The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1893-08-16
VOLCANO HOUSE COMPANY.
Annual Meeting Of the Stockholders
at Mr.. Castles Office.

Annual Meeting of the Stockholders
at Mr.. Castles Office.
There was a special meeting of the
Volcano House Company held at
the office of Mr.. w. r.. Castle at 2
o'clock this afternoon. Immediately
after opening the meeting resolved
to hold the annual meeting forth
with, and after formal adjournment
of the special session the company
reconstructed itself for the annual
meeting.
There were present the following
named shareholders: VIM. r. Castle,
Presidents; T. w. Hebron, Secretary
pro tenn; E. G. Macfarlane, Treas
urer; F. A. Schaefer, Cecil Brown, P.
G. Jones, G. Bosse, w. G.. Irwin, T.
Rain Walker, John. Ena, Oscar
White, S. B. Rose, j. a. Magoon, F.
j. Lowrey, j. G. Spencer, A. w. Car
ter, Bruce Cartwright, @. NJ. White
and Peter ADMINISTRATORS repre-
senting 400 out of 1909 shares of
capital stock.
The Treasurer read the annual re-
port. Among other things it show
ed net loss for the six months end
ed Dec. 81, 1892, of S250.29, and for
the first six months Of 1893, of $3.50.
The falling off in business had main
ly been in transient travel. Among
causes of decrease in travel to the
islands we're the cholera scare of last
year, the political troubles OF this
year, and the stream to the Worlds
Fair. If the stock was all taken up,
it would pay all debts Of the COM
pany. Owing to errors made before
he took the books, there was dis
crepancy between the paid-up CAPT
tai as per his ledger and the certifi-
cate book, the difference being $3.50
more than is represented by the
shares issued. Five certain accounts
were cited to show that the invested
capital falls short Of the property
which it represents by S5394.46. The
profit and loss account from the
commencement II months ago to
June 80, 1893, showed net profit to
date of S702.ll. The net indebted
ness is S6644.34.
The Treasurer regrets that he had
not sufficient data to form basis
for accurately ascertaining how
many guests are necessary to pay
the actual expenses. To make such
a computation exact it would be-
necessary to know the actual num-
Der of Emeals and nights lodgings.
1t does not seem practicable to cut
down the present running expenses
of the Volcano House.
The report spoke of the grand ad-
vertisement the Cyclorama at Chi
cago would give the islands. 1t an
ticipated that great deal could be
done in attracting tourists here, on
the occasion of the Midwinter Fair
in San Francisco.
On motion of Mr.. Jones vote OF
thanks was unanimously passed to
the Treasurer for his very full re-
port.
Mr.. John Ena, Auditor, explained
that he had not had time to audit
all the accounts OF the year.
Mr.. Schaefer moved, seconded by
Mr.. G. Brown, that the report be re-
ceived subject to the certificate OF
the auditor. Carried.
Mr.. Irwin obtained an explanation
from the Treasurer regarding the
system of checking accounts at the
Volcano House.
The list of stockholders was reac
over, to see il any present could ex
, plain the discrepancy mentioned il
the treasurer's report.
The election OF officers then tool
!, place. On unanimous ballot it re
. suited as follows:
! President-W. r. Castle.
Vice. President-John Ena.
> Treasurer-E. G. Macfarlane.
Secretary--T. w. Hebron.
Auditor-P. G. Jones.
Mr.. Jones made remarks on tn
q desirability of having good man t.
! push the business at Honolulu.
q Mr.. Macfariane joined in the dis
= cussion.
Mr.. Schaefer thought The matte
\ Of promoting the business might b
, left to the Directors.
. Mr.. Brown moved, seconded b
. Mr.. Schaefer, that the Directors tr
h to have shareholders increase thej
: stock.
!, The meeting then adjourned.