The Independent. [volume] (Honolulu, H.I.) 1895-1905, 1897-09-15
WHY AMERICA WANTS HAWAII
The "rrue Inwardness" of the Move
ment.

From an American Correspondent
WASHINGTON, d. c., July 21,-If
England would read a bit between
the lines of this Japo-Spanish
canard they would see in the story
merely bit Of clever, il not over re-
putable International stock jobbing.
1t may be put down as fact that
Hawaii is going to be annexed by
the United States, and for the
reasons that follow.
Hawaii has an outstanding debt OF
some 4,000,000dols., represented by
bonds at present worth thirty cents
on dollar. II she were absorbed
by the United States aud this debt
assumed, those bonds would at once
go to the par or beyond. Despite
the alleged bankruptcy OF the United
States her last issue OF gold bonds,
criminal issue that should have re-
suited in the impeachment Of the
executive, was absorbed more than
readily at lib and fraction. So it
is safe to assume that Hawaiian
bonds will be worth hundred
cents on the dollar latter anuexa-
tion.) Now, it happens that
THE BULK OF THESE BONDS
are held by coterie of our far
seeing old senators up on Capitol
Hill.
But further than the bond bust
ness, which is only small matter of
100000, the Sugar Trust will soon
want the annexation of Hawaii, and
what the Sugar Trust wants it usual
ly gets. Claus Spreckels, the Sugar
King Of the Pacific Coast, and for
many years the only rival of the
Trust, has had an option for term
of years on the Hawaiian sugar crop.
He had also the benefit of the reci-
procity clause OF the Hawaiian
treaty, which brought his raw sugar
at encouragingly low figures as to
tariff. But his option is due to run
out in few months, and there has
been strong cry in Congress
against the renewal of the recipro-
city clause in the Hawaiian treaty,
this clause being one of the essen
tial features Of the present Tariff
Biz The Sugar Trust is ready to
enter the lists with Spreckels, If
need be, and bid doughtily for the
next option on the Hawaiian crop,
but naturally it
DOES NOT WANT TO PAY DUTY
on Hawaiian sugar. What is simpler
then than anne1ipg Hawaii OF
course the Sugar Trust wants it, and
we usually give the Trust what it
wants.
More than this, the Standard Oil
Company, which is the only institu-
tion in this country richer than the
Sugar Trust, has of late been making
stealthy moves in Wall street which
forbode an amalgamation of oil and
sugar interests. This adds another
raason why American ''people" will
be strongly in favor OF anne1ing the
pearl OF the Pacific. Still, there
will be some opposition in the
Senate, and in the House OF Repre-
sentatives as we'll, against annex
alton. 1t will come from those
members not closely enough identi-
fed with either the bond, oil, or
sugar contingent to reap any parti-
cular benefit from the transaction.
This opposition may be strong
enough to prove annoying, if moth
ing more, and as popular interest in
the annexation scheme il really very
slight, there must be something to
give it impetus.
Now, anyone who knows the
American people knows that moth
ing serves to make them 80 unani-
mously in favor of any course or po-
Icy as the suggestion OF
A THREAT FROM AN OUTSIDE NATION