The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-01-17
DEMAND
FOR NEW
MEET|N
National Bank Men
Take a New
Tack.
CONTEST IS ONE
STEP FROM COURT
President Brown Sits Steady and
Will Not Decide in Advance
on His Course.
- oRMAL notice has been served

- ORMAL notice has been served
upon the officers of the First Ma
- tionaI Bank that unless they shall
within two days reply to the demand
for new meeting Of the stockholders
of that institution there will be a law
suit on their hands. This notice was
sent yesterday and will be received by
all of the directors this morning.
President Brown yesterday said that
he had not received the letter, and so
could not say what would be done. He
said he would decide upon his course
of action when he had read the notifi-
cation. 1t is understood that the mat
ter VIII be considered by the Board of
Directors, and that legal advice will be
taken this morning which will decide
the plans to be adopted by President
Brown and his supporters in their op-
position to the mainland stockholders.
1t was said yesterday, among the
men who have been following the mat
ter, that the prospects are for meet
ing of the stockholders about the mid
die of February. 1t is said to be the
plan of President Brown to at that
time ask another of the directors to
take the chair. while he wages his bat
tie from the floor, owing to the fact
that he has been literally criticised for
acting as chairman and ruling out an
opponent, when there were no other
elements to the contest. There Is no
vice-president of the bank, and Mr..
act and his friends defend him for his
course. There has been a quiet ac-
ceptance of the situation by the gener-
al stockholder, and there Is no fear of
any effect inimical to the institution
following legal battle. The letter
which was sent yesterday afternoon is
as follows:
Honolulu, II. T., Jan. 18th.
To the President and Board of Directors
of the First National Bank of Ha-
waii:
The undersigned, the owner In good
faith and in his own right of thirty
three tS3) shares of the stock Of said Ma
tional Bank, acting both upon his own
part and on behalf of sundry other
stockholders of said bank whose power
of attorney he now holds. does hereby
object TO and protest against that GER
tain pretended election of a Board of
Directors of said bank, claimed to have
been hold on January 18th, 1902, upon
the ground that said pretended election.
claimed to have been held as aforesaid,
was and Is wholly illegal, null and void.
and of no force, effect or validity what
ever; and said undersigned, acting as
aforesaid both on his own part and on
behalf of said sundry other stockholders.
hereby demands that a due. proper and
legal election Of the Board of Directors
of said bank be held as speedily "a COM
piiance with the preliminary legal for
nalities of said election can be had:
and said undersigned, acting as afore-
said, demands from you an answer TO
this demand within the term of forty
eight 40 hours next hereafter ensuing:
and If, within said time herein limited no
answer shall be received from you, such
failure TO answer Will be taken by the
undersigned and construed to be re-
fusal upon your part to comply with this
demand. Should you refuse or fail to
comply with sthis demand the undersign-
ed Will forthwith resort to his legal
remedies.
G. w. MACFARLANE-
BY His Attorney in Fact.
j. J. DUNNE.