Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-08-30

for the small add,ticral o..,i.y j, ,at
ting No the same gv c47-+,no ne
! deoartmentsl costs OF t1e CIV ana
. county, budoet dav viii los. much 81
1 ;ts +errors az ne,,o4 ~ .5s+rYe-
combinations OF yoiurIrous f,oyres
A sf2,c-.tn. ~.nv?n, -. ,.,',,
and outflow nt ,a,h t.-rr.s. -, -
, Ir...>;ry j. rnuros,snral,y r., ,,-a.,,.
SINCE onIr l., prt.~p7, =, = Ga ST..
mont can a t-ras}-,~ -., or ..r,..,.,f
account of !. tr.,+ >..t. .. ,,a,n
mem. however mast no. ". 6 .,..... -
cd with one Of r, y. ~, AMI ,.>r, :.....
: Each statement h., = ava, -.
non 70 nertor,r ,,.-,,...- - IN i,
{ canning Of the treas 5rsr v:.t.~f fse
! Ia,rcr is IN accounting Of 80 2.djtr-
whose Office is intended 10 l.. a,,H
| should be me central office o. .,n1v
! cial and accounting rontrr, .r.,~ac.r.
all financial TRANSACTIONS 80 the CT,
and county. cash or Otherwise
"HonoIuIu has passed the VILLAGE
staoe NJ deveIoonoent and laroe sums
NJ money have been soert n herman.
ent improvements and beautifytnu the
citv : he 1a1- 1.ogi,ciat.rn .3S Ttzdr
il DOssib)e with the increased taN
rovanno 70 Tho CIV and county to,
rroatnr ,,1nroycmcnt, in w.. war -.
tnro .rro ,rvan+ori,.. ur,..n 3r., ~
nno,lv ts1,on ~ Ian1, nu.:4,,,. ,,.:
''''1;ao,1, a.3 ,.Lt,,,
,,,.''~ ,,...
~, "'.| ,. L.i'
p''' ~ a. '''l'', IVA 49,,
ehl :"'F'o'',!'Il'9 ~
county, 9""".o w. ''''
Cl"utu III D"'"'I' >"
loT dePF"'ld'i"H S'"*"I - "'''
when are very important '''~.
winch are not Coh|IH req N ~" CO.
accounting system, $50" F'o'; E'~ ''
come imperative IN We" "i IT,
sustained TO municipal plants. H.1 49,"
cry, equipment and ether tia asset.
through wear and tear. t\:jnu. lion AZ"
Obsolescencc. These Irrutrt< a.
counts. furthermore if suHlI..:lI ..'c 1 in
2 balance sheet would i've e, !,st 10y r.
mirders that Derm2nrnt erl.ct.lrr~.
huildings e.c.. owned nv tup city aud
, county shonId be making good account
If themselves
81 ina y
oornora+ior ,,1cb for o,,,. ,ur-
noeos NO oh.u call HonoIulu A. CO..
bo,.inr nronortv hoIdincc Of the value
- Ella no0 oou ard olupndinc in the
- ,oors of tic doinr business the
49,, 10 e10 57n-7es "a IN all its cor.
ooro+o octivitioe Snnnose also that
~ comnonv,e accounting methods
fnr tha disbursement Of SO large A
CIV, Lod hoor confined sOIoIv tn a
record ~ cash received and cash paid
ont With M attemrt at any time, to
sho,,, no financial stains of tho con-
Gown. frr+hor that evnenditures 70.
oroaatino q o1o coo o. which had hepn
mode for narmanen+ improvements to
ito miami had NOT been recorded. other
than that entries had been made on
Tho hooks showing that certain sums
of money had been authorized bv it's
hoard of directors To he so spent Let
nc ctiu IMAGINE that the Stockholders
of This cornoration we're not con-
cprned about the hieh cost of run
ming the business. and that the d.
rectors had failed to insist or had
seer tho necessity for the Drpnar3
tion of that most imnortant Of all
financial statements-thp chart from
which all financial courses are laid
the balance sheet. so that they could
weigh the total assets Of the cOrDora-
ton against the total liabilities The
question MIGHT we'll be asked: How
long, in the course of human events,
would the available assets hold out
to keen the concern from bankruptcy
PROCEEDINGS, Substituting the private
CORPORATION of Honolulu & Co for the
public CORPORATION of the CITY and
county of Honolulu, and we have a
very conservative outline of the man.