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SHE PACIFIC COMMERCIAL ADVERTISER: HONOLULU, JANUARY JO, 1S99.
fen THE PACIFIC Commercial Advertiser, W. N. ARMSTRONG EDITOR FRIDAY JANUARY" 20. power of Congress to "coin money" only. The shell was too small for the STOCK GAMBLING. Men, who have made millions in stock speculating, and have finally lost Kliem, anl then resort to bucket shops 3n ilime speculations, invariably agree in "holding that thjeir failures were largely due to an over-confident belief an, their own smartness. When a man is remarkably success ful In "hitting it right" on the stock exchange, his head begins to swell, however prudent and conservative he (has been, and he gives himself credit for sagacity and brains, when hi3 suc cess should be credited to good luck, and opportunities which he did not himself create. For this reason ninety per cent, of those who have been very successful stock operators, finally fail, and end their lives in poverty. The reasoning which satisfies this -class of men is this: "I used my brains and made up my mind to purchase stock. I did purchase, and I have made a lot of money. Now if I macte money through my own judgment and sagacity at one time, why should I mot make it at another time?" The fallacy of the argument lies in exclud ing from consideration the forces at -work coincidently in favor of the suc cessful man, of which he knows little or nothing. The things that make and unmake values are many, and exact knowledge of them is rarely obtain able. The unexpected is ever iappen- There i3 a limited class of men, who upon reaching a fair amount of success in speculations, do not deceive them selves, and rigidly accept the doctrine that stock speculation is mainly gam bling, and they refuse to take new risks. These are men of nerve, and dare to recognize their own ignorance. One of the common sights in a great financial centre, like New York, or Chicago is that of men who have made sums on the exchanges, where wheat, cotton and stocks are dealt in. They have a prosperous look, live in fine nouses, ride in carriages, and talk with all the confidence of successful men. A year or two Jater these same men, and tthey number thousands, will be living in cheap boarding houses, and be borrowing small sums for margins on limited purchases. No doubt confidence in one's self is a strong factor in business or specu lative ventures. But it is a two-edged sword if there is any truth in experi ences. The self-made man of large fortune is often a product manufactur ed by the hand of Chance. He is wise if (he knows this. letter of the Constitution limited the student of this educated community have published books or contemplate coming out in a literary way between covers. It's a desryerate venture. Tho. national crab. The Supreme Court, ate Harold Frederic had the mind and confronted with this vital question, j the training for making a book. He was found out. ihp p.im for the oneninsr 1 called a success! ill author. Jt or his k int.mrot popular books there It said substantially that the nation : had the right to save itself from ruin. So ii interpreted the Constitution in such a way as to make paper money as good as gold coin. It boidly met the necessities of the case. The strict constitutionists on the Bench did not agree with this opinion, but the majority did. The Constitution was simply enlarged by the Supreme Court. The nation was saved from sore distress, if not from widespread bankruptcy. Congress could not reach this result. The Supeme Court could. It has, of course, a dangerous power, but in all of its political decisions dur ing the hundred years of its existence, it has thoughtfully, wisely, and con siderately sought lor, and expressed, the best wisdom of the people. It has no Jingo sentiments, and the Jingoes and professional patriots are not very fond of the Court. But the back bone of the people, that is the national com mon sense, is behind this great Court. A CONSTITUTIONAL SHKLL. There is analogy between crabs and tbeir shells and nations and their constitutions. The shell of the crab is bard and inflexible. But the crab grows, and when its flesh is so large that the shell cannot hold it. the fine and imperceptible seams around the under edges of the shell begin to open, and they continue to open until the crab draws his pulpy body, and soft claws out of the shell, and hides for Beveral days until a new, larger and Siard shell has formed about the soft body and claws. This curious process of mature is repeated so long as the crab grows. Tne British .government, owing to many can aes, has an elastic constitution like the skin of an animal that en 3arges with .its growth. As the nation grows the constitution readily grows with it. The American constitution, owing also to many and good reasons is. on the other hand, like the shell of a crab, 'hard and apparently inflex ible. But it ha3 some fine seams in it, like the seams in the body of the crab that open under great pressure, and allow the nation to enlarge itself. The Founders did not intend to allow any seams to exist, excepting only one ntfbich they called "Constitutional Am endments," that turn out to be useful fin some ways, but impracticable in other ways. They did, 'however, almost uncon sciously provide a seam, by giving the Supreme Court the power to interpret the constitution and the laws. This power is vast and indefinite. It can open the constitution as the crab opens its sbell, and so permit tfie lawful growth of the nation along the lines of Expansion. For instance. The Constitution per mits Congress to "coin money," but grants no authority to issue paper money. The Founders knew too well the evils of paper money. The gigantic Civil "War could not be carried on upon a specie basis, in the opinion of Congress. Paper money was therefore issue, and by law made the equivalent of coin. After the close of the war, there were $1,500,000,000 of this paper money outstanding, and the Supreme Court was required to de termine whether Or not the issue of this paper money was constitutional. If it was not constitutional, and the imoney was worthless, national bank ruptcy would have followed at once. That result 'was plain enough. The Just as the British nation has en larged its unwritten constitution, the American nation, aided by the Su preme Court, will enlarge the Federal constitution. What is simply written law must give way to the final and settled thought of the average citi zen. Strict constitutionists, conservatives and Anti-Imperialists are of the high est value in preventing a premature opening of the seams in the constitu tional shell, or in making experimental openings. They feel that it is a solemn thing to declare that "the nation has outgrown its constitution." They have the right to feel some apprehension. But they may be justly criticised for failing to take in that broader and wiser view that makes the inevitable growth of the people the first consideration. was a combined sale of less than 18.000 copies. Frederic in his later years had an affluent salary as commissioner at London for one of the American dailies. He left no estate. A San Francisco weekly states under its first page headline that it is "De voted to the leading interests of Cali fornia and the Pacific Coast." A few inches below this confession of faith is the mild suggestion that the members cf the Board of education there should be lynched. If half that is said about these members is true, they- should be in prison, where there are bars all around, but no liquor. However, it does not seem to occur to the critics that it would be ta good plan to at least attempt to put the law on the Board of Education gentlemen. Try the great dandruff killer and prickly heat cure. For sale at Hollister Drug Co., and Benson, Smith & Co. MESSENGER SERVICE. Honolulu Messenger Service deliver messages and packages. Tel. 378. Ink PUKE THE PASSING JIOUR. It is too bad that McKinley's south ern popularity cannot be stored away for use at the next election. Frank L. Unger has broken into the society column of a San Francisco pa per with an attack of "symptoms of the grippe." Maj. Potter is not likely .to get "stuck" on his buy of Foreign Office Postage Stamps. 'Twas a good invest ment he made. As one beneficial result of the war there has not been so much beard of Sharkey, the successful pugilist, being the pride of the navy. The tin with Spain elevated the forecastle standard in the combative ideal. It has been figured that the occupa tion of the Philippines will cost $G0, 000,000 a year until the natives are giv en political working cards for them selves. The sum mentioned is just about the size of the United States pen sion roll. A late frost overtook .the only T. Daniel Frawley's San Francisco stock company at Kansas City. T. Daniel, by the way, has not kept a promise he made from the stage here one night. His pledge, in his own words, was that he intended to "make these annual visits to Hawaii every year." The friends of Roberts, the Utah Congressman-elect, who is a polygam ist to the extent of three wives, con tend that the man is legally united and morally bound to them. Up to date the people of the United States have not asked Roberts to rearrange his do mestic affairs. The popular voice, pitched to the key of a demand for decency, merely insists, just now, that such a man as Roberts should be kept out of the National Legislature. A good many of the scholars and mil ooo IV the advice given in those three words is heeded, good health will fol low. City water is not good for many reasons, principally, because it is con taminated with vegetable and putrid matter of all descriptions. A simple analysis shows this to be a fact. 1EXCERC1SE Our doctors are busy treating pa tients who are suffering from com plaints, more especially malarial dis orders, which will be materially bene fitted if they drink a water that is pure and possesses curative features, as does Bartlett Spring Water. Hood's Favorite Cathartic Pills DUE Ask your family physician about the water, and if he is honest he will en dorse its use. All who have drank the water speak in the highest of terms for it. This climate demands the use of such a water and you cannot afford to be without it. YIGILANCE. We will serve free of charge a glass of this wonderful natural Spring water at our Soda Counter to all who care to come and test its virtues. We deliver the water to your home In case lots at ?6.50 for 50 pints, $9.50 for 50 quarts. It is easy to purge, but that is not what i3 wanted. A mild but sure and undis turbing cathartic will Bet Nature to go ing, and relieve the head, the stomach, the liver and all the organs of the body CURE from the many and dangerous evils of a clogged corporeal drainage. Hood's Pills CURE Liver Ills, sick head ache, biliousness, constipation, without purging, without pain, without violence. Liver Ills Hood's Pills are the only pills to take with Hood's Sarsaparilla. Sold by all druggists. 25c. Sent by mail on receipt of price, by C i-ood & Co., Lowell, Mas, TIMELY TOPICS January 20th, 1899. Among the many things the peopie of Honolulu can boast of. is the excellent Kona coffee. No doubt there are some who will contradict this, but we would like to ex plain a thing or two to you, then perhaps you will cor roborate our statement. Probably the last lot of cof fee you purchased did not taste just like the former batch, and you of course came to the conclusion your Grocer must have given you an in ferior coffee. Well perhaps he did, or did not, but you should use a little consideration and direct your thoughts to the Coffee Pot. It has no doubt served you a long time and has become thin and worn out, giving the coffee a pecu liar burnt taste. If such is the case, it is high time for you to be looking around for a new one. Before buying we invite you to call anj examine our .... NEW TELESCOPE Coffee Pot This is something probably you have not heard of before. We have them in four differ ent sizes and one suitable for a family of two or ten. This article was given a fair trial by one of the mem bers of our firm, a part of whose duties it is to investi gate each of the advertse ments of an article and search for undiscovered virtues. In this way we are sure our statements will not be ques tioned. Very few houses do this. We do, but we would rather you call and see for yourself. HONOLULU, OAHU. HILO. HAWAII. BRUCE WARING & CO. Dealers in Lands. Investment Brokers. Fire Insurance Agents CHOICE BUSINESS and Residence Properties for Sale. ELEGANT LOTS on Punchbowl Slope with fine marine view. A BEAUTIFUL MODERN RESIDENCE on Green street. Terrac grounds. Splendid view. Choice neighborhood. A CHOICE RESIDENCE AT PUNAHOU. Large grounds convenient to Tram Cars. LOTS AND HOUSES at "Buena Vista," Nuuanu Valley. BUSINESS PROPERTIES Centrally located. Xots on Makiki street. HOME LOTS IN KEWALO TRACT. Houses built for purchasers on ttf installment plan. STORES AND OFFICES (single or in suite) in "Progress Block." RESIDENCE LOTS at Puueo, Villa Franca, and Reed's Island, Hilo. "We Invite inspection of properties. LOANS NEGOTIATED. Insurance Written on Residence and Mercantile Risks. We Invite inspection of proprtle8. BRUCE WARING & CO Offices: 7 and 8, Progress Block. Occident and Orient! BOTH ENDS MEET AT HOLLISTER & CO.'S TOBACCO STORE. If 7 &Mh Lit il l SOLE AGENTS. II: Hi! Hii!'i; fl Limited. 307 FORT ST. WW avana and Manila Cigar Just Received exi Stmrs. Belgic and Australia. Comer Fort and Merchant Streets. For a Christmas Gift Select Maile Colo gne. (WITHOUT A RIVAL.) FINE PERFUMES, TOILET SETS, TOILET WATERS From American, French and English Makers. B enson, Smith & Co. LIMITED- Fort and Hotel Streets. BED w e Have j OS L .Received - The balance of the bankrupt stock bought in London and we must have room. We will sell it at prices that will make it worth while buying and will quote a few prices to show what bargains we are offering: Printed Mulls, 30 yds for $1.00. Printed Nainsooks, 5c per yd. Fine Percales, (New patterns,) 15 yds $1.00. Large Size Towels, 75c per doz. Full Size Bedspreads, 75c each. In the Millinery Department we are offering tremend ous bargains. HANDSOMELY TRIMMED HATS, $1.00 each. Also, a large assortment of TRIMMED HATS at pro portionate low prices. A Large Assortment of Flowers, Feathers And Laces At Bargain Prices Great bargains in Table Linens, Napkins, Sheetings, Pillow -Casing and Rugs. We still have a stock of Gents' Clothing, Collars, Cuffs, Neckties, which will be sold away below cost. $1.00 each. The best value ever offered. Unlaundried Shirts, Linen Fronts, S2oS5 sr Fort. 2x WfflBFOrtX Goods.