The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-05-21
SECTION THREE.

Honolulu. May 10.

HOuoiulu- May ~
THE Hawaiian islands are just get
ting over a bad case Of black eye
After annexation they had d real
western boom out here. They tried, in
true city-made- whiIc-you- wait style, to
make a Chicago out Of Honolulu, and,
as is usual in such cases, strained
themselves in the attempt. IT is the
same old story OF riding the wave too
high. with the usual long wait for the
sails 10 fill. Many Of the d.sconsolate
ones are stH wailing and waiting for
wind. but the plucky ones have got out
their oars and are using their muscle.
It seems d pity that people viii never
learn the way of the boom and the
lesson of the bursted bubble. It is too
bad that the fair face of development
should SO frequently be disfisured by
the ugly scars that result from these
descriptions of ovcr-cunndencc. There
is really nothing unusual about the sit
UatiOu here II is easily diagnosed ds
commercial CONFUSION of the reEUla-
tiou order. Our western towns have
had them. one after the other, just like
children take the measles OF the Whopp-
ing cough
Sugar the Patron Saint.
To seems that the root Of all the evil
has been too much sugar The sweet
staple Is TO Hawaii what coal Is to
Pennsylvania OF lumber is to Wash
iu-tou- After annexation prices were
good and tHc islanders went sugar
mad Inside of eighteen months they
raised StooUHnGo for plantation invest
mcut-S $40 u"H.uH0 from community
where there are less than $3.50 white
people Where Is the town IN the
United States. OF i'm the world for that
matter that can equal such d record
Men. women and children took stock
To the limit of their means and credit
The game was played by all hands TO
a standstiU Sugar was the patron
saint of the whole population. Then
prices fell and Honolulu went into
mourning
Ii there Is anything which Is morally
certain. it Is that the price of sugar
viii HUctUatc- It's rise and fall is as
sure as the coming of the wet and dry
seasons but for all this the spectators
went at il blind. and the limb broke
under hundreds of them Six Of the
big companies failed and their stocks
went by the board with a crash The
rest have Weathcrcd the storm, and
the tardy advance I'm prices is bringing
them slowly back TO the dividend-pay-
i1g basis Although Honolulu has
been hard hit. I DO not know of an
other place in the world that. under
similar circumstances. would have met
The decline so bTavely. or got off so
easily.
Hotels at Sheriffs Sale.
III addition To- the low price of sugar
several other things have concUrred to
ma Ike the SituatiO worse. The tourist
trade was just arriving at good pro
portions when the plague broke out,
and the easy-Eoing. fTee-Spa uding
American rover checked his baggage
through and took his coveted dollars
elsewhere For time the through
liners to the Ori-ut would not even
send a small boat ashore i'm Honolulu.
This OF course. deprived the place of
much revenue The beautiful MOana
hotel where Mrs Stanford died re-
c-Htly. was opened i'm the face of all
this, and IL had To run with empty
rooms 50 long that il is now i'm the
hands of q receiver The rare old ROYAL
Hawaiian hotel. which was so prosper
Gus i'm the days Of the monarchy. has
just been sold at sheriffs sale for the
same reason The Alexander Young
hotel, which is doubtless the most re-
maUkahlc structure ever built in an
out Of the way locality like this is
having d lively tUssIc with the newt
able
Mr.. Alexander Young is one Of the
islands richest sugar planters. At a
cost of over a million dollars ne has
q modern siN-story Hreproof hotel Be