Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-06-24
Clear For Action-..The Carnival oflol7!

TOO soon TO start now on the groundwork
Hardly necessary it is to call attention to this TACT
every Carnival has found its last few
months crowded with detail which might have been
handled better with an earlier start
Begin Dow-sand begin right!
Begin right by getting tic Carnival corporation
town 10 clcan-cut business basis which 70 build
he structure of 1917.
The first two requisites are:
l. Rcorgdhising the finances.
?. 4dsertixng-ia esryr dsuilabtc brunch and by
f,ryy OSdildbie method
And the first thing to 10 unsef 10 is to get down
o brass tacks and bed rock on this troublesome point
81 Carnival stock assessments
The Star-Bulletin believes. and this paper knows
,,at men intimately connected with the Carnival man
Qrment now and prospective, also believe that the
1id-Pacifc Carnival Ltd should call in 100 per cent
assessment the stock issued two and one-hat years
10 one knows what this stock is worth in realization
<o one knows how many of the outstanding accounts
ara rood and how many are bad But there is live
n suspicion that good many assessments will fall
81 the wayside, andno business shotdkeep carrying
..ch mass Of doubtful accounts without finding out
Hilat they mean.
When the stock was first issued many individuals
and firms padup in f,ithey didn't want to be both
cred with contributions in istallments. This consti
.ntts what may be called the first class of Carnival
>,6ckholders
The second class is made up of individuals and firms
Had spread their Carnival stock account over say
.hfee years setting apart each month, for some
1.hcr definite period, to be used in retiring the
|1I amount
The first and second classes are worth 100 cents on
The dollar of stock subscription
But there was third class. Those in this class
s,bscribed for the stock without very much thought
as 10 whether they would have TO pay up it or not
i IS here that the doubtful valucsie Possibly every
bscriber of this class fully intended to pay II called
nh but not being called on, forgot about it, Many
perhaps are not now in the territory many have lost
heir certificates.
ss II should be- the directors should call for 100 per
cent payments under the territorial law providing for
ne advertising of denquents and re-sellng of teiin-
11ent stock.
Until the corporation knows where it stands on
Iock already subscribed it is not in position 10 be-
lin the financing of new Carnival No set of bust
1ess,en would feel justified in undertaking fete call
ne for an expenditure of $4,000 or $4,000 without
Ilancing the books up to date and knowing how the
cdper stands.
And no businessman civic leader would feel JUS
lied in the very large responsibilities of presi-
dent without knowing how far his plans for great
and attractive Carnival could be based upon the sound
'0uhdaton of a solvent treasury.
Il is only justice to the men who must shoulder the
I9I7 Carnival that this matter of stock be put on
BASIS as sound as the rock of Gibraltar.
such call will separate sharply the supporters and
ne ,on-supporers; the people who can be relied on
the future and the people who can't be relied on.
b will also stop the anfairness of asking to dig up
..'h firms and individuals who have paid or are
y to pay their 100 per cent while others who sub
bed have not fulfilled their pledge
Io.2 ddseriisng.
H, lve-wire talk to the Rotary Club recently Ed
Use declared that the first appropriation of the Car
la corporation should be for advertising He sug-
ted the following as illustrative of the many chan
which may be used:
ELECTION of methods-Study of mechanics, cog
zslce of opportunities, tmelness.
Direct advertising Reminders to former visitors
ND ex-residents, invitations to notables.
Stories Magazines periodicals. newspapers.
First aids-Promotion Committee, Chamber OF
on,nerce Board Retail Trades, Fraternal Societies
M A.. Wv CA, AID Club, Rotary Club, Com
raerciaI Club. University Club Polo and Racing Asso-
cation Schools Army people. newspaper correspon-
dents special writer's Tuna Club swimming, rowing
sailing, curing BY climate. travel delights.
Advertisng-and material part of this should be
through the absolutely effective channel of paid pub
City in the advertising columns will make Hawaii
niyas greater and more profitable by far than they
I'VE ever been