The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-08-29
Big Mainland investment Compa-
MES May Place Tenders For
Local Securities
TWO HONOLULU CONCERNS
ARE ALREADY IN FIELD
Bishop & Co. and Bank of Ha-
waii Seek To Purchase
Entire Issue

WIDE speculation is rife on the streets
as to who will be the successful bidder
for the Manoa Improvements bonds. 1t
is expected that bidding for these safe
securities will be keen. City Treasurer
COnkling admitted yesterday that there
was a possibility Of a number Of big
investment companies on the mainland
putting in bids for the bonds.
1t has been known for a long time
that the bonds would not 90 begging
In fact the investment is considered of
such safe character that two local con
germs have figured on taking over the en-
tire issue. These firms are Bishop &
Company and the Bank of Hawaii. But
| with several mainland concerns in the
field the bidding is expected to be
close.
viii Open Bids Today
y The tenders for the improvement will
be opened today at noon at a public
meeting in the Office Of the city treRsdr
er.
There was no assurance that main.
land firms would try to secure the
bonds, at least City Treasurer Ccnk-
lin would not admit that he had any
| definite information on this subject
The bids are expected on the Matson
! liner Wilhelmina due this morning, un.
less the companies decide to deal
through their local agents by cable.
After the opening Of the bids there
will be no delay in making the award
to the successful bidder 'Phe city is
anxious that the work be commenced
| without delay. In order to expedite
the project as much as possible the su-
pervisors viii meet tonight for the pur-
pose Of making the award.
viii Start Work At Once
On the assumption that the bonds
will be taken up Immediately, plans
are already under way to commence
actual work on the long delayed pro,
Ject not later than September 6. The
contracting firm of +. R. Richie al.
ready has made elaborate preparations
to place 300 men on the work just as
soon as they receive orders to begin
| operations.
| According to law at least fifteen
| days notice will have to be given the
contractors after the supervisors select
the successful bidder for the bonds
Such u notice, it is thought, will be
sent out not later than tomorrow.
According to present plans the work
Will be inaugurated by impressive
ground breaking ceremonies, probably
| IN Labor Day. when the Mayor and
'e entire board of supervisors will be
| hand to toss n spadeful of earth
id deliver large consignment OF
tatory. Music by brass bands
.peech making, hand,shaking and a gen,
eral luau of congratulations are expect
ed to mark the big civic ceremony.
Piltkia Is Expected
Plenty of interesting pilikia is ex
| pected Mt the meeting of the board of
supervisors to be held tonight. That
august body besides naming the sue.
cessful bidders for the Manoa Improve
| ment bonds, will be called upon to
train its big intellectual guns on the
| proposed Improvement in Beretaniu
| street.
This Improvement it win be remcm
bered, involves an expenditure of $40,
| 800. 1t has been needed for a lone
time, according to officials at the citS
nail. Other patriotic citizens of Ho
| n0lulu agree that Beretania street
should be put in an up.to-date condi
non There is no disagreement on the
score that the work should be done
without delay.
But there is trouble in the fact that
an effort is being made to Balk all eff
forts to complete the work. And it i,
this trouble that the board of super
visors will be called upon tonight tt
train its attention.
Circulating Petition
1T is understood that several person,
are working day and night in an at
'empt to secure the signatures of fifty
dve per cent Of the property owner.
Ilong this thorOughfare in order to cal
halt to the proposed improvement
| rho head and front of this movement
as rumored by city officials, is said
to be l.. l.. McCandless who is known
as the generalissimo of the retroprad,
movement. 1t is said that he has sew
eral persons industriously working tc
secure petitions sufficiently Autographed
to make it impossible to go forward
with the work.
On the other hand u number of Pat
1otic citizens have volunteered thril
lme To circulate contemplation. TIL,
| alternative petition is really not peti
ton at all, but is only an effort to Sc
ure assurance from a sufficient mum
Der OF property owners that they would
not sign the papers being circulated
IN the attempt to call off the improve
|