Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1908-05-22

Accounts
Criticised

The fourth annual and final accounts
of the Henry Warehouse Trust Co.,
Ltd, administrators of the estate of
William II. Cornwell, were filed this
morning, with the report OF John Mar
callino, as master appended. There
is considerable of mix-up in the re.
ports, but 1t is probable that every.
thing will be satisfactorily settled.
The fourth annual accounts were
filed with the master April "a, and
cover period of from January 5,
1907. to January 8, 1908. On Febru.
AIRY 6, 1907, the Court re-referred the
third annual accounts to John Mavcal-
limo, at which time he was about TO
raise the question as to the right Of
the administrator to pay out certain
legacies of $4,000 each to Kate l.. Vida
and Mary Widdifed. The question
was whether or not 1t had been prop.
erly paid.
The Henry Warehouse Trust Co.,
as administrator, charges itself with
the sum of receipts amounting to &c.
517.37, and asks to be allowed the sum
of $11,S1S.91, for which there are 1919
vouchers supporting the claim. In the
masters report on the third annual
account It was pointed out that there
was a cash balance of SlS9.27 in fav.
or OF the estate, while as a matter of
fact the estate was indebted to the ad.
ministrator for commissions to the
sum of 81, 4l6.29. The administrators
commissions are named in the fourth
annual account in the sum of s9i6.i0.
In the will of William H. Cornwell.
II Is stated that the Cornwell ranch
should be kept in operation until at
least five years subsequent to his
death, unless, by the unanimous con.
sent of all the heirs, II should be sold
Or otherwise disposed of. As the five
years have not yet elapsed II IL
claimed by Marcalino that the final
accounts of the estate cannot be
closed up at the present time. How
ever, II may be that the unanimous
consent of the heirs Will be secured.
At the request of Marcallino. the ad.
ministrators filed an additional inven-
tory to the original one, which adds
the sum OF SIS 9O5O9 to the estate.
This, Marcallino claims, In his report,
should have been filed with the orig.
inal inventory. An item of $3S50 10 all
the money received by Josephone
Cornwcll from the estate, and which
has been paid back by her. This is
classed under allowances" while IL
should have been advances" for an
allowance would not have been paid
back to the estate, while an advance
Is paid back. II this money given to
Josephine Cornwell hal been an al
lowance, there would have been no
necessity of paying 1t back at this
time.
The administrator had to pay back
s1,0SS.7G, interest charged on SlO,-
900 legacy, by reason of an agreement
with the heirs. In the final accounts
the administrator names the disburse.
ments as Si,40G.96.
A serious question may be raised
with regard to the note of J. S. Wal
ker for $4,000, dated October 20, 1889,
payable to Samuel Par kcr and en-.
dorsed by John +. Bowler, Sam Park.
err and w II. Cornwell. 1t was pay.
able in six months, but has now come
within the statute of limitations. Mr..
Single states, says Marcallino, that
Walker claims that the note has been
paid, and that he (Shingle) can prove
that this is so. II the note was not
paid, Marcallino says that the estate
should have been protected by judy
ment.
Marcallino Is not satisfied in his re.
port on the accounts that the note has
! been paid, and he recommends that
the administrator be held responsible
for the $4,000. Again, the inventory
called for unsecured notes of J. S.
Walker to the amount of s6,975, but
the administrator has only exhibited
notes in the sum OF $6iou.
The accounts were filed In Judge
Lindsay's court at 1880 today.
49,, q. 90. a,sy'-.,si -