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liOXOLCLr 1ST Alt- b l n LhTlTN . Tl t;.siAV. SKPTfvrrER 11. 1017.
RILEY H. ALLEN EDITOR TUESDAY .SKPTKMBKR 11. 1!U7. ; Investing Honey Hade In Hawaii How Inn;: will H;nv;iii j.n.- ;m UWa "Jm f'f gold bii k M liO-? , 11W mix h longer Mill hundreds uf -on-tinue to Vmv k in any new enterprise that is projected or whose stork i olTeiM for sale either lv huix of liM-al iiK ii or some smooth salesman from the coast ? U uould rtaiiil wrm as ihon'h island eole have had enough lesnons in the pat and leen Miins Tofteil enough so that they would let onie of these gold hrick s. hemes aloue. On the contrary it sems as thoug.i almost anyone could tiud a ready market in which to sell stock. A prominent broker m-eutly remarked that he Lad every reason to lelieve that over one and a half million dollars had gone from these islands during the pant two years into mainland propositions, that 'would return nothing on the investment or only a few cent on the dollar. Pome jieople seem to le bor.i gamblers and un able to resist the temptation to be constantly spe culating. If a man or woman can afford to take a thance and lose his or her money, and knowingly goes into a proposition on this basis it is one thing, but when people of moderate means put their hard earned savings into speculative mining proposi tions and others of like nature and lose them all or a large part of their capital it is a real calamity. Mr. Theodoro X. Vail, president of the American Telephone & Telegraph Co., in a recent number of the World's Work, writes as follows: "Speculation for immediate gain is gambling, pure and simple, and sooner or later brings to grief all who continue in it. There are exceptional cases of those making one or two successes and dropping out, or those who have died at the peak of prosperity, but these . Instances only demonstrate the rale. - "Speculation which is investment against future growth or development and is represented by out right purchase is venture, and to it should be ap plied all the rules of venture. "Venture should onlj be entered into by those who can afford to risk a part of their capital, and henonly not more than can he lost without dis aster; it should never be done on' credit." Because a few men of prominence in the business world can well afford to take a risk, do often take rtock in an enterprise purely as a speculation and r.s a side issue, many construe their act as a strong indorsement of the proposition and immediately ; lunge in and buy without any investigation or ; nowledge of ,'. whatt they; are risking. It is hardly fair to such men to' imply that they are'responsible for the interpretation others may place on their cts, but they should realize that they have a cer- ilk influence and should make every endeavor to : to it that their names are not used to influ ence others to invest simply because they were will :rg to take a chance. This likewise applies to the members of the stock schange. Some of them have been making such :rge commissions in the purely speculative stocks ' at they have either consciously or unconsciously fluenced large numbers of people to speculate in ;!,cse stocks with large resultant losses to their '.lents. ' . . It would seem as though the time were ripe for . forms in this line. At one of the clubs recently it was suggested that 'ther the reputable brokers should decline any fur .cr to deal in the yellow sheet .and highly specula te stocks, or the sugar men should withdraw the ting of the various sugar and mercantile stocks . ni the exchange. There. is room for serious thought iu this sugges '.:n. It would seem also as though there should ? inaugurated by the banks and trust companies f this city a campaign of education in the wise in-1 .stment of money. What the Mayor and Sheriff Might Have Said. What should the mavor of tin- it ;.!m! t!i' !h tiff Mr. O'Mally of Australia has the average Amer an sixed up perfectly. He is in this war to win r the United States, regardless of whether he hap ns to like ir allies. It was the same in the a nish-American war. ( Some of the old duffers Jn't see why we should be going out of our way 5 save a few unfortunates in Cuba and the Philip laes, but if that was the job for the United States i do in working out its destiny, they were right Lere to see it through. And they did. Without the sound of a single trumpet or a . jneral note from a single disappointed statesman, !;e Hon. ex Congressman Victor Murdock was con rmcd by the United States senate as a-member of ; :.c federal trade commission. This shows that the resident is non-partiian in his selections, and the -enate has come to the sensible point of being non- artizan in its confirmations. Kide over the experimental road at the College of Hawaii and you need no further education 'on the superiority of reinforced concrete in street construc tion. At jthe same time it is well to bear in mind (hat this road, during the past year, has carried ?ome of the heaviest traffic that has passed over any highway of this island. Tverenskys prompt action in tackling every trflitor who shows his head leaves no doubt of who is running Russia at this particular period. And the best of it is that Le seems to have the solid backing of the people who can make Russia a re public Ole Olsen has got all tangled up trying to be a Spaniard in the Argentine and a (icrman in dis guise. Ole never did succeed in disguise. ' v.' ; - A . .... . . have said to the assembjed oli-e fop-e if no? to thank them fnrsU' political work tln !i,il iin- in the atl election? This jucn .night very reasonably U- 1 1 1 U honest jMtlitical hemhmen of Honolulu, who luo U-cn schooled to think that the foundation of Anierii-au liberty, the lepinnin and the cud. is rank regular ity of partisanship. This paper is prepared to lclice thai the mayor and t lie sheriff thought their politha! thanks" speeches were fpiite proper. They may. probably will, present the comment of this pajer to their friends as an evidence of the unfair criticism of ihe press. Let it l admitted that the mavor and the sheriff are entirely honest and well meaning in their ignor ance. What should they have said to their men on the occasion of an official inspection? What central thoughts should they have left with the mcmliers of the Honolulu police force? First, they should have expressed their apprecia tion of the good work done by members of the force in the service of the people not in the service of the political fortunes of the mayor and the sheriff. Second, the mayor and especially the sheriff of the city should have impressed upon his men that the reputation of the force depends 'pen the t hai aeter of service to the public that each man renders. Third, no mender of the force should have beeu allowed to leave the conference without having had forcefully brought to his attention that his reten tion on the force would be determined solelv bv his record as an alert, intelligent and thoroughly eflici ent police officer. Fourth, these man should have been reminded that in the final analysis, they will be treated by the peo pie of this city so far as salaries and equipment are concerned exactly in the proportion that they de monstrate their ability to handle the particular tasks that fall to their lot. If they show ability, a fair knowledge of their duties, a willingness to work, a ready response to the discipline so necessary to efficiency, then they would be sure to command the respect and admiration of the public, their requests for equipment would be taken seriously and all the criticism of the press or the partizans. or what not, could not wipe out their reputation as the livest, snappiest, brainest, best looking police force to be found under the American flag. The mayor and the sheriff could have said these things and besides making their men feel appy. they would have established a measure of public con fidence in their own ability to grasp the importance of their official job. Then if the mayor and the the.-J followed out their words with actual performance in enforcing discipline and consistently practising the progres sive principle of service first, they would find men tf Honolulu, without regard to party or class or clan, publicly thanking them, helping them, support ing them and believing them when they say that in Order to be properly policed Honolulu requires more men. , The mayor and the sheritf must do something more than have their sj)eeches written for them. They must wake up to a realization that this is a growing city. It is not Niihau or Kau. They must know that every time they subordinate public service to their own selfish j? olitical fortunes they disgrace the city and discredit the men serving under them. Just as sure as day follows the night the march of efficiency in public service w ill wipe out the man and the men who lean on partisan :hip, ignore the pressing demands of a progressive community and defend incompetence by complaining that they are being picked on all the time. Has the name of Woodward ever sifted through the conferences on the subject of the city engineer? He has had experience in the islands, and he may be sufficiently non-partizan to fit the political neces sities which some strive to force ou the situation. Or have contenders decided to actually eliminate politics and stand solely for efficiency, the platform on which they were elected ? We Can All Help, If We Cannot Serve DO YCUIL "' ' Judging, from the reports, the Mineral Products Company needs now to do some of the things that should have been done in the first place. Then the stockholders will kno-; what they have for their money. Take note that the German official despatches admit two retreats that are not strategic. If. after three years of war. the Prussian censor has learned how to tell the truth, something has leen gained. The report comes to this paper that the splendid new highway on Punchbowl is being dug up for some performance of the water works. Is this a case of a fore-thought coming afterwar d? The official mayor and the official sheriff thank the official police of Honolulu for the help that was given the said mayor and sheriff in securing their election. Can you beat it? Make your business plans so a- to take an active part in the Civic Convention meetings. This is the most powerful influence for united and intelligent Hawaii. If Honolulu is to develop a crop of hoy murder ers, it mnv lie well to consider the mvessitv for con- victiug some of them A REPLY TO WATT. Editor Honolulu Star-Bulletin. Sir: The article appearing in this afternoon's issue, "Ryan Tackles Watt." is, without a doubt, the moX fnt"--. of literature published in "Timely Topics" for some time. I suspect: that Mr. Watt received quite a jolt after reading the article, and may have possibly swore venge ance Against its author, which to my belief would go no further than his front doorstep. Mr. Watt owes every American in this community an apology, and noth ing abort of a public letter to this et feet will right the injustice he has done towards the flag that has pro tected and enabled him thereby to fill his pockets overflowing with gold His blowing doesn't amount to much and we all hope his patriotism will win him the rank of an admiral in John Bull's navy. However, we have reason to believe that men of his cali ber prefer to stay at home driving fine automobiles and puffing on high priced perfectos. Congratulations to Mr. Ryan for his timely article, and may others come forward with contributions towards giving this man, Watt, his just due, by continually dragging him into the J limelight for ridicule. In conclusion I wish to state that if Mr. Watt cares to blow any more about John Bull's navy he can do so to the four winds, or to others of his kind. Thanking you for the space. Respectfully, EDWARD CUMMINGS. Machinist's Mate, 1st Class, U. S. Naval Reserve. Pearl Harbor, Sept. 8, 1917. and was fined $5. but that is not en ough for a man who will hit another from behind. I am writing this for the right of man. Every man should seek to do good to everybody, and not evil. I mean that I am fighting for the right of man. If there are any sneakers on Oahu that do not like my way let them come to the front and I will show them what sneakers get around the coal mines. The next time a man comes at me from behind I will not take him to the police station and run a chance of having the trial sugar coated, but I will do the policing myself. FRANK MURESKIE, Sergeant, 10th Company, C. A. C, Fort De Russy. September 1917. DOESN'T LIKE SNEAKERS. Editor Hc.inliiiu Star Bulletin. While doiu? guar:l duty at ti t- wa terfront I liad in;r orders to keop ilc people in their seats when t'ne vm1 ming races were going or. There were a few n'?n who rushed to tne front and Mocked ihe way for oihtr people who wanted to see. I told the men to go back to their seats, but they were so interested in the race that they strove to stay there until the race was over, so I intended to let them stay. I faced the water to watch the swim. While watching the race Hol ster came from behind and shoved me into the water. Then he began to run. but Captain Hawkins and Lieutenant Latimer caught him by the collar and held him until I came out. The next morning he pleaded guilty CHINESE REVOLUTION REPORTS NOT GIVEN MUCH CREDENCE HERE Reports of contemplated revolution in China, with Dr. Sun Yat Sen at its head, are not given much credence here, according to the staff members of the Chine'se consulate. Chang Chau, a close relative of the famous Chinese statesman, who is said to be in constant touch with Dr. Sun Yat Sen, had notliing to say on the subject. It is reported in Chinese circles, however, that lie is the only man in Hawaii who knows the pur p-ses and movements of Hie Chinese leader. Dr. Sun Yat Sen was the first Presi dent of China, having overthrew u the Manchu government. JOHN SCOTT, EMPLOYE OF INTER-ISLAND, IS DEAD John Scott, formerly a member of the ere v.- of the Wailele, died Sunday night trom the results of an injury re ceived on the boat on September 2i. Funeral services were held yesterday afternoon at o o'clock from Williams undertaking parlors imd interment will bp in N'uuanu cemetery. While working on the Wailele, Mr Scott in some way came in contact with some iron and a piece went into his leg. He was taken to the Emer gency hospital at the time, and latpr placed in the care of the Inter-Islands physician. On Saturday he was walking around, apparently well, but on Sunday he suddenly took ill and died during the night. He leaves a wife and several children. TOKIO PROFESSORS STRIKE (Special Cable to Xippn Jiji) TOKIO, Japan, Sept. 11. Waseda university did not open today on ac- Alewa Heights One of the most comfortable three-bedroom bungalows on the Heights, commanding a superb view of Honolulu, which cannot be obstructed. A bungalow built as homes in Hawaii should be built. Within easy walking distance of the car line. Concrete basement and laundry. Servants' quarters. Garage. Beautiful lot of over three-quarters of an acre. Price only $.3000 on exceptionally easy terms. Guardian Trust Co., Ltd. EBAL ESTATE DEPT. Tel. 3688 Stangenwald Bldg. 1 I Reducing the Egg Bill With the use of Royal Baking Powder fewer eggs are required and in some recipes may be left out altogether. Just add about a teaspoon of Royal in place of each ecg omitted and you will obtain excellent results and effect great economy. The following recipe is given as a practical illustration : JTULY roll 1 car i:sr C titfupocr. hot water D!RFCT!ONS-Mix nj vft Jry in I'dter:: tir in wl! rgc : JJ hoi vwatrr: beat we!' unlit sniocth : roof (pta 'arc welT tre1 r-i H;tfr sou!Jfi,-tn,crfi,'n V t"--k fr rac t rol! i.ur1 H'f m 2w evei Tui;: iiu: ' c-t of brew:: rarer. r'l i!'.:tr ! wrtt K r , - w iereJ .. Bet ie'! u "i frrk an J upreaJ on cake Wtt kni'r trtm rt a't cruatv f li- ' r up wu'e t:'l h v 'iH'ng - it tve rrff kerr thr r ' per'ecti round ?o!! up u. cioth unl-.i coo'.. The old method called lor 3 eggs Nw book of recips which economize H egs arrd other ex pensive ingredients mai'eJ fr?e. Ai!drfs Kcva! BdWmc Powder Co., 135 William Street, Nw Yrrit, U. S. A. mm, BAKING POWDER Absolutely Pure Made from Cream of Tartar, derived from grapes, adds none but healthful qualities to the food. No Alum No Phosphate fount of a strike amonn the profes sors. There has been a big fight on against Dr. Amano. the present dean, and after sending his resignation to Marquis Okuna, presidt nt of the unt 1 ersity, the dean with 'J other pro fessors left the school. As a conse quence there are not enough profes sors to meet the demand, and it la rot expected that the university will begin the fall term before the end' of the month. fiary then rode his bicycle to Selnia. ! where he surrendered to the con stable. .Carypafd he had lulled r.1 parents because they had swindieil him out of his ranch. Officers of Hawaiian Lodse No. 21. V. & A. M.. are requested to be at lodge rooms this eening at 7:30 'or i ractise. THEOLOGIAN KILLS AGED PARENTS. THEN SURRENDERS FRKSXO. ( al A. S. Gary, 3S years old. graduate of a theological college In Massachusetts, killed his agd father and mother. Mr. and .Mrs. Srr kis Maghakian. at their ranch a few miles from Selma. Fresno county. Havinc enlisted local schools, in tho 'campaign, the woman committee cf the territorial food commission Is pre paring a letter which will be spnt to (hurches and secular organization r.sking them to assist m t!i move ment for the conservation of food, it is the desire of the ommitteo to eventually place this appeal hefoio every man. woman no child in th territory. 26. Care of Securities rn While i ou Are Away THE men who are absenting them selves for patriotic reasons can be relieved from all anxiety with regard to their securities and maturing invest ments by appointing us their custodian under voluntary trust. You can arrange to have them always under your control, to be transferred or sold or used as collateral to loans by your direction, with a stipulation of ex actly how you wish them handled in case of the ultimate possibility "at the front." We can explain the various arrange ments in detail either personally or by mail. rn 'israi'iR1-' KtCHARO H. TRENT, PRfcb. (..HAS. G. HEISER, JR., TREAS. I a WIN H. BEADLE, SECY. t t Henry Waterhouse Trust Co., Ltd. Have you seen our new.Sub-rhv... .. SPRECKELS TRACT, 3RD SERIES New roads, sidewalks, curbing, water, sewer and gas. You can select a lot with growing trees and build a home in one of the best residential sections in Ho nolulu. Make an appointment to see these lots. We will finance a house for you. Henry Waterhouse Trust Co., Ltd. Real Estate Agents Corner Fort and Merchant Streets P. 0. Box 346 Telephone 5701