Newspaper Page Text
AT A MEETING of His Majesty's
Cabinet Council hold to-day tlio follow
ing resolution was passed.
Rcaolvcd that the Minister of Finance
ho and ho is hereby authorized to re
quire tho payment of Customs duties In
United States Gold Coin according to
law on and after the 1st day of June,
JNO. M. KAPENA,
Minister of Finance.
May 15th, 1884. 715 tf
THE UNDERSIGNED have formed
a copartnership under tho Arm
name of " SPRECKELS & Co." for the
purpose of carrying on a 'general hank
ingand exchange business at Honolulu,
and such other places in tho Hawaiian
Kingdom as may be deemed advisable
(Signed) CLAUS SPRECKELS.
" Win G. IRWIN.
" P. JF. LOW.
Honolulu, Jan. 14th, 1884.
Referring to tho above wc beg to in
form the business public thfft wo are
prepared to make loans, discount approv
ed notes, and purchase exchange at the
best current rates. Our arrangements
for selling exchange on tho principal
points in the United States, Europe,
China, Japan and Australia are being
made, and when perfected, due notice
will he given. We shall also be prepared
to receive deposits on open account,
make collections, and conduct a gener.il
banking and exchange business.
010 8mb (signed) SPRECKELS & Co.
BISHOP & Co., BANKERS,
Honolulu, Hawaiian Islahds.
Draw Exchange on the
Bank oil Oalilbiuiia, 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 Sydnej',
The Bank of New Zealand: Auckland,
Christchurch, and Wellington.
The Bank of British Columbia, Vic-
toria, B. C. and Portland, Or.
Transact a General Banking Business.
GG9 ly b
can be had from
J. M. Oat, Jr, & Co Merchant st.
T. G. Thrum Merchant st-
Stole gaiJg wUti,
Fledged to neither Sect nor Party.
Bat established for the benefit of all.
WEDNESDAY, MAY 28, 1884.
THIS EVENINC'S DOINGS.
Oahu lodge, No. 1 K. of P. 7:30
Bethel Prayer Meeting, at 7:30.
Fort St. Church, Prayer Meeting
St. Andrew's Cathedral, usual
Lyons & Levey will sell at 10, at
the residence of Dr. Timelier, furni
ture, house and lot, &c.
BANKING BUSINESS. -
As this country is invited to take
a course of easy lessons in banking,
it is well to look into the thing in
advance. A banker takes money on
deposit which he lends for higher
interests than be pays. This includes
"discounting." He draws bills of
exchange and letters of credit, which
is banking proper. But in the eye
of the average American, there is no
bank business like that of issuinq
If a bank of issue professes to
keep on hand any coin to meet pay
ment of its bank notes, it never
professes to keep coin equivalents to
pay all its notes, for if it did, its
only gain would be in the destruction
of its notes by fire, water and other
wise, from which causes a large
percentage of bank notes are never
' presented for payments. A bank
also reckons on using its deposits to
meet "runs," and of course relies
on the community not losing con
fidence in the solvency of the banlc
so far as to rush in its notes too fast
Having or starting with a certain
quantity of coin, say CC per cent of
tho value of notes to be issued, then
the grand profit of banking comes
in. A bank having by law the
power to issue its own notes, and to
compel all persons to take these
notes as money, in payment of debts,
may bo regarded as receiving a gra
tuity or present of tho amount of
money, for which it may issue notes
in excess of its coin. No bank in
this country has heretofore hail such
Sprcckcls' proposed bank chaitcr,
however, requires no coin for its
"basis." Ho .loans $1,000,000
silver coin to the Government, on
which he starts with 14 per cent,
profit on the dollar, and 21 per
cent, on the half dollars, as com
pared with the cold coin in which
the Government six per cent, bonds
arc payable, which he gojs for this
silver. These bonds arc free from
taxes, and serve instead of a coin
basis, on which ho asks tho Legisla
ture to authorize him to issue another
million dollars of his bank notes as
equivalent to money.
The gentlemen Messrs. S. G.
Wilder, T. R. Foster, abd, to the
surprise of many, James Campbell,
who have associated themselves with
Mr. Sprcckcls in applying for this
bank charter, have usually been re
garded as having the public good in
view, but in this matter they will
find that Hawaii docs not take kindly
to lessons in this kind of banking.
We prefer hard cpin and U. S.
gold at that, to any man's promise
to pay on demand. It may be ill
natured, but it is proper to ask what
assurance the public, would have,
that they can always get coin of an'
kind on presentation of such pro
mises to pay, for that is what hank
notes are. Is the assurance to come
from the report of an" "Auditor
General," or of a "Minister of Fi
nance," that he has "examined and
found correct" the pile of securities
which are to stand in lieu of coin, or
that he has counted the coin, if there
If these securities the Hawaiian
bonds should ever depreciate in
value, the holders of the bank notes
will be the losers. If tliiB Sprcckcls
bank shall be authorized to issue its
paper for a million dollars, with pri
vilege of two millions, as proposed,
that paper will soon be the only cir
culating medium, the only money in
the country. This is sure, neither
Bishop & Co. nor any one else can
compete with it, for no competitors
could have the one or two million of
untaxable bonds to serve in lieu of
as a iurtner result or sucn a
scheme even the depreciated silver
coin now here would gradually leave
at whatever loss. Especially Chinese
desiring to send money to friends in
the interior of China, where bills of
exchange arc unheard of, must send
coin. The million of Sprcckcls'
silver and the half million or so of
American, French and Mexican silver
now here, would then steadily be
sent 'away, or hoarded with nothing
but the paper of the Sprcckcls bank,
secured by the bonds of the Hawa
iian Government, available for cur
rency, the internal enemies as Mr.
Kapena seriously terms the gold
seekers, would be likely soon to in
clude every one outside the bank
and Government House.
Wc are a patient community.
There are only a few constitutional
growlers and soreheads, who growl
because they are jealous and spite
ful, but those who undertake to
manage the finances of this country
may expect stern criticism of then
acts. THE LAWMAKERS.
Hon. Godfrey Brown is a fear
less man, one who will do his duty
no matter what the odds.
Ex-Governor Low, with anxious
thoughts intent upon the bank mo
nopoly bill, occasionally appears in
the Assembly room.
The Daily Hawaiian man is
very free with his denunciations of
the work of the Assembly as 'ksliild
ish squabbles and senseless mo
tions." John D. Sprcckels, Esq., barely
visits tho Assembly, but all the same
is working hard for the bill; he
looks, however, as innocent as a new
When the Attorney General
gets excited, he chows something
vigorously ; wc do not believe it to
bqtenpenny nails, hut think it is
nigger head tobacco.
Samuel Parker, Esq., also shows
himself now and then, but it is not
apparent from his physiognomy that
he cares a Kalakaua dollar whether
the bill passes or not.
The Ministers sprang to the
rescue of the Auditor General with
breathless anxiety. And on tho
vote, summoned al ltheir forces,
rank and file, to pull him through.
Docs the Minister of Foreign
Affairs' memory carry him back to
the occasions when ho was opposed
to the Ministry? If so, ho must sec
the poetic justice of the retribution
which is befalling him.
Many voted to accept the Au
ditor General's explanation of his
djrect violation of both the letter
and spirit of the law, because of
fiicndly feeling for him. This was
wrong, and a breach of faith to the
public. When friendship is to pre
vent justico and defeat good govern
ment, it is outrageous.
The statements of the Finance
Committee place Mr. Walker, the
Auditor Geneial, in a most unfavor
able light. Whatever his inten
tions, he seems to have lent himself
to a most improper couisc, in rcprc
scnting the estate of a Government
contractor. He actually audited ac-
. counts which he himself presented,
and tlmn collected the money. It is
absolutely immaterial whether he has
chosen to charge a commission for
his services or not, he represented
interests which conflicted with the
Tuesday, May 27.-r-Continucd.
Mr. Kaulukou cave notice of a
bill to authorize the Minister of In
terior to grant a license to II. J.
Nolte to sell lager and other light
beers at the Casino, Kapiolani Park.
On suspension of the rules the bill
was read a first time, and a second
time by its title.
Mr. Isenberg moved the bill be
referred to the Committee on Com
merce, lie" thought it hardly fair to
give special piivilcges to one man and
leave others out.
Ir. Dole seconded the motion, he
was on the Committee and would
like to peruse the bill. He had
nothing against Mr. Nolto, would
say he was very fond of his coffee.
Mr. Palohau said if the license
was granted everyone would be going
out to Kapiolani Park to drink these
light beers. If any one came to
Kauai they would suffer for the want
of them. He thought the license
ought to be general throughout the
Islands, there was no harm in such
Mr. W. O. Smith said that people
living in that vicinity hoped no such
license would be granted, thev did
enjoy peace and quietness at the
present time, but if a license were
granted they did not look for such
results. The bill was referred to
Committee on Intoxicating Liquors.
Mr. Martin gave notice of a bill
to amend Chapter Id, Session Laws
of 1878, relating to cases of deser
tion between husband and wife.
Mr. C. Brown read, first time, a
bill to amend Chapter 32, Laws of
1882, relating to licenses for express
drivers. Passed to second reading.
Mr. Walker wished to call the
attention of the House to Mr. G.
Brown's remarks of the previous
day, that he had certain documents
in his possession showing that he
had occupied himself in other pro
fessions than that of Auditor Gene
ral. He would like tho matter to be
Mr. G. Brown srtid he had posses
sion of evidence.
' Tho President said if the honorable
member had any .evidence it would
be in justice to Mr. Walker to pro
Mr. Aholo said the Committee of
Finance is giving items to certain
The Attorney General said he was
sorry the matter had come up. Mr.
Walker said he had not broken tho
law, and tho Chairman of Finance
said he had. This affects the House
altogether." If there is any evidence
it should be produced at onco. It
is ao slight matter, and the state
ment that the Auditor General has
been guilty of lying, perjury, etc.,
is not for the newspapers to attend
to, but for this Assembly.
Mr. G. Brown was requested to
present his evidence at onco, and the
honorable member withdrew for that
Mr. Pilipo offered a resolution
asking tho Minister of Finance
whether tho tax assessor of Honolulu
had power to request policemen to
collect certain taxes not authorized
by law. Laid on table.
At this point Mr. G. Brown re
turned and proceeded to lay before
the House several documents rela
ting to estate of the laic J. G. llny
scldcn, with the Auditor General's
signature as Executor, anil also as
Auditor Geneial. Ho could produce
many more suuh documents if required.
Minister Neumann asked the hon
orable member if his rcpoitod
statement depended on these papers.
Mr. Brown thought they were
quite sufficient. Ho could also call
on two members of the House who
had done business with the Auditor
General if necessary.
Mr. Walker said he accepted the
executorship at tho request of the
deceased on his dying bed, and all
the contracts wore made with tho
Government before he accepted the
position, he only did so after
seeking the best legal advice in the
country. He had done nothing more
than a duty to a friend, and had not
received any emolument.
Mr. W. O. Smith rcgicttcd the
matter had come up, it was rather
premature. He would submit some
matters which showed exceeding im
propriety and a direct violation of
the law by the Auditor General. The
attention- of the House was then
called to two contracts, relating to
bridges built on Kauai, showing that
Mr. Walker acting as agent for the
late J. G. Ilayselden, had settled
with the California Bridge Co. for
work done. There seemed to be an
intent to rebuke the Finance Com
mittee and he could not let it pass.
The law says the Auditor General
shall not follow any employment, yet
he had also acted as agent for an
insurance company, a stable com
pany and engaged in shipment of
goods to California.
Minister Neumann made a motion
that the House accept Mr. Walker's
explanation as satisfactory. Acting
as agents for an estate were there
are no emoluments is not against the
law. The Finance Committee ought
not to make statements for the bene
fit of the newspapers to the detriment
of the Auditor General, and to this
House. Let them make them in the
House, and not spread them broad
cast about the city, it was unfair to
Mr. Walker and to this House.
Mr. C. Brown said to his own
knowledge Mr. Walker had trans
acted business, in fact he had done
business with him himself. The
spirit of the law had been broken. I
hope and believe that Mr.' Walker
has not received $1 for his services.
It was impossible for him to hold his
public office and transact private
business. I don't believe the Fi
nance Committee has given any
statements to the papers, if they had
they ought to be censured and I
would be the first one to move such
Mr. Walker said he had nothing
to do with the making of those con
tracts, and knew nothing about the
affairs between the deceased and the
Mr. Dole said that no man can
serve two masters. There had been
a great deal said about the Auditor
General not accomplishing anything,
and the reason could now be seen.
This House could not support any
servant who had broken the. law. He
did not think the House would
resolve itself into a whitewashing
Minister Gibson thought the. mut
ter hinged upon an interpretation of
the law. If a person could not act
as executor for his brother or sister,
then the law had been broken mo&t
flagrantly. Mr. Walker had been
elected President of the Hi' mane
Society, there was a good deal of
work attached to that position but
he had not received any emolument.
The statement nmdc by the Auditor
General should be accepted, and ho
would move the previous question.
Minister Neumann said that in
Ancient Troy there was a prophetess,
who always prophecied right but no
one would believe her. In this House
there were several members in the
same profession as himself who
always turned his statements, and
made it appear that ho bad said
something he did not intend to. If
the Auditor General has broken the
law, the House should impeach him.
As yet tliero was no proof that he
The Attorney General's motion
was carried, and the House ad
journed at 4:15-i m.
Wi;i)ni:sday, May 28.
The House assembled at 1 1 si,
After prayer by the Chaplain, the
minutes of the preceding dayvcro
lead and approved.
Mr. Kamakelu presented a petition
thnt.thc word "servant" be stricken
out of the servant and masters act,
it being a very objectionable woid.
Laid on table. Also that a magis
trate bo appointed for tho leper settle
ment at Kakaako and Molokai.
Mr. Kauwila, that no crown lands
be leased to persons not living on
such lands. Laid on table. Also
that Dr. Hammond be appointed
physician for distiict of Ilanalci,
with a salary of 84,000 per annum.
Mr. Kaulukou, that tile law lcla-
ting to water
and rights of
way be amended mid a commissioner
bo appointed at a salary of $500.
Referred to Judiciary Committee.
Mr. W. O. Smith from the special
Committee appointed to examine the
bill relating to the suppression of I
disease among animals, reported the
framing of a new bill. The bill was
ordered to be translated.
The Attorney General rend, first
time, a bill to amend Sections 1,00C,
1,007, Civil Code, relating to ap
peals. Read a second time by its
title and referred to Judiciary Com
mittee. The honorable member also read,
first time, a bill to amend Section
o52, Civil Code, i elating to Custom
House collections. Read by its title
a second time and referred to Fi
Also first time a bill to endow a
chair of national science and chemis
try at Oahu College. The bill is
intended to appoint a professor for
this department at a salary of 1,200
per annum. Read a second time by
its title and referred to Committee
Mr. Baker read first time a bill for
lighting Honolulu by gas.
On suspension of the rules the bill
was read a second time by its title,
and referred to the following special
committee: Messrs. C. Brown,
Baker, Wilder, Minister of Interior
Mr. Palohau offered a resolution
that as the newspaper called Pac
Aina has published certain defama
tory articles about the members of
this House, by saying the' are in a
destitute condition, and beggars, the
Assembly call the editor of this paper
before them, and he be dealt with
according to Article 52, of the Con
stitution. MrTKalua supported the resolu
tion ; the reporter of the Paa Aina
had a seat in the House, was well
treated, and mere was no occasion
to show such disrespect. He knew
that a number of the members were
continually going to Mr. Gibson's
for food. He had had an invitation
Mr. Aholo said the terms used
were pretty strong, he thought no
notice should be taken of it.
Mr. W. O. Smith said the article
had reference to the lunches pro
vided by the Minister of Foreign
Affairs. It was wiong of this mem
ber of His Majesty's Cabinet to in
vite Representatives to his board and
table openly and repeatedly, and
there discuss measures pending be
fore the House. Such unfair influ
ence ought to be condemned.
Minister Gibson thought it better
to let it pass by. He felt he was
not an illustration of newspaper
abuse, it greatly assisted him.
Auction Sales by Lyons & Levey
Fu'rniture for Sale at Auction,
At the Residence of Doctor Thatcher,
310 King Street, on
Vlini'Mtlay, May 2i)tli,
at 10 a.m. (on account of departure) will
be sold the entire
consisting in part as follows:
One Piano Caso Mclodeon, One Music
Stool, M. T. Center Table, Hair Cloth
Sofa, Sewing Machine, Baby Carriage,
2 Cliondelieis, 13. W. Bed Room Bet,
Cedar sot, imitation bedroom set, Plain
Child's Crb, Bedding, Spring and wire
Ma'trassri!, Mosquito Nets, Picture and
Pictuio Frames, Book Case, Book Caso
and "Writing Di'tk combined, Choice
Books, Cm tains, Lambrequins, Cornices,
Now Rcmjiigton Rille, B."W. Extension
Dining Table, Ciockory, Glass and Tin
Ware, Knives Forks and Spoons, Cook
Stove, Oil Stove. Kitchen Furniture,
Meat Safe, Gaic'n and Barn TooIb,
Ai chery Set, 20 Fowls, etc, etc.
A good Carnage and Gaddlo IIoi3e,
kind and gentle lor a Lady to drive or
lide, 1 Two Seated Top Piano Box
Carriage, Harness, Saddle, Bi idle, etc.
A.1? 1 JXOOJS.
If not sold previous at nrivatn nnln.
will bo ofl'cied tho house and lot, extend
ing from King to Young Streets, bolng
101) x GOO Jeot deop. fa
etc.. f!tn. T
Houso and Out Buildings in thorough
lopairs, tho yard contaius many orniu
mental aud fruit trees, tho latter inchul.
ing the Guava, Pear, Mango, Plum and
Banana, a good neigborhood and within
easy distance of Town. As a icbldciico or
for a good investment, this is one of tho
most desirable piece of property in Ho
nolulu. Terms made known at time of
720 td Lyons & Levey, Auctioneers.
Ilouso contains ninoRooms, including
Kitchen, Pantry, and Bath Room, two
Barns. Caiiiago House. Servants Roam.
-TO ni: II KM) at
UNimn the auspices oi Tim
Hawaiian Joclei CII
President, JAMr.s Oami'ijkll.
Vice-President, F. S. Pkatt,
Secretary, C. O. Bnnar.it,
Ticasmer, Cecil Biiown.
Executive Committee, II. A. Widkmann,
C. II. Judd, Dr. J. S. McGr.Kw.
lth. King's Cup.
RUNNING RACE; 2 mile dash;
open for all; weight for age.
2nd. Queen's Purso.
TROTTING RACE; "mile heats;
best 2 in 3 to harness; free to all.
3rd- Kamehameha Plate.
RUNNING RACE; mile heats;
best 2 in 3; fiee for all ; weight for
4th Quean Emma Plate.
HALF MILE DASH ; for 2-year
olds; Hawaiian hied horses; cntch
5th. Princess' Cup.
TROTTING RACE; mile dash to
harness; free to all 2 year olds hied
iu the Kingdom.
6st Reciprocity Cup.
RUNNING RACE; mile heats; best
2 in 3- free for impoitcd hoises
only; weight for age.
7th. Coronation Purse.
TROTTING RACE; mile dash to
harness; free for all 3 year olds
bred in the Kingdom.
8 th. Leabi 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.
lOth.-Kohala Club Cup.
RUNNING RACE; mile heats; best
2 in3; Hawaiian hied horses; weight
RUNNING RACE; half mile dash ;
free for all 2 year olds; catch
12th. Amateur Cup.
ONE MILE DASIf; owners to drne
free for all pacers and trotters, to
wagon, that have never beaten 2:55.
13 th. Hawaiian Jockey Club Purse.
RUNNING RACE; mile dash; free
for all 3 yeai olds bred in the King
14th Poney Eace Clip.
MILE DASH; open to all ponies
bred in the Kingdom, not over 14
hands high; catch weights.
15th. Kahuku Cup.
SfMILE DASII;fieo for all-year
olds born in the Kingdom.
RUNNING RACE ; mile dash ; open
to all horses bred in tho Kingdom
that have never urn at Kapiolani
17th. Express Cup. .
TROTTING RACE: mile dash; tree
for all express hornes,
FOOT. RACE, 200 YARDS.
All Racc3 to bo under tho rules ol the
Hawaiian Jockey Club".
Copies of tho Rules and Regulations
of tho Club can bo had by owneih of
horses upon application to tho Secic
ta'ry, Prico 25 cents.
Purses will be published as soon as
J, E. "Wiseman is appointed and em
powered by tho Executive Committee,
.and under tho bupervision of the Score
tary, to make all Paik and Racing ar
ragements, bubject to their appiovn?,
0. O. BERGEll,