Newspaper Page Text
gHE FXUfFIO CTOfMEHCIAB fXBVESTISEH. HONOLULU. SEPTEMBER 20, iboj.
SHAW WILL 1 BANKS Important Move In National Finance. WILL INCREASE CIRCULATION Heavy Demands of the West De creasing Balances in New York Banks. WASHINGTON, Sept. 13. Sec-etary Shaw today issued the following state ment: Secretary Shaw has made arrange ments to release about $4,000,000 of the treasury holdings. He has had a list prepared of those national banks throughout the country which held free or pledged bonds at the date of their last report and has made inquiries for others. After making allowance for changed conditions since last report he expects this will release at least $4,000, 000. He has sent notice to all such that if they will send these bonds to the treasurer of the United States in sums of fifty thousand dollars or more they will be designated as temporary depositaries and the face value of the bonds wi'il be deposited with them to the credit of the treasurer of the Unit ed States. He has pursued this course in preference to designating deposi taries in the ordinary way, which com pels him to buy bonds in the market at a large" premium, thus paying out more for the bonds than they get from the government. The customs receipts are extremely heavy at this particular season of the year and the cash bal ance of the treasury has gradually In creased. He also has decided to anticipate the October interest, amounting to about $4,200,000, and with this in view, orders have been issued to the various sub treasuries to cash such coupons as may be presented them for payment and the treasurer of the United States has been instructed to mail checks for in terest on the registered bonds. All this was decided upon some days ago and letters and telegrams prepared for to day. The secretary sees in present condi tions no occasion for alarm. He calls attention to the fact that there is no evidence of a currency famine present or prospective elsewhere than in New York, and even there the rate is not high for commercial paper and for commercial paper he has the greater solicitude. . He is well satisfied with his efforts to increase circulation which he decided upon in the early summer . when present conditions were plainly visible and has the presses busy pre paring to meet an emergency which he does no.t expect but which he thinks it Is wise to provide against. Thus far he has made requests only of such banks as hold large deposits and have very limited circulation and he is not asking these to increase to the maxi mum nor to Increase at all . for the present. He does not desire to force the banks into the market to buy bonds at a higher rate than the government is willing to' pay. He does desire to make the best possible use of the free bonds now held by the banks. Inci dentally he likes to encourage banks to bold free bonds during the dull months, believing it is much better to hold bonds that yield one-half per cent than to make call loans at two per cent. He is therefore giving the banks that hold these free bonds an opportu nity to use them to the most excellent advantage. This method, if pursued by the banks, would give a slight ele ment of elasticity to our otherwise in elastic currency system. His position as regards circulation is best expressed in a letter which he re cently wrote a banker that had been already buying bonds and which he has consented to make public and Is as follows: "Treasury Department, Washington, Sept. 10, 1902.. "My Dear Sir: Your letter of the eighth is received. I find it well nigh impossible to convey the purport of my request even to the banks of which I have made the request, much less to the public. "First In case of imminent danger . or actual disaster I will be compelled to use government deposits to buy in creased circulation. "Second I desire to have from fif teen to fifty millions additional circu lation printed preparatory so that it can be issued in four days Instead of forty. "Third I will be glad to have the banks holding deposits arrange, if they can. to borrow the bonds. "Fourth I desire to send no bank in to the market to buy bonds at the pres ent time. lfth I do not care to have the currency issued unless conditions make t well nigh imperative. "I am making no demands upon any oanc. The amount of their circulation must be determined bv their directors hut inasmuch as the public holds the oCT.ifiary ot the Treasury somewhat r- -p-nsible for existing conditions I ' ' : myself justified in using the pub- ' -;i5, now hel(J by varjous banks ... .vit as I think best for the p-Jb- tv-'t"' fG,d - ase of trouble I may Hue. bEt-.t use these to buy increas ed circulation, the banks now holding such funds having preference Later in the day the following was given out at the Treasury Department: "The New York. banks are complain ing because the unprecedented demand in the west is reducing their available cash. They therefore ask that they may be permitted to go into the mar ket! pay $1,100,000 for a million of bonds and' receive from the treasury a mil lion deposit with the bonds as security. They seem willing to do this and in crease the reserve $250,000 against this increased liability. Thus the banks would decrease their available cash 1350,000, but they would be drawing the interest on the bonds. Instead of this the Secretary is loaning to any bank wherever situated upon its free bonds. In this way the western demand upon the banks will be relieved and they will only have to protect themselves." Busala and Persia. LONDON, Sept. 13. In a dispatch from Odessa, the correspondent of the Stand ard says the German Bagdad Railroad scheme appears to haunt the Russian press ke a spectre. The Novosti, goes on the correspondent, referring to the report that J. Pierpont Morgan has taken, or is about to take, considerable interest in the new railroad, observes that al though Americans, Frenchmen and En glishmen will be large shareholders, the enterprise will remain essentially Ger man. The Novoe Vasmya, the corre spondent also cables, strongly advocates a strenuous poncy to offset British arid German activity in Persia, saying that to wait until the Sestan and Bagdad line is completed would be nothing less than suicidal on the part of Russia. "It is through Persia only," says the Novoe Vremya, "tnat. Russia can outflank the Germans In Mesopotamia and the British in Beluchistan and India." WORLD'S NEWS CONDENSED Trans-Atlantic travel Is very heavy. Gen. Miles has started for the Pacific coast. A $30,000,000 paper trust has been formed. Hayti is greatly excited against the Germans. British hops have been badly damag ed by rain. Lord Charles Beresford is on his way to America. Ex-Queen Natalie of Servia is to be come a nun. . The Queen of the Belgians is critical ly ill of asthma. The situation at Panama is becom ing more serious. The corner-stone of the new Cam panile has been laid. China is uneasy over Russia's failure to restore -Manchuria. Field Marshal Von Waldersee will visit the United States. i A seat in the N. Y. Stock Exchange has been sold for $82,000. Utah Republicans refuse to endorse the Cuban reciprocity scheme. A. R. Shepherd, formerly governor of the District of Columbia, is dead. The American liner Kensington has sailed for New York with oil fuel. Gen. Botha says England will not help to restore ruined Boer farms. W. K. Vanderbilt Jr. want3 to en gage in automobile racing In England. There is a great increase among Mormon missionaries in Germany and Switzerland. The American liner Philadelphia beat the Fuerst Bismarck in a race across the Atlantic. There are great forest fires in the mountains of western Oregon and Washington. Damage to one of her 13-inch guns will put the Indiana on the dry dock for some time. American officers took part in a cav alry charge led by the Kaiser at the German maneuvers. Rev. F. B. Meyer, the eminent Eng lish evangelist, says that American prosperity hurts religion. Baron de Stael will retire, at his own request, from the London embassador ship and become a member of the Im perial Council. Roosevelt's two eldest sons have been made deputy sheriffs to help con trol the crowd at the President's Nas sau county reception. Senator Clark of Montana has bought twelve rugs for $250,000. Some of them are "Polonaise" rugs made to order by Persian artists in the sixteenth and seventeenth centuries. These will be framed and put under glass. WANT MORE TOURISTS Business Leaders Canvass for a Fund. to Tourists travel and how to get it to come to the Hawaiian Islands was the basis of a long and earnest discussion at a special meeting of the Merchants' Association held yesterday morning. The result was the appointment of a committee to canvass the city for funds on a general plan outlined at the meet ings, the details of which will be ar ranged later. The sense of the gather ing of the merchants was that every effort should be put forth to attract tourist travel to Honolulu. Considerable difficulty was experien ced in getting a quorum and it was 10:45 before the meeting was called to order when the following persons were present: F. L. Waldron, W. W. Harris, J. F. Soper, W. W. Hall, J. G. Roth well, F. W. Macfarlane, F. J. Church, L. E. Pinkham, F. Lange, E. A. Mc Inerny, W. H. Hoogs, W. Llshman, p. M. V. Forster, W. Pfotenhauer, W. W. Dimond, G. W. Smith, Robert Catton, J. Kirkland and C. L. Cullens. F. W. Macfarlane presided. The "Tourist Travel" report, which was published several weeks ago, was read by Chairman Macfarlane. He stated that the merchants should con sideft the question of finances in con nection with the plan outlined in the report, before taking up the report it self. He felt that the present strained financial condition of the market would be an incentive towards having the merchants contribute to a fund which would in the future bring good financial results to the community. He recog nized the fact that collections were bad, but despite this he hoped that the asso ciation would make a definite vote on the question. In his opinion a commit tee should be appointed to solicit sub scriptions for a six months' experiment, the payments to be made monthly. He stated that twenty-five cents a ton for all exports and imports had been sug gested. W. W. Dimond referred to the hotels as not having been assessed in propor SPECIAL ELL1NG What Woman Has Enough Shirt Waists ? She can always find a need for one more, especitlly when such an excep tional opportunity as this is presented. The Waists compri e the" finest creations in Whits Lawns, Silk Mull, Swieses, Madras and Mercerized Fabrics. Most ly with long sleeves and the New Stock Collars. A Wow Lot of We have just received a big new lot from one of the Best Waist Makers in the country. They Gome to us at so much less than normal, early summer price?, that we have marked them irre- sistabiy low. In additi n to this, many of the Waists in our "regular stock have been radically reduced. It's the Waist chaace of the summer, and the last chance you will have at a fe.-h, crisp lot of the daintiest New York Waists. """rifTmiiniaiir 9 NEW FOOTBALL j BASEBALL ON RULES FOR 1902 MAKiKI GROUNDS The new football rules for the season ' The second game of the Winter Base- of 1902 are out, and for the first time it Is ball League will be played this afternoon tion to the merchants, but agreed with possible to get a record of the changes on the Makiki grounds at 3:30 between the six months' experiment. Fred made by the rules committee at its sum- the Brunswicks and Y. P. A. C. The Church did not wish to see a reduc- mer session.. The most important altera- teams are as follows: tion in the wharfage. F. L. Waldron tlcm is a section providing for a change Brunswicks Macfarlane, ss.; Ahla, lb.; moved tnat the Board or directors act Qf goa,s each touchdown. This Anderson, I.f.; Kaanoi. 2b.; Ni Jackson, J : change is for the purpose of equalizing c.f.; Bolster, p.; Kahaulelio, c; Kiwa, as a committee of the whole to canvass for smffirifnt fnnrls in carrv nut thp experimental suggestion and report the chances of the teams as far as wind 3b.; Welsh, r.f.; substitutes, H. James and back to the association in two weeks, and sun are concerned. The change also Ewaliko. He thought the money was the first provides for a shut of goals after a goal t Y. P. A. C M.' Sebastian, c; H. Kaai, object of the movement. G. W. Smith from tne field. A number of minor p. and lb.; M. Gomez, Capt., lb. and p.; tnougnt tne mercnants snouid not De changes are made for the sake of clear- V. Fernandez, Jr., 2b.; Joe Fernandez, ness, and a rule which relates to the 3b. ; A. .Marcallino, ss.; H. Rodrigues, r.f.;. the ones to be taxed primarily, but Mr. "a rvi An A V - f Vi - -v-i irriVi onto n- V r . , . , , , length of the game says the referee shall, A. Sebastian, c.f.; J. Marcallino, l.f.; sub are proposing the Tourists Travel plan 0 . should be the first to express their when he th5nks darkness is liable to cut stitutes, P. Correa. J. Santos, M. V. willingness to contribute to the fund. oftwo' XffSf uS , SUZ3' A- J. Fernandez. J. Olive.ra. The present steamer rates which have tQ abide by such a decision shaI1 mean mZ TV Z been advanced since the Tourist Travel forfeiture 01 the game. Want Gambling Stopped, report was first rendered were dis- Ruie 16, section B. says: "In snapping! abiding Chinese yesterday sent cussed. Mr. Pinkham felt that when the ball back, if the player doing so is off the railroads and steamship companies side, the ball must be snapped again. If a request to the Governor and other found possibilities opening up for in- this occurs more than once on the same ' officials, calling their attention to gam- creased tourist travel between the down the opponents snail receive nve coast and the islands, the problem of rates would work its own solution. Upon motion of W. W. Dimond a vote , . , , . , , Dling games running In Chinatown, and yards, the number of the down and the . point to be gained remaining uncnangea., . The penalty thus becomes loss of five ; yards instead of loss of the ball and Is requesting that they be broken up. The letter to the Governor is as follows: Honolulu, Sept. 19, 1902. S. B. Dole, Governor of Hawaii. . Dear Sir: We have the honor to in form you that Chinatown has four lottery gambling houses, these people their frames at 1:30 in the day and 1 at the night. All agents car- of thanks was carried for the framers ,esg severe. ot the Tourist 1 ravel report. j Rule 18, section C, deals with the Going back to the plans for raising groupings of players and elucidates a funds W. H. Hoogs thought that ten point concerning which there has always cents' wharfage on imports alone was been much misunderstanding. It says: sufficient, leaving out exports alto- "If nve players, not including the quar- j . Igether. The motion of Mr. Waldron ter-DacK. are oemnu me une bciuh- -. . . 1 - - . . TTinf rnnv m tn'ruuv mi? ui wits liii ft- mat tne uoara or directors act as a -wln gpo8itlona: F,t all five of such ing their games' tickets from store to committee of the wnole to canvass for , be lnside the positions i store, asking the people to play. We suDscnptions was seconded by 1. vv. occupled at the enda 0f the line of scrim- beg your Honor to send order and have Smith, and carried. The following gen- mage, in which case two of the players them clear up, for they are breaking tiemen comprise tne Doaro: v vv. must be at least five yards back of the Macfarlane, W. W. Dimond, J. Wake- line; or, seconu, if one of the said five field, H. F,. Whitney, G. W. Smith, L. players be outside of the line occupied by E. Pinkham, M. Pnillips, J. F. Hum- the players at the end of said line, then burg and W. W. Harris. The commit- onl' one other of the players need be to omnnn.0j t 1,. or, o, five yards back of the line; but, third, all 1 43.osi.nf tknon nlnvnro tvi q xr rr n aa ran than Pure Tokay Winei Is an excellent tonic when you feel run down, or your ap petite failing. 75c per gallon AT HO Gi l LIMITED. King near Bethel. VERYANN0YING This Hardly Expresses What Honolulu People Say of It. sistant to the secretary. The assistant five yards to the line of scrimmage if. two Good natured people are often irri table. If you knew the reason, you would not be suprpised. Ever have itching piles? Not sick enough to go to bed; not well enough to be content. The constant itching sensation. Hard to bear; harder to get relief. Spoils your temper, nearly drives you crazy. Isn't relief and euro a Innc.Wt kvant? You can have relief if you will fol low the advice of this gentleman. . Mr. Frank Leibly of 326 S. Main St.. Wilkesbarre, Pa., U. S., who says: -It is with much pleasure that I testify to the merits of Doan's Ointment in cases ..-ill v, 1 i... u " c " ui uC i,a.u nupiujt, aim u, luc of them are outside the positions OCCU- terms 01 tne motion ne will De em- pied by the end o said llne In tnis powered to solicit the business houses ruIe "outside" means outside the extreme to obtain subscriptions to the fund, foot of the players of the opposing side F. W. Macfarlane announced that as at the end of the line, soon as the Judd Building elevator was I In rule 2". section F, are additional repaired the Merchants' Association points to still further prevent coaching would move into its new quarters there. ,Irom lne se lmes, un,y nve men snau Utr auuwfu HI naiJV up ajiu uunu v 1 1 side of the field. Violation of this rule is punishable by a loss of five yards. Changes have been made in rule 28, which has to do with penalties. For hold- ng, the set-back penalty becomes five ards instead of ten. Also for the unlaw- ful use of hands or arms, violation as ST. LOUIS. Sept. 8.-The audience f play' rlPPin& nd, tackling be- i low the knees, the penalty is fixed as a granted at Pekin, July 2fi, by the Emperor five-yards assessment, unless the offend and Empress Dowager of China, to John ; ing side has the ball, in which case the our Lord's day. Hoping you will pay attention for this matter, and bring these . people back to the Heaven's Gate. God shall bless you, . Very respectfully, K. Y. WHOE, S. C. TAI. Rainier and Primo beer at 10c a glass at the Criterion saloon. BARRETT MEETS EMPRfcSS DOWAGERS Barrett, commissioner-general for the St. Louis World's Fair, was notable, as this was the first time in the history of the Chinese ' court that their Majesties ever received any commissioner from a foreign land on a similar mission. After addresses had been exchanged by the Emperor and commissioner-general, the Empress Dow ager, in violation of all precedents, invited Minister Conger and Commissioner Bar rett to ascend the throne dais, where she conversation fficial as inter- ommended to me and what I saw ad- I America. President Roosevelt and the penalty is instant surrender of the ball If the ball is in the air when the foul is committed, the ball goes to the non-offending side. The rule concludes with the following note: "Whenever a foul is committed which, in the opinion of the umpire, does not affect the play, the offended side may decline the penalty. In case of a run being made from this play. not more than twenty-five yards from the spot where the foul was committed shall be allowed." if itchine: nlles. T R!ifTrort tArm.in, nfflit5 V" "J .... " I W them in a private r;XT"'r . Ix., "J v L eilr- through a high Chinese o cvci J111111K mat was rec-. nrptf r shP aakcri vertised, but I could get no relief. Fin ally I procured Doan's Ointment. After a few applications I was much re lieved, and, continuing the treatment, x was soon completely cured. I have felt no signs of that intolerable itching since, and it is four months ago since I used Doan's Ointment. To say thai I was delighted is only half expressing my enthusiasm. I recommend this remedy whenever the opportunity i-? presented. You may publish my state ment at any time and I can always be found at 326 S. Main street, and will vouch for the same." Doan's Ointment Pills for sale by all uearrs; price 50 cents. Mailed by The "u"'SLtr rug uo agents for the Ha waiian Islands. World's Fair, and promised that China would take part, and send an Imperial commissioner to promote commercial and iriendly relations between the two coun tries. The EmDress narticularlv renupst- ed Mr. Barrett to convey to President Roosevelt China's deep appreciation of the generous attitude of the United States toward that country during her recent troubles. Coal on the Kise CHICAGO, Sept. 13.-The price of soft coal in Chicago has risen to a ton, as compared with $3.75 on September 1st. Anthracite is practically unobtainable and quotea Dy some dealers as high es $L'o a ton. The sudden advance in Drices is attributed to the demand caused bv the Remember the name DOAVc: : a eatnr which, while not severe in take no substitute ""useir. has aroused householders to a real ization that their bins are empty. Regatta Officials. The officials in charge of today's regat ta are as follows: Judges, Capt. T. K Clark, Walter E. Wall, Chauncey Wilder starter, W. L. Wilcox; timekeepers, L. Marks. Geo. Donn. L. P. Scott. C. E. Eakin; clerk of course, Capt. E. H. Par ker; Repatta Committee, S. E. P. Tay lor, 31. jonnson, w . j. jfarke; re corders, w. snort ana c. charlock: sec retary.. J. W. Smithies. Rifle Competition. oil A A, Ont., Sept. 13. A drizzling rain, accompanied by a strong east wind was falling when the American, British and Canadian rifle teams faced the targets on the Rickcliffe range in the Palma tropny contest today. The weather con ditions were so adverse that high scores were not looked for. During the early iiuuis me teams did some practice shoot tne Americans, however, not reach ing the range Until quite late. : 71T I V i 1 1 Ititf" - " I Tho Latest Scientific Discovery is tfased on the principle, "Destroy the cause, you remove the effect." llerpicide kills the germs that cause dan druff by digging up the scalp as they burrow their pestiferous way to the hair root,where they finally destroy the hair. Without dandruff your hair will grew luxuri antly. Herpscidc stops dandruff and fall ing bair, and starts hair growing within 10 days, One bottle will convince you of this. For Sale at all First-Clans Drug Stores. n l.iJW."J!W HOLLIBTI DUO CO- LTD- omta. PR CHICHESTER'S ENGLISH fENflYROYAL PILLS r-r.T7v9AFE. AiwTrhble. Ladle. k DrurHrt J'SiWfSS In KED bo4 bold metmllie boxea. raled T-Ti?4 :uh Oiribbo. Take no other. Refuoa Ti jj nangeroM ubUtutlon and Irolta I fi; Uoii. Buj or your Druim. or inil 4e. is I Jl Mbm for I'artlrulnrm. Tmllannl.li nd "Relief fnr l.adlca,"u Utttr. by re tarn Mall. 1 O.OOO Tmimonial. K.iM h .11 Tl. 4 L 1 I . . J . juimwi Bttre, fiixiat ri Mi "LION BRAND TRADE MARK I I. I .7"1-UM II "T'.IJ ..A I"' I iifiwii 1 1 Hiiiiiil'M! a : i i t I f 'I I i 1 U : I li lilK Il I !" Mite tiiililflM.il The famous "Lion Brand" ol shirts manufactured by the U. S. Shirt and Collar Co., are now being offered by The Yon Hamm-Young Co, Ltd. Qneen Street . , . at. Tin" ppq that will filimrise pleaee you. i BEAVER LUNCH ROOMS H. J. NOLTE, propnexwr. Fort Btret, Opposite "Wilder C- I nBT.PT.iSfl T.TTNM1E9 SEBV f With Tia. Coffee. Sod WtT, j Glnscr Ale or Milk. Oym from 7 a. m. to 1 p. 21. iroksnr RcquUltct a BpeclAltT- SHAVING 15 cents AT THE Pantheon Shaving Parlors. CHAS. HUMMEL. Manage