The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-01-15
Whitney & Marsh, Ltd.
BAND CONCERT

i DAM AOlNALNl
I The band will render the following con-
cert program at Thomas Square tonight;
PART I.
| Overture-Isabella ..-..-....-..-.. Suppe
Ballad-Pilgrims of the Night ....Liddle
Grand Selection-Parisina ...... DoniZetti
(a) Nuuanu Waipuna- CD Makani
| Kali Aloha
| Miss i. Keliiaa
/ (c) Wal Punalau. Id Rain Tua' hine
| Manoa Observation-Disclosures.
| Mrs. N Alapai.
| PART II.
Cornet solo-OId Folks at Home, Bernard
Mr.. Charles Kreuter.
Selection-The Serenaders Herbert
Dance-The Aborigines ...-........ Theirs
Waltz-Vienna Bon-Bons ...-...... Strauss
The Star Spangled Banner
g 8: g g g s. g 81 g g 8: 3. SO g 3. 80 9. 8.
best OF my attention and efforts to that
end, and whatever salary has been
paid has been faithfully earned,
and that in looking out for the
interests of the bank and seeking for
business has been and is the object and
for which the most of my time is spent,
a fact which is well known to those
stockholders who reside in this Territory,
and 1t is submitted that what has been
done and the work as carried on shows
conclusively that it has been successfully
carried through; and considering the cir
cumstances and drawbacks as to ex-
change and other matters, under which
The First National Bank of Hawaii
started the success has been remarka bic.
The parent institution had not nor has
this one any facilities for obtaining ex-
change: we have to depend upon the
courtesy of other banking institutions
and personal friends of myself, and fire.
quently have to ship coin to cover our
drawings which is not only expensive,
but against the interests of the Terri
tory, as 1t reduces our coin circulation.
This bank succeeded to the commercial
business of The First American Bank OF
Hawaii. Ltd, on October LIST, 1900. bring
ing forward a balance to the credit of
Profit and Loss account from The First
National Bank of $22,S10.09. For the
quarter ending December 31st, 1900, the
net profits were at the rate of 81 per
cent per annum, but, as a matter of fact,
had 1t not been for the heavy expenses
in connection with the organization of
the National Bank In the way of new
stationery, stamps on the new issue of
stock, ETC.. the profits would have shown
at the rate of about s per cent per an
mum net. For the six months ending
show at the rate of 95 per cent per an !
mum. For the six months ending Dec. |
S1st, 1901. the net profits show little |
over 10 per cent per annum.
During the existence of
the National Bank the
gross earnings have
been :. ................. 1921 60
The operating expenses
were ..-.,..........- .S33, 427 q
Loss written off cur
rency shipped on the
Rio de Janeiro $3.50. S02 90
Premium written off u.
3. bonds .........-...... 2,9I1 50
Dividends paid .....-.... 1880 90 IS, 800 so
Leaving a net balance
carried to profit and
loss or Observation-Disclosures. "a 0o9 SO
This added to the bal
ance brought forward
from the First Amer
lean Bank of .......... 22S10 90 !
lives total of s46sss sS
Of which $4,000 has been placed TO re-
serve account, leaving a balance in undi-
7ided profits of s1S69.eS.
Our United States per cent bonds |
stand US on the books to date:
'rinc1pal -. ACKNOWLEDGEMENTS $4,000
md during the past year, as above stat
q, We have written off about 5000 of
he amount of premium Notwithstanding
he fact that the present market value
# these bonds is 109 in New York, leay-
ng a surplus at the present time in this
-ccount of over $4,000.
Our profits for the last period had 1t
lot been for the extraordinary expenses
n connection with moving into our pres
Mt quarters. would have shown fully II :
er cent per annum net, and we think
hat the stockholders have every cause
or congratulation at the steady improve ,
nents in the net earnings of the bank as
bove shown from period to period.
The First American Savings and Trust
company of Hawaii, Ltd, which Is OPP
rated under the Territorial laws, and
oes also 81 remunerative business and I
as paid the same dividend; the services
endered We're evidently not taken into :
consideration by them, the writer being :
s president, also, and serving as such |
Iithout any remuneration whatever |
II the majority of the stockholders or | /
ne correspondents were dissatisfied it /
submitted that in all fairness some /
othcation Of disp,easure or dfssatisfac- /
On as TO the management or services | /
mould have been communicated to the
resent incumbent direct