The Hawaiian gazette., 1899-06-09
All in Readiness iyr Launching
The First American.
SOME PROMINENT NAMES
Huntington and Poiiltz-The staff,
A Hilo Branch Col. nacfsr-
Ian. Is b Enthusiastic.
(From Thursdays Daily

his Office in the Judd building yester-
day afternoon, having returned in the |
morning by the Australia.
My homecoming was sooner than |
expected" said the Colonel. Il did
not intend to leave San Francisco un-
til the departure Of the China. But ]
received news that my wife was i'll and
i decided to come by the Australia. !
had to hurry around pretty lively, but
managed to get down to the Australia
with about ten minutes to spare.
My mission was successful. ! COM
peted all the necessary details prelim-
mary to the organization of the bank
here. 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 81 100000
capitalization has been $75O,O0O, two
thirds of which, or $500, 1000, will be the
first call upon the stockholders. There
will be held in the treasury for future
issue $25O,OOO of the stock. or the
amount now issued and subscribed for
$4,000 has been allotted to Honolulu.
The remaining $450, 900 will be divided
between San Francisco and New
York.
rs It true that Coils p. Huntington
is stakeholder" was asked.
Yes, he is among the New York
holders and subscribed for all the
stock we could give him. Mr.. ~. p.
Schwerin. president of the p. NJ. s. S.
Co., and Mr.. Huntingtons California
representative, Is also heavily inter-
ested in the bank. Yes, 1t is also true
that Mr.. POLITE is among the principal
San Francisco stockholders. There are
a number of other well known capital
lists interested, among whom are Allen
L. Lewis, Hecht Bros, n. Ohlandt and
Williams, Dimond & 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 down
II
the First American Bank, the prelim-
mary organization to the First Ma
tional, is limited. But as the latter in
stitution will have authority to issue
up to $5,000,000. Mr.. Campbell Will
probably have larger holdings in the
First National and will back 1t 20 the
fullest extent.
THE bank will commence business
as soon as we can be incorporated and
elect officers. The officers will be nom
mated from San Francisco and the list
will probably reach us by the China
| may say that J. o. Carter has been
nominated by Mr.. Jas. Campbell fol
president and manager, and the syn
dictate was unanimously agreed upon
such appointment. The Board Of Di.
rectors at my leaving had not been
fully decided upon.
The AnglO-Californ Bank hat
nominated a Mr.. Cooper as acting
cashier and chief accountant, to holt
such position until the organization Of
the First National Bank, when Ne"
York cashier of large experience ant
thoroughly grounded in National Bani
affairs, will be appointed. Mr.. Cooper
has for ten years been the chief ac
countant of the Anglo-California, ant
has accepted the position in the new
bank as his health demands q chang
of climate.
Mr. Heath nominated by Telegram
from Washington Mr.. T.. NJ. Boyd foI
secretary and assistant accountant
He was until recently on the staff o
the San Francisco Chronicle, being II
charge of the Associated Press worl
on that paper. He is we'll known II
Washington among Senators and Con
gressmen, where he has had close re
lations with Mr.. Heath. The other of
ncers will probably be appointed from
this side by the president and board o
directors.
Mr. Lilienthal will visit New Yorl
and Washington before making hi
Honolulu visit, as he Is needed ther'
with the Seligmans to consult with tn,
Secretary OF the Treasury In connec
ton with the formation of the FRS
National Bank, which will be estab
iished directly when territorial legis
laton for Hawaii is effected by Con
gress.
Honolulu subscribers receive one
half OF the amount applied for. Thi
allotment has been made with all tn
subscribers. The exact pro rata ap
portionment was As per cent and
fraction, but through one of the sub
scribers giving way bit the allotmen
was adjusted so as to make an even y
per cent.
THE first call on stockholders vii
be 90 2-3 per cent on the amount al
lotted them. This includes the deposi
already made. The remainder OF III
subscription will be called up as 500
as the Board Of Directors decide tina
employment can be found for H. tn
first cali ~ 90 2-3 per cent will be mad
shortly after organization.
II hope the machinery Of the ban
viii be set IN motion some time be
tween July lst aud August lst m
papers have all been prepared by th
attorneys on both sides aud are uO'
in readiness 10 be- passed on a. meet
ms for that purpose The banks l0ca