The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1892-12-31

limit is fixed at S100,000,000, and 1
have S24, 100000 more than that. The
of the country are greater
and more varied than most people
know, and the money paid into the
treasury for gold can be used for re-
placing the amount sold. Money is
needed at the West and South, to
buy grain, provisions and cotton, and
if can save a man $500 or $500 on
$1,W0,000 he does not stop at giving
me gold in New York for currency
laid down for him wherever he wants.
IF they get Us down in this mat
ter ii will only be after long fight
and a hard one. Ii it were not for
the scare that seems inevitable in
connection with the shipments of gold
abroad it would not be such bad
thing after all. The balance of trade
is in our favor at the rate of $4,000,
600 month and the gold will certain
ly find its way back here. Last month
we shipped more provisions abroad
than ever before, and believe that
the showing for December will be as
good. We have nearly 5000, 100000
OF gold in the United States. II
$200,000,000 were to go out it would
result in the reduction of our public
debt to that extent, with the accom-
panying saving of the interest on
that amount. l am not at all uneasy
regarding the situation"
The House Committee has reported
favorably on bill providing for the
following new light houses on the
Pacific Coast: Light at the mouth
of the San Joaquin river, $4,000;
mouth of the Willamette river, $4,000;
Gray's Harbor, $4,000; Cape Disap-
pointment, $4,000. 1t also provides
for an extensive system of lights,
buoys and beacons for the William
cite river between Salem and Port
land
p. D. Armour, the millionaire pork
packer, has given the City of Chica-
go 81, 100000 to endow a school of
manual training.
The great mines in Creede, Colo,
have been sold to New York syndi
cate for $S,000,00O. This is the
greatest deal ever made in that State.
The debts Of the Helena Daily
journal, Russell Harrison's paper,
are found to aggregate S925,000.
The friends Of President Harrison
were the greatest losers.
The placer gold mines recently
discovered in Utah are said to be
fully as rich as were those Of Cali
fornia.
The expenses of dedicating the
Worlds Fair buildings were nearly
quarter of million dollars. Sand
witches alone cost $4,000 and sky
rockets $4,000.
The Senate and House Committees
on immigration held a joint meeting
and discussed the bill introduced by
Senator Chandler to suspend immi-
grafton. 1t was shown by commu-
nication from experts that it would
be positively necessary to suspend
immigration fer period in order to
keep the cholera out of this country
next year. The joint committee took
no action on the bill, but adjourned
till Friday, when representatives of
che great steamship lines will be
| heard.
| The stones discovered in Idaho
prove TO be genuine diamonds, and
it is thought that q great diamond
field has been discovered.
The Union Iron Works of San
Francisco failed to secure one of the
contracts for building the two naval
vessels, both going to Cramp of
Philadelphia. However, it is thought
that Secretary Foster will send one
contract to this coast. The lowest bid
for the battleship was $3,010,O00, and
for the cruiser $2,996,000.
The whisky trust has secured g
corner on whisky, and as a result
prices are going up. The trust owns
all the whisky in the country and has
bought up the output of nearly al
the distilleries several months ii
advance. The idea is that Congress
is about to increase the whisky tax
The whisky now being made will no
go on the market for about three years
The annual consumption is 30,00O,OU
gallons, and the visible supply OF
hand is only 100000 gallons, s.
that they are masters of the situation
Peter Hart, the Union soldier VIII
nailed the American flag to the mas
at Fort Sumpter, after it was she
down, is dying at the age of 50.
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