The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1894-02-05


Investments. After my arrival Mr.. Allen
said that all Of the Investments we're good,
except the Seattle bonds and the Union
Iron Works bonds. This gave me much
satisfaction, and pleased ME because, |
thought he had done well and told him so.
1 entertained this impression that all
the other securities we're good mp to the
time that the estate was settled in Court,
and 1 gave Mr.. Allen receipt for my
half of the estate. did not become dis
satisfied with these Investments until
after the settlement. Mr.. Allen while
short in business matters was never short
with me socially. He would I've short with
me about business matters. but If turn.
cd from that Ia social matters he became
pleasant ut once ! remember one &C.
casion started to tell him that | wished
to take part of my money to the States
after the settlement, and as some of the
notes in favor of the estate were overdue.
] asked him il those notes could not br
cashed, and spoke particularly OF Egan
and Gums note; but he said. no! in u
very cross. angry way. 30 that il surprised
mn very much. This happened before the
settlement in Court. II had no particular
effect on mo. however, for | had heard
that Me- Allrn was rather cross anyway
in business dealings His shortness. how
ever. had the effect Of making me quit
asking questions. because. ! didn't wish
Ia offend him. but II raised no suspicion
ON my part against him rs trustee at ALL
I attributed it to his manner solely. I
remember once asked him what his COM
missions would he rs my agent. anil he
told me- his commissions were = per cent
ON the income, while lawyers and other
persons charged ~ per cent. ] asked
him IL lac would not give me a written
agreement as 10 what his commissions
would br. he became very angry and said.
ho would not bind himself TO any exorbit-
ant demands. That was before the act
tlcmcnt. From the time arrived in Ho-
nolulu until my return TO San Francisco.
did not have the advice of any attorney.
nor did Mr.. Allen ~ far as know. At
the time accepted my half of the invest.
mrnts | believed that all ~ them were
perfectly proper. and such IA the Court
would permit. and had no other belief
until after the settlement when returned
from San Francisco in April Of 1s!s1 ut my
mothers request, and went to ask Mr..
MHgoon Ia act as my mothers agent. He
looked over the list Of investments aud
snid that he could not accept them, M they
.
finally bpaOmc dissi,l istitd with Mr.. Al.
lcnsconduci Uf affairs. II WA after the sci
tlemrni. and after ! had consulted with
some business friends here in Honolulu.
consulted them about the quality Of the
securities. and as result. was very much
Disguised that ! hud them. showed
them my half 81 the securities first. and
afterwards. showed them my mothers.
did not, however. tell Mr.. Allen Mt that
time Of my investigation, because he was
20 J.? my mothers agent. though my man.
nrr became different towards him. ] also
gave him u lctterof instructions directing
him not 20 make Investments Of a certain
kind.
/ nj tho same time wrote my mother
advising her 10 write Mr. Allen letter
putting Ia" sniu" limitations upon his
power to invest that Ind made. The
talk with my business. friends was direct
I'd solely Ia tn" money value al tho SO
curitirs. not 10 the kind 81 securities
They said they were poor securities foi
the money. ] returned b. the Coast
March 80. laeI, intending 10 be- gone I'M
Ill Ia" fall when / intended appointing q
new agent for myself in place Of Mr.
Allen. but returned ON the same steamer
b"causr found my mother very mucl
dissatisfied with her securities anil sh,
wished To cllang" her agv Mt Immediately
crmc to that conclusion the very day
snw my mother. ON my return | raw
Mr.. Mngoon and finally placed my a.
fair- in the hands 81 counsel.
The investments Of the estate wcr,
divided up nj the settlement. one-half e
my mulhrr aud Onc.half to mo. Mr.
Allrn and ! did II in his office. Tn,
Court had nothing Ia do with il. They
were divided up little before the settle
mcnt. with the agreement that IL my
mother wished any changes in the divi
sion they could be made afterwards. A
copy 81 my receipt reads as follows;
Received Honolulu. Feb. 18th. lsai. from
William +. Allen. administrator ~ the
Estate ~ J. +. q. Banning. deceased
myone-half of the estate. ~ follows. viz.
In bonds ...... .....,...... S3l,lINl w
In Notes secured .....,,..,, 1850 N
/ In Cash ACKNOWLEDGEMENTS. :}2i -
, S7l.:SD -
/ Amounting Ia Srvrnty.one Thousand
three hundred and ninrty-nine ana
iify-four onc-hundr'ths dollars
Ii Il, BANSiSG.
Filled Feb u, ls!1.
"liI.NRY SMlrn, Clerk"
A copy Of my mothers receipt reads n
follows:
Received Honolulu, Feb. 18th. iS!B,frou
William +. Allen. administrator Of tn,
F.stnt" Of J. +. o. Banning. deceased
my onr.halE Of the estate rs follows, viz.
In Bonds ................ ~. lbI IN
In Notes SECURED. .......... $500 N
L., T,.h /,