Ke Alakai o Hawaii, Volume IX, Number 29, 27 October 1936 — How Roosevelt "Wrecked" Hawaiian Industry [ARTICLE]

How Roosevelt "Wrecked" Hawaiian Industry

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those same corporations paid only $9,657,164, while, as related previously, they have paid $12,188,000 in the first nine months of tnis year. And it must be remembered that tliis total of $12,188,000 for the first nine irionths of 1936 does not include the many special and extra dividends for whieh the Ilawaiian corporations are so famous arōund Christmas time. Specials, Extras Still To Come If those extra and special dividends, whieh some of the Hawaiian corporations are beginning already to declare for payment around the holiday S , are taken into consideratioii, it, ean be seen where the dividends and profits of the Hawaiian corporati6ns, instead of amounting to only $9,657,164 as they did for all of 1932, will amount to twice or more than twiee of that amount! "Roosevelt The Wrecker!" What do these Hawaiiah c.orporatīons want of a President of the United States? Do they think that under a return to the regime of the helpless Mr. Hoover, as represented by the vacillating, weak Governor Landon, their profits would have doubled in the past four years? They khow ī>etter! They know that if it had not been for President Roosevelt and the New Deal, they wouW »tOl be flo«ndermg around m a morass of depressionf with many of their corporations whieh how are paying fat dividends s doing nothing but accumulatxng vast de-ficits—-as they did in 1932! Both Governor Landon and Frank "Kh(|c^-Kiw^}c v ' Knox, the vice-presidential candidate of the kepuimean party, have told audiences in the beet sugar areas of the continental United States, that those areas should be the "sugar bowl" of America- They have declared that they would do their utmost to foster the growth and development of the beet sugar industry so that the continental Unied States shou!d no longer be compelled to depehd upon the eane sugar off-shore areas;such ās Hawaii, for any sugar at all! Can The Planters Read English? Do those statements mean anything at all to the Hawaiian Sugar Planters' Association and their minions in the Republican party? Apparently nothing at all—(hey must have been assured by Governor Landon and "Knoek-Knoek" Knox th.at they didn't mean what they said! For the genial James P. Winne, director of Alexander & Baldwin, Ltd., one of the notorious "Big Five" in Hawaii, hastens to assure the residents of Hawaii——especially the sugar planters and all connected with that indastry in effect, that: "Goverjior Landon dtd not mean whal he said at all! He was speaking in a beet sugar counlry and it was only natural that he should seek to curry favor wilh the beet sugar industry by promising to make them the predominant source for the sugar of America.. ..!f Governor Landon had been speaking in Hawaii he n ould have said the saxne thing about oui eane sugar in4ustry!" We wander whether the genial Republican National Committeeman Winne realiz?rTiV this time that his statement exposed the whole policy and fabric of the Republiean nalional and Ilawaiian (.ampatgu — 111 a beet sugar iiidusti-y, proiiiise thc people anything to the.disadvantage : of the Ainei'iean eane sugar interests. In a eane sugar' district, promise the eane sugar interests anything and| everything to the disadvantage of tlie beet sugar interests. ] Some National Poltcy! j This "promise anvthing anywliere" trend of Uie Re-' puhliean campaign to obtain votes has been exposed by 1 President Roosevelt on several occasions, wlien he said: I "You cannot promise to repeal l«xes before one au-' | dience and promise to ?pend more of the taxpayers* mu-' |ney before another audience, Tou simpty eannol make' good on boih promises at the s«me ! And Again, when he said: I "Yow cannot be an Otd Ouard Republican in the East and a New Dea! Republican in the West. . . , You slmply' eanno! good on both prom>ses at Ihe aame iune.** ' But tli|t is exactly wliat Governor Landon» "KnoekKnoek" KiAx, and John D. H, X. Y. Z. HamiUon, the effeTvment ?hairman of the Repub!ican National Committee, are ali the tūiie — forgettiug thut thelr

ments in the hide-bound east are telegraphed to the pro- * a gressive west; that their statemersts jn the beet sugar areas are te!egrap"hed to Hawaii in suoh manner that Katioiial """ Gommitteeman Winne feeīl called upon to say what !s I cnly too true—"Governor Landon doesn't mean what he is saying—he did not mean to wreck the Hawaiian eane sugar industry by fostering-the beet sugai\industry." When Can They Be Believed! In that case> just when does Governor Landon mean exactly what he is saying in this campaign—when ean the American people believe what he says in one plaee and disbelieve vvhat he says just as heatedly in another plaee; when—if ever! Now comes Rolla K. Thomas, that international!yknown authority on economics who derived his omniscient |knowledge on that subject by serving as an office secretaTyo"f thē Yōung MertV Chr!stlān ATsoeiatīon Thāt he"was promoted to a position in charge of the stoclc and bond department of the Hawaiian Trust-Co., Ltd.! Some Expert Testimony! Mr. Thomas, after a trip to the mainland, tells a Honolulu luneheon club in all seriousnēss and with a straight, Y.M.C.A. face, that "business on the m.ainland is recovering-—in spite of Roosevelt!" In spite of Roosevelt—-forsooth! And why, if this is happening under the administration of Fres. Roosevelt, did not recovery eome under the weak and vacillating policy of President Hoover? He had four years in whieh .to bring about recovery, did he not? Did he not beckon ;Miss Prosperity time and time again to just "eome around jthe corner?" j And evepy time he beckoned thus, did not the New |York, San Francisco and even Honolulu stock exchange« take a nose-dive further into oblivion? The astute Mr. Thomas, internationally-known eeonomistthat he is, had better take a look at the accompanying table before he ventures any more of these opiniona about the Unted States ,recovering "in spite of Roosevelt?"

-Why They The Democrats! For instance, stockholders in Alexander & Baldwin should hate President Roosevelt like poison, because in 1932 their stock sold on the Honolulu Exchange at $201.25, while under President Roosevelt's administration, one must pay $260 a share for that same stock—an increase of only $58.75 per share! "Roosevelt—The Wrecker!'\? And stockho|ders of Americari Factors should regard President Roosevelt's administration with the deepest <h£tred, because their. stock could be purchased in 1932— under Hoover—-as low as §19.50 a share. Now it costs $49.25-—-an increase in yalue of $29.75 a share. ' 'Roo«evelt—-The Wrecker"! Business on the mainland has improved "in «pite of Roosevelt," declaims the eeonomiea expert, Mr. Thomas, whose business undoubtedly has been ruined by these outrageous increases m the value o£ the stocks whieh he buys sel!s on behalf of hi» clientsl No 1932 Dividends — Plenty in 1936 It certainiy ipust be terrifying for stockhoiders in such corporations as Cebu, Honokaa, Kahuku, Mcßryde, Olaa, Hawaiian Pineappie, Hawaiian Sumatra, Pahang and Seiama-Dindings, and Hawaii Consolidated Railway to regard four more years of President Roosevelt in the White H<ouse! In the first nine months of 1932—under Hoover not on ® of tho»e corporations paid one cent lu dividends, aecording to the record» of Ihe Honolulu Slock Exchan*e in the / furst nine months -of 1936—under Rt>osevelt— those corporations paid dividends, respectively, of $35,000, $50,000, $3Q,000, $70,500, $100,000, $515,313, $27,900, $19,102, $21,000 and $77,250. "Roosevelt-i-The Wrecker!"? "Vote..the Straight Republican Ticket"? For the paynxent of dividends bv those corporations in 1936~as contrasted with tlieir failure to pay dividends in 1932 under Hoover—has increased the value of their shares tremendously—from $1.50 for Honokaa, in 1932, for instance, to $14.00 in 1936—under Roosevelt I Poor Waialua Stockholders! Another corporation's stockholders who should hate President Roosevelt—and fear him—are those of Waialuai In the first 9 months of 1932—under Hoover-~Waialua paid dividends amo*unting to $195,000. In the fiist 9 months of 1936—~under President Hoosevelt—Wuialua has paid totai aiviaenas of $900,000 —or aimost $1,000,000! And Waialua stockholders must bc on the veige of | suicide over what has happcnded lo lheir aloek iu ihe past |f©ur years! In 1932 — undcr Hoover — Waialua stdck couid have been purchased for $9.00 a share. In 1936— under Roosevelt—Waialua stock costs $60.00 a share! l«n*t that terrible! This Ust co«id be continued mdefmitely—but why go on; read the t«ble for yourselves. | "Hoosevelt j— The Wrecker" — M Vote the Straight | Republican Ticket"—shout the Hawaiian Sugar Planters* |Association and all their many mmions! [ Sure, President Roosevelt has "wrecked" iadusUy m Hawaii by increasin£ the capitalists* profiU by exactly 100 !Percent over what they were in 1932—uader the Haples* H®rbert Hoover! r Si»re, let'» ail "Vote the Strai«ht Republican Ticket" » Hawaii—and go back to those fearful, days iotf 1932 when the nation was on the brlak of rcvolution and disaster! wMI all of us—if h"e have all goae absoluteiy craxyl For, in the words of the Springfield, iMass.) Republiean, formerly one of the moat conserYative, staiid-pat newspapers in ihe naiion—"lf Pre&ideiu Roosevelt aad the Uemocrauc Adn?mistratioiv has not beeu in ihe paat iour years, what in the world do the peopie of tiie Unit«d tSatea want from iheir