The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-02-10
WILL TAKE
REGO'S STORE
The Trustee Leaves for
KolOa to Assume
Control.

Mr.. James w. Wakefield, trustee un-
late postmaster at Koloa for the bene-
fit of his creditors, with Uncle Sam
preferred, left for the Garden Island on
the Mikahala last night to take charge
of the business and property put into
his hands under the terms of the deed
It Will not be known until Mr.. Wake
field has looked into the matter on the
ground, whether Rego's business will
be continued, or whether the whole
thing Will be wound up.
Rego, in his deed to cover his credi-
tors from the effects of the defalcation
in the postoffice, turned over property
that is variously estimated to be worth
from $4,000 to 100000. The business
that he had done has been a very
profitable one in times past and no
doubt would have still been profita BILE
if he had contented himself with le-
gitimate returns and not tried to go
into the outside line of ''kiting'' money
orders.
Because the business has been profit
able, and because it is believed that it
can still be profitably carried on, it is
said that Mr.. Wakefield viii make an
effort to have it continued, although
1t may be turned over to the firm of T.
H. Davies & Co. who are the heaviest
creditors after the United States gov
ernment. The claim of the govern
ment of $27, 900, growing out of Rego's
defalcation, of course comes before all
others.
As to Rego himself, he has been re-
leased on bail, and it is said that his
bail was made so light because it was
desired that he should give Mr. Wake
field the benefit of his advice in wind
ing up the Koloa business or in con-
tinuing ii, as might be deemed best for
all parties. Rego. under the provisions
of the Federal law he has violated. has
enough charges staring him in the face
to send him to jail for not less than
six thousand years, given that he only
gets the minimum penalty of five years
for each offense And that should hold
him for a while.
Rego's bond. signed by the Surety
Company at midnight on Wednesday.
is understood to have been secured to
the company by an actual cash deposit
of the amount of the bond given. This
sum was made up by the friends of the
accused man.
United States Marshal Hendry, who
went down to Koloa to take Spalding,
Regos deputy postmaster, into custo- |
dy on charge OF embezzlement from |
the Federal government. should be |
back today with his prisoner. There is |
small doubt that he has got his man. |
If there has been any trouble" said |
the United States District Attorney |
yesterday. "Hendry would have sent |
Us word
Whether Spalding's friends will rally |
to him as Regos did in his trouble re-
mains to be seen. The two men, how
ever We're said not TO have been on the
best terms when the crash came that
7as got them both into trouble with the
K X X X X r X X \ x X =
want to sell a paper in which bad
word was printed"
And if that answer does not show
The possession of character. that valu-
abIe attribute was never shown by a
COY in this wide world.
Ted" Tracy. though you are but
fourteen. you have done what many a
nan has never succeeded in doing.
You have thought out a conviction for
yourself. and you have had the cour-
&c 20 live up TO IT. You are a lad
worth watching. and following.