The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1893-05-04
DILLINGHAM; RETURNS.
o. r. & L. AFFAIRS DISCUSSED
AT LENGTH.
Unsuccessful After. Many Trials
Sanguine as Ever What He
SAYS About the Bonds.


the Oahu Railway and Land Company,
returned by the steamer from San Fran
cisco this morning. Mr.. Dillingham;
looks the same as ever--the same old
genial "Ben.," who has made a great
many people what they are, who has
started enterprises which have been
bonanzas to everyone save himself, who
is, truly and fairly, the pioneer, in rail-
road enterprise, in these Islands
Thirteen months have elapsed since
Mr.. Dillingham; left, They were
months of waiting in New York and
Boston, months of trial, months of sick
ness from hope deferred. He returns,
handsome and manly, sangulne as ever
and buoyant with the hope that all is
not yet lost, and, excepting long and
heartfelt sigh once in a while, which
shows the deep disappointment he
feels, one cannot distinguish any change
in his old personality.
81 am glad to get back" said Mr.,
Dillingham;, "and see once more my
family and old friends; but | cannot
say that forget that many have look
ed to my return too anxlously to make
it pleasant | may as well say it plain
ly-I haze not been successful. To
commence with, General Wiley, you
will remember, cane here last October,
as agent of the Investment Insurance
Corporation of New York, who were to
guarantee and float an issue of bonds
of the O. r. & L. Company, amount
ing to $2,ooo,ooo. They were to run
20 years with interest Of SO which
were to be taken by the Lancashire
Trust Mortgage and Insurance Cor
poration Id. of London.
General Wiley looked over the
ailroad'sproperty carefully and method
ically. The Loan companies had been
furnished with full information and
statistics by me, and Wiley checked up
my statements very Systematically.
Upon his return to New York, in Nov
ember, he not only verified my figures
as to the earning capacity of the prop
erty involved, but made it three times
as guch On the sd of December last
Managing Director Drummond of the
Lancashire Company in New York, mott
fed me that the negotiations with the
home company were eliminated, and
that l might look for the money by the
first of February following at the latest
now felt as though my object was at
last accomplished and wrote my friends
here to that effect. A twenty year,
five per cent bond, in a good country
and a strong government, is not bad
proposition, but with affairs as they
were here 1t that time, a change of
cabinet with every change of the moon,
and lack Of stability in the ruling
power which was even then felt, | ate
my Christmas dinner with my children
who are at school nelr Boston, with
some pride at my success, | saw then
the end of my struggle and daylight
ahead. During January lived in the
east looking up various railroad eX
periments, and gaining the knowledge
and experience that l knew would be
of good use when the rails of our com
pany would belt the whole island OF
Oahu, and extend through those fertile
plains of Waianae, Waialua, Kahuku
and Waimanalo, the dream and am
btion of my life. The first day OF
February now came along, but it had
been preceded by the news of the rev.
olution of January 18th, the dethrone
ment ofthe Queen and the establishment
of the present government. The bono
negotiations ceased as suddenly as i
the earth had opened and swallowed
up Hawaii and our railroad property
There is nothing more to be said II
regard to my stay in the east. waiteC
little longer in the east, stopped con
tracts for rails that had been ordered
and Strengthened every thing up tina
looked to the commencement of TIT
work which l was SO sure would bt
commenced, having a certainty In thu
floating of the bonds. The news o
the poisoning Of the soldiers reached
me en- route and only added to m.
mental discomfort" Here the reporte
smiled, but his smile changed int
sympathy for poor Dillingham; when h
heard him sigh deeply; "You mal
laugh, but it was no laughing matte
for me, with the nervous strain | wa
under" continued Dillingham;. eth
news of the pulling down of the fla
had just reached us and we all though
of course the poisoning was only tn
next in succession to a series of attack
which would be made by the royalst
upon the government.
am doing the best can and n
one can do more If the people Civ
us a strong protected government,
will get the millions need now and a
much more as the future shall demand
by simple draft on London, but unit
such time we had better close on
offices and go out and rusticate, ava
from the cares Of a business, which
no business at all, for We shall have n
money to run it with Now goodbye.
The breakfast gong had been ringing
for sometime and the veXed but sml
ing face of Mrs Dillingham; had peere
g., 81 cI