davidaulloa/AmericanStories huggingface dataset:
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
HAWAII FINANCES
IN BAD SHAPE
Folding Beds and Other Things
Leave Big Island Away in the
Hole for the Year.

Hawaii Herald:-The most interest
ing feature of the meeting of the board
of supervisors held last week was in
connection with the finances, of the
county. The attention of the public
was called to the matter by the fact
that the payment of nearly $13,-
600 in bills which were incurred before
the first of July, were passed over to
next month for payment, there being
no funds available for the amount need
standing that when the six months
settlement was made these bills would
be cleaned up.
The attention of the Herald was call
ed to the condition of the finances of
the county by this and it is interesting
to know thar with the contracts which
are now outstanding to be reekoned
with, the county of Hawaii is insolvcnt,
even with the money which is expected
from the territorial settlement. Should
the board of supervisors keep ON at the
present rate of expenditure, by the time
their term of office expires the county
will be so far in debt that registered
warrants for months or years to come
viii have to be issued.
According 10 the HBuHca NhiCh OoihS
from the Office of Tax Collector VIII.
fong, the county's share of the funds
which he has collected, amounts to
$101 1925. OF this amount the county
has already received 100000 in month
ly instalments, leaving balance OF
81, OPS. In addition to this it is ex
pected that the income tax returns
made in Honolulu, win bring the coun
ty about $4,000 while by the end OF
this month there should be about $50,
900 collected from the license fees. max
ing a total for the semiannual settle
ment of SOL 1925.
Against this amount there are out
, standing contracts, into which the
county has entered, but for which tbs
, money has not yet been appropriated
of $4s, 466.25. This sum is divided al
follows; Total amount Keamoku con
tract. s2s, 225s0, appropriated, S6269.
20, balance to be appropriated. $l6.
956.I0; total Brown contract, Honoli
road. $24.272, appropriated, Se0,569
balance. 5000; total Ariole contract
Honoiii, $4,000, appropriated. $500
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
THE WEEKS MARKET.

The heaviest trading that has been
done for months featured business on
the stock exchange during the week,
olaa and McBryde indulging in boom
that carried both nearly a whole point
before the retrogade movement com.
menced and dumped them back to the
original quotations.
The boom was carried over from the
previous week but did not assume large
proportions until Tuesday when it be-
came the one thing of value on the
market and was bought up at once
wherever offered. Almost three thou.
sand shares of McBryde changed hands
on that day with almost as much on
Wednesday and Thursday. The boom
was prlcked rather suddenly and nu-
merous buyers found themselves with a
large amount of stock on their hands
quoted at figure half under that
at which they purchased it. 1t was
strictly speculative boom.
Honokaa came into prominence and
sold freely for the rest of the week at
1925. The extensive trading extended
itself to other stocks and Hawaiian
Commercial and Eva felt the effects
of the free market.
The value of the stocks sold during
the week, estimated at the selling quo.
tations, is as follows, by days:
Monday, 500, 392125.
Tuesday, $36,06s.65.
Wednesday, 1921, 103.55.
Thursday, $7,095.
Friday, l3,S96.625.
Saturday, $20,9l6.sO75.
Total for week, $l2S,472.s525.
Total for week ending July o, $55.-
1872 .625.
Bonds to the par value of $15,50C
changed hands during the week, this
also being an increase over the figures
of the week before.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22

must be given to the fact that out of
California 3 broad lands very, very
small percentage covers oil strata.
The Standard Oil Company lately
brought in a $4,000 barrel we'll, which
is equivalent in money to $4,000 a
day. This fact has been exploited by
promoting companies as an inducement
to invest in oil stocks, but it must be
remembered also that the Standard has
drilled great many wells that have
been failures.
If any local investor wishes to place
his money in oil he is earnestly advised
to study California oil conditions, to be-
come acquainted with all the various
fields, the output per well in each and
the tested boundaries of each. Valu.
able information can be secured from
the State Mineralogist and the oil and
mining bureaus of San Francisco and
Los Angeles. The methods of obtaining
oil and the commercial relations should
be closely studied as well as the indie.
pendent versus "trust" situation. The
results of the information he thus ac-
quires will dampen his ardor.
Local financiers are responsible for
statements made during this week that
so much money has gone into California
oil that it has been hard to obtain for
local financial development. The trad
ing on the stock exchange, however,
showed that more money had figured
in speculation than has been the case
for long time. However, speculation
is not investment and does the com
munity little good.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
ID digest Swords Sugar NeWsfh8
Business and Finance

win put our rock crushing and for that
matter our entire laboring plant, At the
disposal of the county and viii do any
work which they desire at actual cost
to us, which viii be a great deal less
than could be done ordinarily.
"Another matter Of great Importance
to Hilo is the matter Of the decision
on the Hilo Harbor lines. While at
present and until the Hilo breahwater
has been extended much further, the
Reed IS Bay end of the harbor must tu
used for shipping and especially for
wharves, / can easily look forward to
the time when the Hilo end of the hAr-
Dor will be developed with wharyes.
The modern harbor is far different from
that of few years ago. At first the en-
trance to Honolulu harbor was but
twenty.four feet in depth, it was then
dredged to thirty feet, and now to thI--
ty-five feet, and congress in all present
work demands that depth of water.
There is one thing which I would sug.
gest that the people of Hilo get togeth.
err on, to stand firmly in favor of plac-
ing the pierhead line in the Hilo see
ton of the harbor out as far as the
thirty -fve-foot line, instead of at the
twenty-foot line where it is proposed to
have it. In talking to c. A. Brown a
shore time ago he told me that he ex.
pected to build wharf out from his
property near the present railroad sta.
ton and / believe that it would be a
serious mistake to hold back the devel
oPment of property OF this kind by not
allowing the wharves to run out as far
as deep water"
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
MONEY CONDITIONS.

The money market locally is com
paratively free and no difficulty has
been experienced in raising sums for
investment and construction purposes
during the week There has been ad
verse comment expressed by the entire
business community over the way that
large percentage of investing money
is going into oil stocks and avoiding
local invt stment twice as secure.
In connection with this The Adver-
tiser calls attention to the real condi.
ton of the California oil industry and
not the condition portrayed in the pro.
motion advertisements. AS il has said
before, the California oil has made for
tunes but those fortunes have not been
made by very many people and they
have not been made on undrilled
ground.
With few exceptions, drilling has
not commenced on the property of the
oil companies advertising their stock
here. II costs from $3.50 Gan exception,
ally low estimate) to $4,000 and $4,000
to sink well on the Californian fields
and every well does not strike oil. This
must be borne in mind when investing
in oil stocks and further consideration
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
SATURDAYS MARKET.

Yesterdays trading on the stock ex.
change indicated that the boom in olaa
and McBryde was at an end, there be-
ing little demand for either and few
sales. The trading was absolute fea-
tureless, fair amount of stocks being
transferred but at unchanged quota.
tions.
Large blocks of Oahu Sugar and Hilo
Railway were transferred off board, Ha-
waiian Commercial at 40 proving pop
ular during the session.
The sales for the day were:
McBryde-65 @ 6.I25; So "a 6.25.
Oahu Sugar-11O a 32.375; so "a
32.375.
Ewa-95 "a 34l25.
IL. S. N. Co.-3O "a 100.
Hilo Ry. com.-150 a 1926.
Olaa-35 "a 6; Is a 6.
Hawn G. & $50 a 40; 20 a 40;
60 "a 40; 20 "a 40.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22

balance, $26,70O; Very sidewalk con-
tract, $1707.15, appropriated, $500, bal
ance, $120715. In addition to these
amounts at the last meeting $3.50 was
appropriated for bridge work in North
and South Hilo.
This makes the total amount of
money authorized by contracts, etc,
reach the sum of $51,64625, to which
should be added the deficiency from last
month of $4,000, making a total
amount of over 100000, which the
county must pay out of the $4,000
which it expects from the Territory.
The peculiarly interesting part comes
from the fact that there are now pend
ing before the appropriations commit
tee, resolutions calling for nearly $780,
900, which are expected to come from
the same $1,000. The members have
believed that this sum was to he divid-
ed between the different districts and
when they realize that every cent of
it has been twice appropriated al
ready there should be some interesting
rows
While these facts are interesting
there is still a large sum of money
which the county owes and the amount
of which can not be obtained, This
money is that due to road laborers in
the various districts. In the district
of Puma it is understood that many
of the road laborers have not been
paid for from four to five months
They have assigned their wages to the
different stores in Puma and in this
way have managed to get along. The
same condition is said to exist in Hilo
to great degree, so that no one,
even the members of the board of SUI
pervisors the treasurer or the auditor,
can tell what the exact situation OF
the county's finances is.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
The Sugar Market

The Mongolia, due to arrive the latter
part of the coming week, has on board
about 100 Filipinos bound for Honolulu,
who will undoubtedly follow the preee-
dent of their fellow countrymen arriv-
ing before them and go directly to the
plantations without even taking in the
capital
r. d. Mead is now on tour Of in.
spection on the Kauai plantations, in
vestigating labor conditions there.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
BUSINESS M1soEL1ANEous.

During the week corporations listed
on the stock exchange paid dividends
totaling almost $4,000, or in other
words the money paid our in profits ex-
ceeded that put in as investment or
speculation. The companies, with the
dividends, are as follows:
Hawaiian Sugar Company, 100000.
Oahu Sugar Company, $4,000.
Oahu Railway and Land Company,
$50, 900.
Pepeekeo, $1,000.
Waialua Agricultural Company, $685.
700.
Honokaa Sugar Company, $4,000.
Total, $l65,250.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
LAVA BRICK.

During the week papers were fled by
which property at Kaimulzi came into
the hands of the Honolulu Lava Brick
Company, marking the first step in the
actual institution of one Hawaii's prom
Using new industries.
Machinery for the plant that is to be
erected there will start from the factory
of the American Clay Machinery Com
pany in two weeks, via New York and
the Isthmus of Tehuantepec. 1t will be
erected as soon as possible and manu-
featuring commenced.
The location was picked out as suit
able one for the industry, as the ma.
terial is right on the ground. The fac.
tory will be built on the road where a
spur of the H. r. t. & L. may be run
to it. The first shipment of brick, ac-
eording to present estimates, will take
place in four months.
The American Clay Machinery Com
pany will produce 100000 bricks itself
from this property and this plant before
turning it over to the local company.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
NEGRO APPOINTED TO
BIG FEDERAL PLACE

WASHINGTON, July sO.-President
Taft yesterday appointed Whitefeld
MeKinlay, a negro, to the position Of
collector of customs in this city. Me-
Kinlay is a real estate agent. This is
technically known as the port of George
town.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
LABOR.

This was a banner week for the labor
bureau of the Hawaiian Sugar Plant
ers' Association, or, rather, was for its
officials, as no steamer arrived from the
Orient with the usual quota of planta-
ton laborers, and the Office staff took
advantage of the first slow work in
months.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
gArpoUAnD AGAINST I11NHss.

Make II rule of your home to keep
Chamberlain IS Collie, Cholera and Diar-
rhoea Remedy as a safeguard against
bowel complaints. For sale by all deal
ers. Benson, Smith & Co., Ltd, agents
for Hawaii.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
TAFT AND HALE.

BAR HARBoR, Maine, July co.
President Taft and Senator Hale Of
Maine held friendly conference here
today.
The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1910-07-22
CALIFoRNIA BONDS.

Local interest has been given during
the week to various bonds issued by
public utility corporations of California,
money being placed in them more freely
than would otherwise be the case owing
to the difficulty in procuring the bonds
of Hawaiian corporations, which, while
not impossible to get, are not as ready
on the market as might be.
The Trent Trust Company is handling
several issues of these bonds, those of
the Northern California Power Consoli-
dated and the Pacific Gas and Electric.
The former are five per cent, due
l94S, interest payable June and Deeem-
berl They are selling now around 90,
making them practically five per cent
plus. The company issuing them was
created by consolidation of the Kes.
wick Electric Power, Battle Creek Pow
er, Redding Water, Red Bluff Electric
Light and Power and Williams Light
and Water companies. The present
company furnished practically the en-
tire northern portion of California.
The Pacific Gas and Electric cOllat-
eral trust FIVE per cent bonds are issued
by company comprised of what was
formerly numerous smaller companies,
and controls central California. 1t also
is in control of the Sacramento street
railway system.
Charles g. Heiser, Jr., formerly con-
neeted with ]. Barth & Co. OF San Fran
cisco, is now the manager of the stock
and bond department of the Trent Trust
Company.
THE STEAMER SITUATION.
While the attitude of the Pacific
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-06-27
READY FOR OPENING
OF SUMMER CAPITAL

BEVERLY. Mass, June 27.-Every-
thing is ready for the opening Of the
summer capital President Taft will ar
rive at his summer home here Wednes-
day morning. A corps of office help
will come on the same day, and the
executive offices viii be opened in the
Mason block in the quarters used lasL
year
Under the direction Of the Bevery
board of trade a reception viii be given
the President upon his arrival, and the
town viii be gayly decorated in honor
of the event. The special train carry
ing the President Will stop at the
MOntZerrat station, which is near the
Taft home. and which was created last
year by the railroad so that the guests
of the President might more readily
reach tn summer White House.
Tomorrow morning at o'clock the
Presidents yacht, Sylph, VIII leave
here for New London. The party who
Will view the Harvard-Yale boat races
from the deck OF the Syiph wiz include
Robert. Charlie. and Miss Helen Taft
and George Harrison. Of Washington;
and Randall King, of Minneapolis, class
mates If Robert Taft at Yale. The
SyIph Viii carry the party back to
Beverly. but President Taft viii come
by train.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-06-27

sachusetts Senatorial campaign In the
interest OF Lodge.
In this connection Mr.. Ames SAYS; 1T
is reported that - his present extrem-
ity. fearing TO seel reelection on his
long public record In Congress-. his one
hope iS that AIE Roosevelt may create
new confidence in his behalf by speak
ing for him as an old friead. II is hard
10 believe that the ex-President would
lend himself 10 the political support Of
one. even though a friend. who has con-
sistently violated all the moral teach
inSs Of which he is a great exponent"
FIankness Used in Speech.
In his announcement Mr. Ames de-
noUnces the political methods Of Sena-
tor Lodge with a frankness 10 which
the scholarly Massa chUsetts Senator IS
little accustomed. MIR. Ames uses bitter
language about the Lodge machine"
He says:
This machine, backed by all the ia-s,e
corporations end all the State and Fed
eTaI patronage at his command, has for
years served as o ready and efficient
tool 10 crush out all political ambitions.
endea vOrs, and opinions not sanctioned
by Mr.. Lodge
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-06-27
LODGE EXPECTING
ROOSEVELT AID
Butler AmeS to Make Con
test Against MasSachu-
sets. Senator.

A remarkable situation has been ere
ated in Massachusetts by the ann ounce
ment Of Representative Butler Alues
that he viii be a candidate for TT Sen
ate against Senator Lodge. Mr.. -slnes'
announcement Will give new and added
interest to the forthcoming speech OF
Gel Theodore Roosevelt in behalf Of
Mr.. Lodge
More than this. it insures a hard
fought Senatorial campaign in tae Bay
State. the outcome Of which viii be
watched with the keenest attention the
country over.
In the announcement Of his purpose 70
oppose Mr.. Lodge. Representative But
Ter Arnes challenges Colonel RoOsevelt's
right 20 get into the Massachusetts
campaign. even Though he does II 20
help out an old and cordial friend.
Friends for Years.
It IS well known that Roosevelt and
Lodge have been warm friends TOT a
great many years They have not al
way agreed on political policies. but
they have remained on most friendly
footing
Representative Ames asserts in his
announcement that it is well known IN
New England u Z Colonel Roosevelt
viii make several speeches in the Mas
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-06-27

CONFERENCE IS DENIED

1t is believed here that Mr.. Roosevelt
can have little hope Of getting Hughes
to run again. It is pointed out. how
ever. that for Roosevelt TO urge Hughes
to run will please the Hughes support
ers. Also it might bring a strong meas
ure Of support TO the man who IS picked
later by Mr.. Roosevelt for the Repub-
lican nomination for governor Of New
York.
That Governor Hughes is already
looking for a house IN Washington
was learned today. Representative
Parsons is in .tCeSt of one for him.
Governor Hughes wants one, of course,
for next fall, when he will come here
to become member Of the Supreme
Court, unless his D ans should be
changed radically.
Representative Parsons was at the
White House today He said he doubt
ed greatly whether Roosevelt would
try or had tried to dissuade Hughes
from the Supreme Court. He thought
IL likely that Hughes and Roosevelt
would confer He said that If Hughes,
Roosevelt and President Taft got to-
gether for a primary plan, 1t would
have much weight.
Mr. Parsons talked Of several gov
ernOrShip possibilities He spoke in
high terms of William Loeb. lr. and
ST Representative Bennett.
Some politicians believe that ROose-
welt is maneuvering to advance the name
Of William Loeb. jr., for governor. and
wants the help of the Hughes element
Should Roosevelt, Taft, and Hughes
unite on a primary policy. Il would
probably be impossible for the New
/; York machine leaders to prevent its
contamination.
or course. when Roosevelt and Taft
meet. the big question will be whether
Roosevelt IS going 20 indorse. in any
way whatever. the TAFT Administration.
Should he do this, the political effects
would be tremendous Regular ReDub-
Iicans think II would remove ~ -.-apt
OF a Republican House Emu that II
would insure Taft's renCminatiol-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-06-27
Tells Nelson and Alexander
BuSineSSlike Methods Ex-
pected In Future.
VETO FOR LAST BILL
BARELY AVERTED
Engineers Recommendations In
the Future 10 Govern the
Appropriations.
By JAMES HAY, JR.

Following his policy Of introducing
the most up-to-date methods into the
handling of the Governments money.
the President today enUnciated a new
and revolutionary direction for the
making of appropriations by Congress
in the future for the Improvement Of
rivers and harbors.
He had a conference lasting more
than an hour with Senator Knute
Nelson and Representative Alexander
Of New York, the chairmen of the
Senate and House Committees on RiY-
ers and Harbors.
In this conference the President
expressed his dissatisfaction with the
method which has been followed in
the framing Of rivers and harbors ap-
preparation bills. He announced that
tn the future only the most deserving
ana adVanta} 'eOUs projects shall re
celVe appropriations Hitherto any
man who co I'D get a survey of a
project throu gh the House and Senate
Followed j. by securing large punches
OF money.
Pork" Dictated Bills.
The result Of this has been that any
Congressman who had a river or har-
Dor in his district was apt to be get
y
Congress every time such a bill was
framed. In fact, one feature Of such
bills in the past has been that enough
Congressman got pieces of pork 10
insure their votes for the measures
and TO pass them without doubt
To this Mr.. Taft expressed his OBJ
lection, saving that in the future the
engineer boards OF the army shall de-
clde-nOt whether a project is feasible
but whether II is among those which
are Of great benefit to the whole cOun-
try.
In the course Of the conference 1t
developed that a few days before the
last session Of Congress adjourned the
President had written a message We
tOing the river and harbOr u which
he afterward decided TO sign. He was
persuaded To sign II Saturday by the
fact that there were so many good
projects in il, that il was comparatively
a small bill. and that the uudeserviug
projects had been started years ago
should be finished.
viii Meet Opposition.
That this rivers and harbors policy
viii meet with ,he most determined op-
position IN the House and Senate was
only slightly discussed by Senator Mel
son and Representative Alexander. But
81 is realized that if the President makes
It plain that he viii veto any bill not
framed according to the lines he laid
down today Congress will have TO fol-
low his wishes.
Mr. Taft had the conference today
with Nelson and Alexander because he
wanted to give them plenty Of oppor-
tunity during the summer and plenty
of time TO map out a scheme for max
ing appropriations in the next session
of Congress in compliance with the new
plan. His desire Is that the Two com
mitUees appear in Washington next
winter prepared to carry out the idea
Of apprOpriating money in a careful
and business ike way.
Hereafter ne rivers and harbOrs bill
IS to signify business progress instead
OF legislative pork"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-06-27

mark to make It so decidedly uncom-
Portable as il was a few days ago.
In fact the outlook is altogether ex-
cc3ent for continued pleasant wea-
theI.
Today there was brisk wind from
the West which was refreshing 10
those who were compelled 10 be fn
the sun and even with that the tenn
perature was unusually low. At mid
night last night the mercury register
ed only at 81 and at 10 o'clock this
morning II had climbed only de-
grees.