Hawaii holomua = Progress. [volume] (Honolulu) 1893-1895, 1894-11-12
A PROTECTION FUND.
More About the Sugar Trust

ulators of a great protection
fund does not seem to gain much
Roadway. As far as we can
learn the charter has not been
granted, and the gluttenous
! crowd is yet without the first
instalment, which according to
the programme should have been
paid on Nov. 1st
We can we'll understand the
pleasing prospects which would
be unrolled before the eyes Of
the ambitious fnanciers if the
sugar plantations would be in
sane enough to allow themselves
to be taxed by the said fnanciers
who. Of course would be the
leading members of the great
board of nine trustees. Not less
than 800 900 and most likely
more would annually be poured
into the Golfers of these very ex-
elusive trustees, and as the nine
undoubtedly would have full con-
troll Of the two-thirds majority of
the association, they would be
able to do as they pleased with
the accumulated wealth.
Far be it from US to impugn
the honesty of any member
eligible to such powerful board.
But the temptation to run
things in this country to suit the
planters, and nobody else would
be too great for any ordinary
mortal and all branches of the
government would soon be under
the control of these gentlemen
holding the very gilded purse
trings and of whom surely some
one would not hesitate in bribing
and neutrality-suspicious..
We publish herewith articles
VIII and TX of the proposed
agreement which will show the
country what a power will be
laid in the hands of the nine
trustees, who of course own two
thirds of the stock in the associ-
alton, if this gigantic trust is
ever allowed to become fact.
Certain, now fortunately defunct
gentlemen, used to run a similar
shebang in Venice some centuries
ago. When you were invited to
call on them--and we never heard
of any refusing the invitation
you crossed a bridge which most
properly was called the bridge of
signs.
The gentlemen who sat in that
council would hardly have one
tenth of the power which will
fall into the hands of Mr.. Bottles
nine trustees. if the planters pro-
miscuously should pour from one
totwo millions of dollars into their
Golfers. The small stakeholder,
the merchant and the mechanic
will probably then have to ask
Mr.. Rowell or some other expert
(save the mark to erect bridge
of signs" over which they can
pass into the iron bondage of the
all powerful nine.
Article VIII: The members
of this association do hereby
severally bind themselves and
their several heirs, executors,
administrators, successors and
assigns for the purposes aforesaid
to each contribute in cash or its
equivalent on the first day of
November In the years 1894,
1895, 1896. 1897 and 1898, the
sum of one dollar Isl. 00l for each
ton of sugar produced by each of
them respectively during the
twelve months preceding the first
day of October of each of the
years 1894. 1895, 1896, 1897 and
1898; which amount is to be paid
to the trustees of this association
and to be held by them for the
purposes of this association and
to be applied in such manner as
may be agreed upon by a two
thirds vote of this association.
1t is agreed. however, that this
association may by two-thirds
vote increase the amount of con-
tribution to be paid by each
member for each of the years
ending Oct LIST 1895, 1896, 1897
and 1898 to.an amount not ex-
ceeding two dollars (S2.0O) for
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