The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-10-07
ASKED To
EXPLAIN
Paris Tells About
the 100000
Deal.
IN THREE
CAPACITIES
McChesney Seeks in Vain for
Waikiki Land 6 Loan Asso-
citation Accounting.

The examination of George Paris as
treasurer of the Waikiki Land and
Loan Association was concluded yes
terday afternoon before Referee Simon
ton, with but little additional light be-
ing thrown upon the affairs of the CON-
pany for the benefit of J.. M. McChes-
ney, the complaining stakeholder. In
fact, at the conclusion of the hearing,
Paris admitted that he had not made a
complete accounting, but that it would
require time and money to do this. His
attorney, F. E. Thompson. submitted a
proposition to the effect that three men
be chosen, including Paris, and one to
be named by McChesney, for the pur-
pose of further examination of the
books. This offer of compromise was
refused by McChesney, who said that
he. had no hope of getting any further
information from the treasurer of the
company.
The transaction most closely investi-
gated was the purchase by the Waikiki
Land and Loan Association from Ash
ley and Paris of certain leases and
stock for the sum of 100000, Upon ex-
animation by Lorrin Andrews, attorney
for McChesney, Paris admitted that the
transaction was made in this wise.
Ashley as president and himself as
treasurer mad made arrangements with
the firm of Ashley and Paris, as agents
to purchase from Ashley &, Paris pri-
vately the leases in question, together
with stock for the sum of $4,000. To
the question of whether he had receiv-
ed the 100000 as treasurer of the Wal
kiki Land e. Loan Association Paris re-
piled that it was a hard question to
answer, when a man is acting IN three
capacities
Was the check for $4,000 borrowed
by the Waikiki Land & Loan Associa-
ton ever in the company's hands?'
asked Mr.. Andrews.
1T was in my hands as treasurer -
replied Paris.
The witness further stated that he
was to see that the leases of McChes-
ney and GriswoId were retired, he act
ing in the capacity of treasurer at that
time. Witness stated also that there
had been an act of the corporation au-
thorizing the deal, but he could not find
it in the record. Following this deal
the association had practically gone out
of existence, but Ashley and Paris still
90 +oI oz to ke1- a1 40 ~
some of the transactions after the $780,
600 transfer in 1901, Mr.. Paris mention
ed the giving of a right of way to the
Rapid Transit Co. through the McCully
tract the defense of a suit brought on
the lease, the payment of attorneys
fees and the partial filing of the Nc
Gully tract.
Following the examination Mr.. An
drews asked the witness if he had any
thing further to say.
IF l have time and pay I can make
a complete accounting, but it will take
a month to make it up
do you not consider that as treas
urer of the company you are bound to
give that accounting unless paid for the
months timer
Il cont know
But you don't intend to give a bet
ter accounting unless you are paid for
it,"
Il didn't so state.'
II would like to have an opportunity
to give The court all the information
that is wanted" continued Paris, but
will need the assistance of Mr. Ash
ley.
IF the court sees fit that 1 should do
it alone, I will try; but 1 don't think I
can get out an absolutely correct state
ment, for L don't know about Ashley's
part, for he attended to his half of the
business. 1t would ge great hard
ship to require me to go over two or
three years of dead horse work to make
a report which viii finally show that
the Waikiki Land & Loan Association
is nothing, and still owed Ashley &
Paris quite sum. I am willing to go
ahead and instruct anyone that the
court will name to go over the books