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j' ' ' . ' ." " " V J t ? f 1 v THE PACIFIC COMMERCIAL ADVERTISER: UONOLULU, SEI'TEMIJER 9. I SOS. THK PACIFIC Commercial Advertiser. W. N. ARMSTRONG EDITOR. Kill DAY .si:iTi:.Min:it rj. STOCK (JAMHLIM;. Tlu- AUveriisfr is uni-r:s'rwlly in favor of a stock market, ;in'l Knrral dealings in slocks. Such dealings equalize values and make them firm. They make more re liable bases of credit, and foster the best commercial enterprises. Without quick facilities for exchanging stocks, or converting tlu-m into cash, a trad ing community is crippled. IS very community is. unfortunately, subject to cri:-es or booms, ending in variably in disaster to many. The Advertiser desires, if possible, to re duce the number of "shorn lambs" and "lame ducks" that appear after a cris-is. The periods of reaction are distress ing, and demoralizing to legitimate business. The reaction from the spec ulative fever in real -estate- on the Mainland which commenced in ix:i, continued for live years. During this period legitimate business became so depressed that the increase in bank ruptcies was frightful. A happy medium in values is the ideal commercial condition, but at present it is not attainable. It is a legitimate reward for shrewd ness, forethought and study that even unusual profits be paid. But the mere gambling in stocks is as unwholesome nil dealing in lottery tickets. This has been said a. thousand times. The dividing line between "legitimate" operations in stocks, and mere gamb ling in stocks is not easily discover ed. And because it is not readily dis covered the public that insists on put ting the che-fa players in jail, tolerates and even approves of the wildest stcck gambling. , The very indefinite idea of what "values" are tends to promote specula tion. Tho laws which govern values are little known, and are obscure. Value? are often temporary, and are simply what the community makes them. Here temperament, and the in fluence of the "crowd" are manifest. These values depend upon beliefs, and beliefs shift ami change. Of course if all had the same knowledge of facts, there would be a general uniformity In beliefs, and therefore in prices. Many speculators in stocks safely ignore real values. They speculate on the changing public mind. They read its tendencies, and know how it is in fluenced. The fact that the buying public believes that a stock has a cer tain, value is just as reliable a fact, for speculative purposes, as the fact that it has actual value. It is the same intuitive knowledge that some poker players have of the conduct of men in that game. The Advertiser deprecates the put ting of the stock market here on the same footing as race betting, or lot tery business. But while all dealing cannot be made strictly legitimate, every effort should be made to ex clude the purely gambling element. committed by rulers since the date of the Christian era are so damning as these, or clearly expose tbe high offender to the terrific scorn of man kind. The authors of this indictment, so ably presented by the Star, keenly felt that the usual liberality of a dry goods housi towards it traveling drummers afforded no precedent for a like liberality on the part of the Re public in the expense account of the President. To- have lengthened a sleeve at the public expense was- a gross violation of the public confid ence, and to burden the overtaxed re venues of the Republic with the ex pense of ironing a hat was a symptom of the deepest depravity in the opin ion of men who believe that rat holes are sufficiently commodious for gov ernment offices. These sensitive and patriotic persons have the undoubted right to insist that President Dole should have stolen a ride, from San Francisco to Washington, on the trucks of a freight car. If discovered and put off, Mr. Dole could have followed the example of (Jeneral Coey, and enter ed Washington on foot and camped in Iafayette Square instead of enter ing the Arlington hotel. They have the right to criticise Mr. Dole for not appearing before President McKinley with a coat the sleeves of which stop ped at the elbows. They would have so appeared if detailed in his place. They have the right to complain because Mr. Dole entered the White House with a hat "ironed at the public ex- pens.?," instead of a battered plug, washed ashore from some stranded vessel on the Koolau coast. They would have, as his substitutes, readily exhibited rimless hats as evidence cf their financial integrity in public ex pense. It is understood that if the popular verdict is not against Mr. Dole on the outstanding indictment, or if President McKinley does not change his grossly defiant attitude of keeping Mr. Dole at the front, a final indictment will be entered by the Organ, charging with all the frenzy of personal hate, that Mr. Dole on two occasions ordered tea to be sent to his private rooms in the Arlington, at an enormous extra ex pense. This charge will finally put Mr. Dole in the Bulletin's political grave, which is now yawning clay and mgnt tor the bodies of Republican apostates. The Sun will kindly inform its read ers that our political methods are quickly- getting ilown "on all fours" with the most approved methods in the Mainland. ing delegate seems to have delayed delivery of Mr. Carnegie's working card. Carnegie will be prominent with his utterances, if nothing else, irom now on, for he is one of the warmest Anglo-Saxons that ever left Anglo-Saxony. OX ICE, PER AUSTRALIA. California Fruit Co., Geo. Andrews, fornia Fruit Co., George Andrews. Peaches, Oranges, Lemons, Nectarines, Bartlett Pears, Plums, Muscat and Tokay Grapes, Apples, Eastern and California Oysters, Crabs, Flounders, Salmon, Celery, Cauliflower, Onions, New Potatoes, New Crop Nuts, Rais ins, etc. Place your orders earlv. Tel 4S4. THE SPICE OF TIMELY TOPICS September i, 1898. Honolulu, Oahu. Hilo. If avail. The BRUCE WARING GO. Perfect Plows LFE THE PASSING HOUR. COKRKOITNCf THK X. Y. SIX- The N. Y. Sun publishes, in its cor respondence from Honolulu, several statements regarding the incidents of President Dole's visit to Washington, that are not correct, and deceive its many thousands of readers. It is not true that any considerable number of persons 'here believe that Mr. Dole has misused public moneys on his trip to Washington. It is unfortunately true, tbat several persons possessed of a local organ call ed The Star resolved to end Mr. Dole's political career, and diligently sought through the records of his acts for five years to bring such indictments against him for high crimes and mis demeanors, that he would refuse through terror alone, to accept office. in the future. The result of many weeks of patient investigation, and the most searching inquiry was an indictment against Mr. Dole more severe in its charges, and more eloquent in its sweeping denun ciations, than the superb historical in dictment drawn by Burke against War ren Hastings. The adroit conspira tors against Mr. Dole's political suc cess, with a perfect knowledge of the art of arousing public indignation, art fully drew the indictment with two distinct counts, in one of which Mr. Dole was charged with "lengthening the sleeves of a coat at the public ex pense," while on his way to Washing ton, as the Sun's correspondent relates and in the other count he is also charged with feloniously "having his silk hat ironed at the public expense," before he entered the august presence, of President McKinley. The Sun and its readers will natur ally be surprised at the masterly se lection of these especially hideous "-high crimes" by fervent patriots and their organ. Certainly no offenses; Everything will be in better work ing order now that the community's local steamer service has been restor ed. It is likely that very early in the current day of the international chess game Aguinaldo will be informed that it is his move. Many of the officers in the Manila service are very well known in Hono lulu and the tidings of promotions will locally touch responsive hearts. A restaurant here named for Admiral Dewey will have to keep an Al grade of sinkers to decently justify its use of the fame of the hero of Manila Bay. A sharp thing now proposed by the trade manipulators is the organization of a needle trust. There is some point to this transaction, but the point will not be appreciated by the people. Now the attorneys are going at it right. The bar here, with its strong membership of men identified with the Islands, should be able to furnish the commission some valuable direction or suggestion. For about sixteen years the name of General Alger has come into every presidential nomination canvass, but he has always finished with the "and others." His political enemies and rivals seem to have settled it this time that he shall save even his registra tion fee. People here have for some time been almost as eager for a nice dancing party as for a theatrical entertain ment. The ladies of the Red Cross Society ufe certain to give a ball that will please, and besides the money to be made is needed for the work of the organization. It was about time for Carnegie to get into the game somehow. The walk- May come from many a source. We all enjoy a good laugh and when one considers how easy it is to assume duties which tend, to create ill health it is not remarkable to find so many who are suffering. MALI uiose attention to ones duties, no matter the nature, sooner or later the labors will soon become a task in this climate. You feel tired, can't eat and relish your meal; imagine you are un fortunate and long for a change. RUTMHE Just think a moment and consider whether the cause of your 111 feelings are not due to lack of tone to your stomach, thereby overtaxing your nerve force, which eventually wrecks the whole organism. NEVER Try a few bottles of a true and tried remedy which has no equal as a sys tem toner and health producer. Your physician endorses It. It will build you up and make you feel well again. TIRES Your druggist carries it in stock. If not ask him to get It It has no super ior. Single bottle, 35 cents. Three bottles for $1.00. SOLE AGENTS. 1 11' I 210 KING STREET, HONOLULU. In all agricultural countries it is on a good plow that the tiller of the soil relies for a good crop. "We carry all kinds of plows from the large Sulky Plows to the s mil 11 est Rice Plows But it is on our Plantation Breaking and Double Mold Board Plows that we chiefly pride ourselves. These are in use on nearly every plantation on the Islands. Only within the last three weeks we have sold a number of the large plows to take the place of plows from other firms which had been returned as unsatisfactory. The great advantage of the Perfect plow is that it requires less animals to draw it, and cuts an excellent fur row without digging down. II! nil Hie ! Limited. 307 FORT ST. TI VOLI ! Late Saratoga, Waikiki. Mr. Karl Klemme begs to notify the Public of Honolulu and surrounding Islands that he has undertaken the management of this wrell known Seaside Resort. Every arrangement has been made for the convenience of Bathers and those wishing to enjoy a Vacation : at : the : Seaside. ROOMS BY THHE DAY, WEEK OR MONTH. He trusts that he may receive the patronage he will endeavor to deserve. Free bathing for school children every Tuesday. For particulars inquire at Tivoli Baths or Telephone SS9. CARL KLEMME. Commission : Brokers. Stocks and Bonds bought sold under the rule in the board rooms of THE and and fid U il Sloe ElCilK TANSAN. The finest of sparkling mineral wat ers, rsew consignment per s. u optic. Send orders earlj- to GEO. R. CARTER. Telephone 1S4. Flag Raising Souvenirs. SUBJECTS: Official landing of troops. Presenting Newland's Resolution to Ex-President Dole by Ex-Minister Sewall. Lowering of one Flag and the Rais ing of the Other. Last shot of the 21 saluting th? Flag. All incidents connected with the ceremonies. wm Fort Street. Dealers in Lands. Investment Brokers Fire Insurance Agents, CHOICE BUSINESS and Itesidenco Properties for Sal ELEGANT LOTS on Punchbowl Slope with line marine view A BEAUTIFUL MODERN RESIDENCE on Green street. Terrace,! grounds. Splendid view. Choice neighborhood. A CHOICE RESIDENCE AT PUN AH 01'. Lar-e grounds convenient tr Tram Cars. LOTS AND HOUSES at "Bucna Vista." Nuuanu Vallev. BUSINESS PROPERTIES Centrally located. Its on Makiki street. HOME LOTS IN KEWALO TRACT. Houses built for purchasers on tho installment plan. STORES AND OFFICE, (single or in suite) in "Progress Block." RESIDENCE LOTS at Puueo, Villa Franca, ami Reeds Island. Hiio. LOANS NEGOTIATED. Insurance Written and Mercantile Risks. on Residence We invite inspection of properties. BRUCE WARING & CO Offices: 7 and 8, Progress Blocks lb i 1 0 b 0 & Q j 0 u Manila C isrars St Hold Out T i-1 o uum 55 9.t vjt HOLLSTER CO'S. TOBACCONISTS. COR. FORT & MERCHANT STS. Cures while you Sleep Whooping Cosgb, Astiiraa, Group, Gatanti, Go!& Cr80lne wkn riporimcd imthmmick room wii give mscdkic rUci. It curative power are wooderM, ml SAat tbae pfrftMmj tb mfmA 9f eoat&cio ttrnr by acting a a powerful dtaiotocutat, kuah t yongtM. chlUL Sold hy druggist. Valuable )xkVt fre. HQLLI3TEC3 DRUG CO., Howolusoj, m. i. Ac. L nirtfiffrj-itrv"""" osquiiLOiieeo Will positively keep Mosquitoes off. HARMLESS. AGREEABLE. EFFICIENT. RELIEVES THE SMARTING, Prepared Only by ENSON, OMI LIMITED TH N A I If Will One be continued Week Longer, And the buying public will do well to take advatage of the unparalleled prices th c willrevail. During the coming week RIBBONS, LACES, EMBROIDERIES and DRESS GOODS will be sold at Panic' Prices. Fine French Challies, all wool, 25 cents a yard. Fine French Organdies, new patterns, 5 cents a yard. Printed Nainsooks, 5 cents a yard. Valenciennes Laces, 25 cents a dozen yards. And all ot er goods at proportionate prices. - H IB.- LssO dw dna Li w va u Via ii . T M --a ' r 1 Ml i -r t I s t , '' v ' f A if V f -J . :- n i in p i f