The Hawaiian gazette., 1918-01-15
|HAGKFELD And COMPANY
! NOW AMERICAN CONCERN
New Directors Remove ALI Doubt
Of Status IF Historic Corporation

Hamburg, reelected but as first vice
president and manager of the San
Francisco interests Of che corporation,
are thus the only two members Of the
present board who served on the one
voted out at stockhoiders' meeting yes
tefday. The fact that tho American
ism Of these two is unquestioned, hav-
ing been so thoroughly demonstrated
i'm SO practical a way, made their re.
tention essential to the future success
of the firm. At the same time, the
resignation Of such directors as August
Hamburg and P. R. Isenberg can be
taken as no reflection upon their loyal
.ty 70 this country, of which they have
long been citizens. II was with extreme
regret that the services of these two
were dispensed. with, only the extreme
desire Of the !reorganizers to have
Ameiican-borp directors inducing them
to present other names This desire
was Loyalty endorsed by the members
of the old directorate and the motion
which created the new, board and ousted
ann was presented by Mr.. lsenberg
himself. rs 8&1 f3&gG.51 sars
$500, p,.n a. ro,,o,-.;. -
t NJ $500, 800 -
~ H.. aaan.od 80 49,, ~,
snSasstaS no M Hogens a. az one
method to be adopted whereby he could
feel free to withdraw his resignation.
The plan was taken up without alter
alton by Mr.. Hamburg, Immediately
following his arrival here from San
Francisco, and this Is the plan, with
very minor alterations, that has been
put through. The first man approach
ed was Walter Dillingham;, who has
been busy on the reorganization for
several days, ne finally assoeiating with
him the others VINO are now the con-
trolling nve' ~
Ine new Doara mas peen orgamzeo
WIN view 70 me complete ana thor-
ough Amerlc ,ul,ats OF the SorPora'
ZION aha pnuoupteuy mere WIZ De u
large hnmper Oh enmhges IN the person
mel o. the nrm; Inese cannot De nc
eomphsned nhediatey, naturally,
Without u serious osrupuoh OF pusi
ness, put tney VIII pc earned Ihrougn
NJ the earnest opportunity NO per.
son WI, oe Ieealneu IN. 1he employ 81
hackteld q 90. VINO Is not sincerely IN
earnest IN the making OF the corpora
'ion s.raignt hmerloah business
WIN we ,nt WEs Oh Ine on'tea e'a'eS
hrst ~ ~, ~ n ntt'tr J..
Reorganization TO Go Further
This reorganization will be extended
into all the subsidiary business under
Hnekfeld q Co. and many heads will
fgtl. II Thoroughbred by the new d.
fectors that undOubtediy there will be
many hnrdships inflicted upon those
whose only fault 10 that they have not
been fortunate enough to have been
born in the United States, but these
hardships must be inflicted for the
carrying out of the greater objects of
the Reorganization.
While the spokesman for the new d.
rectors, Mr.. Dillingham;, would not give
the names OF any particular ones who
are TO be dropped, explaining that the
directors cannot announce the detailt
of their policy in advance of their first
meeting, a. Is taken for granted that
F.W. Klebahn, B. Won. Damn aud Carl
t Du Roi will be among the first 10 60.
.Entangiing Alliances Avoided
In announcing the reorganization
Yesterday, 1t was pointed out by Messrs.
! Hagens, Hamburg and Dillingham; that
one of the objects Of the reorganizerS
in securing the new directors was to
avoid 'tentanghng alliances'' with the
other big sugar houses. This was es
sential for the general benefit of all