The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-10-27
PROSPERITY AND THE ELECTION.

The most signal proof of increasing
ritory is the late action of the Treas
ury Department, in ranking Hawaiian
bonds, to the extent of ninety per cent
of their face value, with Federal bonds,
as security for banking operations.
The Treasury Department is neces-
sarily unaffected by politics, and its
operations are strictly held within bust
ness lines. Its endorsement, therefore,
of the Hawaiian loan is convincing
evidence of Territorial solvency and
credit, and evinces practical faith in
reviving prosperity as the result of an
nexation and improving conditions.
There are numerous other indications
of a turn in the local tide. The sugar
crop has proved satisfactory. Many
new enterprises are started, and in
some of them rapid progress is being
already made. The erection of sub
stantial buildings shows confidence in
real estate investments. The extension
Of street railroads, in several direc-
tons, to the suburbs of Honolulu cor
responds to an increasing demand for
such facilities and implies an charging
population. All branches Of Industry
are becoming more active. Heavy
firms in San Francisco and in other
large cities of the Union have estab-
lished and are establishing connecting
agencies in Honolulu. Capitalists in
different States and in foreign countries
appear to have lost the dfstrust which
was so plainly manifested year ago.
The Promotion Committee, aided by
other local bodies. has done excellent
work towards securing large share
of the tourist travel during the coming
winter. Eastern and Western maya
zines and newspapers are specializing
the opportunities for recreation and
enjoyment that the Hawaiian Islands
offered. and do not ignore statistics of
our productions and suggestions of per-
manent settlement upon unoccupied
lands. The railroad and steamship
companies are cooperating heartily
with these different movements for the
spread of information and for the at
traction of visitors to our shores. The
local hotels have adopted schedules that
insure comfort, without any necessary
extravaganza.
The immediate outlook is brighter |
than it has been for years. The foun- |
dation, however, of all our prospects |
that are worth having, is our identif1- |
cation with American communities. If |
waves of prosperity will soon recede. |
The election, SO close at hand. is polit-
ically unimportant, but it is of material |
and vital consequence to the Territory |
itself. The Federal Administration and |
the Republican party do not specially |
need Hawaii, which cannot seriously in
f1uence the Presidential choice of next |
year, but Hawaii needs them. The |
spurious Home Rule of these Islands. |
on the mainland stands for no recog- |
nized interests. 1t is generally regard |
complete separation from the mass Of |
the people throughout the United |
States. 1t is neither Democratic nor |
Republican and depends for it's success |
upon an anti-American policy, methods |
and aims, upon a false and exaggerated |
idea of local independence, which prac- |
tically stands for the defunct monarchy |
and republic. It is deliberate attempt |
to sacrifice territorial interests for the |
loaves and fishes, which are small in |
themselves and will not be expanded by |
any American miracle.
The. success of the Home Rulers, of
the stripe now in control Of the or
ganization, which was not even true to
the memory of it's dead leader, while
it would probably be followed by Con-
gressional restriction of the suffrage,
would also hit prosperity in its tender
est spot, and should be sternly resisted
by all voters, without distinction of
party, who are true to the country and
the flag and also DESTROYS of promot-
ing our solid interests. We need the
minimum of laziness and tax-eating
and the maximum of energy and ac-
emulation. The policy of our sus-
pended legislature, if perpetuated,
would bankrupt Golconda.
f--