The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1916-11-21

II
At another point 10 the griIHhk eross-
exafnination Of Field by Warren, the
auditor emphatically refused to answer
a question % the ground that he had
given his answ'r aud explanations mahy
times already. Field said., E Z
rive are just going around In q circle
in this discussion, going nowhere.
appeal to you Mr.. Chairman that ] have
4 given the answer to that question al
4 ready and to the best of MY ability.
We are accomplishing nothing. The
\ questions you asked Mr.. Mclean early
today 90 to the root Of the matter. y
4 +" want to know IL ! am on trial
here. IL - ~ 8 .-.s. ..ss. ,.l II IL (. Y
/ 81 am being criticized unduly and
subjected TO constant and useless ques-
tionihg. Ihaye made my report. II
stands on q firm basis. will stand
by IL but ifI'm continued In this posi-.
ton of being on trial I'm through.
The Inter Island people should be ex.
amined on these points, yr .-..
Probing or Field eoes On -.
But the cross, exami Of Field
continued and q few minutes later
when he was asked by Warren IL he
had taken a certain list Of assets from
the company 3 books, Field, uncertain
for. the moment, replied, 81 believe
sou = >'p. ~ ~ s$44Es a
"Do you know u, asked Warren.
U'I presume / did, - answered Field.
A Forbes repeated his questions, Field
answered the same and the two went
at IL hot and heavy for d few minutes,
drawing closer and glaring Mt each
other as they bit. out the alternate
question and reply. Forbes stepped
between them and said Don't lose
jIyour heads, gentlemen, and peace
was restored. -.>"A g.. '.:'.' 5,.....
Such tactics marked the discussion
throughout. After Field had absolute.
Il ly retraeted his statement that the
Il $432, 020.70 had been thrown into sur.
plus, Warren went through his report
making Field admit he was in error in
each place he had 30 stated. Field
each time had to repeat his lengthy
IA explanation Of s-yession of the;trans.
action. Inieach case the statement was
stricken from the report.
THAT Old s4s2, o2o.7o 49,. ,,
VI "Do you mean to say that there Is
II any mystery about this $432, 02O.70S
il Do you mean to intimate that this
amount has .disappearedf'' Warren
asked Field in his attempts to nail
Field to q definite statement on the
n entry, Field replied in the negative
TO each question and the discussion
u again, launched out on whether or not
this S432,020.70 was represented by
h actual cash. Field at this point read
h from an accounting text book, to main.
u tain his contention that the $432,020. 20
should have been set aside and Gear
marked as reserve. 4
II 1.-THE depreciation fund must be a
4 real thing, unless indeed the books
n ie,'' quoted Field from the book.
Il Taking up the $750,000 stock issue
the eompany's yoluminOus ledger and
4 journal were hauled into court and
placed on the table. Throughout War.
rem nailed Field to the point of whethY
er.or not be had found each statement
and figure inE his report " in the books
Of the company" Field admitted
that In some cases he had drawn his
|, own conclusions but that the conclu
I sions were based on the figures in the
u books. re ,.
!, Warren Rains Questions
II Warren pointed out for the company
( that for the $750,0O0 of stock issued
!; in 1905 on account Of the purchase Of
{ the Wilder Steamship Company, the
InterrIsland had received assets valued
at $685., 887.92. He called upon Field
TO 'texplaiR the ,ineonsistency of any
of the $750j0OO being a stock dividend
when the assets received, in exchange
twere more than Gthe amount of the
d stock issue. "|ttsE = w.
NJ Here the shecklipg questions fired al
Field called from Commissiouer Garden
an Interruption that the attorney was
u arguing with the, witness aud Field
was spared further from the grilling,
II Field finally admitted that til,
!; books didn Y show 2 THAT $3.50 900 'oi
the $780, 900 was stock dividend but III
maintained nevertheless that Il wal
7 such q dividend. Warren started, Il
begin the questioning all over agar
but Commissioners Garden interposed
when Field appealed for relief, tia,
the witness had answered the question
Let Inter:Island Reply
Il Yes said Chairman Forbes, "let
the Inter. Island supply any further
apswers that are needed"
n Chairman Forbes then began direct
examination Of Field on the other two
alleged stock dividends listed in tn,
auditors Feport--both for $3.50, 000--oi
\ which the report shows, $l25,00O wal
/ taken from the repairs fund and $476,
1891 'front.' the Insurance fund for on.
and 77,07S.7i was taken from the in
suranee fund aud $42,941,47. takei
from the construction and repairs FUND
for the other The questioning brought
that; II Z ~
j These stock dividends were not
paid out Of the earnings Of the non,util
ity parts of The company business
but from the utility side OF the bust
ness insofar as they were taken from
the repairs, the construction and 70
pairs and Insurance fund. ~.
The hearing adjourned at this point
} until half'past one o clock this after
nOou.