Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1911-11-22

Nippog Maru which made a short stay
at Honolulu yesterday manage to keep
IN ear pretty closely trimmed for
catching rumors as well rs authentic
reports Of changes taking place in
rival steamship lines.
According 10 the story brought to
| Honolulu in this vessel tho Pacific
| Mail steamship Company has reduc-
| ed its fixed charges between 100000
and S2OO,0OO year. This saving Is
effected through the purchase of the
steamships Mongolia and Mauchuria
or Hartman Estate.
The company is also figuring on
four new giant ships. In the year
ended April 30, 1908, the Pacific Mail
showed deficit of si2S,S17. The net
earnings have improved each year
since, reducing the deficit to sl99,276
in the year ended April 30th last.
With the reduction In fixed charges
the company promises henceforth to
show an annual surplus for the stock.
The Mongolia and Manchuria cost the
oregon Short Line approximately So
055,O0O. Under the new arrangement,
instead of paying per cent interest
on s5,0bj,QoO, the Pacific Mail pays q
Ter cent on si,O00,0O0 mortgage for
Tie year 1912 and on $25O,OOO less
each succeeding year Insurance and
premium is correspondingly dccreas-
cd. T.. 10 ..
Vicc-Presidcnt and General Manag-
! or II! II, Schwerin is reported as III
the East, where he has completed all
atITrgcmcnts for taking. over the
Mongolia and Manchuria from the
Hartman Estate.
There Is another story current In
San Francisco shipping circles that II
| Is only 4 matter of comparative
| short time that the Pacific Mail will
be entirely eliminated from the Paci-
| &c trade. It is stated that the social
ed Baker Company Is In the field Ia
purchase the fleet now owned or char
tered but operated by the Pacific Mail
and with the completion of the Pa
mama Canal. these vessels will he
| transferred to the Atlantic.
Asked what this meant, the Nippon
Maru officers smile and finally admit
that It would probably result in the
trans-Pacific traffic being left to the
Japanese liners. The Nippon Maru
is predicted will he in the intcrme-
date class when she next visits this
port after the first OF the year. There
will follow n marked reduction in
| fares while II Is claimed the same
high standard of service will be mainl4
| tanned.
Siberia a Holiday Visitor.
The stan of II. Hackfeld and Com
nany have begun to look upon the
| good ship Siberia of the Pacific Mail
| line as regular holiday visitor. The
with 100 tons Oriental cargo and IL
due to arrive at Honolulu on Thanks
| giving Day. According to statistics
kept at the local agency the Siberi,
has a penchant for appearing off the
harbOr with the dawn of holiday
The vessel Is listed to return from
! the Coast on Christmas morning, ac-
! cording to the schedules. There is
room for sixty passengers from this
port and thus far all applicants for
transportation to the Coast can be
| accommodated.
Rig Of the Thetis May be Changed.
The damage sustained by the omit
ed States revenue cutter Thetis In
storm while steaming along the
Alaskan coast to Unalaska on Septem-
Der 25th has proved greater than at
hrst reported. In fact the storm is
declared by Captain Cochrane and her
officers the worst that they have ever
encountered, During the height Of
the gale the vessels forctop mast
|