The Hawaiian gazette., 1884-05-21

Z can E1-lo- & noble 1uea4- Dni,lr cazT1fa OH
I Tn workings and theories Of Currency
I and Exchange rlay he made 10 seem CON
y,lIea-ei. they may l,e Illustrated by such
elementary facts and principles that the
mos. slliiC-aie ozr understand then No
one to-day cz- probably he found to ssy
TIA. ilp doe ndi u7ets- L : gold - | :
silver c-l-. .siluGa7i dollars. and [, ).
silver com u British sove-elcns valued
6, = azcL. and British sove0slEn> u BIS
vs.-5z- silver CON Eve-y one haS See1
. thz. the valueS u those CONS are nleAs
u-e5 ty tLal- purchasing u1we-. whicS Is
. IL tie order shove sisfeS- II there were
enough [ : gold CON he-p 70 dc al the
Q tuSucSs winch involves YsyDe1Js q
/ money. ID one ought o. o5jeci. hg.i eve-y
/ one would lee. tho gam oi sach a curren-
. CT Those who sell for gold co1ls chE-.-e
laSs Tor their goods and ihose who buy
would t-y more f1- the sane money, The
] consumer. wh1 bs4TS the hsauts1 load
vle- rT-lcaS are high. would teel the most
iale1; Js luw p-ces- tae retailers nsxL
and next fla wlC. sssie merchants
TIE llu1-ig-s wOald 6l5 Their goods
l1.ls.z1- st,S money i exchange We7a lovai.
and azcLa--e woaiG tha- c1St the s1Ac:
sum v.16 a. send :. gold 70 the coast.
E.s- cent or at,Jgt L gs- ceni- 4 hills Of
oZalal-a wsoa Sla-1s- olhs- immense
aGys.-ia--g> would b. is.I ty the country
11 large, with such 8 currency. which are
o. parent enough mon slight reflection.
l5-t 7zLlaL We WI lli 1gw discuss
We S1y slsl ilaF ~ gle can deny, no
1-a perhaps does deny. illai [ : sold
c5-l = better than any other Why should
s- d. opposed.
Ez--alsa- a--l1lla- q the views q many.
Z we a1aa had enough gold il would Be
sem sway. We do no; believe II V-olld
b. sent away. i The law -e1ulrsi al IN;
small -1ay--leuls - b ulaie II l-old. hui
What d tla-a wa-a dram by exporters q
r-lu u say S4hlpo n gold escn yez-
Iss rlacs wo1ld be filed ty other CON q
some KIND and that kai W1ul6 he L :
--.l. i l-at were lie only CON rec1clIzed
ly lau. except i1- Slzl payments. Who
would lli-,lUo1 the Eolif The exporters
wL1>1 goods are pll6 II gold II they
had 10 pay one per cent tC- a-llclnE Their
sod la15- instead q selling f1- ) q ps-
os1l. bills q 51oAl1ce 1- drafts i1- L;
tLsy uaclG simply b. taking money tr1-
l1e pocket - I'M n a1oihs-- The export
g-s are s5ihs- importers " else consumers
q imported -cal>- and u s-the- czse Il i
.,s-se- t1z then - lose : q 6 ps- cez-- sz-
cls--g t1- 1lGl- GZpl-lS- AID gam ]: by
1luesgJl5l---v l1ve- cosi q thssr IN
q1-1>- THAI O. Do IL rav5-sc. and Sut5e-
1.lt7sty t-lz -sle-zl depression os a..
sz15s li business
Tba-s i z15ths- vl-ljd 5t5ecH5- % Ne
i.l---l-- l-y -ll-e sl.va- ca-rs1cy than :
required f1- snail i-a-lszci5aas. and tbs;
= llai ii gives 20 The CAPITALISTS w-ho z-e
NV 1-el-iai VliA exercising too much II
1la1ea over -l-- national k1zirs- & cazf-a,
lv5- -la-cll. s-5El-s- aaG cve- ever one
cll-a-llal = financial Affairs. tra-z the
h1--- 4awz 20 tie huzhlaSl b1aE-S .as--
c--E-t- winch Il tine vullE oecl1= l-iol-
s-sh-a. IEzS 5Hc1 = osQEhls q 6s-l1-st-z-
s5a1-
We should s,,y llaf the V-up1sad cold
sz v1ul6 b. -l-a elective and socsvsz-
Be .l snail Gs1la-s Z i required Tlay-
meats i1=- 20 = 90 b. Il -lld
One -asl-t y ,----7yl---- Clf tie gl-0poSed
currency -sia--1 VII b. taEi- although
--1sl q IL HHEa5ls- sllv1- VII he ssaf
l-z- lls-l WI ra-1zI1- we slull6 ~ oos
less l-s- SSS-1lD and Ia; VII Do longer
h tie 6H--az1iaG ON wLlcz i nov = i
VII D. g IL. Tsl1e v5il sold tecszse -e-
g1--lyl i-- sal payments Tle-e CA t-e
~ LllE -sv --lazS---a- he cz--e1cr z-sv
l's -z-ca-y c--pass6 q snail sod Sl0 S
and S1SL t-f We cEzu17 cz.--y u-f d sod
Law AID 4lso RETAIN 1;15 1se silver &c zzv
--1l- tEla--