual. The drain OF
gold ahr01d would continue 50 long as Its active
employment the medium OF circulation is moi
cgnpslia5 ~ las and the Law enforced by common
c1lsz1t II gold were MADE legal tender Tor the
rslrn,ei q al amounts over So il would then be
Nise 10 issue Certificates OF Deposit representing
caid--t1- paper \ more CONVENIENT TO handle
thar csIz- Bur without change IN the law, the
90 nuif agHtEr ruuid Drain the gold ana the gold
vuzl2 be tEpsrted precisely the little gold that
lel-Es cot slte the community from the circle OF
erc1z1et h=iEe=n the Custom House. the Bank
ard ~ lrezsu-y i nov exported Inc gold nov
lr11c lcie IN t1e Treasury gives feeling of con.
1iazse % -he community. bat / would much pre-
Ter 70 hzve q and much more doing its Legitimate
duty ~ the active circulating medium of the
ESErir1- Yours dc. A z. JUDD.
Enzoiziu Jaiy 24-h. lsS0
7Tlle-e can be no matter too engrossing to ex
cln5s cansldersti0n Of our currency question l
is absurd % t-v 10 place values on coins which
thpr do not have and we think II Is a serious
uais-AEe 70 undertake 70 regulate exchanges b.
C'Ee--ralElnc cuin--ED-l