The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-03-19
A THIRD OF THE COIN REDEEMED
OF THE ORIGINAL MILLION DOLLARS OF TIE HA-
WAIIAN SILVER COINAGE, 100000 HAS ALREADY
BEEN REDEEMED AND SHIPPED TO SAN FRAN
CISCO FOR RECOINAGE.

There has already shipped Francis
for reconage 100000 of the Hawaiian under
the the hseventh congress
making this silver legal tender for the remainder of this
and providing for its redemption.
The original issue $oooooo divided as follows 100000
dollars $4,000 halves $4,000 quarters and $4,000 in
dimes. Cashier w. G. Cooper of the First National Bank
through which the redemption being made that not
single dime has been presented for redemption O course no
expected that would be many the dimes disappear
ed from circulation three four years ago. This that
the $4,000 of dimes will be presented for redemption eav
ing only $4,000 of which there any possibility of redemption
With 100000 of this already redeemed is safe say that al
ready oned of all that will ever be presented for redemption
has already been redeemed Indeed in Mr. Coopers estimation
than onetrd has been redeemed Considerable of the
silver has undoubtedly been lost large amount has been melt
ed down has otherwise gone into the Considerable
being boarded curos and will be presented for
dempon on that account 1t quite evident that larger pro-
portion of the halves and quarters will be redeemed than
of doAas least that deduction that is made from the
figures of redemption so far made OF the 100000 dollars mint
ed $4,000 have already been redeemed and shipped San
Francisco This is considerably onehrd of the whole
OF the $4,000 of halves mnted 100000 have been
redeemed This considerably less than onehd of the whole
amount While OF the 100000 OF quarters mnted only $4,000
have been presented for redemption This less than oneouh
of the whole amount of the mntage of quarters,
This proportion does surprise the officers of the bank
quarter half just good souvenir of the mnage dol
lar would be- and deal less Hence people
able indulge the desire for souvenirs of that kind Another
thing the dollars have all been circulation and hence all
less Being much heavier than the halves and
they with the amount OF usage
than the quarters and halves great many of the quarters
and halves have been in circulation in the halves
have been circulation Hence
bright and new and souvenirs much desirable
than the dollars and for collections of coins much
more desirable Hence more of them have been held out of re-
dempton, and will never presented for redemption
Mr. Cooper of the bank agrees with the Star that the edemp
ton places time limit redemption Hence any of this
Hawaiian coin may be redeemed any time in the future
The time within which they legal tender for the pay
Of debts is limited to this year. After January 1904 you
pay debt with this silver the creditor refuses accept
But this will make little practical difference, it will be
deemabe and with the United States coin received redemption
the debt may be paid.
With this fact established that there limit the time
within which be redeemed the residents at the eper set
temen who worrying about getting their money redeemed
worry Their money will be redeemed time
and will therefore naturally in for redemption in the
ura course of the exchange of coin.