The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-05-08
DILLINGHAM; TAKES REST CURE

Under the title: Troubles Come for
Observation-Disclosures Millionaire is
Here to Rest and His Business is I'm
der investigation the Chronicle prints
the following:
BENJAMIN Franklin Dillingham;. some
times called the Monte Cristo of Ha-
waii,'' is in a sanatorium in this city
so badly in need of the benefits of the
rest cure that his wife and daugh-
ter, who came with him from Honolulu
several days ago, are denied the privi-
lege of seeing him. The man who can
not be seen and his mammoth affairs
are the subject of keenest interest 10
many banks of this city which hold his
paper, and an investigation started re-
Gently in Honolulu is now being taken
up here. His friends say that there is
a probability that he will be able to
make good for every dollar that his
company is owing and that he will
recoup his private riches.
1t is as the chief spirit of the Olaa
Sugar Plantation Company of Hawaii
island that Dillingham; is involved,
and it is paper of the Oahu Railway
and Land Company, Of which he is
chief owner, which constitutes most of
the securities held by the local banks
for advances made to the plantation
company.
The Bank of California is said by
parties who should know to be in
deepest. Though neither President
Moulton would discuss their relations
with Dillingham; and his company last
night, it is stated that the debt to the
Bank of California amounts to $500, GGV.
THE whole sum is covered by Sc
curities which have some value and
which may prove to have a value equal
to the full amount of the Indebtedness, =
said one familiar with the circum-
stances. .DiIlingham is a sick man
that is what has precipitated this fur
ry. He has let his wonderful vitality
lead him into overwork. TWO months
ago ne realized that the strain was
proving too great for him. and he
dropped everything and took a trip TO
Japan for relaxation. It was while
he was away on this trip that rumors
of the instability Of the big plantation
proposition he was backing became
current in Honolulu. Over-tiraid credi-
tors began an investigation there, and
Dillingham; hurried home. The rumors
finally reached San Francisco. and Dill
city to see the banks here who have
taken his paper. He was about broken
down when he came ashore several
days ago, and now he is in the sana-
forum, where no one is allowed TO see
him, and freedom of mind is absolutely
essential to his health
MANY BANKS INVOLVED.
As Dillingham; affairs are said not
to have reached the stage of a failure,
the corporations interested are ex-
ceedingly reluctant about advancing
information or making admissions. It
IS understood that while the Bank of
California is the heaviest creditor,
there is hardly bank in the city
which does not hold paper of the COM
pany, The average amounts are from
| $4,000 to SIS, 600.
hams company is $4,000. O00." said a
prominent banker last night. "Of
| this sum 100000 is in San Francisco.
The condition of affairs cannot be con-
NEUTRALITY-SUSPICIOUS. Es2gsSsssassEs9 gs2s
Colonial habits of thought were present
justice. Had it been otherwise, it is cas-
/ II a notebook, TO be reproduced in the
sition that Americans discover htlnor
| that America had drifted far from the
way would be quoted "Hark from t
| Too bad for the European judgmen
| the proposition The lawyer in question
College, Dublin, while the Juror whose
led the laughter in the richest of native