The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-03-27
WANT NEW
RECEIVER
KOna StockhOId-
ers Will Try it
Again.

there went forward to Hawaii a copy
of the proceedings of the First Circuit
Court, discharging the receiver for the
Kona Sugar Company. At the same
time went instructions TO Attorney
MadeweI for the company to apply TO
Judge Edings of the Kona Circuit
Court. for the appointment of a receiv
er for the property.
1t is understood that the same course
has been followed with the judge there
as was taken with the First Judge Of
the local courts, in that he has been
asked il he considers the interests of
the investors would be served by the
appointment of one who has some con-
Germ in the salvation of the estate. His
answer was the same, that he did so
think, and that the name presented by
the creditors and stockholders was one
which appealed TO him as being for the
interests of ALL 1t is therefore with
confidence that the creditors who threw
the case into the local courts will make
a new application for a receiver.
The expectation is that the court in
Kona will select for the position of re-
ceiver for the company, NJ. +. Scott.
who has been greatly interested in the
concern from the first. Mr.. Scott has
made many preliminary Investigations,
and has reported to the stockholders
here that in his opinion there will bel
no trouble in starting the mill, and
that in his opinion further there would
be no difficulty in arranging for the OPP
Grafton OF the railroad. as the money
from the sugar which is made this year
would pay for the entire line, and if
these payments are made on a percen-
tage basis, there would be little diff
Guilty in securing the right to operateI
the line for the hauling of cane up to |
the time the entire debt TO the contrac- |
tors is paid.
With this outlook there is every belief
that the plans for the reviving of the
estate. through its being handled by a
friendly court and receiver. will be sue
cessful. There have been made arrange
ments whereby there will be plenty of !
are said TO be ready to push the har-
vesting of the cane when they find
there is a prospect that the sugar will
be taken off and sold. The work will
be of light character for a time, ow-
ing to the fact that there are two
breaks in the railroad line, one about
four miles from the mill and the other
at the extreme end of it's eight mile
length. These will be filed in at once.
and after that is done there will be
no difficulties in the way of running
the mill for two shifts during the day.
The mill VIII be started With the old
triple effect. as this was connected up
after the order of Receiver Wunden-
berg that all work be stopped. The new
effect which was bought from Spreck-
elsville, and which has a capacity of
something like three tons an hour, viii
be put in place at once. This viii give
the mill a capacity of about forty to
forty-eight tons a day of two shifts.
There viii be ready sale for sugar
here at a price which will permit the
plantation TO carry on its work until
the end of the season. which viii take
place about October 1st.
The sugar on the plantation will bring
in something like $4,000 when the de-
which has resulted from the
months delay in court is taken into
and this it is thought
will pay for the work of the season and
the railroad, as we'll as the fixed charg-l
es of the estate. This will leave only
three months without any sugar next
year, and the progress made with the
work will. it is expected enable the
estate to be worked safely and well.
~ AAieiN IL VIII NpI4t " Tic next GIOpl
without any difficulty
The appointment of Receiver Scott
viii be only temporary, if the second
airy plans of stockholders are carried
out. The plans for carrying on the es-
tate have nothing TO do with the visit
Of Mr.. s. NJ. Damon. yet it is the hope :
Of the directors that he will consent
TO take up the work of managing the
estate. II this arrangement can be
effected the receivership of Mr.. Scott
will be ended by a resignation, and Mr..
Damon will be given charge of the
property. This would men that the es-
tate would be carried on with a good
supply OF cash at once, the principal
debts cleared off and the whole thing
put upon a basis of permanency which
cannot be hoped for at present owing
to the fact that it is the expectation
that it win be run on the hand to
mouth plan.
The proceedings which led to the new
leal being undertaken were very brief
yesterday. The First Judge of the First
Circuit was approached in chambers
BY Attorney Silliman. and the order
and bond placed before him. The bond ,
s one which gives security for $4,000, q,
and is signed by y. F. Dillingham;. ;