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EVENING BULLETIN, HONOMTLP, T. H., THURSDAY,- JULY 30, 1908.
DAILY and WEEKLY Published by BULLETIN PUBLISHING CO., LTD.
; v " At 120 King Street, Hoaolulu, Territory of Hawaii.
Oafly erery day except Sunday. Weekly issued on Tneiday of each week.
MEMBER OF THE ASSOCIATED PRESS.
'Wallace R. Rnrrlngton,
ttt Month, anywhere In IJ.S .711
Per Quarter, anywhere tn U.S 3.oo
ferYear, anvherelnUS H.x
Per Year, postpaid, foreixn I3.ou
CIRCULATION LARGEST OF ANY NEWPAPER PUBLISHED
in the Territory of Hawaii
i tentorial Kooms.
" I Business
THE NEW EMERGBNOY CDRRENCY
A Washington correspondent la
authority fur the statement that tho
city of Washington, D. C, Is the only
city whoso bankers have formed a
National Corrency Association au
thorized under tho Vreeland-Aldrlch
bill passed at tho last session of Con
gress, and which went Into effect In
June. The purpose of tho organiza
tion Is to enable banks to takn nil
vantage of tho clause In tho new law
"which provides for the Issue of enter-'
gency currency, secured by commer
cial paper legalized clearing-house
Banks of other cities have taken
up a discussion of such organization
but so many questions have arisen
that little headway hits been made.
The bankers of New York, for In
stance, wero stalled when they at
tempted to pass h by-law making It
possible for uuy member of tho Asso-1
elation to withdraw when It pleased.
Mr. Cortelyou maintains that the al
lowance of such a by-law would de
stroy the vital feature of the wholo
law tho right of scrutiny for nil
members. The law Is so shaped that
each member must make It a part of
Its business to seo what sort of bank
ing methods are being used by other
J It Is claimed that the panic of last
i Fall and the disclosures of doubtful
methods would have been impossible
under such a law as this. Tho
wrong-doing would havo been head
ed off. Hut tho banks are not pleas
id. to open so freely tho acts of tbelr
boards to tho scrutiny of others.
Thus the delay In Wall Street.
Not a city, not a bank has thus far
Indicated a feeling that an emergen
cy Is In sight, wherefore, of course,
there havo been no applications for
permission to tako out emergency
currency. The Treasury has been
ready with tho new form of notes
. Blaco June 20. Some of them went
Into circulation on that day over the
counters of a new bank in Utah.
?'he Bureau of Engraving and
ntlng Is turning Out new notes at
the rate of $4,000,000. worth every
day. It takes three weeks to make a
National bank note. The only differ
ence between the old and the new
notes Is In the addition of the words,
"or other securities," to the legend
setting forth the fact that the notes
are secured by bonds of the United
States on deposit with the Treasurer.
Should an emergency arise, the
fact that banks had asked for addi
tional circulation would probably not
become public property, for, If thcro
were an extra strain on the supply of
currency, the Treasury would not de
sire, to add to the difficulties of tho
banks by advertising the fact that
they were putting out bank notes se
cured by the deposit of commercial
paper and other evidence of debts
owing to the banks. The fact, if
dado public, would have to como
through the banks themselves.
vThe Treasury people aro Inclined
tO;Vlow tho new currency law as one
oftho best laws ever put on tho stat
ute books. They believe it produced
the feeling of confidence that they
assert now pervades tho business
world, because the average business
man engaged In commerce or manu
facturing has been led to believe that
should a real emergency arise, It
would bo possible for the banks to
bundle up his paper and that of his
associates, have a National Currency
Association and the banks composing
It Indorso tho bundle and deposit It
(Wlth the Secretary of the Treasury
as',collateral security for an Issuo of
. ( Well-Informed bankers have found
'from their correspondence with Sec
retary Cortelyou thnt that official in.
Unas being strict in the admlnlstra
t tion of the new sections of the na
tional banking law. Even had tho
banks of tho country organized cur
rency associations so that the wholo
land should now bo covered with
thsm the greatest question of all
would still remain unanswered.
JiVhat, is on emergency is a tar
greater question than any raised in
connection with any of the proposed
by-laws of half-formed associations.
The Secretary of the Treasury is the
PAYABLE IN ADVANCE.
r Six Months .Bo
rer Year, anytiherelnUS I.oo
Pel Year, anywhere In Canada,.. i.Ho
Per Year postpaid, foreign 3.o
Office, - 256
Entered at the Tmtoflici at Honolulu
as sn-oml class nutter.
JULY 30, 1908
final tribunal for the settlement of
thnt question. There Is no way for
uppeallng from any decision ho may
make. Under the new sections of the
law the disturbance of last Full need
not havo been regarded by him as nn
emergency within the meaning of the
law. Wall Street regarded It as an
emergency long beforo the remainder
of tho country did. Secretary Cor
telyou went to tho assistance of the
great financial center beforo some
other parts of tho country were will
ing to look upon tho crisis as an
At times tho West has had disturb
ances which it regarded as crises, but
Wall Street refused to regard them
so seriously. That presents tho possi
bility of ono section of tho country
regarding the condition ob much less
than an emergency such as contem
plated by the law and of tho Secre
tary of the Treasury agreeing with
the Bcctlon that said it was not nn
It Is on account of that possibility
thnt the Treasury oOlclnls nro not
disposed to discuss tho probability of
tho question of the workableness of
tho law being tested this fall. They
do not wnnt to have tho question
brought up until It Is no longer
avoidable. They nre thereforo all
members of tho Sunshlno Society,
telling everybody thnt everything Is
all right and proving It by the fact
that no ono has yet undertaken to
put the emergency feature of the new
currency legislation to the test.
Tho task before the Democrats at
Denver has been made harder by tho
skillful work of tho Republicans. If
the Democrncy expects to win In No
vember, it must Imitate tho Repub
licans and get together, at any tsacrl
flco of sectional or personal ambi
tions. Only tho best candidates and
tho best platform the Democrats are
capable of making will be nble to
stand against the Republican on
slaught during this summer and fall.
Anapnni St., Manoa Valley, Bere
Partially Furnished House at Wai
Building Lots, Manoa Valley, Ma.
kiki and Punahou Districts.
House and lot at Xapahulu for
House and lot on Makiki St. for
House and lot, College Hills, for
Comer Fort and Merchant Streets.
For Business Deals With
$1800 will Buy
BBBEBLsH'fllVi' ' H
Sjwd; mk LoM
(Continued from Pace 1)
derstand the Governor to Intimate
that any such condition of corruption
"The Governor's other remark to
the effect that 'If nny party has only
the straight ticket to commend It,
that party should go down to defeat,'
contains no concrete or practical pto
position. How can nny party ever
have 'only Ihe straight ticket to com
mend it'? You cannot eliminate the
party's platform, its policies, or the
personnel of Its candidates.
"Governor Krear'B remarks neein to
have been understood to be a sugges
tion to voto for tho so-cnilcil 'best
men' irrespective of party.
"I cannot ngrco with that Idea.
"Tho much-abused Republican ma
chine and Its straight-ticket policy
has .been and still Is the main politi
cal safe-guard of this community. To
It must be given credit for defeating
Wilcox and breaking tho power of
the Homo Rulo party. . It has given
the Territory an efficient nnd econom
ical Legislature. It, and It, alone,
can prevent a relapse to the color
line as the basis of political division.
Tho present tendency on the part of
the Hawallnns to get together nnd
comblno against the national party
lines' Is the natural result of tho
'vote-for-tho-best-mnn' policy as put
Into practice by Governor Carter and
tho Civic Federation.
"Under tho inlluenco of the
straight-ticket doctrine of tho Re
publican organization tho native Ha-
wallans In the campaigns of 1902
and 1904 freely and unhesitatingly
supported the haole candidates on
tho Republican ticket. They voted
stralghter than the white Republi
cans did. Two .efficient Legislatures
"Now the Hawallans are begin
ning to think that they have as much
right to split their ticket as tho
haoles have, and the surest way to
prevent the establishment of color
line politics is for Governor Froar
and othor prominent haole Republi
cans to get In and support the ma
chine in the consistent fight It Is
making for the perpetuation of the
regular national party Jlncs. To sit
by and say, 'I will not voto for a yel
low dog,' beforo any yellow dogs aro
nominated, is to Invite disaster. It
Is to be hopod that Governor Frear,
In 1909, will not be confronted by
such a Legislature as Governor Dole
had on his hands in 1901. The
straight-ticket proposition properly
'boosted' and honestly supported by
our representative and responsible
men, from tho Governor down, will
prevent such a catastrophe. My con
nection with the Republican Terri
torial Committee will terminate with
the npproachlng convention, but I
feel sure that the organization can
be depended upon to hold Its end up
In tho future as It has done In tho
MONDAY, AUG. 3,
AT 8 O'CLOCK.
WHOSE SALES ARE SALES,
LURLINE IS IN THE LEAD
(Continued from Pajre 1)
Tho course of the. race can be fol
lowed In some fashion by tho reports
which como up from various places
on the Maul coast.
The Claudlne, which came Into
port this morning, sighted the racers
about noon yesterday, when the
steamer was making Kahulul. Thero
wus n good breeze at tho time, nnd
the Hawaii nnd Gwendolyn, well in
tho offing, were sailing together, ly
ing far over. The others wero strung
out well astern.
It was remarked that both tho Ha
waii nnd the fast llttlo yawl sailed
well when heeled over In a stiff
breeze. The wind nt the time, while
not fresh, was good.
A 'phone messngo coming from
liana to Lahalnn, at 7 o'clock last
evening, reported that the Hawaii
nnd Gwendoljn were seen off Hnnn
nt 6:1G. Tho Gwendolyn was close
behind when tho two wero sighted,
but while passing liana she crawled
up and left the Hawaii astern. Tho
Import of this message was sent by
letter to W. M. Mclnerny of this city.
Tho 'reliability of any or all of
these reports Is not absolutely cer
tain, though the 'phono' message from
liana came from Wilder, and so seems
the most depcndnbla news which was
gotten from the Maui coast.
It was almost nt this samo time
that n message was gotten last even
ing, saying that the yachts were off
liana, a sloop leading, according to
the natives, and a schooner close be
hind. Might the yawl Gwendolyn
have been mistaken for n sloop? Or
might tho Lurllno nnd tho Hawaii
It was expected that tho raco
would bo over so far as the winner
was concerned by daylight this
morning, but nt shortly after 9
o'clock the boats wero off tho Hama
kua Coast, and finding thick weather
and light winds. Tho messago dat
ed 11:33 a. m. indicates that the
wind had died altogether, and tho
end of the race thus indefinitely put
DELAY DISPLEASES TURKS
CONSTANTINOPLE, Turkey, July
29. Tho demonstration of satisfac
tion over the granting of constitu
tional liberty to the people by the
Sultan has ceased, nnd Indignation Is
growing among the populaco at the
delay shown jby tho Government In
dismissing obnoxious officials.
COLLISION ON ELEVATED
NEW YOBK, N. Y., July 29. Tn
o collision betweon two trnlns on tho
elevated here today four passengers
wero severely injured.
Johitkon would run stronger, per
haps, in theLWest, Gray stronger In
the East. Gray would, perhaps, bet
ter represent the old sound money
section of tb.pnrty, though that Is
undent hlsWy,wblcli no trtto Dem
ociut will recall. Either will mnko
tho ticket solid nnd sure, good to III!
tho Vice Presidency or. tho Presi
dency to tho brim, for, whctlicr tho
ticket be llryan nnd Gray, or Bryan
and Johnson, It Is going to be elect
ed. Put that In your pipes, boys,
and chaw on It! Louisville Courlor
Jotitnal, In n statement Issued Juno 22,
1902, Mr. llryan said thut Mr. Clove
land secured ItU nomination In 1892
by a secret bargain with financiers;
that ho rpent tho largest campaign
fund tho party ever had; that ho
filled bis Cabinet with corporation
agents; that he placed railroad law
crs on the bench of tho United
States Supreme Court and thnt hav
ing debauched his party he stabbed It
to death to prevent its return to tho
path of virtue. Now that Mr. Cleve
land Is dead Mr. Bryan Is seeking to
capitalize hls memory for personal
OUR STOCK OF
is the Finest Collection of
these goods that can be seen
outside the Orient.
Our present stock composes
govods of HIGHEST QUALITY
Of Exquisite Patterns
Your inspection of the goods
li. F. Wichman & Co.
MUM A ftloTOClHArit
C ( aeetsTCRf D i.M
M. M'Inerny, Ltd., Fort and
Library Bureau Outfits
of Index Card Systems, Filing. Cabi
nets and Units, Office Fittings and
Supplies; also New Jersey School
Church Furn. Co.'i International,
Trenton, Simplex, and Improved
irenion uomoination Adjustable
Desks and Seats, latest improved de
sign.. Estimates given. Imports to order.
Thos. G. Thrum.
Agent for Hawaiian Islands.
isn't brain work : it is brain
drudgery. It is work for cogs and
levers, not for the precious gray mat
ter that can be used for thinking.
Step in our office and see
The Universal Adding
It's the verr latest, cheapest, and
BEST Adding Machine on the mar
HAWAHAN OFFICE SPECIALTY
931 FORT STREET.
J. Santos, Manager
UNION STREET near HOTEL
Midsummer Hats at
MISS POWER'S MILLINERY
BOSTON BUILDING, FORT STREET
LADIES' AND GENTLEMEN'S HATS
Of All Kinds.
J. M. LEVY & CO.
KING ST. near Bethel. Phone 78,
The Popular Beverage, Bottled by
HAWAIIAN SODA WORKS,
HOTEL STREET NEAR, FORI
Auto for Hire
MANUEL REIS. Call up at any
time by telephone any one of these
numbers i 290, 200,' 1007, J w
The Last Suit
Stein Bloch Make
fits as accurately as the model upon which that suit
rinaiwl TW i Imnnrtflnfi in vrm.
' Good friends have pointed out that when Stein-Bloch
advertise that they have been tailoring 63 years they are
not saying anything that should lead a man to buy Stein
Bloch Smart Clothes. These good friends forsret that
Stein-Bloch advertise "53 Years of KNOWING HOW."
The "Knowing How" is what makes the last suit fit as
well as the first. It is what mnkes this suit fit you, no
matter whether you live in New York, or Oregon, or Hawaii
One tailor doesn't make tho suit or overcoat. It is the t
united product of a body of tailors, each of whom holds '
his place because he is the best man at that task. When
each one has finished his special work and the results are
assembled, the suit or overcoat fits because the men who
made the parts knew what they wero doing.
This is modern, economical tailoring.
REGAL SHOE STORE,
McCANDLESS BUILDING, corner of King and Bethel.
$ .75 SHIRTS CUT TO $ .50
S1.00 SHIRTS CUT TO $ .75
$1.30 SHIRTS CUT TO $1.00
$1.75 SHIRTS CUT TO ........ v $1.25
Ju, Ahoy, Nuuanu below Hotel
Exactness in Everything;
marks the separate details in the manufacture of our soda
water. There is nothing hit or miss about it; the making
of drinks for the million is to us an exact science. It pays
to make good things and it pays to drink them.
CONSOLIDATED SODA WORKS CO., LTD
-G. S.'LEITHEAD, Manager.
ALWAYS ON HAND.
FRESH BUTTER AND CHEESE.
Sam Wo Meat Co.,
King Street Market. Tel. 288
- j, '.YOUNG TIM, Manager.
Made of Black King Kid,
on a straight-last model
Sole of Oak-Bark-Tanned
s. i iT J! x M M-.tft:f
are synonymous, Bidgood is the
man behind the meals and service.
GO DOWN SOME.-TIME''
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