The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1889-06-13
sANDWieA ISLANDS.

Inc neWly-lnSJlJuJeu JTalnWaya III
Honolulu, which were constructed
under the auspices of Messrs. Skin
ner and Co., Of London, are likely
TO prove brilliant success and pay
the shareholders of the Company
large dividend. 1t has been found
that the lower native element, as
well as the Chinese and japanese
elements in the population of the
Hawaiian capital, has risen beyond
all expectation to the bait of cheap
fares and rapid and comfortable
methods of locomOtion. The mis-
sionaries have, to their credit, done
much to civilse the subjects of the
royal race of the Kamehamehas, but
the crownins mercy will be trans
and railways.
Owing to the success Of the Ho-
nolulu Tramway, the eyes of native
capitalists have been opened to the
merits Of another scheme-the
"Oahu Railway and Land Com
pany." The objects Of this Com
pany are. to make railway from
Honolulu to Pearl River, or, as it is
sometimes called, Pearl Harbour,
an inlet of the ocean, about fifteen
miles from Honolulu, and to colo
Mise and exploit the land on each
side the track Of the railway, as well
as beautiful stretch of country oe
the northern shore of Pearl River,
where the United States Government
has procured the right Of estab-
fishing a coal depot, il not q
naval arsenal. The capital Of the
new Company is f140,000. The
Company proposes to issue 5000
per cent. bonds, secured as first
charge or mortgage upon the entire
property. The grant from the Ha-
waiian Legislature has been obtain
ed, and, according to our latest ad-
vices, the bonds have already been
fully subscribed for. The promoter
of the scheme is Mr.. B. F. Dilling-
ham; he has devoted much time
and expense to the realization of the
project; his labors are now re-
warded with an almost unlocked for
success.
In 1886 Mr.. Dillingham; was in
London and offered the undertaking
to British capitalists, who, as usual,
were busy running after great finan-
cial names and great ''pulls" in for
eign investments, not destined to
prove anything like so remuner-
ative. With their usual lgnor,
snce of the wagging of the world
their notions of the Sandwich Is
lands were probably derived from
Cooks Voyages. Honolulu, the
capital of the kingdom Of Hawaii,
has now a population of 25, 900, and
its commercial and political import,
ance is hourly increasing. The
sugar industry of the islands is well
known to those in the trade from the
one fact alone that whereas the
average yield of cane sugar lands il
the rest of the world is about II
tons to the acre, the plantations in
Hawaii yield 4, 5 and even 6 tons
to the acre. The quantity of rice
and paddy now grown in the Ews
district, to be tapped by the new
"Oahu Steam Railroad," equals
5000 tons per annum, and can be
enormously increased by improved
means of communication. The pas.
senger traffic of the proposed rail
way will be fed by the rice growers
in the Eva district, independently
of the population of Honolulu
many of whom will, in course Of
time, make the shores Of the Pearl
River their permanent place of re
sort. The building of villa resi-
dences forms part of Mr.. Dilling
hams scheme, which it appears ha'
been enthusiastically taken up by
native capitalists. A similar ant
equally ominous effort of "nativ'
capital" was referred to in thi
journal not long since in reference
to the "Pobladora" Railway Com
pany in Buenos Ayres. British
capitalists can no longer hope fo
the easy-going monopoly they have
enjoyed in the worlds commerce
but they can make the acquaintance
of Mr.. Stanford and other caterers
of political geography, and they cal
watch the experiments now making
in their own country in electric mo
tive power, and be ready to appl.
their knowledge remuneratively il
distant lands without waiting to b,
dunned and perhaps eventually fore
stalled London Railway Press
March Is.