The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1900-11-21
THE
GOLD HERE
Some Success Of Plan
of Certificates.
CHECKS THE BIG DRAIN
Collector StackabIe Shows the
Scheme To Be Anything
But New.

|
that would be sent out of the coun
the United States Government. is solv-
ed partially. The United States treas
ury has compelled Collector Stackable
to forward all the customs receipts to
the sub-treasury at San Francisco,
and as all duties must be paid in gold,
there has been a constant drain, of
gold from Hawaii.
| How to keep the bold here has puz-
zled merchants and the collector alike.
So serious did the matter become that
Governor Dole wrote to the treasury
at Washington, and has received the
following reply:
Treasury Department, Division of Public
Moneys, Office of the Secretary, Wash
ington, November /, 1900.
Hon. Sanford B. Dole, Governor of Ha-
wall, Honolulu, Hawaii.
| Sir: / have the honor to acknowledge
the receipt of your letter of the 9Th in
slant. addressed to the honorable the Sec
rotary of the Interior, in which you state
that there is considerable stringency in
the money market at Honolulu which is
increased by the shipment to San Fran
cisco, Cal, of the Customs receipts.
! y,
prohibits, the deposits OF receipts from
Customs with national bank depositaries
and the only way to avoid the shipments
of such receipts to San Francisco is for
importers to cause the amounts to be
paid by them as duties on imports to be
deposited on that account with the AS
sistant Treasurer of the United States at
San Francisco in the name of the Collect
or Of Customs at Honolulu. The Assist
ant Treasurer will issue certificates for
such deposits in duplicate and deliver the
duplicate to the agent of the importer and
the Collector will receive 1t in payment
the same as so much money. Such de-
POSTS may be made in amounts of s., 600,
or multiples thereof, and If in excess of
the amount to be paid at one time, the
l Collector would pay the excess to the
importer from collections on hand. This
means Of paying duties is practiced at
many ports in the United States and Ia q
convenience to importers as well as q
saving to the Government of the ex-
pense of transporting moneys to the Sub
} Treasury for deposit
Respectfully.
L. J. GAGE.
Secretary.
4 Collector Stackable said yesterday
, that the plan outlined in the letter to
4 the Governor was already working, and
with success. The large firms here
winch pay out much money in duties
have deposited with the sub-treasury
in San Francisco sums sufficient tc
pay their duties for some future time
These sums are in the name of the
collector of customs at Honolulu, tc
the credit of the depositors, and the
latter receive certificates which ar.
taken by Collector Stackable as gold
The RESULT is considerable gold the
ed here.
The order under which this plan %.
crates, is not a new one, as the follow
ing letter will show:
CIRCULAR CONCERNING PAYMENT
OF DUTIES ON IMPORTS
Treasury Department, Department No. 5
Secretary's Office, Washington,sD. c..
January 2, 1879
To facilitate the payment of duties or
imports, the Treasurer and the several
Assistant Treasurers of TIE United States
are hereby authorized to receive deposits
of-gold coin in sums of one hundred dol.
lars or multipIes thereof, on account OF
, such payment, and to issue the usual Ger.
, tificates of deposit therefor in denomina
tions of not less than one hundred dol
lars, in the name of the Collector or Sur
veyor of the port at which the duties are
to be paid; and any Collector or Survey
or, in whose name the certificate is issued
Is hereby authorized to accept it at pa
Tor duties on imports payable at his port
treating the transaction in his account.
as If the money had been collected ant
deposited by him in the usual manner
JOHN SHERMAN,
Secretary.