The San Francisco call., 1898-06-30
ACTION OF HOUSE KNOWN
IT HAS CAUSED A BIG JUMP
 IN SUGAR STOCKS.
People of Honolulu Preparing to Welcome the Second Expedition on the Way to the Philip
 pines.
Special Correspondence of The Call.


 HONOLULU, June 22.-Flying the prearranged signals in reference to an- nexation the steamship Moana with bunting galore was sighted shortly after daylight this morning. When she doQked at : o'clock there was quite large crowd gathered to greet her, but there was no demonstration and not even a lonesome cheer, except in the imagination of those not present. A sudden change in the weather brought on a heavy rainstorm, and the people became glum instead of joyful, self contained and repressing all emotion.
 Nothing decided. we must wait for the Belgic on Saturday" was the gen. eral refrain. The anxiety and sus- pense is sorely trying, for our wishes are the blind leaders of our opinions. President Dole announces his hope and belief that the Senate followed the lead of the House and passed the Newlands resolution by approximately large majority. American Minister Sewall anticipates delay and debate. Private advices diametrically differ, and all the community can do is to patiently wait.
 The general impression is, however, that we are already annexed, and 1t IS curious to note how many there are who clamored for annexation three years ago who now fervently pray that the Senate may defeat the resolution There are many others who view the situation with content as means or forcing out of future office the lncum- bents.
 One of the leaders of annexation said this morning: we must now organ ize to drive these people from power and forever. Without annexation we never could throttle them; with annexation we can destroy them.'
 It is understood that the Legislature will now set to work in earnest to clean LID it's business and adjourn, to De again summoned in special session to vote upon the joint resolution when 1t Is received from the United States. There will be no great difficulty in ob- tainiRg it's passage, although it is Whls- pered that there will be some opposition if certain arrangements can be mace politically.
 The Hawaiians, especially the women, are very Respondent at the news. but there is not the slightest fear of any disturbance. Annexation Will De accepted as a matter of course, with the reservation that vengeance will be excCted politically whenever the orpof- tunity offers. for there Is the bitterness of death in the souls of the people.
 News has been received here that Oueen Tiliuokalani proposes to return to Hawaii via San Francesca next month.
 The transports of the second Manila expedition have not yet been sighted, but we are expecting them hourly. The executive committee of reception met this afternoon and completed all details for entertaining the soldiers. IT agree able to their commander they will be divided into two divisions approXimat- ing 5000 each and fed" at noon on Fri day and Saturday.
 While Hawaiians are awaiting an nexation news they are indulging in unprecedented sugar stock gambling and heavy betting on results by the next steamer. Without entering into professional details of how much paid nm" etc. let it be understood that the excitement is intense and that stock or $100 par value is at $350, with an intima- ton that 1t will reach $500, if the news Is favorable. Honokaa. Pioneer, Maka- well. in fact all the gilt edged planta- tions paying their 50 to so per cent divi- dends. more or less, are keeping pace and those who were on the inside are coining money. The stocks are worth the money paid for them and more, for production of sugar, under present con- ditions, is proof of their value. But why InlS SuQueH SpuIl III pilCco
 The reasons are in the main political, and in a word the annexationists, hav- ing duped the United States, are now reaping their reward before their du- plicity is discovered, knowing that the deed that they may have caused to be done, if done, cannot be undone
 President Dole has materially assist ed in the deal by allowing it to be pub licly known that he has every faith ir the accomplishment of annexation within the next three weeks, that is tC say within the term of the present ex- tra session of the Legislature, although he admits that there may possibly be delay and disappointment. The Legis- lature has aided and abetted by its action on two most important bills ir connection with which faith has beer broken with the United States, the labor contract repeal and the Chinese restriction bills. HORACE WRIGHT.