The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1893-10-21

attacks of both on our business
standing have for the most part
been treated with the contempt they |
deserved, as simply low style OF
political warfare to be expected
from small minds. But when the
Advertiser ia one of it's recent curl
ously mixed articles again applied
the term bankrupt" to the BuLLE-
TIN, following close upon a mali
cious attack on our credit in San
Francisco by the editor of the
Advertiser, in his capacity of cores
pondent of the Associated Press,
forbearance ceases to be virtue.
This matter of the BuLLETN's
financial position has a public inter
est, from it's being used for political
as well as other purposes by the
editor of the Advertiser In his
writings for both the home and for
eign press, he has used the alleged
weakness of the BULLETIN financially
to prove that the cause of anti-an-
nexation is at very low ebb in
these islands. Even taking this fact
into consideration, however, we
should not trouble the public with
any notice Of Mr.. Arthur Johnstone's
characteristic vagaries in his favorte
role of libeling, were it not that
there is very intimate relation SUBJ
sisting between that very man and
the present position of the BULLETIN
Offices affairs. Mr.. Johnstone was
first business manager of the Bulle-
tin Publishing Company. He had
the benefit of business ready estab-
lished on a fair paying basis, besides
which he received for running ex-
penses the first month or two a mat
ter of about two thousand dollars
advanced by stockholders. Yet be-
sides the debt placed against the
concern by these advances, he re.
signed the management after few
months to leave his successor a
legacy of two or three thousand dol
lars of debt to outside creditors in
Honolulu and San Francisco. These
two separate series of Indebtedness
have been all but wiped out, while
an addition of 5000 worth of new
printing plant has been made to the
establishment, which is largely paic
for-the final instalment not falling
due until date in next year. Will
, the exception of the balance on oul
new plant, the concern-unlike whel
, it got rid of Mr.. Johnstone's man
agement-owes not one cent in Sal
Francisco, where Mr.. Johnstone ina
gined, probably from his own record
| that he could strike a deadly blow
, at our credit.
, So much for Mr. Johnstone's appli
: cation of the term ''bankrupt" to tht
BULLETIN. WOIu ulOlo oo w oA'
> question of good taste in the use o
3 the word bankrupt" by this parti
0 cular individual. The records o
h the Supreme Court show that tn
: naughty crier of bankrupt" agains
g others was discharged from all hi
e debts not very long ago without hi
l. many creditors for large aggregat
d amount receiving one cent in tn
= dollar. There is no disgrace neces
S sarily in being unfortunate in busi
# ness, but that is not the question il
: this case. 1t is simply one of wheth
k er such man, who has taken advar
C tage of the bankruptcy act to reliev
@ him of paying his debts, should nc
' be rather modest in using the wor
" bankrupt" for abusive purposes tc
d ward other people. Notwithstanc
IS ing the strain on the public sensib
70 lities from exhibiting this slandere
l. to such an extent as he has force
II us to do, there is good deal hel
d in reserve, the production of whic
a will depend upon the future beha'
% ior of the subject.
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