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title: 'The Daily bulletin. (Honolulu [Hawaii]) 1882-1895, June 04, 1884, Image 2',
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Image provided by: University of Hawaii at Manoa; Honolulu, HI
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Inspector General |
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THE rNDERSlGNED have funned
ix copartnership mulct the 111 in
numc of " SPRECKELS A, Co." lor the
purpose of currying on a general bank
ing unit exchange business nt,llonolulu,
unci such other places In the Hawaiian
Kingdom as may be deemed advisable
(Signed) OEAUS SPRECKEf.S.
win. u. iiiwin.
" F. P. LOW.
Honolulu, Jnn. 14th, 1884.
Referring to the nbovo wcjbeg to In
form the business public that "we nvo
prepaicd to make loans, discount npprov.
cd notes, and purchase oxchango nt the
best current rates. Our arrangements
tor selling oxcnangc on me principal
points in the United States, Em ope,
China, Japan and Australia are being,
uindc, find when perfected, due notice'
will be given. Wo shall also be prepared
to receive deposits on open account,
make collections, and conduct u general
banking and exchange business.
(110 3mb (signed) Sl'RECKELS & Co.
BISHOP &rCo., BANKERS,
Honolulu, Hawaiian Islands.
Draw Exchange on the
JBmilt ol Oiililbrniti, S. IF.
And their agents in
NEW YORK, BOSTON, HONG KONG.
Messrs. N. M. Rothschild & Son, London.
The Commercial Hank Co., of Sydney,
The Commercial Bank Co., of Sydney,
The Hank of New Zealand: AUokland,
Christchurch, and "Wellington.
The Rank Jof British Columbia, Vie-
toria, 11. C. and Portland, Or.
Transact a General Banking Business.
009 ly b
can be had fioin
J. M. Oat, .Jr, & Co Merchant st.
T. G. Thrum Mcichunt st.
Pledged to neither Sect nor Party.
But established for the beno&t of all .
WEDNESDAY, JUNE -1, 1884.
THIS EVENINC'S DOINCS.
Bethel Prnycr Meeting, nt 7 :l$0.
Fort St. Church, Prayer Meeting
St. Andrew's Cathedral, usual
THE ELELE P0AK0LU.
This neVspapcr, published in the
Hawaiian language, is generally
understood to be owned by Mr.
Gibson, and is edited by John Shel
don. We know that Mr. Gibson
resorts to newspaper tactics which
good citizens deplore, and which are
beneath a man who desires the pub
lic good. Most noticeable among
these methods is the endeavor to
awake race prejudice between the
native and the foreigner, wherever it
suits Mr. Gibson's purposes so to
do. But in spitc.of this, wc do not
believe that it is with Mr. Gibson's
knowledge or approval, that the
obscenety of some of the recent
.EVeZc.articles is indulged in.
The nature of these articles is such
that the owner, publisher, and writer
are liable to a t criminal prosecution
for indecent publications.
A repetition of ' the Coronation
Hula Programme Scenes in the
Police Court, with the Minister of
Foreign Affairs as central figure of a
tableaux, would not be gratifying to
himself nor edifying to the public.
We call the attention of the owner of
thcJSlele to this matter under the char
itable position that he is in ignorance
of it. .
MR. E. C. MACFARLANE ON THE BANK
Mr. E. C. Macfarlane has made
an enviable reputation for himself as
an implacable foe of monopolies of
all kinds in California, and we do
not expect to hear of him as being a
monopoly excuser or advocate in Ho
nolulu. Mr. Macfarlane, through the col
umns of the Advertiser, has taken
upon himself to stylo the Chamber
of Commerce as slow and sober buf
foons, and to intimate that other
members of the community have
employed their ingenuity in distort
ing and misrepresenting the motives
of the promoters of the Bank Char
ter. There is no doubt that there is
room for another legitimate bank in
tips city, but there is not, and there
never will be, room for a concern
which proposes to do business upon
any such basis as that proposed.
The whole scheme is based on
monopoly, and is to be managed by
that arch monopolist, Clans Spreck
els, in the interests of monopoly.
There can be no sitting on the
fence in this matter. No amend
ments can be made to this charter
which will make it a benefit to the
public, and the fact Hint the pro
moters of it will be bcnelitled is not
Biifllcicnt reason why the public
should give them what ihcy clesiie.
There arc many others in this com
munity who would like to go into
business of almost any kind with the
use of a million dollars for nothing,
but unless they can assign some
belter reason for giving it to them
than the simple one that they want
it, they are likely to go without il.
The proposed bank is not based
on the system of the American Na
tional Banks. In Unit system the
whole oi edit of the United Slates
backs every note, and every note is
payable in gold upon demand. More
over, it is under a general law which
allows any one, who conforms to the
requirements, to engage in business
under its provisions. The notes of
the proposed bank arc backed simply
by a six per cent. Hawaiian bond for
the same amount, which cannot be
sold for less than par, and out of the
proceeds of which nil expenses must
be deducted before the balance can
be paid towards the liquidation of
Wc do not want a bank of issue
of any kind, unless the notes issued
represent actual coin, and coin too
that can be used to pay debts with
in foreign countries. The present
paper money, being certificates of
deposit of actual coin, is a safe one,
and the only one which can be
used with justice to the community
This attempt to give an advantage
to a foreign ' monopolist over the
public at largo is the most serious
menace to the business prosperity
and independence of this country
which has appeared since there was
a community here to be affected,
and as such it is recognized by those
who have the interests of the com
munity and the country at heart,
and recognizing the fact they do not
intend to fold their hands and bow
their heads to the yoke of that most
soulless of ci cations, a monopoly
, In view of Mr. Macfarlane's later
explanation of his position in regard
to the charier, we conclude that in
spite of the little newspaper bun
combe with which lie opened the
ball, he stands upon the same gen
eral basis that the other opposers of
the bill do.
Correspondence is solicited on the top
ic of the day, or what may become so.
We icserve the right to excise purely
We do not hold ourselves responsible
for the opinions expressed by our cor.
respondents. Eu. .
Editoh Bulletin : It is thought
by some that a gold law will practi
cally be a law for the benefit of re
tailers, who export nothing on which
they can draw for exchange, who
have no gold from abroad to bring
here, so that the exporters, the
planters, will bear all the expense of
keeping the country supplied with
gold. Planters would have to pay
out gold mainly, even on a $10 gold
law, and the retailers would get the
benefit of its introduction by the
It is undoubtedly true that the
gold required to keep up the circula
tion, and replace Hint which will
constantly be sent out of the coun
try, must be the proceeds of the
sugar and rice sold abroad. Of
course those to whom the proceeds
of the crop belong will bring the
gold here, whenever and as fast as
they need it' But what else can
they do with their profits or earn
ings? They must use the money
for which they sell their sugar or
rice, either in paying for the im
ported supplies which they use, or
else must spend or invest it abroad.
They will not bring coin here for
other people but only for their own
If planters have any balance com
ing to them which they do not spend
for their imported supplies, or use
or invest abroad, they must bring it
hero and either hoard, invest or
spend it here. They must do some
thing with it. If the country im
ports more than it exports, spends
and invests abroad, then the planter
if he wants to get his surplus money
here, can easily get the cost of bring
ing it here, or ono per cent., by sell
ing his exchange at Hint price. The
banks will buy Hint exchange and
sell it for 1 or H per cent., and
make more profit than they arc sure
of making as matters now are.
Planters would neither make nor
lose anything by bringing here the
gold which they do not use abroad.
They would pay one per cent, to
bring Unit surplus here, and would
sell it for one per cent. They can
not complain of that.
If, on the other hand, persons arc
importing more goods than they can
pay for, thai is their misfortune.
The country does not furnish money
or exchange for individuals to buy
goods with. All that a Government
can ever do is to furnish, or rather
direct, a currency which is most
likely to prevent panics and finan
cial crisis. The experience of all
nations, the fact is, that gold is lite
least fluctuating in value, and the
best kind of 11101103'.
As most of the articles, besides
taro and fish, which are used or con
sumed in this countiy are brought
from abroad, the best kind of cur
rency for us is that with which Aye
can, without loss or discount, pay
for those articles. With a U. S.
gold currency that object will be
secured ; exchange, which in an
essential item in the cost and in the
selling prices of imported articles,
cannot then go over to 1 per
cent. With suqli a 0111TCIIC3', and a
law b3 which no other coins arc
lawful money, except Hawaiian sil
ver, for $5 payments, wc need not
fear having cither too much or too
little coin in the countiy. People
will have just as much as belongs to
them, no more nor less, but they
will be more likely' to invest it here,
if they arc sure of a currenc3' which
will enable them at any time to get
it away from here. Evciy one is
like the Frenchman, "if he can't
have his (gold) coin, he wants it
bad; if he can have it on demand,
he doesn't wnnt it.
Alfred S. IIaiitwell.
AN OPEN LETTER TO A. MARQUES.
Having come to Honolulu at the
suggestion of some of your influen
tial citizens who know that this city
should be lighted with Gas to orga
nize a local co., and build gas
works, I feel in dut3r bound to
answer your silly article in Bulletlv
of 3rd. You open with the l3'ranii3'
of gas co's., and advise a similar
thing for Elictricitv or some other
new invention (which is in your
mind) to supersede gas. The fol
lowing sentence shows the hand
writing on the wall. You have a
friend but his name is not Lcv3'. on
say, "The present system of light
ing up the streets although very far
from perfect has given hitherto
sufficient satisfaction and has worked
economically enough for it to be
warrantable to let it continue a little
while longer," you arc correct in one
proposition. It is veiy far from
perfect. Incorrect next. It does
not give sufficient satisfaction and if
$46.20 per year for, each light is
economy it might be lighted cheaper
with caudles. There is no disposi
tion with the gas company to interfere
with your street lighting. If it is good
enough for the Government it will be
good enough for the company. The
company however, propose to set a
few posts on private account so that
any party looking for the present
lamps will be able to find them. Next,
cheap gas from high priced coals ;
3'our whole article shows ignorance
of the subject you write upon. All
coals used by all gas co's., on the
Pacific Coast are imported from
Australia. The Pacific Coast has
cheap gas and their coals are not
Article 1st. Allowiug a gats com
pany here at Hie expense of the
public ; query, where does the ex
pense come in. Can you answer?
Article 2nd. Forcing on this com
munis. How silly ; the idea of forcing a
community to buy a commeicial
commodity. If you don't like gas
don't use it. Some people are satis
fied with tapers, others candles,
whale oil, kerosene, gasoline, etc.
Stick to what you use, but do not
try and prevent others from using
what they desire.
Article 3rd. The Government will
iiavj: to buy the works. Try and
keep posted. A slip by tlje printers,
made the word may read sham, and
it was rectified da3rs ago. As it is,
the Government may buy the works
if they so elect. How do you like
that. The latler part of your article
being wholly untrue requires no ans
wer. Study up the gas business
and call and see ine again.
W. G. Elmore.
THE PLANTERS' MONTHLY.
The June number of this periodical
is out, and presents as a leader, an
able article on "The National Bank
ficieinc." Wc quote thcrofrom.
" A powerful company
are demanding oO the Legislature in
corporation ns a bank of issue. They
propose to secure their notes by Gov
ernment bonds deposited with the
Registrar, after the fashion of the U.
S. Banks. The objection at once
arises Hint the security is veiy in
ferior to that of U. S. bonds.
A commercial flurry in Honolulu
which might disable a bank from
keeping up payment of specie on
demand for its notes would bo very
npt to so depreciate the market value
of the bonds on which U1C3 were
secured as to make it impossible for
holders to realize except at serious
loss. Unquestionably Hawaiian bonds
must be liable to fluctuations of value
such as those of a first-class nation
will not be. Banks of issue arc' more
or less unsafe unywlicre ; supplying
the promise for the substance, and
when the substance must be' had,
often disabled b3' the very strait and
pressure of the day from affording
it. In the broad connections of a
continent an issue system 111.13' be so
perfected that Hie danger of suspen
sion of specie payments is reduced
to a minimum. In our isolation and
narrowness the peril is great. The
example of California is a wise one
for us to adhere to. and avoid bank
A veiy serious ground of appre
hension arises with respect to the
kind of coin in which the notes of
the proposed bank are to be paid.
This apprehension is justified 1)3T the
fact that the promoters of this
institution are the same parties who
have contrived, in collusion with
Mr. Gibson, and in utter contempt
of the views of the business public,
to force upon the countiy this enor
mous and ruinous flood of short
silver which is now deranging our
finances and driving up the price of
exchange. Do U1C3' intent to pa3'
their notes in the same short silver,
or in gold? When one presents their
promise to pay fifty dollars, will
thc3r give him only 100 halves worth
The fact is that the whole scheme
is one of those commonly successful
combinations to divert the profits of
the producer into the pockets of the
middlemen. Of all devices to rob
the laborer and the producer, there
is none more thorough and complete
than that of an artificial I3' preverted
currency, whether it consist of irre
deemable greenbacks, short dollars
or silver notes representing them.
We seem likely to make full experi
ments for ourselves of this curse
upon honest toil."
Next is an article "On the Hoots
of the Sugar Cane" in which Mr. II.
M. Whitney states that he has known
cane roots at Keaiwa, Ivan, Hawaii,
to reach a length of six feet, and
that C. N. Spencer of Kau has found
them twelye feet long.
This is succeeded by a practical
article on "Plantation Agencies,"
advocating the reduction of contracts
between the planters and their agents,
to writing, and thereby preventing
the disputes which so frequently
arise as to the exact terms of the
The most important and valuable
article in the number is an exhaus
tive article on "The Diffusion Pro
cess," by R. Seig, taken from the
-ZVT. O. Times Democrat. The writer
gives in detail the experiments which
have been made with thc diffusion
process, and the comparative value
of the process with that now iu use.
As an article of reference, it will bo
invaluable to those who arc interested
ill, or who are making a study of the
Mr. II. Turton, of Lahaina, Maui,
supplies a communication on the
"Benefits from using the Jarvis Fur
nace for burning wet trash from Rolls
There have been so many opinions
expressed on the value of this fur
nace, and so much dissatisfaction
with a number that have been put
up on various plantations, tlfht Ave
elsewhere publish the whole of Mr.
Turton's statement, The substitu
tion of a now grate bar, the Risdon,
by Mr. F. S. Dunn, the engineer of
the Pioneer Mill appears to have
material advantage, as it has been
adopted by the Jarvis Company.
Six pages of selected matter com
plete a good number of the Monthly.
For the month of May, 188
Under lvcnr.... 7 1 From 00 to -10.
From 1 to 5 H From -10 tofiO
From ClolO.... S
From 10 to 20... t
From 20 to 150...
From fiO to GO...
From CO to 70...
l;YmaIes,. .. .10.
a a Islanders....
CAUSE ov DEATH
Old Age I
Disease of Lungs
COMl'AllATIVK MONTHLY MORTALITY:
May 1870 50
May 1880 17
"May 1881 98
May 1882 51
May 1833 58
SICKNESS IN" THE SCHOOLS.
Schools. No. of Scholars.
St. Al ban's Col
St. Louis' Col.
J. II. Bnowx,
Ascot Board of Health
Tuesday, June 3.
O. Afong vs. Hooleia, deserting
contract service, was ordered to re
turn to employer.
K 'DRESS MAKERS. Apply imme
O (Viately B. F. E1ILERS & Co.
A Large Assortment
White & Colored Matting
- KOlt SALE
At the Lowest Prices
at A. S. Cleghorn & Go's.
75 Bbls. Lime,
67,000 R W Shingles,
100 cs. Medium Bread,
200 bbls Corn Flour
FOR SALE BY
780 3t M. Ifacki'cld & Co.
Oocoanut Oil !
1 HoffscMaepr & Co.
Have just received per
Bk- Spica from Bremen,
and ofl'er for sale
Westphalia Moitwurst & Suolze,
German Vcgotablo in Tins.
Pilsenor Beer in Quarts & Pints,
Lager Boor in Quarts & Pints.
One fine Square Piano ol superior make,
Ono Coltago Piano,
A lew Orchcstrioncttcs, a new Musical
Bid. HollViriilnegci' & Co.
MOST desirable business property
Water Front, 4(nceit Street.
It iH a substantial FIRE PROOF
STORE, built of Boston Hard Finished
Bricks, mid no belter built fetore in the
town. It was rented pievious, and up
to the time of puiehise, by II. Hackfeld
ALSO A IIIIIOK
JTix-e ProoJ WJiiivolioiiHo
On Merchant Street, let for $50 per
month to a Wholesale House.
also Tin: 1..M10E
HuilrtiiiK and liot
On Nuuanu Avenue, now used ns a
Warehouse. It ivas formerly used as a
Gymnasium (before it Jlzzled out) and
the upstairs for a Billiard Hull attached
to it. The building has been im.
proved within tho last three years.
Delivery to he made the last of
December of tho presont year.
Terms half rash on delivery, if preferred
Joux Thomas VYati:iihousic, Si:n.
tSTNono but principals treated with.
Tho undcrsipicu is willing to take
propei ty in tho United States of America
John Thomas Watkhhoi'si:, Sen,
150 tabs Basilar,
r, 4f A
' '''! "'V.v
TO 111'. HUM) AT-
UNor.it Tin: auspices or Tin:
Hawaiian Jociey CI,
President, Ja.mks Cami'ih:m,.
Vice-President, F. S. Pkatt,
Secretary, C. O. Bkugku,
Ticasuicr, Ckcii, Buown.
Executive Committee, 1,1. A. Wiukmann,
C. II. Judd, Dr. J. S. McGnuw.
Judges: Hon. II. A. Widiimann, J. D.
Si'Jikckkls. Esq., F.S. Puatt, Esq.
Time. Keepers: Ci:cn. Blown. Esq., C. O.
Starter: Caitain A. B. Haley.
Cleik of Course: Chas. B. Wilson.
Saddling Paddock: James Dodd.
Races Commence nt 10 o'clock a.m, shaip .
1st Kaiulani Plate- $75.
RUNNING RACE ; mile dash ; open
to nil horses bred in the Kingdom
that have never run at Kapiolani
2nd. Kohala Club Cup.
A SWEEP STAKE of $fi0 added.
Ono Mile and a quarter Dasli ; free
for all; weight for age. Sealed nomi.
nations enclosing a fee of $10, to be
made to the Secretary of the Ha
waiian Jockey Club, on or before
2 p.m., on 4th day of June. Final
acceptances with balance ol Sweep
Stakes on or befoic 2 p 111., on the
10th of June.
3rd. Queen's Purse. $125.
TROTTING It ACE; mile heats;
best 2 in 3 to harness; free to all.
4th Princess' Plate $75,
TROTTING RACE; mile dash to
harness; fiec to all 2 year olds bred
in the Kingdom.
5th Reciprocity Plate $150.
RUNNING RACE; mile heats; best
2 in :$ free for unpolled horses
only; weight for age.
6th. Queen Emma's Plate $75.
HALF MILE DASH ;' for 2.year
. olds; Hawaiian bied hoiscs; catch
7th Lunamakaainana Plate. $100.
RUNNING RACE; mile dash; free
for all horses bred in the Kingdom
weight for age.
8th Kahuku Cup and $50.
MMLLE DASH; free for all 4 year
olds born in the Kingdom.
9th. Leahi Plate $25.
MULE RACE; mile dash; free for
all ; catcli weights.
10th Coronation Plate $100.
TROTTING RACE; mile dasli to
harness; free for all 3 year oldi
bred in the Kingdom.
11th. Graziers' Plate $100.
RUNNING RACE; half mile dash ;
free for all 2 year olds; catch
12th. Amateur Plate $50.
ONE MILE DASH; owners to drive
free for all pacers and trotters, to
wagon, that have never beaten 2:55.
13th.-HawJn Jockey Club Plate-$125.
RUNNING RACE; mile dash; free
for all 3 ycai olds bred in the Kini;
14th. King's Plate $150.
RUNNING RACE; 2 mile flash:
open for all ; weight for age.
' 15th Casino Cup and,$25.
PONY RACE, mile dash; open to
nil ponies bred in the Kingdom,
not over 14 hands high; catcli
16th. Kamehamoha Plate. $200.
RUNNING RACE; mile heats;
best 2 in 3; free for all; weight for
17th. Express Plate'.-$50-
TROTTING RACE: mile dasli; tree
for all express horses.
FOOT RACE, 200 YARD8.-$30
1st, Man $20.
2nd, Man $10.
All Running Races to bo under the
rules of the Hawaiian Jockey Club.
Rules now ready at the Secretary's Olllce.
Price 25 cts.
All Trotting Races to bo according to
the rules of the Nntionul Trotting
Entries close nt 2 i. m on Saturday
Juno 7tii, at the olllco of O. O. Bergor,
Secretary, with the exception of Race
In all Races second horse saves stakes.
Refreshment Booths nt tho Park,
ready to let, 20 ft. sections $10 each,
Entrnwo to Park; For each Horse
CO cts. Gi nnrt Stand 91. Carriages
inside Track Circlo $1.
Entrance fee, 10 per coat.
.IT. K. WiHcmuii is appointed mid
empowered Uy the Executive Committee,
and under the supervision of tho Secre.
tary, to mako all Paik and Racing ar
rangeiiicntF, subject to thoir approval.
C. O. IJEKGEK,
711 lm Secretary,
.! vf ,
. 'iSEs tjjffcv
v&M&a&Msi 5At .a.: