Newspaper Page Text
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THE EVENING BULLETIN: HONOLULU, B.'l., FE13JIUAKY 17, 181)9.
Pibllshed Everv Diy, ncept Sunday, at tio Kins
street, Honolulu, II. I., by the
BbLLOTIN PUtlLISHlNG COMPANY.
DANIEL LOGAN City Ldhor
FRIDAY, FEB. 17, 1809.
, Even if CorifjrpHa pie8fs no Inw
providing a government for Hh
wnii, ono tliiLg iH euro: Uiiwnii
will bo govern-(1 li Undo Sum.
Auto-motor freight wagona have
met with buch micco-u in tlio Entt
ern States th'it Englnud i now
taking up tlio Holii'ino. Here's n
clinncn for n now Honolulu corp
oration to overcome the high price
of hothti feed.
The stay in
Honolulu of one of
Uiiion, who goPH
noon to Manila, will doubtlem he
a eourco of pleasure to tho locnl
With another now plantation
launched and an investment corp
oration in tho field, appearances
certainly do uot favor tho conclu
sion that tho Uawaiiau business
community is rolliug around in
tho doldruniB of despair. ,
When Senator Scott of West
Virginia was noliGed of hie eWc
tion, he imuieoiatply teleuniphed
President MeKinley "On fop.
Another voto for expansion." Tho
now Snuator elect of Hawaii might
send this tnrsfngo to the Presi
dent: "On lop. Another vote for
straight forward Americanism in
Ouo of tho peculiar features of
our local situation is the fuct that
aftor Commissioner Thrustou
wrote a pamphlet stiting tho bene
fits that would accrue to tho Unit
e.l States through the extension of
American tariff, shipping and la
bor laws to Hawaii, Lawyer
Thurston drafted the memorials
asking for a delay in tho extension
of American tatili, shipping and
labor laws of Hawaii.
If the remarks of an editor of
tho Northwobt may be taken as a
ciiterion there are other cities in
tho United States besides Hono
lulu whoso business men are
afraid of a boom This editor
writes in a leader:
"When the homo merchant sees
a littto boom overtaking tho town,
ho hies himself to tho editor and
cauttous him uot topriutauythiug
that smacks of boom, and theioby
attract morn hue'iucsa men to tho
city and cut down sales and pro
fits. Consistency, thou art indeed
a jewel I The threo column Ijooru
artiolo attracts oveiythiug priuta
bio, while the man that foregoes
talkiug good times sits quietly by,
watches his press rust and ins
neighbor rnku in the shokols.
However, hereafter this rag will
he run bv its editor. 'Nough
Iu other words when this pub
lisher fails to run his paper on
business principles, it becomes a
rag, not a newspaper.
About onco iu so often, the
howl goes up that modern Ameri
can politics are wiping out tho
men of stable character, and are
pushing to tho front ruoii who
rose to prominence through
wealthy relatives, etc., etc. Tho
recent Senatorial elections cannot
howevor be offered as proof.
Montana's now Senator started
out in the wilds of tho West as
the driver of an ox team; West
Virginia's Senator Scott started
out in lifo as a holpor in a coun
try store receiving tho munificent
salary of $25. a year with board
and clothes; tho Senator from In
diana worked his way through
ollogo aud kuows what it is to
follow tho plow day aftor day.
Two of these men aro worth mil
lions to be sine, but they nil
know what it in to have their
noses hold to tho griudstone of
hard work. They have ridden in
no royal chariot along the toad
to glory: they aro hard working
Amoricaus whoso integrity and
capacity has beon tested iu the
business world aud can bo dopend
ed upon to look well to tho busi
ness of tho natiou.
Till: A.Mi:iUCN dAIUUHON.
Tho apathy with which tho busi
ness community of Honolulu views
the possibility of tho establishment
of a regular army garrison here is
something magnificent in its short
Bighteduoes. Thorn aro even those
who go so far as to hope that thero
will bo no garrison here, or at
least not more than a corporal's
guard of the army at this station.
Iu other words Honolulu people
can look with indifTorenco upon
tho possiblo distribution of at
least 815,000 a mouth iu this city.
This is doubtless due in a largo
measuro lo tho attempts that have
been made to discredit tho army
in tho eyes of local people. Evou
if the Bpark of Americanism is
burning low and tho extension of
American power to this territory
is looked upon with disfavor by
tho powers that bo.itis timo for tho
business men to stir themselves if
from no other motive than tho sel
fish intorests of the city.
Tho establishment of a garrison
iu Honolulu meaus the addition
of over twelvo hundred purchasers
who will spend on an avorago of
a dollar a day, to say nothing of
the purchaso of supplies that will
be made from timo to timo and the
good Amorican coin put in circu
lation by tho erection of perma
nent barraoks. A rojimont of Am
erican soldiers does not guarantoo
big plantation dividends to bo
sure, but tho income will bo a
steady ouo that wiil ho appreciat
ed by the wholcealo and retail
Furthermore this territory is
uot so terribly overrun with Am
erican citizens that it would bo at
all injured by the iullux of a
small colony of 1500 whoso ex
ponses are paid by tho govern
ment and whose number is
considerably less than the Asia
lie colouy of recent importa
tion. If by unfortunate conclu
sions of misguided prejudico
the people have decided that they
don't liko soldiers, and that tho
President does not take sufficient
notice of local criticism when he
promotes worthy officers, there
can at least bo no criticism passed
upon the officers uud their fami
lies who would becomo a part of
tho social and business commun
ity. If the present apathy continues
Honolulu will go on record as tho
only city on the American foot
stool that attempted to ward off
an army garrison. And this rec
ord will spoak nothing for Hono
lulu's credit or tho American good
will of tho territory.
llnravnml Curt Overboard.
Tho dolivery wagon of tho Chi
naman doing business next to tho
Metropolitan Meat Market, came
to grief near the boat landing this
morning. Through tho careless
ness of the driver the cart wont
overboard, taking the horse with
it. Jim Kupihca got to work aud
succeeded iu getting tho horse out
of tho water. Tho boat boys
landed tho cart. Later on a man
in the employ of tho Metropolitan
Meat Uo., went to the polico feta
tion auu rondo vigorous com
plaints, sayiug that Kupihea had
asked tho Ulnuaman for blU. Jim
denied this aud tho people at tho
polico station wero very indignant
at tho charge.
Purser Piltz of tho Iwnlani re
ports as follows: There are COO
bags of H S Co loft in tho mill;
tho warehouse was cloanoJ out;
1800 PS M in the warehouse;
Nooau had 1000 bags aboard;
all her freight was land
ed in safety; flho will wet
about 3200 P S M and 800 11 S
Co by Thursday n m;Diaraond H.
1500 baj-s loft and H A Co, '2500;
weather fine and dry in Kau.
K1HEI PLANTATION CO. LTD.
Continued from l'agc 1.
the present shaft has been at tho
rate of 50,000 gallous per day.
Quality of Water Tho wator
has boen analyzed by Dr. Max
well, tho official chemist of tho
Planters' Association, who says in
his certificate "these wators aro
porfectly good, iu their present
stato of composition, for irriga
Seed-Caue Cane for seed is
now boing plantod for tho crop of
19UU-1901. Tho manngeraont ex
ptcts to plant this year (1899) be
tween July 1 and December 1,
lOt'O to 1500 acres.
Productive Capacity Tho area
of land which the Klhoi Company
will own in foe simple is uoarly
double the nrea of the entire Ewa
plantation, which is all leasehold.
Ewa's last crop amouutcd to about
19,I3()0 tons, aud its est i in a tod crop
for this year is 21,000 tons.
If Kihei, with its 9,000 odd
acres of laud, producos no more
than Ewa with its 5,000 acres, the
returns would bo as follows:
Sugar is now 1 5 G cents a pound,
say 85 a ton. Allow a discount
of $15 a ton for freights, cotnmis
sions, insuranco, etc., aud there is:
21,000 tons of sugar at
say $70 a ton 8 1,G80,000
Less OBtimatod coat of
production, say 750,000
Net annual profit... 8 930,000
Or 31 per cent on the capitaliz
But say tho prico of sugar de
clines to a net of only SOU a ton.
There is then:
2-1,000 tons of sugar at
SCO a ton ;.... S 1,140,000
Loss cstimatod cost of
Net annual profit.. ..S G90.000
Or 23 per cent on tlm capitaliz
If tho prico should ovon decliuo
to $50 a ton the annual profit, on
the above basis, would still bo 18
per cont on tho capitalized valua
If the Kihei lands produce as
woll as do the Ewa, thoro should
bo a certainty of no less than 30,-
000 tons nor annum, with a pro
portionate increase of tho above
Special consideration should bo
given to the fact that tho land of
Kihei is to be owned in foe by
perfect title. This will bo an es
pecially attractive feature to inves
tors who aro looking for safo and
Of all tho many magnificent
sugar estates in this country but
fow hold their fertile lands iu fee.
The real valno of good sugar land
will bo bettor appreciated as leaso
hold interests expire.
Porsonnol Tha officers of the
company for 1899 will bo as fol
lows: President H P Baldwin.
Vice Presidout B F Dilling
Secretary L A Thurston.
Treasurer J P Cooke.
Auditor J B CaBtle.
raymouts lor otook--.lt is pro
posed mat IU per cent ot tno par
value of the stock, or So on a
share, shall bo payable immedi
ately, aud tho balanco in uihtall
roents of 10 por cent each, from
timo to time as the same is need.
ed. ovor a period of say two years.
Subscriptions The stock is div
ided into ou.uuu suaros or a par
value ot sou each, ut thoso ap
plications for 65,000 shares have
already beon received.
Applications aro now being re
ceived by the undersignod for the
limited numbor of shares still un
IJ. F. DlLLINdHAjr,
Honolulu, Fob. 15, 1899.
Andrew Welch In Port.
The Hawaiian bark Andrew
Welch, Drew master, arrived in
port late this forenoon, 1-1J days
from San Frnnciaco with a cargo
of goneral morchnndisn for C.
Brewer it Co. as well bs 300 hogs,
11 cows, five dozon fine chickens,
two crates of homing pegions, 9
horses, A turkeys and three blood
Tho Welch had a very fino trip
all tho way from San Francisco.
Tho stook aboard kept in fiuo
shape. Not an animal or fowl
was lost, instead, tuoro was an
addition of threo calves and fif
teon pigs. Some of tho homing
pigeons, tho property of Captain
Drew, havo records of five hundred
The Welch is now alongsido tho
Holios at lirowor's wharf,
HONOLULU INVESTMENT CO. LTD
Continued from Page 1.
successors boing elected by the
Tho bylaws of the corporation
give tho directors power to in
crease the capital stock from timo
to time and issue the name oither
as paid up or installment stock.
At a meeting of tho Board held
last evening it was decuUd to in
crease to 8250,000 aud stock to tho
amount of $115,000 will be imnie
diatoly placod on the market pay
able iu monthly, quarterly, semi
annual aud annual installments.
This installment stock will bo
issued in Bories similar
to tho plan adopted by tho Pjoueer
Building aud Loan Association.
Monthly installment stock will
b issued in installments of$2,50n
share, to bo paid up in 40 months.
Monthly and quarterly instal
ment stock will bo issued on tho
basis of $2.50 a month or $7.50 a
quarter. Semi-annual and an
nual stock will bo issued on in
stallment payments of $12 50 and
1'rotits and dividends from all
investments will be divided among
each dories of stockholders and
will bo computed upon the aver
ago capital invested for oaoh six
months period. This all install
ment payments will participato iu
tho profits from tho timo said pay
ments are made. Furthermore
this is a corporation in which
the small ns well as the large in
vestors have a voice. Every share
of stock issued will have a voto in
stockholders meetings and stock
holders subscribing for shares
about to bo issuod have
tho same advantage as the
No promoters stock has been
The geuoral scheme of tho com
pany is similar to many that have
met with marked success in the
States, and tho protection of tho
stockholders is as comploto as iu
the Building fe Loan Associations
that havo furnished tho safoat and
boBt investments that modern
business affords. A conservative
estimate places the dividends of
tho Honolulu Investment Co. Ltd.
equal to if not larger than those
from any stocks on tho market.
Five of tho directors of the new
company ate directors of the Pio
neer Building fc Jjoan Association
that has met with marked success
and resulted in the building of
many homes by people who
without the funds afforded by tho
association of small capital would
bo subject to the demands of land
lords. . Tho returns from tho
Building and Loan Association as
shown by tho first series of stock
maturing before tho first of July
far exceed tho original estimate.
Tho Investment Company goes
further iu the field of investment
and its returns will be larger.
Tha Klliel Block.
With reference to tho prospect
us of the Kihoi Sugar Co., print
ed iu this issue, Mr. Dillingham
wishes it stated that he has sold
a largo blook of the shares to H.
Waterhouse & Co., and all tho un
sold stock of the company jb now
iu the bands of that firm.
A LARGE INVOICE
Winchester 44 Carbines.
Winchester 45-70 Sporting Rifle.
Winchester Magazine Shot Guns.
Rice Bird Guns.
Single and Double-Barrel Shot
Smith & Wesson Revolvers.
Paci llanlwo Co, Ltd.,
I. S. SACHS DRY GOODS COMPANY, LIMITED.
rfrAc Will show this week
some recent importations of
bleached and unbleached Table
Linens and Napkins, and Linen
and Cotton Towels. J
Special attention is called to
the above, as the qualities are.
guaranteed, while the prices
N. s. sachsIry goods company, limited.
Tlie People's ProvirterH.
Machines Sold on Installments.
Parts and Needles for
L. F. PRESCOTT,
Wheeler & Wilson
LOCK AND CHAIN
S FOIIT, NEAR HOTEL STREET,
ST. VALENTINE'S DAY!
The Golden Rule Bazaar received by the
last steamer a NEW AND BEAUTIFUL
which are aow on display In their win
dows, 316 Fort street. All those Interested
are Invited to call and Inspect the line.
"NO TROUBLE TO SHOW GOODS."
Is the bet place In the city to buy STA
TIONERY FOR FOREIGN CORRE
SPONDENCE. YOU SAVE 25 TO
40 PER CENT!
31G FORT ST.
Other Goods :
-64 crates and 18 casks of CROCK
ERY and CHINA WARE, containing a
new supply of our well-known
In BLUE, FADE GREEN and RUSSET
BROWN colors, with our new 1899 pat
tern called LYTTON.
Also a fine line of WHITE SEAM
PORCELAIN, and Including a complete
stock of IRON STONE for HOTEL
and RESTAURANT trade.
We are also displaying the "Red Poppy"
in French Chln.i, which Is very neat in
appearance, reasonable In price, and Is sold
In quantities to suit the purchaser.
W. W. Dimond & Go.,
Von Holt Block, King street.
BSTSole Agents, Hawaiian Islands, for
"Jewel" Stoves, Gumey Cleanable Re
frlgerators, Primus Oil Stoves.
CITY REPAIR SHOP
115 Bethel St.,opp. Cnstle & Cooke
Strictly new 1898 Cleveland llcycles (or Rent,
Dnalrinr nrnmnllv an.1 thnrmichlv ntfndoJ (ft.
All work guaranteed.
liiytm R. CLARK.
J. A. MORGAN
Has Removed to
JOHN A. NUNKS', 127 QUKUN Strcot,
Near Richard street
Renting and Repairing.
- - HONOLULU, II. I.
The Use : :
of paying big prices for out-of-date
clothing, hats and furnishings, when
you can buy new and stylish goods
for less money? Ours Is all new
and up-to-date stock, bought at the
lowest cash prices ever known, and
not an article In the store has been
there more than one season.
Come nml Compare
Our men's suits with those that
others are asking more for, and you
will appreciate what we are selling
Come find Compare
Our splendid line of hats, underwe.ir,
boys' and children's suits, gloves,
sweaters, shirts, collars, with any
thing shown you, and you will say
our slyles are up-to-date and prices
the lowest named by any first-class
house In the clty
: Wavcrley Bloci
9 Hotel Street
Agent for Dr. Dclmol'n Linen-Mesh
Underwear. 8enl for Catalogue.
We Make Shirts to Order.
Telophono No 670.
My Guitars aro noted for the purity
of their tone.
Guitars, Mandolins, Violins, oto., Repaired.
064 llo'al street, noposlte the Arlington.
F. N. OTREMBA,
Wood Carving and Polishing.
Lessons Given In
Fancy Wood Carving.
FORT STREET. HONOLULU. H. I
and floor Honolulu Planlne Mill. me
I4 splendlJIyequlppeJ establishment. lthascour
teous drivers, tine horses, and rutiber-tiresd,
Rin up Telephone 82 t
TAItO PATOII FIDDLES.
Workmanship and Material Guaranteed, Repairing
1130 :: No. 210K KING ST.
And HOUSE PAINTERS.
n$ii Nuuami street, Honolulu, H. I.
JIM Ntuuinu Stroot.
C'hMra of nil kinds, Mnttlnjt,
ClgarH, Silk and Chlnobo Tuns. 1130
it&ArJA&.M);- -Yry-hMrV "riJfytmiM.'