Newspaper Page Text
FORTY-EIGHTH ANNUAL REPORT
JOHN A. McCALL, President.
SU3vE3-A.R-Y- OP ILHIFOIT:
BUSINESS OF 181)2.
Premium Income $25,040,113.93
Interest, Rents, etc 5,896,47(5.90
Total Income, - - $30,936,690.83
Death Claims $7,S9G,589.29
Endowments and Annuities 2,484,432.29
Dividends, Purchased Insurances, etc 3,613,990.75
Total to Policy-holders, - - $13,995,012.33
Number of New Policies Issued 66,259
4mount of Now Insurance Written $173,605,070.00
CONDITION JAN. 1, 1893.
. Assets, .... $137,499,198.99
Liabilities, 4 Percent Standard $120,G94,250.S9
Number of Policies in Force 224,008
Amount of Insurance in Force $G89,24S,629.00
PROGRESS IN 181)2.
Increase in Benefits to Policy-holders .$ 1,323,521.45
Increaso in Assets 11,551,908.18
Increase in Surplus 1,663,924.79
Increaso in Insurance Written 20,940,08S.OO
Increaso in Insurance in Force 60,165,451.00
O. O. IB E IR. GS-E 3R.
General Agent for the Hawaiian Islands.
THEO. H. DA
HAVE JUST OPENED OUT
LARGE ASSORTMENT OF
General Crockery and Glassware !
Frenolx Center K,ags,
French Sofa IR-ugs,
Freoacli Door Rugs,
French Stair Carpets in Latest Designs, French Iron Beds, Double and Single; Baby Cots
Sets of Telescopic Card and Fancy Tea Tables !
Basket Trunks, Steamer Trunks, Wooden Trunks.
TO GLEAH OUT CONSIGNMENT
American & English
GROCERIES, PROVISIONS, FLOUR AND FEED.
Fresh California Roll
Hew Goods Received by Esery
All Orders faithfully attended to.
solicited and packed with care.
LINCOLN BLOCK, King Street
BOTH TELEPHONES 240
Provision Dealers & Naval Supplies
Fresh Goods by Every Cala. Steamer
ICE HOUSE GOODS A SPECIALTY.
Island Orders Solicited. Satisfaction Guaranteed,
TKI.KJ'HONE W. 1'. O. BOX 145.
EL E. McINTYRE & BRO.,
IMPORTERS AND DEALERB IN
O-rooeries, Provisions and Feed.
Now Oooda Received by Every Packet from the Eusloni States and Kuroo.
FRESH CALIFORNIA PRODUCE IJV J.YBKY STEAMER.
All OrderH faithfully attended to and Goods delivered to any purl of tho City free.
Island Orders solicited. ButUfaotloii guarunteed,
JDa.Bt Oomar Fort 8$ JCinu Strooto,
VIES & CO.
A CHOICE DISPLAY OP
Etc. Etc. Etc.
Butter and Island Butter
ON HAND J&3
Steamer from San Francisco.
Satisfaction guaranteed. Island Orders
- Bet. Fort and Alakea Streets.
P. O. BOX 372.
-P. O. BOX 297
H. HAM) & CO.
By the Unrks "H. Hm-kfeUl," "Amy Tur
ner," "Albert" mid other arrivals
a New Supply of
Dry and Fancy
BOOTS and SHOES!
Havana, German & Manila Cigars
AND A FltM, LINE OK
Plantation v Supplies I
MMB, OKMKNT, KTC, ETC., KTO.
AT VERY LOW Kvrni.
AnhnUMer-Itu'ch Bndwciser Beer,
Schlitz Milwaukee Beer,
Golden Gate Flour,
Sperry's Roller Flour,
ETC., ETC., ETC.
Are you looking for a Safe
and Profitable Investment at a
Small Annual Cost?
Then examine the New and
Novel Forms of Life Insurance
now oirered by
BRUCE & A. J. CARTWRI6HT
Managers for Hawaiian Islands
OF THE UNITED STATES.
Bruce & A. J. Cartwright.
To Let or Lease
At Prices to Suit the Times.
JL and 'Well-appointed
2-Story Brick Building
with Pleasant Grounds.
formerly tho residence of tho lute 11. .1
Hurt, situate on Ntiunmi Avenue below
School street. Terms easy. U23-tf
NOTE Before seeking or closing bar
gains elsewhere, it will pay you to scan
our column, and to at once consult the
undersigned at their office.
AVe keen Pronortv in Frst-class
nonunion, uur terms are inoueruie anil
as Landlords we will always be found rea
sonable in our dealings.
" Apply in each case to
BRUCE or A. J. CARTWRIGHT,
"Cartwright Building," Merchant street.
FOR. S .AXjE I
1 Family Carriage Horse, Bontio
1 Phaeton in Good Order,
1 Covered Brake,
1 Imported Jersey Cow.
R. I. LILL1E.
at T. H. Davles k Co.'s.
Now European I
100 Elegantly Furnished Rooms
ONLY TWO 111.01'Kri HIOM
Main Entrance to the Fair!
S1IKII8 (Mil Terrace, Chicago.
Hates; $1 per Day & Upward, 1st Class Cafe,
J, V, GORMAN,
. . "TyJi ,1 J
IT WAS A LAND BOOM.
Ono of tho OauBon of tho Crash in
Many who have just nrrivod in
this city from Australia, says tho
Snu Francisco Chronicle, find thom
solvos in a vory awkward position.
Thoy loft homo boforo tho crash
camo with drafts on Australian
banks or lottors of credit. Thoso
thoy find, to thoir groat embarrass
ment, local banks will not accopt.
diany will roturn on tlio stoamor
and strivo to savo something. A
fow individuals moro fortunato will
continuo thoir journey to tho
World's Pair city.
Some of tho pnssongora addod to
tho stories told in yostordny's Chroni
cle Most of thorn toko thoir trou
bles philosophically and hopo for
Ono of tho roconl arrivals by tho
Monowai, an intelligent, Australian
of good position and standing in
tho Colonies, was questioned yester
day as to tho causo of tho bank dis
asters. "To give you details and a
full reply would tako too long," said
ho. "Howovor, I can give a briof
outline of tho situation. Five or
six years ago tho Australian banks
had more inono3' on hand than thoy
know what to do with. Thov would.
of course, novor acknowledge that
fact, but at tho same titno thoy
simply jumped at any chanco of
granting an overdraft on reasonably
good socurity. At that time a fow
land speculators started what is
now known throughout tho Colonies
as tho 'land boom.' To show that
thoso promoters wore not merely
mon of straw I may mention that ono
of tho first and most successful was
Sir Matthew Honry Davios, Spoakor
of tho Legislative Assombly of Vic
toria. Thoir plan was to purchase
a good-sized farm or any block of
land near tho city; then thoy got it
subdivided into streets and building
allotinonts, and put the lots up at
auction at so much por foot on tho
installmont plan. It was generally
nocossary to pay a ridiculously small
deposit and tho balance over ono,
two or more yoars, as the case might
be. So strong is tho Britisher's
wish to own a home of his own that
thousands of artisans and others
rushed in with their small deposits
and secured allotinonts. Every
Saturday sales took place and ono
could soo four-horse drays and other
vehicles waiting to tako purchasers
or thoir friouds out to the ground.
Hundreds wont only for tho drive
and caught tho land mania on the
ground, especially when the free
lunch had been produced. This
lunch, by the way, was a groat at
traction and beor was never wanting
if desired. So groat was tho success
of theso sales that a rush was made
for anything approaching good
building land all round the cities.
Prices wont up to au absurd value,
towns wore planned out on bare
farming land and syndicates wore
formed almost every minute of the
day to buy some block for cutting
up. Then tho turn camo and this is
whore tho banks came in. With tho
upward rush no ono could go wrong
and a man whoso namo was not ab
solutely bad had only to go to his
bank for assistance.
"For example: A friend of mine
bought a largo ostato for tho pur
poses of cutting up for .7000 or
Jt'8000. He paid 230 deposit, '500
to bo paid in ono month, balance in
three, six, twelve, eighteen and
twenty-four months. Ho lodged tho
conditions of sale with his banker as
security for part of tho second pay
ment, 200 of which the bank was
compelled to pay in order to pro
tect themselves, as thoy looked to
tho resale of tho place to recoup
"Tho third paymout they had to
make entirely and tho fourth thoy
stopped tho laud was forfeited and
bank and customers lost tho profit
of flGOO, for whicli the proporty was
sold in throe or four months. Never
theless the banks, as a rule, backed
their clients up in this whole specu
lation, and therefore, as I . have al
ways said, tho banks are now suffer
ing, and vory largely through thoir
own folly. Nearly every Australian
bank has safes full of deeds and not
sufficient gold to moot emergencies.
Maiij' of the banks which have closed
thoir doors are sploudid institutions
and can pay every cent thoy owo,
but thoy have thoir grips full of
paper and not enough gold for im
mediate demands. The lesson will
do thorn good, but it is very incou
voniont lo most Australians and ab
solute ruin to many. As for myself,
I am all right thank goodness my
two banks aro still safe and I have
too much confidence to withdraw
1. Parkinson, another Australian,
told an interesting story of how ho
missed being at tho mercy of a
closed bank. Ho had been banking
for some time with tho Commercial
Banking Company of Sydney. Ono
morning ho paid a visit to that in
stitution and asked for his balance,
saying ho wished to withdraw it.
Tho clerk to whom ho had spokou
treated him in a vory brusque, dis
courteous manner, and, fooling some
what annoyed, Mr. Parkinson drew
out a check payable to tho Bank of
Now Soutli Wales. Both tho clerk
and tho paying toller in turn desired
to know why lie had not asked them
to prepare tho draft which thoy pro-
sumeu tuo urawor desirou. Tho re
ply was: "Wlion you aro prepared to
treat your customers with civility
you may got my business. In tho
meantime tho Bauk of Now South
Wales will give me tho draft." And
so it camo about, fortunately, that
when tho news arrivod tho other day
of tlio failure of tho Commercial
Banking Company ono draftholdor
could look back aud forgivo tho in
civility to which ho had boon sub
jected. Fifty cents is a small doctor bill,
but that is nil it will cost you to
euro any ordinary enso of rheuma
tism if you uho Chamberlain's Pain
Balm. Try it and you will bo sur
nribod at the prompt roliof ilniFtiriU,
The first application will quiet thu
pain, 50 coat bottles for sale by all
dealers, Benson, Smith & Co., agents
for the Hawaiian Islands.
Fine Job Printiny at the llulletin Ojjkr.
INSURANCE MEN MEET.
Alarming Incroaso in Loboos by Fire
Tho twenty-eovonth annual meet
ing of tho National Board of Under
writers was held at Now York on May
18. President D. W. 0. Skilton of the
Fhronix Firo Insuranco Company of
Hurtford, Conn., occupied the chair
and delivered tho annual address.
Tho president declared that, in view
of tho experiences of luBt year, ho was
convinced of tho necessity of an in
crease in tho avorago rate of insur
ance. The executive committco's report
viewed with concern tho vast increase
of tho fire loss in tho country in 1802.
It is estimated at .$151,510,090, an in
crease ovor 18'Jl, when tho fire loss
WitB unprecedented. Tho losses since
January, 1893, have gone on at tho
same rapid pace. In connection with
tho report the monibors of tho board
said that thoy feared incendiarism was
on tho increase, ami tho iiieon com
mittee moved that its powuis ho so
extended that it could increase oilers
of roward for tho arrest and convfc-
tion of incendiaries.
DIAMONDS ON SHOES.
An Interesting Fact Connoctod With
tho Brush and Blacking.
"Do you know that whon your
shoos glisten with a polish thoy aro
really covered with diamonds?" ask
ed a shoomakor tho other day of ono
of his patrons. "This is true," ho
continued, "aud I will show jou
why. Bono dust, which is tho prin
cipal ingredient of shoo-blacking, is
almost pure carbon. Tho diamond,
you know, is tho purest form of car
bon. Whon this paste has been smoar
od ovor your shoos the friction of the
polishing brush crystalizos tho black
ing and converts it into millions of in
fimtosimally small diamonds, and
every man with a shine on his shoos
may rovol in the knowledge that ho
wears a cluster of diamonds on his
foot. Philadelphia Record.
Some smart alock to try aud stop
my passport, as I am about to leave
tho Island for somo othor seaport
town. Also ono good collector to
collect somo bills. He must be hon
est, upright and sober; only thoso
who can furnish first-class reference
to tho above facts need apply. Al
cash security must bo furnished.
Please call on or address Hon. A. L.
Johnson, the American Shirt Makor,
corner King aud Alakea streets, Ho
nolulu, between tho hours of 8 a. m.
and 12 p. m., whore you will always
find him making all kinds of shirts
to order with all tho latest improve
ments and only for honest people
who pay thoir honest cash, aud not
any bluffs. All persons having bad
bills to collect givo them to mo and
I will soo to collect them. My
board bill is now paid at Pahala.
And now look out for somo fun
all thoso who aro interested in my
And tho only good Shirt Makor in
Tho Sparrow Hath Also Found There
English sparrows have disfigured
many of the pavilions and exhibits in
the Manufacturers' building at the
World's Fair. Countless thousands
of the birds have built their nests in
the huge rafters it hundred feet above
the heads of the visilois. Captain
Bonlield, chief of the secret service at
Jackson Park, conceived the staitling
idea of inoculating chippy birds with
chicken cholera, and his plan would
doubtless have been adopted had not
an eminent medical authority warned
him that the body of one sparrow des
troyed in this way might spread the
chicken cholera until all the hens in
Illinois would be carried oif by the
plague. Half the big heads at the
fair are trying to devise a means by
which the spairows may rafely be ex
terminated. But the little vandals
continue to make thenibclvcb unpopu
lar. Chamberlain's Cough Komody
Is famous as a
Cure for severe colds.
Famous as a
Preventive of pneumonia.
Famous as a
Preventive and euro for croup.
Famous for the roliof it affords in
Famous as a safe and pleasant
Medicine for children.
Try it. 50 cent bottles for sale by
Benson, Smith & Co.,
Agents for tho
Jeweler & Watchmaker
Keeps on band a Varied Assortment of
Jewelry Suitable for
Wedding and Birthday Gifts
Call and Inspect Up-to-date
Hawaiian and other Designs;
Wild Hoars' Tusk Brooches,
Kukui Charms and Necklaces,
Ladies llalrnnd Hut l'lns, Etc. Etc.
"Watohes Cleaned and Repaired
By the Bent Workmen In Town.
Island Orders Have Careful Attention.
Don't mtbtuke thu Address,
7J1-Jin Mulnerny lllock, Kurt Htreet.
Tho undersigned aro prepared lo givo in
tending Tourists the advantage of a
Special Round Trip Rate
FROM HONOLULU TO
Chicago s? Return
IN CONNECTION WITH THE STEAM
EUS OF THE
OCEANIC STEAMSHIP COMP'Y
OF Sail iFVanoisoo
UNION STEAMSHIP COMP'Y
Of :nt-w Zealand.
C& Farther particulars may bo had
Wm. G. IRWIN (fe CO.
DAILY AND WEEKLY
Leading Journals in the Kingdom.
The "Daily Hawaii Holomua,"
Has the Largest Circulation on the Islands
and is tho Best Medium for
OKFrcE: "Breniir Block." corner
Nuuanu and Queen htreet (upstairs).
PALO ALTO STABLES,
3SO O'lPEtrrell St.,
Two Blocks from Baldwin Hotel, S. F., Cal.
I BEG TO ANNOUNCE TO MY OLD
friends and patrons in the I Mauds that
I have purchased tho above Stables and
intend to maintain its namesake "Second
to None" lstolass. Livery Outtitsof every
description alsoon hand. Forsalo: Matched
Spans, Boad and Draft Horses guaranteed
as represented. Correspondence invited.
E. R. MILES,
HO YEN KEE & CO.,
No 41 Nuuanu St.
Bet. Hotel & King
Crockery, Glassware, Etc.
WATER PIPES LAID AND REPAIRED
AT LOWEST KATES.
gf Plumbing Neatly Executed by Ex
perienced Workmen. 747-lm
A F1RST-OLA68 FAMILY BATHING
ltcsort at Waiklkl. Tranicurs pass
the gute. Special arrangements can be
made for Futility Picnics and Evening
Bathing Parties. MK-tf
M. L. MINER, D. V. S.,
Veterinary Siirueon, Physician ani
Ollice: Hotel Stables. Ollice Hours; 8 to
111 a. m.; l:!SUto3:30i m.
Residence with Dr. F. L. Miner, Bereta
ula street. All culls will receive prompt
F. M. WAKEFIELD,
ArniKMlY AMI UoilMiKI.IMK AT Lu.
Temporary ollice with Mr. O. W. Ashfoid,
Merchant St., Honolulu, II. I.
f AWN MOWEItS TO LET BY THE
Au day, week or mouth' Itepalrlng,
Cleaning and Sharpening done; Duplicate
Pieces furnished when required. Machines
culled for and returned. AImi, Itepalrlng
Garden Hose In fact, cau do anything
necessary around the house or stable.
King up Mutual Telephone ifi'J.
M-W N. V. HUUQKHH.
SEVENTH ANNUAL MEETING
Tuesday, July 4, 1893.
Races to Commonoo at 10 O'clook Sharp.
1st BACE-SPHECKEL8VILLE PUUSE
Running Kaco. -Mlle Dash. For
Hawaiian Bred Horses.
2i ItACE WAILUKU PUKSE-f 100.
Bnnnlng Kaco. J4-Mile and Bepeat.
Freo for all.
Hi) UAOE-HA.WAIIAN COMMERCIAL.
& SUGAR CO.'S PUUSE-$100.
Trotting and Pacing. 1 Milo Heats.
Best 2 in 3 to harness. For Hawaiian
1th RACE WAIKAPU PUllSE-$75.
Running Race. Ji-Mile Dash. For
Hawaiian Bred Horses.
5th RACE KULA PURSE-J50.
Running Race. J-Milo Dash. For
Ponies 14 hands or under, to carry 100
Gth RACE KAHULU1 I'TJKSE $125.
Running Race. IMileDasli. Fiee for
7th RACE-WAIHEE PURSE-J175.
Trottiiig and Pacing. 1 Milo Heats.
BestU in 5, to harness. Free for all.
Horses with a record of 2:30 or hotter,
to carry 180 lbs.
8th RAOE-LAHAINA PURSE $100.
Running Race. 1 Milo Dash. ForHa
waiiun Bred Horses.
!)tii RACE HANA PURSE-?125.
Trotting and Pacing. 1 Mile HeatsT"
Best 2 in 3 to harness. For all Horses
without a record of 3:00 or bettor.
10th RACE QUEEN LILIUOKALANI
CUP Pursi: $150.
Running Race. Vi Milo Dash. Freo
Uth RACE MULE RAGE-Purse $10.
Running Race. J--Milo Dash. Cutch
woights. Freo to all.
12th RACE-MANA CUP-Porse $125.
Running Ruce. VX Mile Dash. For
Hawaiian Bred Horses.
13rn RACE-SWEEPSTAKES, $25 Each;
ASSOCIATION ADDS, $25.
Doublo Team Race. Trotting and Pac
ing. I Mile Heats. Best 2 in 3. To
be driven by Members of the Associa
tion. All Entries elo'-e at 12 o'clock noon on
THURSDAY, Juno 22, 1803, at the Office
of the Secretary, and all Entrance Foo are
10 Percent, unless otherwise specified.
All Races to bo run or trotted under tho
Rules of the Association, and all Horses
are expected to start unless drawn by 12
o'clock noon MONDAY, July 3, 1893.
L. ffl. VETLESEN,
The undersigned having boon appointed
Sole Agents for the Hawaiian Islands
for the celeiirate'u
FROM THE WORKS OF
Burham, Williams & Co.,
Are now prepared to give Estimates and
receive Urders for these Engines,
of any uUo and style.
The Baldwin Locomotive Works
ARE NOW MANUFACTURING A
STYLE OF LOCOMOTIVE
Adapted for Plantation Purposos
A number of which huve recently been
received at these Islands, uud wo will luivo
pleasure in furnishing plantation agents
uud uuiutigers with particulars of same.
The Superiority of these Locomotives
over all other makes Is known not only
here but is acknowledged throughout tho
. WM. G. IRWIN & CO., Ltd.,
Solo Agents for tlio Htvudlin Islands,
:afeli ,'-. - . I ,
t- eaAfo -A-