The Indianapolis journal., 1893-01-31
FLEECING STOCKHOLDERS.

L
Seattle and San Diego.
FLEECING STOCKHOLDERS.
How SpreckIes Is Alleged to Have Worked
the Annexation Scheme to His Own Profit.
Specialize the Indianapolis Journal.
CHICAGO, Jan. 30.-A dispatch 20 the Her
aid from San Francisco says: "The fine
Italian hand of Claus Spreckles was seen
to-day in the way Commercial stock rose
from 81 to s. share. Last November he
called q meeting of the board of direct
ors of the Hawaiian Commercial
Company, and told them the
company was 100000 in debt. the
sugar industry on the islands unpro6table.
and to avoid bankruptcy an assessment or
could not pay the fearful assessment. The
day OF sale came last Friday. just
twelve hours before the steamer
Ciaudino appeared with the news
arrival was not timed it was fortunate for
Spreckles, for when the sale occurred about
noon there were only few present and the
future of sugar stock never look more
gloomy. 1t was found that only 1900 shares
had paid their assessment. leaving 45.-0J
the s''' highest 10 bidder. The farce
Of a sale was carried out Stevens, clerk
of stock, giving from to Is cents share
for stock that had been sold out by
Spreckles eight years ago for from 500 TO
$50 share. There is no chance to recover
any of this stock. as all the proceedings
were legal. When Hawaiian Commercial
stock was quoted at one jump at % there
were curses loud and deep among the for
mer holders and brokers over the way they
he'd been chiseled by Sprecklcs. Ii the
annexation furore continues there is no
reason why Spreckles shOnld not run the
stock up to $50 or $40. as 1t will be cheap at
those figures should this country annex
the islands and thus restore the old bounty"
Britain and France Cannot Interfere.
SAN Francisco. Jan. 30-HawaiianC Com
missioner Thurston, before departing for
Washington, said: I'm 1913 England and
France entered into q treaty between
themselves. to which Hawaii was
not party. by which it was
mutually agreed not to interfere with
Hawaii. They asked the United Stales to
join them in the treaty, but were met with
u refusal. In o number of instances subse-
quently both England and France have
requested the United States to act
II G0sesTt with them but noans tine
alOof and being prepared to take whatever
action was necessary in the interests of
her citizens residing on the islands. The
treaty. therefore. Is one which prevents
either England or France from interfering
In Hawaiian affairs without committing
breach of the treaty Of 1Si3, but IL does not
prevent the United States taking whatever
asS w hf tho ss haa
al before we left, having form
ally recognized the provisional gov
ernment. With regard TO Germany
may say that the consul general at Homo
lulu stated that his specific instructions
were that Germany would not take an In
terest In the political future of the islands,
but solely In the commercial interests and
he was always to act in that capacity.
Views of Claus Spreckles's Partner.
NEW YORK, Jan. S0.-William G. Irwin, q
partner of Claus Spreckles in the sugar
plantation In Hawaii. and also q member
of the Queens Prlvy Council. who came to
this country to attend the wedding of his
niece. Miss Ivers, in discussing the Ha-
waiian revolution, said to q reporter:
This is the opportunity of all others for
the United States to ect. and act quickly, If
she desires to assume control over the
Sandwich Islands. You may be sure Eng
land would not throw away the chance.
[ was surprised when / heard of the
revolution. for when l left Honolulu
Dec. everything was moving smoothly.
SO etable did the government seem Mr..
Spreckles and / advanced a large sum of
money towards paying the governments
running expenses. We certainly would
not have done that had we apprehended
good one. Property was taxed only |
per cent. Our courts were excellent aud
the government officials were men of in
tegEity."
the construction of cable from San Fran
CISCO to Honolulu"
81 do. The Queen, in my opinion, acted
foolishly. She threw down the gauntlet
return to Honolalu before March. shall
now be compelled to sail Feb. 15."
Cleveland Noncommittai.
NEW YORK, Jan. 3O-When President
elect Cleveland arrived at his office to-day
he was asked by q reporter if he would give
an expression of opinion regarding the
probable future policy of his administra.
tion regarding the application of the
provisional government of Hawaii to be-
come O part of the United States. and if he
had as yet expressed an opinion to any body
as to whether he favored or opposed the
annexation of the Pacific islands to the
United States Mr. Cleveland replied, Il
have not expressed myself to any body on
| that subject: in fact have not gwen 1t my
| consideration. But, If 1 had formed an
| opinion in the matter do not consider it
would be proper for me to express it at the
present time. You can say know nothing
further to say"
Before making the above declaration Mr..
Cleveland had been shown tie dispatch
from San Francisco Quoting Hawaiian
Commissioner Castle as having said he had
received a dispatch that satisfied him that
President.elect Cleveland looked favOrebly
upon the proposition.
War Ships Ordered TO Honolulu.
VALLEJO. CAL. Jan. 30--The United States
steamer Adams, now at Mare Island navy