Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1912-05-25

president of the Chamber of Com
merce. invited some fifty business and
professional men
A Hawaii Chamber of Commerce
with its membership rolls open to all
was one of the leading propositions,
but what gave the movement vitality
Is the fact that a great many believe
the present multitude of organizations
leads to inCfrCiCncy and an unnCCCs'
sary working at CrOsspurposcs.
Opinions were diversified as they
always are in every department of
business and professional activity in
the city Of Honolulu but there were
signs more prOpitious than ever be.
fore of a better Ccmcnting Of purposes
to accomplish greater unity In work.
ing out the common good. They were
good signs for the business stability
of Honolulu. because every step TO.
ward better community understand.
Ing and community unity is good bus.
mess.
Dominant or Domineering.
Not the slightest doubt exists that
there is now and has been for many
years feeling that the Chamber Of
Commerce instead of representing the
broadcast commercial interests has
generally voiced the conclusions Of
five or six Crms. This was why the
Merchants Association was organic.
cd so that merchants could go of by
themselves and say In an open meet
ing what they did not care or dare to
say In meeting of the Chamber of
Commerce. Since that time liberaliZ-
ing influences have been at work; the
Chamber of Commerce itself has lib.
cralized and the community generally
has loOsencd up under the influence
of advancing AmCriCanism. Where.
as, the old feeling against the Cham.
her OF Commerce still exists to some
extent. the good sober sense Of the
people has risen to realization OF
the folly Of great number Of organ.
izations all doing practically the same
work. provided all these can be as.
sCmhlCd into a single unit force rca.
sOnably free from friction.
4 committee has been named Tho
first work of this committee will be
to learn what other cities have done,
and secure details of their schemes
for organization.
That this project gets a hearing
which It would not two years ago, is
mn indication of the waking mp Of the
town to future certainties of progress.
Honolulu's Growth.
Honolulu is growing by leaps and
bounds. The only stumbling block in
the way Is the sclishness of those
who have prospercd and those who
hope to prosper by taking everything
possible from the town. and giving
nothing In return. In this class are
people who have made large sums OF
money in, tho Territory and are In
vcsting their large SURPRISES on the
mainland instead of supporting and
promoting new enterprises for the
further development of the city and
the islands.
A case In point Is the recent coming
10 the city of prominent mainland no.
tel men and securing option on lla.
wait hotel property that has been a
drug on the market. These men see
the probable cCrtainties of great
tourist business in Hawaii. These Is.
lands have thus far raised but one
man, Alexander Young, who could
look into the future and who dared to
back his Judgment in the hotel bust
ness as he and many others backed
their own Judgment IN the sugar bus
mess.
There is not today onetcnth of the
danger threatening the tourist bust.
ness that faced the pioneers in the
sugar industry. And the development
Of the tourist trade for Honolulu and
the islands generally does not call for
1.-THE of the investment and risk,
L.. Taunrahln
conditions of climate and naturally at.
tractive surroundings than ever offer
ed in the early days Of what is now
the main industry of the Territory.
Millions of dollars will be made
from the travellers of the world who
will stop at this port, and quite a
share of them will remain permanent,
~. The only problem is whether the
people of Honolulu will get together
and act together, thus rcaping the
manifold advantages of the Opportuni
ties surrounding them, or will they
he timid and call II conservative, and
EaGgle among themselves in petty
mean spirit, thereby opening the way
for intelligent aud broadminded poo
nle from the mainland to come in and
DO the wOrk--also make the profit.
II is good business to believe in
your own town and work for its de
velOpment,
II is good business to show your
confidence in your own town by rein
vesling your surplus in its enter
pTises.
Stock-Trading.
The general business situation re
mains about the same. The stoCl
market Is quiet and closed rather
weak The reason for this Is not ap
parent. Quite a number Of people are
leaving for the mainland for summer
vacations. Surplus money is pretty
we'll invested and the thoroughly nor
nal status of the prices for raw suga
furnish no basis for excitement
The record of the Stock Exchange
for the week follows:
Monday, NAV 90.
Between Boards: 80 flilO Com, 8.
rs; 20 Oahu, 30 .25 % Oahu, 20. %
90 Oahu, 20 %; 500 Pioneer, 35. so
- Olaa, 7,S7h,
Session Sales: Eva, 80 25; |,
Eva, 33 .25; % McBryde, 9.75; 500 Hi