The Pacific commercial advertiser. [volume], January 06, 1899, Page 6, Image 6

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 PACIF. J COMMERCIAL ADVERTISER: HONOLULU, JANUARY 6, 1S09.
IE BANK OF 1IAWA1I.
-LIMITED
Incorporated under the laws of the
Hawaiian Republic.
Capital Subscribed $400,000
Capital Paid up ?200,000
OFFICERS AND DIRECTORS.
DBAS. M. COOKE President
9. B. ATIIERTON, Vice President
D. IL COOKE, Cashier
ST. C. ATIIERTON, Secretary
PNRY WATERHOUSE, TOM MAY,
T. W. MACFARLANE, E. D.
TENNEY, J. A. McCANDLESS.
Exchange drawn on Well3, Fargo &
Coa Bank In San Francisco and New
York and their correspondents
MToughout the world.
Oriental Correspondents: The Hong-
sons and Shanghai Banking Corpora
tlon.
The Chartered Bank of India, Aus
tralia and China.
Attention given to general banking
svsraess.
Safe deposit boxes rented by monUi
WJta year.
SXJLT7S SPRLCKELS. WM. O. IRWIN.
CLADS SPREGKELS & CO.,
Bankers,
HONOLULU -
- H. I.
BAN FRANCISCO AGENTS THE NE
VADA BANK OF SAN FRANCISCO.
DRAW EXCHANGE ON
SAX FRANCI3CO The Nevada Bank of
waxi F rancisco.
fcONDON The Union Bank of London.
Cbta.)
IfiJW YORK American Exchange Na
tional Bank.
CnaiCAGO Merchants' National Bank.
3PAJRIS Comptoir National d'iscomnte
R61GRL.IN Dresdner Bank.
HONGKONG AND YOKOHAMA Honff
konc and Shanghai Banking Corpora
tion. OTDW ZEALAND AND AUSTRALIA
Bank of New Zealand.
JTCCTORIA AND VANCOUVER Bank
I British North America.
inawia Generci BGnking XExcnonoe Business
Deposits Received. Loans made on Ap
proved Security. Commercial and Trav
elers' Credits Issued. Bills of Exchange
Bought and Sold.
COLLECTIONS PROMPTLY ACCOUNT
ED FOR.
BISHOP & CO.
SAVINGS BANK
Oa. October 1st, 1898, and continuing
Drill further notice, Savings Deposits
Brill be received and interest allowed
ly this Bank at four and one-half per
nt per annum. The terms, rules and
regulations of the Hawaiian Postal Sav
t&s Bank will be adopted as far as It
la practicable to apply them, and the
Bun Reserve of $50,000 as required
Elder the Postal Act will be main
tained. Printed copies of the Rules and Reg
Blatlons may be obtained on the 1st of
October on application.
bishop & CO.
Sonolulu, September 7, 1898. 5019
ESTABLISHED IN 1858.
BISHOP & CO,
Bankers
TRANSACT A GENERAL BANKING
AND EXCHANGE BUSINESS.
fSsaomerclal and Travelers' Letters of
Credit Issued, available In all the
Principal Cities of the World.
INTEREST allowed after July 1st,
iZ39, on fixed deposits: 3 months 3 per
csst; 6 montb.3 3 per cent; 12 months
4 per cent.
THE YOKOHAMA SPECIE BANK
LIMITED.
Subscribed Capital Yen 12,000,000
3Pld Up Capital Yen 10,500,000
Swerve Fund Yen 6,960,000
HEAD OFFICE: YOKOHAMA.
BRANCHES AND AGENCIES:
SXobe, London, Lyons, New York,
San Francisco, Shanghai,
Bombay, Hong Kong.
INTEREST ALLOWED:
tn Fixed Deposit for 12 months 4 p. c.
Oa Fixed Deposit for 6 months 3 p. c.
On Fixed Deposit for 3 months 3 p. o.
INTEREST ALLOWED BY THE
HEAD OFFICE AT YOKOHAMA.
On Current Deposit 5 per cent p. a.
On Fixed Deposit for 12 months, 7 p. c.
fTtoe Bank buys and receives for col
lection Bills of Exchange, Issues
Drafts and Letters of Credit on the
above Branches and Agencies and
transacts General Banking Business.
Agency Yokohama Specie Bank:
ttw Republic Bldg., : Honolulu, H. I.
JUHEI ISHIZUKA
AGENCY OF
KEI HIN BANK, LTD
Vineyard Street.
transact General Banking and Ex
change Business.
HEAD OFFICE - - - TOKYO, JAPAN.
Draw exchange on
FIRST NATIONAL BANK,
YOKOHAMA.
Read t7ie Hawaiian Gazette
(SemuWeekly).
J. H. Schnack,
i
OlUlb u
OFFERS
For Sale Any Kind of
Island Stocks.
Buys and sells outright
city and Suburban Real Es
tate.
P. 0. BOX NO. 104.
A Champion.
We have secured the service of
JAMES O'ROUKE,
the famous horse shoer and prize
winner of San Francisco.
to Give Him a Trial.
He is to be found at
J. A. Morgan's,
KING STREET.
In T. Murray's Carriage Shop.
FOR HATCHING.
From the following PURE-BRED
Fowls of the choicest strains at mT
Punahou Poultry Yards, viz: Bull
Leghorns, Brown Leghorns, WhiU
Leghorns, Black Minorcas, Andalusi
an, Barred Plymouth Rocks, Wyam
dottes and English S. G. Dorklngi,
Pekln Ducks and Bronze Turkeys.
Prices furnished upon aDDllcation.
Favors from the other Islands will re
ceive prompt and careful attention.
A lew choice Fowls for sale.
WALTER C. WEEDON,
314 Fort St., Honolulu.
J- R. Shaw, D.V.S.
Office and Infirmary, - - 863 King St.
TELEPHONE 796.
Modern and Humane Treatment.
GOO KIM.
Dry Goods and Tailor Goods.
Commencing
THURSDAY, DECEMBER 1, 1898,
And continuing to the
END OF THE YEAR.
All good3 will be sold regardless of
cost.
. This Is a bona fide CLEARANCE
SALE.
210 Nuuanu St., above Hotel.
WHEN
IN
NEED
Of a good, clean shave by
expert artists, with sharp
tools, visit the Silent Barber
Shop. You can't do better
anvwhere in town.
THE SILENT BARBER SHOP.
JOE FERNANDEZ, Propr.
Arlington Block, Hotel 8t.
A FEW BARGAINS.
House Lot on Kalli Street, at Kallhl,
100x100.
House and lot at Kallhi, 400x100.
Price, $3,300.
House and lot on Young street, 75x
165. $5,000.
Lot at Kamollilll, about acre.
Lot on Prospect street, 75x125.
Three Lota opposite Makee Island,
next to Macdonald's.
Four Lots Kapahulu Tract. Site 50
xlOO each.
M. K. KE0H0KAL0LE
and L. K. M'GREW.
15 Kaahumanu Street.
w
LIMITED.
Esplanade, Cor. Allen and Fort Sts.
n
GonsQiidaled
Soda
VDier
tnrhn
ii Ul no
HOLLISTER & CO., - - AGENTS.
PAPER ON SUGAR
h Writer Wlo Holds Views
That Are Quite Optimistic.
DEMAND AND PRODUCTION
Fffect of Acquirement of Sugrar
Lands by United States-Figures
Hawaiian.
(A paper by Dr. H. W. Wiley, prepared
for the Louisiana Sugar Planters'
Association.)
Gentlemen: I have the letter cf
your secretary of November 15th, ask
ing me to prepare a paper on the
"Probable Effect of the Annexation of
Spanish Colonies on the Sugar Indus
try of the United States."
As a basis for any valuable opinion it
is first necessary to study the statis
tical data relating to our sugar supply.
First of all the data of the period just
preceding the rebellion in Cuba are
of prime interest, since they show the
normal condition of the sugar industry
in the most important of the Spanish
colonies in time of peace as affecting
trade relation with the United States.
The quantities of sugar imported in
to the United States during the fiscal
year ended June 30th, 1893, the year
immediately preceding the outbreak of
the Cuban rebellion, from countries
which already are or are about to be
come American colonies or dependen
cies, are as follows:
Sugar imported into the United
States, July, 1893 June, 1894.
From Pounds.
Cuba 2,127,497,454
Porto Rico 75,484,143
Philippines . 124,052,343
Hawaiian Islands 324,726,5S4
By above comparison it is seen that
since the war the Cuban imports are
only one-fifth of what they were before,
while from the Philippines we have se
cured a little less than one-fourth of
the former amount. The figures for
Porto Rico are not given separately
but it is fair to presume that, while
there was no rebellion in, that island,
the "war with Spain has greatly dimin
ished the total imports for the year.
The data for the Hawaiian Islands
show that in five years the imports
have increased by over 150,000,000
pounds. Since however Hawaiian su
gar has been admitted free of duty for
fifteen years, the annexation of that
group to the United States will have
.no further effect than to stimulate the
industry and thus increase the output.
Since it has been demonstrated that
water for irrigation can be secured
from wells sunk in the porous lava, it
is certain that the area devoted to
sugar-culture in the islands can be
greatly increased. This method of se
curing water, however, is costly and
not capable of unlimited expansion, so
that at this time we may forsee with
some degree of exactitude the probable
maximum output of sugar in the Ha
waiian group. From the most reliable
information accessible it may be said
that under the stimulus of American
enterprise the Hawaiian Islands will
produce for export to the present
States about 1,000,000,000 pounds of
sugar in 1910. Beyond this figure the
increase will be very slow and it is
more than probable that the figure
mentioned may not be reached for 15
or 20 years. Meanwhile the consump
tion of sugar will increase so that by
the time the Hawaiian Islands send to
the present States 500,000 tons of sugar,
we will be needing a great deal more
than the extra quarter million tons
coming from that source. The Hawai
ian Islands therefore may be elimin
ated from the problem in so far as
their product of sugar shall affect the
industry here.
Since it was certain that the rates
of duty on imported sugars under the
Dingley act would be increased, an
enormous stock of raw sugars was se
cured under the lower duties of the
Wilson tariff. The beginning of the
fiscal year, July 1st, 1S97, therefore
found a stock of sugar so large that
practically no imports of beet-sugar
were made after July for eight months.
In April, 1S9S, the stock of sugar im
ported under the former tariff act be
gan to be exhausted and beet-sugar
again commenced to come in from Ger
many. Considerable quantities of re
fined sugar were imported during the
winter and early spring of 1S9S. For
the quarter ended September 30, 1S9S,
nearly 200,000,000 pounds of sugar were
imported from Germany a quantity
considerably greater than for the whole
fiscal year ended June 30, 1S9S. It ap
pears that a change in the tariff has
had a more immediate and direct effect
on our sugar trade than annexation
can possibly have.
Referring again to the data directly
involved in the discussion of the sub
ject under consideration, it is seen tha
the normal export of sugar from Porto
Rico to the United States before the
war was in round numbers 75.000.000
irem Cuba 2.0u..uu.,00. and from the
Philippines 125,000,000 pounds. These
are the quantities of suar which were
produced and exported to the United
States under Spanish rule and by Span
ish methods of agriculture and manu
facture. It is now certain that all these
countries will be rid of the Spanish
yoke. It is also already decided that
two of them, viz., Porto Rico and the
Philippines, will become parts of the
United States and therefore their pro
ducts will be admitted free of any duty.
In the case of Cuba the probability is
that it will remain under an American
protectorate. All the teachings of our
past history, as exemplified, especially
in the case of Texas, indicate that
eventually Cuba will also be a territory
or state of the union. For the pres
ent, however, we must exclude this
event from any immediate influence on
the sugar industry in the States. In
other words, it is fair to presume that
for at least the next ten years Cuban
sugar will pay a duty on entering our
present borders.
It is also fair to assume that under
American institutions the agriculture
of Porto Rico and the Philippines will
be improved and the production of su-
ar increased. These countries being
parts of the United States, it is evi
dent that this increase in production
will be consumed here, so that practi
cally all the sugar exported from those
islands will find a market here.
It is not possible to give with any
degree of accuracy an estimate of how
great this increase will be. We do not
know enough about the available lands,
the vicissitudes of the climate, the con
ditions of labor, and the attitude of
he natives towards their new rulers
to make any positive statements. It
appears to me, however, that for a de
cade at least the rate of increase in
sugar production in these Islands will
be ten per cent per annum.
At this rate, in 1910, the quantity of
sugar exported to the States from Por
to Rico will be, in round numbers,
200,000,000, and from the Philippines
300,000,000 pounds, or a total of 500,
000,000 pounds.
It seems quite certain therefore that
that quantity of sugar, including the
lawaiian product, which will come in
to the States free of duty in 1808-1910,
will be at least 1,500,000,000 pounds.
Our consumption of sugar at the pres
ent time in round numbers is 4,000,000,
000 pounds. At the normal rate of in
crease of population we will consume
n 190S-1910 fully 5,500,000,000 pounds.
f we assume that the production of
. , i 1. J. 1
sugar in tne states irom ueeis aim
cane does not increase, it is seen that
practically the same quantity of duti
able sugar will be imported in 1910 as
at the present time. If the same rate
of increase be found in the home indus
try which has been accorded to Porto
tico and the Philippines, our domestic
production, excluding recent acquisi-
... - f S i""VV f f
tions, will oe nearly i,ouu,uuv,uuu
pounds in 1910. It is not likely, how
ever, that such a rate of increase will
be maintained, since capital will be
slow to enter the sugar industry in the
States until the final status of Cuba is
determined.
It is evident therefore that the quan-
titv of dutiable sugar entering our
ports during the next eleven years is
not likely to be diminished and may
be increased. Nor is it likely that any
tariff changes threatening a lower rate
of duty on imported sugar will' bo en
acted within the time specified. The
Republicans have control of the -Senate
for at least six years to come and
whatever party may be in power it will
be only too glad to have the benefit of
the duties on imported sugars to help
pay the expenses which the enlarge
ment of our territories naturally en
tails. A conservative view of the pres
ent situation, 'therefore, leads to the
opinion that for at least the next de
cade the annexation of the Spanish
colonies will not work any injury to
the present sugar industry of the Unit
ed States. It must be confessed, how
ever, that the uncertainty in regard to
the final disposition of Cuba and the
certainty that there will be a large in
crease in the imports of duty free su
gar will discourage the investment of
capital in new enterprises. This will
be especially felt in the beet-sugar in
dustry where millions of capital would
have found a safe investment had" the
Spanish war not occurred.
Perhaps there is no country on earth
where sugar can be grown so cheaply
as in Cuba. A soil of inexhaustible
fertility, a vast extent of arable land,
and a favoring climate make it impos
sible to fix limits to possible produc
tion. It is not extravagant to say that
Cuba's crop under a strong and active
government would be easily doubled in
ten years. Cuba by 1910 may have 4,
000,000.000 pounds of sugar to export to
the States. In this case, should Cuba
be annexed, practically all of the sugar
consumed would be produced within
our customs limits. In fact the pro
duction of. more than the total quan
tity rf cn?ar consumed, is not beyond
the range of possibility
In these cir
cumstances it is difficult to see how our
present industry could continue to ex
ist. It is not easily demonstrable that
sugar, of 95 degrees polarization, can
be produced here for less than three
cents a pound. It is demonstrable that
in Cuba it can be made for a much
smaller price. The beet fields of Cali
fornia and of New York and the cane
fields of Louisiana, in my opinion.
would sustain a very unequal contest
with the plantations of Cuba free and
Americanized. The capacity, however,
of even so rich a country as Cuba has
i? limits. We are speaking now of the
wants of 100,000,000 people. Sugar is
growing every day to be a more neces
sary article of food. It has long ceased
to be merely a luxurv.
We look forward to the day not very
far distant, when our people shall num
ber two or three hundred millions. It
is doubtful if the development of our
ropical possessions in respect of sugar
production will keen nace with the
ncrease of population. In this' case
the sugar cane and the sugar beet here
will be called on still to nrovide at
east a part of the sugar which we con
sume.
Fever is Raging,
PEOPLE GOING MAD in their haste
o get in their orders for iron fences
to replace the old wooden ones that
have done service for so many years.
Call and see samples of something en
tirely new, and place your orders
early if you want to be "in the swim.4'
ALL KINDS OF BUILDING IRON,
Fountains, Chairs, Settees, Vases.
Hitching Posts, Stairs, Railings, Fire
Escapes, etc., etc
MAGNIFICENT DESIGNS IN MON
UMENTS, TOMBSTONES, Statuary,
etc. Italian, Georgia and Vermont
Marble and Topaz Granite, Hawaiian
Blue Stone and Marble.
Estimates given on all kinds of
Grading, Stone Work and Terracing.
Curbing and Cement Sidewalks. Cem
etery work of all kinds. Letter cut
ting in Brass, Iron or Stone. Stencil
making a specialty.
THE HAWAIIAN IRON FENCE
AND MONUMENTAL CO.
H. E. Hendrlck, Manager.
Telephone 502. 315 Fort St.
Sterling
25c!
Silver
25c!
Thimbles
GOLD, SILVER AND PLATED WARE
in the Latest Designs
FOR
HRISTMAS AND HEW YEARS!
All Goods Guaranteed as Represented.
WATCHMAKER,
MANUFACTURING
AND OPTICIAN.
JEWELER
M. R. COUNTER.
507 Fort St.
THE CLUB STABLES
(Limited)
C BELLINA, Manager.
Fort St., near Hotel. Telephone 477.
M Boordino id Soles Siles.
PROMPT SERVICE, STYLISH TURN
OUTS. SAFE DRIVERS.
We are especially equipped to cater
to your trade. Fair dealing and good
service Is what we depend on to get it.
Dr. Rowat Is always in attendance
at the Stables.
Glut) Stables Hack Stand
Cor. Union and Hotel Sts.
(Old Bell Tower.)
CAREFUL AND WELL INFORM
ED DRIVERS.
FIRST CLASS CARRIAGES.
HACKS AT ALL HOURS.
Orders for Surreys, Wagonettes,
Single or Double Teams at a moment's
notice.
HACKS Nos. 15, 65, 70, 77, 97, 125
and 180.
C. BELLINA, Mgr.
Tel. 319. Stables Tel. 477.
HOME MADE
German Hop Beer
FOR TABLE USE.
Deliverved to any part of the
city for $ 1.00 per dozen quart?.
Leave your order at
Yee Hop Sing,
GROCERY.
King Street - - - - Near Alakea-
Or Dewey Restaurant, Fort Street.
AT THE GAZETTE OFFICE.
. i in 1 1
LIMITED
Offer for Sale:
REFLXED SUGARS.
Cube and Granulated.
PARAFLXE PAINT CO.'S
Paints, Compounds and Building
Papers.
PAINT OILS,
Lucol Raw and Boiled.
Linseed Raw and Boiled.
LNDURLNE,
Water-proof cold-water Paint. In
side and outside; in white and
colors.
FERTILIZERS,
Alex. Cross & Sons high-grade
Scotch fertilizers, adapted for su
gar cane and coffee.
N. Ohlandt & Co.'s chemical fertil
izers and finely ground Bona
Meal.
STEAM PIPE COVERING,
Reed's patent elastic sectional pipe
covering.
FILTER PRESS CL0TIIS,
Linen and Jute.
CEMENT, LIME & BRICKS.
AGENTS FOR
WESTERN SUGAR REFINING CO..
San Francisco, Cal.
ALDWIN LOCOMOTIVE WORKS,
Philadelphia, Penn., U. S. A.
EWELL UNIVERSAL MILL CO.,
(Manf. "National Cane Shredder").
New York, U. S. A.
N. OHLANDT & CO.,
San Francisco, Cal.
US DON IRON
AND LOCOMOTIVE
WORKS,
San Francisco, Cal.
A Model Plant Is not complete with
out Electric Power, thus dispensing
with small engines.
Why not generate your power from
one CENTRAL Station? One gener
ator can furnish power to your Pump,
Centrifugals, Elevators, Plows, Rail
ways and Hoists; also, furnish light
and power for a radius of from 15 to
30 miles.
Electric Power being used, saves the
labor of hauling coal in your field, also
water, and does away with high-priced
engineers, and only have one engine to
ook after in your mill.
WTiere water power Is available it
costs nothing to generate Electric
Power.
THE HAWAIIAN ELECTRIC COM
PANY is now ready to furnish Electric
Plants and Generators of all descrip
tio at short notice, and also has on
hand a large stock of Wire, Chande
iers and Electrical Goods.
All orders "will be given prompt at
tention, and estimates furnished for
Lighting and Power Plants; also, at
tention is given to House and Marine
Wiring.
THEO. HOFFMAN, Manager.
THE FAMOUS
KICKAP00
INDIAN MEDICINES
Are for sale by our
exclusive distributing
agents : : :
Hobron Drug Co.,
Fort and King Streets.
HONOLULU.
Read the Hawaiian Gazette
(Semi-Weekly).
4'