The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-06-12

coming By June 30 the mortgage On
the coffee properties would b forei
closed The cablegram then askol
ttWhat have You arranged with re-
gard 20. these payments. Reply inn,
nedintely for information OF share
holders here, Very urgent Demands
immodlafe attention. lIhf1ison, wires
lose no time. Documents are 10. hands
Assessments II begged
In addition to- the ah0va massage 81
the 'committee every slinreholder, ia
Hawaii has received long cifcnlnf
loffor from the management Of the
IaGnalpa one and two and tho Hi1nl.
90 companies begging and imploring
that an assessment Of five dollars per
share be paid at once. This circular
Is accompanied by a notice printed 10
red ink
1URGENT. After reading enclosed
circular, mail your remittance imme-
diatelyeto the Anglo-C California Trust
Company of san Francisco, otherwise ii
may be TOO late. y
The circular letter Of May 20 saying
that $4,000 gold viii save the situa-
tion does not connect up with the ca
$4,000 pesos Mexican and $4,000 gold
must be. supplied before June 90, 1914.
1t has been suggested that some of
the statements made in the circular LETT
ter TO the shareholders might not bear
the light Of that Thorough invest CATION
often made Of concerns using the Unit.
cd States mails, for instance the final
paragraph which reads
fftl Z. - :.
Hidaleo and Zacnalpa No. 2 are taking
mortgages ON the coffee plantations
which fail due June 80, 1914"
Certificate Holders Reply.
The action taken locally was as fol.
lows:
'9To the Certi6eate Holders: The
committee attach hereto the opinion Of
Mr. Henry Holmes, Of Honolulu, at
torney-at- law, as 10 the course which
he deems il advisable should be taken
by the holders of the certificates is
suel to purchasers from the Hidalgo
Plantation & COMMERCIAL Company OF
shares in the several lands held by
that company, in order TO assert and
protecS Whatever r. ghts thay may have.
elm Mr. Holmes opinion the GER,
tifieate holders shonh assign their in
terest in these lands and their rights
against the Hidalgo Plantation & Com
mereial Company or California ami
against the Hidalgp Piantation & Com,
mereial Company Of Mexico 10 one per-
son and instruct him to proceed to
Mexico and take such course in their
interests as he may be advised by an
attorney in Mexico the facts in the
case warrant him in doing.
1.-THE committee after giving the
matter full consideration have deter
mined to follow this advice, and on
the strength of IL wrote their letter
TO you Of the 18th instant This course
the committees are glad to say has the
approval Of many OF the certificate
holders. George Il. Ewart, chairman
Geo. Rodiek, J. Morton Riggs, John
Macaulay, r. @. Stackable, investigat
ing Committee
This does not coincide with the hys
terieal appeals for coin contained in
either the circular letter or the cable.
gram above quoted.
John Maeaulay and r. G. Stackable,
members OF the investigating commit
tee stated yesterday that the situation
is such that the committee does not
care to act without further instrue.
tons from the shareholders They have
therefore called a meeting for next
Monday afternoon at which Il may be
decided what, IL anything, Is 70 be done.
In this connection they say il is well
70 bark back TO Chns. @. lIeiser's re
port aud Recommendations on "the
future Of the Harrison pro. critics"
M Action Must Be Taken
cit is eyideni.n said Heiser in his
report. ttthat sumo action must be
taken Immediately by shareholders %
conserve their equity in the properties
NThe only way that this appear
feasible at the present time is through
tba complete reorganization Of the
three companies into one corporation,
Every possible leak must be eliminat.
ed and the new company operated on
scientific and up TO date business meth
DDS, The evils of the present system
OF duan ownership are too numerous and
the interests too conflicting TO be al
lowed to continue.