Evening bulletin. [volume], December 24, 1910, 3:30 EDITION, Page 6, Image 6

About Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912

Image provided by: University of Hawaii at Manoa; Honolulu, HI

                
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ItVMNINO IIUM.IJTIN, HONOLULU, T. II., mitliAY, DKC. H. Il"
t
1-
I
I
IN BUSINESS CIRCLES
llimlifwoi uf tiu Holiday, outside
iliu retfill'stnres, l moro often than
not h donning up of odd cmli niul it
prcptirTiflon for ilia liiture.
f ' '
Ilitiiil" men of llondlulii' hvo (lone
11 lliflvlnir ImnlitftM this vnnr In the
Christmas trade, utiil tho prospect for
them wna never iicttcr
tnvostor who placed their money
In tho securities of lliiu'ull nrrlvo ut
tho hollitay senson with tho market
ipiotutloiiH of their stocks consider
ithly reilueeil ntid tlio dividend pros
pects of the coining year not us good
ut Inst, hut they liuvo something of
vnluo tn Bhow for their money which
In more, limn cun lie mild for many
who put their money In outside prop
ositions. Outside litfettment.
It hns often liecii remarked in thctso
(oliiiuns mid on tho streets that soino
people will throw their money Into
protHisltlons brought Into tho local
market on a glowing prosiiccttis, und
1 when they get word uint tho enter
prise has failed and the money tone,
i ay nothing lint tho Rumo men when
putting their money Into local enter
prises, cry out with u loud volco If
the price goes down or tho dividend
Is reduced. Thero seems to ho a lack
of loyally for local entei prises, or
olso it is that when loseci are made
ithroad, tho perbims lilltcn keep qitlot
for tlio same reason that victims ol
bunco men seldom mako u noiso
nhout their losses.
Irrigation lloiul Fii II n res.
Onmof the proposltloiiR that tool:
motieyi out of this market. Is tho Iist
lllvcr. Irrigation scheme. It Is re
ported that tho honds of this Irriga
tion ruiterprlso are worth practically
nothing and iih u lusult homo very
heavy losses hao been locally re
corded. Tlio sixmo umount of money
Invested In any of tho local stocks at
tho cry highest market price would
liuvo been u thousand per cent safer.
Yet they say that thero was nn nil
vnneo of sugar stocks during tho year
to dangerous speculative IlKures.
Romo of our local invoa.ors now
know that thero Is no certiilnty In nn
Irrigation bond merely beeauso tho
tltlo "bond" Is attached to It.
In jHirl by tint withdrawal of Inrgd
Kllliltt ftf tililllfif fflr (nllrVirlitii lmet.
tnent, and one bank was put In the
position of being unable to discount
its own pnper. Tho banks stood to
gether and prevented any serious
situeoto ntid nil the public know wits,
that money was tight for several
weeks, when It ought to bo very free.
Whether this unexpected thortngo
caused tlio banks to bo more con
servative In their loans or whether It
was tho sense nnd furoslght of tho
bankers, the fact remains that tho
check held oil speculation Is now
proving to hae been a blessing in
disguise.
Hcftttnl of banks nt that time to
loan ory largo amounts on the pop
ular stocks Is what now saxes inoro
than ono man from having his loan
called. The small margin that was
allowed him at that time Is now n
safe margin, and for this reason tho
n'cent portal! of stumping has not
been accompanied by tho panicky
feeling that Is usually found when
thero is such n tremendous shrinkage
as has taken plnco In many If not nit
the sugar stocks on tho market
Speculators Were Ssiieil.
apeuklng of speculation, one of tho
. brokers of tho business district re
marked this week that ho thought
tho conservative attitude of the bank
ers last spring had saved tho city of
Honolulu from n panic this fall. It
will bo re'melnbercd that la3t spring
thero developed In tho locnl financial
market n most unusual nnd extreme
shortage of money. Money was
"tight" when sugar was at Its high
est nnd tho roturns from tho crops
wero coming In. This condition was
credited to the ultra and foolish con
servatism of tho bankers. It after
wards turned out that It was caused
T1iom Witter 1IIIN.
What aro known as tho McCrosson
water bills have been very much In
tho limelight this week. Tho Cham
ber of Commerce took them up nt ono
of Its regular meetings nnd petitioned
Congress that the bills bo not passed
at this session or any other. Thero
wnd no division of opinion regarding
tho petition to not pass tho hills. Tho
only discussion wna whether tlio
Chamber should pass n resolution
nsklng Congress to refrain from pass
ing nny local bills until they hnd
been acted upon by the Legislature
Attorney Wilder In a letter to I,.
A. Thurston, which letter Thurston
published In his paper, says that tho
chnrgo of tho Wahlawa bill being a
steal Is not well founded, nnd tho
probability of tho contemplated ac
tion wns not unknown to Cnstlo &
Cooke. Ho says In effect that Mc
Crosson goes after rights that no ono
else possesses nnd never has pos
sessed. Manager Tcnnoy responds to
this with n statement that owing to
some errors In tho Territorial sur
veys tho Wahlawa water llcenso was
secured from tho Territory tho Mc
Crosson bill would glvo to McCrosson
tho water sources of tho famous Wa
hlawa water.
Whoever Is right in tlio mnttor, tho
people are llally opposed to the spir
it of the McCrosson bills. Mr. Mc
Crosson will no doubt In tho long
run sot n license to develop water
under favorublo conditions, for tho
so-called Knu ditch scheme, but tbo
people of Hawaii will never approvo
nny such bill as went to Washington
with tho O. K. of tho Governor and
under which, If passed, thero would
linvo been throughout tho Torrltorj n
wholesalo loot of lnnd ntid water by
IrrtRHthiti rotpornllons Hint would
splIliK Up mrr night nnd ntmirli c
crylhlng In sight worth hating This
would bn grabbed for the hcnrlll nt
the Inrgd lnnd holder, and the home
steader would never liuvo u gliont t
it show,
.Mr. KrrfY'n liwr.
Cuulmlisluiier of Immigration Kcelo
lias rom'pliMtd his .our of (he Islands
niul r) turns lo tho mainland on tho
Mongolia.
Mr. Ketfe leaves tho Inlands with
threo lending points (Irmly estab
lished In his mind,
' llo enn reo no Amcrlcnnlrlng value
in cither the Filipino or (ha I'orto
lllenn. He doesn't want tho Filipino
In Hawaii.
llo believes that tho Kuropenti nnd
tho American would be more disponed
to go to nnd remain on the sugar
pinr.tutlnns If the planters would pr.y
n better wngc. He doesn't say what
this wngc should be but h thinks
that conditions could bo Improved.
And this would help materially In tho
Americanizing process.
llo is ngnlnst the plnnlntlon store.
niul believes that loo much money Is
I be'ng made out of the life necessities
of thi laborer, though ho docs not put
It In exactly thoso words
Incidentally whllo getting no rood
, reports on the l'lllplnns ho norma
very much pleased to learn thnt good
reports wero received from nil tho
a..... ...itwa nn I l.n llllluliina
111 III 111 vtn nil lii' iiurDiiiiim
Just what will bo tho effect of Mr.
ivccfou trip is hard to say, but it Is
ctituln that ho has mndo nn Inlprih
rlon among tho keen business men of
the islands as u Keen man hluifcK
nnd n man who is sincere In his on-
I elusions.
1 Prohibition.
Associated l'recs dispatches fni'il
Washington statu that tho bill to
forto Prohibition to Hawaii lint
been rgaln beforo Congress. A cnblo
giatii from Secretary HcClo'lnn states
I (hat tho Prohibition bills are sleep
ing Tho peoplo gel ernlly are thor
oughly disgusted with tlio alleged re
formers who, defeated 111 tho plcbl.
sclte, aro now attacking tho vital
principle of self-government in Ha
waii, It Is not believed that they
can succeed.
Pearl Harbor.
Pearl Harbor has figured In tho
dispatches of tho week. On Tuesday
tho navy department let to Mbergcr
Pump Company the contrnct for fur
nishing the pumps for tho great diy
dock that Is now under way ut tho
now navy yurd. Friday broug'.it tho
report that Secretary of tho Navy
von Meyer Is asking Congress fur tbo
money to maintain n ono hundred
thousand ton coal pile nt Pearl Har
bor for tho uso of the navy.
Dole Sajs "No."
J. I). Dole returned this week nnd
reports no truth In tho rumor that
tho Armour packing interests wero
attempting or had gained control of
tho Hnwallan Plnenpple Company.
Henry Do Fries gets tho contrnct
for tho Richards street wharf, his bid
being $37,500. Tho next highest was
Lord & Young, J3S.000. The approach
to tlio Hackfcld wharf goes to Lucas
& Wlilteh6uso nt $4750.
Primo Beer
is the ideal
drink; its
purity, its tonic and food properties make
it the most healthful beverage.
Now a.t Christmas Time when the tired
shopper, the over worked merchant and
clerk return home, a glass of cold Primo
will banish fatigue and nervousness and
induce restfull sleep.
And during the Holiday festivities
Primo is a necessity in the house. The
callers who chop in to wish the Compliments
of the Season, the guests at dinner, all yVl
appreciate and be better for a glass of
r z.it',t
im f auti'yyraawn
v-I&'ttfe-
The .Beer That's jjrewed
io ouii uie uimwe
I CM) Unpen lnr.
Tim (luiltmmishlp of tho Honda
, ('(iniiiiltlro of the illy llostd of Hup
rrvlmrs hits c rented toiishlcrnhle
' comment this week, owing In the ag
gressive candidacy of Kben low At
ii preliminary caucus this chairman
ship wait given o Hnporvlnir Dwlghl
on tho statement Hint tho business
men did tint want Mr low Hlnro
that lime Mr. l-ow has been about
town mid got tho endorsement of
nearly every lending business houso
of the rlty. It now leiunlns (o bu
seen what Dwlght will do In the fata
of this endorsement All that the
business peoplo want Is good streets
and the largest amount of results on
tho least amount of money
Collnirrs Needed.
Dcmntids for small houses for rent
hnvo become so general that the mat
ter has been taken up by Secretary
Wood of tho Promotion Committee.
He taken the satno view that has been
so frequently pot forward by the
II u 1 1 o 1 1 n that some ono with tho
means should build houses that will
rent nt n reasonablo Ilgure This
must bo dono If the city Is to euro for
nnd hold tho people who aro headed
this way this winter This Influx Is
no temporary affair as nearly every
steamer brings to town peoplo who
nro cither to locate hero for woik
with tho FoUoral government, or wish
to muko this their home for tho win
ter, and they don't want to go to n
hotel. Mr. Tront bus an apartment
hoiifce scheme that looks good. Hut
from a general ennvuss of tho situa
tion by tho llii I let In man, tho
small cottago slmplj furnished and
routing nnvw'hero from twenty to
thirty dollar nj month Is what tho
public demands'. '
JUST TURN THE FAUCET
end enjoyart INEXHAUSTIBLE'
supply or
O
1
m
,! 1t
u
Mv
v.V.'
r
w
Jt.Vi !
mxE
If
.4".
a-
;
&
Heal estate lilUHt come tn Its own
In the very' licar future Tho need
for moro houses' ciinnot go on much
longer without 'real estate returning
to Its former position as a most do
slrublo Investment. With the cvpor
lenco of former years, tho men nl
means should know that tho small
hnuro nnd lot Is the proutnhlo Invest
ment, nnd It Is In nn ever Increasing
demand.
Secretary Stanton reports tho
membership of tho One Hundred
Thousand dull steadily Increasing.
Papers In tlio condemnation pro
ceedings to se'euro tho property for
tho Federal building on Fort street
woro filed' In th'd United Suites Court
on Friday. Somo threo months must
elupso beforo tlio lh.ittcr will como
to trial.
Hnwall's custom house broko all
records of rccYlpts this 'car. It col
lected rovcnitS to'tho tojtl amount
or $l',r,7.-,,3l9.ir, and is thirteenth on
tho list of thn nation's largest cus
toms collection centers. It ' nr-1
below Cloveland, Ohio, nnd ' t.
Paul, Buffalo und Chumpln..
The Ruud Automatic Gas
Water-Heater is different
essentially better than all other water-heaters. The
difference is a pronounced betterment in hot water service.
Imagine for a minute an ideal hot water service
wouldn't it begin and end at the faucet ? The
RUUD
Automatic Gas
Water-Heater
has done just this, it has reduced tho hot water problem to a
turn of the faucet it's as easy to get steaming hot water now
as cold water you don't go near the Ruud itself
you don t have to strike even a match.
The Ruud differs from ordinary water-heaters'
in efficiency it is independent of tho kitchen,
range a luxury in summer time stands in 'your
basement self -operating and safe.
Finally, there's a difference in the hot water
never "lukewarm," but always heated to a
fixed temperature predetermined by yourself
and the water is fresh, taken clear and cold from
the water mains and heated instantly as it flows.
. The initial cost of the Ruud is the final cost
so moderate that you cannot afford to buy a cheaper
water-heater ov to put up longer with the vexa
tions of the old one. Study this mechanical
masterpiece at close range. Investigate NOW.
Additional property to tho valuo rf
$18,000 was bought by tho Mld-Pa-clllc
Institute this week. A portion
of tho land Is to bo used for tho situ
of tho flullck preparatory nchAol und
tho remainder fur agricultural purposes.
I rTsriii sf J ' HI! Ui
BrillS
Honolulu Gas Co.,
Alakea and Beretania Sts
.S(nck.
Sugar stocks hnvo been about ns
usual for tho week.
Onolne.i directors hnvo announced
a cut In dividend from Ilfty cents n
Bhnre to thirty cents lor tho new year.
This probably means that tho direct
ors nntlclpata thoy will bo abla to
carry tho thlrty-cont dividend through
tho now year of low pr ici.
Oahu has been tho popular stock,
nnd most cveryono Is watching it ns
most cveryono hits heard the rumor
that a hul with $7S,000 cash has been
organized to buy Oahu when It
reaches bottom. Four hundred shares
bought by tho hut at 25 makes tho
public think that tho men who ought
to know think the market has reached
bed rock,
Tho majority of tho students of the
market expect tho prlco of raws to
go ns low as 3.S5 during February
nnd average 3.C0 or 3.C0 for tho year.
It Is most significant thnt refiners of
tho cnBt will not buy sugars for Feb
ruary nnd March delivery nt tho
prices offered. Th'ey expect tho price
to go lower than 3.4C, nt which a
small nmount of trading has Icon
dono.
ZABLAN CASE
BEFORE COURT
Indictment Sufficiency Is to
Go Before the Supreme
Court.
Tho validity of tho Indictment
that was found by tho Territorial
grand Jury against llenjamlu Kah
lnu Is tn go beforo tho Supremo
Court, tho iiimclen-y of the truo
lil'l being rc3orved for tho consider
ation of tho. Supremo Court thh
morning after Arthur Wilder pro
rented a lengthy argument In tho
Circuit Court against tho Indictment
ns It stood.
Wlldcr's contention, In brief, h
thnt If '.nli I nn was guilty of tho em
bc7zlcirwnt or nny funds while n
ilork of thn pollco court under tho
Andrado regime, that monoy was cm
bozzlcd' from Andrado and not from
the municipality, tho law not recog
nizing a clerk ns tho custodian o.
ll.o money, but, on tho contrary. '
charging tho district maglstrnto with !
Its garo keeping. This fact Wilder
contended vas culll lent to nlicolvo
Zahlan nnd ho quoted from several
rlrong catc to provo his claim.
Jndgo Cooper Tinted that ho was
Imprcrecd vllh tho point raised by
Wilde.-, but nildcd thnt ho was In
clined to glvo tho benof.t of tho
drubt to tlio government. Wilder
then nBkcil fsr tlmo to prccont nn
Interlocutory bill of exceptions, but
en City und County Attorney Cnth
cart's ruggcEtlon, and In order to
savo time, tbo status of tho Indict
ment will gn beforo tho Supremo
Court In tho form of a reserved
rjurctlon. Tho Indictment ngalnst
Clnrl:, being similar to tho truo bill
ngnlnst Znblnn, will bo In nhoyanco
until nfter tho Supremo Court has
had nn opportunity or deciding tho
nur-itlori raised by Wildert In tho
Zablnn caro.
When Planning for the Christmas
Dinner be sure to include some of
Heinz
J
Varieties
India Relish
Best Olives
Tomato Ketchup
Pickles
Malt Vinegar
I Mince Meat
. -I
" V , r
Cider Vinegar
Horse Radish
Pine Preserves M8 PM'-
Apple Butter
Your Grocer Has Tlieni All
i-f" ' 1 S"; .n,,fcjj. , ,