The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1884-05-21

empires. u q humble homes, = the heart
tal1 hcue af a---Cs hsr subjects II home.
Of their trskv brethren u the East. and
Cf the Grand Republic q the West. and
u ii Of every nationality OF tongue who
cu- hoECr a nooIe IDEAL molly carried CIT.
rzz workings and theories Of Currency
and Exchange nay % made 70 seem cun-
ri1cHre,f they nay be Illustrated By such
elementary facts and PRINCIPLES that the
ugst LLLI5srI1s cuc understand thsrz No
ere today cu1 urCbabiy be found - say
that n DOES not prefer L ) gold - [. ).
silver CON Standard 1cll-sl; and L ).
silver con u British SoTFreiSrs. valued
AZ : such and BrIllsl S1versiSrs u Ia
w1-zI- silver cui1- Every one h1s Seec
1hlz the values q those cuIns are meas
u-ed By their purchasing power, which Is
II -Ls CrJtzr IrCVg stated II there were
enough [ ) gold CON here 20 10 al the
business wEicn involves payments q
money 10 -Ee ought 10 Cbiect. bot every
che would feel the gum u such i currsn-
(. cv- Those VINO sell for gold could charge
I less fur their goods. and those =hu buy
. would buy more fur the SIue money The
+ CONSUMER. who bears she heaviest lCHd
when rrIcss are hl.gh. would feel the mast
benefit Il low prices. the rvtIilsrs next.
/ and next the wholesale merchants.
The I-rCrEsrs would ind thsir gods
costing less money Il exchange we're lower.
md azrEur-g vuCld then cus5 the exact
{ SUI uliG % send ( ;. gold To the coast.
winch. with Wells. FEgu L Co l. one
per CENT Ct about Il ger cent L oils Of
I exchange were bCU-Es. Other immense
dligaz5a--es would Be tsI1 by the Country
20 l--e. with such q currency. winch dre
/ AZ parent enough upUU slight reflection.
I but winch we VII not now discuss.
we >Ev then that No one can deny. II
| one per1Ips GCes deny. that { ;. gold
I com L. better slaZ any other Why should
/ u Ge lrpC-sC'
I Because Icc.rLEu- 70 tia views q Many
I If we once had enough gold Il would b
I sent away We ID not believe Il would
Z BE- sent Ivuy- f the law required al 90,
/ small payments To Be made II gold. but
[ what II there were iraln By exporters d
cum Of Slv S4u,Quu IN gold eacn yeG-
I L. place would BE- filed b other CON q
/ some Eni and lEar Ind would be { )
I gold Il that were the only com recognized
7 by law except tgr snail Payments. WhC
would -1-rgd1ce the zul6t The exporters
whose -luds ara pHld n gold II they
had To paw enc yer cent for bringing then
. gold here. i1slsud Of selling f1r ) U s uer
cent. bills 1f z1ehanZs or drafts fur L
they wuULd siuqly be taxing money tuu
. one pocket to pU1 u 1uuthar- The EXPORT
=rs are either importers. Ut else euns1usry
7 Of imported gods. and II either ease Il Is
le5szr FIR them Co Icss ) or 8 per cent. Il
elIEEe tlr lEEE experts. and gain It b
cCrrHsrCud-c--iy lower cost 4 thar m
pcrrs. than to Do the reverse. and suffer
thereby rum general depression u al
Lln3s- IT business.
There l. another 7aIId ubiechiJ1 % -
ll-1L-- my more silver currency than /
/. required FIR snail Eralsacti0us. and thai
L that 7 gives % the capitalists VINO ars
NV crEiE5Ed wiki s1zrcIsl1-, tlu uuch II
l1sC-s over our National a-fIIrs. i cuurrr
over financial a1Ilrs. and over EVerv Cut
CONCERNED III financial atEalrs. rum III
kE- -aswu 20 the E1uhlss5 banana mar
cLaCl- which II time would become Tut1l
sradls. Tins fact L eapablzot iamCuztrz
ton
We should say that the proposed goll
. NV would Be- more effective and aeesuta
bic a. small lEaI=rs L Il required paw
mems tJwl I'D $ TO be II g1ld
One result II Carrying Uut the prUpose
Currency rHf1rU VII 81 that. although
11-EL Il the HAwaIIau silver VII BE- .su
on there VII rEnIaIu- We should say No
less than Sa5uLtO, AMI thai VII 10 I1uZs
ls the d=ErEcIalzd cum which L now L. /
WI be II f1L VI-1= with guild because u
4--Et tlr snail EaFl-=uls There can b
I'D Ea-1 way EeHsurH- The currEuey u-a-
Be- LI-galy composed q snail zuI,i- SO. s
and SD bu1 We ca1E0t carry ou5 E1ll
law aad also retain ald u-=e silver to AZ.
Z-Ea1 extent