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v
last session. Now It Is the turn of one
of the other Islands Hawaii or Oahu
for choice, neither one of which has had
the presiding officer. The geographical
ones, In fact, are rather Inclined to
unite upon Holsteln of Hawaii If Smith
of Hllo Is for him.
Knudsen, nevertheless. Is putting up
strong fences everywhere nnd has even
secured some following in Oahu in despite
of the aspirations of Long and
Unrrls.
-4.
OF
ENDORSES NEW RULES
A meeting of the Precinct Club In the
Second of the Fourth was sllmly attended
on account of the rain, Col, J.
H. Soper was chairman nnd Mr.
Swnyne was secretary pro tem. Mr.
J. A. Hughes Introduced his resolutions
recommending certain changes In the
organization of the Itepubllcan party.
Among other things they provide that
no government officer or employee
shall be a member of the central, executive
or any district committee. This
is construed to mean persons who are
paid by warrants nnd not laborers on
the government pay roll.
The rules also provide that no delegate
to any convention shall hold more
than two proxies nnd give the method
of conferring proxies. They require a
two-thirds vote for the endorsement of
any candidate and provide that candidate?
for membership In precinct clubs
fihall nnswer thsse two questions on
ly In the affirmative (1) Are you a Republican?
(2) Will you support Re
publican principles?
The resolutions were adopted without
debate and the secretary was Instructed
to prepare n copy and present it to
the Central Committee.
Threat of Incendtariim,
"Word was received ut the Police station
last night that five Koreans, discharged
by the Concrete Construction
Company, had approached the company's
plant In the Pauoa valley nnd
threatened to burn the place down.
Deputy Sheriff Rawlins at once sent
out two mounted policemen with instructions
to bring In the Koreans If
they could be found and charge them
with vagrancy. It seems that this is
not the first time these Koreans have
created the same kind of disturbance
In the valley and the police authorities
are after them.
ooooooooooo ooooooooooo
George Lycurgus, the well known proprietor of the Union
Grill of this city, was yesterday elected manager of the Volcano
House on Kilauca. Mr. Lycurgus has a controlling interest
in the company, and at yesterday's meeting of the stockholders
took a second mortgage for 5,000. on the property, the
proceeds of which are to be used in betterments. , r
It is the intention of the new manager to make the hotel
a favorite resort for island people. Low rates will be offered
and the service improved. New roads around the crater will
ue bum, tne Hotel pamted and new iurniture ana new water
tanks installed. 2
00000000
,
After many weeks of rumors
of
deals and agreements regarding the
future of the Volcano House, ft stockholders
meeting was held yesterday
afternoon with the result that George
Lycurgus Is now manager of the hotel,
having a controlling Interest in the
stock and bonds and also being the
possessor of a second mortgage for
nger, will come up on the next Klnau
and proceed nt once to Walalua where
he will take charge of the Halclwa
Hotel.
Mr. -Lycurgus made the following
statement last night: "I am going tomorrow-to
the Volcano to take charge
of the Volcano House. It Is my aim
to make the place the resort headquarters
for local people. There are many
who want to take short vacations nnd
$5000 placed on the property for the have not time or money to take a trip
purpose of raising funds for Important to the coast but would like to spend
Improvements. The nctlon of the tlme nt some Island resort. It
this' ,a my desIre to make at the' Volcano
rectors yesterday means much for
, House such a resort. Of course we
popular resort. Mr. Lycurgus will com-
waU tourlsta too
mence nt once work for the Improve- "There Is great need for Improvement
of the hostelry, extremely low ments at the house and we intend to
rates will be offered both at the hotel BPend over 5000 at once. The hotel
nnd for the trip thither and over five wl" be painted, new furniture will be
thousand dollars will be spent at once Put ln nnd new water tanks built. De-for
betterments on buildings, furniture Blde thls we wlu do considerable work
and grounds. It is the idea of the new ln Improving the roads around the era-manager
to make the Volcano House ne ot the Improvements will bo
the resort par excellence for Island n new fu"""nce; the one that Is In l.ie
ho,el now hus bee" the for fourteen
people as well as for the tourist pub-
lie. I
The stockholders of the KUauea Vol- "Low rate3 wl be a feature.
House Company Limited, met In rangements have been made with the
the rooms of the Merchants' steamship companies for round trips
the minutes "of the last meeting" rend The tnble which has been on the Amer-
yesterdny were those of 1902. A long icaLP,h "a.!"1 ."" '" thE f1tMr"
... , . .. . , ... , "n both American and European plans.
wait between meetings Is not likely We re Bolne to do gardening nlso nnd
to occur again for the first business
yesterday was the adoption of a new
by-law providing for meetings in February
of each year. According to this
the next meeting will be held ln February,
1905.
The report of the treasurer was read.
It showed a slight gain ln profits
over the lnst report. This, however,
was due to the subsidy of the steam
ship companies, for the hotel itself
1
r
XT
THE VOLCANO HOUSE AND THE
NEW MANAGER, GEORGE LYCURGUS.
ooootootootoo
tlon in the Alexander Young Building'. from "nl"lu to the Volcano and re- I hope to be able to supply
meB ror tn "n"0" Grill In this city."
at 3 p. m. yesterday. President L. A.turn for 15- These trips will take
Thurston was In the chair. Of 1953 ab"t two weeks and will include Deosthen Lycurgus will
.hare- of stock almost Reamer, railroad and carriage tyJ
1800 were represented at the meeting and room, board and baths at the Vol- Lycurgus will take one of his cooks
vesterdav. the first full meeting in "".House during the stop there. .The with him tomorrow. For the present
' ' ruguiar raie win ue J5 per weeK in-Mho Union Grill will be conducted by
years. There have been few meetings eluding room, board and bath. Liberal one of Mr. Lycurgus's assistants. Later
or tile stocKliolders in past years anu rates win oe made lor longer times. George Andrews, who Is now nbroad
win take chnrge.
Mr. Lycurgus has not definitely
formed his plans for the proposed Hllo
hotel.
HONOLULU IRON WORKS
GET MEXICAN CONTRACT
It is certainly something for the people of this Territory to
be proud of when a local firm, in competition with the largest
showed a loss. The election of ofiicers firms in the United States, secures a contract for building a big
followed nnd the following were sugar mill in Mexico. That is what the Honolulu Iron Works has
cij. iicaiuciii, iv. v. Danism, vife
fm.n
premaeni, u. .u. wigm; secretary,
A. Thurston; treasurer, Richard IL
Trent; auditor, J. A, Kennedy.
Mr. C. Hedemann, the manager of the company, will return
from a three months' business trip on the mainland on the Siberia.
During his stay in the States he succeeded in gettincr the contract
it was anndunced that there were no' for the sugar mill which is to be erected near Vera Cruz, Mexico,
funds ln the treasury and that there by the Tobasco Plantation Comnanv. an American entprnrisn with
-'
..-.- ..... . . . .. .
were 3uu outstanding bonds. A resolution
was passed authorizing the directors
to place a two-year, .second
mortgage on the property of the company
to raise $5000 for painting the
hotel, purchasing new furniture, con
Headquarters in Minneapolis, Minn., and extensive cane fields in
Mexico.
The contract secured by the local firm calls for the construction
of the machinery, structural iron and in fact everything about the
mill. Although the plant will be a large one at the start it is bcincr
structlng new water tanks and making, built with the view of extension as conditions warrant. Mr.
other needed improvements. This
mortgage was taken by George Lycurgus
who was elected manager of the
hotel at the directors meeting
after.
Manager Lycurgus will leave on the
Mnuna Loa today for the Volcano
House and will take Immediate charge.
maim visited Mexico during his present trip and inspected the
site of the new mill.
One of the principal owners of the Tobasco Plantation Company
visited the islands about six months ago and made an extensive
inspection of the various sugar mills here. He was so pleased
witli the machinery built and installed by the local concern that he
urged the company to enter a bid and the local firm was given the
St. cialr Bldgood, who has been man- preference in making the award.
, V
flr
v
VOL. XXXIX, NO. 101. HONOLULU, H. T., TUESDAY. FRIDAY, 10, 1904 SEMI-WEEKLY. WHOLE No. 2C51
I Utt
I
FOR KNUDSEN
Claim That He is Entitled
to Speakership
of House.
They nro taking the flght for the
speakership of the next House much
more seriously on Kauai, it appears,
than anywhere else In the Territory up
-to the present time. Mr. Knudsen of
"Kauai is the only candidate thus far
-who does seem to be taking the fight
seriously. In its last number the Garden
Island, which may be assumed to
speak the personal wishes of Mr. Knudsen,
prints this editorial:,. -
"Honolulu papers .and people suggest
that Kau'al is not entitled to the
of the House; that she has had
too much heretofore and should take
a back seat. Kauai cannot see It this
way, try never so hard. Mr. Knudsen
ivas made vice speaker last time because
the position naturally fell to him,
.and he showed, the few times he presided
over the deliberations of the
House, that he was well fitted for the
position; his management of
proceedings expedited uusiness una
showed that he was thoroughly able to
control and guide the work of the
House. Mr. Knudsen is a good man
and will make an nble presiding officer,
nnd the very fact that he was vice
speaker of the last House by honorable
politics entitles him to the party's support
this time for the speakership.
"Kauai has never received her due
share of public appropriation or public
favor; she has upon nearly every occasion
been shouldered to one side In
the interest of other localities. The
time for favoritism and
"business has passed and when Kauai
can Justly claim public favor, ns In this
instance, she should receive her dues.
Honorable politics"
party require that Eric A. Knudsen
"be the party's choice for speaker of the
next House of Representatives. It is
up to the party to deal fairly and
squarely and In accordance with the political
practice and precedent."
The geographical consideration, nevertheless,
will enter Into the
contest, so say the wise guys, nnd
-the geographical politicians Insist that
they cannot figure Mr. Knudsen into
the speakprshlp, put It how they may.
Kauai, say these, had the speakership
at the first session of the Legislature.
Knual had the vice speakership at the
NEW MAN FOR VOLCANO HOUSE
oooooooooooo oooooooooooo J000000
HAWAIIAN LOAN ACT
TIES ATKINSON'S HANDS
Reduced Interest Will Not Justify a Private Sale
of Bonds Unless a Higher Premium Than
Last Time Be Offered.
oooooooeoeoo ooooooooooo
X NEW YORK, December 14, 4:20 p. m. To Campbell,
A Honolulu. Purchasers offer higher nricc for all or none in
order to control market. Dillon & Hubbard, New York, will
not approve any private sale unless at figures higher than
last sale regardless of interest rate. Cannot secure higher
figures than last sale if bonds draw lower rate than 4 1-4 per
cent. Under present market conditions advise against public
sale. ATKINSON.
HONOLULU, December 14. Atkinson, Hotel Astor,
New York. Prefer sale at 4 per cent, by advertisement if
necessary. Purchaser can control, as intend to sell only
$500,000 now. CAMPBELL.
ooooooooooooaoeoooooooo
From the foregoing, cablegrams exchanged yesterday between
Secretary Atkinson and Treasurer Campbell, the status to date of
the Secretary's public improvements loan mission may be ascertained.
As reported by the Advertiser the other day, the Secretary
had received a bid of $1000 premium on a million dollars of Hawaiian
bonds at 4 1-4 per cent, interest. This was better in both
ways than the million dollar 'loan floated in New York last year,
which obtained a premium of S626 on bonds carrying 4 1-2 per
cent, interest, although that was more favorable than had been expected.
Treasurer Campbell, on receiving the latest cablegram from
Secretary Atkinson, consulted the Governor, whose view of the
situation is reflected in the answer sent. The Governor strictly
construes the provision of the Loan Act of 1903, as Dillon & Hubbard
evidently do, which authorizes the Treasurer, with the approval
of the Governor, to sell the bonds at private sale without
public advertisement, "provided such bid shall be above the figure
of the last sale." According to this construction the bonds cannot
be legally sold without having been advertised, even if they
bear only 2 per cent. intercstHunlcss upon a bid higher than $626 in
the million, or "the figure of the last sale." If the proviso in
question read, "unless upon more favorable terms," then the interest
as well as the premium might, in a situation like that which
Secretary Atkinson is up against, properly be considered.
Dillon & Hubbard, it will be remembered, is the firm of finan
cial lawyers whom Secretary Carter, now the Governor, consulted
when floating the first million.
With regard to the Governor's decision it may be remarked
that, should public competition sell the 4 per cent, bonds even at
99, the advantage over 4 1-2 per cent, bonds at par would be considerable.
Roughly estimating that the discount and the expenses
of flotation would equal one year's additional interest, there would
be a saving of $5000 a year for the remaining fourteen years of
the life of the bonds or $70,000 which, after deducting $40,000 for
the initial cost as shown above, would leave the Territory better
off $30,000 in the million. Four per cent, bonds at par value would
be just $10,000 better and, in any case, the cost of flotation has to
be counted.
(AbSOOXATED PBEBB CABLECiBAMU.)
JIBUTIL, Dec. 16. The Russian Baltic squadron sailed from
here yesterday.
THE SEVASTOPOL.
TOKIO, Dec. 15. It is believed that the battleship Sevastopol
at Port Arthur has been seriously damaged, sinking to the torpedo
tubes astern.
TOKIO, Dec. 15. The Russian battleship Sevastopol is reported
to have been torpedoed after many attempts.
The bombardment from 203-meter hill has destroyed the storehouses
on Tiger's Tail and three commercial ships.
Observations from the hill show that there is not a single ship
afloat in the harbor. All that can be seen above water are turrets,
masts and funnels.
The streets of Port Arthur are deserted, nobody is patrolling
them and the houses are burned or shattered.
The present sea power of Russia in the Orient having been destroyed,
with the exception of two or three cruisers in winter quarters
at Vladivostok, the Japanese fleet, with the exception of a
flotilla of destroyers on patrol duty, will go into dock.
The Japanese troops are now advancing from the shores of
Pigeon bay against the western forts.
