Template:Did you know nominations/Kalākaua coinage

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Kalākaua coinage

Kalākaua dime
Kalākaua dime
  • ... that in order to put the silver Kalākaua coinage (dime pictured) into circulation, Claus Spreckels formed the Spreckels & Company Bank in Hawaii? (128 characters)

Spreckels, who arrived from San Francisco on January 9 with two of his business associates, W. G. Irwin of Honolulu and F. F. Low of San Francisco, proceeded to put the Hawaiian silver into circulation through various outlets that were available to him, such as the plantations which he controlled, the firm of W. G. Irwin & Company, and the banking firm of Spreckels & Company (Claus Spreckels, W. G. Irwin, F. F. Low), which opened for business on January 14, 1884. The attendant circumstances indicate that a main function of this institution was to aid in putting into circulation the Hawaiian silver coins. By the middle of June the entire million dollars of Hawaiian silver had been received in Honolulu. It consisted of $500,000 in dollars, $350,000 in half dollars, $125,000 in quarter dollars, and $25,000 in ten-cent pieces.source

Created/expanded by Wehwalt (talk) and Maile66 (talk). Nominated by Maile66 (talk) at 18:14, 13 April 2017 (UTC).