The Hawaiian gazette., 1915-04-30
(From wednesday's Advertiser)

(From wednesday's Advertiser)
President Charles q. Bartlett of the
Honolulu Brewing and Mailing com.
paiy win neither make legal answer
nor file a demurrer to the complaint
brought against him by the minority
Stockholders. Instead he viii resign
and it is probable that in resigning he
will dispose Of his majority holdings
which in turn Is likely TO bring about
an upset In the present directorate. /
Confirmation Of these known facts
will not be obtainable from the primer,
pals until the compromise agreement
now in the making has been drawn up
and ratified BY both sides, but Tho
Advertiser Il able 70 outline the course
Of coming events with assurance.
The suit in equity Of the minority
stockholders win not be brought to
trial. There win be a compromise, unt
der the terms Of which Bartlett will re;
sign as president and general manager
and will pay back into the treasury Of
the company q portion of the $22 800. &c
which il is alleged he misappropriated
In return, the minority stockholders
win forebear to press their complaint
Rainier Brewery May Control ..a...
g. st. Sayres, manager of the Rainier
bpttling works and resident agent Of
the Rainier brewery of Tacoma, th'
most active competitor of the Homo
lulu brewery, is prominently mentioned
as n candidate to succeed Mr.. Bartlett
but plans for q reorganization have mol
yet gone far enough to make It possible
to say that his appointment is certain
Undoubtedly, though, the Rainier
people have an eye on the main chance
In fact, several tenders of purchase, il
was currently reported yesterday, have
been made for President Bartlett's ma
jority interest. The possibility that
control might pass to the mainland ex
cited more comment than any other
Driven out Of the Northwest by the ad
vance of the prohibition movement, thu
Rainier brewery Is now building a mil
Hon-dollar plant in San Francisco
where il. believes it can count on max
ing its permanent home, Prohibition
was heavily, defeated in the last Cali
fornia election. rs
Quite apart from the charges which
have brought about President Bartlett I
resignation, IL Is general knowledge o.
the y, financial community that thu
state OF affairs obtaining in the man
agement Of the Honolulu brewery wa,
not a wholesome one
New Directorats Likely
Very little disposition exists to de
hate the assertion of the minority tina
the company was one.man affair
that the directors retained Bartlett be
cause, by virtue Of his majority owner
chip, he, kept them in Office, and tina
BARTLETT retained the directors because
they gave him a, free hand.
Fer this reason it, is more than likel,
that when Bartlett disposes Of his con
troll, the new, owners will elect director
in sympathy with their wishes.
For, much the same reason, 1t is En
likely that the deal by which the Homo
luln Sake company was to have &C
ouired the Hilo branch Of the brewery
which does wholesale liquor bushes
on the Big Island, will be pat through
Although the present board has vote
in favor Of the deal it has not bee
closed and ID likely TO remain open. ,Di
rectors a little shaky- in their ehair
would not care TO crowd 5000
sale, the propriety Of which might late
haSeaped in questian.
Hilo Unfolded Information .,,4
kAt.. the. same time il is probable tina
the Hilo branch will be sold sooner 0
later. 1t Is generally understood that it
requirement some FIVE years ago wa
not paying Investment. s@. I...
II was from the Hilo branch that Il
Gooding Field, the expert accountant
who is conducting the minority stocl
holders investigation Of the book
drew much of the information on whic
their complaint was based.
BS that same token, before maxim
M his mind not TO fight, Presiden
bartlett let flyra Parthian shaft whic
hes landed ON the Big Island. c. /
waterman. manager Of the Hilo branei
no longer has his job.
There is every probability, however
that the miaoritE interest TO which h
was so ussfIl will see that he is take
care of when they pass into control.