The Hawaiian gazette., 1901-05-07
HAWAIIAN
INVESTMENT


from the Mainland, arriving Friday
night. was Mr.. CLIFFORD kimball. n
prominent business man OF Boston.
and formerly associated with the Fay
cite shaw Leather Company. OF that
city. the immense concern which has
been fighting the leather trust for so
long. and which recently yielded and
sold out to the leather trust.
Mr.. Kimball intends locating In Ho-
rolulu, though he denies the rumor
that he has come TO the Islands for
the purpose OF learning the advIsnb
ity OF establishing a boot and shoe fac
tory 10 compete with the company or
gauized some months ago by Mr.. Hill
in which company local capitalists are
interested
On Saturday morning Mr.. kimb9ll
was interviewed by representative or
the Advertiser in regard to the COM
mcrCial situation in the eastern STATES
and the attitude of eastern capital in
regard to Hawaiian Investments
First and primarily" said he. the
eastern States are oVercrOWded; the
great financial and educational Centers
are in New England, and it has been
50 for so long that there Is very little
opportunity for the establishment OF
business, and all the professions are
oVercrowded by the outpour of the col
eges. There is vast amount of cap
} ital in the eastern States seeking fair
investment, and it cannot be said that
there is any dearth of capital any
where in the east; capital is cheap
| there; capitalists are seeking opportu-
nifty in Investment all the time, but
they seem to have a natural diStruSt
of Investing outside the old limits-the
money having been made by their
fathers right there in New England.
However, outside opportunities are be-
ing taken more notice of recently, as
Witnessed by the vast amount of east
l p1 N ga "a
oil fields, and a great deal of this,
dare say, will never go back again,
just as the millions of capital that
went to the Klondyke, there to be
frozen. l think that there are very
few in the east who at all appreciate
| the opportunities of investment here
/ in the Islands, nor or there many who
know anything about the Philippines.
BY natural situation Porto Rico and
/ Cuba are more closely in touch with
/ the eastern States, and the capitalists
look to those islands for investment by
! reason of their proximity; the sugar
industry of Hawaii which seems
vast item in the west, is regarded as
very insignificant in the east, and
doubt not that there are many in COM
meTcial circles there who do not even
know that sugar cane grows in the
| Hawaiian Islands. l think that as
soon as the opportunities for invest
ment in Hawaii come before the notice
of eastern capitalists, they Will GER
| tainly be taken advantage of; this
must be soon, as also with the Philip
pine opportunities, because the search
ty of opportunity for investment In the
! east will force capitalists to widen
| their Investigations.
| Heretofore, the capitalists who have
sought investment in localities far re-
moved from the great centers, nave
been of the venturouS type, and their
investment has been spasmodic and
uncertain-I might say, not of the
higher class. l think great opportuni-
ties, however, are opening, and east
ern capital is not only willing, but
anxious, to take advantage. Particu-
| larly is this so with the smaller capi-
talists, outside the great combines. The
that there is nothing left undone that
can be done in the way of business
pursuits, and it is so crowded that
there is no room for further competi-
ton. Thus it is that the smaller capi-
| talists must seek investment else
J where, or simply be swallowed up by
the great associations, accepting indif-
ferent returns. BY the smaller capi-
| talists L mean those whose capital is
rendered insignificant in comparison
with that of great combines and null
-millionaires
1.-The present marked tendency TO-
wards the formations of trusts, and
trusts within trusts, is making the
matter more pronounced every day,
and the vast control exercised over all
industries by the combines, leaves no
alternative for the small capitalist eX
cept to seek new fields.
| so far as l am able to judge. I
think that Hawaii has great opporturi-
ties for such capitalists, although l al
ready perceive that the field Is well
covered in many lines of business, ana
one must rather associate with than
oppose the established industries here.
II think there Is a great chance for
advancement in Honolulu, commercial
ly speaking. Everything is - pri-
mary here, and there is great opportu-
nifty for progress in business lines.
Perhaps this seems more so to me,
coming, as l do, from the great, teem-
ing centers of finance and commerce.
By contrast, Honolulu's business world
appears primary, and as l said, there
is a great chance for advancement"
I'm regard to the proposed boot ana
shoe factory to be established in Ho-
nolulu, / do not think 1t can succeed.
1t is too far from the base of supplies.
The raw material would have to be INT
ported, and all machinery would have
to be brought, also, from the east. I
think that factory in Honolulu would
! find 1t very hard to compete with Bos-
ton manufacturers In the boot and shoe
business"
When asked his opinion as to the
present labor situation, and the wide
spread frequency of strikes, Mr.. KIM
ball said that the labor situation was
much as ii ever was, and ever Will be.
1T must always be strife between
labor and capital" said he, "and if at
times the strife is more pronounced, 1t
subsidies again. The policy of labor
unions seems not to be very effective.
Though in some instances labor unions
accomplish their object, in the greater
portion, they are powerless because
they will not hold together. / think
the tendency, as whole, however Is
towards harmonious relations between
labor and capital. They are dependent
upon each other. and It is to the best
interests of both that there should be
I harmony"
| Referring again to the Hawaiian
commercial situation, Mr.. Kimball said
In conclusion that the advent OF the
Pacific cable would entirely change the
situation. "In that" said he. rs the
greatest hope OF the Islands Without