The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1896-07-14
President Dole Has Not Banked
Coin Abroad.
SAN FRANCISCO IDYL KILLED.
Experience of Men who Bought Land
In California Out of Eleven
Who Invested Lost Money-The
Presidents Devotion to Relatives.

| ID SUN q "OI NV - -
in some respects that man or woman
can do nothing that his neighbors Will
not learn of and talk about. 1t some
time happens that rumors are circulated
about individuals that are not strictly
true, though they may bear the blurred
finger marks of veracity itself
One of the rumors which has been
going the rounds of Hawaii for the past
three years bears directly upon the
private matters of President Dole. 1t
has been used in different shapes, for
: and against the President, but quite re-
Gently it has drifted across the ocean
and is utilized by enemies, of the Gov
eminent in San Francisco as a sort OF
: campaign lie. When everything else
failed to show that the Government OF
the Republic was not stable, its enc
mics abroad submitted President Dole's
act in sending money to California as
an evidence of his lack of confidence.
A gentleman with some surplus cash
wanted to come to Honolulu and invest
it. He announced intention to his
:. friends and they at once tried to dis
suade him. His story to representa-
!, tive of the Advertiser is amusing.
4 az wanted to come here" he said,
4 'and invest some money, but l was
d scared out of it. l had heard the Gov
v eminent was not stable, and that an
e overthrow might come at any time but
:. took that cum granum Sails. That
thing has been going the rounds too
long to have any weight with business
men, but when 1 was informed that
even President Dole was sending his
money to California for security rather
han let it remain in Honolulu, | began
~ thinking there might be some reason
for leaving my capital in the United
States until l could investigate"
Did you understand that the Presi-
dent was sending his money there or
deposit or for investment"
n Banking was the word used, anC
that was what staggered me. Any one
has the right to invest his money, anC
however he pleases. 1t might seen
strange for man with the foresight
the President is credited with having
is to put his money into six per cent in
iaI vestments in the United States, whel
:. he could realize more by investing
here. AS have said, it might cause
on little wonderment on my part, but
I'M cannot say it would deter me from com
od ing down here if 1 was inclined to in
AZ vest my money. No, there was nothin
~. said about the money being sent for in
ny vestment; it is understood in San Fran
Tas cisco that it is on deposit there"
I, <Nf Il
on Slatners Oh II, l suppose venture
- the reporter. Now, let me ask if yo
u ever heard that the President has
cry brother in California who has a larg
vim family of children? Have you eve
mo heard that the President has a sma
!. orange grove at Riverside? No. Wei
l will tell you.
Oh You are probably not aware tina
A. back in 1888 the sugar industry i
Hawaii was big thing; men interest
ed in sugar had more money than the
knew what to do with and this eouI
IN try was on the crest of a financis
the wave of prosperity. Makaweli, Ks
VS. huku and EVA plantations were star
Ito, ed so that men could get rid of the
ere surplus cash. President Dole wa
eel then an associate justice of the 81
the preme court at a salary that did NJ
an trouble him to get rid Of Nor was
ing large enough to permit him to becom
me sugar baron.
tied About this time there was a boo
in Southern California and gre;
,ac- many people here were carried ava
Ii with the prospects of becoming riC
the through the probable rise in real e
ate tate there; thousands of dollars thi
the came to Honolulu men through sug;
lent investments went into land over ther
and Mr. Dole was not one of the lucky me
ion who grew suddenly oppulent throug
sugar but he was human in his wis
h of to get in on the ground floor in Cal
No fornia land The Presidents brothe
We George, a resident of Riverside, got
/, An on the boom and held his land.
1891, the President bought a sms
',,, orange grove near Riverside and h
ua held it ever since. That is the exte
- of the Presidents investments in 4
ono United States.
Aov TN addition to President Dole's g
penses, which are large, and do n
Vi leave much of a surplus for any XII
DC of investments, he has for years be-
'dUe assisting his brother at Riverside
. vi the education of his large family
enl- children. The president has no childr
OF and it has been pleasure to him
assist his brother in this way. Outsi
hers of this expenditure and the conduct
oyel the orange grove which he bought
alel, 1891 he has no investments outside
s OF the Hawaiian Islands.
heir "If he had put his money there
and those days, when things were prosp'
big GUS and he had followed in the 70
lilies, steps of ten out of every eleven m
have who invested their money there;
and would probably be using every dol
men above what he uses for living expen
the in the payment of his debts.
boys IF the President has money
were burn there are opportunities for b
we're, to invest it here. One of the gent
they men who invested in California Ia
ough to the extent of nearly hundred tn
lie of sand dollars in 1889, told me the OF
rk. day that he would sell out at fifty ce