The Hawaiian gazette., 1902-01-31
BANKERS
WILL SEE
ISLANDS
TheyCometoLook
Into Hawaiian
Business.
4 r. P. N. LILIENTHAL, manager

A 4 r. P. N. LILIENTHAL, manager
|" of the Anglo Californian Bank, of
San Francisco, viii arrive in the
steamer Alameda on Friday, for the
purpose of making a short stay here
and becoming acquainted with the in
dustries and general business of the
Islands. While the length of his stay
has not been determined as yet, 1t is
believed that he will not return to San
Francisco until the sailing of the So
noma February 18th. and in the event
of business engagements even this may
be passed.
Mrs. Lilienthal, who was Miss Selig-
man, daughter Of the founder of the
banking house of Seligman & CO., of
New York, London, Paris and Vienna.
accompanied her husband. In the par
ty also is Mr.. Jesse w. Seligman, the
distinguished corporation lawyer of
San Francisco, attorney for Seligman
& Co. on the Pacific Coast, and the
legal representative Of the Anglo Cali
fornian Bank Of London and San Fran
cisco. accompanied by his wife. There
are also several friends who have had
the trip in contemplation for some
time. and have taken the opportunity
W IL III" III He IlltIl-
bers Of the party have many friends
here and there will be entertainment
plenty during the time of their stay.
The men in the party all have great
interests here. Mr.. Lilienthal having
been one of the first stockholders of the
First American Bank, and as we'll the
practical organizer of the First Ma
tional Bank. while being heavily inter-
pstal in SprnritinS N fha
porations of the Islands. The others
also have been liberal buyers of sugar
shares in the past and now retain hold
ings which will lead them without
doubt to an investigation of the plan
tations and the outlook for sugar here.
There will also be a reflex action, as
the impression made upon the minds
of these men will have great weight
in the fixing of the status of certain
shares upon the return Of these men
to San Francisco. The banking house
of Seligman & Co. is the fiscal agent
of the United States Government in
Europe and the name of Seligman in
Eastern financial circles is as that OF
Rothschild in Europe.
In the matters of the First National
Bank 1t was discovered yesterday that
| there have been several sales of the
stock during the week past, and that
these have been going into the hands
| of the present board of officers OF the
| bank. 1t was reported in the street
yesterday that the sales We're made
about the basis of 1917 and that Presi-
dent Cecil Brown and Director Drier
were doing the purchasing. There was
| a rumor that the transfers of the stock
| had been made, despite the fact that
| there Is in the view taken by the at
torneys of the nonresident stockhold-
ers an annual meeting still pending.
| in the letter of Col. G.. w. Macfarane
| by his attorney, to the officers of the
| the bank, the meeting of January 14th
| is referred to as a pretended" meet
| ing. AS the board in acting upon his
request for another meeting, declared
| that the decision was that the meeting
alluded to was not a legal one, the
! conclusion of the outsiders was that
| nothing could be done to disturb the
| status of the prior date, and that
whatever vote was cast must be that
| represented by the proxies presented
| at that meeting
1t was intimated at the time of the
| action leading to the call, for another
meeting that the attorneys for the
| Mainland stockholders would ask for
a court order to prevent any transfers
| believed that there will be nothing
until close to the time for the meet
ing, now called for March Sth.