Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1897-04-09
DEFENSE OF RECIPROCITY
nv A FINANCIAL JOURNAL OF
SAN FRANCISCO.
shows Absurdity OF Opposition ON
Behalf Of the California Rect
sugar Industry.

|
ancial Letter of March 26 contain
the two following paragraphs:
! Gan important article is print
ed in another column upon mat
ters referring to the Hawaiian
Islands and the Reciprocity Trea
ty. Perusal ought to convinc,
San Francisco commercial men
that any abrogation of the treaty
| would result in curtailipg bust
ness in all branches to disastrous
extent"
Sugar stocks that advanced
during the early part of the week
declined at the close, owing to the
unsettled feeling that prevailed
relative to the Tariff Bill as well
rs the rumors that some attempts
might be made in Congress to alb
rogate the Reciprocity Treaty with
Hawaii. This latter idea is re-
garded as being extremely prejud-
icial to our interest, and will meet
with every possible opposition
from all having interests in the
trade with the Hawaiian Repub-
lie"
From the "important article"
referred to in the foregoing, the
following extracts are taken:
"Ihe product of the Islands,
first rate sugar, produced by the
investment of capital supplied by
citizens of the United States, is
transported to Atlantic ports upon
American owned vessels when
available, sold to American citi.
zens for the purpose of refining,
enters into competition with the
millions of tons of beet sugars
dumped into the United States
from German and French facto.
ries; but in no wise completes with
the cane sugar produced in the
Southern States of the Union:
and these offenses constitute
reasons why in the opinion of the
opponents of the Reciprocity
Treaty the same should be
abrogated.
considering the point, that the
continuance of the Treaty will be
inimical to the beet sugar interest
Df the United States, it is we'll
known that refineries of beet
sugar are at the present time in
course of erection at Salinas.
II Los Angeles county, !
md in both Western and !
Eastern States, establishments
hat will cost many millions of |
dollars, and if the owners of these |
arge refineries had the least fear
hat the Hawaiian sugar would |
Interfere with their business, it is
cry safe to assert that the ex-
would never have been
made.
"The stern and we'll known fact
5, that, even if there was large
Increase OF beet sugar factories in
be United States producing
ugar, and the Hawaiian Islands
PRODUCED greater output of cane
ugar than at present, the quanti-
would not suffice to supply the
eeds and demands Of the people
[ this Republic. In fact the
otal production of the beet sugar
4 the United States, and cane
lgar from Hawaii would not sup.
ly within eight per cent of the
9nsumption."
"The merchants and manu-
lcturers of the Pacific Coast are
eeply interested in the future
ade of the Hawaiian Islands,
ld while anxious to aid and sus-
in any project that will tend to 1
svelop the beet sugar industry,
ley cannot be oblivious that any
tempt to abrogate the Recipro-
ty treaty with the Hawaiian Re
lblic would mean loss of a
Try large percentage of the ex- {
usive trade now enjoyed by
msrican citizens, who have in
'sted in the Hawaiian Islands {
pital that exceeds tenfold that s
aced in beet sugar producing
ants"
The Financial Letter copies an s
lnexation article from Il Los
ngeles paper, giving credit {
ereto, which proves to be part {
an editorial that originally ap- :
jared in the EVENING BULLETIN.
In tle British NnSauno fhara 10