The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1903-10-27
PROSPERITY AND THE ELECTION.

The most signal proof Of increasing
confidence in the future OF this Ter
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 BUSH
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 othep indications
of turn in the local tide. The sugar
crop has proved satisfactory. Many
new enterprises are started, and III
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 enlarging
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 distrust which
was so plainly manifested year ago.
The Promotion Committee, aided by
other local bodies, has done excellent
work towards securing a 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 identif-
cation with American communities. If
this fact be not assured, the advancing
waves of prosperity will soon recede.
The election, so close at hand, Is polit-
ically unimportant, but 1t 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
fiuence 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
ed as an effort at insulation, at
complete separation from the mass of
the people throughout the United
States. 1t is neither Democratic nor
Republican, and depends for its success
upon an anti-American policy, methods
and aims, upon false and exaggerated
idea of local independence, which prac-
tically stands for the defunct monarchy
and republic. 1t is a 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 its dead leader, while
1t 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, IL perpetuated,
would bankrupt Golconda.