The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1902-03-07
KONA MAY
Be FREED
Plan TO Withdraw
Receiverhip
Suit.

filing Of motion O. Withdraw the suit
for a receiver for the Kona Sugar GO. /
The matter is still In allegiance ana not
until this morning will final decision
he made by the men whose Interests
are most involved.
This move In the matter OF the COR |
poration was decided upon yesterday.
after there had been held many meet
irEs Of the stockholders and creditors
of the concern. There Is not yet the
money to finance the plantation in
sight, but there is a chance that IL will
b. ready for the concern when the re-
ceivership is pau. The creditors OF the
company are doing an I'm their power
lc secure the consent OF some banker
90 take up the matter, and the negotla-
tons which Mere inaugurated by B. +.
Dillingham; Yesterday are being press
ed, though there was no development
which IL sufficient 90 give more than a
hope that the outcome Will be favor
able
There was started yesterday a petit
ton among the stockholders of the
company asking Mr.. $. NJ. Damon of
the firm OF Bishop q Company, To ac-
cept an assignment for the plantation
This was Literally signed, but Mr. pa
mon yesterday afternoon said that he
had heard nothing of any such move
and that there had been no change In
the status OF the plantation in 50 far
a. he Was concerned. There is some
feeling thot Mr.. Damon will yet be per-
suaded To undertake The matter fail
ing which there is another prospect
that Dillingham; q Company. or some
other firm of factors will be induced
u make the step.
Az il looks now there Will be such
an arrangement as viii enable the
plantation to continue its work. The
creditors are said TO he ready 10 make
such arrangements as will permit the
work to he prosecuted This VIII mean
the running of the railroad and the OPP
Grafton OF the mill. The representa-
tiyes of the labor say there VIII be no
trouble made by that Interest in the
harvesting OF the cane, and they VIII
guarantee that the estate viii furnish
the cane to the mill as contemplated In
the contracts.
Receiver Wundenberg said yesterday
that he could see nothing to do but to
liquidate the plantation, as he had
made every endeayor that a man could
make In this city to secure the money
TO carry on the operations. The letter
which went forward to Manager Cow
an in the Mauna Lon yesterday Is bas-
ca on the last order of the court, which
permits the receiver to incur expense
for the purpose of preserving the live
stock and personal property Of the es-
tate The letter says only that the
employees around the place shall be
suspended for the present, and this, ac-
Cording to Mr.. Wundenberg will not
affect the cane, except In the 1t VIII
render Il harder 10 mill the product
when such steps are undertaken. The
cane is net grown by the Plantation
but by private planters, and these are
located all over the country, and so
are respons BILE for the holding togeth-
Ter Of their own men. The regular Ia
Dor OF the plantation will not be affect
ed Speaking In the general sense, as
lor the past four months there mas been
a practical stoppaFe OF the work and
the men have found existence easy in
The Kona country.
Mr.. Wundenberg, however. arranged
for a credit for the manager, with the
local branch Of Hackfeld & Company,
which will enable the men who are re-
tained to be kept in shape. There viii
be plenty OF food, but this has little
effect upon the 'laborers, as they subsist
largely upon the products of the coun-
try. II was found that OF the supplies
which were provided by Receiver Wun-
denberg when he was there much of
flour and other groceries which were
drawn were sold later for half the reg
ular price, as the men We're not in need
and wanted the supplies only for the
return which they could secure from
their sale.
Receiver Wundenherg has now closed
his Iabors until there is a hearing on
the part of the bill. He has he sayf'
exhausted the financial resources of the
city to obtain the money needed, ana
when that was done he considered that
the very best thing WAS the reorganiz-
alton OF the estate. He said Of the ne
gotiations yesterday: Il have tried to
induce every one OF the big houses to
undertake the matter. There are so
many things which must be looked to.
AS see IL there are diihculties IN the
way which when ascertained by the
local agencies have had the result Of
deterring their taking hold of the plan
tstion.
Il considered Hackfeld & Company
the natural agents for the place, since
they have a big store in the vicinity
and would be able to handle the matter
without expense. That firm, after look
ing into the case, replied that there
was no use Of further discussing the
matter, for they would not be able tn
undertake any more work than they
now have on hand.
Bishop a. Company are Interested In
the plantation, and Mr.. Damon had an
examination made of the estate. j
went to him for the purpose of making
an arrangement, j offered him every
financial advantage from the handling
OF the business. There would be loans.
which would pay interest, the percent
ages to the agent. which ! was author
lied to pay, and then ! was willing my
self to give the bond and permit him
10 absolutely take charge of the bust
ness, ! giving my time freely for the
benefit Of the plantation, which l have
an interest in saving. His force would