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KTENINO BULtlETIK, HONOLULU. II. T., WEDNESDAYi APIUL 2, 1902.
4 -ft v -
The "COLUMBIA" of today has
reached a state of perfection unequal- '
oil (n any other bicycle, and Its popu- ,
larll Is ever Increasing.
Light running uphill or on the level ti
cushion frame, choice of tires, saddle, fy
pedals, etc. l'rlcc ''
i . Largo BtocU now on .hand and we
s sell thorn for cash or on Installments.
B. O. HALL & SON, Ltd:
miLERS' BLOCK, PORT STREET.
BUILDING AND LOAN
Superlnendent Kllburn of. the New
York State banking department on
Building and Loan Associations lus
made his annual report to Oovcrnor
Odell. Ah the Ilulldlng and Loan
jchemc lias met with good success In
Hawaii, the following excerpts from
Kllburn's report will be -read with In
terest: Total Assets of Associations.
The total assets Of the associations
of the Stnte a reported amount to $30,
T20.9U. The total assets icportcd by
the national associations amounted to
JJ1,"30,45B, which Includes, however,
S,3C!U2G of prior liens Or assumed
mortgages. The total assets of the lo
ml associations were $34,990,483, and
only (321,040 of prior liens arc Included
In this amount. The totnl operating
expenses of the thtrty-clght national
associations, how over, amount to $589.
9J7, while the operating expenses of
the 283 "local associations amounted to
only $2S2,CG2. The operating expenses
of the national associations, therefore,
were our 2 7-10 per cent of the report
ed assets, and the corresponding ex
pense's -of the local associations but
slightly In 'excess of 8-10 of one per
Advantages of Locals.
As so large a proportion of the assets
of the national associations, however,
consist of prior liens, a fairer basis of
omparison Is to consider the percent
age of operating expenses to accumu
lated capital, consisting of the dues and
dividends credited to members. Tho
dues and dividends credited to mem-'
bers of the thirty-eight national asso
ciations amounted to (11,281,810, and
the accumulated capital of the local
associations to $30,990,230. Upon this
basis the operating expenses of the
national associations were nearly &i
per cent of their accumulated capital,
while the operating expenses of the lo
cal associations were only a little over
nine-tenths of one per cent.
Source of Profit Receipts.
The principal profit receipts of such
corporations are the Interest and prem
ium paid by members and tho rent re
ceived from the real estate taken by
them upon the foreclosure or settle
ment of mortgage loans. From these
sources the national associations re
ceived $1,394,750 and the local associa
tions $2,031,281, so that the ratio of
operating expenses to the principal
profits receipts would be over 42 per
cent for the national associations and
less than 14 per cent for tho local as
sociations. During the year 1899, seventy-four
associations paid to the liolders of ma
tured stock, however, the sum of $1,
774,057. During the year 1900 eighty
seven associations made correspond
ing payments to the amount of $2,124,
981, and during the year 1901 these pay
mcnts, made by 103 associations,
reached a total of $2,500,S13. Of this
amount $2,329,778 was paid by the lo
When It is remembered thnt during
the same period the associations of this
State paid to withdrawing members
and the holders of cash dividend stock
$11,819,113, and that these results hava
been obtained In the face of the total
failure of so many well known asso
ciations which have with difficulty
been distinguished In the public mind
from the purely co-opeiatlve associa
tions, I think the success of well-managed
Institutions may be considered
assured, and all reasonable claims of
the advocates cf the system may bo
Laws Governing Should De -Strict.
I believe that had the laws of this
State sufficiently restricted and denned
the powers of these corporations, and
had adequate powers of supervision
been given the superintendent at their
inception, the building and loan as
sociations of the Empire State would
have attained the same pre-eminence
in their class as our other financial In
stitutions, and that Incalculable good
would have resulted from their Increas
ed efflclenc). Nor la there any real
ground for antagonism between these
corporations and other financial Insti
tutions like banks and savings hanks,
notwithstanding the charge sometimes
made by those who would obscure the
ibsue, that the superintendent of hanks
in bis efforts to purify the system and
free It from the exccrcscences that
have deformed It and Impaired Its use
fulness, has been animated by partial
ity for the latter Institutions, ?
Encourage Thrift and Economy.
The building and loan associations
of the State appeal to a different class
of investors and encourage thrift and
economy among a .class of wage earn
ers whom the older Institutions cannot
as, easily each, and many bankers
have encouraged their growth and In
terested themselves In their affairs,
well knowing that the deposit of the
idle funds of thesa associations la more
advantageous to the banks than would
be the probable deposits of all their
WORK IN NEW YORK
members,' had not their small savings
been first emouraged and then col
lected and combined by means of these
Institutions. Their Investments, more
over, are of a class that would not bo
permitted In banks or savings banks,
nnd which perhaps they could not
make with safety, even If allowed by
law. I slmercly hope that by the
enactment of necessary legislation nnd
tho adoption of sound theories and snfo
j methods by the associations them
' selves, tho department may bo relieved
of A. great part of the work of super-
v Istnli ndw necessary, In order to cor-
Mull ., ua .,.! ...,.. wth,ntl,H Jkll.l
devbtc it greater portion of Its efforts
to thb work of perfecting, encouraging
and developing this system of savings
arid Investment a system which,
while hot In any sense charitable, Is
jet beneficial In its nature, and for Its
highest success requires from the offi
cers of associations a higher degree of
public spirit, greater restraint, unsel
fishness and devotion to tho Interests
of their fellows and less hope of pecu
niary reward than Is required of the
officers of some of the other corpora
tions under the supervision of this de
partment In conclusion, Superintendent Kll
burn makes tho following recommen
dations: (1) That the loaning territory of
such corporations he limited by sta
(2) That the practice of treating the
entire gross premium charged borrow
ing members and Included in mortgage
loans as a profit wholly by the associa
tion, and Immediately available for the
apportionment of dividends and the
payment of officers' salaries and other
expenses be prohibited,
(3) That expense fund deductions
from the dues or stock payments mado
by members be prohibited and such
corporations required to pay expenses
from earnings In the Bame manner as
other financial Institutions.
(4) That all such corporations, with
out regard to the time of their organi
zation, the laws under which they were
Incorporated or the length of time that
they may have been engaged In tho
practice be forbidden to make further
loans upon tho divided or second-mort-'gage
Washington, March 13. President
Roosevelt recently told a story at a din
ner party where Senator Ilanna was
also one of the guests which may have
nn Important bearing on the Presiden
tial campaign of 1904. Already It is
accepted as evidence that the President
Is looking sharply after his own poli
tical future and Incidentally raises tho
question whether Senator Hanna will
e one or bis rivals.
The story is that a short time ago
Prof. Hooker T WnRlilnotnn nslreil
Judson W. Lons, the Iteglster of the
uniteil states Treasury, uhether ha
favored the nomination of rtnnsnvelt
for 1904. Lyons, who Is a colored man
iium ueurgia, possessing grcai in
fluence with men of his rarn tlnmieh.
out the United States, after asking Mr.
Washington whether he came to him
in the Interest nf Preslilnnt Itnncevelt.
said that he would be very happy In-
iieeu iu use ins innueuce lor tvrestueni
Itoosevelt, unless, he added, Senator
Ilanna should'be a candidate.
"If Mr. Ilanna desires the nomina
tion," he continued, "I muBt nnd will
support hln, whether I retain my pres
ent office or not." '
Tha conversation was reported t,n
the President, who promptly said:
"All right. I admire a man who is
loyal to his friends. I have nothing to
fear from a man like that. Mr. Lyons'
statement i)oes not Jar mo a bit, and
he shall retain his office."
This story has caused a great amount
of gossip In Washington, as It has set
the politicians and public men to talk
ing about the chances of Itoosevelt and
Uanna, and whether they will be rival
Presidential candidates. It seems to
bo the general opinion that the Presi
dent has not Inlured his clinnf i,v i,i.
manly treatment of Iteglster Lyons,
but there are also many public men
who believe, that Senator Ilanna may
be a candidate, and a very popular
one at that, Those who are closest to
the Ohio Senator, however, say that ho
has no Idea of Becking the nomination
In 190'-1, and that he will assist Presi
dent Itoosevelt In everv wnv In 1.1.
power, .The President and Senator
Uanna are very warm friends, and H
Is morally certain that If the Senator
should decide to become a candidate,
Mr. Itoosevelt would be tho first per
son to be made AwnrA nt hln IniAntinn
and that he would get the Inforraotlon
from Mr, Hanna's own lips,
Ohio Itepubllians in Washington say
lilt 00 t t.u et
J ', 4 oil
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6 5 J It
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.1 . . I . ..
i ' 1
j 9 40
New moon Arrilth 8th at 3:20 a. m.
Tides from the United States Coast
and Geodetic Survey Tables.
The tides nt Kabulut and Hllo occur
about on .hour earlier than at Ho
nolulu. Hawaiian Standard Time Is lOh 30m
slower than Orecn wclh time, being
tnat of the meridian of 157.30. The
time whistle .ows at 1:30 p. m., whlcn
Is tho same as Greenwich, On 0m.
Masters of vessels sailing from this
port for San Francisco will find theru
a branch of the U. S. Hydrographlc
Office located In tho Merchants' Ex
change, where is maintained for their
benefit free of charge, complete seta
of charts and directions of tho world.
Latest Information can bo obtalnod re
garding lights, dangers to navigation
on dall matters of Interest to ocean
Weather Ilurenu, Punohon, April 2.
Temperature Morning minimum,
CO ;Mldday maximum, 74 . .
Uarometcr nt 9 a. m. 29.90. Steady.
Dew Point 07K.
Humidity at U a. m. S4 per cent.
Dlnmond Head Slgnul Station, April
2. Weather hazy; wind light SB.
Tuesday. April 1,
Str. Lehua, NaopnU, from Molokal,
at 11 D. m.
Str. J. A. Cum'tiilns, Scarlo, from
windward Oahu ports, at 8 p, m.
Wednesday, April 2.
Am, Bchr. Nokomls, Hansen, 23 days
from Oyster Harbor.
Stmr. MIKahala. Pederson, from Ko
loa. at i a. m with 3200 bags of sugar
and 33 packages of sundries.
Tuesday, April 1.
O. N. tr. Tamplco,. Ttced, for Mnka
well, Eleele and Kahulul to load sugar,
at 4 p. m.
Str. Nllhau, Thompson, tor Koloa,
Eleele and Hanapepe, at 4 p. m.
Str. W. O. Hall, Thompson, for Ko
loa, Nawlltwlll, Eleele and Hanapepe,
at 5 p. m.
Str. Klnau, Freeman, for Hllo and
way ports, at 4 p, m,
Str. Claudlne, Parker, for Maul
pbrts, at 5 p. m.
Am. sp. Mary L. Cushlng, McNeill,
for Port Townsend In ballast ,
Wednesday, April 2.
Sclii. Lady, Moses, for Kauat ports.
Stmr. Noeau, Green, for, Kaanapall,
Lahalna, Honokaa and Kukulhaele, at
5 p. m.
Schr. Malolo, Kay, for Hanalel and
Dark S. N. Castle, NIInen, for San
Francisco, with sugar.
From Kauai ports, per stmr. Mika
hala. April 2. W. W. Illckcr, J. Nelll.
L. Itogers, A. Ahana and wlfo, E. C.
Drown, M. Gonsalves, Ah Low, Ah
See nnd 59 deck.
For Maul, per str Claudlne, April 1
Miss Kathrlne Smith; Kahulul; D. H.
Davis and wife. Kahulul; II. P. Bald
win, Kahulul; W. N. Alexander, S. N.
Palmer, J. M. Couson, Mrs. Allen,
Mrs. Layson, W. T. Robinson, wlfo and
child, Kahulul; H. C. Ovcnden, liana.
Hllo and way ports, Klnau, April 1
'-Rev. T. Fukao, Hllo and return; Mr.
Wilson. Hllo and return; MIbb A. Kn-
nolio, A. G. Serrao, wife and son, A. I)
Loebcnsteln, N. C. Wllfong, C. R.
James, A. J. Lyon, R. F. Lange, L. T.
Kenake, R. W. Madden, Robert Hind,
J. D. Ryan, Mrs. J. M. Hind. Miss
Champlln, Miss Patten, II. L. Smith,
J. U. Champlln, C. L. Wight, F. B, Mc-
btocKer, wife and son, A. Frank and
wife, W. H. Layson nnd wife, E. It.
Earth, E. Devauchelle, T. R. Crook, Mr.
Srol, J, S. McCandless, Mrs. R. Scott,
E. HenrlqueB, Miss E. Colton, F. E.
For Kauai ports, per Btr. W. Q. Hall,
April 1 Miss Chung Sen, Miss Ah Sow,
uung wan quan, C. W. Spitz, M. Ko
scnbledt, J. McArthur, C. II. W. Ahl,
W. I). Dods, Anna Koaloa, Mrs. C. M,
Cooke, Dr. Hutchinson, C. Guy, Ah
Chew, Miss II. Sorenson.,
t I- -f -f -f
that the political situation In their
State makes It absolutely certain that
Senator Hanna will not try to get the
Presidential nomination in-1904. They
say that If he did. Senator Foraker
would throw all his strength for Roose
velt, end that would glvthlm wthe Ohio
vote. On the other band. Serfator
Foraker Is said to have the Presiden
tial bee buzzing In his bonnet, but If
he should attempt to stand as a can
didate Senator Hanna's Influence would
be sure to go to Roosevelt, and that
would defeat Foraker, in his own
State. Senator Hanna's popularity and
influence have Increased rather than
diminished since the advent of Roose
velt's Administration, and many of
the ablest and shrewdest politicians In
the Republican party would hasten to
his support If he should ask them to
assist him further In his political am
bltions, but as the situation exists at
present, It Is the belief of Rennhllrnn.
generally hat President Roosevelt Willi
ue norainaieu m I904 and that Senator
Hanna will head a Roosovelt delega
tlon from the State of Ohio. New
Hon. T. J. Onntt nf Qrtiiti, nAHnii..
. wwmh VM1UJ1UU,
U at the head of a movement In that
State tn have hull nt , o t ... .
position a reproduction of the cabin In
"",l" i-i-rameni Anurew Jackson was
There are 150 nemnnn ir)u.i
Injured by traffic accldonts on tho
streets of London each year.
We are now Offering for
Sale a Lot of
BUTTER SOITe.YOO? j
Has It got a moldy, back-number,
nged sort of smell that takes away
your appcttto for that thick, Juicy
steals you would have otherwise en
Joyed T Tho
-CRYSTAL SPRING BUTTER
we sell will create nn appetite not
take It away. Better than any spring
tonic made. It Is pure, sweet and
fresh asm daisy.
Metropolitan Meat Co., Ltd.
TELEPHONE MAIN 45
For Want Column See Page Six
FOR SALE The furniture of the Fort
Street House Is offered at private
sale. House can be rented subject
to approval of landlady. Apply to J.
R. Hall, cor. Fort and Vineyard Sts.
UNION HOUSE Mrs. Wheeler, pro
prletor; furnished and unfurnish
ed rooms; also rooms for light
housekeeping, Union St., above Ho
NEW - TO.-DAY
On account of the Inclemency of
tho weather, the Sbrlners' picnic pro
posed for April 5th, has been postpon
ed until further notice.
Uy order of the Committee. 2111-lt
Registered voters of the Fourth DIs
. trlct. who have changed their places
of residence since the last elections
(Nov. C, 1900), are requested to com
municate with WILL C. KINO,
Chairman Canvassing Com.
Address P. O, box 5C3, or King Bros.,
120 Hotel St. 2111-8t
HOUSE containing 4 bedrooms, par
lor, pantry, kitchen, patent water clos
et. Lillha Street, near School. Inqulro
of JOS. FRIA8,
No. 722 Fori Street.
SATURDAY EVENING, APRIL 5
And continuing every evening except
Opening play, tho successful comedy
A Man of Mystery
Songs, Dances and Specialties.
Change of Play Wednesday,
The Girl I Left Behind Me
Special Scenery and Effects.
Seats on sale Thursday, 2 p. m.
Orpheum Popular Prices 25c, 50e, 75c
Tho weekly edition of the Evening
Bulletin Is the largest and best pub
lished In the Territory. Sixteen and
twenty pages. $1 a year.
... ., ,
WASHApLE .SEPARATE SHIRTS
any skirt In' ha house values, up
to $3.00. i....U i..., COc'
A broken lot of LADIES VESTS.. . ,Jt
. . . . 5c' each
YOUR PICK OF ANY BELT In the
200 bolts WIDE FANCY RIBBONS
cliolco 25c. yard
8ILK FINISHED CROCHET COT
TON Sc. bait
40 pieces DIMITIES at.. Sc. yard
About 10tf CORSETS quality high
makes famous sizes ' bjroken prlca
i , ',.. 25c. eich
TABLE DAMASK, 25c. yard
STRAIGHT-FRONT Hose Supporters'
In different colors 25c. pair
MEN'S SUSPENDERS i 5c. pair
GENUINE MEXICAN HATS ours by
chance -Values up to $3,00 all....
In ; v 10c each!
Odd lots of LADIES' and. CHILD
REN'S STOCKINGS 5c. pair
CRASH TOWELING '..5c. yard
SHELL HAIR PINS.... 3 doz. for 5c.
DRE8SING COMBS, a basketful at..
'.... 5c. each
CURTAIN SCRIM 10c. yard
A mixed lot of PUR8ES 5c. each.
Another lot of BELTS 5c. each
LADIES' LINEN COLLARS Nearly
all sizes 5c. each
Dr. J. K. Cofer by hla attorneys, ILj
W. llreckons nnd J. J. Dunne, has nled
his answer to the complaint of Geo, Q.
McClellan for ejectment of the United
States quarantine service from Sum
ner's Island In Honolulu harbor. First
he denies each and every allegation In
the petition of complainant.
For a second defense he says: That
the plaintiff Is not the owner of the
premises described In the petition, nor
has he any Interest therein, .nor has he
any right to possession thereof, That
the tract of land described Is and liu
been slnco the 30th day of April. 1900,
the .property of the United Statej of
America, nnd Is now and has been
since that date In the possession of tho
United States. That defendant has
been since the same date and now Is a
passed Assistant Surgeon of the Unit
ed States Marine Hospital Service and
as such, and In his official, representa-1
tive capacity, has ben and now Is In
the possession of the tract of land de
scrlbell in the complaint.
Coral Is a shell of carbonato of lime,
Inhftbltetl 111- nn nnlmnl whlnti nnn i.a
readily detected under the microscope
iu an) piece oi nve corai iresniy taken
from the water.
NEW - TO-DAY
ELECTION OF OFFICERS.
At tho, annual meeting of. fiTe Ha
waiian Knglneerlng nnd Construction
Company, Limited, the following offi
cers were elected for tho ensulnj
A. N. Campbell President
W.Jt. Castle Vice President
W. R. Castle Jr Secretary
P. M. Lansdale Treasurer
F. J. Amweg
Director and Manager
A. N. Campbell Auditor
A process Just discovered of
preserving the pure Juice of
the grape without fermenta
tion, making a delightful and t
healthrul beverage. Guaran-1
teed to be absolutely pure and
to contain no chemicals. Un
equaled as a drink for sick
and for abstainers; also pos-,
Besses the eame finalities tor
For sale in quart bottles at
50c the bottle. Wholesale,
prices on application.
Sole Agent (or the Hawaiian Islands
and Broker ,
65 Queen St.
OH THURSDAY, APRIL 3rd
AT 10 O'CLOCK A. M,
At my salesroom, 65 Queen street, I
will sell atI'ublle Auction, a quantity
of good furniture, comprising
Oak Hall Stands. Dressing Mirror,
Oak Dining Table, Bedsteads,
Fine Oalt Sideboard, Lounges,
1 New Refrigerator, '
Rattan Chairs, etc.. etc.
New Sewing Machines, ,
1 Carpenter's Chest of Toots. V
JAS. F. MORGAN,
' On FRIDAY, April 4,
At 10 o'clock a. m., at the residence of
Mrs. M. C. Monsarrat, Ko. 1151 Union
street. I will sell at Public Auction,
Furniture and Effects, comprising In
Fine ferns and Palms,
Paintings by Tavcrnler,
Of Diamond Head, moonlight;
Paints on wood of flowers and Ha
Paintings by J. D. Strong, Diamond
Head, Surfing. Mullet, etc.i etc.;
Center aud Sofa Rugs;
1 Mahogany Etagere, Mantle Mirror,
Parlor Chairs and" Rockers,
Uedroom Set, Oak Chlffonlere,
Spears and Curios,
Wardrobes, Iron Bedsteads,
Oak Sideboard and Dining Chairs,
Crockery. Stove and Utensils,
Ice Box, Meat Safe, etc., etc.
4 JAS. F. MORGAN,
COTTAGE on Emmf. Square, 3 bed
rooms, parlor, dlnldt room, pantry,
kitchen and hath. Sent $10 per
month. 'Apply to Jas. I Morgan, C3
Queen street. "V
COTTAGE on Garden lane. Parlor.N
dining room, 2 bedrooms, kitchen,
pantry and bath. Rent $35 per month.
Apply o Jas. F. Morgan, 05 Queen
TWO - STORY HOUSE in the Mc
Carthy tract, Beretanla street, be
tween Pllkol and Keeaumoku streets.
JAS. F. MORGAN.
4K'V. . .-:
65 Queen St J"
i g ,.,
Hrf '' frk',.i Al- - ' r ''-'' "''
:i Us.,jt '" ' jK