The Hawaiian gazette., 1904-07-01
.bLACKMAIL IS STRAUCH'S
CRY.
Continued from Page ~

held the power of attorney, acted as
agent here, or signed the guarantees
on each $500 contract for the "Equita-
BILE Underwriting & Trust Co.., which,
for the sum of one dollar. is supposed
to guarantee that for period of ten
years and five months the Co-Opera-
tive Home Furnishing Society" Qun
by partnership consisting of E. r.
Rodgers, c. II. Sedgebeer, and Fanny
Strauch) will carry out it's obligations
to the man holding the $500 contract
Mrs. Strauch declared that it was well
known and that it was not necessary
to say anything more about the re-
sponsible men who were it's directors
on the Coast. Strauch said he would
answer that question in writing.
Strauch had the books before him
showing how many members there are
in the society and how much they have
paid into it and stated that these are
at any time open for the inspection of
a member.
The reporter had called first at the
offices about $3.50 and found them fill
ed with natives. Strauch said he was
too busy then to answer questions hut
told the reporter he could return at
five o'clock. At five o'clock the report
er called and found the party looking
over the books. The reporter asked if
Strauch We're ready to see him. He
said he was too busy then. The re-
~, 81 L.
said: You can stand there at the
door if you like but l don't know If l
will talk to you. You are only trying
to blackmail us anyway The re-
porter then entered but Strauch would
answer none of the questions and said
everything that had BEEN printed was
Hot air. but that he would answer
all questions in writing. Mrs. Strauch
was excited and said that a newspaper
that wanted to blackmail them with
hot air. could not hurt them. Point
ing to a small safe in the corner of
the room she said that all the cash
collected was in the safe and that mem
bers of the society had counted it and
found it to be all right.
Earlier in the day a reporter had
called at the office and asked for sam
pie copies of the contracts of both the
Cooperative Society and the Trust
Company but the clerks refused to fur
nish these upon learning that the man
came from the Advertiser office.
NO LOANS WITHOUT SECURITY.
p. E. r. Strauch, manager of the Co
Operative Home Purchasing Society,
in talking to a reporter of the Adj
vertiser on Tuesday, gave some inter-
esting points concerning the loans
made by the concern. The reporter
asked Strauch what the Society would
do in case man had paid in $40 per
month for thirty months, or until his
turn to receive a loan should come,
loan.
IF I had been allotted the loan of
$500 and I had paid in a large portion
of this amount in monthly INSTALL
ments before receiving the loan, would
1, at the time of receiving the loan,
be obliged to give you security that l
would repay it?"
Certainly. 1t would not be good
business for US to make the loan with
out getting the best of security" re-
piled Strauch
well, suppose had paid in my dues
regularly for thirty months and at the
time my loan was ready could not give
you any security for it. What would
the Society do for me?"
You would have to give the secur-
ity," said Strauch, "or we could not |
make the loan"
Il