The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1888-08-21
A BANKS BIRTHDAY.
The Seventeenth instant the rhirteth
Anniversary Of the Founding OF
Bishop N Co.'S Bank.

1t was thirty years on Friday last,
the nth OF August, since the foundation
OF Messrs. Bishop & Co.'S banking bust
ness. The original firm consisted OF Mr..
c. r. Bishop, the present head OF the
house, and Mr.. W A. Aldrich. The
latter withdrew in 1866 on the failure OF
Messrs. ChaS. W. Brooks 4 Co., and he
is now director Snd large stakeholder
OF the San Francisco Savings q Loan
Society. Upon Mr.. Aldrich's retirement
Mr.. W. c. Ralston-later the Inflated
President Of the Bank OF California
took the formers interest. Mr.. blshop
some time atterward bought Mr.. RalSton
out. continuing sole partner until May
LIST. 1879, vixen Mr. J Ii. Patty was ad-
United. he having been an employee Of
the bank from 1889, or when It was
wear old. Mr.. :. NJ. Damon was admit
ted on Sept. lst, 1881, forming with
NesSrs. Bishop and Patty the firm up TO
the present date.
Bishop K Co : Bank has been closely
identified with the commercial and IN
dustrial progress OF these islands. Their
operations began with the encourage
ment Of the whaling business, the lead
ing industry Of the Kingdom in those
early wears of its civilization. When the
sugar industry was in Its inception, as
well IS when largely developed, MessrS.
Z Bishop * CO. again and again proved Its
strong and willing right arm. Once they
borrowed 500, 900 II the abnormally
/ high rate, torsuch large deal, OF one per
/ cent. per month from = San Francisco
/ syndicate, which amount was devoted TO
riding the planting interests over peril
Gus crisis. The bank made absolutely
nothing for itself out Of this transaction,
/ but had the satisfaction or saving the
/ country by preserving its malnstay from
I falling.
+ Hon. c. r. Bishop has in all these
/ wears amassed large fortune, besides
( achieving uublemished honors as pub.
/ lie man in the Legislature, Cabinet and
/ Priyy Council. He has been liberal
( benefactOr Of education, notably IN pre-
/ senting Oahu College with the Bishop
/ Hal Of Science. besides 5000 dons-
ton 10 the college previously, and other
I benefsctious since; also IN bestowIng j
primary school building upon the IA
mehameha Schools, founded un-
/ der the Will OF his lamented
/ spouse. the Princess Bernice Pa
/ uahi Bishop. He is one OF the senior
/ Trustees Of the Queens Hospital, and
/ sitter sn interval Of several years, Is
again : member Of the Board Of Educa-
+ Ii0n IS its President
When the bank started it occupied s
mere corner Of the office now held by
Mr.. 4. J. Cartwright, il the brick build
( ing erected about 1855 on the corner OF
( Queen snd hsahum4uu streets. The
/ handsome building now owned and used
by the bank, on the corner OF Merchant
/ and ksahumanu streets, was erected
and occupied in 1871 During the first
yesr Mr.. Bishop kept the books himself,
and the banking hours during the ten
ancvof the old quarters were from to /
O'Clock. Mr.. Patty on entering the EN-
pIoy took charge Of the books, being
( succeeded in that duty by Mr.. Stillman.
From that modest beginning the InstItu-
ton has grown until the house requires
I the services OF nine clerks, namely
( Messrs. F W. 3Izcfsrl4ne, H. N. Still
man. c. J. Deering, J. VI DOwsett, J.
Il. Fisher, C Hust4ee, II, c. Nett, J
( Oliver Carter, IT., znd c. i. GeLstte
The thirtieth anniversary Of such an i'm
portznt establishment Is Bishop q CO.
Bank deserved TO be made red-lsttel
day IN this wears Hawaiian calendar.