The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-03-26
KONA WILL
Be PUSHED
Stockholders Take
Estate Out OF
Court.

Il be discharged and the suit which
AN brought about his appointment to
control the Kona Sugar Company's es-l
tate withdrawn. in the First Circuit
Court this morning. if the plans made
yesterday afternoon are carried
through. This depends on the court
alone, for cash and bond for the fees
and the other indebtedness OF the re-
ownership are ready, and viii be Of
fered at the opening of the days ses-
sion.
1t was after long debate that the
stockholders of Kona took the matter
in their own hands and yesterday made
the arrangements which will mean that
sugar from the plantation will be on
the seas within the month. Orders
went forward by the Mauna Loa
providing for the starting of the mill,
and grinding may begin before the end
of the week. Manager Cowan has re-
ported that he can have the mill in OPP
Grafton very soon and the instructions
which went up 10 him are that he pro-
coed TO work
The assurances that all will go well
with the plantation from this time VIII
mean much in the way Of labor too, for
il was understood that body of Jap
anese, numbering from 200 TO 800 men,
were ready 10 leave the plantation for
Kau and Olaa. in the Mauna Loa, bot
it is now thought that Manager
Cowan will be able to hold his men
and push his work along. The addi-
tional supplies needed for the carrying
on of the plantation will % forward
in the next steamer and from that time
there will be no delay in pushing the
work of the estate.
All the new arrangements for the
working of the crop on Kona are those
of the stockholders The cash for the
claims of the receiver was found by
a committee of the board of directors
and arrangements wer9 made whereby
the creditors who advanced supplies for
the plantation under the receivership,
should receive security for their claims
and thus withdraw their bills from the
receivers hands. In court yesterday,
after notice TO Magoon and Dillon,
attorneys for the receiver, Hatch
Sliliman appeared and made motion
for the discharge of the receiver and
the withdrawal of the suit. The mo-
ton was heard at noon and the first
Judge of the first circuit said that this
would be done on the filing OF an ap-
proved bond for the security of the fee
and expenses. The attorneys for Nc
Chesney & Sons, who brought the first
suit, stated that acting upon Informal
ton OF the attorneys of the receiver,
that the expense of the office would be
81. 400. he had prepared a bond for
5000. Magoon here interrupted to ex-
hibit a schedule and fee amounting TO |
81, 355.44, and said that there had been
incurred for labor to March eth, s1,429.
The court here announced that he !
would require a bond of $4,000, and this !
was prepared during the afternoon. |
There are five signatures TO the bond, |
three being stockholders of the com
pany. The names are withheld but ii |
is understood that one Of the guaran- |
tors is B. F. Dillingham;
The last mail from the plantation |
said that there would be no difficulty
in having the mill al work with the
men now on hand as soon as there
were assurances of supplies for the Ia
borers, and that the men had made Of
fers TO take off the cane so that ii |
could be milled. 1t is understood tnat
the men will do the work under an
agreement that they shall have wage
returns from the very first sales Of su-
gar, and that the cash soon Will be |
forthcoming for their entire claims.
None of the members of the board of
directors OF the plantation would dis
cuss the details of the arrangements
which are being made for the carrying
on of the work, but they insist that the
men who have volunteered 10 work Will
be able TO continue until the sugar is
on the market.
BY the same steamer which carried
the instructions TO Manager Cowan to
proceed to work, went Mr.. s NJ. Da-
mon. who will look over the plantation
Stockholders who have been interested
in the deal which VIII continue the
work OF the estate. say there is no con-
nection between the two events They
have had many conferences with Mr..
Damon. but aver that at this time
there is no relation between his visit
and the beginning OF work. Mr.. Da-
mon would not say what were his in
tentions as 10 the future OF the estate
but said he would make a careful in
upon his return.
Men with money in the plantation
say the present proceedings are had as
the action OF Receiver Wundenberg in
refusing TO keep on the work, but in
stead TO permit the plantation 10 run
down. would have the effect only-of de-
preciating il, and thus ii would bring
only a small price at any sale. The
move now being made will insure the
saving of the sugar and in case there
must be a sale in the future. the estate
Will bring the highest price.