each, besides getting cash in Honolulu, whereas now his sugar is usually sold at three months in San Francisco, and he probably loses six months' interest, reckoning from the time his sugar leaves the plantation.

This arrangement, several planters told me, was profitable to them; but it was discontinued--it was not to the advantage of the agents; its discontinuance was no doubt a blunder for the planters.

Moreover, the Australian market has been too long neglected; but the advantage of possessing two markets instead of one is too obvious to require statement.
It is a reasonable conclusion, from all the facts in the case, that sugar planting can be carried on at a fair and satisfactory profit in the Hawaiian Islands, wherever skill and careful personal attention are given, and due economy enforced by a planter who has at the same time sufficient capital to carry on the business.

The example of Captain Makee and Mr.
A.H.Spencer on Maui, of Mr.Isenberg on Kauai and others sufficiently prove this.
If I seem to have given more space to this sugar question than it appears to deserve at the hands of a passing traveler, it is because sugar enters largely into the politics of the Islands.

It is the sugar interest which urges the offer of Pearl River to the United States in exchange for a treaty of reciprocity; and it is when sugar is low-priced at San Francisco that the small company of annexationists raises its voice, and sometimes threatens to raise its flag.
There is room on the different islands for about seventy-five or eighty more plantations on the scale now common; and there are, I think, still excellent opportunities for making plantations.