The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1907-11-13
LEGISLATURE WARNED
CONTINUED from Page Tourl.

Honolulu seems to be entirely in the
dark about it.
The business with Manila appears
to have ceased about the middle of last
year, and the manager informs me
that he is so far disturbed about the
condition of affairs at the agency that
he has instructed a firm of attorneys
at Manila to make an investigation.
"A count of The members register
shows that the total number of Ger
tilcates issued is 3447; a large ma
jority of the holders being Hawaiians.
Total number cancelled 1868. Total
number withdrawn 252. Total num-
Der outstanding 1882
Il will not vouch for these figures
being strictly accurate as there is no
method in use by which they can be
proved. They are, however, approx
mately correct according to the Regis
ter; and they tel a very remarkable
story They mean that of all the
membership certificates issued about
one half have lapsed through failure
to keep up the payments; and that the
money paid on them, amounting in
each case to 80 or multiples thereof has
been forfeited to the company. The exact
amount so forfeited could be ascertain
ed with much labor, but there is moth
ing on the books to show exactly what
it is, except the individual accounts
of members on the register. The ag-
gregate sums written off to profit and
loss may or may not be correct; it is
not shown in detail how they are made
up.
The real estate. This is represent
ed by a deed, as per schedule G, and is
set down at $4,000. 90. This property
was turned over to the company in
exchange for shares, and if it is unen-
the case, excepting for a small lease
the question naturally arises, why
does it not yield some revenue? l an
told that, with the exception of a small
rental from the Waipio lands, it is a
! present unproductive.
"The net amount of capital invest
ed in this company by it's stakeholder,
and members, if l have rightly under
stood the records, is upwards of $50 00
and the question seems pertinent, Wn.
is there not more revenue from thi
large investment?
"A considerable portion of it is &C
counted for by the unproductive rea
estate and the money sent to Manila
but the other assets do not nearl
make up the difference
THE real explanation, as it appear
e0Coo0OoSoS0C00Oo0oooO0o0'
! up very fast, but as am only an EN-
ployee suppose l will have TO obey
The work will be very hard to do, bu
] will do it to the best of my ability.
Il will also help Hawaii in Othe
. ways, as l intend to do PROMOTE
p work whenever l get the chance.
have all the confidence in the worl
< that the appropriation would 2
r through, even II no person went o
. for the purpose Of laying before Cor
1 gress the Pearl Harbor matter, as
] think we have had assurances enoug
from the different Congressman as we
as the Commercial bodies, that the
would do all in their power to get tn
necessary money to start the work.
. have no idea how long l will be ava
q but my work will be carried on by II
4 five members of the committee while
p am away | expect to leave on II
e Korea, and will devote my whole tin
y until then in securing all the data
Il can possibly get relative to Pearl Ha
- Dor so l will be table to have all Il
n important facts on my finger ends.
a we do not secure the appropriate
q this year it will not be because ha'
g not done the best could"