The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-03-26

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as Hawaiian coins should be retired at
their face value and converted into sill
yer coins bearing the impress of the
United States.
The coins for Hawaii which were
struck at the mint of the United States
at San Francisco are identical in fineness
and weight as to denomination with
those of the United States.
After a careful reading of Senate bill
1928 1 find no objection to its passage,
but everything to commend it, and trust
the same will be enacted into law at an
early date. Respectfully,
L. J. GAGE,
Secretary.
HON. J. b. FORAKER.
United States Senate.
Subsequently the following letter was
received by the committee from Hon.
William r. Haywood late internal reve-
nue. collector for the Territory of Ha-
wall:
Washington, ID. c., Feb. II, 1901.
Sir: [ have the honor to invite your
attention to recommendation made by
the Secretary of the Treasury on page Is
OF his last annual report, that liberty be
given the collector of customs for Ha
Wa:i to deposit receipts at the Govern
ment depository instead of shipping the
coin to the subtreasury at San Francisco
as he is now compelled TO do by the pro-
visions of section 5153 of the Revised
Statutes.
From July &c to December Z, 1900 the
collector of customs at Honolulu paid
81, OS2,7O for freight on s427,252.52, sent
from there to San Francisco These fig
ureS are official.
Prior to the designation of a depository
at Honolulu 1, as collector of internal
la1 IN oh in nv o0l
lections to San Francisco. The trans
portation companies charge one-half of
per cent freight. This was about half
what it cost the Government to collect
it.
! The Secretary makes his recommends
| ton because of the inconvenience and
| cost TO the Government.
| The bulk of the Government receipts
! from the Territory will be collected by
! the collector of customs, which must by
| law be deposited in the subtreasury.
| This will not leave enough Government
funds in Honolulu depository for Federal
expenses. Thus double expense will be
| incurred by reason of the necessity Of
shipping currency back to the islands.
| 1t is estimated by one of our leading
bankers in Honolulu that S1,250,000 will be
shipped to San Francisco by the collector
during the present fiscal year. This will
! De great QTdln OH the vi q
| community so isolated as Hawaii.
| The Secretary in his report says:
AT present the collector of customs IN
| Hawaii is obliged to send all moneys
| collected by him on account of duties or
imports to the subtreasury at San Fran.
cisco. while public moneys required fol-
] use in Hawaii may, as a consequence
1 have 10 be transmitted by express OIL
otherwise to the islands. Thus double
expense increased risk, and unnecessary
delay in the public business may be anC
are occasioned. There seems to be n,
good reason why customs receipts o
Hawaii and other island points SHOULD
(not) be excepted from the provision o
section 5l53 Revised Statutes, which re
quires the deposit of customs receipts Il
a subtreasury. Liberty should be givel
to collectors of customs at the places in
dicated to deposit receipts with designat
ed repositories, as is now permitted b,
law in the case of collectors of interna
revenue
If il is possible at this late date T.
change the law so as to allow the de
! post of custom receipts at the United
States depository, great saving viii b.
effected to the Government and the bus'
mess community of Hawaii relieved of tn
danger of contraction of its currency
am, very respectfully,
VIM. HAY WOODl
HON. JOSEPH B. FORAKER, Chairman
Committee on Pacific Islands an
Porto Rico, United States Senate.
The committee recommend the follow
ing amendments of the Senate bill:
on page /, lines L. 5 and 6, strike GU
the words "or abraded below the stand
ard OF circulation applicable to the coin:
of the United States
Also in lines and 10, page l, strike
out the words But they shall be re
coined in the mints United State:
coins"
Also in lines and 3, page 2, strike ou
the words "in pieces Of the same denomi
nation as nearly as may be-" and inser
in place thereof under the direction o.
the Secretary of the Treasury into suci
coins OF the United States now author
lied by law as he Fmay direct"
Also in lines 16 II and IS, page 2. strik,
out the words when the same are no
abraded below the lawful standard o
circulation"
Also in line /. page 3, strike cut tn
words "or abraded below such StanC
ard"
In striking out the words "or abrade
below the standard of circulation appli
cable to the coins of the United States
: wherever they appear In the bill tt
committee but conform to the rules O
the United States Mint, as there is II
standard of abrasion adopted It IN
mint, and the words in the bill are mean
0 ingless.
o By the amendment in line II, page
o the Secretary Of the Treasury is give
% discretion as to the denominations
- which Hawaiian currency shall he rt
70 coined. The Secretary himself said tbs
he should like such discretion, and IL
= apparent that 1t is not possible to- fore
/ tell in what proportions the various d.
L nominations of the Hawaiian currenc
q shall be found to be when they are CO
e lected together for recoinage. Indeed
= is suggested that the dime has aires !
: disappeared from circulation. There
g no reason to suppose that such scrC
s ton on the part of the Secretary Of tn
e Treasury would be exercised otherwis
$ than for the best interests of the Hawai-
$ an people and the United States.