The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1904-03-15
New Blood Enters
a Very Old
Concern.
Consolidation of Trust
interests is
Likely.
Castle, Bishop & Co., Cartwright
and Others Buy Water
house Stock.

In the reorganization of the Henry
Waterhouse Trust Co. yesterday, fol-
lowing the purchase of the Waterhouse
stock by prominent monied interests.
is presaged the eventual concentration
of number of the trust interests of
Honolulu. Robert w. ShingIe, who
has been associated with the Water
house Trust Co. in various capacitiess-
for the past six years, is the sead of
the new concern.
The zXaterhouse stock in the corpora
ton changed hands last Saturday, the
ing Bishop & Co, bankers, d. w. An
derson, Bruce Cartwright, w. r. Cas-
tie and A. n. Campbell, the association
of the new interests with the old being
in measure consolidation of some
of the various business interests they
represent. The reorganization was
completed at a meeting held yesterday
afternoon at which the following off,
GERS We're elected: President r. W.
Single; Vice President, Bruce Cart
wright; Secretary. d. w. Anderson;
Treasurer, Albert N. Campbell; Direc-
tor. w. r. Castle; Auditor A w Bot
tomley and Bishop & Co, bankers.
The Interests held by Albert Water
house personally, together with that
of his father. the late Henry Water
house and that of r. H. Trent were pur-.
chased by the new shareholders. Mr..
Waterhouse will leave the corporation.
and devote his time to the interests of
the estate. Mr.. Trent who has been
identified with the waterhouse inter-
ests since July. 1901, will also leave. He
has for some time been considering a
business offer in Manila, and may go
to that city For the present at least
he will maintain his old offices at the
Trust Company and continue to repre-
sent the Volcano House Co, for which
he is the local agent.
A N Campbell, the new treasurer
of the company, has been for some
years associated with w. r. Castle. He
viii take up the duties of his new office
Immediately. Mr.. Shingle will continue
in the management of the company.
The death of the late Henry Water
house and the retirement of A. B.
Wood because of nl-health made the
reorganization of the old corporation
imperative. Mr.. Shingle, to whose ef-
1F
Waterhouse & Co. six years ago, much
of it's recent success is due. has acquir-
ed the interests of Mr.. Wood, and a
short time ago evolved the plan for the
reorganization of the corporation on a
basis which would bring in new blood,
and at the same time increase the
scope and business of the Waterhouse
Trust Co. The union of new interests
will not only do this but it IS also
the beginning Of the concentration Of
a number of trust interests in Homo
lulu in the Waterhouse Trust Co, yes
terday's organization being the first
step in that direction.
There was some talk on the streets
yesterday to the effect that a consoli-
datfon of the Hawaiian Trust Company
and the Waterhouse Trust Company,
would be effected. Mr.. Shingle stated
that nothing of the sort
had been arranged. He admitted. how
ever. that the matter had been thought
of.
The elder J. T. waterhouse started in
business in Honolulu in 1852. In later
years he was joined by his sons. John
Thomas and Henry waterhouse, and
did a thriving merchandise and agency
business. After the death Of the found
er of the firm the crockery, grocery, dry
goods and hardware stores were dis
posed of. and a financial, agency and
commission business was continued by
the late Henry Waterhouse, until Janu-
ary 1. 1903, when the Henry Water
house Trust Company, Ltd, with sub
scribed capital of 5000, 200, was incor-
porated.