The Pacific commercial advertiser., 1900-10-18
THEIR ARTICLES
MUST BE REVISED
California Corporation Would
do Business Here tn
Small Capital

The Pearl Harbor Agricultural Com
pany, an organization which proposed
to raise cane and other things near
Pearl Harbor, will not be permitted to
incorporate under the laws of Hawaii
T, unless some radical changes are made
in the articles of Incorporation. The
company is organized under the laws of
California and some time ago the ar
ticles were filed with Treasurer Lansing
and were referred to Attorney General
Dole for approval Yesterday Mr. Dole
presented in the meeting of the Cover
nor's council the letter in which he ad-
vised that the articles be not accepted
until they were changed so as to con-
form with the laws of Hawaii This
letter is in, part as follows:
Hon. Theodore F. Lansing, Treasurer
of the Territory of Hawaii
Sir:-I herewith return to you the
Articles of Incorporation and other pa
! pers of the Pearl Harbor Agricultural
! Company. submitted to me by you.
The papers are models of lawyer
like skill and care and seem to comply
fully with the formal requirements of
Act As of the Session Laws of 1898 rela-
tive to foreign corporations; but, it ap-
pears from the papers themselves that
| only One-fiftieth of the stock has been
subscribed for, and it does not appear
that single dollar of the capital has
been paid in.,'
Mr.. Dole then quotes the Laws of 1898
providing for interpretations and the
Civil Laws of 1897 wherein it is declared
that no corporation shall engage in
business in Hawaii unless three-fourths
of the shares have been paid in or the
corporation shall have acquired prop
erty of value equal to ten per cent of
its capital. He goes on to show that
foreign corporations are under the
same disabilities in this respect as are
Hawaiian corporations and he says:
'To require local corporations to fur
nish substantial guarantees for the pro-
lection of creditors and the investing
public, and, at the same time, to permit
foreign corporations to do business here
and enjoy all the privileges of local
corporations, without such guarantees,
would be to hang out the latch string
for irresponsible enterprises from all
parts of the civilized world. I do not
believe that the legislature intended to
do this
| MI. IIoit SotS On " say ludI uO COT
iporation shall be permitted to do busi-
ness in Hawaii unless it gives certain
guar intees of financial responsibility
and while the personnel of this particu-
lar company is guarantee of high
character he does not believe that it
should be permitted to do business here
until it has complied with the Hawaii
an laws.
The company's articles give a capital
of $25,000, of which but $500 is subscrib-
ed and not cent is noted as paid up
Attorney General Dole also presented
in the Council letter which he had
addressed to Auditor Austin anent the
payment of claims of DIR. Weddick
government physician at Wailuku, fol
services in attending prisoners in Wal.
luku Jail. He holds that a Govern.
ment physician is paid salary which
is in the nature of a subsidy to enable
competent physicians to live in sparse
ly settled districts. Such physicians
collect fees from such of the dwellers II
their districts as can afford to pay
while their salaries are supposed Il
compensate them for services rendered
to such people as cannot afford to pay
He believes that prisoners come withir
this latter class and that government
physicians should give their services t,
the prisoners as part of their duties a.
Sncb