The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-12-11
SAME AS A
LOST SHIP.
Income Tax Case
| Is Submitted
| to Court.
J.P. COOKE PROVES
/ THE DEPRECIATION
Says That Abandoned Mill and
. Railroad Must be Written
Off the Books.

ne appeal Oh the f1dHdlldA
cial and Sugar Co. from an assessment
for over $4,000 income tax was argued
and submitted to the Tax Appeal court
yesterday morning. No decision was
given by. the court but which ever way
it is decided, there will be an appeal to
the Supreme Court.
]. P. Cooke was the only witness of
the morning for the sugar company.
He testified that the abandonment of
the old mill and buildings and railroad
had caused loss of s2T0.404. This was
figured according to the testimony by
taking a percentage of what it would
have cost to replace the useless prop
erty The estimates had been made
in San Francisco. according to the wit
ness, but he understood that one-fourth
of the cost had been taken.
why could not the value of the old
building and railroad be carried" ask
ed W. o. Smith, counsel for the cor
poration.
IF it was carried on the book" re-
piled Mr.. Cooke, land not written off
as a loss, the stockholders could say
it was false asset. It, is in my opin
ion as much loss as if it had been
vessel lost al sea. The buildings and
railroad had been abandoned and the
property certainly could not be classed
as assets
| On cross examination Mr.. Cooke said
that he could not give the loss or de-
probation in detail, and that it had not
been the custom to write off losses be-
fore the present management took hold.
1t had been the practice to put in any
thing spent on the mill as operating
expenses which was considered as an
offset to depreciation. In reply to a
question from Mr.. Robertson, the wit
ness said that he believed the loss of a
ship should be written off, even though
the owner had scuttled the vessel.
Il 1.-THE abandonment of the mill hasn't
deprecated the value of the stock, has
it?" asked Robertson.
Il don't know what did it, replied
Mr. Cooke.
"LE's going up now"
Yes
Mr.. Cooke explained that this was
due to the advance in the price of SUI
gar, and laughingly remarked that some
of the attorneys must be specializing.
There was no evidence put in by the
tax assessor and after argument Tie
case was submitted to the court
JUDGE DE BOLTS COURT.
Judge De Bolt made another big hole
in the criminal calendar yesterday.
There were two jury trials both of
which resulted in verdict of guilty,
and several cases We're nolle pressed.
Kekoi was sentenced to prison for
one year for larceny. after being found
guilty by a jury. His attorney wished
to plead guilty for him but Kekoi said
u he was innocent, and the trial resulted
in conviction.
Juanita was found guilty of larceny
, also, and sentenced to prison for two
years.
A nolle prosequi was entered in the
case of Hoopii. indicted for larceny
The same order was made in the case
of Kimura, charged with similar Of
Tense.
The case of Alfred Reveira charged
| WITH assault WITH intent 10 cOIIlulIi
murder was dismissed.
The following cases are set for triaI
today: Juanito, Kahulehio, Owen Holt
Jr., H. Mort, Keloho and All On and
PAX Chez.
BEFORE ROBINSON.
The case of Y. Amin VS.. John K. Sum
, ner was on trial all day before Judge
Robinson. The Princess Theresa was q
witness for plaintiff telling of transac-
tions had with Sumner, while Wilco2
had control of his property. The plain
tiffs case is closed and the defense be-
gins this morning.
REPLIES TO THE BISHOP.
John K. Sumner in an answer to the
petition of Bishop Gulstan that he bt
allowed to resign as trustee, gives some
interesting details of his family rela-
tons. Sumner says his niece anC
( Inephews threatened to put him under
) guardianship again unless he gave then
I a large part of the S110,0 900 received from
( the Oahu Railway. He alleges that "
J s. Ellis, Victoria Buffandeau and Johr
J s. Ellis, each demanded 5000, but tina
he gave them $4,000 apiece. with th'
understanding that they cease meddlfns
with his affairs. He gave a simila
amount to Maria 5. Davis and to tn
Catholic church, and deposited $4S, 90
in Bishop & Co.'S bank. This $4,000
he says, Bishop & Co. has been notified
not to pay, by Ellis and Mrs. Buffan
deau, who he alleges hope to induce hin
to give them still further amounts
Sumner represents that he must go t
Tahiti and take with him $4,000 o
$50, 900 and asks the court to discharg
the trustee and decree that his none,
/, should be turned over to him.