The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1885-06-15

/ their stock? A.-No. sir.
O-How much stock WAS in that com
/ pany, sir A.-One hundred Thousand
Glow much did you have? A.-soms-
/ thing. l guess, about 5000.
Q.-How much did your sons have! A.
Q.-How much did that make in ala
/ About 81. coo.
Q.-Have you still got your stockl A
/ l may remark. sir. that l have thousand
! shares from Mr.. Tillman. paid him $50 =
/ share for it. l paid him $4,000 for a
| thousand shares.
Q.-Have you got the stock that you had
/ originally? A.-Nes, sir.
Q.-HRve you got the original certificates
/ representing that stock A.-Yes. sir.
Q.-I Will ask you II you have ever SOLD
4 any of your stock! A.-No. SIR.
Q.-And. as understand you before 20
/ say. your sons have not. Is that so A
l Well. after any stock was selling, August
/ cut up his 1900 shares. Whether he sold
/ any Of them l do not know. but he cut
/ them up. believe he put them in trust OF
/ the Secretary. / Go not know whit tho
! stock was selling for, ten, twelve or five
/ dollars. l do not know, when ne cut up
| this 900 shares.
o.~What had you to do. if anything.
! with declaring the dividends mentioned
Odd you IL any way recommend
| them A.-No. sir. When / got letter
| from Governor Low. stSting-
Q.-I will ask you, hr5t were you here
| when they were declared! A.-No. sir.
| Q.-Go on. then. A.-Goveruor Low
| wrote me q letter; He said : They ere
| going to declare dividend"
Mr. Lloyd-We object 10 his stating
| what Governor Low wrote TO him.
| Mr. Taylor-WeIi, let that go out.
! Wituess-Well, was opposed to declRr.
ing the dividends.
Q.-And you were away when they were
declared2 Al was away between six
! and seven months OF that time.
Q.-Where were you, sir! Al was at
| the Islands to bring in more water for the
| Hawaiian Commercial Company. l was
| on the island of Maui most of the time,
! right on the spJt.
NO ONE RoPED IN.
o. will read q portion OF this article
| to you and ask you about it. That Will be
the best way. q" r ping in the Public.
| The Incorporating directors were James
| de Fremery, Antoine Borel George A
| Low. William BRbcock and l. Lawrence
| Pool, and the total amount OF stock sub.
! scribed for was $3.50, or twenty-five
| shares at SIOO a share The large surnIuS
| over 8 majority of the stock was immedi-
ately put upon the market. and a consid.
cradle amount of it went Off at $40 .
share
Mr.. Taylor-Never mind; strike that
| out. 1t would involve long question TO
| but very little purpose. Strike out what ]
have asked in that last question. How
| many men did you employ here. Mr..
! Spreckels} Ain san Francisco
| O.-N oS, SIT.
Mr.. Campbell object to that as irrele-
| want incompetent and immaterisl.
| Mr.. Highton-I viii state the point of IT,
your Honor. There are good many of
| these articles which refer in very severe
terms to the alleged treatment of EN-
| ployees of Mr. Spreckeis, and the language
| in some places is not limited to the Sand
i witch islands. 1t speaks of his general
| treatment OF his employees. Now, then,
| we desiTe to show the number Of persons
who are employed through Mr. Spreckels
erulf fba
| fact that there is no question as between
him and them Of that kind, or ever has
been, for the purpose Of repelling any pos.
| sible insinuation which may be derived
| from these articles. We have q right, Il
| seems to me, in connection with those arCl'
| cles TO show what his business IS. Whlcn
| already sufficiently appears. the numoef oI
| persons he employed. the TACT that MS re-
| lationS with certain erSons have always
| been flea ant aud agreeable, and the TACT
| hat theJ Z - no word of truth accordlnB 10
| hIs conception of the fact. in any OF these
| srti 'ics. either in their direct charges or IN
those matters which are necessarily i'm
| plied ia o. iHsinuated by them.
| Mr.. i.lOvd-The objection was as to the
| question o. the employment or men In
| this city. The gentleman says that thero
| are articles rejecting on the men. nave
| no recollection of any such articles, ana
| gentleman here who is well informed tells
| me that there are no such articles. ask
| counsel TO point TO the articles he refers TO.
If the gentleman asserts that there is such
them and can point them out.
The Court-Point out the article.
THE sUGAR-BAITED TRAP.
Mr. Taylor - Here is the quotation :
The Sugar-Psitcd Trap What are you
sation between tho ChrOnlcte reporter
and merchant in the article OF Novem.
| Der I6 1881: '.Oh, we will sec Several of
| us will take the matter in hand, in all
| probability. The Directors who declared
| a dividend when none had been earned,
| and who borrowed money wherowith to
| pay it, are liable TO q criminal prosecution.
| They are also civilly liable to the stock
holders. How they sold that stock all the
way from $40 to 500. A number of Ger
mans have heard have been made to put
| their money into the affair. l know that
| q great many of s rockets employees. the
! captains, engineers and officers of his yes
| sells, have also been persuaded to invest
| their money in il. Some of Spreckels'
best friends, members of prominent bust
| ness firms, have been mulcted. | know OF
! one man who put S65,OOO INTO this planta-
| ton now so we'll improved, as IL turns
| out, for Sprec1els' individual benefit" 1t
seems to me that Is sufficient foundation
| for the question.
| the number of persons he employed here
| The question is as to whether any of his
| employees did purchase any of this stock,
| and what price they purchased it at, and
| what they sold it at and what representa-
| tions were made to them In relation to it,
and that is all here is about it.
| Mr.. Highton-He says we swindled our
employt es. We want to find out how
! many we sWindled.
! Mr.. CumpbeIl-We do not say that you
| swindled your employees. 1t says that
| some of the persons who were employed
| were roped in to buy stock. Let us SEQ
| that paragraph again, MIR. Taylor. know
| that great many OF Spreckels employees,
| the ca plains, engineers and officers Of his
/ vessels, have also been persuaded to invest
| their money in it.. That is all they have
! done. What is alleged here is that certain
| employees of Spr. ckels, the captains, Off
| GERS and so forth. of the Steam Navigation
| Company. have been persuaded to invest
! their money in this stock. Now, what haR
! that got to do with the number of employ
! ees they have! The question would simply
| be whether he knows of any OF his em-
! plOyees being persuaded TO buy this stsek
! That is all there is about it, and that is all
| there is to contradict about it. There is no
! question raised here about the number of
| people that he has in his emf loyment, at
ali. 1t Is going entirely outside Of the
| case.
The Court-He can answer the question.
Mr.. Taylor-How many men do you en-
! ploy, Dir. Spreckels! A.-What do you
mean, directly or indirectly9
Q;-Directly. A;-Now, am connected
With the Oceanic Steamship Company, tho
California sugar Refinery, and l. am CON
hected with the barrel company, so do
net know. am not tbs owner entirely OF
the California Sugar Refinery, and am
not the entire owner Of the steamship
company, 20 l want TO know how to
answer the question.
Mr.. HightoR-I suppose the whole num-
Der Of employees in these companies-the
whole number of employees IN all these
companies.
Mr.. LIoyd-I submit that that Is net tho
question. II he is only stockholder he
does not employ them. l have got stock
in the Consolidated Virginia, but I do not
employ all the men in the mine, 400 or 500
of them.
The Court-Let him answer the ques-
ton generally. How many persons are en-
Bloyed by the corporations spoken OF Ia
the articles read. Al think about 2,0oe.
Mr.. Taylor-What do you know about
any of those employees having been rOped
in TO buy stock, or persuaded to buy stock
in any of these corporationSl A.-They
never have been rOued in or persuaded or