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THE PACIFIC COMMERCIAL ADVERTISER: HONOLULU. MARCH, & , V, A- 'I- .1 Pi, ( Commercial Advertiser. W. ARMSTRONG EDITOH "WEDNESDAY MARCH S THE AMOUNT -.OF CASH. The -cmciint of coin, or notes con vertab'e into coin in a country or a community, is an important . factor in commercial affairs; especially during tho.se periods, ami they come with alarming frequency, wfaen there is a Keneral Tvant of confidence in values, ad there is a general scramble for coin, or notes convertible into coin. Hank exchanges to the iextent of a hundred millions of dollars in a day, and the payments in trade amounting to the same sums, are made when con fidence exists through cnedits and 'Cheques, without the? need of more than a small amount of money. It as during the periods of a general want of confidence that credit and cjiequea are abandoned, and the fright ened owners of securities call for cash only. In several financial panics, there ftave been short periods during which money could not be borrowed on the securities of the bonds of the United State,, -because the holders of money either needed it, or could use it to better advantage in the purchase of depressed securities. In the great financial 'centres' of the United States and Europe, the finan cial : conditions and securities of one country are so well understood now in other countries and the means of transferring money (by telegraph or vessel are so extensive that a pressing demand for money in one country is instantly met by a supply from other countries. .'. " Isolated as we are in these Islands one of the dangers is, that in a panicky market, the amount of money avail able for banking purposes may be a matter of the highest importance, and therefore, as a matter of precaution, it should be .known. It should also be kept well in mind that Ty far the largest part of the agri cultural and Industrial interests on the Mainland are not owned by corpora tions, and are not represented by shares of stock .which are bought and sold. On the other hand, the chief in dustry of these Islands is mainly rep resented by shares of stock in corpor ations, and, as is usual under such conditions, will be the basis of loans, and loans are vitally affected by the amount of money in circulation or at command. On the 'Mainland, in a. fin ancial panic, the value of farms and industrial plants are not generally af fected. But stocks and bonds, which " are Involved in risks, are quickly af fected owing to the large amount of money loaned on .them. The contrac tion of these loans, under a mistrust of the value of the securities, precipi tates a rapid decline in prices. As the dealings in the sugar stocks increase,' and they take there a specu lative' form, as they would do in any enterprising j community, a (knowledge of our, cash resources or rather .our hanking capital should not be neg lected. ' . .Minister Danion, speaking as a ibank cr, gives an opinion that the. amount of cash in tne Islands is not far from $5,000,000. We do not know what the data before him is. He should know it, if it is or can be known. But' some calculations we ihave made lead us to a different conclusion. On the 1st of January there was not in all'of the banks of this city over $820,000 in casfo. Add to this the amount" in the government vault- as recently returned, $S29,C01.95, and- the total -is about $1,049,000. Reliable in formation places the amount of cash ".held. by the merchants at small fig urea, insignificant in this calculation. The plantations and country stores carry little cash. But add $200,000 as the sum carried in safes, and used in trade, to the above amount, and the total is only $1,S49,000 as the visible amount of cash. If this visible amount 5s deducted from Minister Damon's es tiraates of nearly $5,000,000, there is, in round numbers, $3,000,000 yet to be accounted for. Where is it? If it is hoarded, it will remain hoarded. What then, are the reasons for believing that the cash in the Islands is more than double the amount of the visible cash? How mucih of it has gone to Asia? Shall we do our finances on an un- Jcnown factor? Owing to our situation and condi tions, our financiering ihas been, "here tofore, of the "rural" order. It was amply sufficient for our needs. But we are now at a period of trans formation. We are adopting the com plicated financial methods of the great commercial world. But, unlike the permanently prosperous cou tries, we are "banking" and financiering mainly on legislative assets which all experi ence shows cannot be regarded as the very best foundation for permanent prosperity. The production of wheat, for instance, is independent of legisla tive influence. But the sugar markets of the United States will be more or less affected by legislation which deter mines whether Cuban and Philippine tuigars shall or shall not be free. Therefore, for the purpose of educat ing ourselves so as to appreciate the changing conditions, these economic questions should be studied. In the matter of cash resource?, there may be enough money in the Islands for even extraordinary nv'ds, and there may not be enough. Before we can draw conclusions, the facts should be ascertained". We have pre sented data which appears to be re liable, lut it only shows a remarkable discrepancy between the visible cash and the estimates of the amount of the invisible cash made by a 'nigh au thority. AMUSEMENTS. Rev. .Mr. Kincaid's plea in favor of amusements is excellent, and it is prac tical too. The national idea of the Anglo-Saxon race, for several centur ies, has been that there was a serious and irrepressible conflict between amusements and religion. How was it possible for men and women to laugh, when according to the creeds. there were, beyond any questions, dead relatives and friends : of "every family sufjQring eternal torment? Could any one smile if his brother or friend wis iii an adjoining room in the act of being broken on the wheel, or being skinned alive? Even a very moeru.;e realization of this doctrine of etern il punishment could only make intelli gent 'and sympathetic human beings utterly miserable in their w.iking hours. No Christian faith, however ex alted, .could make a mother-smile when she realized that her wayward" and dead son was plunging into the burn ing lake. Revised and modified views now en able good people to forget these ter rors. There is no vivid suggestion of a white heat in Sheol. But the theory of amusement is still crude, because the knowledge of psy chology is still crude. Education in the art of amusement is yet in the A. B. C. It is becausa men and women arc so ignorant of the many ways of amus ing themselves, that the theatre or what are called public amusements in crease in importance. Because they cannot amuse each other men seek places where others will amuse them. The sombreness In isolated homes, and especiallyjn the country places, where tnere is little wealth, is largely due to the fact that amusement is either an incidental or trivial matter, or is a hindrance to industrious ways. In deed, it was, we believe, Ue Quincy who said that we were not sufficiently civilized to enjoy ourselves. For, he said, if one looked closely at a well- to-do merchant and his ways of 11 v- ng, and then at a Devonshire ox, here seemed to be about the same re sources in each, so far as amusement was Concerned, and both ox and mer chant agreed that there was more fun" in a good dinner than in any other device of man. If, as Goethe said, "amusements are golden clouds. which, though but for a little, divert men from their miseries," then the Universities should teach, us how to generate golden cloudy. These moder? ate reflections of the Advertiser are not intended to encourage .ae trustees- of the Central Union' Church to ' in troduce within it any "hyenic hil arity," but are intended to, encourage the pastor'of it in his excellent efforts tox develope " well rounded moral na- tures. . THE PASSING 1IOUK. It is likely, as not that Col.. Geo. W. Macfarlane's storm has taken the .great circle route. ' The thought of going to Guam has NEW Of New, Stylish, They Comprise a General Dry r lr3ocar- C"o ben added to the lUt of emisjratlcr fevers running hTe. Even the wicked stcck traders ad mire the winning manner.-? o: the Zev. Mr. Yatman. Hi orations are rep; with good "tips." Mr. U. F. Dillingham Is j diins t:p a fine record a3 an individual who s-3ii simply ambitious to have effort and application bring forth commen surate result. It is trusted that the police will con tinue without a tdgn of relation the hunt for the perpetrator of the foul crime by which Jcx. the Malay, lou his life. That assassination had to re pugnant degree a highbinder appear ance. It is the opinion of s-onie f th ra n who have looked into the subject that in these piping times of pujce and the United States protectorate, about one battalion (four companies) of volunteer.-?, would make a neat military arm for the local government. Drink ooo If the advice given in those three word3 13 heeded, good health will fol low. City water i3 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 pur and possesses curative features, as doc Bartlett Spring Water. DUE Ask your family physician about thf 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 climato 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 ccme and test Its virtues. We deliver the water to your home In cas Io't3 at 6.50 for 30 pints. $9.50 for 50 quarts. SOLE AGENTS. PURE WATER. M GOOD 20 Up-to-Date Goods, bought direct from the leading Manufacturers of Europe and will be sold at PRICES THAT WILL ASTONISH YOU! Stock of Goods, Dress Goods, Laces, Embroideries and Artistic Millinery, Hood's Pills Favorite Cathartic It i ty to rr?r, tut tbt i cot Ut Li wanted. A tn'.IJ but urr and until turbtnj; cathartic will Kt Naturr to c inc. and rtlkvc the brad, the Homifh. the liver and all the orjan ct the body CUMJB from the many and dancrrou rxil ct a clocked corporeal dralnace. Hood'a VUU CUfin Liter Illa.aUk brad ache, biliounr, cnt!ptt!on, without rursluff, without pain, without tiolcncr. Liver Ills lloodV PJIN are the only j III to take with Hood'a Sanart:U. S! 1 ly all drucsM. 25c. Srnt tym:ivn rrc-!f J cf price, by C '"mhI A Co., Lowe II.Mas TIMELY TOPICS February 21st. 1899. Kicry Ua:ucr. aj vrtll ai aai;irs ci scl. brings u tomethlns ucfa! and of ten orr.amcata!. After rpa:M trial w.; have at !a.: found th article wanted; It la now orTtrvd for a!e to the public of ilonolulr a: a:;;e pr;cc a sold In the State. Wo aro anxloti ti ;.a. c very ho' tho NEW PROCESS BLUE FLAME OIL STOVE. A sort of dread may prruil amosj housewives that pcrhap the.? :ort might explode, but we can honcjtly say that they are perfectly afe in crcry home. To cndor?? our statement Jast have a talk with any insurance agent; he will tell you at once that he would rather Insure a home where thoe stoves arc used than Imu a policy oa a hon: where different s'.ovc are ujcX You wonder why the IJIue Klamc stove should be bc'.tcr than any o:hcr. We'll tell you. In this ctiuatry the mat ter of fuel Is a very Iars? I:eni of ex pense. A you hav turned over a new leaf since the New Year aa4 In tend economizing where you never tbotiKht of before, you may begin oa your coal and wood. It Is a positive fact hat the "IJLUi: ri-AMK" ujcj only about oac-half the quantity of fuel any other stove doe. Another rat advantage Is that there Is no smoke or smell. Theie stoves are p!accd oa rollers and are so light they can be cailly moved about. We have' them In two sites, one with two burners with oven attached and the other wltb three turners witn oven. (The price of these stoves Is JIG. $22.50 and 123.00). We can't tell you all about them; the best thing to do is to come and look at them. Wo aro selling the Celebrate! FISHER STEEL ItANGE for woI and coal at $I5.0. Limited 307 FORT ST. Just Received Ex Aostralna CASES Bo Pacific Heights" Notice AppIIcalior. will l? rc;vcl at th o:V.ce of B:uc? Warlr- A: C. for t;- j urvhA.'c Lo: on PACIFIC HEIGHTS, ;tua!rxl n the tx apiir.t UIlSd ltwccn Ntiuanti anl Tauoa VKrr artl o mrrandin a auj-rib cixris a tM cen:c vitw ftr-tchtn front Diamond HraJftnrr Panchlowl u lbt Waianae Hang? of Mountain. A iToail, trinHr2 HouIcrarJ sivin accrp t the rwjrtj I now in court of conMructtm and Choicr Lo!i of urticifnt art a for a:apal ficcnt homr-trad. will om Lt? available. b On the Nuumu ii!c cf th Hill i a pali protexting it from the high vein! nJ heavy !;orr5 of the Nuuanu Vallrr, c retiring a ahibriou9 climate. The clrvatioii .f the irojrtr ;4 from I TO to 7w0 ff-t alte th Application will U numbcrrl and tlltvl anJ choice will I ttctl acco-lir. to th n:ulr of the appltraiion. all t niy i r a lt IW hy BRUCE WARING &" CO Offices: 7 and 8. Proj:rc55 Block. v ' i a Ik' a' u a' a a' a a' a a' .a a a' ;a a Hollnster Co. WHOLESALE AND RETAIL DEALERS IR American, Havana and AlaDila Cigars TOBACCO. OfJUFF. AfJD Fine Grades SM0KIXC T0UACC0 a specialty. o Cor. Fort and Llerchant Sts. - - - Honolulu- MosqinitoMim Will Driye Mosquitoes Away. Cures the cvaa-v Benson, Smith & Co. LIMITED Fort and Hotel Streets. 20 -'XJ fcrt. Tew r r. Tl;e Pipo Jraw( n?!cni f:cm lh& liri of th plji!rwjil;tr, anil hut up lbf mouth of the foolitb; it pcccralf a tjl of ranvcrMtion, contctnplativr. tbt'j;nifti2, 1-er.volent and tinafJoclnl. TJ.nrlrmy. Smokers Articles. Bites! Brings "Comrnlfort I ATT t '