The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1909-11-08

morning. This viii give her an oppor-
tunity TO leave for Yokohama about
5 0 clock this evening.
The Togo Kisen Kaisha.
Japan Advertiser.-While it is true
that the business Of the Togo Kisen
Kaisha or Oriental Steamship Co. has
for the last year shown exceedingly
poor results, the malignant assault be-
ing made by certain Japanese news
papers upon the credit of the company
leads towards the conclusion that the
attacks are inspired rather by a desire
to iniure in order to secure advantage
for the assailants, than as a duty owed
to the public. The heavy loss shown
for the first half-year was to be ac
counted for on the ground of enter
prise, perhaps wrongly timed, on the
part Of the steamship company, and ex-
IRENE depression in those lines of bust
ness on which the income of steamship
companies is dependent.
During the entire time for which
loss has been shown, number of I'M
looked for misfortunes have worked
against not only the Togo Kisen Kai-
sha but the other japanese shipping
companies and the owners of steam
ships the world over. Four causes for
loss by the Japanese steamship com
panies may be mentioned. These are:-
l. A general and worldwide de-
preston.
p The boycott of japanese goods in
China.
8. The restriction of japanese emf
grafton on the Pacific coast of the
, United States, and
t. The increase of overland rates in
the United States.
While we are not conversant suf-
fcientlv with the details of shipping
business done by the large steamship
companies to be confident in estimat
ing the loss entailed by the conditions
we have mentioned, it is not difficult
to understand that half a million of yen
lost in six months would not be an
exaggerated estimate. The loss shown
bv the Tovo Kisen kaisha in one year
approximates one million yen, which
will be carried over the next half
yearly account. In view of this heavy
i, loss there was of course some grum-
bling among the shareholders, and on
the invitation and express desire Of
the president a committee of represen-
tative business men is now engaged in
close examination of the books of the
company. In view of the high stand
ing of the president of the Togo Kisen
Kaisha and the undoubted credit that
company is to- Japan, the persistent
bounding of the company and these
assaults upon its credit do not increase
our respect for those editors in this
city who while boasting Of patriotism
and fairness persist in such tactics.
| Until the committee appointed for that
purpose shall have reported to the
country it would seem to be the part
of proprietv and justice to presuppose
honesty and capacity in the manage
ment of the companvts business, and
| to assume that with improved business
| throughout the world the troubles of
the Tovo Kisen Kaisha will be over
and It's usefulness increased.
Jack johnson Made Trouble.
MEMPHIS. Tenn, October 17.-Jack
| johnson. the Galveston negro pugilist
has tied up traffic en- the Mississippi
river in this section. Big steamboats,
are locked at several ports owing to
scarcity Of labor with which to supply
a crew and river men blame Johnson S
victory over ketchel for prevailing
| condition, as all the roustabouts' are
celebrating. The James Lee, one of the
| largest Mississippi boats, is tied up
| here. although she was to have left
Friday. Deck hands, picked exclusive
| " from the negro race, refused TO en-
| list. in order to remain ashore and hear
| the returns from the battle and such
conditions have continued since the vic
| tory Of one Of their race.
| Phelps % Load Sugar.
| The well-hnown American chip Frs
| kline NJ. Phelps. now diseharging on
| the Sound. has been fixed to load sug-
| ar at Honolulu Tor New York and will
! leave for the Island port as soon as
| she completes her discharge. The yes
| sci was fixed for this trade prior to
| her arrival, Two years ago the Phelps
carried sugar on her homeward trip.
| Last wear she took salmon to the At
| lantic coast and an attempt to secure
/ this cargo again this wear was made.
| but without success. owing to the prey
alenee of steam tonnage,-Chronicle,
| October -.
Castles Captain Hurt.
Captain Dah1gren Of the barkentine