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THE PACIFIC COMMERCIAL, ADVEKTISEK: HONOLULU, APRIL 3. 1S99.
SKIS TUB FAOIBIC that on the opening of the Peail har- ' Lor han;icl, there Commercial Advertiser. t-V- W. ARMSTRONG EDITOR MONDAY : : : : APRIL, 3. A CItAZY STOCK MARKET. Iu order to preserve a record of tin? events of these days that will perhars interest posterity, it must be said that there is a craze in the specula tions over the sugar stock.-. The trans actions reported in the r.ews columns indicate the prices, and to some extent the number of shares of stock sold. The merits of the plans of organiz ation of the rnnv sugar corporations are not now discu.-sed. There is some food for serioiLS reflection about the correctness of the data on which sev eral of them have been formed. The most important data is, of course, the uncertain political data, which is of rather a shifting character. Aside from this, it must be said that the community is at a white specula tive heat. The business men, the pro- fessional .men, the clerks, the .mechan ics, the, hack men, the women, are oper ating for a. "rise." The situation is natural and logical. It exists because it must exist. It cannot be checked any more than a prairie fire can be stopped with watering pote The causes which create it are precisely the same causes .winch create) booms in other places. Individuals do not create these causes. They arise from the operation of economic laws,, and the irrepressible desire of all to get rich. There is a natural level in the .pro fits of comrnriree, just as -there is a natural level in water. Certain causes push the profits and conditions of com merce above their natural level, just gs rwater is forced up above the natural level. But other causes are also at work, and in jthe end bring both to their natural level. But few indeed, during a speculative craze, have any inclination to study economic laws that regulate these matters. The majority of men believe in "luck," though they cannot define it. The good luck of one stimulates others to try their luck. The luck of one mian in drawing a large prize in the lottery, stimulates a thousand other men to buy tickets. The interesting question is, how Jong will this wild speculative fever ast. If it is confined "to the people of this small community it will not last long. The moment those who operating believe that' prices are .high enough, then purchasing stops, and the reaction begins It is a matter of belief and not a fact. This belief is wholly capri cious. On a reacting or declining -market, the public instantly loses cour age and .is troubled with panic. There may be no good reason for iloing so, but it does.. Then the "lame ducks," flew high in the air, appear in largo flocks with broken wings. Business men as well as moralists, speak of this husiness as demoralizing. Whether it is or is not, the men -who are hoping for coo d have no time to discuss principles, and trust to their capacity to reach cover before the typhoon of a panic strikes them. will probably yi a gradual revolution in the commercial situation cf Honolulu, in a short time, if the Railway Company i. forced to n .ike its aex connections at that har bor. The large amount of room there will attract large ships. If wharves and 'wrrehouseo are built, and offer belter facilities than can be obtained .in Honolulu harbor, the shipping will concentrate thre. A double track or an air line, with rapid and cheap tran sit for only eight mile-; will practically make Pearl harbor a suburb of Hono lulu. The cost of transportation of freight an 1 passengers to this city will hardly be greater than from any point in Honolulu harbor, if the business is properly organized The freight and business of tile great plantations at Ewa and beyond will naturally centre at Pearl harbor. Great ve&sels must have abundance of sea room, and they will lind it there. The growth of the great sugar plan tations on this island will tend strong ly to build up fsetttlements around Pearl harbor. In addition to this, the construction ol a national dockyard will require the establishment of retail trade. It is therefore important that not only the facilities of Honolulu harbor be increased at once, but that the Rail way Company should not be forced to look elsewhere for its commercial ter minus. That company cannot obtain by right of eminent domain exclusive advantages in our harbor. But it can obtain th best facilities elsewhere. If it 'does, whether it' will be done with i disadvantage to this city, remains tc I be seen. Philippines, via Hawaii, would cost! $12,000,000. But it could not safelv do business without a duplicate cable, and the total cost would be at least $20,000, 000. In addition to this there will be the cost of cable steamers, spare cable, material and of stations requiring $1,100,000 more. Congress proposed to appropriate only $2,500,000 for the Pacific cable. This small sum would have been in sufficient to make the necessary con nections and secure an efficient service. E AG AX'S NAME STILL THERE. WASHINGTON, March 23 The Army register for 1SD9 was issued to day by the War Department and much comment has been occasioned by the fact that the name of Gen. Eagan still appears at the head of the commis sary department and no mention is made of his case. At a special meeting of the Waverley club Saturday evening it was decided to hold the postponed annual meeting of 18D8 and the first quarterly meeting of 189'J on Saturday evening, the loth inst. Amendments to the constitu tion will be acted upon. D r nk Hood's Sarsaparilla Cures Permanently Cures Scrofula, which is one of the worst af flict ions of the human ra:e, and comes from impure blooi. Salt Rheum, a torment to the flesh, a dis figurement to the body, and a drain on the system, also due to vitiated blood. Pimples, which so. disfigure the skin, and make the human face divine anything but a thing of beauty, but which are Nature's adver tisement of foul blood. Hood's Sarsaparilla Is.the best-in fact the One True Blood Turifier. Sold by all druggists. $i; six for $5. 6D Hood's Pills ijTkIX with TIMELY TOPICS March 20th, 1899. THE PACIFIC CAIiLF. THE HARBOR CASE. Ja. A. Scrymser, the president of the Pacific Cable Company, and a rer cent visitor in these Islands, declares in a printed interview that if Congress had passed the bill providing for a cable in the Pacific, it would have aided the. English monopoly of telegraph lines in the Orient. Neither the Australian nor the Jap anese Governments will permit the United States to land a cable in then- respective territories, because it would have to be operated according to the local laws. An independent pow er would not be allowed to manage its cables in its own way. Nor would the United States submit to rules which would hamoer the operations of its own officials. A private . corporation would submit to the jurisdiction of the countries in which it landed its cable. All of the cables in the Far East are now owned by companies who hold ex clusive rights. The United States, if it laid cables to the Orient, would be forced to make arrangements with these companies, which would subject the United States to the jurisdiction of foreign courts. Such arrangements would become embarrassing. On the other hand, an American company could make connections with the mo nopolies that would not embarrass the Government. For this reason the failure to pass the bill was fortunate. Mr. Scrymser says that a single cable to Japan, Australia, and the OOO- The decision of the Supreme Court in the case of the Government against the Oahiii Railway Company, is an af firmation' here of the rule laid down by the Supreme Court of the United States in the suit involving the water front of the city of Chicago. Up to the time tf that decision there was a difference of opinion among lawyers and iudces. regarding the power or a legislative bod' to grant a right of exclusive use of any part of the navi gable waters to an individual or cor poration." It was conceded that the owners of land adjoining navigable waters "had the right to reach and use those waters, but how far the State coulxl -alienate aw of the land be neath these waters had never been clearly defined. The value of the sub merged land in the Chicago case was about $100,000,000. The decision of the case involved a larger sum of money than any case ever brought before the court. The judges were not unani mous in their decision. But n. major ity of them "held that the navigable waters could not "be alienated to the exclusive use of individuals, and that the State, as trustee for th people, could not grant absolute control of the submerged lands to any one, and there fore no quasi public corporation could be empowered to condemn such lands. This rule has .been followed by our Supreme Court. At the same time there is nothing in the decision of the Supreme Court of the United States, or in the decision of our own court, which forbids the government to grant the right to the Oahu Land and Railway Comany of building wharves and piers sufficient for the purposes of its business as a common carrier. It is probably for the interests of the city itself that it should be done in a generous manner. alumt" Does Net Delen t Saklns Powdr Trust but Con swmersar Rapidly Ltaroleff t PKo Thair Trust la "Calumet." If Baklncy WiM Powder If the advice given in those three word3 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. EXCERC1SE 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 & 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 ita use. All who nave 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 f6.50 for 50 pints, $9.50 for 50 quarts. SOLE AGENTS. Our advertisements for the past month have been directed, generally, to the housewife, but we have things in our store that will be of interest to the wife as well as the husband. No doubt you heard about the runaway a few weeks ago. A man was riding down Fort street, his horse suddenly got frightened at some 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 the street on his bicycle and before he could get out of the way, the horse, vehicle and all were upon him. The bicyclist was seriously hurt and was confined to his bed for some time. Now who do you think is to blame for that accident? We blame the driver, as he should have had one of Eacific Heights" Notice. Applications will be received at the oflice of Bruce Waring & Cs for the purchase of Lots on PACIFIC HEIGHTS; i situated on the magnificent hillside- between Nuuanu and Pauoa Valleys and commanding a superb marine and scenic view stretching from Diamond Head, over Punchbowl to the Waianae Range of Mountains. A bro&d, winding Boulevard giving access to the property is now in course of construction and Choice Lots of sufficient area for magni ficent homesteads will soon be available. . On the Nuuanu side of the Hill is a pali protecting it froao the high winds and heavy showers of the Nuuanu Valley, ensuring salubrious climate. The elevation of the property is from 150 to 750 feet abovo iht sea level. Applications will be numbered and filed and choice will bfc allotted according to the number of the application. Only 11,000 for a Lot 100 by 200 feet. Terms easy. BRUCE WARING & CO Offices: 7 and 8, Progress Block m X 3 a? J? ar ? x if ft? "The Pipe draws wisdom from ths lips of the philosopher, and shuts up ths mouth of the foolish; it generates a style off5 conversation, contemplative, thoughtful,, benevolent and unaffected." Thackeray. HollSster & Co Riding for his horse or A RACKING, or RA CINE DRIVING BIT. A gentle pull on the reins will check the wildest spir ited horse living. Besides these bits we carry a full line of curry combs, the Dandy Horse Brushes, Black Snake Whips and Horse and Mule Collars of all sizes. i Hi iii I. Limited. 307 FORT ST. WHOLESALE AND RETAIL DEALERS IN i American, Havana and Manila Cigars TOBACCO, SNUFF, AND Smokers' Articles. Fine Grades SMOKING TOBACCO a specialty. t Cor. Fort and Merchant Sts. - - - Honolulu tflKW Mosoiuitoliee Will Drive Mosquitoes Away, Cures the Bites! Brings Comfort t -ONLY ATT enson, Smith & Co. LIMITED Fort and Hotel Streets. We Have Jti st Received Another Shipment of id DL DRY GO 0. )& Direct From the Leading Factories of Europe and Will Saturday EVERYTHING : OB-traBir&g., NEW : Open Them Up on Mlaroh S8, 5899. AND : HANDSOME I Elegant New Prints in tasty patterns, thirty yds. for Ten thouasnd pieces New Dress Goods, cts per yd. and upward. Valenciennes Laces in great variety of design, twelve yds. for 2 yets. BARGAINS. LADIES' UNDERCLOTHES at special prices. LADIES' STOCKINGS at special prices. 0V0 eSSSrr Ism reat anety AND Five hundred different styles of Trimmed Hats Si each. Magnificent Easter Hats, direct from Paris that are dreams of beauty. To see them means to buy, as they are irresistible. This is the place to get your Easter needs in Hats, Dress Goods, Laces, etc. The choicest are always taken first. The wise come earlv hi Oirf oods One need not be an expert to see Moer Fort. Z3