The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1891-01-26

Number of stations taken out
from Aug. 81, 1889, to Aug.
81, 1871 .................. ~ %
Total stations Aug. 81, $780,. GAS
Mr.. Anterior remarked that if all
rents had been paid, there would be
a surplus Of $l400.
Mr. Schaefer moved that the re-
port be adopted, subject to being
approved by another auditor (refer-
ring to the absence of Hon. w. f.
Allen, Auditory. Seconded by Mr..
Cooke and carried.
The mover on being told that Mr..
Allen would be home on Feb. . sug-
gested that his arrival be awaited.
1t was suggested that new officers
were to be elected today anyway,
but reference to the laws showed
that the Directors chose the Auditor.
Mr.. Schaefer suggested that, as
the officers held office till their sue
cessors were elected, the meeting
might pass over that order and pro-
coed with what was perhaps more
important business.
Mr.. Atherton moved, it was
seconded and carried, "that we pro-
coed to new business and pass over
the election"
President Widemann read COM
munication to the Directors from the
Secretary of the Hawaiian Bell Tele-
phone Company, proposing CONSOLE
dation on the basis of an equal divi-
sion of the 100000 stock involved.
On this the Directors had taken ac-
ton by asking the Bell Company to
furnish statement of its affairs.
This statement showed receipts of
Sl4 Ala "a, and expenditures of
Sl4 APO. IS, There was cash on hand
at the first Of the year Sl222.72. An
account OF S727.15 was due the Ha-
waiian Hardware Company. Stock
to the amount of $500 had been
sold. Rentals amounted to S10,-
321.60.
A member remarked that the
statement showed in reality that the
Bell had gone behind 5000 in the
years operations.
Secretary Berger read further
minutes of the Directors, to the eff.
feet that the Mutual had made a
counter proposal on the basis of
$50, 900 Of stock to the Mutual and
$40, 900 to the Bell, which the Bell
directorate had accepted.
1t was ordered on motion that the
financial report of the Mutual Com
pany be published for the informa-
ton of stockholders, and the docu-
ment as it appears above was handed
to the BULLETIN reporter.
MIR. Hopper asked what company
would absorb the other.
Alr. Patty thought the Bell, as hav-
ing the better charter.
The President did not know about
that. 1t was only claimed to be so
by the Bell.
Mr.. Atherton-That was all dis
cussed last year, and that was the
conclusion.
The President There is one thing
in ours that is not in theirs--the re-
curing of cables wherever practical
bic, and that is an Improvement.
The Secretary read the provision
in the charter as to cables, requiring
their use if the wires could not be
put under ground.
The President-in answer to re-
mark that the wires could be ordered
down if deemed anywhere common
nuisance by the authorities-said the
Bell was as much subject to that pro
vision as the Mutual under the com
mon law.
Messrs. Jaeger and j. A. Hopper
started a conversational discussion
as to rates under consolidation.
Mr.. Thurston, to bring tie matter
to head, moved resolution that
the terms of consolidation be accept
ed subject to joint action providing
for maximum scale of rates.
Otherwise, he said, the original Oh
ject Of the Mutual Company, to have
equitable rates, would be defeated.
The President said the object of
consolidation was to raise the rates.
The Bell wanted its rates raised be-
cause it could not go on at the pre-
sent rates.
Mr.. Ables understood that the pre-.
sent rates Of the Mutual were to he
adopted.
Mr., Schaefer supported Mr., Hop
per's suggestion that a maximum Of
rates should he established say 81
for business houses aud SO for pr,
yale houses. Not that these rates
should bee adopted except ia ease u
necessity
Mr. llayseldeu ,uld that hom lhc
discussion IL did not appear 10 him
that lhry we're Ga get auy brnril
from consolidation ~ would llhr
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