Saturday press. [volume] (Honolulu, H.I.) 1880-1885, 1885-02-21

the conversion OF coins not in the treas.
uty only this and nothing more, Now
We are told thitth agreement carried
IN Il sufficient viciousness and illegality
10 be rejected Ut sight" In luatiee to
McsTs Bishop q Go II should be
said that they formally withdrew from
the proposition 10y letter 10 the commit
tee Of the chamber before the ministers
had signihed to the oommtte that
they could not accept the agreement
Vide letter below
nANKiNG lIousf of nisuor a Co, |
Honolulu, January !, 1885 J
Me'sn, J. o. Carer, J Lyman and rhos r.
Walker Committee u Chamber of Com.
mercer
GrNrlENrHi Having week agl adopted
memorandum of proposed agreement recon
mended by yourselves 10 be submitted to the
government, and having 10 hr received no
definite reply to the same, We now feel com.
PEELED In justice 10 ourselves N wthdnw IL.
II is evident TO US that controlling influence
In his maIesly's cabinet H. without any good
reason, so inImienl to ms that public Interests
may br preudIecd hy your ed1us To secure
relief by any cooperation Of oug with the
government
You know that We have moi sought for any
arrangement Tor our private advantage, but
have been willing 10 so all that seemed safe
Tor ourselves and those having business with
ua, towards removing the inconvenience aud
danger caused Ivy the excess Of silver coin
(which cannot be used except In small sumsl
and the deficiency Of gold coin 10 take lls
place and to carry out the law.
We remain yours respectfully
(Signed) BIsnor 4 Co.
The committee OF the chamber oi
commerce were convinced that the feel
ing OF the ministers toward Bishop x
Co. precluded any possibility Of any
arrangement being effected.
Persons needing gold for business
were now compelled to ask for the re
demption Of certificates and soon the
balance of gold in the special deposits
grew smallernndsmallerand still the min
isters took no steps t) replenish the de-
posts with the much needed gold but
with colossal stupidity closed the only
channel through which they could hope
to receive 1t, by accepting silver coir
for duties, taxes and other government
dues the acceptance Of duties in sllvci
being in violation OF solemn treaty stipu
lations.
K0katioa Of haw nnmbey I6nr!
THIS action naturally alarmed
the holders Of certificates and demands
for gold grew more clamorous T; bu
Bishop & Co. drew comparatively littl'
of it. The ministers can prove thu
truth Of this assertion by publishin,
its list of those who drew the gold, anC
if they do so promise the public I
startling revelation OF who the conspira
tors were, about whom the ministeria
organ prates with so much indignation
To add to the confusion that nov
reigned it was openly stated that th'
registrar Of public accounts, acting un
der instructions, had not cancelled tn
redeemed certificates, although section
IS, Of the currency act says "All silve
certificates so redeemed shall be can
celled by the registrar Of public ac
counts" Moreover, it was said tina
the silver collected for government due
was placed in the special deposits AM
the redeemed certificates re.issued
This was hardly accepted for truth a
the attorney-general had promised tn
committee Of the chamber Of commerc
that the certificates should be cancelled
when the chairman Of the committc
said to the minister that the redecme,
and uncancelled certificates then in tn
treasury were standing menace to tn
community.
When it was ascertained that tn
gold against $s84,ooo of certificate
was reduced to $oo,ooo--of whic
$50, 900 was pledged for coupons o
government bonds-aM the margin O
the silver in the special deposits wa
cq9 to less than 9 per cent, it wa
considered time for the chamber c
commerce to act, and committee c
two-Messrs. A. J. Cartwright and tn
Hon. II. A. Widemann were appoints
to ascertain authoritstiveIy what tn
condition Of the special deposits wa!
+ After conference with the registrar c
public accounts, the minister of fnanc
not being found, the committee re
, ported to the chamber that the regstra
Of public accounts had unhesita
. ingly stated that $4,000 in certificate
had been rc-issued and that balance {
$4,000 in certificates was still uncar
celled.
Hoiation ef kasU number Epe.
Upon this report the chamber {
commerce, by unani imous vote, n
S scinded its resolution Of Novembe
S aoth, and its members were absolve
from obligation to receive and pay tn
Z. treasury certificates Of deposit as tn
] equivalent OF United States gold coli
During the past week the treasury hs
not only declined to redeem the certii
Gates in United States gold coin, as Il,
3 law demands, but has also declined I
redeem them in silver coin.
Noiation of iaw nMm6.y sir.
i And now in the face Of all tn
: unmasked rascality the ministers al
posing as the victims Of a conspirac
y J. o. CARTER.
Honolulu, February I6, 1885.