28 Apr 1899
Page 1
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Newspaper
Evening Bulletin
Location
Honolulu, Hawaii, United States of America
Date
Apr 28, 1899
Page
1
A gathering at Chinese clubhouses discussed raising funds to back a bill in Congress to remove restrictions on Chinese immigration. The plan mirrors the McKinnie measure, which failed to get a favorable report. The proposal would allow free admission of Chinese readers who can read the U.S. Constitution in English or Chinese.
The American Sugar Company's shares have fallen by about fifty for paid up and fifty five for assessable in a month. Brokers seek reasons, citing large sales by holders to raise funds for other plantation stock. Market stringency also hurts stocks, though no intrinsic fault is found in the American plantation.
Proofs of the illustrations in the Hawaiian Book of Information have been received in bound form at the Foreign Office. There are more than sixty pages of date-stamped plates, many in color. Minister Cooper and Secretary Potter selected the photographs. There will be from 60 to 100 pages of letter press. The cover will be a color work of art for The Bulletin, 75 cents per month.
Negotiations between mainland syndicate representative Mr Hecht and Senator Baldwin collapsed as local shareholders refused to sell 10 000 shares at 225 each. They refused the option price for the full amount, and Mr Hecht plans to depart for home aboard the Moana tonight.
Janet Waldorf and her company staged Much Ado About Nothing at the Opera House. The performance drew enthusiastic but smaller crowds than earlier nights yet was cleverly presented with strong leads and few amateurish moments. Mrs. W. O. Lackland returned from the Colonies aboard the Moana, with many friends meeting her at the wharf. Some Moana passengers bound for San Francisco cannot sail due to through passengers holding priority.
In Hawaii a preliminary outline nests a proposed First American Bank of Hawaii with authorized capital up to five million dollars. Libenthal and Seligmans back the effort, seeking popular local subscriptions of up to 500 000 dollars while limiting single holdings. The bank would act as U S fiscal agent in Hawaii and later become a U S depository, with plans for a Savings Bank and Trust Company and expansion of capital as conditions permit.
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