The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1912-02-21
TESTIMONY Of
R. P. RITHET
Continued from page niue.)

] IhlOdJ competition
Mr.. Rithet | think it was as near
as you could get to it,
The Chairman. And that is what
/ induced you to make this agreement
with the Western?
Mr.. Rithet. We had been i'm beets.
too, and had lost money on beets. ana
while we never lost very much on the
refining, we did lose money on the
beets.
The Chairman. And the competi-
ton had kept you from making profit.
/ able returns?
Mr.. Rithet. Yes and it was getting
more difficult all the time. and we
thought we might play a little bit Of
the game, too
The Chairman. $50 you leased out
to your competitor?
Mr.. Rithet. Yes; We had contracts
with our own people for the raw sugar
and We compelled them to take those
contracts.
/ The Chairman. In other words. YOU
said: Now take over our contracts
and pay us 100000 a year and we
will not refine any sugar."
Mr.. Rithet Yes; and they had to
/ purchase their raw sugar from those
who were associated with me in the
refining, which was an important mat
ter to us, because it shut out the 9th
ers little, and then they were easier
subjects to work on when we wanted
to reconstruct again; and we did re.
construct and we got through all right.
The Chairman. Have you a copy Of
that contract?
Mr.. Rithet. Yes, sir
The Chairman. Where is it ?
Mr. Rithet. l do not know.
The Chairman Did you not keep
a copy for your company?
Mr. Rithet | do not know. will
have to refer to our lawyer. He got
all that.
The Chairman. Do you know the
facts about what has become of that
contract?
Mr. Rithet. l do not
The Chairman Did you sign the
contract?
Mr. Rithet. / think ! did.
The Chairman. Did you not retain
a copy of so important document?
Mr. Rithet. do not know. My
copy probably was destroyed in the
fire.
The Chairman. YoSremember sign
ing the contract?
Mr.. Rithet That is my belief; yes
sir
The Chairman Now, do you have
, any recollection at all as to whether
you retained a copy of it or not? Was
not the contract executed in dupli
cate?
Mr.. Rithet think if the copy wa.
retained, it was probably retained by
Mr.. Campbell
The Chairman. Was Mr. Campbell
present at the negotiations?
MI, INltueJ. wen, no.
The Chairman Was he presen
when the contract was signed?
Mr.. Rithet No; if a contract wa
made it was drawn by him and it wa
signed at his request, but we ar
quite al sea as to whether it was sign
, ed or not believe it was.
The Chairman. But it you kept
copy of it. you say it went to you
. lawyer with your other papers?
5 Mr.. Rithet. Or else it was in on
: safe.
Z The Chairman. And in either even
: you think it was destroyed by tn
\ fire?
Mr. Rithet. know it must hay
been destroyed
The Chairman. Have you ever mad
any search for it?
Mr.. Rithet. Yes, sir.
The Chairman. And you can nc
find it?
) Mr.. Rithet ! can not find any sig
of it at all
The Chairman. / have stated sui
stantially what its contents We're?
Mr.. Rithet Yes, sir
Mr. Malby. How many shares
stock are there in your company?
Mr.. Rithet. Fifty thousand,
4 MI Malby. And Col. Spaldng owl
$500?
Mr.. Rithet Yes, sir,
Mr. Malby And the par value
the shares is 500 a share?
. Mr.. Rithet. Yes, sir
Mr.. Kinds. How did you happen
go back into business after you on
made this contract?
Mr.. Rithet. That was part OF Il
play told you about. We were ia
IT ing a rest for three years to get
- shape to get back in again and Tight
Mr.. Kinds And you raised t
. money?
M .Ditbat Vas. Wa GOT new StO(