The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1900-05-16
NEUTRALITY-SUSPICIOUS.
sPECULAToRs LOOKING AFTER
THEM.
Law Relating to Their Redemption
Large Purchases Of Higher Denomi-
nations of Stamps.

Spectators are looking longingly on
Hawaiian postage stamps and Hawai-
ian coins and currency as a medium of
profit There are continual big pur-
chases of postage stamps, presumably
for prospective profit, and especially
of the higher denominations. The
twelve cent stamps are all gone. The
ten and twenty-five cent stamps are
still to be had. Iu
So that everybody may know exactly
the situation, the following from the
territorial act in relation to Hawaiian
postage stamps is published.
Section 80. That Hawaiian postage
stamps, postal cards, and stamped en-
Velopes at the post offices of the Ha-
waiian Islands when this Act takes
effect shall not be sold, but, together
with those that shall thereafter be re-
ceived at such offices as herein provid-
ed, shall be cancelled under the direc-
ton of the Postmaster General of the
United States; those previously sold
and uncanceled shall, if presented at
such offices within six months after
this Act takes effect, be received at
their face value in exchange for post
age stamps, postal cards, and stamped
envelopes of the United States of the
same aggregate face value and, so far
as may be, of such denominations as
desired"
This means that the minute the ter
ritorial act goes into effect, no more
Hawaiian postage stamps, postal cards
and stamped envelopes can be pur-
1 chased from the post office. The whole
supply of them will be those in hands
/ of private individuals at that time.
/ Some other changes will follow the
control of the postal system by the
United States Post Office department.
/ nf vii hah ha
extensive use of government stamped
envelopes than has prevailed in the
past. Letters mailed on board steam
ers will have to be placed in govern
ment stamped envelopes, otherwise
there will be fine to the steamship
company for carrying them, and of
course the steamship companies will
protect themselves by refusing to carry
any not so enclosed. The object of
this is to prevent stamps from being
used twice, If a stamped envelope is
used, the addressing of the envelope
is practically equivalent to cancelling
the stamp, and so the government is
protected The question of carrying
mail matter from one place to another
other than in the mails is one that has
been brought to very narrow limits In
the United Statess Railroad companies
are held very strictly to the rule thai
only letters which are strictly railroad
business can be carried by their own
/, employees from one point on their road
to another
The Hawaiian coins and currency
. have become another commodity in
which there is more or less speculation
The Hawaiian dimes long ago went out
of circulation and into the hands OF
spectators, and are now quoted al
= from fifteen cents apiece up. There
= has of late been considerable hoardlne
= of Hawaiian quarters. And speculator,
= are figuring on the possibility of the
: halves and dollars going to a premium
By the terms of the bill for the with
j drawa1 of the Hawaiian silver from
circulation. ii can be redeemed at pa1
; by the collector of customs or at tn,
mint 1t will be received at par by al
federal officers in the islands havinl
occasion to receive money for govern
ment dues of any kind but will not b
paid out. After two years Hawaiian
s coins will be no longer received 70
government dues, and then unless the
have acquired a valu as souvenirs, the
s Will be worth only their weight in sill
9 yer, about One-half of their face Valu,
n The question then for the speculate
4 to answer before he goes to buying u
Q these coins as a speculation is whethe
enough of them will be redeemed b
: the government to reduce the Who'll
= number to an amount limited enoug
d to give them a value above their fac
o value as souvenirs.