Newspaper Page Text
EVENING BULLETIN, HONOLULU, II. T.. WEDNESDAY. AUG. 21, 1901.
Surgeon, Physicians and Dentists.
Agents, Brokers and Jobbers.
This Is No Lead Pipe Cinch.
I am not out to rob the public
but simply to earn a living In
a legitimate way. My motto
is "Honest Work at Hon
I Have Moved
my plumbing business to the
CORNER OF DLRLTANIA AMD
EMMA STS. Telephone, White
3571, where I have In stock the
following goods i
enameled Iron and steel clad,
vvlthnlckle plated trimmings;
also wood, zinc lined.
Water Closets, Wash Out,
and Syphon, jet stle.
Sinks of Pressed Steel, both
galvanized and enameled.
Lavatories, enameled Iron,
and marble with nlckle plated
Wash Trays, enameled Iron
with w ood cover.
Slop Sinks, enameled Iron.
Hot Water Boilers and Stands
Water Pipe, Faucets and Trim
m'ngs, Galvanized Iron, Cut
ters, Cornices, Stone Pipe, Tin
Jobbing Promptly attended to.
Work and Materials Guaran
teed. Your Trade Is Solicited.
JaS. Nott, Jr., Sanitar Plumber.
75 and 71) King Street
TELEPHONE NO. 31.
0V Is the time to pet leaks and
breakages seen to, and our
Roofs Put In Order.
Uy competent workmen.
SHEET METAL WORKS
H. W. BARTH.
Galvanized Iron Skylights and Ventilator
Conductor Pips and Gutter Work.
4rtar4 Sutct, ttt, Qun nj Merchant Honolulu
Joob 11 ffouciiy int)d4 tu.
fy I. White 41 P. O. Boy 170.
Notice to Property Owners.
I have In my employ FOUR FIRST
ClASS I'LUMBFRS from the Coast I am
dw ready to liguri on your work at the
Uwest price My men are Union Men.
Cvemea tr al.
C. II. BROWN.
fErrltnrv Stables. King St.
Albert R Cunha
ATTORNBY AT LAW.
308 Stangenwald Building
W. Austin Whiting,
W. J. Robinson,
Removed to Room 306, Judd'Ruilding
J A Matthewma
Peterson & Matthewman,
COUNSLLLORS AT LAW
t O Box i6j
aiurxoM, Mais iti
i, KAAHUMANU ST
J. M. KANEAKUA,
Counsellor at Law.
Of-FICL-Bethel St., neir the Post Office.
MmuiYnctured from Pure
Delivered frc to any put of
city by courteous drivers.
Oahu Ice and Electric Co.
- cL. BLUE 3151
HOFFAUN & MARKHAM.
a New Lot of . . .
Key West and
Beaver Lunch Rooms
H. J. NOl.TE.
F. W. Thrum,
1JOOM 400. BOSTON I3LOOK.
Dr. Archibald N. Sinclair.
OFFICES 1 TELEPHONES!
ROOMS , UFEICC, MAIN, Jj
Boston Buicmia Rcmuenci,
Font stum. White, .Mi,
HOURS If A. m to 1. p m 1
I TO IP M , TTOIP. m.
P O RoXSol. SUNDAYS l.'.P M
DR. W. H. MAYS
S8I Beretanta Street.
7 to 8 Telephone foa
DR. J. T. WAY30N,
445 BERETANIA ST.
OFFICE HOURS Af, ''i J. , Z
I 0:30 p m. to 7133p.m.
1 ft,. Miln 6
Dr. F. J. Rayner,
Crown and Bridge
HO"RS Q TO 4.
20-4 Boflton Block.
Dr. Albert E. Nichols
1123 Alnhon Street, next to Masonic
Offlco Hours 9 to 4
A. 0. WALL, D.D.S.
G. E. WALL, D.D.S.
I.oe Building, Tort Street.
Horn 8, 9 to 4. Telephone, 434.
Dp. W. H. Jones
. R.C.V.S., M.V M.A., LONDON.
orncfc WAIKIKI STABLES.
Dr. Wm. G. Rogers,
SURQuON AND SPECIALIST.
Eye, Ear, Nose and Throat Exclusively
REMOVED to new oincu. 1140 Ala
Ken Street, opp iinvvallan Hotel.
Hours, 9 to 12, 3 to 5:30, 7 to 8, Sun
i!avn, 9 to II.
It li our Ua that I Is rooJ Uea for you to txer
Clve grt ore in thf fru.inz . t tlanei, nJ the
aitt-mlon which you bet tow up n our rf
Viur cUtsei ire Important as your ee tlchtU
Impi r ni
(iuuJ eri ar nat made, norpifor te hclrrJ,
th u nt four Rlaitet
ll you havt ihertwr t.es we hctftf pc-oJ(;l.uii
A. IN. SANl-ORD,
BOSTON UlbO. . FORI StSItT
ovr MAV A CO
Chlneie and Japanese Firms.
Fine English and American Goods
65 Hotel street, and
Hvtel near Nuuanu
f O Bospti TEL-WHiim
la t iklrtt clean 4. Clothing
cleanii, JJ anl repair.!.
Suits madttoo der,
Fll guaranteed Lomtp k
Fur ctrett, near Kukul, and
ntr Orpheum Tr eatei
Mrlcet Cleaning one utt, 7 jc,
Is served on.the tables of the best
families everywhere-In London
In New York as well as In San
are the finest we've ever seen.
enable the housekeeper to serve
these fancy dishes as well asthe
high priced cnlef of the must'ex
BUY 'EM OF
Lewis & Co.
Food Specialists and
IOOO FORT STREET.
Jeweler mid Wiitcliiimker.
Engraving on Gold. Silver, Ivory fctc,
ROOM NO. 3, ELITE BUILDING.
titaGArf i. '' fij ' 'jtMlW h&tL 'MiA. ' - J JiAVl.Jatl?! tij$!!K(ifaj& jliAffiltlll
TIMELY REVIEW OF
Dangers in Policv of Dealing In
Stocks Eventual Result Is to Crip
ple Legitimate Mercantile Inter
ests Sound Finance.
The following from nn article on
"Our Banking Pollc" published by
Tho LViltcd States Investor will be
rend with Interest by all local flnnn
The Inlluentlnl feature which to our
mind. Indicates that nanklng In the
lulled S'tntos Is drifting nvvn from
life moorings Is the modem doctrlno
that bnnks ixlst more for the purpose
of furthering large Rtock market deals,
than for the purpose of primarily ef
fecting mercantile transactions. The
old Idea of a bank was that of a flnin
clul Institution which stood ready to
discount the notes of Its customers,
Issued for the purpose of transacting
tho commerce of the world. That Is
still largely the function of American
binks, but there Is nevertheless a man
ifest tendency In certain quarters to
regard this as n more or less nrchale
form of banking. A very large part of
the business of the banks In tho great
financial centers now copslsts of loans
on stock market collateral; and many
banks frankly dec) ire that that Is tho
kind of business they most like to
transact, to be too solicitous for tho
comfort of mercantile borrowers Is re
garded as a bit of old fog) Ism; and
there nro some hanks that arc not over
nnxlous to have mercantile accounts
(especially If they are not more than
moderate In size) kept with them.
It Is to this tendency that we may trace
In very large measure the enormous
Increase In tho volume of stock mar
ket speculation In recent years. Now
the dangerous feature of this policy
Is, that tho bnhks In making and look
ing after their stock market loins nre
n good deal more Influenced by the
mere stock market quotations on the
securities which constitute the col
lateral for the loans, than the nre by
tho real facts In connection with tho
Irdustrles against which these securi
ties nro Issued. One reason why they
nre so much Inclined to make loins of
this sort, in preference to purely mer
cantile loans. Is that they can realize
nn their assets so much more quickly.
Their principal care Is to keep their
etotk market loans properly margined
Now It Is well known bj the commun
ity nt large, and It Is probibly equally
clear Jo tho banks, that n very large
part of the Rtock market i-ecurltlcs
Against wlikh thtv lend their money
o freely represents "wntir." puic and
simple; that Is, there are no tangible
assets back of them In the shape of
plant nnd supplies, and very little of
Intangible nssets In the way of earning
capacity, nut that Is a matter which
the banks who do this business do not
fed called upon to take er much
Into account, ns theso securities hnvc
n ready market, and nil that's neccs
sarj for tho banks to do Is to margin
tbim sufficiently to admit of their get
ting out without loss In the event of n
drop In the stock market. The theory
Is beautiful; In actual operation It docs
pot nlwuvs work as well as might bo
desired. Tho objection to too great a
prevalence of this kind of banking Is
twofold. In tho first place, It Incites
overspeculatlon in the stock market,
and Is therefore the mother of financial
panics; and In tho second place. It Is
likely nt anj moment to cripple the
legitimate mcicantlle Intcicsts of the
countrj by tho withdrawal of loinahle
funds necessnrj to Ifs pioper conduct
No ono who has" kept nn oe on tho
financial situation In recent jenrs can
question tho fact that tho policy u
have been iWscrlllng Inevitable works
In tho direction of ovcrspecuhtlon In
the stock ninrket. This point could bo
nmply Illustrated by the case of tho
National City bank of New York.
(We may parenthetically say that wo
allude to this Institution so frequnntly
because It Is tho largest bank In the
United States, and because It Is one of
the leading exponents of the dangerous
tendencies In American banking which
it Is our aim to point out.) This bank,
as we have before pointed out. had a
great deal to do with fostering the
great boom In copper shares a few
jenrs ago, nnd the part which It Is uni
versally credited with plnjlng In con
nection with tho panic of May 9 of this
eur Is nnother Instance of the thing
wo have In mind. As regards tho like
lihood of hardship from this policy
fvk, of loaning whenuver posslbkj on
Etock ninrket collateral) to tho real
mercantile business of tho country,
there Is no occasion for us to sny any
thing at flits time; tho danger Is too
obvious tu cscapo an ono's notice.
This tendency to muko banking n
rncro adjunct of the stock market Is
bound to impose n viry severe strain
on the morals of thoio who have the
bankB In charge Tho new policy
brings tho managers of tho banks Into
too close Intercourse with Willi street,
nnd makes them too susceptible to the
Inlhienco of the ' gct-rlch-quick"
thenr. The managers of an old com
mercial bank were hardly likely to be
carried off their feit by any tempta
tion to misuse the bank's funds In car
rjlng out private commercial ventnr.
They were not In n position to carry
through such ventures, icqulrlng much
time nnd special knowledge for their
consummation. Hut it Is altogether
different with stock murket schemes
As regards theso tho managers; of a
bank enn sit In tho back parlor, nnd,
b) using the bank's funds fur their
prlvnto purposes, nialco vast sums of
money without nn erfort nt nil. That
Is, the) very leadlly think the) can,
und they very frequently tr) their
hand nt tho gnme, Of course ns a
matter of fact, they nro fully ns likely
to come to grief, nnd to send their bank
to ruin, us they are to ciuno through
buccehsfiill): but experienced bnnk
presidents and directors are quite us
This Is one type of hldaous hsaiaehe. Thers re many
olher kinds, each having 1 1 pirticjlir variety of madden
Ing torture or dull, stup-fn? throb. Headache! belong
to '.he past because Goi.1 s-'a Magla Headache Wafers are
of the present. .... i.
ti ....... ,mu 1-11 rrmeh. or dr nk loo mucn,
Mr. M Center, Ph C . Mllwiukw, Wli .... , . v
DtirSir YmrMicleHeadaehaWii-rjus l-iHiln-c-Mlty u jnrsn. Ss.
Irorr choice cr otherwise, muit Indulge In the t jmpt.tijm of irp '"""i13"' . SIsm
uilnc your reme H never hive hendiche notwHhttinJm Hie dinn-ri end oih-r elr
c jmilincel which utuillv (revoke heiUche I (InJ a mibr 1 ol the club members
keep euprlled with your nucle remedy which ll r.rt,J JJ -"m"p HUMME1
Conteln no hirmlul eubilnncel ct any kind Thv are positively tulplul to
nerve and lystem. Sold by ill d-utelMs 10- end 25: a bj fair times al
many In the 25c boa ) The genuine are put up in tablet lorm only. Avoid powderj
tut u? In cachets (made of paste I because im-h covers warp open. auoHInc the powd-r
and when damp are wormy. Gasal-ra Matlo Headache Wafera are riarameed tj
cure abaoMtely In 20 minutes, or return partly uaai baa ta druttiat and he wi 1 refund
opt to be carried off their feet by the
curse of stock gambling as any one
else. Our plea Is, that if they confined
themselves a little less exclusively to
making stock market loans for their
banks or at any rate if the) were a
little less disposed to take tho view
that banks exist mainly to further
speculation tho temptation to mis
apply other people's money to their
own unlawful ends might not be quite
so hard to overcome. With this re
flection we must leave the subject fur
the time being, though we had hope!
when we began that the space at our
command would admit of our sa)lng a
number of things regarding the pres
ent tendencies In hanking which we
find we shall have to reserve for in
King Minors Ask
The appearance of the widow of the
late James King, for an Increase lu
the monthly allowance for her chil
dren by their guardian was heard )ct
terda) by Judge Gear. There nie live
minors and their total allowance Is $o(J
per month. Mrs King testified that
she wns spending from J10d to l",(l
per month out of her own Income In
support of the children.
Mr, Llghtfoot, who Is the guardian
was put on the witness stand. It
came out In his examination that ho
had been lecelvlng tho Income of an
absent heir, .lames King, and reinvest
ing It with the funds of the other chil
dren. The Court took exception to
this and said the money belonging to
tho absent son should be paid to Mrs
King, whom It was discovered, has not
)et been discharged as administratrix
After the arguments In the I.ovu
spendthrift case were finished )ester
day afternoon, the trial of tho case o
Harrison vs. Magoon wns resumed
Samuel E. Woolley. administrator of
the estate of Mnkanoe, has filed n re
port of the sale of a. Maklkl street lot
for $0100 to A. A. Montnno Ho recom
mends a lcsnle, considering the lot
Notices of appeal lnvo been filed
In the cases of Sister Albertlnn vs
Kaplolnnl Estate and C. S, DesKy vs
Tho Orphcum Co.
ACCIDENTS WILL HAPPEN
Man wasn't made to suffer, but ac
cidents will happen, and to meet such
cases, Katuro designed the roots
herbs, gums and leaves for tho heal
ing of the nation. Nature's way tT
treat a cut, bruise or a burn. Is to
cleanse, draw nnd heal, nnd that's tha
way Klckapoo Indlnn Salvo nctB Just
us nature acts It acts that way, be
cause It Is Nature's own remedy, com
pounded trom materials gathered la
Nature's Infnllblo laboratory; unadul
terated, puro nnd simple. Tho same
Ingredients found In Klckapoo Indian
Salvo weio In uso for centuries before
tho Tied Men divulged it to tho Palo
Pace. They healed nations ages ago,
they net tho same today. Hobrou
Drug Co , ngents for tho KIcknpoo In
TO BIRD ISLAND.
The Mlknhala will sail for Kauai
on Thursday next on her regular run.
She has been chartered to mako a
special trip to Ulrd Island by Mr. Jae
ger of Eleelc who with a party of about
thirty persons will go on a fishing trip.
The steamer will leave Eleele on Satur
day and return on Monday. She will
arrive back In Honolulu on time next
TO CURE A COLD IN ONE DAY
Take laxative Ilromo Quinine Tablets
All druggists refund tho money If it
tails to cure, h W. drove's signature
Is on each box. 25 cents.
"Your llttlo brotlu r hasn't any hair
at nil, hns ho?' injulicd tho visitor
".No" replied Tommy, "but I hiiosi
It'll begin to bloom next spring when
tho tiees do" Philadelphia Press.
He 'Col. ilugglns, whom )ou met
this evening, took n prominent pint In
n. lecent engagement." She "Yes, (
noticed smokeless powder on tho lapel
of his coat." Ualtlmoru Herald.
or cat too muji. or work too much, or sit up
loo late, or get up loo early and have n neaa
ache Irom any cause, you can stop it in
20 minutes with
If you U''3 one after drinking or
ritln h-avily bsfore going to bed.
you will arus ths next morrlng vlth
stead neru and a clear brain.
CIj'j Mi w.e Wli.Feb 23.19.
Claus Spreckels., Wm. O. Irwin
Claus Spreckels & Co.
&an Francisco Agents Tho Ke
v.ida National Uank of San Francisco,
3an Francisco The Nevada Na
tlnnal Hank of San l'ranclsco.
London The Union Hank ot Lot'
New York American Exchange Na
Chicago Merchants' Nntlonnl Unnlf,
I Paris Ciedlt L)onnals.
Berlin Dresdner Hank.
Hongkong and Yokohama Hong
Kong Shanghai Uanklng Corporation.
New Zealand and Australia Hank
of New Zealand.
Victoria and Vancouver Dank of
British North Amerloa.
I)pdlts lecelved. Loans mado on
appioved secuiit). Commercial and
I rav "lei x Ctedlts Issued. Hills ot Ex
i!un.v bought and sold.
Collections Promptly Accounted For.
BISHOP & CO.
Tr.iti-act a Goticr.tl Banking
.mil Exchange IJu-inos-s.
Coiniiicrei.il iiml Tiavclcrs'
L'fti'K of Cicilit i-sncel, available
in all tin- iiiiicip.il cities of the
Iittuejt allowed after July 1,
lvo, on fixed deposit 7 day
notice 2 per cent, (this foim will
not bear intciest milcvs it rciuuiii3
undisturbed for one month), 3
tiiontha .' per cent., 0 months 3 12
per i cut, V2 mouths t per cent.
Pioneer Building and Loan
ASSETS, DEC. 31, 1899, $1 12,077.00.
I Mont loaned on approved security.
A Saving Hani, lot monthly deposits.
Hdiim-m built on the moiitlil) Install
Twentieth Series or Stock is now
OFKICKHS a. F. Ijtnslng PresI-dent-
S. 1) Hose, Vice President, C. E.
Ura) 'ireasuiei; A. V. Geai, Seeto
tar) IitECTOHS T. K Lansing, 8. R
Ros. .. . Oear.'A. K. Ke-ech Hemv
Smith. J I. McLean, J. I). Holt, C. :.
Gray, L Hownid.
A. V. GEAIt,
f ..amber of Commerce looms
(Jl!i Hours 12 Ju 1-.W p. m.
BISHOP Sr CO.
Savings Deposits will be
received and Inteiest allowed by tho
Dink at four and one-half per cent
Printed copies of the Utiles and Reg
ulations ma) be obtained on applica
tion Ottloe at bank building oil Merchant
BISHOP & CO.
The Yokohama Special Bank
&ubrl!ied Capital Yen 2t,000 000
Paid Up Capital Yen 18,000 000
Reserved I'und Yen 8,310,000
Head Olllce, Yokohama,
The Bank liujs and receives for col
lection Hills of Exchange, issues Drafts
and Letters of Credit, and tiunsacts
it genet al banking business.
On I lxe4 IXpualt lor is munlhk 4 par cent p a
On 1 14 Dcputltlor 6 iH '
On llaai Deposit lor 1 j "
Ilrauch of the Yokohama Speclo Hank
New Republic Bid., Ill King Street
ALEXANDER & BALDWIN,LM
H. P. BALDWIN President
J. D. CASTLE 1st Vice President
W.M. ALEXANDER. ...2nd Vice Pres
J. P. COOKE Treasurer
W. O. SMITH Secretary
OEO. It. CAIlTEn Auditor
Sugar Factors and
Hawaiian Commercial S. Sugar Co.
Haiku Stitrar Comnanv.
Pnla" Plantation Company.
N'ahlku Sugar Company.
Klhel Plantation Co'mpany.
Hawaiian Sugar Company.
Kahulul Railroad Company.
The Califonia and Oricital S. S. Ci.
W. 6. Irwin & 60
Western Sugar Refinery Company of
Baldwin Locomotive Works of Phila
delphia, Pa., U. S. A.
Newell Universal Mill Co. (National
Cano Shredder), New York. U. S. A.
N. Ohlandt & Co.'s Chtmloal Fertil
izers. Alex. Cross & Sons' high-grade Fertil
izers for Cane and Coffee.
Reed's Steam Pipe Covering.
ALSO OFFER FOR SALE:
Parafflno Paint Co.'s P. & B. Paints and
Papers; Lncol and Linseed Oils,
raw and boiled.
Indutlno (a cold-water paint), In white
Filter Press Cloths, Cement, Lime and
GASTLE & COOKE
The Ewa Plantation Co
The Wnlalua Agricultural Co , Ltd.
The Kohala Sugar Co.
The Walamea Sugar Mill Co.
The Fulton Iron Works, St. Louis. Mo.
The Standard Oil Co.
Tho Geo. F. Blake Steam Pumps.
The Now England Llfo Insurance Co.
Tho Etna Flro Ins. Co. of Hartford,
Tho Alliance Assurance Co. of London.
L.1IPK and FIRE
Sbw England Mutual Life In
surance CO. OF BObTON.
tna Fire Insurance Company
Wm, G. Irwin & Co.
Wm. G. Irvv In.. President and Manascr
Clans Spreckels Vice President
W. M. Glffard.. Second lco President
H. M. Wnltnty, Jr....Treas. and See.
Geo. J. Ross Auditor
AGENTS OF THE
Oceanic Steamship Co.
OF SAN FRANCISCO, CAL.
C. BREWER & CO. LTD.
Queen Street, Honolulu, T. H.
llnvalhn Agricultural Co, Ookala
Sugar Plant. Co , Onomea Sugar Co ,
Honomu Sugar Co , Walluku Sugar Co ,
Makee Sucar Co . llnlcnknl.i nnnoh rv
Tho Planters' Line of San Francisco',
packet; Chas. Berwer & Co.'s Line of
LIST OF OFFICERS.
C. M. Cooko, President; George
Robertson. Manacer: E P. nihn
Treasurer and Secretary; Col. W. e!
Alien, Auditor; p. c. Jones, H. Wa
terhouso and Geo. R. Carter, Director!.
TboYonHamm-Tonsg Go. Ltd
QUEB1N ST., - UONOLULI .
Tho Lancashire Insurance Co.
The Palolse Insurance (In
g'Unlon Gas Engine Co.
wumrsuc aumng .viacnine, Etc.
Subscribers to tho BULLETIN-
not receiving their paptrs promptly
will confer a favor by notifying tut
Biuincss Officn; TdavpLtjne 256.