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6 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'