The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-01-15

CECIL BROWN HAD
THE WINNlNGC CARDS
Macfarlane's Proxies Were Ruled
Out Because They Lacked
Revenue Stamps.
7 WISH to enter my protest against

WISH to enter my protest against
the legality of each and every step
- of the proceedings of this meeting.
which claim are arbitrary, Illegal and
unauthorized by law The conduct Of
the chairman is an attempt to prevent
certain stockholders abroad. whom
represent from having any represent
alton at this annual meeting and to
deprive them of their rights. give no
tIce now that this meeting will be de-
ciared illegal as soon as 1 can take the
necessary steps to do So"
The filing of this protest at the close
Of the meeting OF the stockholders of
the First National Bank of Hawaii
yesterday afternoon. by Col G. Mac
farlane, who came to Honolulu as the
representative of the mainland stock
holders of the. institution, foreshad-
owed the steps which will follow the
meeting, at which President Cecil
Brown ruled that the old board was re-
elected by a vote OF 206S shares. There
was some little friction between the
President and the representative of the
Anglo California bank.~the parent in
stitution. and the ruling out OF all
mainland proxies practically left the
meeting without a quorum of shares
voting.
The action, however. will not have
any Ill effect upon several matters
pending. one OF them being the floating
6e
Col. Macfarlane said last evening that
despite the fact that the San Francisco
stockholders had been deprived of their
votes. he had stated to the people In
the savings institution, which is allied
to the other bank, that If the proposal
of the Kona Company was reduced TO
, banking proposition he would author
ize the drawing upon San Francisco FOR
the cash necessary to carry on the bus
iness The meeting was held In
the directors room OF the IN
stftution. The contest for the su-
premacy between Cecil Brown and Col
George W. Macfarlane commenced
from the moment that the President
opened the meeting. the President rui-
Ing out the proxies of Col. Macfarlane
as each was presented, as not having
been stamped with revenue stamps as
his action when Col. Macfarlane pre-
sented the proxy OF Aileen Macfarlane,
as her natural guardian. Brown, who
presided at the meeting, promptly ruled
the proxy out as he stated that COL |
Macfarlaue was not her guardian pS
order OF court. This action or the
President Indicated how the Daiance
of the meeting would go, and succeed
ing events at the meeting showed that
this was true
The result OF the afternoons pro-
ceedings was that the old Board OF d.
rectors was reelected as follows:
Cecil Brown, August Dreier. Marx
Robinson, Gilbert J. Waller and James
r. Morgan. Il
The directors will elect the officers OF
the bank. these being the President
Vice President and cashier
Col. Macfarlane at the close OF the
meeting fled with the cashier a protest
against the proceedings. claiming tna'
they were arbitrary and illegal. after
which the directors adjourned theH
meeting.
There was ginger in the meeting from
start to finish. and. although the meet
ing resolved itself into an executive
session upon the motion of A. >
Humphreys, representing the interests
OF Mrs. Julia Along, the proceedings
nm IN the passing of that motion. were
of public nature.
Those present were Cecil Brown
President: Mark Robinson. Vice-Pres-
ident: w. c.. Cooper, cashier; FRANK
Hustace. Fred Lewis. Harry Armitage'
Judges of election; August Dreier. r. l.:
SpauIding, Judge Humphreys, Glioer'
J. waller. l.. c. Ables. j. q. carter T.
A. wodehouse. Fred whitney L. L.
hTcc-a,fiIess. C. l.. Rhodes. W. NJ. Gra-
ham r A. Wodehouse, G. l.. Bigelow,
Fred Wundenburg.
The statistics of votes present, cast