The Hawaiian gazette., 1918-01-15
Rodiek Is 0usted and Hackfeld
Automatically Retired Under
Trading With Enemy Law;
hagens New Head
UNDoUBTED AMERICANS
ARE IN FULL CONTROL
Clear Majority Of Stock During
Period Of War AT Least Is With
Citizens Of the United States
Known To Be True I

Known 10 Be True
Hackfeld & Co, founded by
Germans and owned largely until
the last few hours by subjects Of
the Kaiser, became yesterday an
American firm III fact as we'll as
through its articles Of incorpora-
ton. The control Of the firm and
its widespread interests, for the
duration OF the war at least. is
held firmly in the hands Of FIVE
new directors, each OF unip1peach
able Americanism, while every
one of,the old directors with two
exceptions has been dropped or
has resigned. ~ /. '1.., -. 4. TT
Those who will Control Hack
field & Co. for the future and unit
the end Of the war brings contro'
Of alien enemy stock out OF the
hands OF the custodian Of enemy.
property are Waiter F. DiIling-
ham, +. J. Lowrey, "A. J. Camp
bell, A. w. r. Botton1ley and
Gaylord P. Wilcox, the latter rep
'fesenting on the board his incles,
George and Albert Wilcox. Each
of these Ave American directors
9wns outright more stock than
my other citizen stakeholder and
al the stock they have acquired
has Been purchased from alien
holders. 4 > !
In addition TO these FIVE other
new American directors elected
Ire Walter F! Ffear, former Gov
ernot Of Hawaii, and H +. Scott
Of New York, who has been rep
resenting Hackfelds in the East
for a number of years. !"
RoDIEK oUSTED
Georg Rodiek. former vice
president and manager has been
iropped completely. He is no
!onger an employee Of the firm.
J. F. Hackfeld, former president
IF the firm, whose stock is in the
hands of the custodian of alien
enemy property, is no longer
president nor a factor in the firm
or the duration of the war. I'm
Ter the Trading with the Enemy
Law J. F. Hackfeld and J.. C,
tsenberg automatically ceased to
be members Of the directorate and
officers Of the company. Messrs
F. w. Kiebahn and H. Schultze
resigned on account of their Ger
man citizenship and to facilitate
the Americanization of the firm
Paul R. Isenberg and August
Humbutg, although American
'itizens, of long standing, volun-
arily, retired in the interests oil
he reorganization, August Hum
burg, however, continues as man,
! yer of the merchandise depart
nent,, as heretofore.
rransfers Bona Tide
Phe transfer of one-third of the CAPT
! al stock of the corporation into the
hands. Of the five controlling directors
,as been bona fide, withut any strings
md without the new directors being
lnder financial obligation to Haekfeld
Co.. The sales were clean cut, with,
tut any tinge of double dealing, while
rrevocable proxies for sufficient more
took to, give control are held by
dessrs. Dillingham;, Campbell, Lowrey
sbttomley and Wilcox. Between what
hey have purchased outright at q fail
market valuation of the stock; and
that they control by proxy, these five
i 'ote q total of 20,577 shares aud in
/ edition there are in the hands of an
,meriean citizen guardian for minor
\merieans, 3,2s2 shares, constituting
$3.50 shares out of an issue of 10000
/ hares of the company. OF theSe 40,
90 shares 5000 are preferred, with the
ame voting rights as the common
'ock, share for share.
low Board Strong J.
The new directorate and the officers
I'D me!rnhers they disPlaee arei 3. ,
| r. New g.
y, @. Hagens .........,.......P Pres
y, Hamburg ......,...........V Vice
\, j. Campbell .................V Vice
II r Il Sat- Ui.a