The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1888-10-31
PLANTERS IN COUNCIL.
Second Days notwithstanding of
Reports - Committees Appointed
Adjournment.

UGnC DdIuWIu dG III d ILL., Lie iOIIOWIuS
gentlemen were present: Messrs. Bald
win, Glade, Schaefer, Spalding, Smith,
Horner, Jones, Cooke, Goodale, Hal
stead, Geo. c. Williams, Walker, Whit
ney, Hall, Bond, Knudsen. Among the
guests were His Excellency the Ameri-
can Minister, His Elk. L. A. ThurstOR
and others.
Secretary Smith read the minutes of
the last session which were approved.
Secretary Smith, from the committee
to which was referred the matter of re-
organization of the Society, read the fol-
lowing report:
To the Stockholders of the Planters
Labor and Supply Company:
Your committee appointed to consider
and report upon the subject of the re-or-
ganiZation of the Company present the
following report:
After consideration and consultation
we have arrived at the conclusion that
we cannot recommend any change in the
organization of the Company, for we be-
lieve it better that the organization
should be maintained as at present es-
tablished under the charter of incOrpOra-
ton; but in considering the objects OF
the association and promoting its etfici-
ency, we have concluded to make recon-
mendatiOns upon several points.
The first relates to those stockholders
who are in arrears in the payment of as
sesSmentS.
The second to the method of securing
funds necessary for defraying current ex-
penses.
And third to the extension of the work
with the object OF encouraging the devel-
Opment of agricultural products to which
the Company has not heretofore given
special attention.
First-We recommend that stOckhold-
ers in arrears for assessments heretofore
levied be restored to all the rights and
privileges of stockholders upon their
again taking active part in the affairs OF
the Company, and hereafter paying their
prOpOrtiOnate share of the current eX-
penses. That all such stockholders 80
engaging be discharged from liability
under past assessments.
And that greater efforts be made to
encourage all the sugar planting and
manufacturing interests of the country
to combine with the company in seeking
the common good. These interests will
not only be thus benefited, but the well
fare of the whole country will be con-
served.
We submit herewith an amendment to
Article ". of the By Laws, providing
for the restoration of delinquent stock
holders, in accordance with the foregoing
recommendation, which we trust will be
adopted.
Second-We recommend that for the
coming year no assessments be levied
upon the shares of stock, but that an an
nual membership fee be paid as follows:
Each plantation or mill interest to
pay $25.
Each individual stakeholder to pay So.
About 81 800 will be required to pay
the present liabilities of the Company
and to pay the running expenses during
the year. And if all the plantations
whom it is reasonable to expect will CO.
operate, and the individual stockholders
will bear this light expense the financial
needs of the Company will be provided
for.
If this plan is adopted the contribu-
tions will not be in the nature of stock
assessments, but merely as annual fees.
Third-We recommend that three new
standing committees of three members
each, be appointed from among the
stockholders, to investigate and report at
the next annual meeting upon the follow
ing industries, namely:
l. Coffee and Tea.
2. Tobacco.
3. Ramie.
We believe that attention should be
given to every agricultural product which
may tend to develop the resources of the
country. And we trust that careful re-
search and thought may be bestowed
upon each of these subjects
We further recommend that the Board
OF Trustees resume the practice of hold
ing stated quarterly meetings. We be-
lieve that such regular meetings produce
good results.
And that the Board of Trustees take
into consideration the ACCESSIBILITY of
holding an agricultural fair at Honolulu,
during the coming spring or summer.
And that they be authorized to take such
action in the matter as they may deem
best.
We would also recommend that Art
V. of the By Laws be amended so as to
admit of the annual meeting of the Com
pany being held during some month
other than October in case it should seem
advisable so to do.
In conclusion we desire to express our
appreciation of the beneficial results
which have been attained by the Planters
Company, and our belief that with con-
tinued effort very much more may be
accomplished in the future for the per
fnanent prosperity of the country.
Respectfully submitted.
Honolulu, Oct. 80, 1888.
PROPOSED AMENDMENTS TO THE BYLAWS.
Amend Article " by adding at the
end thereof the following:
Provided, however, that nothing
herein contained shall prevent the com
pany from restoring to any delinquent
stakeholder all the rights of stakeholder
without paying past assessments. Such
restoration shall only be made upon a
two-thirds vote of all the stockholders
present at any duly qualified meeting"
Amend Article V. so as to read:
g Article Y. There shall be an annual