The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-09-08
Mr.DiIIinghamHas
Some Things
to Say.
I FINANCIERS HERE
TO LOOK AROUND
The Condition OF the OIaa Invest
rnsnt All That Could bs
Desired.

San Francisco people are looking to
Hawaii expectantly, the highly colored
reports of the conditions here which are
brought up by tourists and by our own
people being the only things which
cause any feeling. Men of affairs there
realize just what are the conditions
here and they are not apprehensive but
en- the contrary believe in the future of
the islands and our industries" Thus
MIR. B. F. Dillingham;, who, with his
family, returned Saturday after what
he terms his summer vacation on the
coast. This is the third consecutive
summer which he has spent there, and
as usual it has been productive of good
for the islands.
AS to my work there, it might be
summarized in the statement that on
the more than 10000 shares of assessa-
bic stock of the Olaa plantation owned
and controlled by myself and the Dill
lingham company, the assessments
called to make the stock paid UP have
all been paid and the stock is clear. We
did not await the date for the payment,
but anticipated it, and this makes near
ly three-fourths of that stock now fully
paid up. This shows the feeling that
exists there as to our stocks and now
that we have the cable assured there is
10 reason why we should not attract
even great investments of mainland
capital.
II do not think everyone here knows
just how great has been the handicap
under which we have been working in
the matter of the lack of a cable. One
man to whom went three years ago,
who could have financed all of the en-
terprises which have been promoted in
San Francisco, absolutely refused to
invest dollar here and the only reason
he gave was the lack of communication.
This is all passing and the knowledge
that the cable is made has had a good
effect upon the people there.
THE general opinion is that there
win be called an extra session of the
Senate for the purpose of considering
the matter of Cuban reciprocity. The
consensus too seems to be that some
slight concession will be made. The
Cubans will ask for 80 per cent advan-
tage, but it is hardly likely that the re-
duction of the tariff will be more than
one-half that figure. 1 am not sure
that it would not be good thing if it
We're given. There is some talk of an
nexation if there is no tariff concession,
apd +ba difforapoa of opiniop ic N, q rkad
81 contend that the present period of
depression in the price of sugar cannot
last, and that it is just the same as
comes in other staples at times. There
must come period when the price will
regain its old basis, for with the pros
pect of the cutting off of the bounty
there win be reduced acreage in Ger
many and the other beet-producing
countries. That has governed the price
of sugar in the past. Now the govern
ments have agreed to cut off tne boun-
ty, and they face serious condition
if they refuse. England and the United
States will certainly put on counter
vailing duty of the same amount if the
agreement is not kept, and the outlook
therefore is for the carrying out of the
plan.
''As showing the interest in Hawaii
the visit of the officials of Rollins &
Company is significant. L have long
tried to induce Mr.. Bachelor, vice pres
ident of the house and its head in San
Francisco, to come down here and look
into financial matters. He has now
made the trip and with him are Mr..
Seavey, a director and connected with
the Boston office, and Mr. Taylor, who
has been here before, and who is a di-
rector and manager at Denver. They
will investigate the various properties
and securities, and their visit promises +,
to be of Importance.
Il can see no reason why the situa-
tion is not fun of promise and believe
thoroughly in the capacity of the is
lands to make sugar all the time and
under all conditions