The Hawaiian gazette., 1905-01-31


stated on the street that, while there
will certainly be an amalgamation for
operating the business of the two COM
panies, 1t Is highly probable that the
ultimate contamination OF the merger
will be effected through the purchase
by the Inter-Island Co of the Wild
er's property. There Is some idle talk
about interference with the scheme I'M
der Federal law. 1t Is certain that
nothing will be done in the matter
which can conflict with either Federal
or Territorial law.
The Rapid Transit Co., has held its
annual meeting, when reports were
presented showing that Its affairs are
in fine condition. More than half a
million passengers a month were car
ried last year and goodly net profit
was exhibited. The Auditors report OF
the Territorial treasury for December
showed receipts of s149,S79.66 against
$247, 607.26 for Dec. 1903. The expendi-
lures were $271 ,64707 against 1886, 49,
80 the corresponding month of 1908.
Loan fund expenditure for the month
was $l34 ,26S.S3. and there was just $76,-
326.22 left of the first million of the
Public improvements Loan. The cur
rent cash balance was $14,892.15,
against s6s.592.O3 Dec. 81, 1903. Treas
ury warrants will have TO be register
ed next month. Dillon & Hubbard, the
financial counsel of the Territory in
New York, have rendered an opinion
that the bonds of Hawaii are not taxa
BILE in any State or Territory.
/ tn I,o tayyI
from wrong information regarding the
sale of lease of $4,000 acres of graz
ing land on Hawaii. A. NJ. Brown, who
bought it at $3.50 a year, was no,
acting for A. W. Carter. The Bank OF
Hawaii has acquired $275,000 of Waia-
lua bonds and holds them for sale to
customers at 101 ga. 1t is learned that
the steamer Enterprise of the Matson
Navigation Co. will not come to Homo
lulu again for Honolulu Plantation
Co.'S refined sugar but that the COM
modify will be shipped to San Fran
cisco by the steamers of the Oceanic
Steamship Co. The Inter-Island Tele-
graph Co. (wireless) reports that 1t
transmitted about 100000 words last
year, but would have had monthly
deficit of $500 except for the Govern
ment subsidy. John Cassidy, electrI-
clan, favors public ownership and an
automatic system of telephones for
Honolulu and the island of Oahu.
, Land Commissioner Pratt reports
, that eight of the 20 homestead lots of
. Pupukea and Paumalu, oahu. have
been taken up by bona fide settlers.
Delegate Kuhio cables that the Rivers
: and Harbors bill, as reported to the
House, contains 100000 for Honolulu
. and an item for the survey of Hilo
, harbor. Articles of incorporation OF
= the Nahiku Rubber Co, the first COM
D pany to operate rubber plantation on
, American soil, have been filed. It IL
. authoritatively denied that the direc-
I tors of Waialua Agricultural Co. have
0 ever considered increasing its capital
n stock to five million dollars by the is
sue of 100000 new stock. The proper
q ty of the Moana Hotel Co. was bought
v at foreclosure sale for $4,000 by II. e
: Cooper, representing the bondholders
= W. C. Peacock, who holds $4,000 of the
g 100000 bond issue, Is now conducting
d the hotel
8 Jas. F. Morgan will sell under fore
. closure on Wednesday next a lot will
'. building at Queen and Ward streets
g Kewalo. On Saturday he will sell tn
p Pacific Heights electric railway plant
d also the Progress block at Fort an
lie Beretania streets-one Of Honolulu
/ modern buildings Lands at Honua
lie kaha and Waikiki road will be sold tn
= same day. The Fisher Ables Co., Ltd
l. report an active business in rentin
l. houses the past week. The deman
$. shows Makiki preferred. The Amer
Y. lean Brokerage Co., Ltd, has yer
commodious quarters on King, nea
c. Nuuanu street, for its real estate, in
v surance and commission business