The Hawaiian gazette., 1915-09-24

of the Consolidated Amusement Com;
pany, of which he is the auditor, and
with his attorney r. w. Breekons.n a
? Last night the officers Of the company
were still engaged in checking mp ac
counts Of which the trusted eThploye
had almost sole charge, following which
the following lad interim statement
was given out .aE-; ~ ~ ~ h
''Serious irregularities have been dis.
covered in our books indicating, a short
age Of approximately $2B,500. II. E..
"The accounts of only two clients are
involved, one nonresident and the
other the estate of George Galbraith,
deceased. ~. ~
Company Bears, Loss Ts.5.
Neither, of these clients win lose
one cent, nor will any other client of
the Hawaiian Trust Company, but the
h entire loss, whatever it is viii be borne
by. the trust company. The evidence
points to the guilt of only one man, who
together with all the other employees of
the company is under bond. We have
hitherto RETAINED from making any
statement in order to give the man full
opportunity to present an explanation
and to clear himself, and we are not
yet ready to make a full statement.
1--WE wish to take this opportunity
to thank The Advertiser for its fairness
in refraining from giving publicity ia
the charges against the man in question
until an opportunity has been afforded
him to explain. -,
Hawaiian Trust Co, Ltd,s
a. K. GAIT, Managersi
Garnishment proceedings against pro
perty owned by Mr.. Abrams and his
wife were filed September 10 in the cir
cult court, though evidently much care
was taken to keep the proceeding
from public notice. - g.
Intended Touring Continent II n.
Mr.. Abrams went to the mainland
about a month ago with his wife and
Clarence W. MacfarlRne, taking an au
tOmObile with the announced intention
of motoring across the continent. HI
had expected to be away several months
and before starting the cross-eountry
iaunt was one Of small party visiting
the exposition. O.. .Ef
George h. Carter, member of tn,
board of directors of the Hawaiian
Trust Company, who is departing TO
day for a nine months stay at Boston
Massae husetts, made the following
statement yesterday: MI
"The shortages were discovered il
the course of the company regula
quarterly investigation into its bond
and similar affairs. II was the frs
time the books of the Galbraith estat
and one other account have been inves
tigated in the absence of the secretary
who with only one other man has ha
the handling Of these particular mat
tiers.
Was Notified immediately
"The shortages were found to eN
tend back a considerable period. Their
could be only one of two persons RET
ponsible: Mr.. Abrams or his substitute
The directors decided he should be NJ
tilted at once, and action was taken az
cordingly. He replied by cable, sayin
he would return Immediately and 81
plain.
1.-THE Hawaiian Trust Company wi
make good every dollar to its patrons
no one who has entrusted the tifni wit
dollar will lose any part of it, fC
the company has a reserve fund {
500 200 upon which il may draw.
"The entire matter will be fairi..
carefully, Numerically investigated.
Personally" Mr.. Carter added, -
have always stood for the strict 81
fOrcement Of the law, realizing that
business as in every other line Of q
deavOr one must live up TO the Il
rules. Dishonesty When found must
punished, for the example it sets If 4,
no C'ho" reason. s.. IL
was Oldest Employe
.V HFtWA eannot do business within
trusting someone. Our service ni,istj