The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-12-25
NJ BRYDE
BONDS A
GOOD RISK
So Decides Master
Parker Estate
Matter.
WAS HUMPHREYS
INVESTIGATION
Examination Into Affairs Of the
Plantation Conducted by
F. j. Russell.

| Judge Humphreys attempt to strike
at Attorney Kinney Of the Bar Associa-
tion through the McBryde Plantation
Co. fell fiat yesterday. In fact. the in
vestigation into the affairs of the plan
tation ordered by the court had just the
opposite effect which was no doubt in
tended. for the result viii be a fatter-
| ing report by the master as To the ca
liabilities Of the property.
When the report of the master. F. j.
Russell upon the accounts of Alfred w.
Carter as guardian of Annie r. X. Par
ker was presented for approval a few
days, ago. Humphreys on his own mo-
ton ordered an investigation into the
affairs OF the McBryde Plantation Co.
in the bonds of which property the
guardian had invested some of his
wards funds.
The court stated that ne did not be-
Iieve the bonds were sufficiently pro-
tected and ordered the master to ascer-
tain the condition of the plantation.
The examination was conducted yes
terday afternoon by Mr.. Russell in the
Supreme Courtroom, 4. G.. NJ. Robert
son appearing on behalf of the guard
ian. \ w Carter. The investigation
was very thorough. both the master
and the attorneys questioning the wit
ness-s rigidly. At its conclusion Mr..
Russell stated that NJ would make Ia
vorable report To- the court. as ne was
fully satisfied that the wards interest
Is protected and the bonds OF $75O.coo
amply secured by property worth at tire
very least s2.OOO.OOO.
VI. u. Monsarrat was the first witness
sworn. He testified that he was sur
veyor and had gone over the McBryde
plantation in that capacity. At the
time Of his examination the cane land
comprised about 1900 acres.
What about this lands suitability Tor
the cultivation Of cane2- asked Mr.. Rob
crtsOn-
1T Is fine cane land replied the wit
ness and compares favOrably with the :
land Of other plantations; from what
have. seen OF the land, think that II ?
properly managed. IL will pay big profits. :
about four hundred shares. ! think the .
mana cement is doing the best IL can un- /
der the circumstances.
Upon examination by tine master. Wit
ness stated that he had not purchased .
his stock until after ne had investigated
the property. and did not believe that the
fact OF his holding it made any difference
in his opinions.
w A Baldwin manager Of Makaweh
Plantation. testified that ne was familiar
with the McBryde plantation. and that
its SOL was similar 10 that of Makaweh-
1T is very fair cane land" said the wit
ness. and the property is very advan-
situated. I'm its present condi-
ton / think the land il worth $50 al
acre The soil is as good that Of
he Oahu plantation. or of any in Eva
basin"
S. c Allen testified that he had beer
N business here for fifty years, but
hadn't been on the McBryde plantation
since ISIS Il am interested in sugar
stocks and bonds, continued the wit
less. "and hold some of the bonds of the
Nc Eryde company / consider them
worth par and the security ample guar
.ntee. The authorized issue of bonds IL
$4,000. and all have been sold An i'm
nense amount Of money has been spent
n developing the property, about $500
~. and / guess the plantation will foot
~ over S40OO.O00. easily
DO YOU think the bonds would be good
+ the plantation was abandoned? asked
he master
Yes. the bonds would be good even II
he plantation was given up. l consider
he property worth double the amount or l
he bond issue. without any question
W. Baird treasurer OF T. II. Davies 4
%. testified that all Of the bonds. s19n,- "
~ had been taken up. and all of the ;
took excepting $3.50 shares issued All q
me- assessments had been called in. q
J. \ NcCandlesS testified that he was =
n artesiau well borer, and had been '
yer thu. McBryde plantation twice since |
eptember. The soil il OF the same !
ua1ity and character as the Oahu plan
alton. ana / consider IL first class / ,
-ould value the land at from $lj1 10 800
er acre. The bonds are amply secured;
esldes the land there is the mill com
lete with a good water supply, with {" q
abroad. and fully equipped every way =
should consider the plantation 10 he
-orth several times the value Of the d
Ouds." !
In answer TO the questions OF the mas ;
sr. Mr.. McCandless continued:
There Is no reason why this enterprise L
lOuld not be successful think the }