The Hawaiian gazette., 1901-03-26


raves '.'' OBSERVATION-DISCLOSURES. $4,000
quarters Observation-Disclosures. 125,o0C
Dimes . ....................,. 2h O0C
This Is the only Hawaiian coinage over
executed.
Paper Currency.-By Session Laws
1895 Act 10 (Civil Laws, secs. 672-675), the
Minister of Finance was authorized To
. issue gold and silver certificates of de.
post upon setting aside sufficient OF the
respective coins for the payment OF such
certificates The Act also provided 70,
the retirement OF all outstanding certln.
Gates OF deposit.
Under this authority certificates of de.
Ipost have been issued to the amount of
s.7250o. for the redemption OF which sill
yer coin Is now held In the treasury.
These certificates have been issued in
the following denominations:
doliars .'.' ",. -. 80. ,... Sl2 800
~ uo,."is '''' '''' .''. 49, 49, $4,000
~ dollars .'', zee. 80. go. go. $1,000
~ uo,i"rS '''' $50 -. 80. .,.. 10000
100 dollars ...... :. 80. go. .. 100 200
There remains outstanding OF old issues
of silver certificates made under former
laws total amount of SS9,5oO. No record
remains In the Office OF the Finance De
partment showing the denominations Of
these certificates, but silver coins are on
deposit in the Treasury for their redcmp.
ton
Although authorized by the Act above
cited, no gold certificates have been is
sued The Hawaiian currency consists
therefore of silver coins amounting TO
SlOo0,000 of which $4,000 is in crcula-
| ton In the form of silver certificates
Hawaiian currency in the Treasury at
this date. august %, 1881, exclusive of
silver held for redemption OF certificates
is approximately s1O1 500.
/ BY the statutes authorizing coinage OF
silver Session Laws, 1880 chap 81. and
Session Laws. 1892, chap. 81. all coins
were required to be made of the same
weight and 1neness as the United states
coins " the same value.
S, NJ cuLLoM.
Sir: In the year 1883. by Act of the
Legislature of the Hawaiian Govern
ment, the sum of 81. 900 900 was authorized
to be issued in Hawaiian, silver curren-
ICY. This amount was coined by the
United states Mint of the same weight
ana fineness as the corresponding amount
In United States silver currcncy The
denominations were: -s5 hr',I n
i-uoiiar pieces =. ...,' ~. $500.0o0
oo-ceht pieces '-''-I,,- ~. -... = $4,000.
25-cent pieces -. ,...y..s ". .fa5. oon
Dimes .... -. -. -. $4,000
IotaI - .'......................s1, 900. 900
or this amount the dime has practi-
cally gone out OF circulation. or the en-
tire amount IA fair estimate would be that
10000 dncluding the dimes) have gone
out OF circulation and disappeared. There
remains, therefore. the sum OF $500 900,
approximately, in Hawaiian silver cur
rency that are legal tender under the
present laws and institutions of this
country to the amount OF $40 In any one
payment. This currency, however is
only OF value to the remaining portions
OF the United States as it's pure silver
bears TO the piece, based on the current
value OF silver for the day.
While your honorable body is consider.
ing the subject OF the obligations of this
Government, desire to call your atten-
ton to the subject OF It's Withdrawal
from circulation and substitution by a
coin that would be legal tender I'm nil
parts Of the United States.
owing to the nature of the population
or this country, silver will ALWAYS he |
usep mere to greater or less extent, and
uesire 10 press upon your attention the |
necessity OF considering this important |
subject while the Hawaiian commission
10 In session |
have the honor to be- sir your oba- |
u'ehl servant s. M. DAMON
Minister OF Finance |
HON. SANFORD II. DOLE
or the Hawaiian Commission.
me committee of the Senate referred
the bill, after It was introduced IN tho
secretary of the Treasury with the re.
quest that he examine the same and give
tne committee the benefit of his opinion
with rspect thereto. In response he sent
to the committee. the following letter,
treasury Department, Office OF the Soc
rotary. Washington. Feb. 0, 1901.
Sir: | have the honor to acknowIodo,
receipt or your letter OF the Sth instant
lncloslng Senate bill No 592s. relating IN
the retirement OF the Hawaiian coinage
ana currency, and also report made N
tne House OF Representatives March % .
py the Committee on Territories TO nc. |
company House bin No. 1901. relative IN
Hawaiian silver coinage. upon whIcb ,,o,,
ask an expression OF my views.
IN reply ] would state that n f. y,,.,
w sfhblo lhat the money used in tho /
HAWAIIAN Islands should he Identical ana
UNIFORM In All respects with that on The
united states The silver coins Euov,p
as hawaiian coins should be retired IA
.nr'' mo- f"lu' ana converted Into 81
,,l,, com h'nflng tho impress Of mo
The coms for Hawaii which w.
slreek ~ iN' mint Of tho United stat.
~ san fiHuoHp0 are Identical In nnpnas
hhd weight 49, 10 denomination win
those ~ The United States.
Aflrf careful reading ~ RenAts nm
~ ! nnl u0 objection ~ ia pnsssr.
hni rF'Aihing tn commend h.. ana nus,
ne same viii hr enacted INTO hw al A. u
rAlf llfr ifsprrifully
h. ! 0A0T
No., .... hrrflHry
lullfl hiaisH hrnnis
sSfsSausa,lS ~ Se,,ssias ~. ',I,,--s.,-