The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-05-29
MONEY FOR
HAWA||ANS
Capital Ready TO
Take Good
Bonds.
OIL TRAFFIC IS
TO BE PUSHED
W. G. Irwin Says San Francisco is
Now Booming Prospects
for Business Here.

William G. Irwin. Mrs. Irwin and
Miss Irwin returned to Honolulu yes
terday. after their winter spent in San
francisco. where they opened their new
mansion and entertained literally d:Ir-
| ing the season. All are in excellent
health and IL is their plan to spend the
remainder OF the year here.
Mr.. Irwin said yesterday that in San
Francisco everything was in the most
excellent condition. Continuing. he re-
marked: "All kinds of business flour
ish- There Is always a city full
of people. and so great has been the
demand upon the hotels for space that
there are now two hotels under con-
struction which Will be OF the greatest
In the city. The Fair Hotel on the
hill will be a wonderful thing. costing
above two millions. The Crocker estate.
! which is constructing a hotel in Geary
street. on the Square. has completed
purchases until now IL owns all the
frontage OF the block below Powell
street. except one corner. n small shack.
I'm the general run OF business Ha-
waiians are coming out we'll. when the
quality OF the security warrants IL. 1
had no trouble In placing sT50.000 OF
Makaweli bonds. The estate is known
and the financial people are always
willing TO help out. i believe the same
Is true as regards each OF the good
plantations and that there Is plenty OF
money in San Francisco for the use and
assistance of the business men here.
OF course stocks have been very low
and the San Francisco traders have
been bit rather hard by the hurries OF
stocks within the past year or two.
The price OF sugar is so low that 1t is
not to be expected that there would be
any racing for stocks here.
1.-The outlook is very good and the
financial institutions OF San Francisco
may be expected to do all they can 10
| help the Territory out in the matter
| OF the financing OF our enterprises.
Sugar will not always be At such a low
| figure and the returns will again be
substantial.
I'VE are now making arrangements
| for the shipment of oil for fuel here
and only a short time will elapse be-
| fore this is done. The Marion Chilcoot
| is now being transformed into an oil
carrier. and we will have work upon
another ship begun at once. Also we
will take up the putting in of a pipe
line and the building Of tanks. L have
| concluded a contract with the Oahu
plantation for the serving of oil TO that
| estate, as soon as we can get 1t here.
In addition we will use the fuel in the
| Honolulu plantation and also on the
| ships of the Oceanic line here. The
Mariposa is being altered and the Ala
| media will soon be changed. This will
give them greater carrying capacity
ana will make their operation in every
way more economical.
while our contracts have been made
upon private terms, l can say that the
| introduction of oil as fuel will cut the
average price of coal in half. which will
| be OF the greatest benefit otthe share
| holders of the plantations. We shall
reach out for more business in the line
all the time ana we expect that there
Will be many changes from coal 10
oil"