Newspaper Page Text
Notice to Corporntiono,
All liicoipor.iU'tt Companies ulio
hae fulled to Me the Annual l-xln
kit of their nfhiirs ns of Jiilj let,
1889, in nceoidiiiiee with Hip requiie
inwitt of Suction 1141 nt tlii' Civil
Co'diYiClinptcr !MI of the Laws of
18S0, nnd of n Notice published by
Authority, under date of June 27,
1889, nrc requested to filo the same
nt the Interior Office without delay.
Blank forms for tins purpose enn
be obtained upon application to the
Ohief Clerk of the Department.
L. A. THURSTON,
Minister of Intorior.
Departm't of Intorior, Aug. 115, '89.
Notico to Exhibitors.
Foreign Omen, )
Honolulu, Aug. 13, ISM). J
Tlio Hon. Paul Isenbcig has ap
plied for perniUsion to icmovo tlio
Aitieles now at Paris, after the close
of the Exposition, to Bremen wheic
it is ptnpoH'd to exhibit thfiin in an
Exposition to be held in that city in
Provided no objeelion is received
from Exhibitors at this office prior to
Aucust 2?th instant,, permission for
biich removal will be granted.
rv sx J3
Pledged to neither Sect nor Party,
Bui established for the benefit of all.
SATURDAY, AUG. 17, 1889.
The Second Battalion of Volun
teers has been disbaudod. Some of
the oflicers and men were actively
concerned in the lecent outbreak,
while a large proportion failed to
respond, to the call of the Govern
ment on that occasion. Eight ofli
cers including the Held, 9taff, and
certain of the line and twenty-two
privates are discharged honorably,
with permissiou to retain their uni
forms and equipments, in recogni
tion of their fidelity to duty at the
critical juncture. For years past
the drill meetings of the native mili
tia have been used by unscrupu
lous politicians as the opportunity
for sowing race prejudice in the
minds of the men. This mischiev
ous work has come to a different
end from that anticipated by its
Iy JnlUeo !i
1 have just como down from the
runchbowl orator, whither I run to
hldo when the Wilcox cannon began
shooting. Although not uvor.se to
taking a chnucc of dying for my
country, 1 want to be sure- llrat that
it is not being saved only to become
a Chinese ptovlnce.
It is believed that the object AVik
cos and bis chief abettoit held up
to tins natives was that of restoring
his old power to the King. They
trusted in that case, doubtless, that
the King would reciprocate the
faTor. They expected to ride upon
horses, to sport gold chains, to wear
patent leather slippers and suits of
immaculate white, and to live on
the Palace stores of good things.
What the rewards of their dupes
weic going to be they probably
thought it not worth while to men
tion. Before the natives listen to
counsel against the present system
of government, thc3' should sitdown
alone and ask themselves: "Are we
any worse off since part of the
King's power was taken away, and,
if to, is it on account of his power
having been cut down?"
mfcTii mftiiOTWi jttAjfMWMii Hi U miqvw w, mi
iiM"anwi ft "wv .' rumwiw. am i.Mi?NwgiMCTmw ;w vimmwmKJ&m&C!&mwi' I
. . ... - . ' . '"' '-w ' -- ':'" " h.
mu i uni
In the Year 188S.
The IJxccuUvc Special Agent of the Mutual l.lfo Insurance Company
having deemed it advisable to publish comparative statements between
the Equitable nnd Mutual Life Insurance Companies, the undersigned Gen
eral Special Executive Agent of the New York Life Insurance Co. for the
Hawaiian Islands, deems it his duly towards the many policy holders and
the public in general to lav before them the following comparative state
ment of the itemized reports of the NEW YORK LIFE jnd the
MU1TAL LIFE for the year 1888, filed with the Insurance Department
of the State of Sew Yoik:
TTl-XIS NEW YOBH TTFE
5 Gainod iYlo'o Asioh & Surplus.
6 Gained Mori Insur. in Force.
7 Had b Lower Deslh-Rale.
g i 1
3 & i
H b n f J
OP JNETW YOKE-
Is tile Olflest Mm Life Insurance Oonipany in tin UiiM Stales mill tin Largest
in llin Wnrlrl I
I Wrote More Insurance.
2 Received Moro Premiums.
3 Earned Moro Profits.
4 Paid More Dividends.
The New Yoik Life's Dafeth-Rato ai d Exponse-Kato Both DECREASED.
Tho BXtttuu Li. 's Death-IUte ana ExpoLBe-Hnte 10 li INCREASED.
The natives should bo reminded
systematically, from the platform
and through their press, that the
movement of 1SS7 was not against
their chief nor themselves. The
forefather.-) of the haoles who carried
out that revolution had mightier and
more prolonged struggles, shedding
rivers of blood and -aeriIieing mil
lions of wealth, to obtain for them
selves and their children natural
human rights and freedom from the
blasphemous doctrine of the divine
right of kings to U3e their people
for their own ends. The weakest
part of the Reform course through
out has been where its leaders have
supposed it strongest. That is, they
have shown the .might too much
without taking pains to make clear
the itn.nr to the natives, who, al
though benefiting equally with the
foreigner in the change of national
policy, could only see the manifesta
tion of ioicc and superior tactics
securing anu maintaining iuc revo
lution. Educative and conciliatory
im-asuies might have been adopted
which should have prevented Wil
cox and Boyd from obtaining the
following of a corporal's guard. Let
such means yet be employed to
restore the good feeling between the
races now twice disturbed within
little more than two vears.
Itunsofthi NEW YOKK
Two Companies Compared LIFE.
Sew Insunmce Issued in 1888 S 120,019,731
Insurance in Force December 31, 1888 419,8S0'J0.'
Ratio of Sew Insurance to Amount ) 31.8:1
in Force January 1, 18S8 J Per Cent
Gain in .Insurance in 1-oree, over
Amount in Foice January 1,
Total Assets December 31, 1888, )
As Admitted by Insuinnuc
Total Liabilities to Policy-holders. . . .
Suiplus Specially Reserved for Ton- )
line, or "Distribution," Poll-
Total Suiplus December 31, 1888. . . .
Gain in Assets in the Year 188S. . . .
Ratio of Gain in Assets in 1S88
Gain in Surplus in 188S
Assets to Each $100 Liabilities
Suiplus to Each S100 Liabilities
Surplus to Each 1,000 Insured
Total Premium Income in 1888
Iulci est and Rent Income in 18SS. . . .
Total Income in tlio Year 1888
Total Disbursements in 1888
Gain in Piemiuin Income, over 1S87..
Gain in Total Income, over 1887 ....
Excess ot Income over Disbursements
Insurance in Force December 31, 1888
Death-losses Paid in 18S8
Death-losses and Expenses Paid in
Ratio'of Insurance Premiums to )
Insurance in Force December
31, 1888.-. J
Ratio of Interest to Death-Loses Paid
Ratio of Death-Losses Incurred to ) ,,. -n i,.r font
Insur.mce Piemiitms )
Ratio of Death-Losses Paid to Income 17.7-1 Per Cent
Katio of Death-Losses and Expenses )
to Income ( 33.-19 Per Ceht
Dividends Paid Policy-holders 2,309,-188
On Insurance in Foice December )
31 , 1887 J 3,")8,93.j,o3C
Gain of Surplus in 188S 1,702,306
Total Profits Earned in 1888 4,01 1 ,79 1
Katio of Piofits Earned to Insur- 1 i rjG Per Cent
ance Premiums J
Ratio of Profits Earned to Insur- 11.18
ance in Force Over One Year. J Per SI, 000
10.98 Per Cent
12.31 P.r Cent
to each 1,000
97.70 Per Cent
1 1 Per Cent
Its assets Jnn. 1st, 1889, amounted to 8125,494,719. Its insurance in force was S-182,125,184 and the com
puted RoscrvcFund which with future premiums and interest is required for paying the same, at the maturity
of the policies or the death of the assured, was $117,G07.07S, thus leaving a clear surpius for future dividends to
policy holders of S7, 887, 039.
This Company has no capital" stock. It U purely Mutual. All the accumulations belong to Us members,
and, nil the prollts go to its policy holders who have received siuce 1803, the sum of 878,878,470.82 in dividends
earned by their policies. In the eame period it has alse paid 588,480,903.57 in death claims; S24,GG9,G04 46 in
matured endowments and 8594,548.27 in annuities to living members; and besides 808,599,139.00 have been
allowed for the value of discontinued poIicieslurchased by the Company. In all since 1803, $201,JJ22,732.
77 hiivo lt:eu lv.tm'iiud t policy holtlt rs.
This amount is Twice as Jnrge ns the returns made by any other life insurance company in the world
during the period named.
An Investment Returning 6 Per Cent. Compound Interest.
To illustrate the point pertaining to the investment of funds and the return to the policy holder, (tie follow
ing illustration is given:
This is a statement of a single premium life policy issued by this company in 18G3 :
Policy So. 28,342.
Single Premium Life. ,.
Amount $10,000. Ago 38. 18G3. . , i
Premium $1,077.00. H,
Face of Policy $10,000 00 - f-
Atmilions Uicuited $7 ,710 57
Additions Suiiendeied 1,548 57
llaluuce of Addition." . .' j.
Present Value of Policy aB a Claim.
Cuth Dividends Withdrawn
Set Amount Paid by Insured
Value a a Claim in Eecss of Amount Paid.
G.1G8 00 t
. $4,077 00
to each S 1,000
93. Gi Per Cent
27.58 Per Cent
4G.55 Per Cent
19.40 Per Cent
The existing additions amount to nearly 200 per cent, of the net amount paid by the insured, and the in
sured has realized 0 per cent, compound interest on his investment.
With conditions quite as favorable to them as to the Mutual, no one of its would-be rivals has ever equaled
this result. A. D. THOMAS.
i!28 tf Executive Special Agent the Mutual Life Ins. Co.
KOIfALA, n WAIf,
i'.r order of Mn.JOHN HIXD, Manager
nf the btitr Mill Co., I will ecll at Pub
At Siapnnn, TCohala.
Specimens of the inter-island cable
shown in town arc believed by some
to be a very tlimsy article. It ' is
claimed, however, by the company
to be the kind of cable most favored
at present by the transatlantic com
panies. Besides, the shore sections
arc well armored. The company
will have to maintain the line in
good working order to make any
thing out of it, for there is not
enough in the subsidy to maks a
job out of the construction. The
whole subsicty is 825,000. of which
$8,000 is payable when the line is in
good working order between Oaliu
and. Maui, 88,000 when similarly
efficient betweun Oahu and Hawaii,
and 9,000 on the completion of the
line between Oahu and Kauai. So
annual subsidy is provided for the
maintenance, and the exclusive fran
chise is for ten years.
1 hope that when the permanent
schedule of time for the stieet cars
is adopted, it will affoid connections
at the intersections of different
lines. This would assuredly bring
more traffic to the system. Citizens'
movements are not altogether on the
direct lines of the several car routes.
People living toward different ends
of a particular line have friends to
visit or business to transact along
other lines. Any well-regulated
street car system makes connections
at line crossings and junctions. If
such be not done here our extensive
system of. lails is much less of a
public accommodation than appears
by the plan of track.
FOIL SALE at AUCTION !
11V J. V.' 5!01t(!AX.
On s5A.rJl,UJX3VV, A.IK. J ltli.
At 12 o' 'oek li(ioi),
1 or 5 SEiMvmiiiii Cnrrlugc &
3d ttiuldlo Hurwus. Llw
Intel est Income, Last Eight Years 825,981,920 $14,1 17,4 JIG
Death-Losses Paid, Last Eight years 22,573,950 45,277,8.4
Interest Income More () or Less ( ) 3,107,904 1,130,418
than Death-Losses Paid, last 8 Years ' Mom:. Luss.
Advantage of Sew York Life 84,538,382.
RECORD OF INSURANCE WRITTEN, TOTAL INCOME, AND TOTAL OUTGO FOR
DEATH-LOSSES AND EXPENSES, FOR 12 YEARS--1877--1S88.
Sew Yoik Life.
Mutual Life. . ,
Sew York Life
Mutual Life. ..
Sew Yoik Life.
Mutual Life. ..
Sew York Life
Mutual Life. . ,
Sew York Life.
Mutual Life. ..
Sew Yoik Life.
Mutual Life.. .
1 877 & 1878
1879 & 1880
1879 & 1880
1881 & 1882
1881 & 1882,
1 883 & 1881,
1883 & 188 1
1885 & 1880'
1887 & 1888! 231,709,02(1
1887 & 1888' 172,987,144
85,801,771 38.53 pc
10,003,278 29.01 "
10,711,29 5,077,92133.98 "
3 1,770,788' 13,089,000 37.G5 "
21,827,089, 7,230,018,33.12 "
35,172,475 13,232,142 37.02 "
27,040,281 9,743,91830.03 "
37,590,211 15,S09,478i42.05 "
153,099,740 34,730,899 11,578,70933.33 "
103,417,108 41,352,131 17,521,1 10-1L'.38 "
1G,4G2,019U7,035,901 30.00 "
49,335,855)22,900,5 17140.5 "
The tension between Germany
and Switzerland had increased at
last accounts. Sotice had been
given to the Swi-s IJundesialh of
the intention of the German Gov
ernment to terminate, on July 20,
1890, the Swiss-German treaty dated
April 27, 1870. This action was
due to the difference between the
two Governments in regard to Ger
many's demand, among other things,
of the privilege of maintaining secret
detectives in Switzerland for watch
ing the Socialists. "Meanwhile," a.
despatch saya, "the luggage of all
travelers crossing the Swiss frontier
into Germany is being subjected to
a. most rigorous inquisition by Ger
man customs officials, a measure of
which, the Get man papers are com
plaining as injuring Germany's, own
interests by driving foreign passen
gers tp avoid Germany altogether,
nnd to travel to and from Switzer
land only by way of Franco, Aus
tria and Italy."
Satisfactory arrangements have
been made for the construction of
the Hudson Kay Hailway. jj
MANY Ft. temenis having lifun made
lately In the Daily Hum.kiin
with return to Life Inutanri, 1 put.
llblicd on tlio Htli Inst., lor ihu ) e icfit
ol the Pr.li-ylioldei in tie New You
Life Inxirui en Co., 0'itnin eoniin nine
fU'iircB wlitch will stand in Si i u of ri y
eonimunicirion by other cmnraui.'s i r
My puiil Kiitinn hits cillnl fith u
letter lull of ungeiitlem nly remark
from Mr Thomas, tlm Iljcectulvit !pi.
cll Ajjui t of tho MuiUrtl l.lfo ItiMir
mictt Co, which I positively decline io
answer, eh being heynnil m.v st Hiding
in this community In thW city.
1 ulnll bo glad to give nny Informs,
tlon ri'K rdinj,' l.lfo Insurance nt my
oilliv, sb ce It h:u beciiuiu impiissltile to
crmimuriio lie bite h to tho public llircuiih
tho p'Ct s without giariltii: a fpitufiil con-liover-v
Jieretofoici uiihiiowii in this or
hiiv nil'cr oily. O. O. UKKOEIt,
(ienci.tl Aceut New York Life Ins Co,
ALL persons am hereby strictly for.
hidden lioni flstliiiip or niliernhe
trcupft".!' c on tlm n'l (Uhury of KuuIj.
will, oil DiuiniiiHl lleixl,
II. V. UEUTKLMANtf.
Honolulu. Aug. 15, 1SS!). Ui't Iw
ALL 1 II! c'.uo to ni" not paid by the
21"h of this month will lie phiced
in the hands ot u colli clor.
Honolulu, Aiif. 13, IPSO. 321 td
CHANCES OF POSITION SINCE 1878.
flu l77-'78 the Sew York Life's Sew Uusiness was l-',oao,u.i Liess
than the Mutual's.
In 1887-88 the S"ew York Life's Sew Business was 858,781,882 More
than the Mutual's.
fin l877-'78 the Sew York Life's Total Income was S21,5Jo,3l Less
than the Mutual's.
In l87-'88 the Sew York Life's Total Income was $2,873,830 Less
limn the Mutual's.
1877 and 178 the Sew York Life's Ratio of Death-Losses and Kx
ponscs to Income was 9.52 per cent. More than the Mutual's.
In 1887 and 1888 tho Sew York Life's Katio ol lJeatn i.osyes anu us-
l penges to Income was 9.88 per cent. Less than the Mutual's.
NOTE ON GAINS IN SURPLUS.
Of the Mutual Life's Gain in Surplus, nearly one-half (S710.10G) came
from profits ci edited to "Piofits on bonds, btoekh, or real estate sold, contin
gent guarantee account." The Mutual Life's dividends paid were
502,315 (18.93 per cent.) less in 1888 than in 1887. Its surplus earned
was 298,930 Ies3 than the Sew-Yoik Life's, on larger nssets and more in
surance. Tho Mutual Lilc has been issuing Five-Year Dividend Policies since
1881, and Ten, Fifteen, and Twenty-Year Distiibutiou Policies siuce 1880,
but as vet has made no apportionment of surplus thereon. The General
Surplus of the Sew-York Life is neatly as large as the Mutual Life's Total
Surplus, while the Sow-York Life has a Special Surplus of over Six Mil
lion dollars for Policies upon which dividends nro paid at the end of periods
of Ten, Fifteen and Twenty vears. The Mutual Life's Liabilities are
838,471,110 more thnn the Sew York Lifo'n.
1. The Sew-Yoik Life's Sew Business wns $21,073,097 (21 per
cunt.) moietlmu the Mutual's. Tho Sew-Yoik Life's KxVeiibes were
5555,507 less than tho Mutual's.
2. The Mutual Life's Mean Amount at ItUk was only seventeen per
cent, more than the Sow-York Life's, but the Mutual Life's l)cath-Lob!es
were nearly sixty-four per cent, moro than the Sew-York Life's.
3. The Sew York Life's Annuity Business is larger than that of nil
other American companies combined, As Annuities are tho opposite of
Insuiauces, it follows thai, in case- of a wide-spread epidemic, tho Sew
Yoik Life would suffer less than other companies, as n heavy death-rato
among annuitants would tend to offset a heavy death-rate among insures.
In conclusion I would say, I leave it to tho public, after a careful
perusal of the above figures, to iay whether tho Mutual Life Insuiance
Co. has to-day a claim to ndvertiso itself as the best Company paying
the largest dividends.
325 tf Genoral Special Executive Agent Sv York Life Insuranco Co.
On FRIDAY and SATURDAY,
August SOili and tilst,
AT 1 O'CLOCK V. .1!.,
87 Cal. TfbcRs & Harnesses
15 florsm and Marcs,
(Jhiiu Wiigons, Cane Laud,
Houses, House Lots,
Blacksmith's & Onrppntci's Tools,
And a complete aoiorlmcnt of
AniraltoBl iHiionnts !
The Mm hine y of 'he o-heve Mill
is m lirfct.oliisg orler, offers for
which are lolicited unci coiii-iBts ot
One 26x48 Mill with Engine,
1 Pair Roilcrs, (is.20;
1 double Kll'ect, li :ti,d 7 fent Pans.
1 Vacuum Pan ti it. w ith lilaku lJi nip
3 Weston Centrifugals & Engine
Tog' Ihcr with the usual assort
ClarlQers, Cleaning Pans, Coolers, &c.
And other Jlnchineiy unndly found
m :i well.Hppoiuted Mill.
QyFor further particul us npply to
Wm. J. JBROD1E,
.'(22 I7t.d KOilt.w Auctioneer.
Carriage For Sale Ohea).
NEW Cntumlcr Car.
rince lust tlninlitd
and hiindromcly tiinuned
in flrsi clas- fctyloj muM be immediately
sold to clo-e u'u ii'Minimi nl. Applv to
IlAWAIfAN BUSINESS AGENCY.
Westermayer's Gelebraled Uprights !
MADE EXPRESSLY FOK THIS CLIMATE.
J. & C. FSSOS-2ER PIANOS !
BOUDOIlt UrilIGIITS a CABINET UPRIGHTS.
Oilier PIANOS of Well-known American Factories on the Way,
FOR SALE AT MANUFACTURER'S PRICES BY
Edo HOFFSCS-2LAEGER & Co., '
325 lm King nnd Bethel Streets.
Bs FISCHER PIANOS -st
Renowned for Tone and Durability
80,000 In Use!
ENDORSED BY THE FOLLOWING ARTISTS:
Ivan E. Morowaski,
Anu Many Otiiekp.
Ci.aua Louise Kellogg,
-HAWABSAE EWS CO.,
Sole Agents for the Hawaiian Ielnnds.
Call, or wiito for Cntalogues. 321 Ira
JZJJmZ. and iKVX-XiTJB
Cottage To Let.
on upper pint of I.illlia
stieet, coiiuiiiilnu' ! looms
nicely piipcied :uid pnlnted, hnth room,
Kite "en, nico hiwn, Miiule tieei. etc.
Will be leiited leuMuiuble to a jpod ten
ant. HAWAIIAN UUSINESS AOEKCY.
nu a TUK Store lntnly occupied
Syv1i 1 by E. C. Rowo, Way's
S25 IlloeU, King strn t, at reuson.
aliln rentHl. IVsoasInn civeu nt onca
HAWAIIAN BUSINESS AGENCY.
F IS II E5L ' S
EADIM MILLINERY HOUSE
CORNER FORT &. HOTEL STREETS.
Isn'OHTKIM' AND DBALBRB IN
pi E best remedy for
1 wounds, uleeiu,
gulls, pi oud llesh and
coieb of every deicilfi-
"-- tlou to licisous or anl-
iiuls. Adopted by lending hoii-o inil
io:id, elub and bveiy htablri, ete.. In
the flitted Suites mill elsewheie. Wo
me pieptieil to prove this bluti'ineut by
testimonials and lefeieneiM to phinteis
ami liverymen In tills Kingdom.
HAWAIIAN UUSINESS AGENCY.
G-roceries, Provisions and Feed,
EAST CORN11H TORT AND KING STREETS.
A LARGE assortment of Photogiaphs
nnd hteieoteojilo Views of the
mutt attractive MTiiery, buildings eto,
in thus Uluiids, for Bide nt iiubouublo
'"llAWAHAN llU.INERS AGENCY.
Corner Fort and Meiehaut streets.
How GouiIk received bv evriy Packet from tho Eastern States and Europ
t'leali California I'rortueo liy evoiy Steamer. All ordero faithfully attended to
i:d Goodr delivered to any pan if tho city free of charge. Island orders poll.
itod Rilbt."Hon sNiiH'.nCocfl. l-iht Olllfc o 1 45. Tolooliono No. 03 nov4-85
B. F. EML
BBS & CO.
JUST RECEIVED 1'ER S. S. "AUSTRALIA"
HHK .n K Al PKII1I I
UJJUIJUUIVJJILU Ut 1 1U1H 1 U
3Lince Ac. DEMilbroideries,
IN GREAT VARIETY at VERY LOW PRICES.
Dressmaking Department under the management of MIES