Newspaper Page Text
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15VEN1NQ nULUrriN, HONOLULU, T, H WIJDNnSDAY, Jl'LY t, 400S.
14 TO 17 INCHES HIGH.
OILED SEAL STOCK, 17 in., $6.50
CHROME TANNED CALF, 17 in...
MOSSE HIDE. 17 in $9.50
HORSE HIDE,-14 in., Water Proof. .
HORSE HIDE, 17 in., Water Proof. .
McINERNY SHOE STORE
This delicious Bicad is Baked and Delivered fresh Ev
There's no other like it in Honolulu.
The Palm Cafe
CALIFORNIA TABLE FRUITS
All prices lower than ever one all California Tinned
LEWIS & CO., LTD.,
169 KINO ST. FAMILY GROCERS. TELEPHONE 240
DON'T WANDER OFF
Buy your BUTTER where you can be assured of Qual
Wc have the best from Island dairies as well as from
mainland AND IT'S C H E A P 1
METROPOLITAN MEAT CO, Limited
TAX ON ENTERPRISE
FOR PROFIT IS BAD
HONOLULU STOCK EXCHANGE
HONOLULU, July 1.1908
Divided On Old
, Tlio report of Iho Tax Commission
appointed muter tliu authorization of
tlio last Legislature, filed Its repoit
Willi tlio Governor yesterday uflei
noon. Tlio members of the Commis
sion nro 1,. Tenncy Peck, Albert !'
Jiulil and Antono Terry.
The leport Is a most voluminous
document and covers a wide range of
topics. In the preliminary icmark
the Commission calls attention to tlio
fact that It lias been Impossible In tho
time allotted to bo Into such n largo
subject as the question of taxation
thoroughly. On tho mainland tho tax
commissions nro permanent bodies
with much greater nnthorlt) to com-
testimony than this Commission en
Tho Commission Is unanimous on all
topics except tho "Knlerpriho for
profit tax." Tho majority bolleves In
allowing this tax to stand. L. Tenney
I'ccl: Is very much opposed to It and
sets forth his conclusions In u tvvent
pago t pcvvrltten document. Ho loons
upon tho tax ns double taxation.
Ills closing tcmnrks on n tax lli.it
has called forth n great amount of dis
If then our enterprise for profit 4.ix
ran only Justify Its methods on the
theory that purely personal uuilltlcs
or energy and skill and good WU
transfer themselves as, It were fiom
persons over to Inert things and rIvc
them a poimnucnt actual x.iluo which
they would not otherwise possess, it
would t-ecui to tho writer that It wcio
lime to 'abandon It us a p-ut of our
luvcnuo n Ht I'tn iukI rely for nubile
iioveniio on rational ad valorem assess
ments of mi ninl piTt.on.il piopcily
us denned In our statutes, supplement
ed by our Income and Inheiitanre
taxes lovlcd on flexible lates to meet
the arClng llscnl net-rib of the go eminent.
A horse, n cart, n harness, nro each
worth what they will bring, and tln-lr
iiggregato nliu-, for purposes of sale,
Is not changed by combining tho tin uc
In unity of ownership and use nnd
under a skilful driver setting the out-
lit to woik to produce lovcuuo. Leo
uomirally const lercd, the vnluo In uso
may be. greater than the miIiio nt u-st.
but whether for purposes of sale or of
taxation, tho aggregate value is mere
ly tho sum of tlio value of tho horse,
tho cart and tho harness sop.irulelj
considered. A local lolln may be
worth fifty dollars, ct In combination
with it Kubcllk It may servo to pro
duco in a concert of one hour u mv
enue of a thousand dollars. Tho art
let departs after adding to his pcrso i
nl Income, but tho selling vnluo of tho
tuugtbto Instrument Is unchanged.
A California farm may be worth fifty
dollars an acre. A Hurbnnk buys It,
and after five years produces annu-illy
specialized plants that sell for moie
than the vnluo of tho farm. Ho
passes on, but no Miluo has ncciucd
to any part of tho farm, and nt all
times Its selling or taxable vnluo re
mains tho same. In Hawaii n sugjr
plantation hitherto uupiofltable,
changes hands. A new expert owner
who iiudci stands soils, and seed, ami
fertilization and Irrigation nud uu-
limits and men, and business generally,
works In n few years tlnougli master
ful skill a wonderful transformation.
116 may huo paid one handled thou
sand dollars for tlio pioperty, but lif
ter five jenrs Is deriving en annual
net Income of twenty thousand dollars
from his Investment. Ho liny conild
cr himself fortunate If after paying the
Income tax on that amount, tho whine
Income is not capitalized say, at eight
or ten per cent, and the cstiilo as
sessed for two bundled or two hun
dred and flfty tbous.inil dolhiis.
Wo reach tho Income of corporations
and Individuals by our Income tux,
which tuxes at its somco every dollar
of profit derived by the owners of Ha
wallaif properly and securities; wheth
er living hero or abroad whclhel
that profit bo derived fiom fungible
or Intanglblo sources.
It Is possible to satisfy nil tlio do
mauds of government, economically
uilmlnlsteicd, by tnxlng propeity its
self accenting to tho common sense
methods of valuation, which, without
thls-nuonialuus statute, mo to bo found
In our body of luxation law.
1 BtcWH- it Ca.
C riantillon Co ..,
II iw Com ft Sun Co ,
llAwalimi Sugar Co .
ttmtntmi Sugar Co ..
UmioVaaSiiRir Co. .
Ma Itn 4niar Co
Kahuk'l Planlnllofi Co
Klnaliulc Sugar to
KoloiSutrar Co .
McKr) tie Sugar Co
Bid A .Wet
Oahn Sueur Co
Diinmta sugar Co ....
Ootcoln Sugar Plant Co
Oha Sugar Co Ltd ....
uiowani uo m.
Paatiau Sugar Plnt Co
Pacific Sugar Mill
t'jla rianlnltcmCo ..,.
Priirrkm Sitcnr Co.,..
Waialna Agrlc Co
Wtlluku Sugar Co ....
Walmea Suga-- Mill Co
tiitcr-UtJnit Strain N Co
HawalMn Electric Co,
Moil K T Ik L. Co Prtl
lion KT&LCo Com
Mutual Ttlrplintie Co
Natulcu rlutitrCo A.
Halm R8 I, Co.
ItlloK R Co
linn B S M Co-. . ..
Hawaiian Pincippte Co.
HawTer 4H pc
HawTcr iv pc.i
Maw tlov't ) pc
Ca. Ilrtl hug ft Kcl Co
Haiku Sug-lr Co 6 pc
Ham Pitch Co ,
Haw Com A SugCo5-c
Haw Sugar Co bpc...
HlloR K Co Con 6 pc
Hon RT& LCc)6p c
Kaliukii P.nnt Co fine
MMIn.tr R Ln'aCf
Oaliu Kit I. Co6nc.
Oihu Sugar Co t jic ..
Claa Sugar Co 6 p c
Pjc- Sug Mltl Co, 6a
Paia Plantation Co,...
rionrerMIII Co Ope ..
Waiatua grr Co 5 p c
. .... . r
I, miiufi: Jii
I ..V 1,1 nl fix II-1
Hales Ilctvvi'cn Iloauls: 10 Wala
Inn. $82; 5 Wnlaltin, $S2; K, IVpeekeo,
515(1; It) Kwn. J27.30; 10(1 llvv.i. J27.r.n;
Jotld llnlkil fis. $100.23, r.o Ol-ia. JI;
in Walaltia, $S2; So Onhti Sub, 2S.riO;
!S0 Oilhll Stlg.. $28.r.tl; 200 O.ibu Sllg..
J2S.50; K, Ookaln, $S. Session: 25
Haw. I'lneupple. $24.50
Dividends July I, lims: llnlkil.
1'i percent; I'nla, l'i per cent; Pio
neer, 2 per cent.
or $35 per ton.
quotation 4.25 cents
London Beets, I0s9 3-4d
Henry Waterhouse Trust Go,,
Stock and Bond' Department
Member! Honolulu stock and Bond
WILLIAM WILLIAMSON. Manager.
FORT AND MERCHANT 6TS.
TCL. PRIVATE EXCHANGE 4.
NEW - TO-DAY
Hawaiian Iron Fence and Monument Works
Dining my nbt.ent fiom Honolulu
Dr. A. It. Itovvnt will tako ehnige of
Dit, V T MONSAItltAT.
Pacific Photo Gallery
PACIFIC PH0I0 GALLERY
Best and latest method of photogra
17 HOTEL STREET near NUUANU.
K. KAMAM0T0, Manager.
BEST AND Al ICE CREAM PARLOR
Delicious Cakes and Candies on Hand
NEW - TO-DAY
NEXT TO YOUNO BLDC 176-180 KING STREET.
of all kinds, of all shades, and of all widths. Ribbons for
dresses, for hats, for hair, and for flowers. Just the kind
for the graduation exercises. Very cheap for the quality.
L. Ahoy, Nuuanu below Hotel
NEW JERSEY MOSQUITO EGOS
on exhibition at the
NEXT TO THE THEATER.
GRADUATION IS NEAR,
GLASS PICTURES and .DIPLOMAS
PACIFIC PICTURE FRAMINQ CO.,
I'isclicr I'lano; tost $100; as Rood ns
new; Prko $200; $50 cash; bal-
unro MO per month. Coyn'o Kur-
nituro Co., Utl. 1042-tf
17 Hotel St.
HAWAIIAN FERTILIZER CO., LTD.
Dealers in FERTILIZERS suitable
for oil crops, climatic and soil con
ditions. OFFICE Brewer Building, Hono1
lulu; Tel. 272.
FACTORY at Iwilci; Tel. 430.
ALAKEA below 0.UEEN
FRIDAY, JULY 3... 7 P. M. Shaip
SATURDAY, JULY 4. Matinee 2 P.M.
SATURDAY. JULY 4. 7 P. M. Sharp
RESERVED SEATS, 25c EXTRA.
Tuesday, July 7,
ENTIRE CHANGE OF PROGRAM
W, D. Adams presents under the
direction of Harold Sasset, '
in gems from
Seats on sale at Wall, Nichols Co.,
.Mil., yoc, ?i.uu, ?i,ou.
LOCAL 1ND GENERAL I
There arc five hundred people in,
Honolulu who would welcome n ,
change of home location. These pco-!
pie read Bulletin For Rent ads.
Rent Franklin cars. Slkyds, BtbK'
21'. JIcn;s nir ucliiK scrvoti remuariy m
1" iimint nl t in Hovnl An hex. "HCOliy B. -
I.iuly JIacfarlano niirt Miss II. Mar-1
l'"!furl.ine canio In this liiornliiK fiom
" i Knti.il.
... nii.w itvn f.ii- Una Htii'lnhiknr. flvo-
soateJ auto; Ony or night. Club I
Btables. ' ' I
Itoatl tliu special summer otter by l
the Volcano House In unother column
of this Issue. j
Tnko your cnrrlago or nutomobllo
to Hawaiian Carrlago Manfy. Co. for
up to-tlato repairs. j
Have a supply of Halnler In tho ,
house when our friends from tliu
Meet call on oii.
All kinds of beer, wines nnd mUcil
drinks nro served In tho best manner
nl tlio Fashion. Just f?!o hi n try.
Mrs. C. A. Itlco nnd children, itccoiu
P.inled by inald, wero iimonK tho Kt
nau passengers 'who enpio In today
The expert at the Hawaiian Office
Specialty Co., Ltd., can fix your Cosh
Register or Typewriter. Phone 143.
Whenever mm want a good, appetiz
ing meal at ver) louMiuablo prices,
the Alexnnilir Young Cafe h tho place
for j ou
There will bo an Important meeting
of tho sports romtulltee tit (be olllro
of A. I.. C Atklntoiijut 0 o'clock this
Thero was no meeting of the Hoard
of IMiienllon yesterday, ns was ex
pected, the ineitlng being poiiponeti
tilt 1 1 1 this nfteinoon.
HM illneient popular novels 100
copies mo now selling nt tlio ll.t
wnilau News Co.. Ltd., nt 7oc. each
ltcguliir price, fl .10.
Hale of Thompsons glove nttlug cor
i-ets this week ut Illoiu's at very low
pilees. 1-1 to 12 off on all umbrellas
for ladles ami gentlemen
If on want n parcel delivered .tnd
our boy Is busy elsewhere, itn .101
for u Territorial messenger .mil bivo
tho work done promptly.
One, of the best fertilizers In the
market suitable for any climate con
ditions Is now being tururtl out by the
Hawaiian I-Vitllirer Co.. Mil.
Tired people will find that nothing
will restore lost eneigy nnd rebuild
wiisto tissue lltco Prlmo beer. A glass
with jour meiils will tlo wonders.
The mammoth niinii.il clenrnnre sale
of tho N. S. Sachi Dty floods Co, Ltd.,
will begin next Monday, July Gth, nt J
o'clock, Don't miss the big opening
Tho product of Hie Cour.olldnted
Soda Water Works Co. Is tpilto the
best that Is to be found In Honolulu
Mailo flesh dull) and pioporly Il.iv
For )imr picnic goods, phone 2J.
Heniy Muy & Co. have all the dainties
mid delicacies that ou could desire.
Order fiom them, and tlio lunch prob
lem will be eary.
1-rom Kauai thero arrived this morn
ing (1. II. Fnlichlld, A. Hartley, ,f. I'.
Cooke and Abrani howls on the Kliiau.
I'. It. Isenbarg arrived this morning
in tin; Kltiau fiom Knuul.
.vo navo ino pajamas uiai uiu real
ly faultless. They nru nuiiln of mad
ras, Manuel, cotton, and cheviot. Illg
new stock, nil sizes. Mclticrny, Ltd.,
corner of Fort and Mcichaut streets.
There's no reason why jim should
deny our family the pleasure of hav
ing n Victor Talking Machine In the
house, whin ou ran get it on our
easy paMiuyiit plan, llcrgstiom Music
tables like the I'ond Dairy Milk
becaiiKn It tastes light. There Is no
(ontumlnntlnii with maniiio or other
fotclgn Innttcr. Ilellvercil to all
paits of tho city cist of Nuuanu
Tickets for tho Atlantic fit pi ball
cm bo pinctircd nt tho following
places: Hawaiian News Co., Ltd.,
ChamtierH Drug Co., Ltd., Wall, Nich
ols Co., Ltd., Ilensnu, Smith & Co.,
Ltd., Ilcrgstrom Music Co., Ltd., Hoi
lister & Co , Ltd., M. A, Ottiist & Co ,
M. Mclncrny, Ltd.
Notice of the appointment of n com
inlslson by the Interstate Commerce
Commission to Inquire Into the best
methods of tho transportation of ex
plosives, draw up rules for th.i Hum
tier of transportation and piovldti pen
alties for tliu violation of tho niles,
has been iccelved at tho (iovctuor'j
Tho finest nro which started In the
mountains near tho country homo of
C. A. Hi own on Monday afternoon was
extinguished mainly thiough the stren
uous eltoils of II. C. Dolllver of the
llnvvatluti I'lneupple Company, who ill
leclcil tho battle against tho flames,
fighting Monday night and Tuesday
till Iho Hie was under entitled.
Last evening nt S o'clock, Wade
Wan en Tliavcr and Miss ltho In (liccn
wero man led at tho brides homo ou
Jiulil street, by tho Itev. H. II. Far-
Iter. Only tho relatives and Imnied
Into friends of tho young couple were
picbent. Tliu bridesmaid vvtui Mli
Can to Oreen and tlio best mill was
Attorney General Hcnienvvay Mr and
Mis. Thayer will slny about thtee
weeks on tlio other siilo of the Island
mid then go to tho Volcano llou-e.
mm i I r- -v W? JjLar
I 1 1 '" I dTAR!
Get him Clothes in which
he can be comfortable, and
have n good time!
Onr Star Bojs' Blouse is
just the right thing for him.
It will stand all kinds of rough usage, and yet look
well enough to wear anjwhcrc.
ELKS' BLDG., King Street nc.ir Fort.
DUFFY'S APPLE JUICE
A delightfully i (.freshing diink, ttnfenncntcd but with
a bouqiict and sparkle cnual to champagne. Non-alcoholic,
but crisp and snappy. Get A Sample Bettlc.
25 CENTS A PINT; BY THE DOZEN $2.50.
BENSON, SMITH & CO., Ltd.
aTHj F0R SAt"c m
60" ALL FIRST clASS GROCERS
CtD IM aiaaBBll I
"Monterey Packing (9
rXBOOTH. SwAujcr. S
HH lulling. r
Honolulu Construction and Graying Co.,
GENERAL C0NTB ACTORS.
PHONE, OFFICE ?81. p. 0. BOX 1C4.
Fort St., 0pp. W. G. Irwin & Co., Ltd.
Wc do all kinds of Teaming; also deal in Crushed Rock, White and
Black Sand, Broken Corel. Garden Sjil, Etc. SAFE MOVING A SPE-CIALTY.
gf Tor Rent" cards on salt at
liu uullttin omca
REPORT LEPERS CURED.
t N'ovv Orle-ins, June 2.'. A to-
iiifirknlitii inedlc.il lenort touch-
f liigjm the cum of leiuosy will be -f
pi evented to tlio i.ouisiun.1 Ah-
scinbly piob.ibb this week by the
f U per home of the Stuto of
A 1 ..nlklnii.i I'l'.ini liu, 1 ..ttnrl It
appeai1 that out of ill lepers ut 4
t the l.ouinaua iiisuiution in tno -t
past two .veais, hlx have been
practically rut ml.
One of MTall's Newest Patterns
-& -V Wvb ""
Another Shipment of . ,
At same cut prices just received
E. W. JORDAN & GO;, Ltd.