The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1889-07-09
HAWAIIAN rRAmWkYs COMPANY.
Completion OF TracklnSing---B eres
tania street Line Opened---sthte.
ment for Investors,

begun in May, 1888, was completed
on Monday, July 9Th, 1889, the
system covering distance of twelve
miles. There was a delay of six
after the first half mile was
put down, in waiting for rails
by the ship Cockermouth from
Liverpool. Many difficulties arose
in the matter of street making
on the lines of the track, notwith-
standing the strenuous exertions of
the Government to keep ahead of
the company's operations, which
further hampered progress in laying
the rails.
There was a little ceremony in
connection with the completion of
the work. Mr.. L. G. Gribble, en-
gineer of the company, drove the
editor of the BULLETIN to a point
on Beretania street near Punahou,
between five and six o'clock on
Monday evening. There an un-
fastened fish plate on a section of
rails was exposed. Mr.. Cabot, as
sociate engineer in the construction,
and one of the foremen were pres
ent.
Mr.. Gribble placed the nuts on
the bolts of the fish plate, and,
banding his guest wrench, ex-
pressed his great pleasure in giving
the representative of his friend Mr..
Hill and of his newspaper, the
BULLETIN, the opportunity of per-
forming the ceremony of laying the
last rail. While not forgetting the
kindness of other local newspapers,
nor disparaging their assistance to-
ward this enterprise, he had been
much gratifed with the BULLETIN
steadfast support, and particularly
so in regard to certain articles de-
monstrating the future profitable
ness of the road. He desired that
his sentiments on this occasion be
conveyed to Mr.. Hill in writing.
Mr.. Logan, before applying the
implement put in his hands, re-
sponded briefly, thanking Mr.. Crib
BILE in Mr.. Hills and his own behalf
for the honor now bestowed upon
the BULLETIN. He said he had adj
vocated street railway in the news
papers of Honolulu, beginning as
editor of the BULLETIN in 1884 i'm
medlately after arrival in the coun-
try. Both in the editorial and news
columns had he remarked and re-
corded with satisfaction the incep-
ton and every stage of the progress
of this undertaking. He congratu.
lated Mr.. Gribble and the Hawaiian
Tramways Company upon this con.
summation, that, considering all the
unavoidable drawbacks encountered
had been arrived at expeditiously.
The tramway was to be hailed as 8
great boon to the community
bringing the beautiful environments
of the city within reach of the
masses, affording workingmen thu
privilege of making their homes il
the wholesome air of the suburbs
and giving the poor man, native q
well as foreigner, the advantage o
vehicular transit so much to be de
sired for travelling distances in {
tropical climate. Again thanking
Mr.. Gribble for the distinction &C
corded him in this ceremony, th,
scribe with few turns of the wris
frightened the fish plates till the,
nearly cracked.
The party then, on the invitation
of Mr.. Gribble, adjourned for din
ner to the British Club.
The company has lost no time il
putting the last completed section O
the tramway in operation. Hourl
cars began running between Oah
College and Nuuanu street thi
morning, upon a time table else
where advertised.
The company has large stables
feed storehouse, repair shops, an
cottages for employees at Punahou
also similar group of buildings q
the Kamehameha Schools terminu:
1t will employ $50 horses and mules
and for the present operate p car
on the whole system. Most of tn
animals have been imported, but
number are home raised. The latte
are, however, rather highbred fc
the purpose. 1t is preferred by tn
management to have unbroken an
mails, as better results are obtaine
by having the breaking to both ha
ness and cars effected in one pre-
cess. The stables at each terminu
have every convenience including
detached hospital for sick and il
jured animals.
The Hawaiian Tramways Con
pany, Limited, has, in view of I'll
apportionment of stock advertised
auction, issued "First Half-yearl
Statement for Investors. AS I'll
document may be procured by il
tending investors from the loo
brokers, Messrs. Bishop & Co., it
unnecessary to give detailed sun
mary of its contents here. Brief
it may be said that, with liber
allowances, it estimates monthly r
ceipts for the next half year
5000, and monthly expenses i
Guiding 81 900 for contingencies
81, 265, leaving 81, 1886 available +
dividend, being five percent per a
mum on $500, 400. This is based
present business, but figures of
crease are given which, with enhan
ed economy of management, hold O