The Hawaiian gazette., 1918-03-05
Decision Reached Yesterday On Advice Of
W.T. Frer and Washington Has Been
w So Advised By Cables :~.:>
Same Loyalty Which Induced Attempt To
- Make Firm American Now Induces
-, New Directors To Withdraw q"

"unscrambling" reoganzed ackfed Co. began
yesterday morning when cabegrams Hamburg
San Francisco; Walter F. Frea Oakland A. Palmer
custodian of alien property Washington These cable
announced the decision of the directors bow the
Whss OF the Office of the custodian which that present
be dissolved and the be eestabshcd prewar
order that reorganization perfected along
cd best by Custodian Palmer.
"A While the directors feel confident legality
Reorganization carried through by them and their
motives and their loyalty unquesoned Washington, they
recognize the fact that through the lack
that further demonstration of the
that brought them the they should
desires Of Mr. Palmer and recnd their reorganization plans
him free hand through the reorganization that has
r. WILL SELL STOCK BACK
The purchase J. Hackfed Limited which
with the power attorney period of
held German stockholders gave
beers the directorate control the company Of acked
to be rescnded Hacked will be placed
H. hands of the Trent Trust Company the local depository Of
the alien property custodian
1 It will be impossible completely unscramble reorganza
ton Department heads have been compelled employees
the various that have in the ordinary
tie business and ventures have been carried through
rnehed No attempt win be madeeven if it possble-to
undo Of the things that have been DONE but the
ante will be returned to as far possible.
~ BACK TO OLD STANDING
This will place Hackfeld Co. in the position held in
regard 70 the custodian OF enemy property on the day that war
was declared with all the stock of F. E1ackfed Limited which
oed practically all by J. F. acked in the hands of the
oaan This with other enemy stock will give the custodian
ol OF the with the right to directors
dkshed
e.: ONE REORGANIZATION
An indication of what may be is afforded
the reorganization of F. IIakfeld Limited public
The stock of corporation to
Trent Trust Company voting that stock placed
board Of directors CONTROL consisting Richard
president; Frank c. Anterior, and Richard H. Trent
the three forming the board 1t is certainty that the
custodian will have the 1acked Co.
directorate if not the majority OF the
Announcing the decision of the directors the
quo Walter Dillingham; secretary of the rorganized
directorate and the guiding spirit of the reorganization the
following
r. FREAR ADVISES 1T
I'VE receipt Of advices Governor Frear
the request of H. Hacked Co., Il and particularly the
dectors, Washington explain the Alien
edian the reorganization of Hacield
authorizing Of all Of the alien
full of the company hands
OUT plan and policy the which all corporations
alien controlled be eoganized and that order carry
out that policy the custodian that the sale purchase
of the shares Of stock by the directors from J. F. Iackd
Limited be rescnded order that the might
far possible the situation occupied prior sale
~" has been suggested by Governor Frea that Mr. Hagens
Mr. Hamburg proceed Washington for the comforting
with the Alien Property Custodian recognizing along
Whch he propose and end Mr. Hagens
Ventura
- STOCK OFFERED BACK
TN the meantime the custodian has been advised
his wishes the purchasers of ready