The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-10-27

4 sunni MA
Governor Frear has completed the
bond issue for the 1907 Territorial loan.
The face value of the bonds is 1924, 900.
They bear date October /, 1907, the
! rate of interest is 31a per cent and
| the First National Bank of Hawaii
at Honolulu is the purchaser of the
entire issue at S9S.15. The proceeds
| have been paid into the treasury and
are now available for expenditure on
public works including schoolhouses.
For the four years from July l, 1903,
| to June 80, 1907, loan funds of the
Territory available were 1878, 563.50.
| Up to June 80 last there was $2,4S9,-
$3.50 expended, leaving balance of
| $24S, 327.80. Later expenditures re-
duced the balance to 5000 ,923.4S. With
the new loan there is nearly half a
million dollars available for completing
old and carrying out new public i'm
provements.
Prof. J. E. Roadhouse, of California,
has cabled his acceptance of the Office
of dean of faculty of the College of
Agriculture and Mechanic Arts, to be
established under an act of the Legis-
ing short courses at the earliest posi-
BILE date.
THE TRANSPORTATION PROBLEM.
A letter has been received by the
Chamber of Commerce from R. p.
Schwerin, general manager of the Pa
cifc Mail Steamship Co., in which he
says that, as straight business pro-
position, it would be absolutely i'm
possible to undertake to operate line
between San Francisco and Honolulu
of the class of vessel or vessels the
Chamber had suggested. The cost of
vessel to fill the requirements in
question would, according to him, cost
81, 100000. Mr. Schwerin said that the
Atlantic steamers could not be main
tanned were it not for their enormous
steerage business coupled with govern
ment subsidies, and declared that if
the Assiatic business were killed off it
would be impossible for the Pacific
Mails large steamers to continue in
the trade.
The r. NJ. steamship Mongolia, which
has been laid up for repairs due to
her stranding at Midway, will resume
the Oriental route, leaying San Fran
cisco on November 16. Being under
the American flag this fine steamship
will do much toward relieving the
dearth of passenger accommodation
between here and San Francisco, which
is not altogether matter of availa-
BILE berths in individual vessels but
that of vessels at intervals of suffi-
cient frequency to enable both resi-
dents and tourists to suit their cir
nd Thofr m V;It n
respect to time for spending at both
ends of the local route.
The old reliable Oceanic steamer Ala
media has just demonstrated her fitness
for carrying both passengers and fresh
fruit, by making last trip to San
Francisco from here in the almost rec
ord time of five days and twenty
hours. 1t is announced, furthermore,
that before her return the Alameda
will be fitted with a set of blowers
for ventilating purposes on the large
freight deck, making her still more |
suitable for fruit carrying.
1t is reported that the Santa Fe |
Railroad is negotiating for the pur-
chase of the Oceanic steamships Sierra
Sonoma and Ventura, formerly doing |
the Australian mail contract, IN con-
nection with It's large purchase OF
ohia wood railway ties from the Ha-
waiian Mahogany Lumber Co, which
will require heavy tonnage to deliver
within the contract time. Should such
a deal be made, very large addition
to the passenger carrying accommo-
dation between here and the Coast
would be one result.
C. D. Willard, visiting commercial
man from Los Angeles, states in an
Advertiser interview that steamship
lines will be established between Los
Angeles and the Orient, via the Ha-
waiian Islands. and Honolulu and Los
Angeles will be in direct communica-
ton.
PROMOTION AND PROGRESS.
An illustration has been printed in