The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1908-08-15
FIFTY. YEARS OLD
CONTINUED from Page one.l

drew from the firm, and it was then
continued by Messrs. Bishop and Da-
mon together until May 81, 1895, at
which time Mr.. Damon succeeded 70
Mr.. Bishops interest, becoming sole
proprietor until July, 1895, a month
later, when ]. H. Fisher and H. e.
Waity became partners. Mr.. Fisher
had been with the bank from January
81, 1883, and Mr.. Waity from Deem
Der 81, 1894.
On the fortieth anniversary, be-
sides the members of the partnership,
the increasing business of the bank
necessitated the employment of the
following force: Chas. A. Bon, ]. o.
Carter, Jr., Carl Nett, ]. H. Mackenzie,
w B. Scott, Alexander CARVE, A. Berg,
Norman Halstead, Miss Regelsberger,
Ho Fon, Young Tong, G. Nakamura,
and Kaluna.
Mr.. j. H. Fisher retired from the
firm at the close of the year 1899, and
on January 1, 1901, Mr. Damon's elc-
est son, S. Edward Damon, was ad-
mitted to partnership, the firm then
being Damon, Waity & Damon. These
partners carried on the business until
June Z, 1904, at which date Mr. H. e..
Waity retired, and on September q,
1904, Mr.. S. Edward Damon died. On
October 1, 1904, Alexander CARVE was
taken into partnership, and on April
1, 1905, Allen W. T. Bottomley Joined
the firm, the members then being Da-
mon, CARVE & Bottomley. This con-
tinued until the death of Mr. CARVE
on November 81, 1907, and the partner
ship now consists of Mr.. Damon and
Mr.. Bottomley. The business of the
bank has steadily grown, and, in adj
dition to the partners, on this fiftieth
anniversary there are % clerks employ
ed in the banking business.
The bank of Bishop and Company
has been closely identified with the
commercial and industrial progress of
the Hawaiian Islands. Its operations
began with the encouragement of the
whaling business, the leading indus
try of the Islands in those early years
of its civilization. When the sugar
industry was in it's inception, as well
as when largely developed, Messrs.
Bishop & Company again and again
proved it's strong right arm. Once the
firm, bOrrOurod e6OO mn of On oInor
mally high rate of interest from a
San Francisco syndicate, which it de-
voted to tiding the planting interests
over a perilous crisis. This was in
the early days of the Reciprocity
Treaty. The able management of the
Hon. Charles R. Bishop created gen.
eral confidence in the bank in it's
earliest period, a confidence that the
public has never had cause to regret
and which has now placed the bank
on the road to prosperity. Since MIR.
Bishop retired from active participa-
ton in the management some 10
years ago, the Hon. S. M. Damon, then
Minister of Finance of the Republic or
Hawaii, assumed that responsibility,
and under his conservative manage
ment the bank has continued to grow.
Conditions in Hawaii have changed
materially since Mr.. Bishop and his
partner Mr.. Aldrich commenced bank
ing operations. Their faith in the
future of Hawaii has been ratified by
the growth Of the various commercial
and agricultural interests, and with
this growth Bishop & Company have
joined hands. Twenty-six national
tiles have accounts in it's books. The
Anglo-Saxon, Oriental, and Latin races
work side by side in its faithful staff
The present senior manager, S. M.
Damon, has continuously worked in
all of the departments from the year
1870.
Bishop & Companys policy, espe-
cially in the last ten years, has always
been very progressive one, and from
small beginnings their insurance, trusl
and audit businesses have grown UNI
til on January 6, 1906, the Bishop Trust
Co., Ltd, was formed to take over the
trust business, and the Bishop Insur
ance Agency Ltd. and the Audit Com
pany of Hawaii were also incorporates
and took over the insurance and &C
counting businesses on August 6, 1907
and April 8, 1907, respectively, and arr
now independent interpretations con
Quoted by able boards of directors.
A few statistics as to the growth o
the bank from early beginnings ma!
be of interest.
The first deposition on the 18th o
August, 1858, was C. H. Levers, witt
opened the first account with de
post of $1,3OO.O0. Other depositor
on the first day were as follows:
w. A. Aldrich. ...............$3 176. 5
. Walter r. Seal. .............. 1870
George Thomas. 1871
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