The Hawaiian gazette., 1916-07-18
Dillingham; Donations Large
TtOo More Notable Gifts
Leah; Home Generously Remembered
and Benefdctions Total $I83,5OO

bers and friends for financial existence.
One very generous and progressive
business man several years since ex-
pressed the seeming necessity for men
of means in this community to get to-
gether and make such endowments as
would, IL combined in proper business
form, provide an annual income which
would be sufficient to meet the financial
necessities during adverse conditions as
well as in years Of prosperity. .g,,. 49,
"EWhtieh this country may be enjoy
ing atrths present time unusual pros
perity, IL must be admitted that our
rainy day is sure to return; therefore
1t is sufficiently Impressed on my mind
that IL is now my duty to begin the
necessary preparedness TO which my
business friend above referred to, and
now enclose Certiicate No. 11945 for
2500 shares of fully paid up stock Of
the. Olaa Sugar Company, Ltd, of Ha-
wall, and ask you 70 accept them in the
name of the Young Men s Christian As
sociation Of Honolulu under one condi.
ton THAT you win not sell or offer for
sale any part of this certificate Of stock
within the period Of one year from this
date. rr.t.4
"IR acknowledging the receipt of
the enclosed certificate Of stock, please
acknowledge the acceptance Of the
condition herein named"
Disposition Of This Money
Speaking Of the disposition likely to
be made of the gift to the Young
Men g Christian Association, R. A.
Cooke, treasurer of the association said
last night t
"While, am unable to state definite.
ly I believe that the income from the
stock given to US by Mr.. Dillingham;
will be used for running expenses in
part and 10 part laid aside for the
rainy day, of which he speaks in his
letter conveying the donation.
''There is an Indebtedness of some
thing like $1,000, which the association
is now carrying. We went into debt
for the artesihn well about $4,000 and
the swimming tank cost us a little
more than we expected, and there are
one or two other minor debts to be
paid, but these will be raised else
where, and we shall do our best to
keep the Dillingham; fund intact, as
he evidently wishes us to do.
1.-THE only condition imposed with the
gift was that we shall hold the stock
for at least a year. 1 believe that Mr..
Dillingham; thinks that with fair prices
for sugar the stock will be worth con.
siderably more at that time and that
we shall, should we decide to realize
upon it then, get more than we could
get now. am of the same opinion,
myself, and while ! have not had an
opportunity to speak with all of the
trustees / am confident that the board
will feel the same way about it.
"Just what proportion of the income
will be used and what will be put
aside / am unable to say until the
board has had a chance to discuss this
feature and reach q decision"
Interested in ". W. Work
$ For many years Mr.. Dillingham; and
Mrs. Dillingham; have been Interested
in the work of the Young Women's
Christian Association and the brother
association. These gifts are but the
last of a score of smaller ones given
from time to time in the past without
announcement In addition to money,
both Mr.. and Mrs. Dillingham; have
given Of their time and work to assist
in the advancement of the objects of
the two organizations, Is
The career Of Mr. Dillingham; since
his arrival here as the mate of a sailing
ship has been one of the most spec.
taeular the Islands have ever known.
He has made money In large quantities,
but always he has benefited the public
by his development work. =, He has been
called "the Jim Hin of Hawaii" and
merited the name by the construction
and development Of the Oahu railroad,
called when he first advanced the idea
of its construction "Dillingham Fol
ly." He has opened up the lower side
of this island, developed the Hamakua
coast in the Big Island, and organized
and built up the Hawaiian Dredging
Company, which has handled many Of
the biggest engineering contracts in the
Territory of late years, as well as
score of other projects for the benefit
Of himself, his associates in business
and the people of Hawaii generally.