The Hawaiian gazette., 1917-02-23
NolO Is Ha,Daii's Time

AAA ANY have shown lamentable lack OF faith
AVA in the various established industries of Ha-
wall at times during the last few weeks. Falling
prices for nearly all island securities have demon
strated the lack of that clear-headedness and grit
strong men are wont to exercise in times of great
emergency. In reality there was less reason for
this near-panic than is usually the case when an
entire community loses its head. Had holders Of
solid securities stopped to think it would have
been Immediately apparent that the present course
of world events is adding strength to the position
of every producing enterprise, instead of weaken
ing it. .- asE,G t@.~
The apparent facts are these, that every mer-
chant ship sent to the bottom OF the ocean by
German ruthlessness in the Atlantic's bull fact
or affecting freight rates and the cost of water
transportation This hits our competitors in all
lines of production to much greater extent than
it affects us. This is erninently true as regards
sugar. coffee and tobacco. Our planters have a
short haul to market under the most favorable
conditions Of delivery. .&t...
Hawaii can deliver many cargoes Of produce,
expeditiously and in complete security to assured
customers. 1t is needless to reiterate that the
name Hawaiian" has become tasman for the
sale OF all manner OF products. This point of
origin means much in the eyes of some twenty five
million consumers throughout the region west Of
the Rocky Mountains.
IL Is quite probable that alter next September
rapidly diminishing direct trade will ensue be-
tween Island ports and the Eastern seaboard
With the re6neries along the West Coast enlarged
and so improved that their capacity is wellnigh
doubled, with the Pacific Coast markets calling
for all products bearing the Hawaiian" label, with
freight rates on the Atlantic side mounting by
leaps and bounds, the man who cannot the
rainbow promise OF far greater prosperity for Ha-
wall is indeed faithless and color-blind sort of
commercial agnostic incapable OF forming his own
Judgement, and believing nothing
Every time ship is sunk or wrecked the differ
ential increases in favor of the producer nearest
the market, The identical principle applies here
as in placing valuation on farm lands or city
real estate. Property nearest the center OF trade
is the most valuable Hyg@3yg@ 70 '..."
When the German destroyed the machinery in
some hundred or more of their freighters resting
within the protection of the Stars and Stripes they
did all that was possible to retard the commercial
renaissance of their own country after the close
of the European war, and have rather effectively
made it difficult for surplus beet sugars OF their
own making to reach the United States
The Cuban revolution has been brewing six
months or more Those who keep abreat of cur
rent events outside the war zone and mining stocks
were not surprised at the sudden eruption Faith
is always rewarded if it is given to the land we
live in, and the industries thereof
Sugar is going to be rather scarce article, and
decidedly costly one for many years to come
The same reasoning applies to coffee, seasland
cotton tobacco, pineappes rubber, sisal and many
other tropical products grown in Hawaii.
If ever there was a land and time, Hawaii is
he place and the future is ours,