The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-03-04
ONE OF THE KONA VICTIMS
PAYS RESPECTS TO HUMPHREYS
lie Says With Man of the Branded JUDGES
Character on the Bench Public
Safety is at Stake.

Editor NEUTRALITY-SUSPICIOUS. in tn,
official report to the court, that the
receiver of the Kona Sugar Company
so far, has not been successful in his
attempt TO raise the necessary funds
for carrying on the plantation, OF
even enough to take off the maturing
crop. L fear the plantation will have
to be sold at auction to satisfy the
creditors. If so. it will make a few
rich at the expense of many. and the
total ruin of large number of share
holders and business people at Kona,
who have invested in good faith all
they possess in the world in this cor
poration. not as spectators, but as
investors. not dreaming of such a sad
ending and blighting of all their hopes
and prospects for prosperity.
OF course the creditors muse and
shall be satisfied; never mind the poor
investors, they should have used better
judgment. If they invested in the
wrong concern, let them bear the con-
sequences; that is no business of the
court, who is no loser. Such, evidently,
must have been the reasoning of our
First Circuit judge, when he appointed
Mr.. Wundenberg receiver of the Kona
Sugar Company, man who for finan-
cial reasons. was not acceptable to any
one interested, though personally, Mr..
Wundenberg is we'll thought of.
In unanimous petition, the credi-
tors and shareholders of the Kona Su-
gar Company had acquainted the court
with their desire, and asked it for the
appointment of Mr.. S. NJ. Damon as
receiver, he being the only party will
ing and in position to handle the
affairs of the company to the satisfac-
ton of all concerned, however, all this
being admitted, the court held that
that gentleman was altogether out of
question; firstly, because he was a
creditor, and again, because he would
not be able to give the affairs Of the
company the necessary attention, for
want of time.
That the appointment of Mr.. Damon
as receiver meant the saving of the
plantation, and large number of its
shareholders, from total ruin, was not
thought worth the consideration of the
court.
Had the petitioners anticipated such
an outcome they would never have
asked for the appointment of a re-
ceiver.
/ claim TO be a good, law abiding
American citizen, and as such, have,
and always have had the highest re-
spect for our law courts as long as
they are conscious of their duties and
dispense without Partially justice and
protection to all alike; but when they
cease to regard their duties and the
peoples interest and interpret the laws
to suit themselves and their relatives;
when they shrink and expand at will,
whenever their whims, humors and
$<<<$<$<<$$$< 49,
ton. I have sent up 81 200 worth of
provisions, and they should have Suf-
ficient TO last for a month, but they
took all they could get at one time.
They will not take off the cane until
they have received their money now
due. and will not allow anyone else to
do so. Already $1,000 has been spent.
and l do not feel justified in expanding
any more, even though / could Dor
row the remainder of the SO. 200 which
Judge Humphreys authorized me to
borrow. to pay the immediate expenses.
l cannot tell Manager Cowan anything
definite yet, and he will have to do
the best he can until the people here
decide upon some course. | do not see
what can be done here though, and
feel that the delay will be disastrous
TO the plantations interests. l would
have liked to see the plantation con-
tinued. but there appears to be no one
willing to lend money, after the re-
port made by Brewer & Cos agents"
LIEN FILED BY WHITEHOUSE.
Added to these other troubles, came
notice of lien of material men in the
sum of $3.50 o. filed by L. NJ. White
house. This amount is claimed for the
construction of 12.1 100 feet of railroad
track for the Kona Sugar Company,
ard for the labor and material fur
nished in grading and forming the line
of the railroad.