The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1913-11-04
COMPROMISE
ON NAGU|RE
LOSSES
Basis Upon Which County of Ha-
waii Secures Refund of Greater
Fcrtion Of Funds Embezzled by
Former Auditor Mcguire -
Everybody Satisfied and Bank
Stands the Loss.


mail Special to The Advertiscr.)
MO octobar Al -,ftcr ,i,h,ti,,
g. -. nt,.n 49, a., -
'o' "''''s' d" '"'''' ""'' '"o supp
visors, at their special meeting held
Inst Thursday, finally agreed on prop
osi,;o, whereby thoy virinollv ogTsed
a.,
III. a.. VI, -, 49,.
-, 49,. =.
cNeep' 'he h'on'y 'oS' :" warrants is
sued by him to I. II. Lalakoa--tne sum
of $45,2S123.
During the day the amount offered
originally by the Bank and the bonds
men was raised from $4,000 straight
TO the amonnt named. The supervisors
were IiinnlIy unanimous m their agree
ment that the sum named was equit
able. Many people consider 1t exceed.
lngly iair, ieeing that the bank has
Suffered quite heavily, and that it
"ould not ,be far 30 mulet 1t any high
en- othcrs feel that the amount was
too low. Among these, II appears, is
Prosecutor iireckons While he de
cllned to give the supervisors any sug'
eestion as to the amount to be named,
he intimated THAT he did not think the
amount named was what he thought it
should be- 10 rs understood that he be-
heved that the county should have ask
ed for the bank to pay full cash set
tiement for the principal of all the Ma
CURE warrants, amounting TO $780,
i23,gO, waving interest in considera
| t!on of the abandonment of fight in
the courts.
The Vacant Chair.
The meeting was attended nv all ,ho
! members of the boord with tbe oycnr.
tion Of Keolobo WIN was tLot mor,,;n,,
taken TO the mil MS he was nnahIn IS
raise the additional sum of sSoon
which he had been reonircJ IN fnrnisb
M bond ON the CHARGES retnrnoJ o,a;ns,
| him by the grand, mry r V P,ttnn
| represented the hank ana r w Sbing,e
| the U. &. Fidelity and Guarantee com.
pany. the Mag,fire hondsmen nrecl,ons
! was present durrn,, ,nr+s of ,ha moo.
ing.
| The first pronosit;on modo y,os oro
coming Jointly from the hank and flo
bond coSlnony in which IL ,y,s nrros .',
to pay $40 080' in fail settlement of oIl
| liability which Tho, h,nE m;gbt bo,., a.,
any countv ,nntters ,,bo,as.or - =;
| settlement of tba lioI,;t;t,, of ,Lo III
men MS far no Maan,frn vo n" o onu nomoI
Breckons odviseJ tbo s,,nr,i; nou,
that tbrv b,d fnu n6,nar t.Ia 81 Sas
a dollar ar for 'a,v ar, So .i'.
decided nnop He ooya 4bon, 49, ,oS
orally. which was lafer ON reJr"on 't 20
writing in a renort w
Breckons added tba+ ~ IooLoJ no &c
n settlement an tba Taiol,an ,Iarr "9
was in siobt ""'' '"''
Clear I,oss for porL
Patton called Tho o,to',t;a 90 A..
supervisors To the fact That tbo homL
had been asked Inv Rrocknns o., ,,o,, e.,
all the warrants issued iIlogoIIy 10 II
by Maquire. onounting to ot7or Sre oon
which warrants il has co.hod ~;no'V H.
regular eourse NJ hns;noss T., hal @
ceiyed no pro6t thereon eroant 90 ia
usual rate of interest Tho navnon+ ~
the bank would therefore be cIooi
loss. and though The institntion eonIi
amply afford to lose the moncy IL did
NOT eniov tho oynar;onoo nj, ~
could not see it's wav yerv cloor IN ra1
the AKA mn don,oSsl s.eul W Ply
ing to compromise in order ~ "iear ~,
matter up. The $40 O00 which Il nf
fered. would he availohIo ;mnoJ;ota
". The conditions would clear tb,
bank from all further l;oh;lit,, I,
cleared it absolutely nm tn dote Sbinoi,
said that the bond .comnanv would l.,
cleared as far as the Mag,rire matte,
was concerned. There were other mot
ters against II snch 90 tho I'll. ',a'a ,,
other bonds, which were NOT copccrno,
in this transaction. II was n Mai,
business proposition. and If II wa,
closed up on the basis suggested. 4
would he n feather in pronL ons, o,,
I3reckons said all the Nancy could Il,
. recovered, continued Shingle. othe
, lawyers were doubtful; still others sal,
'here was nothing to the claim
III answer TO questions it was shown
tnut u was proposed that the 100000
, n 'no" % e ~, .he pank and the bonds
woii " % ~, na 'ne lapi is mentioned a
ron,s ~ .h siialgpt Magnlre war
;ssned ~, Ntoi, vi lhe warrant
and IN tho mo in ~ 10 liinse FL
l KekonIo onI pt. " pePuty Shetl1
hnncb "monntod ~ aho,; ne latte