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

B. Kerr and Co., was seen after dim
ner last night and he showed no signs
of worry over the possible effects the
earthquake may have. He said: L
do not see how it can affect us in any
way. The San Francisco people are
wide awake and the next you hear Will
be that they are in business as usual
and ready to fill orders. We do not
get our goods at the Coast, SO our
stock will not be down in any way
James McInerny of the firm of Nj.
McInerny Cot do not look for any
change and do not see how it is going
to hurt Honolulu in any way. 1t may
hurt the tourist business for a time,
but it will recover and things will go
along as usual
i. Charles NJ Cooke, president of the
Bank of Hawaii, Ltd do not be-.
lieve it will tighten money and affairs
should go on as usual"
I. George Rodiek, director of the firm
of H Hackfeld and Co., Ltd.-"W'e
have two vessels on the way and as far
as our firm is concerned we Will not
be affected by the disaster. Even If
the goods can not be shipped from
San Francisco there is the North 10
supply the Territory with flour and
feed stuffs. / look for no serious re-
suits in any way and San Francisco
viii soon recover from it's loss
Otto Bierbach of the Chambers Drug
Cove will not feel the effects until
later on. All of the druggist supply
houses are in the business district
where most of the damage is and I'M
less duplicate orders are sent to the
East all lines of trade here will be
hampered more or less until things in
the city are back in their normal con-
dition.''
E. I. Spalding, cashier of Spreckels
and Co, feels that the community is
so much in the dark that it is not en-
tjrely safe to venture an opinion. Rel
alive to the possible effect upon the
money market, he said: There is this
in favor of undisturbed conditions:
Our banks in Honolulu have as agents
on the Coast the strongest financial
institutions on the mainland and with
their large reserves it does not seem
possible that they can be affected nor
does it seem that there would be any
occasion for calling in any loans those
corporations may have made to private
PARTIES. But we are very much in the
dark and it is impossible to say what
the result will be-"
L. Tenney Peck, cashier of the First
National Bank, on being asked if he
thought values would be affected or
the money market become tighter in
consequence of the disaster. said: II
see no necessity for any shortage in
money and consequent Tightening of it.
Our sugar is nearly all sold in the
East and the exchange is coming right
along. We have not received details
enough to make. a forecast of the pos
sible results, but as far as loans to
individuals here are concerned I be-
iieve they have been pretty well clear
ed up and there, appears to rue no rea-
son why those remaining should be
disturbed on account of this disaster.
Johr. A McCandiess was 10th to ex-
press an opinion in the a bsence OF
further news from the scene of the
disaster. It's iall guess and an
opinion does not amount to much any
how. If the dispatches received this
morning are correct it means that the
financial institutions are in distress as
far as their buildings are concerned
and We do not know how much fur
Their There is a great deal of San
Francisco money invested in Hawaiian
stocks and if the loss is what is re-
ported there is a possibility of the
holders of those securities wanting
their money and if they Go 1 believe
there is money here ready to take ali
of the good stocks that may be Of
fered. Honolulu was never in a bet
ter financial condition to meet a0-
versity and in my opinion the local
banks and other financial institutions
are not under any great financial OF
legations to the banks in San Fran
CISCO
E. D. Tenney, president of Castle and
Cooke Ltd, said: I'VE can not tell
the possible results until we know
more than has been published AS
Stunning that all of the dispatche s are
bona fide 1 would say that we will be
affected to a certain extent but it will
be a temporary matter. I have heard
from a dozen different sources tnat 4
received a cable from Oakland this
afternoon. l do not know how the ru-
NOR got it's start, but I wish to say
that there is not the slightest fcundd-
ton for it: 1 did not get a cable from
Oakland at any time today and
know nothing of conditions there
Manager Phillips of NJ. Phillips & Co
Tt is impossible to say what the re-
tirely from the East and our present
stock is normal; unless our goods in
transit that have reached San Fran
cisco should be held up we will not suf-
fer directly from the disaster"
James B. Castle of Alexander and
Baldwin-"We are too much in the
dark to express any decided opinion
on the matter, but one can readily
understand that if it is as bad as we
have been informed through the pa
pers it Will mean that we will feel it
indirectly. The institutions that have
loaned money, or who have bought our
SECURITIES, will want to draw in They
may need the money to recoup their
losses and in that way we will be in
directly affected"
H. P. Wood, secretary of the Hawaii
Promotion Committee-'It will para
lie commerce for a time at least and
will disorgaRize travel out of San
Francisco and in that way only can
we be affected from tourist stand