The Maui news. [volume] (Wailuku, Maui, H.I.) 1900-current, 1920-05-14
HAWAIIAN ELECTRIC
WOULD COME TO MAUI
Plan For New Maui Electric Co. Checked By Pro-
pOSal From Honolulu COncern---Matter Up In Air
Hawaiian Electric Representatives Now Here
Stock Subscriptions Amounted To $67,OOO.

and assistant manager, and Harold
W. Marvin, chief engineer.
Folowig the meeting of the citizens
committee called together last week
al which a subcommittee was in.
slructed to canvas for subscriptions
and to take steps for organizing a
new company to be known as the
Maui Electric Co., Ltd, subscription
lists were prepared and a number of
solicitors put on Friday afternoon and
saturday. The smaller committee had
been asked to raise $4,000 with the
understanding that 100000 additional
would be forthcoming from large in
terests. At $50 o'clock Saturday
evening the solicitors reported and it
was found that over $4,000 had been
subscribed.
Subscriptions Come Easy
When the committee reported at the
general meeting held on Tuesday af-
tcrnoon at the Baldwin Bank, Kahului
it was found that this sum had grown
to $67 800, although no effort had
been made to get subscriptions after
Saturday. The amount was subscrb-
ed by 130 residents and represented
1865 shares of $40 par value. The
committee reported that "only the
high spots had been touched" and
that it should be easy to raise a great
deal more if such were desired.
1t was then that the proposition of
the Hawaiian Electric Co., was
brought forward and to most of those
present was entirely new. c. d.
Luikin, who had just returned from
Honolulu, reported having had an in
teryiCW with Richard Cooke president
of the Honolulu company, who had
told him that his concern would be
willing TO enter the local field and to
supply the island with adequate light
and power, either alone or in connec-
ton with Maui people. 1t would
finance the entire enterprise or ii
would be willing to give Maui 40 per
cent of the stock in the company to
be formed together with large share
in the management.
Not Aggressive
Mr. Lufkin stated that he had been
impressed with the idea, however,
@. he Hawaiian Electric officials
were also quite willing to keep their
hands off in case their proposition
should not be agreeable to Maui peo-
pie. He felt that they would not con-
slider being placed in position of COM
pcting with this community for the
Island Electric franchise or for a
foothold on Maui in the elect al
field.
In the discussion which followed,
and which took up all the rest of the
meeting, f. f. Baldwin, II. A. Baldwin,
II. B. Penhollow, II. w. Rice and some
others argued in favor of accepting
the Honolulu company's proposition,
on the assumption that the main
thing desired is a first class service
ct reasonable price and that this
would be the quickest and surest way
of getting it. To properly cover the
field, it was argued, a very large
amount of money will be required, al
amount that might be difficult to rails
locally. The splendid organization
the Honolulu company and its exp
ience would be a big factor in ass
ing satisfaction to Maui consumers
was urged, while its reputation ano
the high character of the men at its
Continued on Page 5, Column A.