Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-10-06
'; e.; :::::. NP OFT - = e.:
HAWAII GOING over
TO THE YACHT CLUB
Custody Of Craft Dis
posed Otto Order
Sea WreDs

Disposing of the yacht Hawaii aft
err a feasible plan and appointing Q
committee to get subscribers for SET
wrens. the Hawaii Yacht Club last
evening transacted some of the mos
important business Of the season, ant
took at least one step which may
make Hawaii sort Of Mecca FOL
small-boat enthusiasts.
The disposition Of the Hawaii wal
suggested by Vice Commodore VIII
der on the plan that the yacht clnt
shall take over the yacht and Its In
debtedness from the Trans-Pacift
Yacht Committee, subject to the APP
proval of the donors to the yacht fund
who in return are to receive stock III
and membership In the yacht club.
This proposition came in the fol-
lowing letter from the club to the
yacht committees:
ITO the Transpacific Yacht Race Com
mittee.
Dear Sirs:--We understand that
the Transpacifc Yacht Race Commit
tee Is now DESTROYS OF making some
definite arrangements with regard tc
, the disposition of the yacht Hawaii
ITO offer her for sale does not seem
! to be the proper course to pursue as
the yacht was built to represent Ha
wall in the transpacific races and
while she failed to bring home the
first prize In the 1908 race. we should
| not be discouraged but feel that she
should be kept intact for the mex,
race.
Furthermore 1t seems that to otfe'
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 SUI
ficient means to enable him to ohel
anywhere near what the yacht II
worth and, of course, you do not care
to sacrifice her for a sopg.
This being understood, the Hawai-
Yacht Club wishes to present to 20,
the following proposition:
THE Hawaii Yacht Club will under
take the entire control, management
and maintenance of the yacht Hawai-
under the following conditions:
"The cost of the yacht was, In rount
numbers, $4,000, of which $4,000 u
still owing "on note to the First Ma
tional Bank OF Hawaii.
'If all donors to the fund which wa
raised to build the yacht Hawaii will
assign their interest In the yacht L
the Hawaii Yacht Club, Ltd, we viii
make return as follows:
I'VE will assume the $4,000 note. T,
all donors we Will present stock in tn
Hawaii Yacht Club, Ltd, equal to tn
amount of their donation, making
them regular members with vote
but subject to the regular dues of 5
per month, payable quarterly in al
vance.
1--WE believe that every donor will
be glad to accept this proposition an
we would draw your attention to tn
following advantages:
The yacht would be In charge of
responsible corporation composed q
men whose experience enables them +
handle such a matter to the best al
vantage.
at would still be owned by the sam
people who would have say In tn
management Of the yacht at electio
of officers.
ut would turn the yacht from n
unnamablc something into q real asse
as 1t would be owned by corporatio
of standing and responsibility that a
ready owns property Of absolute value
1T would be a splendid encourage
ment to the sport Of yachting genel
ally and would promote interest l
that grand sport by introducing man
new members to the club who woult
doubtless. take more interest In yach
Ing on becoming members of the clul
I'VE believe that those who hav
donated to the fund and do not care I
join the club would be quite ready t
turn over their interest in the zach
to this organization. We would su,
gest that letter be addressed to a
donors to the yacht Hawaii fund pla,
ing the proposition before them an
enclosing slips to be signed where,
they convey all interest in the zach
to the Hawaii Yacht Club, Ltd, In col
sideration OF stock In that corporation
Trusting that you will give thi
matter your very careful consider;
| ton"
The letter was approved. and upo
the statement Of Mr.. Wilder that h
thought the yacht committee woul
accept the proposition at once, he wa
authorized to appoint a committee {
} confer with the donors to the yacl
fund without waiting until the zach
club could get together again.
An informal discussion of the Sc
wren proposition was held for Will
before the meeting opened, and tn
probable cost of each boat estimate
at from 500 to $125.
A motion was then made that III
! chairman nnnnint "a nnn,n,IItno N