Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1884-03-22

abroad; money remitted to aged rela
tives and to absent wives; money spent
for education Of Hawaiians abroad
money sent out of the country as
premiums, marine, fire and life { We
have no local companies J money sen,
abroad to pay interest on debts owed
out of the country; money paid to
shipbuilders in California or the East
ern States for the inter-island steamers
and schooners purchased last year,
But does not some OF this money
come back to us when our people re-
turn and when visitors arrive? DO not
menofwar and travellers import gold
on which we receive the proft'' Yes,
but that is fully Offset by the expendi
lures of our own travelling army"
Yet similar causes operated in
former years, when exchange ruled low,
ventured Telemachus. "That is very
true. And the immediate cause of the
present high rate is, of course, the i'm
portation of the Spreckels silver. The
present glut might have been avoided
had the government possessed courage
and common sense They could thcr
have bought Mexicans, recoined them
made that profit and worked no dis
advantage to trade At present the
currency candle is burning at both
ends. The government has lost the
profit it would have gained by coming
the new silver itself; and has also
lost the import duty on all the coin
brought in. In the meanwhile, the
dear people who must ultimately pay
for the candle, don't like the light"
The yellow beard Of the sententiou.
Midas fairly glowed in the mellow
radiance of the sunshine that streamec
in through the western window. Tele
machlls bowed and Midas smiled
Then they parted--the one wishing he
were so wealthy and SO wise as Midas
the other, that he had so obedient a
liver as had Telemachus.
When the truth-seeker re-entered the
editorial Office of this chaste family
journal, he found look of calm, con
templative satisfaction on the brow OF
the editor-in-chief "Young man, said
the Nestor among Honolulan editors
in-chief, we have converted the 'Tiscr
Listen: 'One way of mitigating the
condition of things presents itself. The
government has been calling in foreign
silver coins which have for some years
been allowed to pass current here as
dollars and quarters. This has beer
done very quietly, but already there is
an accumulation of these coins in the
treasury large enough, if shipped away
as bullion and drawn against, to mod
crate the rate Of exchange at once
The universal sense of the community
is that all this foreign coin should be
withdrawn from circulation at the ex
pense of the state, since it was the state
itself which gave it position and cur
rency. One Of the first things that the
Legislature should be asked to do is tc
legalize action of this sort. If this be
done, we may, within very few weeks
see favorable change in the position
of exchange
"ls it not truly touching-this change
of heart There are passages have
not read which breathe the venom OF
the premiers hate. But, as whole,
the doctrine of this article-borrowed,
body and boots, from the arguments
of the Saturday Press--is the soundes,
bit of economic writing that has made
an oasis in the desert of the Users un.
intelligence for many day. Forgive
the halting metaphor. conclude
'The country will have to sustain loss
on the Mexican, French, Spanish and
other pieces which are current as money
here. The only question to be settled
is whether the state or the individual
holders Of the coin shall be saddled
with this loss, and we cannot doubt
what the answer of the legislature will
be to this question. Whether wisely or
unwisely, the legislature has rendered
them superhuous by establishing do
mestic coinage. individuals ought not,
and must not suffer for these Legislative
acts, and, as things now stand, it is evi.
dent that double benefit will accrue
from having the thing adjusted quickly
and this surplus coin exported to the
best market that can be found for it,
1t is said that Niu, on the southern
side of this island and within this taxa
ton district, is to be, by purchase, lease
or condemnation, set apart for the uses
and purposes of a lazar-house for lepers.
This seems almost an outrage to any
person familiar with Waialae and
Wailupe, on the road to Niu, and with
kuliouou beyond, and the possibility
of their becoming charming places fol
country homes when transportation, q
not very difficult problem, has been ar
ranged SO as to bring them within cas-,
distance Of this city. These localities
combine both valley and seaside seen
cry, and to put leper asylum there
would be to destroy vested rights. II
we owned land in either Of the places
named, We should protest against thi.
action OF the board Of health. What
need is there for this action1 Or i.
he Of unsavory mutton memory, pro
jecting new job in the interest Of
well, not the unfortunate leper 2
The Flowerdew tramway claim seem.
automatically, at least--pau. I, i.
suggested by the tender hearted Ad
vertiser (Gibson,) however, that III.
legislature reimburse Mr.. Flowerdey
for his actual outlay in the matter
Unless il can be shown that Mr.