The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-10-19

That did not look very bad here, but the
"Sun 30 one Of the most influential papers
had given him one OF the worst drubblng>
he had ever had from any paper II
stated that there was i man ia Washing
ton whose capacity for mischief was 50 faI
above that of Spreckels that he should not
be named in the same day, and the society
he represented came III with their report
saying ne was there for that purpose; and
that he had many thousands Of dollars
at his back to do so. 4 yoice-It was 4
de He knew it was lie, but that was
what the paper said He was not afraid OF
the men in the halls of commerce, bat
those outside-these men who write. He
was afraid OF the ignorant rabble outside,
not the Senators. Ii the time should ever
come when the San Francisco "Chroni-
cle's" idea should be carried out, and men
went into Congress pledged against all
reciprocity treaties, then the planters could
not hope To conquer. The congressman
might say they were not i'll favor OF these
views, but that they must give effect 10 the
wishes Of their constituents. IN the face
of this, what good was being to be done by
the publication. They would not induce
people To change their minds by pointed
remarks.
Mr.. Baldwin moved that these remarks
about the Reciprocity Treaty be stricken
out and a simple statement Of the Treaty
as it now stands be substituted before the
publication OF the report. Agreed to.
The report was then adopted. and it was
resolved to publish il as amended but the
portion relative to the Treaty has not yet
been furnished
Mr.. Macfie desired TO know how many
and which Trustees were present ut the
meeting in August, when the resolution
was passed recommending that the consid-
Grafton Of the dissolution of the company
should come at the general meeting. He
was Trustee himself, and knew nothing
about it.
The Secretary said that Messrs. Dole,
Castle, Jones, Glade and Thurston were
present. The meeting was held on the
10th of August. The question arose out OF
the difficulty experienced ia inducing a
large number OF stockholders 20 pay their
assessments. That meeting was called to
consider the payment OF certain accounts.
The point was raised by Mr.. Jones, who
said it was very little use approving bills
when there was no money TO pay them.
He had been made personally responsible
TO the bank and was not willing to accept
the responsibility in the future. If he CON
tinued to hold office as Treasurer the com
pany must be established on some basis
which would not subject him to that liza
bility.
The President said the next business was
the election OF new Trustees.
Colonel SpalGing said he would like to
discuss the question as to whether The
Planters Monthly" could not be pub
lished on an Independent basis.
This was reserved for discussion in the
afternoon session, and as the Treasurer
would not until then be ready with his re-
port, recess was taken at II 20 a. M. until
o'clock.
On reassembling, Mr.. p. c. Jones read
his balance sheet, which showed the bal
ance at the beginning OF the year to have
been 1924; the collections during the year,
So, 487; the expenditure, S3,679; leaving a
balance in hand of 1892 Inasmuch as the
report has not yet been audited, its publ
cation in detail for the present is withheld.
The Treasurer, after having read the
balance sheet, said that during the year
the assessments had not come in very
readily, and in order to keep things going
he had at times been personally response
BILE for an Over-draft of 81 900 at the bank.
The Secretary had asked him if he could
suggest any plan whereby the institution
L. 4 hon no n
liability 1t was this that had induced
him to originate the idea of considering
the continued existence of the association.
He did so on account of the deficiency OF
funds 1t was, IN his opinion, too heavy a
tax upon some plantations to pay what
they do There should be a reimbursement
of the shares or of the mode OF
raising money. He did not ques-
ton the utility of the association.
The Planters Monthly" at present was
an actual loss. He thought there were
about forty plantations which would be
telephone 900 into the arrangement Colonel
| willing ,o.-,. distributes
Spalding had spoken G6f. Tie < gwen 50. 80
| Of the magazine was productive OF very
| beneficial results. The company hac
also paid for the distribution of
| pamphlet by Mr.. Whitney, representing
| the Sandwich Islands as the center of tn,
universe. Mr.. Carter had spoken to hin
of the influence that pamphlet was likely
to have.
The balance sheet was ordered to be
filed.
Mr.. Jones said he desired to call atten.
ton to a statement which had appeared in
the ADVERTISER, to the effect that this
association had paid out money for Ha.
waiian politics. lColonel Spalding: That
was before the change of Ministry They
would probaly retract now He wished to
to state that during his incumbencv as
Treasurer not one single dollar had been
paid out either directly or indirectly by
himself or anyone connected with him for
Hawaiian politics on behalf of the P. l..
and S. Company. He however, admitted
having paid money out of his own pocket
for political purposes. (Applause).
Colonel SpsIding said that the ADvER-
User had shifted about so many times
during the last few days that it was hardly
fair to call upon them for retraction.
They were no doubt heartily sorry now
that they had ever favored Mr. Gibson.
(Laughter).
The President said that the next bust
ness, according to the rules of procedure.
- > H.. Il. g,eFT