The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1894-05-05
TIE BANK OF BISHOP.
Mr.. Damon Talks Cautiously About u
Current Rumor - Interviews
what May Happen.

Whether or not there is foundation
for the rumor that Bishops bank is to
pass into the hands of Claus Spreckels,
| is question which remains To be de.
cded in the future. 1t is certain, how
ever, that no one here who might be
reasonably supposed to know anything
| about the matter. has 50 far heard auy-
| thing to give color to the tale.
Hon. 5. NJ. Damon, m ,nager Of
Bishop q Company's bank, said this
morning, when asked if he had heard
, of the proposed transaction, that he
| knew or had heard nothing of it, eX.
cept what he had seen in print. IL can
neither deny or affirm the truth Of the
rumor," said Mr.. Damon, land all can
say is that is barely possible, that for
the purpose of concentration of capital.
and in view of retirement from an
active business life, Mr.. Bishop may
contemplate such sale
When asked if he thought anyone
else h,rs would be apt to hear of such a
thing first Mr.. Damon said that he did
not think so
in case such a sale was made, do you
think another banking business would
be started?' was next asked.
"That is question cannot answer,
was the reply, "but will say that
think the country would he better off if
there were several more banks"
Hon. p. G.. Jones on being asked il
he had heard anything regarding the
rumor said: Nothing except what |
saw in this mornings paper, and
| very much doubt the truth
of such rumor. | do not
believe that Mr.. Bishop either wishes to
or would sell his banking business here
and it is pretty certain that ii he con-
templated such thing Mr.. Damon
would be the very first to hear of it,"
''Do you think, in the event Of such q
sale being consummated, that third
banking house would be the RESULT"
eyes, undoubtedly. In such event
the present banks would be virtually
amalgamated, and | think there is little
question that the needs of business here
demand the presence OF at least two
banks"
VIM. G. Irwin, in reply to request
for his opinion as to the truth ol
falsity of the runner, said: II can onl,
say that any rumor to the effect tina
Claus Spreckels is contemplating any
) thing of the kind, is almost beyond {
doubt untrue. 1t is possible
however that some of the younger
members of the family are interesting
themselves in some such DEAL but o
that know nothing whatever. If tina
should prove to be the case, you vii
readily understand that the recent fam
lily rupture would make the amalgama
ton of the two banking businesses ou
: of the question"
"In the event OF the rumor proving t.
be founded on truth, and the purchas
OF the bank in question and its ANAL
gamation with the other bank follow, d.
, you think the needs OF business her,
demand two such institutionsp'
Mr.. Irwin was under the impression
that not only would two banks be nee
; essary, but that the second one woulC
soon make its appearance.
II. II. Hackfeld & Company. As thu
agents for the Hawaiian Commercial
Company, otherwise the two younge
E members of the Spreckels family, wer
next seen and Intercepted and iron
them il was learned that nothing t.
warrant belief in the truth of tn
I rumor had been heard and the ide
= was generally made light of.