The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1889-12-03
OUR SAN FRANCISCO LETTER.
Per :. :. Mariposa, San Francisco,
November I6, 1889.
(Continued.)
CFrom our special correspondent


A dispatch from Washington I'M
der date of Nov. 18th, says: b. A.
p. Carter. the Hawaiian Minister, re-
Gently returned to Washington after
visit to his home in Honolulu. In
an interview this morning his atten-
ton was called to what was tele-
graphed from San Francisco on his
arrival there concerning the future
diplomatic and treaty relations be-
tween the United States and his gov
eminent. Carter replied that there
was a desire on the part of his gov
eminent for closer relations between
the Hawaiian Kingdom and the
United States. The minister was
asked if anything had been done Off
cially to formulate the wish of his
country. Carter replied: Il have
not yet formally presented any pro-
positions to the Secretary of State,
but expect to do so. The PROPOSE
tions Will be, first, for the continu-
ance of the present treaties in force,
and making. them terminable only
after a mutual conference, instead of
one years peremptory notice by
either party; second, that each coun-
try shall treat articles which under
the reciprocity treaty it admits free
of duty precisely as if the PROPOSE
ton originated in the country so ad-
hitting them; third, providing that
whenever Congress shall so desire,
extention of the principles of recip-
rocity in trade may be made even to
the extent of abolishing all duties
between the two countries. except
upon articles such as opium and
spirits: fourth, that the United
States guarantee the independence
of Hawaii, and to enable her to do
this without danger of complication
Hawaii agrees to make no treaties
without the knowledge of the United |
States. We think there are good |
and urgent reasons why these pro-
positions should take the form of a
treaty"
Hawaiian Commercial Sugar Company
The annual meeting of the stock
holders of the Hawaiian Commercial
and Sugar Company was held in
San Francisco on November 18th.
10000 shares of the capital stock
being represented.
President John D. Spreckels ten
dered his annual report Of the oper-
alton of the company for the past
year, the interesting portions of
which are published below:
The sugar receipts for 16SS-S9
1890 tons, as contrasted
with 1864 tons for the preceding
season. of 1SS7-SS. The net money
receipts for sugar in the past season,
1888 SO, gave a total of 81 .427. 1S2 40,
" SlO1 per ton: the receipts for
-SS7-6S were S915,093 IS, or SS5 81
Der ton.
The net profits of the company for
he past year amount to S750.OOO
.galnst S191, $50 for 1888, or an in
rease of S55S. 100.
An outlay of 100000 was incurred
y the purchase of half interest in
he Waikapu Plantation, and there
we're S271, 000in the treasury October !
i, 1889, as against $4,000 at tie !
corresponding date, 1888.
In concluding his report the Presi- '
ent says: s
IF it had been the policy of your S
to encourage speculation in I
ne eompany's stock, larger divi-
ends might have been declared. but !
has been their policy to make your 7
5Ock desirable Investment for per- L
lament income. This policy, 1 think, !!
Ill commend itself to stockholders Ii
5 safe and prudent, giving strength v
nd increasing value to their shares. 0
Your plantation superintendent G
the crop of next season at
L477 tons"
The financial condition of the com P
any was reported as follows. :
ssets. ............... ,97s, 500 "a =,
..-........ 91S,7S2 80 =,
Totai...............$ 3, 059, S13 70
The old officers and Board of Di