The Pacific commercial advertiser. [volume], September 09, 1898, Page 4, Image 4

About The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921

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

                
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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
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Manila
C
isrars
St
Hold Out
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55
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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.
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