davidaulloa/AmericanStories huggingface dataset:
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21

to a schedule fairly devised, instead of
being held down at every moment of car
time to restrictions of a statute carved
out twenty years ago for the mule
car system, which, with slight changes,
was forced on the Rapid Transit Com
pany.
AS to what the result would be if the
cars always took five minutes to make
stops and reach their switches, the
president pointed to the wretehed ser
vice of the past week and explained
that a delay of any car now was felt
by every car on that particular line to
the full limit of the delay that any de-
lay meant a probable loss of connec-
tions with other lines and that if two
or more delays occur to different
cars on the line the results now are al
ways cumulative, resulting in the de-
moralization of the traffic. All of which
could be avoided, as it always had been
since the road was opened, by making
up time and adhering to a schedule.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21

thousand dollars, unless the proposed
increase shall, when taken with the
said original capital stock, represent
only the actual cost of the property OF
the railway. and not over twenty-five
per cent of such cost in addition there
to: such cost may include all expense
of laying track and equipping the road
for public use, and may also include all
subsequent extensions, bat no such in
crease shall be authorized for extern
sions until they shall be determined
upon and authorized by vote of the
corporation.
The bonding arrangements were com
pleted under the advice and direction
of the coast attorneys and local coun-
sci, and in consequence thereof, and OF
other prior readjustments with the
principal bondholders of the old bonds
here, the Company was soon placed up
on a permanent financial basis.
The prior Honolulu establishments al
luded to came about in the following
manner.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21
Household Furniture!
ETC.

Elegant Maple Bedstead, Bureau and
Table Bedsteads of all kinds, Bureaus,
Wardrobes, Washstands, Tables, fine
Jewel Stove, Dining Extension Table,
Dining and Kitchen Chairs and Tables,
Meat Safes. Couches, Pictures, Cook
ing Utensils, Veranda Chairs. En-
feIopes, Heirs Pin Tickets, Benches,
Wire Netting. Trunks, Dry Goods,
Shirts. Pigeons, pair Oars, Lamps,
Tool Chest. Odds and Ends handy
about the house
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21
FACTS VS..
FICTION
Continued from Page 1.)

IIOu1
Board, are willing to attack with idle,
distorted. and malicious statements, the
bona fides of the stockholders and di-
rectOrs of the Company.
IL our books and records had been
examined, even with Indifferent care
by the Committee, it is safe to infer
that its findings would have been sub
stantially in accordance with the facts,
which radically differ from the conclu-
sions of the Committee.
FIFTH: To set at rest once for all
any misapprehensions that any member
of your honorable body may have as
to the manner in which the obligations
of this Company TO the Territory have
been met and fulfilled, in so far as the
same relate to its increases of cap1taI
stock and the earnings thereon, [
would ueg the indulgence of the Sen
ate while | outline the financial his
tory IF the Company
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21
EARLY FINANCIAL TROUBLES.

At that time the above Indebtedness
of S211, 1921 was pressing. Local
| banks had demanded the repayment of
| loans, and certain creditors were
threatening the Company with attach
| ment suits. Further local assistance
was diligently sought for, and sought
| for in vain. Sundry persons of wealth
| and every financial institution in Ho-
| nolulu were appealed to for funds. 1t
| was demonstrated to them that the
| road was at last in operation, with re-
| suits to Justify our approaches for
| credit. But it was all without avail.
| Thereupon certain of the principal
| stock and Dondholders made further
| advances to the Company to steady,
| temporarily, the credit of the concern,
while endeavors were continued here
| and on the coast to secure additional
| funds. A second series of bonds to
| the extent of $l60,00000 was author
| lied, and after October, 1901, was used
up to SOD. 10000 to secure temporary
emergency loans.
Finally the well known banking house
of E. H. Rollins & Sons of Boston, Chi
cago, and San Francisco, was induced,
on our written representations, to make
a complete physical and financial exa1n-
ination of the Company's property and
posal from that firm early in the year
1902 to purchase of the Company all of
it's bonds which it could furnish up to
$315, 100000. This was contingent on
the creation by the Company of au en-
tirely new bond issue of one million
dollars. $500. 100000 of which should be
used solely to take up and retire its
original issue. which. the bankers in
sisted. as condition precedent, should
be first retired, and the balance, $780,
10000, De certified from time to time
az new track and equipment were pro-
vided, at the rate of SIS, 100000 per mile
in excess of the first sixteen miles of
main-track road.
The Board of Directors and the stock
holders accepted the proposition of
Rollins & Sons. The greatest care was
taken by these investment bankers and |
their attorneys to put forth a bond is
sue that could not be questioned by |
investors and the best of legal talent |
took care of the issue
Their attorneys. with whom leading |
local lawyers joined, held that, under |
the Hawaiian statute, which requires |
that the capital stock of corporation |
shall equal the amount of its debts, it |
was necessary, upon the execution of a |
mortgage for million dollar issue of |
bonds that a like amount of stock had |
not only to be authorized, but be ac
tually issued to the stockholders, and |
that the Company had the undoubted |
nj ght to issue stock against the cost of |
all of its property and twenty-f five per /
cent additional thereto, under Section
81 of the Revised Laws, which reads
as follows:
"Seetion 81. Increase of Stock. 1t
shall not be lawful to increase the cap
ital stock of said corporation, at any
time in excess of said two hundred
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21
INCORPORATION FACTS.

The Honolulu Rapid Transit & Land
Company was Incorporated August 80,
1898, by {. H. Anterior, G. q. Ballen-
tyne, Geo. R. Carter, J. B. Castle, and
J. II. Fisher. for themselves, associates
and successors, to take over and eff
fectuate that certain franchise granted
on July I, 1898, by the Republic of
Hawaii, afterward ratified by the
terms of the Organic Act, and approved
by the President of the United States
on the 18th day of June, 1900, which
granted to c. G. Ballentyne, f. J. Low
rey and others. or to such corporation
as might be organized by them, the
rights and PRIVILEGES now owned and
possessed by this Company.
The capital stock was fixed at two
hundred thousand dollars, with the
right to extend the same from time to
time by the issue of new shares, not to
exceed in all the sum of two million
dollars.
The capital stock originally fixed at
5000, 10000, was increased in Septem-
Der, 1899. to $3O0,O00.OO. and further in
creased in January, 1901, to $500,UUU.UU
In January, 1902, it was increased D
$500. 100000; in May, 1902, to $1,000
100000, and in May, 1908, to $780,
100000, where it now remains, and of
which at this date, 81 $50, 100000 has
been actually issued, consisting of
$500 shares of per cent preferred
stock and 5000 shares of common
stock, now paying per cent dividends,
which represent approximately the full
earning capacity of the Company at
the present time. At no time has any
promotion stock been issued.
At the close of the year 1901, the
actual cash cost of the property of
the Company amounted to $797, SAL 81 !;
at December 81, 1902, to 1858, 594.3S;
at December 81, 1903, to 81 1894, BOOTS,
and at December 81, 1904, to 1865,
S02.43.
The road was opened for operation
August 81, 1901, with six cars, oper
ating upon four and a half miles or
track. At that time the Company
had invested $747, O39.75. 1t had on
hand supplies costing $3,243.3S, and
cash, $2,075.49. There was owing to it
$S73.99, its total assets then being
$753, 232.61. Per contra, it owed to
banks, merchants, and others, on notes
and open accounts $211 1921; it's out
standing bonds amounted to $300,000.00
and it had received from sales of stock
at par $242. 070.00, the total liabilities
being 1888 2326I
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21
NOTICE.

Don't drug yourself with pofsons foi
headache and tired feeiing when
pleasant draught of Our Celebrated
Bromo Pop" will do the trick.
Our Chocolate Creams, Cal. Lemon
ade, Root Beer, Orange Cider and all
kinds OF aerated drinks are the best
s1l the market.
ARCTIC SODA WORKS.
1T Miller ST, Honolulu. n. T.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21
THE BONDING ARRANGEMENTS.

In order that any substantial advan-
tage to the Company might accrue
from the above arrangements, then be-
ing discussed. it was agreed with GER
tain local holders of the old bonds own
ing to the extent of 100000 there
of. that they surrender said bonds for
the consideration of 5000 100000 par
value, of preferred stock and $31,35O.-
90 par value. of common stock. By this
exchange only was the Company able to
secure sufficient money to extr1cate
itself from a condition of practical in
solvency. its stock and bonds being
then unstable, except at nominal
prices. ana when the success of the
bond deal was assured, enough add
tional stock was sold at par to bring
the paidup stock to $5OO,000.OO, con
sisting of common, 1921, 100000, and of
preferred, 5000, 100000. At that time
the total cash cost of the property of
the Company was 1861, 212.92, and in
June, 1902, the capital stock was in
creased to $1,000 100000 to meet the re-
uuirements of the bond issue, for reas-
ons above set forth. This consisted
of common stock, p'91 100000, and of
preferred stock, $2O9,000.00.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21
THE TRAMwAYs PURCHASE.

In 1908 the Company purchased the
property, rights, and franchise of The
Hawaiian Tramways Company, Limit
ed, under the authority conferred upon
it by Section S4S of the Revised Laws
of Hawaii, which reads as follows:
.'Section S4S. Right to Acquire
Other Franchises. The said associa
ton and others shall have the right
to take either by purchase or lease, all
or any part of the property, real and
personal, rights, privileges ana Han
chises, of any other railway, or of any
other light or power company, or OF
any company having objects in whole
or in part similar to those by this
chapter authorized and shall have
when so acquired and may exercise all
the rights, powers, privileges and fran
chises of such company, whether the
same shall be derived by charter or
act of the Legislature.
The actual cost thereof was $780,
10000, to provide for which has been
issued to this date of bonds $780,
100000, and preferred stock 100000,
the balance being paid from the treas
ury, $4,000. so that at this date
april II, 1869 the total outstanding
stock of the Company amounts to
81 $50, 100000, and no more. This con-
sists of common stock, $500, 100000, and
preferred stock, $350,000.00, while the
actual cash cost of the property of the
Company as of March 81, 1905, amount
ed to $1,574 ,461.S5.
In conclusion, the Board would re-
spectfully remind your Committee that
the whole question of alleged increase
of the capital stock of the Honolulu
Rapid Transit G. Land Company was
raised in the House of Representatives
in the legislative session of 1903, by
House Resolution No 169, and after
thorough review of the facts by the
Committee appointed hereunder, re-
port was made and spread upon the
House journal, holding it to be the
undisputed right of the Company to is
sue capital stock against the cost of
the property of the Company and TWEEN
ty-fve per cent in addition thereto. We
also beg 70 remind the honorable Sen
ate that the facts therein set forth
We're reviewed at that time by the
then Governor and Attorney General,
who conceded with and acquiesced in
all of the findings of the Committee. A
copy of the said report is submitted
herewith.
Trusting that the foregoing state
ment will receive due consideration by
the honorable Senate,
| beg to remain, Sir,
Your obedient servant,
(Signed) L. T. PECK,
President, III. R. T. & L. Co.
PEcK's TESTIMONY.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1905-04-21
Guinea Pigs, Etc.

ALSO
Macy Sectional Book Cases, I
Macy Oak Library Table.
ALSO
Dressing Combs, Pocket Combs, Fine
Tooth Combs. Children's Combs, Oilers,
Red Pencils. Blue Pencils, Penholders,
Erasures, Memorandum Books, Buy
-ers' Books, Etc, Etc.
FISHER, ABLES CO., LTD.
AUCTIONEERS.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
GLENBURN.
9GGG461AG6G=

John A. Donovan is off on visit to
his parents at Algona, Ia.
Mr.. and Mrs. Smallen moved into
their new home north of Glenburn.
Mr.. Kingston returned to his home at
Springbrook after short visit with his
son, Rev. Kingston.
Ben w. Hosmer returned Wednesday
after an extended stay on his claim
south of the Missouri
Messrs Clifford and Fisher of Mohall
we're in town on business one day last
week.
Mr. and Mrs. Holt of st. Paul visited
with Mr.. Hollis father one day last
week.
B. Donahue has gone to his claim
south of Minot. The Hoke brothers
and Will Meyers accompanied him for
a weeks wolf hunt.
Grandpa Noble is visiting at W. B.
Wards this week.
Byron Kinney is quite sick at present.
He expects to 90 to the hospital for an
operation soon.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
F0xHoLM.

Z: p. Tunell is in Valley CITY this
week. He is a witness in law suit.
Prof. |. N. VanTassel of Leeds is
visiting his iarmstead this week. He
Is an expert marksman and the pophers
suffer accordingly.
Ole Hagen lost valuable COW last
week. She fell down an embankment
and broke her neck.
Mr.. and Mrs. Larson of MINNEAPOLIS
were the guests of Postmaster Larson
for couple of days this week. tt was
quite surprise as the two brothers
had not met for nineteen years.
Mr.: Mcintyre a livery man from
Overholt on tho new 500 branch was
down here last Saturday and SUNDAY.
he informed US that the little town is
booming, several new and large build
lngs have been erected the last week.
Miss Lola Turner has moved to Over
holt where she will run hotel.
Miss Ida Sather returned home few
days ago. She has been east on an ex-
tended visit.
The weeds show an enormous growth
on the highway between town and Geo.
why?
Elevator Man Early bought about a
thousand bushels of m.coroni wheat
from parties living near Berthold, last
week. We understand they received
nve cents more per bushel here.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
WILL MAKE
ROPE MACHINES

A company for the manufacture Of
rope-making machines has been organ
lied in Minot with the following officers:
J. E. Smith, Pres; L. D. McGahan,
Sec'y.: N. Davis, Treas. The company
has the absolute control of five states,
Minnesota, North Dakota, Montana,
Washington and Oregon. Thirty agents
are at work in this state and report big
sales. The machine is simple and does
really wonders. Every farmer should
have one, as the cost is but 81. Ropes
from the size of hair chain to an inch
and half in diameter can be made in
a very short time. The company is
planning on putting in foundry for
the manufacture Of the machines.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
SHERWOOD WRIGHT
PASSES AWAY

Sherwood M. Wright, died of tubercu-
loscis Sunday morning at the home of
his sister, Mrs. w. H. Reighart. Short
funeral services were held at the resi-
aence Sunday evening, and tho remains
were taken back to the old home at
Chebanse, Ill. where Mr.. Wright was
born and raised The remains were
accompanied by two brothers, Lemuel
and George, the latter businessman Of
Towner. The deceased was born Nov.
n, 1881. For several years he was tele-
graph operator in Illinois, being very
efficient in this work. He was connected
with the chief dispatchers Office at
Kankakee, Ill. for three years and is be-
lieved that while there he contracted
the dreaded disease which finally caus-
ed his death. He came to Minot nearly
year ago and seemed to grow better
for time but in January he grew worse
and aitho everything was done for him
;; known to medical science, he gradually
grew weaker until the end. He was
concious until three minutes before his
death and just before passing away,
called his loved ones to his bedside and
babe each fond farewell, sent mess
age to his aged parents at his old home.
Sherwood made hundreds Of frinds in
who will miss his kindly face and cheer
ing way. Thru all of his troubles he was
patient, never murmuring once.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
MCGEE GOES
AFTER PIGGERS

States Attorney MCGEE is making the
piggers Jump sideways at the present
time. and he seems to have them going
The following is the result of the recent
county court trials:
Henry Steece, Sherwood, pigger, con.
vlcted. term one year in the county Jail
fine $3.50, or $50 days. Lien against
Sherwood property.
Auto Stee, his bartender, who told
the truth on the stand, given light
sentence for so doing, 80 days in Jail
fine $3.50.
Henry Deutschler, Sherwood, !:
months. fine $3.50.
Warren Colby, Sawyer, 4 months, fine
s4OO.
Jas: W. Brown, Stanley, months
fine $3.50.
K. B. Wiscb, Mohall, three months
fine S4OO. Wisch is at Mohall attempt.
ing to get 5000 bonds and will appeal.
Mrs. Harry Hill, Sherwood, charged
with conducting house of prostitu.
ton, fine 5000, which she paid.
Barsness, Mohall and Sherwood, four
months, $500 fine.
Herman Becker, Sherwood, months
$500 fine.
Wlnge, Sherwood, months, $500 fine
Thus eight piggers and one woman
were convicted. Liens worth $500
against the property we're secured by
the county which more than pays the
cost of court.
Mr.. MCGEE secured most of these con.
victions thru injunctions placed on
their places of business. He states that
he is going to clean out the county i'll
this manner and his assertion will be
watched bv q good many with interest
-Four injunctions have been placed on
Bowbells pigs, viz: Erick Odell, Slim
Hurley, Slim Williams and Jim Sweeney
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
MINOT GETS
FIREMEN'S TOURNAMENT

G: A. Bissel, Ernie Thompson. James
Mckone, j. j. Coyle and Dick Stein
hofer returned the latter part Of the
week from jamestown where they at
tended the State Firemen's tourna-
ment. They were instrumental in Mi
not's securing the tournament for next
year. This is an honor and will bring q
large number Of the very best fellows in
the state to our city. We will turn out
and entertain them royalty. jamestown
was turned over to the fire laddies and
the boys certainly had fun. They did
everything from setting rat traps for
the pretty bevy of young ladies to tick
ling the good hearted policemen under
the chin in the way of bribery TO do
Just as they pleased.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
=GGGGGGGGG@
THE SALVE THAT PENErRATEs

DeWitt's Witch Hazel Salve pene-
trates the pores Of the skin, and by its
antiseptic, rubifocient and healing in
fuence it subdues inlamma ton and
cures Boils, Burns, Cuts, Eczema, Tet-
ter, Ring Worm and all skin diseases.
a specific for blind, bleeding, itching
and protruding Piles. The original and
genuine Witch Hazel Salve is made bv
p. c.DeWitt& Co. Sold by McC & Co.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
COMING

Mr.. Harold Stormoen, the greatest
actor and humorist on the Scandinavian
stage from National Theatre in Chris
tiana. will be in Minot on Tuesday eve
ming, June n, at 8 p. m. Mr.. Stormoen
is in America on vacation and is only
playing the larger cities. Every Scan
dinavian in the comfy should turn out
and hear Mr.. Stormoen as it will be the
only opportunity they will ever have to
hear the best that Norway can afford.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
CARD OF THANKS

This was handed to the INDEPENDENT
last week but was overlooked.)
We wish to thank our kind neighbors
and friends who assisted US during the
last illness and ut the time of the death
of our wife end mother, and wish to
particularly thank the members of the
Lady Maccabee lodge.
Frank Slatky and children.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
Williston Arainl

Frank Egan, better known as Benis.
was shot in the face at Williston Mon.
day by a worthless companion. Sad to
relate the fellow will recover. This is
the sixth bullet that has found the way
into his carcass. The bullet has not
been recovered.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21

The only place where you can get
satisfaction-at Myrenis the tailor.
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21
MARKETS.

REPORTED BY EDWARDS. WOOD CO.
CORRECTED EVERY WEDNESDAY,.
DULUTH CASH GRAIN CLOSE.
No. Northern S1.11b
No. 2 Northern s1.O312
No. Durum SAC
No. 2 Durum S3c
No. 3 white oats 3l3sc
Rye TIC
Barley 3Sc to 45c
Flax S1.48
MINNEAPOLIS CASH CLOSE.
No. Hard S1.131s
No. Northern sl.11hs
No. 2 Northern SLOTS to s1.Os5s
No. Durum SIC
No. wheat sl.OO5s to s1.O25s
No. 3 yellow corn 5l4c
No. 3 white oats 3OBc
Barley 4Oc to acc
Rye 7621c to 77Ac
Flax sl.464c
The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1905-06-21

Mrs. VIM. Olson, wife of mer-
chant Olson of Palermo, was in
the city Monday visiting with
Miss Mamie Olson.
Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1905-12-13
Christmas Fires.

If one would revive a memory of the
old Yule fire, backing of hard wood,
the largest to be had, should be chosen
The hearth should be clean and cold
before Christmas even and the log set
in place with the cedar or pine or other
light wood" kindlings at hand. AS
the sun goes down fire is applied and
the big log set ablaZe. In the days of
the Druids, whence Yule log is derived,
the priests lighted the annual log with
an ember from the sacred perpetual
fire they guarded. In the mountain re-
gions of the south the hearth fire Is
kept with an almost equal fidelity,
scarcely ever being permitted to die
out from October to March, and in the
cabins of the negroes it is no uncom-
mon sight upon Christmas night to
see within the fireplace itself, their
heads up the chimney. pickaninnies of
various sizes busted in warming their
toes, their bare feet resting on logs of
cedar or hickory or oak and their black
eyes rolling with anticipations of COM
ing good things.-Harper's Bazaar.
Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1905-12-13
some Christmas Thoughts.

Lift up your eyes to the great mean
ing of the day and dare to think of
your humanity as something so divine
ly precious that it is worthy of being
made an offering to God Count it as
privilege to make that offering as
complete as possible, keeping nothing
back, and then go out to the pleasures
and duties of your life, having been
truly born anew into his divinity as
he was born into our humanity on
Christmas day.-Phillips Brooks.
May the spirit Of the sweet Christ
mas Child possess me; may the Star of
Bethlehem shine above my dwelling
place.-ThOmas Kempis.
The season of regenerated feeling
the season for kindling not merely the
fire Of hospitality in the hall, but the
genial flames Of charity in the heart
Washington Irving.
We make q great deal Of peace with
heaven; Christ made much of peace on
earth.-Henry Drummond.
1t is good to be children sometimes,
and never better than at Christmas,
when its mighty Founder was a child
himself-Charles Dickens.