The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1908-10-06


ton of the trans-Pacific racing yacht
Hawaii was last evening endorsed at a
meeting of the Hawaii Yacht Club and
a committee was appointed to proceed
to gather subscribers for sea wrens"
and to order the parts and supervise
their construction. The proposition
for the disposal of the Hawaii appears
| in the following letter from the Hawaii
Yacht Club to the Trans-Pacific Race
| Committee
Dear Sirs:-We understand that the
| Transpacific Yacht Race Committee is
now DESTROYS of making some definite
arrangements with regard to the dispo-
sition of the yacht Hawaii.
To offer her for sale does not seem
! to be the proper course to pursue as
the yacht was built to represent Hawaii
in the transpacific races and while she
failed to bring home the first prize in
the 1908 race, we should not be dis
couraged but feel that she should be
kept intact for the next race.
Furthermore it seems that to offer
the yacht at auction would not bring
one quarter Of what she actually cost,
for the reason that the Territory does
not support yachtsman who has suf-
ticient means to enable him to offer
anywhere near what the yacht is worth
and, OF course, you do not care to sac
rifice her for song
This being understood the Hawaii
Yacht Club wishes to present to you
the following proposition:
The Hawaii Yacht Club will under
take the entire control management
and maintenance of the yacht Hawaii
under the following conditions
The cost of the yacht was, in round
numbers, $4,000, of which $4,000 is
still owing on note to the First Ma
tional Bank of Hawaii.
! If all donors to the fund which was
raised to build the yacht Hawaii will
assign their interest IN the yacht to
the Hawaii Yacht Club, Ltd, we will
make return as follows:
We will assume the $4,000 note. To
all donors we will present stock in the
Hawaii Yacht Club, Ltd, equal to the
amount of their donation making them
regular members with a vote, but sub
ject to the regular dues of 81 90 per
month, payable quarterly in advance.
We believe that every donor will be
glad to accept this proposition and we
would draw your attention to the fol-
lowing advantages:
The yacht would be in charge of a
responsible corporation composed OF
men whose experience enables them to
handle such matter to the best ad-
vantage.
1t would still be owned by the same
people who would have say in the
management of the yacht at election of
officers
1t would turn the yacht from an I'M
namable something into a real asset as
it would be owned by corporation of
standing and responsibility that al
ready owns property OF absolute value.
J 1t would be a splendid encouragement
to the sport of yachting generally and
would promote interest in that grand
sport by introducing many new mem
bers to the club who would, doubtless,
take more interest in yachting on be-
coming members of the club.
We believe that those who have do
mated to the fund and do not care to
join the club would be quite ready to
turn over their interest in the yacht to
this organization. We would suggest
that letter be addressed to all do
nors to the yacht Hawaii fund placing
the proposition before them and en-
closing slips to be signed whereby they
convey all interest in the yacht to the
Hawaii Yacht Club, Ltd, in consider
alton of stock in that corporation.
In the matter of Sea Wrens' it was
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