The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-11-27
NEW TRUST
COMPANY
Firm of n. Waterhouse
Changes Its
Form.

The Henry Waterhouse Trust Com
psny, Limited, with capitalization of
100000 and the option of increasing
the capital to one million dollars, yes
terday applied to the Treasurer of the
Territory for a charter to do business.
The corporation will be a close one,
and its place Of business will be To-
Gated at the corner of Fort and Mer-
chant streets. Those signing the ap-
plication for a charter include Henry
Waterhouse, Arthur B. Wood, Albert
Waterhouse, Robert w. Single and
Richard H. Trent.
Henry Waterhouses who is named as
president, hassbeen prominently iden-
tined wlth>the business interests of
Ho21efuTu for over forty years, in which
time he has earned the full confidence
OF the entire community and a stand
ing with capitalists in the states that
makes him valuable head for the new
concern. He is also a director of the
Bank of Hawaii and Brewer & Co.,
besides Waialua, Honomu and other
sugar corporations.
A. B. Wood, vice president and man.
ager, is well known in both the bust
ness and social world. Albert Water
house is a son of Henry Waterhouse,
and is a member of the board of di-
rectors. He is an island boy in the
strictest sense of the word, having been
born and educated in these Islands.
He completed his education in the East
about two years ago, when he returned
to engage in business Robert w.
Single, who will represent the corpor-
alton on the Honolulu Stock and Bond
Exchange, is secretary. Richard H.
Trent, who has been in charge of the
accounting department of Henry Wa
terhouse & Co. for some time past, is
treasurer
The objects set forth in the applica-
ton cover a wide range of subjects.
chief among which are the conducting
OF stock and bond brokerage bust
ness, operating fire insurance agencies,
engaging in real estate and rental
, transactions, and doing a general trust
business. The articles of association
provide that the corporation may han
die trust funds, act as treasurer for
other corporations or associations,
OSI We dS Sudl CASSuLOI,
traitor, assignee, and in other fiduciary
capacities, and in general look after the
business interests of any and all per-
sons or associations of persons who
may need the services or assistance Of
experienced and responsible agents.
A new feature OF business for Ha-
waii is embraced in a clause providing
that the company may search records
and prepare abstracts Of title, and war
rant the same, and no doubt this will
prove popular phase of the business
in this community, where there is gen.
orally more or less doubt as to land
titles. In most cases purchasers will
! be pleased to get a guaranteed title,
even at an added expense.
Another feature of local interest just
now is the authority asked for on the
part of the corporation to act as surety
for government officials and employees.
and for officials and employees of other
corporations and associations, and for
guardians, executors, administrators,
and others required to give bond.
The Henry Waterhouse Trust Com
pany. Ltd, will fall heir to the good
will which has so long been associated
with the name of it's chief officer, and
the new corporation will start out with
+bo poccibIa nrnSnpctS of success.