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es 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. The sugar lands unoccupied are not high-priced; and men skilled in this industry, and with sufficient capital, can do well there, and live in a delightful climate and among pleasant society, in a country where, as I have before said, life and property are more absolutely secure than anywhere else in the world. But I strongly advise every one to avoid debt. It has been the curse of the planters, even of those who have kept out of debt, for it has prevented such unity of action among them as must have before this enabled them to effect important improvements. For instance, were they out of debt there is no reason that I can see why they should not succeed in making their market in Honolulu, and drawing purchasers thither instead of sending their sugar to far-off markets at their own risk and expense. If ships can afford to sail in ballast to more distant islands for guano, calling at Honolulu on the way, it is reasonable to suppose they could afford to come thither for the more valuable sugar cargoes. [Illustration: WAILUKU, ISLAND OF MAUI.] The planters err, I think, in not planting the mountain sides, wherever these are accessible and have soil, with trees. The forests of the country are rapidly disappearing, especially from the higher plains and the grass-bearing slopes. Not only is the wood cut for burning, but the cattle browse down the young growth; and a pestilent grub has of late attacked the older trees and destroyed them in great numbers. Already complaints are heard of the greater dryness and infertility of certain localities, which I do not doubt comes from suffering the ground to become bare. At several points I was told that the streams were permanently lower than in former years--of course because evaporation goes on more rapidly near their head waters now that the ground is bare. But little care or forethought is exercised in such matters, however. A few extensive plantations of trees have been made, notably by Captain Makee on Maui, who has set out a large number of Austral
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