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AT A MEETING of His Majesty's
Cabinet Council held to'day (lie follow
ing resolution was passed.
Reaolvcd that the Minister of Finance
be tuul ho is hereby authorized to re
quire the payment of Customs duties in
United Slates Gold Coin nccording to
law on and after the 1st day of June,
JNO. M. KAPENA,
Minister of Finance.
May 10th, 1884. 715 tf
THE tUNDERSIGNED have formed
a copartnership under the llrm
name of " SPRECKELS & Co." for the
purpose of carrying on a general bank
ing and exchange business atjllonolulu,
and such other places in the Hawaiian
Kingdom as may be deemed advisable
(Signed) GLAUS SPRECKELS.
"Win. G. IRWIN.
F. F. LOW.
Honolulu, Jan. 14th, 1884.
Referring to the above wcjbeg to in
form the business public that avc arc
prepared to make loans, discount approv.
cd notes, and purchase exchange at the
best current rates. Our arrangements
for selling exchange on the principal
points in the United States, Europe,
China, Japan and Australia arc being
made, and when perfected, due notice
will be given. "We shall also be prepared
to receive deposits on open account,
make collections, and conduct a general
banking and exchange business.
010 3mb (signed) SPRECKELS & Co.
BISHOP & Co., BANKERS,
Honolulu, Hawaiian Islands.
Draw Exchange on the
Banlv ol" Oulilbmia, S. IT.
And their agents in
NEW YORK, BOSTON, HONG KONG.
Messrs. N. M. Rothschild &Son, London.
The Commercial Bank Co., of Sydney,
The Commercial Bank Co., of Sydney,
The Bank of New Zealand: Auckland,
Chrlstchurch, and Wellington.
The Bank of .British Columbia, Vic
toria, B. C. and Portland, Or.
Transact a General Banking Business.
GGO ly b
THE BAIIiY BUMjETIN
can be had from
J. M. Oat, .Jr, & Co Merchant st.
T. G. Thrum Merchant st-
Wu iMiUi p8niitt,
Pledged to neither Beet nor Party.
But established for the benefit of all .
SATURDAY, MAY 24. 1884.
THIS EVEMNC'S DOINCS.
Lyons & Levey will sell at 7, at
Goo Kim's, Nuuanu st; dry goods,
Drawing Class. Y. M. C. A. 7:30
Gospel Temperance Meeting at
Bethel, at 7:30.
Casino at the Parle, open all da'.
Bethel Sunday School, at 9 :45.
Fort St. Church S. S. at 9:45.
St. Andrew's Cathedral S. S. 10.
Bethel, Service, at 11.
St. Andrews' Cathedral, service,
morning, and evening.
Fort St. Church, service, morning
Prayer Meeting Y. M. C. A.,
3 :30 p.m.
Bible Class at Fort St. Church
Vestry, at G:15
The holders of exchange, who are
the exporting houses we named yes
terday, Macfarlanc was unintention-
ally omitted, are not dealing with
their own property only. This ex
change brings to those for whom
these agents profess to act, unless
special agreements are otherwise
made. It is therefore their duty to
get its highest marker value. They
have no right to give away the pro
perty of others. If they can get 15
per cent, as well as 6 per ceut. for
this exchange, why then should they
accept six ? Surely they do not sell
it for undervalue for the sake of
persuading buyers of' exchange to
buy other goods of them, the agents?
That would not be acting so much
for the planters as for the agents, it
would of course be bad faith, and
not to be assumed. Why then, wo
repeat, should the agents make any '
show of generosity about other pco
Money is for the purpose of aiding
people to exchange their commodi
ties for other thing's of value. The
laborer takes money for his labor,
and exchanges the money for board
and clothes. If the only use for
money were to measure values, it
might as well be paper or nickel, as
gold or silver. But it is fountLby
experience that money must also
have intrinsic value, as merchandise.
If the measuring value of money, as
"counters," were its only value, it
would make no difference whether
cowries, irrcdqcmable paper or wam
pum were called tnonej', except that
one is more convenient to carry
about than the others. Cowries and
wampum may be worth something,
for curiosity dealers, and possibly
for sidewalks, or for aught wc know,
for ballast for ships. If the yard
stick was shortened by six inches, it
might be said that there were more
yards of cloth in the country ; but
not only would there be no more
cloth, but buyers ought to have a
word to say about the 1G per cent,
shortening process, so buyers have
an interest in preventing the use of
a silver currency which is 15 per
cent, of less value than the United
States currency to which the country
NECESSITY FOR ECONOMY.
The news received by the Alameda
simply re-enforecs the ncccssit' for
retrenchment and ceononry, not onhy
with individuals but in all matters
relating to public expenditure. There
has been a season of over production
in almost every department of busi
ness, and not only in the United
States but in all parts of the world.
At the time of the departure of the
steamer a panic on Wall street was
imminent. There had been several
very heavy failures, of banks as well
as private individuals. It was ex
pected that such people as Jim
Keanc would before long get to the
end of .their rope, but it shows a
wider spread and deeper seated cause
than mere unlucky speculation where
concerns like the Marine Bank and
the Metropolitan National Banking
Association go to the wall since the
first of last January, the shrinkage
of values on the New York Stock
Exchange list has been over two
thousand millions of dollars. It is
simply impossible to conceive of the
enormous amount here named. This
shrinkage has largely been that of
railroad and similar securities. The
building of roads has been immense
and far beyond the requirements of
commerce and the inevitable result
has come. The United States will
have to learn over again the lesson
of 1873. It is sad to think of the
misery which must be the outcome
of this decline in values. Much of
the earnings of the poor is put into
stocks, railroad and manufacturss
and such disasters are ruinous to
them. In England, and in other
parts of the world British ships are
idle and thousands of seamen are
out of employment. The tide of
dullness has swept over Europe and
there is great suffering among the
poor, Hawaii can not hope to escape
the influence of these times and
unless there be care and economy
suffering is sure to follow.
BANKS AND BUSINESS.
The terrible shrinkage of value in
our staple product, the reduced in
come of the nation as a whole, and
of most individuals comprised in it,
is, singularly enough, coincident with
the establishment of a new bank.
Not long ago the Messrs. Spreckels,
with W. G.' Irwin and F. F. Low,
formed a co-partnership for the pur
pose of carrying on a banking and
exchange business. With them are
now associated James Campbell,
Honorable Samuel G. Wilder and
other influential persons. Their new
building is rising rapidly on its
foundation, and yet beyond all ques
tion business has. shrunk. Our ex
porting capabilities are strictly lim
ited and seemed to have touched
their maximum, if not in bulk at
least in value for some time to come.
On the vajuc of exports depends
mainly the value of imports, these
too must shrink and with them the
customs, the main stay of our
re ven no.
At thfs particular moment too we
are being flooded with, not to say
swamped by tons of silver coin,
worthless in a great measure, except
for our own little internal retailing
or wage-paying business, and now
by decree even tin's coinage is still
further depreciated by the action of
the Government, which distinctly de
clares it will not receive it at the
Custom House. We are therefore
in this very strange dilemma, a cred
itor, an employe or other goes to
the ofllec of one department of this
Government and demands and draws
say $100, lie takes this very cash to
another department, the Custom
House, where he may have a duo to
pay, and it is repudiated as base
coin, or received at a grave discount.
No one can say that this is a whole
some state of affairs. A Govern
ment which persists in coining and
importing a quantity of stuff which
it refuses at its own Custom House !
The merchants, the Chamber of
Commerce, any one may talk and
argue as thev like, and ever to no
purpose, in this country the welfare
of the many is made the game of the
few, and that too by those who exist
only for the welfare of the, many,
but have sold themselves.
The Attorney General has at
last risen to the occasion, and has
begun a considerable shower of pro
posed Acts referring to the internal
administration of national affairs.
The Ministerial hash house is
in full blast, and the docile members
of the Asscmby, who do as they arc
told, arc daily fattened without
money and without price. It is an
enterprising institution and cries its
own virtues. The viands are spread
in the basement story of the town
villa of His Excellency the Minister
of Foreign Affairs, the Premier, the
President of the Board of Educa
tion, the President of the Board of
Health, etc., etc., and yesterday
Hon. J. T. Baker took his turn at
the door 'and called upon passing
members who were directing their
way to Nolte's to come in and cat,
eloquently descanting upon the
tempting character of the comest
ibles. An evening spread is also
set at the house of Hon. J. L. Kau
lukou for all legislative coiners.
Verily the hoopilimeaai is faithful
to his master's crib.
The Act to charter the Hawaiian
National Bank was read yesterday
for the first time. The Act is long
and elaborate in its details. It au
thorises the granting of a charter to
Claus Spreckels, W. G. Irwin, F. F.
Low, S. Parker, J. Campbell, S. G.
Wilder and T. R. Foster. It allows
the employment of a million dollars,
and the issue of paper money based
upon a deposit in the Treasury of
Government loan bonds correspond
ing in nominal value to the paper
money issued. It gives to these gen
tlemen, the incorporators, all capi
talists, the power of doubling their
associated capital. The trail of the
serpent runs through its sections.
It is a powerful combination, which
might be dangerous in its own unas
sisted strength, but which, not feel
ing sufficient for the accomplishment
of its ambitions and selfish objects,
has made a desperate attempt to ob
tain an advantage over other capi
talists and business by procuring ex
traordinary powers from the Legis
lature. If the bill succeeds it will
plant a hostile power in the capital
city, which will blast and wither
many worthy and established in
terests of our little country.
Fkiday, May 23. Continued.
Mr. F. Brown, that $900 be ap
appropriated for building a scow to
carry passengers at Puuloa, Oahu.
Laid on table to be considered with
the appropriation bill.
Mr. Baker gave notice of a bill to
authorize the Minister of Interior to
break in certain Hawaiian boys for
Mr. Kancalii read first time a bill
to repeal Chapter 57 Penal Code, an
act to mitigate. Bead a second time
by its title.
Mr. W. O. Smith moved it be
referred to Sanitary Committee.
Minister Gibson seconded the
motion. He was sorry the report of
the Boardof Health was not printedc
it had considerable reference to this
bill. Mr. W. O. Smith's motion to
refer it to the Sanitary Committee
Mr. Pilipo ou suspension of the
rules reportecftho following bills had
been printed; relating to Police
Commissioners, and a bill to regulate
Minister Kapona laid on table the
contracts relating to coinago, which
were read by the Secretary.
Mr. Smith asked if the member
had handed in all the documents.
Mr. Kapena replied he had, and
felt much surprised at the resolution
asking for them. They were finally
referred to tho Printing Committee.
Mr. W. O. Smith offered a resolu
tion that the Ministers lay boforc
tho House all documents and papers
connected with the coinage.
Tho honorable member said tho
object of his resolution was not a
trivial one, it was very important
that all the members should sco these
documents so as to be able to judge
Minister Gibson seconded the reso
lution, and would be pleased to give
the honorable member all the infor
mation he could. The resolution
Order of tho day.
Third reading of a joint resolution
authorising the Minister of Finance
to issue duplicate bonds to Mr.
Edwin Jones of Lahaina, to the
amount of $1,300. Passed.
Second reading of a bill to amend
Section 58, Chapter 43, Session
Laws of 1882, relating to the collec
tion of taxes. Referred to the fol
lowing Select Committee: Messrs.
G. Brown, Aholo, Attorney General,
W. O. Smith and Minister of Finance.
Mr. Nawahi, on suspension of the
rules introduced a resolution, that as
the Minister of Finance in his report
says this Kingdom has internal ene
mies, he be requested to state who
these enemies are. Laid on table.
The House adjourned at -1:15 r.
jr. until 1 v. m. Monday.
Editor Bulletin: A petition
has been laid before the Legislative
Assembly signed by six licensed
eating-saloon keepers, complaining
of private boarding houses not
having to pay licenses, and asking
for relief in the matter. They for
get that their license covers a num
ber of privileges not in use in
respectable boarding houses, such as
selling cigafs and light liquors, etc.,
not forgetting the ever ready dice
box, gambling on a small scale, and
furnishing .any luxuries in the shape
of ale, wine, etc., on Sundays! Do
they expect to have these privileges
for nothing, or wish further allow
ances ? Justici:.
EMMA SQUARE CONCERT.
The Band will play in - Emma
Square, this afternoon, at 4:30. The
following is the programme :
March Great Britain Frcvling
Overture Festival "Bach
"Waltz My Queen Coote
Selection Princess Tda Sullivan
Quadrille The Times Coote
Vocal Galop Queen Victoria... Farmer
God save the Queen.
Tun Royal Hawaiian Agricultu
ral Society meets this evening at the
Y. M. C. A. Hall at 7:30 o'clock
for the purpose of distributing the
prizes, medals, and diplomas awarded
to successful competitors at last
years meeting. A short address will
be delivered by Chief Justice Judd.
Tun entertainment for young men
gotten up by Mr. P. C. Jones Jr.,
took place last evening at the Y. M.
C. A. Hall and was a great success.
A very pleasing programme consist
ing of readings and music was fully
carried out and thoroughly appre
ciated by the fifty young men present.
We hope this is only the initial one
of a series of such evening entertain
ments. Hon. J. S. Walker has submitted
something which is 'to be taken as
the Report of the Auditor General.
It is in fact a mere extract from
statistical tables comparing , figures
noting increase or decrease of re
ceipts, etc., but . nothing whatever
of the oharactcr of a public audit
of public accounts. If the Legis
lature be satisfied with the report, it
is very easily satisfied and tho Au
ditor General has a very easy berth.
As will be seen by Mr. Horn's
advertisement, that gentleman has
just received a very flattering letter
from Professor F. Damon, of Can
ton, China, for a wedding cake made
and sent by Mr. Horn to tho pro
fessor on the occasion of his mar
riage. Tho ornamentation and
quality of the cake is spoken of in
the highest terms. The cake was in
as fine condition after three months
time, as when it loft the Factory of
Mr. Horn, which speaks volumes for
the quality of the cake.
Royal Hawaiian A jyri cultu
A PUBLIC MEETING will be held
this, Satuiday evening, at the Y.
M C. A. Hall at 7:80 i-.m., under tho
aubpices of thetjSociety, at which tho
awurded for exhibits at llio Firsfh An.
nual Show, will bo rlolhered to success,
M33 It J. W. "WEBB, Secretary.
AUCTION SAIE BY E. P. ADAMS
1 have received instruction from Mr.Qoo
KIM, to oiler at Public Auction, on
May 21th, from 2 im , to 5 r.M.,
At his Store on Nuuanu Street,
An Assoitment of
Such as China Crepe Silks,
Chinese Silks, plain and colored,
PI mi Silk", Silk Crepe Shawls, all
White & Uluck iass Cloth
Pongee, Silks Pajamas,
Ohlncbo Silk llandkei chiefs,
Lyons Heavy Dress Silk, all colors
Fancy Silk Parasols,
Ladies' Hem stitched H'dk'fp,
Persian Hugs and Mats.
FINE DAMASK LINEN
Table Cloths and Napkins
Linen Lawns, Sateen Dress Goods
Ladies' Underwear, Children's
C2?This sale is especially intended for
the Ladies, as may be seen by the line of
goodf offered above, -which will actually
sold without reserve.
tSJpTlie sale commences at 2 and will
lie close at 5 v.a.
E, P. Adajib, Auctioneer.
Auction Sales by Lyons & levey
Furniture for Sale at Auction,
At the Residence of Doctor Thatcher,
210 King Street, on
Thursday, 3Iay 3ith,
at, 10 a.m. (on account of departure) will
be sold the entire
consisting in part as follows:
One Piano Case Mclodcon, One Music
Stool, M. T. Center Table, Hair Cloth
Sofa, Sewing Machine, Baby Carriage,
2 Chandeliers, B. W. Bed Room Set,
Cedar set, imitation bedroom set, Plain
Child's Crib, Bedding, Spring and wire
Mattrasses, Mosquito Nets, Picture and
Picture Frames, Book Case, Book Case
and Writing Desk combined, Choice
Books, Curtains, Lambrequins, Cornices,
New Remington Kiilc, B.sW. Extension
Dininff Table, Crockery, Glass arTd Tin
Ware, Knives Porks and Spoons, Cook
Stove, Oil Stove, Kitchen Furniture,
Meat Safe, Garden and Barn Tools,
Archery Set, Q Fowls, etc., etc.
A good Carriage and Saddle Horse,
kind and gentle tor a Lady to drive or
ride, 1 Two Seated Top Piano Box
Carriage, Hainess,.Saddlcl Bridle, etc.
JSJJO IS NOON.
If not sold previous at private sale,
will be offered the house and lot, extend
ing from King to Young Streets, being
100 x 300 feet deep.
House contains nineRooms, including
Kitchen, Pantry, and Bath Room, two
Barns, Carriage House, Servants Room,
House and Out Buildings in thorough
icpairs, the yard contains many orna
mental and fruit trees, the latter includ
ing the Guava, Pear, Mango, Plum and
Banana, a good neigborhood and within
easy distance of Town. As a residence or
for a good investment, this is one of the
most desiiablc piece of property in Ho
nolulu. Terms made known at time of
720 td Lyons a Levey, Auctioneers.
AS I INTEND leaving this Kingdom,
all poisons are hereby requested,
to present their claimsagainstme within
80 days of date, if they have any, at the
office of M. S. Orimbaum & Co.
J. P. MENDONCA.
Honolulu, May 10th, 1884. 717 lm
A BOY (white prefered) to learn the
cigar trade in Honolulu, one resid
ing with his parents, age between 11
and 15. Apply to
. .T. E. WISEMAN,
721 1 w Gen'l Business Agent.
YOUNG MAN, 27 years old, Portu
guese bv birth, havinsr resided on
these islands for the past 5 years, and
.understanda the grocery business tho
lougluy, would like a position in that
capacity or in any other suitable place.
Good lecommenclntions as to sobriety,
honesty and ability. Apply to J. E.
Wiseman, General Business Agt. 721 lw
Da. THAOIIER'S ofllco will bo closed
on or about June Oth, in consc.
quonce of a contemplated visit, of
soveral months, to the Stutoj,
Those desiring my service, or wishing
to take advantage of my present low
prices will please call immediately.
The British Benevolent
Will take placu at tho MUSIC HALL
on Tuesday evening, May 27th.
Tickets $2.50, to bo had fiotn tho
members of tho Ball.CommlUcc. 719 td
-TO 1111 IIRI.I) AT-
UNOKlt THE AIJSl'ICKS QV THE
Mini Jockey CI.
President, James Camviieij..
Vicc-Picsidcnt, F. S. Piiatt,
Secietary, C. O. Br.ito.Kit,
Treasmcr, Cecil IIkowk.
Executive Committor, II. A. Widkmann,
C. II. Judd, Dr. J. S. MoGiiew.
1st. Reciprocity Cup.
RUNNING RACE; mile boats; best
2 in II- free for impoited horsci
only; weight for age.
2nd. Queen's Purse.
TROTTING RACE; mile heats;
best 2 in 3 to lmincst; Tree to all.
3rd. Kamehameha Plate.
RUNNING RACE; mile heats;
best 2 in ii; free for all; weight for
4th. Queen Emma Plate.
HALF MILE DASH ; for 2-.vear
olds; Hawaiian bied hoises; catch
5th. Princess' Cup.
TROTTING RACE ; mile dash to
harness; free to all 2 year old bred
in the Kingdom.
6th King's Cup.
HURDLE RACE; 2 . mile dash ;
open for all ; weight for age.
7th. Coronation Purse.
TROTTING RACE; mile dash to "
harness; free for all !l year olds
bred in the Kingdom.
8th. Leahi Cup.
MULE RACE; mile dash; fiee for
all; catch weights. '
9th Lunamakaainana Plate.
RUNNING RACE; mile dash; free
for all horses bred in the Kingdom ;
weight for age.
10th. Kohala Club Cup.
RUNNING RxVCE; mile heat?; best
2in8; Hawaiian bred lior.ses; weight
11th Graziers' Plate.
RUNNING RACE; half mile dash ;
free for all 2 year olds; catch
12th. Amateur Cup.
ONE MILE DASH; owners to drive
free for all riacers and trotters, to
wagon, that have never heaven 2:05.
13th. Hawaiian Jockey Club Purse.
RUNNING RACE; mile dash; free
for all 3 yeai olds bred in theKinj;
14th. Poney Eace Cup.
MILE DASH; open to all ponies
bred in tho Kingdom, not over 14
hands high; catch weights.
15th. Kahuku Cup.
MILE DASH; freo for all 4 year
olds born in tho Kingdom. ,
RUNNING RACE ; mile dash ; open
to nil horhes bred in the Kingdom
that have never run at Kapiolani
TROTTING RACE : mile dash ; lire
for all express horses.
FOOT RACE, 200 YARDS.
All Races to bo under the niles of the
Hawaiian Jockey Club.
Copies of tho Rules and Regulations
of tho Club can bo had by owneis of
hoises upon application to tho Secre
tory, Price 25 p ents.
Purses will bo published as soon as
J. E. Wiseman is appointed and em
powered by tho Executive Committee,
and under tho supervision of tho Socrc
tary, to make all Paik and Racing ar
ragements, subject to their approval.
C. O. BERGER,