The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1908-08-11


ed up again that the score or so which
have begun this week attracted but lit
tie notice, for every one here is now
fully convinced that it is but matter
of three or four weeks until bushes:
affairs generally will be going in full
| swing.
The reversal of the Lands decision in
the Standard Oil case was received with
great rejoicing by the people who deal
in the Stock Exchanges, and they are
using It for the purpose of establishing
confidence in future values of trust
stocks and railway issues.
A close reading of the decision of the
Circuit Court of Appeals, however,
shows no disposition to allow the vio-
lators of the law to escape proper pen
alties for such violations. There seems
to be a general opinion, inside and out
side of legal and business circles, that
the tremendous penalty laid on by the
District Court was properly ruled as
| excessive in the reversal. Few persons
believe the defendants innocent of vio-
lation, yet still fewer desire punish
ment to become persecution or made
excessive.
Anything that offends the American
love of fair play is unpopular. It is
that spirit which inspired the law bear
ing upon this case, and it is the same
spirit which would save the violator
from undue punishment
DEFENDANT STILL AMENABLE.
The government, no doubt, will pro-
ceed with the rehearing in very short
time unless the defendant should plead
guilty and assume the lesser penalties
as outlined by the Circuit Court There
IS nothing in the reversal which frees
the defendant from the charges or from
proper penalties after being found
guilty on those charges at the rehear-
ing
The great resumption of work in
what is known as the Pittsburg dis
trict is one of the most encouraging
features of the times and is sure to
have most beneficial effect upon all
parts of the country as well as upon
the immediate surrounding territory.
The Westinghouse Company seems to
have landed on solid ground at last
and the common stock of the company
has scored a sensational advance. From
the commencement of the embarrass-
ment until this time every person has
had good word to say for Mr.. West
inghouse. and there has been the deep
est sympathy and kindliest feeling for
him throughout the difficulties. It is
understood that the business of the
allied foreign companies is in far bet
ter shape than for many years and
the outlook is excellent for a most
profitable future for the company, both
at home and abroad The cash surplus
IN the treasury continues to go out
into the business circulation of the
country in fine shape and viii keep on
going certainly until after January l
next. These millions are finding their
proper and useful sphere of action,
doing Just what they were created to
do-serve as medium of exchange
among the people A nice. easy work
ing balance is all that the treasury re-
quires and anything above that is an
injurious and useless absorption of the
resources of the country.
MANY MILLIONS TO BE FREED.
Many millions of the public money
now held in the Treasury will be out
and busy in the coming months and
win largely aid in making business
affairs hum this autumn and winter.
Cotton all over the South bids fair
to be bumper crop So many teIe-
ms hag Z r.,
few weeks from all parts of the South |
as to ideal weather for the cotton
that 1t has become monotonous. how
ever cheering it may be to the lovers |
of plenty. News from Texas and |
Louisiana show slight increase IN |
the acreage of rice and a splendid |
showing as to quantity of grain and its
condition
Not for many years has there been
such production of rice as viii be
gathered this year. By August Is the
nee crop will be gathered and be |
making 5 way into the markets. The
great rice mills of the Southwest bid |
fa1r to have most profitable season,
as the outlook is for fully six months
OF STEADY work. Texas and Louisiana
are hect ming very strong financially,
~ ~ the magnificent crops anu
good prices which their planters have
been favored with for series of years.
Our next census will show a most
increase of population in
every State of the South. The best
posted business people in New York
now consider the agricultural sections
of the country are sure to have the
most prosperous year over the most
widely extended area that ever has
been known. The huge crops seem to
be the rule in every portion of the
country. 1t often happens that cotton
fails when corn, wheat and hay pro-
duction Is good or that corn and wheat
fall below average when cotton yields
finely.
This present year bids fair to pass
he average yields in each and all of
'ur important agricultural productions.
With a worldwide demand for cur sur
olUs at fine prices.
GUIDO THEMSELVES.
Not in our history has there been
ueh money value produced by the
ields of the United States, and our