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THE PACIFIC COMMERCIAL ADVEKTISEU: "onoU'LIT. MAKC'II. -0. 0'J.
Commercial Advertiser. r f. N ARMSTRONG EDIT OH MONDAY : : : MARCH 20. WM. 0. SMITH. tainlns the same popnlitlcn. Ii elusion or the verdict thr.t thv dri'.I amounts to $4. ix a pita Mr. V. O. Smith's resignation of of fice was accep:ed cn Saturday, and Mr. Henry E. Cooper has exchanged the office of Minister of Foreign Affairs for that of Attorney General. Those who were in Mr. Smith's con fidence have known for several years he ihaa most earnestly desired to retir Irom. o-ice, and devote himself to his iwivate affavrs. His family urged him to tlo so, a3 he -was a man without "office hours," or in other words he was quite a3 willing and ready to serve the gov ernment at midnight, as he was dur ing the customary official hours. As Attorney General, supervising the criminal business of the Courts in. all the Islands, his time could have been fully occupied. As the head of the Po lice; force, his time could have been advantageously occupied. As President off the Hoard of Health. nis time also could have' been exclusively and intel ligently devoted to the sanitary con ditions of the Islands. As a member of the Cabinet and Executive Council ho could have devoted all of hi3 time to the many and perplexing questions ibofoTO it, for many of these, questions involved matters which belonged to the Finance, Interior and Foreign depart meats. : But he did his duty well in all .of Ihiose various offices. He was always txronrot. full of resources, willing to laco obstacles, and always fearless. Some infirmities in manner ofien creat od. the impression that be was unjust am-d arbitrary. But even thes'e infirmi lies, slight as they were, are usually conspicuous in men of marked execu live ability. In matters relating to his offices, his most intimate friends found him absolutely devoid of any' sentiment of friendship, and had- no more influ onco over him than a stranger seeking for favors. There ds no occasion for making any comparisons between his character and Ithat of hia colleagues. All that need bo Bald is that, hy reason of the many offices he filled, he had a larger bur den placed upon him than upon any of them, and at times upon all of them together, and his colleagues will bear testimony to the efficient way he car ried that burden. The word "shirk" I Ml -. -Br nnt written, in his lexicon. a las. or tno uay : 1'utting a new It -was largely due to him that the shelf in a Cabinet. Smnrovemcnts on the Island of Ha wail were bejrun. His duties compelled Tllwe have bwa tiras in ami about him o visit that Island, and he was Manila lately much hotter than the Hhe first, we believe, who recognized $23X0 per capita on the Mainland. In reckoning the per capita amount, the Chinese, Japanese, Ponuguese an. I na tives are included as a part of tho population, although the majority of them are net large holders of coin. The proposition accepted by writers on the subject, is that the larger the amount of coin in circulation, the lower is the rate of interest, provided the security is adequate. If the secur ity is not adequate the rate of interest will be hign, in spite of the abundance of money. Whenever there is a large surplus of money in the commercial centres, the rate of interest declines at once. The wealth of the world stead ily reduces the rate, and is now giving rise to discussion in Europe as to what the rate will be in fifty years from the present time. United States bonds paying only two per cent, interest sold on the N. Y. exchange on February 25th within a fraction of the par value. These views regarding the rate of interest are not ours, but those of Prof. Cairnes, Leon Say, Prof. Wilson and of the writers on political econo my. Assuming, therefore, that the esti mate made by our local bankers is true, the rate of interest here should be as low, and really lower than it i3 on the Mainland, because there is about double the amount of money per capi ta here in comparison with the money in circulation there. The returns of trade published yes terday show that the lowest rate of interest obtained upon mortgage secur ity was seven per cent. Why then is the rate so high? What causes are are at work to maintain that rate if mcney is so abundant? If it is said that the recent develop ments in the sugar industry make money scarce, the reply may be made that with the low rate per capita on the Mainland, transactions are con stantly, taking place which involve, singly, an amount equal to one-half of the valuation of all property on these Islands, and yet the rate of interest remains low. This condition of our Finances should be explained. Our views are not posi tive, but tentative and merely sug gestive. It is quite possible that there are local conditions here which should be considered and these may justify this curious financial condition. Hiio U to b; cungratulati-d on hav ing secured the attention cf the ll(r. lulu men who propo.- w ojt-n ip th Oiua district. The Manila :iu: migration IWci .vas doing a littli business horv a f.-.v wecks ago, has now gene th way cf the Klondike fever and each individual unites with thrt singer in saying "Ho nolulu is good enough for m 'The worliily hope men set :heir hMri. upon "Turns ashes or it prosivrs: and ano:i "Lik? snow upon th dsr-rt" dutv face. Lighting a little hour or f.v;-;. gone." HOME. To parties with limited Cleans desir ous of having a home. I wish to cail attention to the fact that for a small payment down I will build houses, up on the Pawaa Tract or elsewhere, upon the Installment plan. WILL K. FISH Gil. Uc-al Estate Agent and Auctioneer, Fort and Merchant street. D rink PURE Hood's 66 Faorite Cathartic Pills It i. ty to furs, tut thl l not whit I wanted. A mild but urt and undi turbing cathartic vclll nt Nature to co in$, and relievo tho head, the Mon.ch. the liver and all tho organ t! the tody CVRM from the many and dancircu evil of a tloed corporral drain??. Hood' Pill CTi:n Liver Xlb.tdrk head ache. blliounr, cont!rtlon. without purlin-, without pain, without violence. Iiver Ills Hood': Pill are the only pill to Ule with Hood Sra par Ilia. Sold by all druggM. U5o. Si nt by mail on rmdpt of rrice, by C I.ood A Co., lentil. Ma TIMELY TOPICS March roth, 1899. WATER. -OOO- TH E PASSLNG HOUR. the justice of the demands of the people of that Island for more consideration from the government. But he, never claimed, so far as we know, any spe cial gratitude Xor what he did. He tried to remove that serious defect of our government that political absurdity, tho administration of small local af- weather, The official picture of the New York Dog show Champion Pointer make the animal . look like a veteran of San Juan. The . Emperor of Germany has de creed that official documents may be typewritten, inis is progress sure . , , , TT ..... 1 enough, but on some occasions the . . ; . . , , 1,1 machine will bo too weak for William OI tno last measures 'no 'prupuivu ui w iOCUtive ouacu, uu it au-,Fl. . ThQ & Qnd Qf the wiBuiB iKuuuus and tonnis games of the young ladies Road .Commissioners of Hilo, a body lf tho twQ here are ftne fx?a. ox most wi. xuai. u tures too often missing in the athletic appropriated-.; ror. roaa impro.emtvut. in which the partIcipate. in that place, wno snoum m- uw uir, move competent to uisiuduw tue muu It is hoDed. that intemperance raav than men residing here, and with much not encourasea nOW tlxa.t the police less knowledge than those commission- aminist ration permits a celebrant to iers of the nels of 'the place. wiml ,up his sprce :WLh a free in UMr. Smith is one 01 me u a fme vagon anil witu a spauking team tthe Bishop estate. Its property is rap- doesn't spank. idly increasing in value. The ouJook is that it will have great power tor The best point in the paper of Dr cood or evil in tho Islands. The usual McCracken of the New York univer oxperienee. during the past hundred sity on the subject of drill for school years, is. that suoli charitable estates I .boys is his argument forcing the con- miff er grievously from "dry rot. Men of wealth seeing the feeble uses of such estates hesitate to aid them or establish others of the same kind. The cry in these later days is for their ad ministration by live men. As one of the t rustees of this estate, Mr. Smith has before him a boundless field of usefulness if he can prevent the 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 description. A simple anal3sis shows this to be a fact. EXCERCISE Our doctors are busy treating pa tents who are suffering 'rom com plaints, more especially malarial dis orders, which will be materially bene fitted if they drink a water that la pure and possesses curative features, as does Bartlett Spring Water. Our advcrtleiarntji fir the p.u month have leen directed, generally, to tho hotiewlfj. but we h.ive thlsz in our &:ore that will l? of Intercut t. the wife ha well as the hu.tb.md. N doubt you heard alnmt t!i runaway a few week . ago. A man v.a, rldlni down Fort street, his l;orv suddenly got frightened at ome object, became unmanageable and started to run away. The man tried every effort to check the horse, but without avail. A man hap pened to be coming up tho Mtret on his bicycle and before he could gel out of the way. the hor?e, vehicle and all were upon him. The blcyclln wa !orIoUidy hurt and was confined to his bed for home time. Now ho d you hlnk I . to blame for that accident? Wo dame thr driver, a he hou!d have had one of Whitman's Pacific Heights" Notice Apj !kut: r; U? rc.-civttl at the o;f.cr ! Bru Vtir? Cx f)r t!. p;ri hao of I: on PACIFIC HEIGHTS, Mtuitcl rn the u apiitictnt !;U!f3dc ltwren Ntiunnu ami Pjuoji Valle v ami c nirranlir. a arx-i! rsarine ami rnic view tr-tchins from D:.-.rr.onl Hraxl.ovfr Tunchloitl to thr Watanaw Itatigv of Mountain?. A lroail, wimlins iMiuIcranl ptvin 3w t i the roertr U cow in couxtc of construction ami Cnoicc It of nutT.cint ana fr raapul tlrent horne?teaiI. will toon c available. On the Nuuanu riJe of the Hill i a rrotcctin it ross the hish uir.iN ami heavy ?hon rr. if tho Nuuanu Yallrr, cr.::rin ft ralubricius climate. The elevation f the irojKrty U fn:n 10 in 750 feet alote th ?ca level. Application will lv numWrcl an J f;!cl avA choicr n;Il be allotted aiwilinj; t tho nu:nlr rf the application. Only fl.OtO far a Lot 101 by 2M feet. Trrmf ray. BRUCE WARING & CO. Offices: 7 and 8, Progress Block 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. 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 case lots at $6.50 for 50 pints. 19.50 for CO quarts. SOLE AGENTS Z 'O S fa jut ;fc ft VvHfe 5 "TIjc Pij Jrawi ninlcni fmni the lip5 of tho phtbvophcr, anJ hu!F up the mouth of the fv!ifh; it genrratr a :yleo! convcrfation, contrmplative, tLcuphtfal, lcr.evolrn! and ttr.affrctext. T7-irlmy. HollSster Co. WHOLESALE AND RETAIL DEALERS IK American, Havana and Manila Cigars TOBACCO. ONUFF. AND Smokers' Articles Riding Fine Grades SMOKING TOBACCO a specially. Cor. Fort and Merchant Sts. - - - Honolulu. MosqMDtolSee Will Drive Mosquitoes Away. for his horse or A KACKINO. iir RA CINE Dill VI NO HIT. A int! pull on the reins will check th wildcat plr- lted hore living. Holdcj thc!' bit we carry a full line of curry voab., the Dandy Hors !!rush. Hlack iaaVe Whins and Horse and Mule Collar of all fdz. Cures the Bites! Brings Comfort r -OWE-Y AT- Benson, Smith & Co LI MITE D- Ulmttod. 307 PORT ST Fort and Hotel Streets. We Have Just Received Another Shipment of GASES 'in' rot' Irom touching it. iosiuu a.uu u-pi: Direct From the Leading Factories of Europe and Will OF BEAUTIFUL DRY GOOD ly in a community of mixed races. But it must be done, or the result will be a great charity existing, in vain. We iboliev-e that Mr. Smith will find his test work hereafter, aside from the conduct of his own business arutirs, in iyroparing young men and women through this' charity, to become good citizens, and members of this commu nity. Open ova Them Up on h 00, EVERYTHING NEW AND HANDSOME I MONEY AND R.VTE OF INTEREST. In continuing our short studies in Finance, -we take up once more the matter of coin in the Islands, and its relation to interest and loans. It has been publicly stated by Mr. Spalding of the Claus Spreckels & Co. honk that Mr. Damon's estimate that in in the Islands amounts to buv v- - - ahout $5,000,000 is probably correct Assuming that this is proximately cor rect we are confronted with this fact that the amount per capita is larger in these Islands, on a gold basis, than Elegant New Prints in tasty patterns, thiry yds. for 5i. Ten thouasnd pieces New Dnss Goods, ct per yd. and upward. Valenciennes Laces in great varitty of design, twelve yds. for 2cts. BARGAINS. LAIUES UXDEIWL0THES LADIES' STOCKINGS OVB DDBoimoir Dm Great Variety, at special prices, at special prices. MA Five hundred different styles of Trimmed Hats Si each. Magnificent Easter Hats, direct from Paris that are dreams of beauty. To soo thorn moans to buy. as thoy nro lrroalstlb!o. This is the place to get your Easter needs in Hats. Dress Goods. Laces, etc. The choicest are always taken first. The wise come early. Qqjqoo Street, in any community in the world, con- IN Li NX U