The Hawaiian gazette., 1884-01-09

HAxAxrA. HAwtu.
knsTcR SSzETTrs-rhere seems to ee desire
existing among cur people to NEEDLE with our
currency and in such away as to make important
changes without las we think making any i'm
provenaent.
Nos, Hawaiian silver eert;hcascsr merchant
GERS planters. and bankers checks, as well as
United States. MEXICAN and other silver coins all
I,xss as money among rs al their face value, and
even the gold coin Of other nations and the Cn1ed
States creenhscks and hank notes Is not Objected
tc here. We reeiye all At its face value and ray n
ort for the same and no Insn has ever stated in
our hearing that he lost money by receivirg th.m
at their face valce. and the late arrival OF Ha-
vSiian coins. viii no douh, take their r,sce
among Is At theiS fsos vAlne if no radical chige
Is made IN our way Of doing business There can
be no advantage 10 business here, 10 have pur
coins here of any greater intrinsic value than
those now in use among Us, as the greater their
value the sooner they VIII so from us. IL hooks
As though our Hawaiian currency was now nnfly
equal fo- domestic exchange, II no, Superior. to
that of the most favored nstea. here all our var-
Gus c1rrsncies are rsls e9s'ii-si. Can any nation
beat that Bat we saanot answer for il hereafter.
If the G0veruuea; starts in 70 depreciate all sill
ve- coius Of less instrinsic value than United
States gold coin by demanding United States gold
eoia for Custom dates, and this peTnicous exam
pie may be followed by others until whole cir
crlAtins medium becomes as Troublesome as Il
ever was in the United States, to the arrangement
OF all business
II our currency is let alone We will have no use
nor p,sco for shavers TO shave cur coins other
civilized countries do. and ne will always have an
acceptable currency supplied Us free BY specuiS-
tors sending the deprecated coins of other
countries. which we can use IN our business rs
measures Of value without loss to rs. and as the
Cinnamon are about the oaly ones that send these
CONS ont Of the country never TO return-we
should not object 10 their wan. of huilion valne.
The Cinnamon would no do1bt prefer United
States sold coin but are under no obligation to
supply them coin of any greater value than those
We Use in our business II we wished to pay debt
in some other country with these deprecated
CONS, no doubt we would be the looser but we
are not compelled 10 act thus. We can sell our
nee and sugar TO creditors for the best money
they have, and pay our debt to them with it.
dicAl chance for the better should be made IN IL.
Hawaii should do what no other nation ever vet
done Though often tried when making currency
for home use.
That is, adopt a complete domestic money SIS
tenn that viii equAliEe the measuring and pnreha-
sing power Of all e-r currencies.
A system, that Will drive out of circulatsta alt
Objectionable currency leaving a-is ne esst % siy
rldff diaosg he ieoplt thus reversing the old law
that obtained under all former systems Of money,
VIZ; The bad always drives out the better q
system that would always supply Just enough cur
reney 70 do the whole business of the country,
never too much or too little, and made of gold,
silver and paper, all Of osr standard value aad
uniform purchasing power.
system, that would prevent ''monsy panicsr
in all countries that adopt it, system that would
there would be money enough for all 10 borrow
and borrowers enough FOR all TO lend.
This money system. Is new, oaly in its conhina-
tion Of old well tried principles Every man with
out an exception that has thoroughly compre-
hended tins system pronounces il practical AID if
adopted Will perform all II claims
Ii has been before able committees appointed by
large Organization, and by every committee, n
unanimous report in favor Of the system was
handed in
Mr. Editor, would II not be prudent and states
mAnlike under the circumstances, for the wise
men Of Hawaii to look carefully into the system
here brought to their notice, and if system of
currency Is to be adopted to take the best that
oilers
The adoption Of United States currency for use
here IS subject 70 grave appTehensions, as it is
well known, thai the currency used in the United
States has been for ages in most unsatisfactory
condition, and If ws set about using that currency
exclusively, We will sabiect ourselves TO all the
annoyances that that people suffer from an i'm
perfsc; money system
Here at present We can pay our debts, taxes. ETC.
with any OF our monies, and the officers will not
as IN California inform US AL over five dollars
must be in gold Rig merchants and heavy deal
ers make the same demand there But small deal
ers and laborers take what they can get and sub
NIT TO shave when paying their larger debts,
taxes, etc. JSo. NJ. HoKSER,
Hhniakua. Hawaii