The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1906-04-19
A GRlST or
LOCAL OPINIONS

The relations between the two places
are so close that it would appear that
the disaster must reflect in all of its
intensity upon trade here. 1t is fact
that there are many thousand dollars
here that have been invested by main
siding on the Coast In many in
stances the money is loaned by COR
porations that are abundantly able to
carry the amounts; if there is any
called it will be by individuals who will
naturally want to invest in other Sc
curities which may be better. AS TO
the general business it is fortunate
that there are goods of all descrip-
lions on the way so that in the i'm
mediate future there will be no serious
results. Among the business people
there are conflicting opinions.
George w. Smith of Benson, Smith
& Co. was seen by a reporter for this
paper yesterday afternoon. As the
president of the Merchants Associa-
ton he has been deeply concerned in
getting at the facts as far as they
have been communicated to Honolulu.
He believes the effect will be serious
for the reason that the people here de-
pend to such great extent upon san
Francisco for most of the supplies ar
irving here. Until we have more
definite news we can not tell exactly
how far this thing will go; with the
business section of San Francisco
under water it will be a hard matter
to say what the result will be. We
may not feel it immediately, but it will
come later on. felt that it would be
a good thing to hold the Alameda for
thirty hours for business reasons and
there are people here with relatives in
San Francisco and who intend to leave
on her to ascertain their condition. By
holding the steamer they may hear
news that will obviate the necessity
for their going away. 1 had no diff
Guilty in securing signatures to "a pc
tition to that effect and with that L
sent a request to Messrs w. G. Irwin
& Co. which they promptly complied
with. The sailing of the steamer was
postponed until nine o'clock Thursday
morning"
Prof. NJ. NJ Scott said in answer to
a question that he believed the con-
ditions worse than had been reported.
The fact that New York could not get
in communication with Oakland was
ominous.
w. H. Smith of the Manufacturers
Shoe Company believe the. mer-
chants here are welL supplied with
goods and there will be no Immediate
effect of the disaster. We have our
goods from the East and will not be
disturbed. ! think you will find that
the Nebraskan, which is due here on
Friday, will bring lot of supplies,
and if the damage to the shipping is
more serious than has been reported
we still have Seattle to depend upon. :"
E. III. Paris, secretary of E. o. Hall
and Son, Ltd.-'It can not be told what
it will result in until we have estab-
lished cable communication with San
Francisco. The fact that New York
could not get Oakland does not, in my
opinion, signify anything, it does not
mean that Oakland is affected more
than that perhaps the ferry is not run
ming and there was no way of getting
the message through to the operators
there. We people depend upon San
Francisco for supplies to such an ex-
tent that we must feel it sooner or
later. It looks serious to me, but we
will wait and hear in the morning.
There were two thousand cable mes
sages in the office here this afternoon
sent, I believe, before we can hear from
there
Alexander Garvie of the firm OF
Bishop and Co., bankers, Is fearful of
the result. Money will tighten up"
he said, and the people are going to
feel it more or less. 1 hate to think
of it; there is a lot of San Francisco
money here invested in securities and
on time loans and the people will want
their money. If all of the securities
are thrown on the market it means a
tumbling in prices. 1t is too dreadful
to think about
Ex-Judge StanIey-"We are not in a
position to do more than draw conclu-
sions. If the dispatches received are
correct then it means the very worst
that could have happened. Honolulu
and San Francisco are too closely con-
nccted for the results not to be felt
here. On one thing You may depend,
the tourist business will be in u
quiescent state for time, al least"
A N Campbell, treasurer of the
Henry Waterhouse Trust Cot would
rather not be quoted, but if you want
my honest opinion it's this, and You
may put a blue pencil around it. I do
not believe it will disturb conditions
mere 10 an dppFec1dDie extent Inc
money loaned to Honolulu business
men is by men who can afford to carry
until matters are settled. 1 look for
no material Tightening in the money
market but l believe it will cause a
stoppage of investments by outsiders
temporarily
J. NJ. Wakefield. department manager
of the Theo. H. Davies Co.. Ltd, had
not made I'D his mind fully when
spoken to by a reporter. 1T is really
very hard to say until we have COM
munication with the Coast. To GER
tain extent, and in certain lines trade
will be hampered. We do not depend
upon San Francisco except for our feed
stuffs and some articles carried in the
grocery departments. We will be af-
fected as all other firms will be on
those lines. You know; we are always
we'll supplied and We always have
something on the way, SO that I have