The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-04-23
lFrom Thursday,s Advertiserl

n Sn-Hieg, ~. gDarHotF, pfbSldehp anu
general manager Of the Honolulu Brew.
Ing and Mating company, did not sail
yesterday fOr Australia IN the Niagara
a. he had RiRn1ed. Instead, he accept.
ed service Of q Temporary Injunction
issued by Judge T, 'B. Stuart of the
first eise1it court, restraining him IN,
~ further order from selling, mortgag,
ing az 0thsIwlsA Shypethecating any Of
his property pffspppl or real tstrl7
AT the ssqIif9 thine d suit In equity
wis Hiede aklli u the other officers and
AifeetoFs of ire brewing Company, ask.
ing that the COURT cotnpel them fi)
to open their boolt Is for che inspeetion
of the minority stock holders, (2) dis,
miss Bartlett as president and gen.
eral manager and f3l forck hin 10 re.
fund a. the .stoekholders $40 ,s4p.s9,
anaounting with interest, TO ses ,39a.e
which IT Is alleged that hs has wrong
fully eptHsrted to bis own use from
the fpaIs of theaeompany.. n, .S8t
Minority Interests Sue : F33 T.
The action was brought in the name
Of H. Goodipe Field owner Of one
share, and Frank r. Greenwcll, owner
Of 1850 shares, but though they are
the only two who appear, II is under,
stood that they represent other dissat.
isfed share owners n - F
= In the formal Language Of the com.
plaint, IL is alleged that "the said res.
pendent, @. g, Bartlett, at divers times
hereinafter more particularly set forth,
has, without the consent and or kpowl,
edge of the 6thefyoficefs ana sr stock.
holders Of said brewery, wrongfully
fraudently, wilfplly and unlawfuliy
converted to bis own use and benefit
ccrtAin moneys Of the money and prom
erty Of the said brewery. ''p : ", ~ ~
Suit was not brought, the complaint
continues, until tlIs minority interest
had bseops convinced that any person,
al appeal to the directors and officers
would be futile beeanse the "said c.
@. Baftlett and the said directors own
end control the voting power Of D ma
joTity Of the capital stpcG.b >
Books VIII Be Opened ~ ~ q.
The directors met yesterday after
noon at three O'clock, voted to open the
books to inspection, and to demand 4
full statement from President Bartlett
PeIiding fuller knowledge Of what thf
books may disclose and what President
Bartlett may hays to say for himself,
they reserved action. y. d
In behalf Of Mr., Bartlett, Judge A
3. Humphreys, retained for The defepas
protested that the charges were without
foundation.
~ have had no opportunity be
said. "for the fullest Consultation
with my client, bnt Iiknow enough al
ready to feel confident that these ac
eusations are utterly hassisss, and W.
As told by +. Q. Peters, attorney fol
the minority interest, the anteeedeni
history Of the suit is this; ~.
For nearly q year paet. certain Of thf
stockholders have been dissatisfied with
the manaesment of their affairs. Wher
William M. Graham, expert aeeoiint
ant, handed in his audit of the books
shortly after the first Of the year, This
unrest became acute. The audit show
ed a financial condition described n
alarming. f. T. 'f,1.t :
Directors Take No Action =. . ...
Nevertheless the directors took nj
sction. President Bartlett, the minor
ity interest became convinced had tbs
board Ia his pocket. No protest that
they seenInd abls TO present brought
any results, Their first request foI
action was nostboned because tbs
franchise Of the brewery was up Def
the legislature for renewal. but afte,
q renewal had been granted, they were
put OF on one excuse or apother until
they lost patience. " u
So it was quietly arranged that II
Cooling Field, an expert acsQlptaht
should acquire one share Of stock and
cutter upon an investigation. He set
to work indirectly. AZ the Hilo branch
Office. stM
I Items we're found there" said br