The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1891-12-30

PACIFIC COAST EVENTS.
AT meeting of the Executive
Committee of the Traffic Association
held in this city last Wednesday, a
report of the Nicaragua Canal Com.
lnttee was read. II was in the shape
OF an address and was signed by
members of the committee. The
sum and substance of the report was
that the prosperity of our people de-
ponds upon cheap water communica-
ton with the nations bordering upon
the Atlantic Ocean, who consume
most of our surplus products. The
Nicaragua canal offers the only prac-
tical solution of this problem and our
welfare depends largely upon its
construction. There is no element
of party politics in the canal. 1t is
heartily Endorsed by distinguished
statesmen of both parties. Senator
Morgan of Alabama says it is "the
most important subject now connect
ed with the commercial growth and
progress of the United States and
President Harrison in his annual
message says, 81 deem it to be a
matter Of the highest concern to the
United States, that this canal, con-
Meeting the waters of the Atlantic
and Pacific Oceans, and giving us a
short water communication between
our ports upon those two great seas,
should be specially constructed and
at the smallest possible limit of
COST
The Nicaragua Canal Construction
Company is an American organiza-
ton and has already spent over
100000 ON the work with excel
lent results. The funds thus far ex-
pended have come from private sub
scrlptions obtained in the United
States. 1t is desired, if possible, to
make the work distinctly American,
but if unable TO obtain the necessary
funds will have to call upon European
money centers for financial support.
The result of this policy will be an
increased cost, on which our products
will have to pay toll. We do not
want its cost increased by the sale of
londs and stocks at large discounts,
nor do we wish the control of the enter
prise to pass out of American hands.
TO further the policy it was suggest
ed that the citizens throughout the
Pacific Coast, in their commercial
and industrial organizations, as well
as by public meetings and private
petitions, should urge upon their
Senators and Representatives in Con-
gress the speedy construction of the
Nicaragua Canal under control of the
United States Government.
The principal question raised dur
ing the meeting was concerning the
guaranty by the Government of the
bonds of the company. Captain
Merry, Secretary of the Nicaragua
Canal Committee, said that under
the bill prepared by a Congressional
Committee and brought before the
last Congress, the Government would
hold in escrow large amount both
of the bonds and stock OF the com
pany that bonds would be issued
only as construction progresses and
the Government would have ample
security. The address and appeal
were adopted unanimously.
The Austrian Military and Bene-
VIOLENT Association has Endorsed the
candidacy of John l.. Radovich for
the position of Austrian Consul in
this city
Bogus butter is an article which
the people in general take no stock
in, and an indignant protest is heard
On all sides, for the market is flooded
with oleomargarine and other similar
products, branded as butter, which
have been poured into this State by
carloads from Missouri and Illinois.
The law passed by Congress several
years ago requiring manufacturers
and sellers of bogus butter to stamp
their products as oleomargarine or
butterine under severe penalties for
noncompliance, and in addition to
pay special license for selling the
same, has never been enforced in
California. United States Attorney
Garter and the Revenue Department
afforded no relief, and the dairymen
have now taken matters into their
own hands, and will cause arrests to
be made. The Dairymen's Union
have sent an appeal 10 Washington.
Geo. W. Dickie has scheme by
which the people of this coast can
escape from the grasp of the rail
road monopoly and he has offered it
to the Traffic Association and to the
commercial people Of San Francisco.
The plan is to have steamer compe-
tition by way of the Straits of Magel-
Ian. Stewart Menzies, who has
made thorough study of the sub
iect, has shown the feasibility of the
scheme and given the minutest de-
tails of the expense of the trade, and
showed upon basis of figures that
the steamship company could make
money while cutting the very life out
of the railroad tariffs from New York
to this coast. Geo. w. Dickie, the
weIl-known ship builder, has adj
dressed pamphlet to the merchants,
shippers, and producers of the State.
lie wants steamer for every