The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-06-08
All in Readiness FIR Launching
the First American.
SOME PROMINENT NAMES
Hunting tcn and PoIItz- The Staff
a Hi!o Branch - Col. Macfar-
lane is enthusiastic.

Col Geo. ". MdCfaTlane was found az
his Office in the Judd building yester-
lay afternoon. having returned in the
by the Australia.
My homecoming was sooner than
expected" said the Colonel. Il did
not intend to leave San Francisco un-
I'll the departure of the China. But
news that my wife was III and
| decided to come by the Australia. /
had TO hurry around pretty lively. but
to get down To the Australia
with about ten minutes to spare.
My mission was successful. | com
pleted all the necessary details prelim- |
mary to the organization of the bank |
here. l return with full powers for !
the banks attorneys. Mr.. Hatch and !
Mr.. Brown. together with myself, to
apply for the charter and to- incorpor-
ate as soon as the charter is issued by
the Interior Department.
The present issue of the 100000
capitalization has been $I5O,0O0, two
thirds of which. or $500, 900, will be the
first call upon the stockholders. There
will be held in the treasury for future
issue $3.50, 900 of the stock. OF the
amount now issued and subscribed for
$500 900 has been allotted to- Honolulu.
The remaining $45O.OOO will be divided
between San Francisco and New
York
is il true that Coils l.. Huntington
=. LII
Yes, he is among the New York
holders and subscribed for all the
stock we could give him. Mr.. =. =.
Schwerin, president of the +. NJ. ;. ;.
Co. and Mr. Huntington's California
representative. is also heavily inter-
ested in the bank. Yes. II Is also true
that Mr.. POLITE is among the principal
San Francisco stockholders. There are
q number of other well known capital
lists interested. among whom are Allen
& Lewis. Hecht Bros, y. Ohlandt and
Williams. Dimond x Co, and many
others identified with Island business.
Yes. Mr.. Jas. Campbell is one of our
principal stockholders. He hollis the
largest individual block of stock, but
| like everybody else has been cut gown
one-half. This holding, of course, III
| the First American Bank, the preli,n-
mary organization to the First Ma
tional. is limited. But as the latter in
stitution will have authority 10 issue
up 10 $4,000, 200. Mr.. Campbell viii
probably have larger holdings IN the
First National and will back it 20 the
| fullest extent.
The bank will commence business
as soon as we can be incorporated ana
elect officers. The officers Will be nom
Iinated from San Francisco and the list
will probably reach us by the china
may say that J. o. Carter mas been
nominated by Mr.. Jas. Campbell for
president and manager, and the syn
dictate was unanimously agreed upon
Isuch appointment The Board of Di-
rectors at my leaving had not beer
fully decided upon.
..The Anglo-California Bank hat
nominated Mr. Cooper as actin'
cashier and chief accountant, to hol'
such position until the organization q
THE First National Bank. when New
York cashier of large experience ans
thoroughly grounded in National Blni
laffairs. will he appointed. MIR. Coope
: has for ten years been the chief aC
lcountant of the AnSlo-California, am
has accepted the position in the neN
}. bank as his health demands 4 chang
of climate.
Mr.. Heath nominated by Telegram
from Washington Mr.. T.. VI. Boyd 10
= secretary and assistant accountant
He was until recently on the stan q
. the San Francisco Chronicle. being II
charge OF the Associated Press worI
on that paper. He is well known u
washington among Senators and Con
J ! gresSmen, where he has had close rN
IIatious with Mr.. Heath. The other OF
fcers will probably be appointed iron
ithis side by the president and board o
directors.
Mr.. Iilienthal will visit New Gor|
land Washington before making III
Honolulu visit. as he is needed Their
with the Seligmans TO consult with tn
o Secretary of the Treasury in Cunueg
ton with the formation of the FiJs
% National Bank. which Will bee estal
% Hshed directly when territorial iesis
jlation for Hawaii is effected ny Con
" gTess.
70 Honolulu subscribers receive one
n half OF the amount applied Tor Tui
ALLOTMENT has been made with all Ga
Subscribers. The exact pro rata az
pOrtionme0t was IS per cent and
fraction. but through one of the sui
!scribers giving way d bit the allotmer
I was adjusted 50 as to make an even !
: per cent.
The first call on stockholders wi
he GS 2-3 per cent on the amount a
IIorted them. This includes the dgpos
already made. The remainder OF u
subscription will be called up rs 500
as the Board of Directors decide IN.
employment can be found for it. III
first call OF G6 2-S per cent viii DE mao
shortly after organization.
Il hope the machinery of the ban
will be set in motion some time b
tween July 1st and August LIST. II
papers have all been prepared by Il
:, attorneys on both sides and are nc
in readiness to be passed on 1t NEE
ing for that purpose. The banks loo