The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1901-03-17
COMMITTEE REPORT
on HAWAIIAN coinage
Favorable to a RECON-
age of Hawaiian
Silver.
QUOTE FROM THE COMMISSION
LETTER FROM SECRETARY OF
TREASURER GAGE UPON
THE SUBJECT.
Recommends That the siIi Introdue-
ed by Senator Foraker Do Pass
House Propose Some Amend
ments to the Senate Measure
from a stan correspondent

from a STAFF Correspondent
WASHINGTON, Feb. 22-The House
committee on Territories has publish.
ed the following report upon the propo-
sition to recon the money Of Hawaii;
@Tbe committee on the Territories
rauort favorably. with amendments
the bill Is. 5s2s) relating to the re-
tirement of Hawaiian coinage anu
currency. and in support OF sucn e
mort quote from the report OF the ha-
uaijan commission relative to Hawai-
ian currency:
The gold coins OF the United States
are the only unlimited legal tender
tCivil Laws. sec 56S.)
Hawaiian silver coins are legal ten I
der for amounts not exceeding slV.
United States dimes and half dimes
are also legal tender in limited
amounts. (Civil Laws. secs. 666 and
e67D
COINAGE-During the years 1884,
1885. and 1856 the following Hawaiian
coins were put in circulation. having
Heretofore been coined at the United
states mint in San Francisco (Bien-
Mai Report Minister of Finance. 1880,
p. %:
Dollars ............. 100000
Halves ................. $4,000
Quarters ..........-... 125.0O0
Dimes ................ $4,000
This is the only Hawaiian coinage
ever executed.
PAPER CURRENCY-By Session
Laws. 1895. act 10 (Civil Laws, SECS
e72-675. the minister of finance was
authorized to issue gold and silver GER
tifcates Of deposit upon setting aside
sufficient OF the respective coins Tor
the payment OF such certificates. The
act also provides for the retirement OF
all outstanding certificates OF deposit.
Unoer this authority certificates NJ
deposit have been issued to the amount
of s272.5O0 for the redemption of
which silver coin is now held in she
treasury. These certificates have been
issued in the following denominations:
Five dollars ...............S l2,oOO
Ten dollars ...............-. 53oVo
Twenty dollars .........-..-. 3V,VoV
Fifty dollars -....--....-...- to'VVo
One hundred dollars ...-..... l0V,OVO
There remains outstanding of old
issues of silver certificates made under
former laws a total amount of sSs.50O.
No record remains in the office OF the
finance department showing the de-
nominations OF these certificates, but
silver coins are on deposit in the treas
ury for their redemption.
Although authorized by the act
above cited. no gold certificates have
been issued The Hawaiian currency
consists therefore of silver coins 70
the amount Of si.0o000o. of which
$4,000 is in circulation In the form
of silver certificates.
Hawaiian currency in the treasury
at this date august %, 1899. exclu-
sive of silver held for redemption OF
certificates IS approximately sl0l.5oo.
By the statutes authorizing coinage
of silver (Sesion Laws. 1850. Chap. 81.
and Session Laws. 1898 Chap. s., all
coins were required to be made of the
same weight and fineness as the Unit
ed States coins OF the same value.
s. NJ. CULLOM.
The committee OF the Senate refer
red the bill. after ii was introduced.
10 the Secretary of the Treasury, with
the request that he examine the same
and give the committee the benefit OF
his opinion with respect thereto. In
response he sent to the committee the
following letter:
Treasury Department. Office of the
Secretary. Washington. February y,
1901. Sir.--I have the honor TO &C
knowledge the receipt OF your letter
of the Sth inst. enclosing Senate bill
No. 1928. relating TO the retirement OF
the Hawaiian coinage and currency,
and also report made TO the House OF
Representatives March rs BIZ the COM
mittee on Territories TO accompany
House bin No 1891. relative to Ha-
waiian silver coinage. upon which you
ask an expression OF my views.
In reply would state that it is
very desirable that the money used in
the Hawanan Islands should be identi-
cal and uniform in ali respects with
that of the United States. The silver
coins known as Hawaiian coins should
be retired al their face value and con-
verfed into siisSr coins bearing the
IMPRESS OF tue lu4NSO 1taANo~
The coins for Hawaii We're struck
at the mint OF the United States st
San Francisco. and are Identical in
fneness and weight as to denomina-
tIon with those OF the United States
HAfter a careful reading Of Senate
bin 1928 / ind no objection to its pas
sage. but everything TO commend IT.
and trust the same win be enacted into
law az an early date
Respectfully.
Il ]. Gage. Secretary.
Hon. J. B. Foraker. L. s. Senate"
The committee recommend the fol-
loving amendments Of the Senate bill:
On page 1. lines 4. and s. strike out
the words~or abraded below the STAN
dard u circulation applicable TO the
coins OF the United States"
Also In lines 9 ard 10. page l. strike
out the words But they shah be re-
coined In the minis as United States
coins"
Also in lines and 3. page 2. strike
out ne words in pieces of the same
denomination as nearly as may be-
and insert In place thereof under the
direction OF the Secretary Of the Treas
nry into such coins Of the United
States now authorized by law as he
may direct"
Also In lines 46 II and Is mage .