Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-01-03
BANKS, TRUST
COMPANIES, ALL
AAlE|:B|G YEAR

the greater part Of the year 1871
it is natural to suppose that a d,
gree of general prosperity would Dr.,
vail which would be reflected in III
financial institutions. Statements G
bankers and trust company manager
|, below leave no necessity for othe
:! calculation OF financial condition
Y mere. Business on the Honolulu stoc
j and bond exchange for large par
i or the year was at record height
declining only in the last two or thre,
months to low plane TO" reason,
which are fully set out In this paper
| The year 1912 has been a yer,
profitable one generally" said A
Lewis, Jr., manager of the Bank Of
Hawaii, to the commercial editor OIL
Ithe Star-Rulletin. ''The payment BY
me plantations of steady dividends
mterspersed with occasional extras
through the years 1911 and 1912. the
! expenditure by the United States for
Pearl Harbor and other WORK, bring.
| Ing in new capital, and the public
works carried on by the Territorial
government have placed a large
amount of money in circulation. The
reflection of this disbursement is to
ne found In the marked ,activitytn real
estate and building operations, The re-
ported increase Of the business of
the merchants and until recently a
large business In the stock and bond
exchange. The banks with others
have enjoyed the Benefits of tho sue.
ccssful year. y ~zs,'ssss@s'
The outlook for this years sugar
prices and the uncertainty of Tariff
iegislation have. however, caused by
anticipation feeling that the com
ing year will not be as profitable and
consequently a. little slowness fhas
been noticed in our line OF business,
at least during the last few moths.
Whatever the year 1913 may bling
forth the community, including its
banks, is in the strongest financial
position = its history safely and con.
servstiyely to care for the needs Of
its commercial transactions. |
As soon as, and if, the tariff ques- !
ton is fairly and definitely settled, |
we look forward to steady 1ncrease |
IN all lines of business, augmented b. |
the traffic through the Panama
Canal" u" II
s. M. Damon head of the pioneer
bank of Bishop & Co., took q CON
sentative view of the situation, indt
eating that conditions governed BY
ne present depressed state of the
sugar industry were such as to pre-
;lude tho loud 'boasting of the pros
)erity of the year Just closed. How'll
,ver, the banking business had notl
etrogresseG, and in the savings del
Iartment the deposits had held theirI
'wn notwithstanding considerable
by people Investing in
ZONES of their own. This was a
satisfactory evidence of thrift of the
Eage-earning class. /
E, !. Spalding, manager of the Bank
I Honolulu, pointed out the bright l
ide Of things along with the late un-
aVorable developments. at has
cen a year or general prosperity"
1r. Spalding said, although the de-
ression In he*stock market the past
ew months, owing to the fall in I
ugar prices and the tariff uncer.
ainty, compelling the plantation CON-
anies to cut down their dividends
'r the coming year, has materially
ffected the banking business as a
latter OF course.
yet there is little doubt that busi-
ess in general has been good. The
lrge disbursements of the federal
OVernment on Notifications, barracks
nd harbQr works has added to the
cath OF the Territory gained by the
'osperlty of the sugar industry dur
u the greater part of The season. z
hen the tourist business IS increas, L
z and bringing in many permanent G
With the additions about '
be made to the military forces S
ire, these other factors will largely C
axe mp for the depression in the {
gar Industry. 1t is to be hoped that
is depression will be only tcmDor- G
y, as | think the tariff will be set n
"a in a way that will not DC des- I
IctivC to an interest in which large t
CtIons of the mainland arc concern tt
almost equally with Hawaii. 81
Another gratifying condition is the c.
tlvity in real estate experienced A
81 year, WIN, ] understand, an adj u
nee in values. ] quite agree with II
2 views expressed by some one in W
? Star-Bulletin the other day to the W
ect that real estate in Honolulu W
one of the very best investments tn
lay. There is no doubt that, after &c
z opening Of the Panama Canaf es- he
cRlly, tho value Of property in t!o- IN
lulu will be much higher than it is
W. W
L. Tenney Peck. cashier of the First GO
tionai Bank OF Hawaii. when ask -. ="
ABOUT business the past year. said - -
e have done the largest business NJ
last six months that we have done w.
any equal time since the bank was We
'anized. The regular semi-annual Oh .l
ldend of $3.50 per share will be n 1,'
c and handsome amount will be W
rled to the surplus and undivided tn 49,;
fits account. which now amounts
the respectable sum Of $212.5 800"
1t has been prosperous year gen ~,
lily, said Louis Abrams, secretary 90.
the Hawaiian Trust Co. Trust ~
harn 10 10