The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1918-04-19
MONTANA BINGHAM
AFFAIRS REPORTED
Manager BaIIantyne Says Condl
tons Not So Bad As Seemed
Indicated At First

prospects will be rosy. Stockhold
ors here have received, or soon will
receive, printed copies of n statement
which will show why the assessment on
the stock had to be made and for what
the money so raised is to be used,
letter received by d. l.. COnkling from
Mr.. Ballantyne, president and manager
of the Montana. Bingham Consolidated
Mining Company, written under the
date Of April !, contains some inter
esting information. The letter follows;
81 got your letter of the twenty
sixth ult. this morning, with the news
paper clippings enclosed, all Of which
were very interesting in that they give
me some idea at least Of the feeling in
Honolulu in regard to the assessment.
Values Good Opinion
"'Whilc you appear TO think that |
NAV possibly not care anything about
your personal opinion in regard to this
matter, beg to assure you that ] aP
preciate the good opinion not only of
nv friends but also of my enemies if
am so unfortunate as to have any. This
property has immense possibilities
large are they that even we who ar"
IN the ground and have covered al
most every foot Of the property do not
-calizc how great they Ore, but with
III that, copper in the ground is not
worth a button If il cannot be taken
,ut and milled, and to do this, money
required, which can be provided only
" this assessment. Every other means
vas been resorted to without success.
Win Send Statements
- have now in the hands of a print
n statement, which will be sent to
very stakeholder within the course of
, few DAYS, which win fully explain
rot only the status of the property but
the purpose to which the assessment
will be applied, and I hope eevry one
# them will be satisfied with this, as |
rave, think, very fully covered the
whole situation.
IL can realize that the notice of as
easement came somewhat as n surprise,
mt how could it be otherwise as, if !
lad given any advance information 1t
would have favored some while being
IN injustice to others; the only thing
o do, consequently, was to give the
Information in the manner it was given
o that not only the stockholders but
he public generally would be apprised
1t the same time, and thus prevent any
Unloading on the innocents.
Vas Ready to Quit
II can assure YOU my life since |
arrived in this delightful city has been
INVITING but a round Of pleasure. !
bought had gone through some pretty
Ouph experiences in the early days Of
he Rapid Transit, but they were moth
ng compared to what I have gone
through here, and had it not been for
nv feeling of loyalty to the Honolulu
tOckholders ] would have chucked the
OBJ very shortly after | got here. The
tockholders do not realize how much
hev owe to the few Honolulu gentle
men who authorized me to draw on
hem for $25, 900 in order to satisfy our
threatening creditors here, as had that
money not been received at the time II
vas. suits would have been instituted
Concluded from Page ~
judgments recovered and the property
all probability soId under execution
it did not go into the hands of re
eiver. As it il now, everything looks
Osy and | have absolutely no doubt as
O the future outcome. We have not
MY q great but valuable property and
hose who holt their stock, | am salts
Sheh, VIII nave every reason 10 con
ratulate Themselves before the year
3 out
"'NOurs very truly,
&C. c. BALLANTYNE.'
NJ, r.,,. ..,,,..-;,,., ., 20
,;.. fa.,''rL ,,o,.,,ort,
w. ''' ''P' W. ,ftt!a ,n
%: - a., ,,.,,..,,. .h;oh NJ
UP''o aIno -
,rL; ,, :,
IVY =! }I".H h -,
| ,,it '','.,',- ,,'I tL,ro To- ai,.,
'"I '".' o, ~, .hn,,,a
I;.'I ,,', 10 ao,,
AEoe mD,''s ~" .t -. sor
- It,. ,.,. 49,, s.oto
l;,t ,l fo1I,,,r,.
':,,. .tI - t9Eoto z.
u50o IN
ma, ,...
l 1:: oz oOo N
/ L,.
I.. znOn n
| ,. ~ .,,
/ ~ NV ~ ~ -nn n
s"I , ,..,.,i
| o7oo7 n
,P, ,aIl 1oYI7 q
Ds,I. rI.of, ~ OAK a