The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1909-11-27


Our Distinguished and Hosphablc Host Baron shifusava
During the past month have celebrating great
Riy Ivy tb 1ea by Columbus the first voyage up Hudson
the first steamboat by Futonthe famous C a'sat'" OF
seems fitting time just for do honor to the DELEGATION
i WlsG Men from the East who here study trade and imam
cal and educational conditions, with view of benefng in various
ways their great and progressive naon-te Land Of the RISING Sun
and extending its industries, and education
welcome them as students but still friendly delega
on from OF the nations that we are proud TO cali orr i
@ L l upon the mas Strangers for of them least have
w. and some have won honor colleges
we sincerely hope that they have to their store of se
oWedSe; and know that they have much to cement the
strong friendship which between our people an deir '
Prince TOUR leading statesmen in the world my opinion
TO second eXresident Roosevelt third and fourth re-
Cney hng edward OF England and the Emperor William
Government mission the leading coun,es of the world as
member OF commission to study the systems of the various
nations lie had letter of introduction General Grant the then
President of the United States The Secretary of the Treasury was
very busy those days and had little to attend to matters
outside OF his immediate department; Grant sent Mr. Ito
with letter OF introduction to able and will
ing assist the the visiting commission in Their work
MT Ito IN particular proved scholar mastered the
details under my suggestion may say my The COM
mission afterwards London and Berlin and made them
serves convant with the English and French monetary systems
On 3er return to Japan via the Suz Canal they evolved
system Tor their country based American Mr. Ito made
an elaborate report strongly urging the American system in its entirety
This the first link of sympathy and friendship be-
the situation special Government agent to perfect
their plan and see that it working order and
direction, with satisfactory results
had pointed Mr. to- and also strongly urged that our de-
cal monetary system was the best and simplest for Japan
in establishing its monetary system and that greenback
Ceny and five twenty bonds good models Japan to follow
its issue of securities.
The Japanese afterwards acted in conformity with nv
earnest recommendation subject by adopting the decimal s
tenn and issuing similar currency bonds adopting
I'm all respects and making its formerly msuar system conform
the monetary basis OF other nations From being walled financially
thus placed itself III reciprocal monetary relations with all the world
mention that the first bonds ssued Japan payable
pounds sterling London for equivalent millions of
dollars and these negotiated by tn London with
the cooperation of my firm, and this loan great
In considering the Importance the influence eXed particular
regard must be paid the time which conferred with this Ito
commission 1t period OF formation for the Japanese Govern
ment constituted The old crcumbed method passing
away and the order of things taking its place broad
national basis which has since opened Japan tile world large
has before; rapidly
its growth all the elements of high advancing civilization
instead of being locked within ese It until Commodore
Ierrys treaty opened it to the commerce of the world
On the splendid results Japan OF this
for But while Commodore Perry opened the
Japan the nations the adoption by Japan OF decimal monetary
system only secondary e Perry Treaty open
ing the in the history Of Japan
Prince Ito became of the central figures in the world dng
the apanC and the final success OF his due to his
sagacty and fOehOught
His continued success in diplomatic stamped him
OF the greatest the world if the greatest
have kept in touch with him by correspondence and also by seeing
much of him when he visited New York his way London
special Ambassador to Queen NGorias Jubilee
While my services Japan reewl offering have been
by the lifelong friendships these have en-
great receiving Imperial Decoration from His Majesty
Emperor and also Imperial diploma bearing his signature
When President Roosevelt batehps TO make voyage
round the world the pesmts countries enormously looked
upon order a challenge Japan and predicted all kinds OF dis
This false view however soon corrected
Your august Emperor fully understood the situation and the recep
and accorded Japan to both the officers and m
men Navy the wind OF the sails OF the adverse critics
proved that both your Emperor and our President were goo