The Pacific commercial advertiser. [volume], March 26, 1901, Page 2, Image 2

About The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921

Image provided by: University of Hawaii at Manoa; Honolulu, HI

                
THE PACIFIC COMMERCIAL ADVERTISER: HONOLULU, MARCH 26, 1901.
Large Shipment
Cleveland
Bicycles
JUST ARRIVED. WE WILL SELL AT
$35.00.
Everybody knows the CLEVELAND
RETIREMENT
OF COINAGE
.
Text of the Knox
Report In Its
Favor.
THE MEASURE
WILCOX SPOILED
E. 0. Hall & Son, Ltd.
HALL BUILDING. CORNER FORT AND KING STS.
Some Interesting Statistics of the
Monetary Resources of the
Republic.
THE SEASON S LHTEST
MILL NBRY
Bare Combinations in Economy and Style
THE M. E. KILLEAN CO.. Ltd.
ARLIWQTON BLOCK.
HOTEL STREET.
The Advertiser acknowledges the re
ceipt from Senator Bard of California
of the following report of Mr. Knox, from
the Committee on Territories, on Mie
retiring of Hawaiian coinage and curren
cy: The Committee on the Territories re
port favorably, with amendments, the
bill (S. 592-S) relating to the retirement
of Hawaiian coinage and currency, and
in support of such report quote from the
report of the Hawaiian commission rela
tive to Hawaiian currency:
THE HAWAIIAN CURRENCY.
The gold coins of the United States are
the only unlimited legal tender. (Civil
Laws, sec. 665.)
Hawaiian silver coins are legal tender
for amounts not exceeding $10. United
States dimes and half climes are also le
gal tender in limited amounts. (Civil
Laws, sees. 666 and 667.)
Coinage. During the years 1884, 1885
and 1S86 the following Hawaiian coins
were put in circulation, having thereto
fore been coined at the United States
mint in San Francisco (Biennial Report
Minister of Finance, 1890, p. 7):
Dollars ! MO.W
Halves 350.000
Quarters
Dimes
125.000 1
25.000
Manicuring and Hair
Dressing ....
ON THE PREMISES
This is the only Hawaiian coinage ever
executed. r
Paper Currency By Session Laws.
1895, Act 19 (Civil Laws, sees. 672-675), the
Minister of Finance was authorized to
issue, eold and silver certificates of de
posit upon setting aside sufficient of the t qu,rpg thp dt,posit of customs' receipts
society
people
throughout the
world have made
Cyrus Noble
whiskey the lead
ing brand.
Its pure and
old.
One and three
crown.
v5t- J
T-fwneotive coins for the payment of such
certificates. The Act also provided for
the retirement of all outstanding certifi
cates of deposit.
Under this authority certificates of de- !
posit have been issued to the amount of
1272,500, for the redemption of which sil
ver coin is now held in the treasury. 1
These certificates have Deen issuen iu
the following denominations:
Hawaiian islands should be Identical and
uniform in all respects with that of the
United States. The silver coins known
as Hawaiian coins should be retired at
their face value and converted into sil
ver coins bearing the impress of the
United States.
The coins for Hawaii which were
struck at the mint of the United States
at San Francisco are identical in fineness
and weight as to' denomination with
those of the United States.
After a careful reading of Senate bill
rtf" I find no objection to its passage,
but everything to commend it, and trust
the same will be enacted into law at an
early date. Respectfully,
L. J. GAGE,
Secretary.
HON J I?. FORAKER.
United States Senate.
Subsequently the following letter was
received by the committee from Hon.
William R. Haywood, late internal reve
nue collector for the Territory of Ha
waii: Washington, D, C., Feb. 11. ($01.
Sir: I have the honor to invite your
attention tu a recommendation made by
the Secretary of the Treasury on page 19
of his last annual report, that liberty be
given the collector f customs for Ha
waii to deposit receipts at the Govern
ment depository Instead of shipping the
coin to the subtreasury at San Francisi o,
as lie is now compelled to do by the pro
visions of section 3153 of the Revised
Statutes.
From July 20 to December 7. 1300, the
collector of customs at Honolulu paid
$2,0S2.70 for freight on $427,20L'.,",2, sent
from there to San Francisco. These fig
ures are official.
l'rior to the designation of a depository .
at Honolulu I, as collector of Internal
revenue, was compelled ta ship my col-
lections to San Francisco. The trans- j
portation companies charge one-half of i
l'per cent freight. This was about half
what it cost the Government to collect
it.
The Secretary' makes his recommenda-
tion because of the inconvenience and j
cost to the Government.
The bulk of the Government receipts
from the Territory will be collected by
the collector of customs, which must by
law be deposited in the subtreasury. !
This will not leave enough Government I
funds In Honolulu depository for Federal '
expenses. Thus a double expense will be
Incurred by reason of the necessity of
shipping currency back to the Islands.
It is estimated by one of our leading
bankers in Honolulu that $1,250,000 will be
shipped to San Francisco by the collector i
during the present fiscal year. This will j
be a great drain on the circulation of a ;
community so isolated as Hawaii.
The Secretary In his report says:
"At present the collector of customs in
Hawaii is obliged to send all moneys ;
collected by him on account of duties on ,
imports to the subtreasury at San Fran
ctscp, while public moneys required for j
use in Hawaii may, as a consequence, j
have to be transmitted by express or
otherwise to the Islands. Thus double
expense, Increased risk, and unnecessary
delay in the public business may be and
are occasioned. There seems to ne n
good reason why customs receipts of
Hawaii and other Island points should
(not) be excepted from the provision of
section 5153 Revised Statutes, which re-
n
Whitney & Marsh, Ld Whitney & Marsh, Ld
THt
Princess Gown
u$
When the PRINCESS GOWN made its bow
here a few weeks ago it took our breath away
Ihe lines were trying-too trving for any hut
tall women.
Since then it has been worked with and re
made and so beautified that you, who saw it first
will scarcely recognize in the soft graceful flow
ing beauty of this, the stern lines of that.
It is a case of the ugly duckling over again.
All last week women crowded our Dress
Making Department where it, and other beau
tiful dresses, are being made.
There are some wonderful new embroidered
Swiss dress patterns in evening shades which
came to us on the last steamer. When you see
their delicate workmanship, you will not be able
to help falling in love with their sweet, artistic
quaintness.
Then there's that new "Straight Front"
Corset but we told you ail about that la-1
week. Perhaps you've noticed though, that it
has forced the price of the old-fashioned, out-of-date
corset down to c;o cts. Pretty good sign as
to what's going to become of the old corset, isn't
it?
Whitney & Marsh, Ld Whitney & Marsh, Ld
BELLINA LEAVES
CLUB STABLES
The Weil-Known Reinsmm Can't
Hit it Off With the
Directors.
a subtreasury. Liberty should be given
to collectors of customs at the places In
dicated to deposit receipts with designat
ed depositories, af is now permitted by
law in the case of collectors of internal
revenue."
i If it is possible at this late date to
change the law so as to allow the de
! posit of custom receipts at the United
savins win up
. States depository, a great
5 dollars $12,500 ,-iTected to the Government and the busk
in dollars 35,000 i ness community of Hawaii relieved of the
on dollars 50,000 dnnger of a contraction of Its currency.
in dollar 75.000 r am. very respectfully.
1,1. 100.000 i WM. HAYWOOD.
l'.n.' VAVtia.?
company. It is understood that oerta
new stockholders attempted to trannt. h
the blame for alleged shortages to Mr.
HellLna. who, declining to becomn
scapegoat, stepped down and out. At
wie meeting neia on the ISth inst. Mr.
Kellina. although the largest stockhold
er wa.s not given an office.
Mr. Bellina will shortly start up in the
carriage business on his own account,
and will run bis establishment in con
junction with that of W. W. Wright anl
Son's new place, on King street.
George T. Kluegel, assistant manager
of the Club stables, has also resign."!,
and is now acting as salesman for Bchu
man and Company. To an Advert?
porter he said yesterday:
"I have worked very hard for th
good of the concern, but the constant
not in authority
Charlie Bellina, the well-known driver
and owner of Lustre, for the past five
years manager of the Club stables, has
resigned his position.
The Club Stables, first incorporated for
$25,000, and became financially involved j fault-finding by those
owintr lo a fatHnar oft of its hunlnraa due ! waa much for me
to the unsettled political conditions of
the country, and Its affairs were "placed
in the hands of a receiver.
G. Schuman purchased the stables :n
February, 18, for $6,300 and , Bellina was
made manager in the following month.
Taking charge at a time when the valua
tion of the property had decreased over
There remains outstanding of old Issues
of silver certificates made under former
laws a total amount of $39,500. No record
remains In the office of the Finance De
partment showing the denominations of
these certificates, but silver coins are on
deposit in the Treasury for their redemp
tion. Although authorized by the Act above
cited, no gold certificates have been Is
sued. The Hawaiian currency consists
therefore of silver coins amounting to
$1,000,000. of which $312,000 Is in circula
tion in the form of silver certificates.
Hawaiian currency in the Treasury at
this date (August 23, 1S9.8,). exclusive of
silver held for redemption of certificates.
Is approximately $101,500.
By the statutes authorizing coinage of
silver (Session Laws, 1880. chap. 37. and
Session Laws, 1S93. chap. 8), all coins
were required to be made of the same
weight and fineness as the United States
coins of the same value.
S. M. CULbOM.
HON. JOSKPH B. FORAKER, Chairman
Committee on Pacific Islands an l
Porto Rico, United States Senate.
The committee recommend the follow
ing amendments of the Senate bill:
strike out
the stand-
$18,1X10, he succeeded in making the stables
a popular and paying Institution.
Schuman finally sold out for $15,000.
and in 1899 the stock had Increased in
value from $15,000 to $30,000, which in
crease was turned over to the share
holders. At the time of the plague visitation
the stables were closed for six weeks
under orders from the Board of Health,
and the resulting loss w.as stili further
"I uphold Bellina in the jKJsitinn bj
has taken in regard to the matter, ant
I feel that any fair-minded person famil
ial' with the circumstances would do tl.e
same. I am a stockholder In the con..
I pany, and as such cannot understand
i why Mr. Bellina, who Is the larc- st tr.
j dividual stockholder In the company
i should have been Ignored at the recw
I meeting. Such action Is almost tinprev
dented in the history of corporation "
i m page 1, lines 4, 5 and 6
the words "or abraded below
A Twentieth Century Deal.
A young Philadelphia rounder ho
thought he had seen the limit In
strange happenings, ran up against .
new one, relates the Record. He drift
ed into a hotel bar for a drink, iinrl
while standing at jfoe bar an elderly
augmented by the compulsory demolition man, very nicely dressed, and with .-v-of
the entire frontage' of tne Fort street , rv indication of nrosneritv. if not
ard of circulation applicable to tne coins ouuaing, ana tne ceamg oi a s"M WPai,n rnme in ..n1 oriered a drink
W. C. PEACOCK & CO., Ltd
SOLE AGENTS FOR HAWAII TERRITORY.
Sir: In the year 1883, by .Act of the
Legislature of ' the Hawaiian Govern
ment, the sum of $1,000,000 was authorized
to be Issued in Hawaiian silver curren
cy. This amount was coined by the
United States Mint of the same weight
and fineness as the corresponding amount j tnt?
In TTniterl Strifes silver currency. The
denominations were:
l-dollar pieces
50-cent pieces
25-cent pieces
Dimes
$",00,000
350.000
125,000
25.000
I Total $1,000,000
j Of this amount the dime has practl
i cally gone out of circulation. Of the en-
' tire amount a fair estimate would be that
j $50,000 (including the dimes) have gone
! out of circulation and disappeared. There j
j remains, therefore, the sum of $950,00. '
of the United States."
Also in lines 9 and 10. page 1, strike
out the words "But they skall be re
coined in the mints as United States
i coins.
Also in lines Z and A, page 2, strike out
the words "in pieces of the same denomi
nation as nearly as may be," and insert
in place thereof ''under the direction of
the Secretary of the Treasury into such
coins of "the United States now author
ized by law as he 'may direct."
Also in lines 16, 17 and 18, page 2, strike
out the words "when the same a i? not;
. . V t , .1 I. . , I . . V, 1 .. ..-..! c r. n r4 n
UIUWK1U iiryun llir Idn lui aiaiiuaiu kjl
circulation."
Also in line 1, page 3, strike iut (he
words "or abraded below such - tank
ard." In striking out the words "or abraded
below the standard of circulation appli
cable to the coins of the United States,"
wherever they appear In the bill, the
committee but conform to the rules of
United States Mint, as there is no
standard of abrasion adopted :.t tne
mint, and the words iu the bill are mean
ingless. By the amendment In line 14, page 1.
the Secretary of the Treasury Is givp.i
discretion as to the denominations in
which Hawaiian currency shall be re
colned. The Secretary himself said that
he should like such discretion, and It is
apparent that It Is not possible to.- fore
tell In what proportions the various de
nominations of the Hawaiian ciToii.'y
shall be found to be when they are col
lected together for recolnage. Indeed, It
is suggested that the dime has aires iy
15-eent whisky, inquiring at th.
of leasehold for the proposed extension
ot' Pauahi street, and the ereetlonaf a
two-story concrete building on the site time if that brand were not sold It
of the old stores. j the rate of two drinks for a quarter
In spite of these serious drawnacKs. tne i
concern still prospered under Bellina s
management, and in August, 1900, the
capital stock was increaseu from $30,000
to $50,000. and the Pantheon and Hotel j
stables were Incorporated with the Club
stables.
Bellina was vice president of the cor
poration from August 14 last year, being
an unexpired term.
Tt 1c rnmnroil tnnl there hnvn hen
; less bookkeeping entirety apart from the I '
. i, rw.-.f 'General Miles.
' Iill!ll?-"I1I.II I . Liiene umi in .1 "tin, ..u... . .
i.. . - . . u i tlaman mitVinnl lno.lr intr 11 n from n'
tne control or tne treasurer, as iirunum -v .B
i for In the by-laws and charter of the paper. Chicago Times-Herald.
Upon receiving a reply in the aifrrm;
tlve the old chap produced a flafk.
laid down a quarter and asked Uh
bartender to put the other drink in IB
bottle to take away with him TV
bartender, dazed, did bo without
word, and the inciiJ'mt closed
lCkM
i "Pa," asked little Georgi--.
ithe pomp and circumstance of w '
replied the Old gen-
f Regain Your Strength!!
wise people
who really understand
what good whiskey is, invariably order
Greenwood
a pure old fashioned
Kentucky Sour Mash
Aged in Wood.
Distilled from selected grain
H. Hackfeld & Co., ltd
Qeal Ageota.
approximately, in awanan stiver cm - , disappeared -from circulation. There is
rency that are legal tender under the no reason to suppose that such a d crc
present laws and Institutions of this : tion an the part of the Secretary of the
country to the amount of $10 in any one ' Treasury would be exercised otherwise
payment. This currency, however. Is than for the best Interests of the Hawnil
only of value to the remaining portions ;ln people and the United States,
of the United States as Uh pure silver . a .
bears to the piece, based on the current
value of silver for the day.
While your honorable body is consider
ing the subject of the obligations of this
Government, I desire to call your atten
tion to the subject of Its withdrawal
from circulation and substitution by a
coin that would be legal tender In all
parts of the United States.
Owing to the nature of the population
of this country, silver will always be
used here to a greater or less extent, and
I desire to press uponyour attention the!
necessity of considering this Important
subject while the Hawaiian commission
Is In session.
I have the honor to h. sir. your obe
dlent servant, S. M. DAMON',
Minister of Finance.
HON. 8ANFORD B. POLK,
Of the Hawaiian Commission.
i .
Swore at a Lacy.
The man who drove car" 17 on the Ber
etania street line last night is a rare cu
riosity even in Pain's varied collection.
The constant ringing of the bell for
the car to stop whenever passengers
wanted to alight seemed to aggravate
the man's temper, and by the time he
reuched Central Union Church he bem
to mutter against the passengers who
compelled him to wind and unwind his
brake so often. When at last Kmma
street crossing was reached, a lady
reached up and pulled the bell cord.
There was no attempt on the part of the
driver to stop his car and mules. Tha
cord was again pulled, and then a third
time. The driver looked back Into the
the door of which was open, and
The committee of the ste referred f car. tne aoor or wnicn wa.s open.
the hill, after it was Introduced to the before commencing to put on the brake,
in a very ioua voice,
folks get through pull-
"When you
Secretary of the Treasury with the re- j said profanely.
quest mat he examine the same and give j
the committee the benefit of his opinion j
with rspect thereto. Tn response, he sent !
to the committee, the following letter:
Treasury Department, Office of the Sec
retary. Washington. Feb. 9, tSBL
Sir: I have the honor to acknowledge
receipt of your letter of the 8th instant.
Inclosing Senate bill No. Si2S, relating to
the retirement of the Hawaiian coinage, Authorg wnose Rovels ar.h!eve a mo.
and currency, and also report made to . entarv popularity and are then en
the House of Representatives March 2S : ..,fpd in oblivion will he nained to
by the Committee on Territories to ac- , ,earn that "Called Back" sold 33.000
company House 1.111 No. 7091. relative to j coples last year. The total sales of the
! Hawaiian silver coinage, upon which you book since its publication have reach
' ask an expression of my views. led 400.000 copies, and others of the lurid
in .epiy, i wuuia aiaie uuti n eij j v.onway
drslrable that the money used in the well.
Ing that bell. I'll stop!"
Then the fellow condescended to put
on the brakes and the car stopped m
1 front of Dr. Mori's office, almost a quar
ter of a block beyond where the lady de
' sired to alight.
No "Dark Days" for "Called Back
tales have done almost as
Dr.
Electric Belt-
ur-of
McLaughlin's
T h mn whns vltalltv is eThnuoted and who finds him?''
while still young In years, a broken-down wreck of what he ought
to be, the DR. McLAUGHDIN ELECTRIC BELT Is full of enc
agement. It is the success of the age In elevating the condltlci
men suffering from a loss of vitality. ,
DR. MCLAUGHLIN'S ELECTRIC BELT is worn while you s. ' P
For six or eight hours every night it pours a steady stream of e.ec
trlclty Into the nerve center, saturating the weakened tissues ariQ
organs with its life. This Is strength. From It comes the vim.
energy, the fire of perfect physical and mental action. It renews uie
health and happiness of all men.
THOUSANDS PRAISE IT.
thousand people praising Dr. MrLauglln's I
1 them of Nervous Debility, Physical D
There are ten
Tel t now Tt cured
Rheumatic Pains. Weak Kidneys, Lame Back, Neuralgic
Pains
oo'nn.', Tnr-Tiri T.ivp and other ailments which go to make U'
miserable. It cured them and restored the Joyous spirit of health na
strength. That Is why they praise it so. It has made them feel i
all the world is their friend.
Send fo fly Book Fee!
Illua- i
. . .. j i i Mtm en mum beautifully
trated, will be sent, closely sealed, free to any man who wisn
recover his vigor, and any man will enjoy reading it. Write lor
Dr. M. G McLaughlin,
702 Wsrket Strt
San Franc Kt".
Cabforri