The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-07-31

4
secured by anothef mortgage on the sa.
loon. This mortgage was not recorded,
as we are told that the note did not
represent any OF the purchase price OF
the saloon, but simply to be held by
Mr.. Bartlett as security in case Of any
slip, and he should not receive his two
thirds of the profits. He then could,
II he so desired, collect on this second
note htEa~s 0
o'The agreement between Mr.. Bart.
' lett as a two-thirds owner and Mr.,
Lynch, owning one-third, was apparent
ly fully understood by both parties, Mr..
Lynch Is affidavit to the contrary not.
withstandiug, as the conditions Of Same
were always adhered TO, to the effect
that o-thirds Of the profits were paid
to Mr.. Bartlett, and in addition thereto
Mr.. Lynch paid q certain amount from
his one.third profit to apply to his in
! debtedness to the brewery. 4
cit might be well to state that all
amounts paid by Mr.. Lynch were by
check payable TO the brewery, Mr.. Bart
lett eashing same and distributing the
money in accordance with the agree
Tent, he RENTING one.half Of his two
. thirds profit to Mr.. Waterman, he being
a one.third owner as per private agree
ment between Mr.. Bartlett and Mr..
Waterman. 4 .. .>.s... p .-.-....[ .
"This arrangement was apparently
satisfactory to all concerned until Mr..
Lynch decided that he wanted to sell
out. 49,. a-.-. - III. e. =.
! "About this time Mr.. Waterman ap'
pearPd on the scene, and meeting Mr.,
Lynch, told him that he, Waterman
owned one.third interest, when
Lynch denied and said that any one
coulI claim that, but IT didn't inter
est him. - 49,
'Mr. Lyneh then CONSUMED an att9r
pey, and was advised that neither Mr.
Bartlett nor Mr. Waterman had any
standing as owners, and that Mr.. Bart
lett could not recover from him IN any
suit at law, E"gt = F.- 49,
THAT he was the sole owner OF TN
license and could do as he pleased VIII
the saloon, and that. Messrs,, bartiet,
and Waterman could pc thrown out o.
court on any claim TO ownership
"This course is apparently wltnli
the law, as Mr.: Lynch acted upon tn'
. advice, sold the saloon Tor $l4,Voo
keening the entire proceeds,
- "Mr. Lynch then, through his attor
, ney, demanded the cancellation OF TN
note and mortgage gwen 70 the Drew
, cry, claiming that he had paid same
he being sole owner of the saloon an'
!, that all moneys paid to the brewer.
were to apply to his Indebtedness.
n Bartlett Paid Balance.
.uNEr Lpar,latt tben realized his pbsi
ton m no s;ISnt Ssrtner and was evidentl,
{, 49, ,,.;,,.ea ftsst ~ had nd legal claim
~ onsal,,,o,, NJ, snsid the halanee due OF
, az ~ I, ~, az The bravery. some
H. ~; fo,,ar S5hn0 and cancelled tn,
nnta and mortoage. Returning same Il
, NJ I'vncb S'f7'IE 'YsS,39
at must be remembered that Mr.
9artlett and Mr.. Waterman had beer
! r"co;vino each one hird of the profit
From ths Pac;6c saloon for four wears
and naturally Mr., Bartlett called upol
Mr., Waterman 10 make good one.bal
of the amount paid the brewery ON &C
count of the note given by Mr.. Lynch
fThis Inability was repudiated b,
Mr.. Waterman thereby placing him il
, the UNIQUE position of receiving hi
; full share of the profits, but standing
. none of the losses. n .....
"Thc above transactions cover tn
| financial dealings of the Pacific Salool
, as near as your committee can ascer
; tain. fss5t ,a}EG.
~" As regards the Fashion Saloon an
us .W - -. H.
Ne arc ane ~ hnu snat ny. \;
tny one iuS M Ga no v%nvt 49, ~ sn'
90 1912 = Z W sn0 noi's' y