The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1910-12-17

cash, 1901, 1877 81; capital and surplus,
$500, 279 OF.
BANK OF HONOLULU.
The Bank of Honolulu succeeded the
bank of Claus Spreckels & Company
during the present year. 1t CAPT
talized at 100000, all paid up. The
present officers are: VIM. G. Irwin,
president; E. l. Spalding, vice presi-
dent and manager; George C. Potter,
cashier; Irwin Spalding, assistant
cashier. w. G. Irwin is the sole pro-
prietor of the Bank of Honolulu,
Spreckels & Company began bank
ing business about thirty years ago,
and this bank has always been one OF
the most conservative financial insti-
buttons of the islands Not until the
recent change in it's corporate char
acter did it wage a Strong campaign
for general business; but of late it
has appeared as a most active COM
petitor in the field of local banking.
December 81, 1909, the condition of
the bank of Spreckels & Company was
as follows: Capital and surplus, $780,
72O 20; cash, 1921 400. 80; deposits,
$1,325,1S2 20.
AS above stated the capital has
since been increased to $6OO,0OO
THE BANK OF HAWAII.
The Bank of Hawaii was the out
growth, about twelve years ago, of the
Hawaiian Safe Deposit & Trust Com
pany, its birth being in the premises
now occupied by the Hawaiian Trust
Company, Ltd, Fort street. Shortly
after the bank occupied its permanent
quarters in the Judd building at the
corner of Fort and Merchant streets.
The founder of this bank was the
late Charles M. Cooke, and his son,
Clarence H. Cooke, is now president Of
the institution.
The start of the Bank of Hawaii was
made with capital of 100000, which
has since been increased to $500, 900.
Illustrating the growth of this bank
it may be stated that at the end of its
first quarter-March, 1S9S-its deposit
accounts footed up a total of $780,
900, while on December 81 last the
total was 1921, SAP OF. The loans in
March, 1898, amounted to only $685.
OPS, as against $2,69O,6O3 20. Ca
nit &c
amounted at the end of last period
$1,121 ,572 60, or more than the total
for any other bank in Hawaii at that
time. 1t must be remembered that
these totals will be greatly increased
when the statements for this year are
completed a few weeks hence.
In addition to the regular banking
business in Honolulu, the Bank of
Hawaii maintains a savings institu-
ton, which is generally patronized and
appreciated by laboring classes and
others of small or moderate means.
Besides the main bank and its saw
ing department, also, the Bank of
Hawaii has thriving branches at Hilo,
Hawaii; Waikiki and Lahaina, Maui
and Lihue, Kauai.
The present officers of the Bank of
Hawaii are: c. H. Cooke, president
and manager; E. d. Tenney, first vice :
president; A. Lewis, Jr. second vice !
president; F. B. Damon, cashier; G. G.
Fuller and r. McCorriston, assistant !
cashiers. President Cooke is just now
spending a couple of months on his
ranch on the island of Molokai, and in
his absence Second Vice President A.
Lewis, Jr., is holding down the lid"
in the president'se chair.
THE FIRST NATIONAL.
The youngest banking institution in
his city is the First National Bank
Of Hawaii at Honolulu" which com
menced business October /, 1900 1t
occupies central location at the
corner of Fort and King streets, where
The traffic of the city converges.
1t has paid up capital of 100000
and its forthcoming annual statement
will show a surplus of $15O,0OO, be-
sides a substantial amount of undivid-
ed profits. 1t has paid in dividends
since organization approximately
100000.
During the present year the First
National has acquired a site for .
new bank building at the northeast
corner of Merchant and Bishop streets
where substantial building to face
the proposed new Federal structure
will be erected The bank has been
from its organization a depository for
the funds of the United States gov
ernment and has large and growing