The Hawaiian gazette., 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.

Honolulu is such wee bit or place
in some RESPECTS that a 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
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 a representa-
tive of the Advertiser is amusing.
az wanted to come here, he said,
"and invest some money, but l was
| scared out of it. l had heard the Gov
' eminent was not stable, and that an
? overthrow might come at any time; but
1 took that cum granum Sails That
thing has been going the rounds too
long to have any weight with business
men, but when I was informed that
even President Dole was sending his
money to California for security rather
han let it remain in Honolulu, began
NJ 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 on
deposit or for investments"
4 Banking was the word used, and
that was what staggered me. Any one
has the right to invest his money, and
however he pleases. 1t might seem
strange for a man with the foresight
the President is credited with having
s. to put his money into six per cent in
al vestments in the United States, wheI
+. he could realize more by investing i
- here. AS l have said, it might cause ;
On little wonderment on my part but
m cannot say it would deter me from com
nd ing down here if l was inclined to in
-, vest my money. No, there was nothing
80 said about the money being sent for in
ny vestment; it is understood in San Fran
as cisco that it is on deposit there
ON ''Slathers of it, suppose" ventures
80 the reporter Now, let me ask if yol
ever heard that the President has
ny brother in California who has larg
in family of children? Have you eve
no heard that the President has small
!, orange grove at Riverside? No. Vel
- l will tell you.
vi You are probably not aware tina
A. back in 1888 the sugar industry il
Hawaii was big thing; men interest
,ro ed in sugar had more money than the
knew what to do with and this coun
IN try was on the crest of a fnancia
me wave of prosperity. Makaweli. IA
VS. huku and EVA plantations were start
TO, ed so that men could get rid of thei
ere surplus cash. President Dole wa
ell then an associate justice of the 81
the preme court at salary that did nc
an trouble him to get rid of. Nor was
ing large enough to permit him to becom
me a sugar baron.
ted about this time there was a BOOB
in Southern California and a grea
ac- many people here were carried ava
Lii with the prospects of becoming, ric
the through the probable rise in real es
,te. tate there; thousands of dollars the
the came to Honolulu men through suga
ent investments went into land over Their
md Mr. Dole was not one of the lucky me
ion who grew suddenly oppulent throug
sugar, but he was human in his wis
of to get in on the ground floor in Cal
No fornia land. The Presidents brothe
nc George, resident of Riverside, got
An on the boom and held his land.
~ 1891, the President bought a sma
-, orange grove near Riverside and h;
held it ever since That is the extel
of the Presidents investments in Il
ono Unitsi States.
Ao I'm addition to President Dole's e,
penses, which are large, and do n
u leave much of surplus for any kir
DC of investments, he has for years bee
ave assisting his brother at Riverside
vi the education of his large family
eni- children. The president has no childr'
OF ant it has been a pleasure to him
assist his brother in this way. Outsi
1ers of this expenditure and the conduct
ovei the orange grove which he bought
alei, 1891 he has no investments outside
Oh the Hawaiian Islands.
heir "If he had put his money there
and those days, when things were prospe
big Gus and he had followed in the fo'
lies, steps of ten out of every eleven m
rave who invested their money there.
and would probably be using every doll
men above what he uses for living expen.
the in the payment of his debts.
boys IF the President has money
we're burn there are opportunities for b
we're. to invest it here. One of the gent
they men who invested in California la
,ugh to the extent Of nearly hundred tho
lie Of sand dollars in 1889, told me the oil
TX. ! day that he would sell out at fifty cel