Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1912-09-12

meant when he spoke of figuring the
interest. I think In Hawaii we are
not quite az modern as you perhaps
are In New York, Chicago and in the
East generally. We do not figure in
terest in the sense in which you
speak OF II. All Of these companies
have been organized on a stock cap.
ital basis and the stockholders have
paid for the stock 100 cents on a dol
lar. In no plantation with which ]
have had anything directly to do has
there been any promotion" in the
organization. Companies have paid
up the capital; and now and again
they have miscalculated and have
found that they needed more money,
SO have gone into bond issue and fin.
ished; and that accounts for the COM
paratiye, = small amount of bond 10
sue here as compared with institu.
tons elsewhere. There is very little
of that thing prevailing in this Ter
ritory. We never figure on the in
terest on that investment in determ-
lining our profits. II the balance in
the profit and loss account Is sufficl
ent, we pay dividend. -
Fisher: Suppose the best you could
do was to make a profit of 5 per cent
a year-would many go into the sugar
business? .--....,- 81 r.-s.
Bishop: don't think they would
Fisher: Could the figures which
Mr.. Goodale gave this morning :" be
checked? -s. r."..... =.
Bishop: Most of the companies is
sue a report to the shareholders ev-
cry year, which are public property,
and which give the figures you wish
to obtain. 1~ n
Turns to Governor. Il -"
Fisher: Have you given any atten'
ton to the questions of. the duties OF
the Governor, or Chief Executive, OF.
these Islands. generally?
Bishop: don't know as / have
thought much about being Governor
or anything of that sort. The most
] have Thought about the Governor is
that he has about as hard a job here,
or anywhere else, that know of. IT
is due to the fact that it is small
community and everybody in the COM
munity knows what everybody else is
doing. In the Union, like. the State
of New York, with the Governor sit
ting in the capitol at Albany, he is
not in reach of all the people: here
the Governor is pretty accessible to-
everybody. Almost every official act
is scrutinized and criticized.
Fisher: Here you naturally have
certain large interests which act more
or less together, or having cofimon|
interests act pretty much along thed
same lines. Quite naturally those,
actions affect the rest of the com
Well, of course If the charged
is-the suggestion has been made
here-that your present Governor be-
ing connected by family ties, socially
and by way Of certain connections
with the large interests, he naturally
would be supposed to see their side
Of the CONTROVERSY.
Bishop: j think that is magnifiedI
a great deal.
7. @. That is to say the Governor
here-that We have to find q man
here identified with one or the other
Of the sides, or do you mean that
there are In the community or should
be men Of sufficient prominence
whose qualifications who are indie.
pendent of the controversy and would
act unfnfluenced?
A. i think so; there certainly
ought to be. What / am fighting ship of
Is this idea of a Governor from the
mainland.
Fisher: ] understand you hest.
late an opinion on the real facts.
Bishop: realize that am being
eross.examined to- ------.
@. No. don't want 1t to be put |
that way. want you to tell me, to1
be perfectly frank with me ana tell
me what YOU think what cannot
understand and appreciate is the gen
eral sentiment in favor Of having
somebody here there is a general
fear of the appointment or appoint-l
mentsI am calling your attention
to some Of the difficulties ON the
othef side.
Well, l don't know. Take the men
who are usually chosen for executive |
positions such as the Governor Of |
his Territory, they are usually law
VI % We h0NO q A0A % OoAfl ACtO VI y
bile men and they are not connected
With the sugar industry.
Fisher: notice that the attorney
or the Delegate was very careful to
,oint out lie political utilization of
counsel on this side and counsel on
he other side. and they seem to think,
hat those acts are significant
A. / think, Mr.. Fisher, that it is
Up to the administrations in Washing
on to tell Hawaii she has got to pro-
luce a man to. be governor of this
Territory. have a deep and rooted II
'retudice against a governor from the
mainland. don't think the govern
II from the mainland will help the
ituation out.
Mr.. Fisher: Mr.. Ashford, how do
'ou feel about that?
J Mr.. Ashford: q sympathize with the
entiments expressed by Mr.. Bishop;
synipathize with them most strongly
indeed; and as / believe I expressed
o you in your office In Washington