The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1888-02-17
The Arcade-EGAN & co.
Dry Goods
New stock, Latest styles TO suit the
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New stock, Latest styles 20 suit the
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WEIGH, so that shipments around the
Horn heed not be thought of while
the Trust remains intact.
Comment upon this state of facts
is needless. They speak for them
selves. l think it may be fairly as
sumed that the Hawaiian planters
will lose on their crop this year, by
reason of their own policy and com
bination over two years ago, between
one million and one-and-a-half mil
lion dollars. What the stockholders
in the American Sugar Refinery will
lose in struggle to sell it's $4,000
tons of high-priced sugar against
100000 tons of equally good but
less costly sugar remains to be seen
Perhaps the stockholders can "stand
the racket" Some of the San
Francisco papers assume that they
can, and speak of an arrangement
between one of them-Mr. Jones,
"millionaire Hawaiian planter and
business man" - and the Have
meyers of New York, to swing the
American Refinery and line with the
Sugar Trust and get away with the
Spreckels' opposition. Il don't think
this report is true either. The
gentleman referred to is far too
shrewd TO burn his fingers pulling
Mr. Havemeyers' chestnuts out of
the redhot embers, more especially
as the firms composing the Sugar
Trust of New York were, and are,
the most bitter and reckless oppo-
nents of the Reciprocity Treaty in
America. Hawaiian planters should
fight the Trust.
Another feature remains to be
touched. That is, the tariff and the
beet sugar possibilities. Colonel
Spreckels is more than sanguine of
the success of his beet sugar pro-
ject; so are farmers and capitalists.
Eighte EN- tons of Silesian sugar beet
seed arrived in port two or three
days ago for distribution among
farmers, and will be planted this
Spring. More seed is on the way.
| With regard to the tariff, no one
knows what Congress may do, but
it is exceedingly probable that a
compromise will be reached between
the two parties, and that the tariff
will be reduced by one cent per
pound. Colonel Spreckels is going
to Washington in March, and doubt
less when he is there he will be con-
suited. He is the largest sugar
planter in the world, and being in
terested in cane sugar on the
Islands, also in establishing the beet
sugar industry in the United States,
as well as being perhaps the most
successful refiner in the country,
his opinion on the tariff will doubt
less have weight.
And here reference should be
made to the late meeting of the
Chamber of Commerce, and its ac-
ton regarding the tariff and sugar
bounties. 1t was engineered by the
American Refinery people, Mr..
Steele, General Dimond and others
interested in that company having
run it. They opposed a bounty on
beet sugar because it was in the
direction of free trade, but were
very decided that a protective tariff
for the rest of the country and free
trade in Hawaiian Sugar for them
selves was what they must have to
get along decently. And they en-
bodied this illogical proposition in
resolutions for the direction of Con-
gress, and adjourned rs full of self
sufliciency, and as ridiculous, as the
three famous "tallors of Tooley
street," who resolved that "we are
the people of England" The Cali
fornia Refinery was not represented
at this meeting, and when spoken to
on the subject of a bounty for beet
sugar, Col. Spreckels said it was
premature to speak about it: what
he wanted now was to establish the
beet sugar industry. He was at
tending to his own business strictly.
This may not be pleasant reading
to many people ON the Islands, but
as a serious crisis in their affairs is
impending, they should know just
in what shape it is likely to come.
If any body can "get in out Of the
rain" they should do so in good
time. Il. N.
San Francisco, Feb. 9th.
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