The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1902-08-04

less a sum than $1O5,OOOOOO. Mr.. Aus
Tin, chief of the Bureau of Statistics,
shows that this has no bearing upon
the future commerce of TIE United
States, and also calls attention to the
immense importance of the corn crop
in the economic advancement Of the
Republic.
The corn crop is the chief reliance Of
the farmers for preparing their live
stock for market. OF this the United
states exports annually 100000 900 in
the form of provisions and live animals.
In addition to this there has been eX-
ported $lOO.OOO,OOO of surplus corn and
oats left over after feeding the live
stock of the country. The reduction Of
the corn crop by the drought of course
reduced almost to nothing the surplus
corn that could be spared, and also
caused the use at home of much larg-
er share of the oats, and so reduced the
available surplus of that class of farm
products.
The result has been that the eXporta-
ton of corn fell from 177OOO,OOO bushels
for the fiscal year to 27,OOOOOO bushels,
an enormous decrease, and the oats fell
from 37,OOOO 600 bushels to 100000. The
drop in the value of corn and corn meal
and oats and oatmeal has been over
$75 100000
The other agricultural item which suf-
fered decrease was cotton. During
the previous year the price Of cotton
had been phenomenal, averaging nine
and one half cents a pound while that
of this year was eight and one-fourth
cents a pound. The value of the cot
ton crop exported this year was $4,000
600 below what it was the previous year
though the quantity exported was 16O,-
100000 pounds greater.
Thus in the one case the climatic con-
ditions being unfavorable, there was
though climatic conditions were favor
able and there was an abundant crop
for export like condition occurred and
a loss was also suffered.
The Bureau of Statistics with its fire.
quent, straight forward and able re-
ports show the country the reasons for
depression which used formerly to be
known only to a few scientific econo-
mists. The immense advances in edu-
cation render the people ready to con-
slider and value the reasons advanced,
and the consequence is that periods of
depression, do not spread that universal
feeling of uncertainty which used to
obtain which used to obtain, and people
do not look upon a period of depression
as a period to be followed by utter an
Inhalation. This depression will right
itself, it is only the result Of atmos-
pheric causes or of economic causes,
and things will come right if people
will only be patient, be industrious and
wait.
We should apply this reasoning to
our own condition. We have had de-
preston from economic causes not from
atmospheric causes. They will be
overcome as similar causes have been
overcome elsewhere. We are not the
W
has fallen, and then has held up for a
While. In our sugar ventures nearly
every one of which is good and sound
we have swung from one extreme to an
other We used to under capitalize our
plantations. We have somewhat over
capitalized the newer plantations. The
land is there the most fertile and pro-
life upon the face of the earth, the
water is there and the yield of cane is
there. The golden rain will return,
never doubt it, but it does not come as
quickly as we would wish,
We want our depression to clear
away like early drew under the sun
shine. We cannot expect miracles any
more than the FARMERS on the main
land expect miracles Like them we
shall have to be patient, be Industrious
which we are, be frugal which we are
not, and wait.