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THE PACIFIC COMMERCIAL ADVERTISER: HONOLULU, JANUARY 31, 1S99.
ma- ltl) FAUIFIO Ccmmerclai Advertiser. -VV. N. ARMSTRONG - EDITOR TUESDAY : : : JANUARY 31. STOCK GAMIiLIMi. The community seems to le rapidly .becoming one of stock-gamblers. Ob jection will be made to tbe use of the term stock-gambler. This objection is made everywhere in any stock market of the world by those who take the wildest risk3 in dealing in stocks. The terra is properly applied to those among others who will be crippled financially if their ventures in stocks do not turn out favorably. The divid ing Tine between investment and gam bling is a shadowy one, and it is, not easy to accurately define it. It is re sorted on all sides that business men, capitalists, professional men, men liv ing on fixed incomes and salaries, clerks in stores, workingmen in large numbers are dealing in sugar stocks. The retail merchants generally com plain of the difficulty in making col lections of small accounts because their customers are holding stocks. This condition of things is a natural outcome of the growth of the sugar industry. It was predicted, because throughout the commercial and finan cial world, similar conditions produce similar results. Indeed, there is much similarity be tween the speculative movements of the sugar properties here, and the speculative ventures in petroleum oil, forty years ago, at the time of its dis covery at Oil City, in the State of Pennsylvania. Large fortunes were quickly ma.de. Small fortunes were "beneath notice." There were risks, in finding oil,, in securing a large sup ply, and in the permanence of the yield. When conservative men said to the confident investors in oil proper ties throughout the country, "what as surance have you that the oil will con tinue to flow?" the reply made by scientists and practical oil men was, "what assurance can you give us that the oil will stop flowing?" No answer could be made to this query, because no one knew. But the public as usual, always a "bull" and optimistic, be Jieved in a perpetual flow. And so did many capitalists. After a few years, a balancing of accounts by esti mate only was made, and it showed that the multitude was ignorant, and enormous sums were lost in tliis gam bling. The contingencies of the busi ness were entirely ignored. The backbone of the present upward movement in su gar stocks is the nmount of present dividends. While the sugar producing industry is great ly depressed in nearly all of the sugar producing countries, it flourishes here, and. on the Mainland by reason of the protection given 'by the American tariff. Whether the policy of expan sion will neutralize that protection in the end, by admitting colonial sugars free; whether the hostility of the Am erican people to the immigration of contract labor will cause a rise in wages, are questions which no one can answer with much confidence. There are good reasons for believing that our sugar properties will continue to he valuable. But the gambling ele ment appears in trying to determine how valuable they are and will be. The factors in determining the future values are not understood. In any event is the community bene fitted by a condition of things in which one "gets something for nothing?" When a man by giving a simple order to buy stocks, and subsequently gives an order to sell them, and makes a considerable profit out of this simple act, he naturally asks himself: "Why should I work from morning until night in order to earn a few dollars, when a simple turn in stocks, made TxriHirmt- anv labor, will srive me a IT - V " - ' year's living?" He usually answers the question by making a speculative purchase. The men who make suc cesses in stock operations, and at the same time can keep on an even keel are rare. No preaching will change these un desirable conditions. So long as wealth is practically the generally accepted measure of a man's standing, the young and the old will reach for it, and gam- Lie for it. It must be said, however, that the sugar investments on these Islands Haw of risk in them than the railway investments of the United States, during the last twenty-five years. The losses to conservative in vestors of New England in the secur Sties alone of the Atchison, Topeka and Santa Fe railway, are larger than the entire. .capital of all of the plan tations on the Islands. perintend the use of the important steam power equally well. Here is an other instance of the value of an ob ject lesson. When Cervera's fleet mov ed out of the harbor of Santiago, the line officers, with the exception of those on the Oregon, kept steam down, be cause they did not understand the im portance of keeping it up. The Span ish vessels nearly escaped. The Ore gon to a large extent, saved the day. Congress knows the history of the bat tle, and will now remove a standing dispute between the line and the staff. It was stated in the debate that the i European navies were disposed to adopt the new plan. LABOR FEDERATION AND EXPANSION. The State Workingmen's Federation of Labor of the State of New York met in Albany on the 13th of this month. The subject of expansion was discuss ed. A resolution opposing expansion was adopted by a large majority. The general opposition of the workingmen to the annexation of territory which will necessarily make citizens of some millions of "heathen" will affect the action of Congress. The workingmen will not oppose a policy for the gov ernment of the conquered territories that does not make them citizens. But they do not Intend to permit the heathen to compete with them. Even if the annexation of the con quered lands is desirable, from the standpoint of a large and liberal po licy, the workingmen will follow their own interests. They evidently regard the policy of expansion with suspicion. Whether they are ready to make l an issue in politics is no doubt one of the matters that is closely watched in Washington. The annual convention ot the American Federation of Labor met in St. Louis on the 13th of Decem ber. Gompers, the President, took the same anti-expansion views. THE PASSING HOUR. trie3 equip themselves because they must and the United States of Amer ica because they want to have the best thai's going. There is one feature of Hawaii upon which the tourists unite in unqualified praise. This is the scenery, iney go so far as to declare that it is unequal led anywhere. It certainly has the greatest variety and is in many re spects startlingly unique and original. In many of the old and almost all of the new countries the first requisi tion by an enterprise requiring Al labor is for Chinese. Now some day capital will get into China and utilize the best labor in the world on its native heath. In this thought there is room for wide speculation. China, so far as internal development is concerned, is a virgin proposition. Some Cnhnnb1 People. - About one dozen of the members of the hoodooed steamer City of Colum bia left for the Sound yesterday by the Garonne. It is reported that they se cured passage by pledging their pros pects in the coming City of Columbia sale. The Garonne also had aboard two of the actresses who came down with the Columbia in the "U and I" comedy company. crofwia D rink x UmIj Tourists have asked if there were any bunco men in Honolulu. Not yet, to speak of. The. question of direct election of United States senators bids fair to soon get beyond the Debating Club Forums. It is hoped that the prints of HUo will not take exception to the free ad vertisement of Hawaii coffee in a Ho nolulu newspaper. It. is a noble fierht for the Nicaragua canal that John T. Morgan is making. The veteran publicist seems to become more and more powerful and effective. it would not be an ungraceful or un deserved thing for the Commissioners of Education some day when the Min ister is absent from a meeting to name a nice new big building the Cooper school. Thero were naoers of two dates by the U. S. Tugboat Iroquois. These had fullest advices on a wide range or sub jects, but never a word of the situation n the PhiliDDines. It cannot be pos- sibe that Aguinaldo has quit talking. Senator Bacon of Georgia made a speech that is described as beautiful and forceful in spots. It was an anti- expansion effort Up to date this wing is carrying off the oratorical nonors. Mr. Hoar's address is said to have been the greatest heard in the Senate in many years. It mierht be that there is a chance to make money in Guam. It is surprising that there has yet been no news of the organization of a syndicate to exploit the resources of the new possession. Hawaii is in the field in a way and is first. The Mission Board here is to have a pair of representatives on the ground soon. As described in the journals the French sub-marine fighting boat seems to have the chief characteristic or tne ostrich in flight. But the Naval Bu reau of France must keep on the job till it is finished. The European coira- IjXE AND STAFF. The bill before the House of Repre sentatives, to put the line and the staff engineer) officers of the navy "aipon an equal footing will undoubted ly pass. It has been debated fully, and the conduct of the sea-fight near San tiago has convinced the House that specialists are not wanted in the man agement of war ship3, but "all 'round" men who can do the fighting and su- WATFR mm Jul jl jjiIb ooo If 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. EXCERCISE 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. DUE Ask your family physician about the water, and if he is honest he will en dorse its use. All who haye 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, VIGILANCE. 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. SOLE AGENTS. Swollen elands, Scrofula Sores, Hip Disease, Boils, Pimples, Erup tions TelS tho Story Dreadful Consequences of Impure Blood. Certainly scrofula, if anything, may be called the advertisement of foul blood. It is the scourge of the world offensive, painful, debilitating, stubborn. Outward applications do not cure. Emollients may palliate, they cannot abolish the evil. There is one sure way out, and that is to eliminate the taint from the blood. For this purpose Hood's Sarsaparilla is abso lutely without an equal. "I have taken Hood's Sarsaparilla for scrofulous humor and impure blood and am now almost entirely cured of the erup tions with which I have been afflicted for the past year. My face, chest and back were badly broken out." Fred B. Ohd way, Woodstock, Vt. Hood Sarsa- parilla Is the best in fact the One True Blootl Purifier. Hood's Pills are the l?.st after-diimel pills, aid digestion. '25c 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 vour 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 and examine our .... NEW TELESCOPE HONOLULU. OAHU. HILO. HAWAII. BRUCE WARING & CO. Dealers in Lands. Investment Brokers Fire Insurance Agents, CHOICE BUSINESS and IUsidence 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 tP LOTS AND HOUSES at "Buena Vista," Nuuanu Valley. BUSINESS PROPERTIES Centrally located. Lots on Islcilci street. HOME LOTS IN KEWALO TRACT. Houses built for purchasers on installment plan. STORES AND OFFICES (single or in suite) In "Progress Block." RESIDENCE LOTS at Puueo, Villa Franca, and Read's Island, Hllo. We invite Inspection of properties. LOANS NEGOTIATED. Insurance Written on Residence and Mercantile Risks. We Invite inspection of properties. BRUCE WARING & CO Offices: 7 and 8, Progress Block. Occident and Orient ! Coffee Pot l his 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. hi liis a Limited. 307 FORT ST BOTH ENDS MEET AT HOLLIS TER & CO.'S TOBACCO STOKE. Havana and Manila Cigars Just Received ex. Stmrs. Belgic and Australia. Corner Fort and Merchant Streets MosqmtoMpe Will Drive Mosquitoes Away. Cures the Bites! Brings Comfort! INS enson, Smith & Co 27 -LIMITED- Fort and Hotel Streets i 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, Oc 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 Iare assortment of TRIMMED HATS at pro portionate low prices. A Large Assortment of Flowers, Feathers And Laces At Bargain Prices Great bargains in Table We still have a stock of $1.00 each. The best value ever offered. Linens, Napkins, Sheetings, Pillow-Casing and Rugs. Gents' Clothing, Collars, Cuffs, Neckties, which will be sold away below cost. Unlaundried Shirts, Linen Fronts SU! (HO oods