The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-10-31
THE PEOPLES INTEREST

An article New York Financial Chronicle shows that the own
ersup railroads very largely vested people OF moderate or
EVERY householder Who has money deposit a
ngs bank, every holder OF policy fire or life insurance company!
According Financial Chronicle the aggregate investments OF say
ngs institutions insurance eommes and edueauG1I l G il
Figures given made three showing
that IN the six states chiefly distinguished saving deposits the
saving institutions owned an aggregate Of SAP securities Of
railroads This than twenty per cent Of the total de-
cbuses New Hampshire Connecticut Maine ln thirty other
states savings banks, according incomplete private returns showed
$l28677l9l OF railroad securities owned beng more man ~
six per cent o. savings Of million deposnors
fire insurance companies s3702893 and the accident and guaranty
companies 5I56249 in railroad bonds and shares besides
J is AM Of tsc Establishments deriving their revenues
largely from general public therefore owned three years
gregate Of 81 46+,388642 Of railroad securites
already named the Financial Chronicle shows that ~ those there
increase Of S726o% IN savings bank funds invested ~
railroad securities the amount OF three year, ago. ~ Name over
fifty per Of the deposits thus invested and the number OF de
tofs IN those states exceeds SIX millions
Introducing information the Literary Digest remarks: Picture
the embarrassment OF the unsupecng citizen VINO after eng I
discovers that he had been encouraging an onslaught upon MS
II Caution to the mainland people against doing themselves injury
by unconded agitation against the railroads needed much more IS
warning 20 the people timely the present against
listening political agaors who trying 70 omcnt antagonist
the sugar industry Not only IS the welfare Of thousands OF l
wrapped that industry but neteet"enets OF az INC
Of employment for the people are based upon IT. analysis o.
the financial country would also probably show that IN
equal degree the OF me railroads Oh inc naiann NC
classes population Of Hawaii have money stake IN the sugar
bonds AS the main countrys wealth what gives
value andte home plot well the country homestead
II nanstay Territory trade and commerce. from the great
mercantile houses small huster stand The goody rate Of IN
savings banks here T. dcpotors winch ger
than national savings banks anywhere pay and on par WIN e
present rating Hawaiian government bonds could not be PAD inc
banking institutions conducting the savings banks dla not nave
the commerce and minor which their existence
TO the sugar industry did have the industry medium
for investing their funds .
Politicians who support policy nnica o The sugar IN
duy simply asking them cut off their noses to spite their races
Why the Advertiser avoid giving reasons Tor opposing MI
Cathcart Its ayso docs not make Mr. Catart an improper
10 hold the important Office nominated for Everybody
knows present city and county attorney the abe criminal
prosecutor Hawaiian bar today IT, since his reelection two years
ago he guilty Of maasanc msfcaance Of ONCE even the
Advertiser failed show instance Of such The Democrats
making their unable lawyer criminal practice io
the Office Advertiser also searched without success for Republican
fit oppose Mr. Thayer has been almost exclusively e
voted to civil law practice with bankruptcy specially If another
era Of Success to wanted neohyte in criminal practice
should be elected.