The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1907-11-02
PLANS OF
SPRECKELS
EXPECTS A SUBSIDY AND HOPES
TO BE ABLE TO RUN STEAM.
ERS AGAIN.


John D. Spreckels, Jr., who is at
present the general manager OF the
Oceanic Steamship Company, in
speaking about the steamship situation
as well as the plans of his own COM
pany stated to a representative of the
Star yesterday that 'lf we can be
shown by the people here that we can
get enough business to make our ships
pay, we will put on a local boat here,
but under no consideration do we pro-
| pose to run our ships at loss. Our
| ships ran at a loss for a long time,
and we do not propose to do the same
thing again.
THE condition of affairs at the pres
ent time our company is simply this,
the whole matter will be left in the
hands of the bondholders on the first
OF the year, and they can do as they |
please with the ships. The ships will
be for sale and a chance Will be OFFER
ed to some one to get three good ships
at a bargain.
THE trade here Is very uncertain, |
and a company would be very foolish |
to try and run ships without any pro-
fit. l do not think that the people
here should try and get Congress to
suspend the coastwise shipping laws
for one moment. what we want mere
on the Pacific are ships lying the
American flag and not foreign ships.
The trade seems to be large enough to
warrant the placing of two or three
ships on this run, and we will do so il
you can show us that they will make
money for us and not run at loss. II
. the subsidy bill goes through this year
we will put on new ships on the Aus
. tralian run again. The Australian Gov
. eminent offered to give us a very nice
contract to carry the mail, but the Of
ter came too late. After the first or
the year the bondholders of the Ocean
ic Steamship Company can do as they
please.
4 Regarding the talk about the Santa
q Fe negotiating with us for the pur-
c chase of the three sister ships l can
4 truthfully say l know nothing about
n it They may possibly try and buy the
l. ships after the first of the year unless
n the bondholders decide to do some
d thing else with them. The contract
r. that our Mahogany company has made
q with the Santa Fe might solve the
+ question, but L do not think any sane
Is company would run ships unless they
If were going to pay.
T. 81 think that the subsidy bill will go
ID through this year, and sincerely hope
l. it will. 1t will mean a good deal to
N the American S. S. Company if it does
st When you ask me if there is any truth
lie in the report that the Pacific Coast S
a S. Co. intend to come here, all I car
p say is that / did hear something about
a them taking the Queen off her present
r, run. Whether that means that she vii
lie come here, remains to be seen.
IN In regard to the political situation
re in San Francisco, l earnestly hope
Sc Taylor will get in and l think that hi
Ss will. If Mccarthy is elected San Fran
10 cisco will go back again in her presen
ed progress, and 1 think that within sil
I'll months the prosecution will find SOM
o. charges against him. Things are nat
at urally upset on the eve OF the election
al but after it is all over business will
10 resume again and will soon be in it
ne natural condition. The work that ha
II been done in San Francisco since tn
ar disaster has been wonderful, and il
ten years at the most, San Francisct
will be better than she ever was. He
resources are by no means exhausted
Id and l think that capital will come il
tn without solicitation.
m at will mean terrible blow for Sal
a Francisco if Mccarthy should be elect
ed. He is one of the pets of the recen
y disgraced mayor. Taylor is a Demo
or crat but a good man, and l think h
will do the city a lot of good. Sal
cd Francisco has a good deal to be thank
40 full for, and she indeed has risen gfori
40 GUS from uer ashes. The recent tinan
- cial slump all over the country thin
&c has been caused by transportation
od but the normal state Of affairs vii
ell soon be resumed. I hope that tn
i'll steamship matter regarding Hawai-
IT. will soon be settled and that the Am
erican flag will once more be seen o
ie- the seas as it was years ago. will
&c all can to help things along, but
ic- am out for business, but will not en-
~ courage the resumption of our shiT
he unless we can see that they will max
in instead of lose money"