The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-01-31
NO TIME LIMIT ON REDEMPTION.


The providing for the econage of the Hawaiian silver is
generally construed limiting the time within which Hawaii
silver coins may be redeemed the present year. 1903 But
careful examination OF the wording Of the fails bear this
construction ,..ul..
Nowhere act there any limitation as to the time within
which these coins must be presented for reconage The first
ton of the provides that the Hawaiian silver coins
lated abraded below the standard Of circulation shall be
ceved their face value payment Of all dues either the
of the Territory of the United States This section
invests these with quality they did have before They
receivable the payment of duties and internal
revenue taxes They not before. But there limit of
time in this section this quality impaired to them
The second section OF the act provides that when they have
been received by either of not less than $780,
they shall not be paid out again. but shall be shipped to the mint
San Francisco reconed and the superintendent the
mint shall redeem them in standard silver dollars and there
limit in this section within which this may be done
Section three provides that such fiscal agent of the United
States shall be designated shall exchange standard silver dol
lars for Hawaiian coins with anyone presenting Them and that
the Treasurer of the United States may deposit standard dollars
with such fiscal agent for the purpose of carrying the exchange
authorized There time limit this proceeding in this
Section four provides that Hawaiian coins which mutated
hon value in standard silver coin Nor there any time limit
this operation in this section.
Section five provides that the Hawaiian silver coins shall be
legal tender for debts the Territory of Hawaii accordance
with the laws of the Republic of Hawaii until the first day of
January 1904, and afterwards This is the first time limit
contained in the 1t time limit their redemption
but their legal tender quality for the of debts within
the Territory of Hawaii They could have been redeedmed with
making them legal tender They could have been made legal
tender without the provision that was made for their recoage
The time limit clearly their legal tender quality and
their redemption rational cOnSsent
construction is to be given to section six
Section six provides that any silver certificates heretofore is
sued by Hawaii intended be circulated money shall be
deemed by the Territorial before the first day
January 1906 and after said date shall be unlawful to ccu
late the money. The meaning of this is clear Congress
alone emit bills Of credit according the constitution 1t
forbidden the by the constitution 1t within the
OF the Territory unless authorized by This is in
effect authorizing them Hawaii the of permitting
already issued certificates circulate money
But this permission is only granted for limited time jan
uary 1905 After that the otherwise universal rule prevail
is TO be
than any Of the other and territories But this is
redemption of Hawaiian silver coins by the
United States but time limit within which the Territory must
square up bills of credit and get them of circulation
If the time OF redemption OF Hawaiian silver linn
tied this year, then section that the Territory must
enough OF these silver redeem its silver
tfcates that until January 1905, and then all the
certificates have not been redeemed the outstanding certificates
become vaueess hands of the holder and the
OF Territory has been compelled hold OF its silver
coinage for became merely bullion This mock
Territory mockery holder of silver
hcae He in effect told that he has until redeem his
certificate but he finds he delays beyond 9o3 that the silver
he gets for his certificate has become bullion Unless
the plain intention of congress legsae in this wise
such construction could be given the 1t certainly clear
that congress intended
simply limits the engagement OF the United
States in regard the Hawaiian silver and the Hawaiian silver
certificates what it has agreed do in this 1t does
engage redeem all Hawaiian silver coins only those
mulated nor much abraded and when paid gov
dues presented designated fiscal officer for
change in the of muae and abraded redeem
them bullion when presented place under certain
conditions But there not in this section time limit
demption
Section eight simply approprate $4,000 certain expenses
in connection with the redemption But places limit the
time of the redemption unless indeed the appropriation is
which be extended beyond the fiscal
made in which though there limit the redemp
ton OF the Hawaiian silver after certain time there will be
failure of the appropriation carry the redemption
will stop the payment of Hawaiian for dues
which SO far as the individual concerned redemption