The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1862-05-29

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IA company. under the aoove "rr; N 1g iOlS" ~ PASS
list. mIhe Somrany ,i to consist ,P PIi Pcipai1s OF "a all IT. the S,a sugar
Islands No one Of which to hold a prepondera'ing interest in
the Company, or if they do. to have only the same vote as
Shareholders with less interest.
al-Tt is proposed to purchase the steamer 8" Kilauea -" as
Steam Navigation Company, at a fair valuation.
3l-To apply to the legislature now in session, for a new
Charter extending the time of the present one to fifteen years
and to grant the new Company a subsidy for carrying the mails
and to be allowed also to own and run schooners if they choose;
but the schooners to have no special privileges. The Company
to run a steamer Of not less than $50 tons.
paws her eyrenses. o until She can be sold. when a suitable boat
Is to be purchased or ordered, such as the Company may decide
5,h.-To purchase clipper Schooners, or admit them into the
Company at a Y valuation. The Company to run them until they
find by experience, whether it will be to their interest to replace
them with. or convert them into steam vessels.
Public. as well as the new Company, pace themselves in an
absolutely safe position, for they will have it in their power to
command the freights, and to run steamers or sailing vessels, or
gsn r, interest whist the nI.nters will never be iet without
vessels to bring their produce TO market. The object Of divid-
ing up the shares Is, besides the evident one Of interesting the
~ the interest that each person holds being small, and also
each shareholder owning a share in a number OF comparatively
small vessels, one insures the other whilst should their large
steamer be lost, the schooners or steam-schooners would do a
good business. aud pay interest on her cost and their own until
With regard to the Charter to be applied for, no delay need
account, as until il; is obtained the purchase will not go into
effect unless by consent Of the shaTeh9itsrs;
approved notes ef any Planter, Merchant, or citizen will be
taken for the property to be purchased.
he approves OF the steps taken, and resolutions passed at the
first meeting OF the subscribers. the date Of which will be duly
advertised and if he does not approve Of same, he can with
draw his application
Applications for shares will he received by the undersigned
in the form hereto annexed. 1t is proposed that no one firm or
individual be allowed to take more than $4,000 interest in the
new Company. or IL they do, that they will have the same num-
Der Of votes a a Shareholder. holding 5000 stock
All applications for shares viii be granted in the order they
are received 10y the undersigned.
W. l.. GREEN. Secretary to the
Hawaiian Steam and General IHter-Islaud Navigation Co
Germ o: application for Shares)
(Date)
SIR:-we viii thank you to enter our names for S-----.---.
OF stock in the Hawaiian Steam and General Inter-Island Navi-
CATION Company, on the understanding that We are allowed to
withdraw our application. should the general course Of action
at the first meeting Of the Subscribers not meet with our appro-
baton, or the terms Of payment not suit US
W. L. GREEN, Secretary to the
Hsw. Steam and General Inter-Island Navigation Co.