The Maui news. [volume] (Wailuku, Maui, H.I.) 1900-current, 1920-06-04
H.C.&S.CO.T .TOReSCue
Lights Again Shine
Island Electric In Hands OF Receiver
Pending Foreclosure Suit-Sugar
Company Leases System While
Receivership Lasts.

Company Leases System While
Receivership Lasts.
r. A. Wadsworth received WIRE
less message from the Hawaiian Elec-
trio Co., this morning advising him
that letter was following on the Ma
noa. However, up to press time this
afternoon, the expected letter had not
materialized. The communication un-
doubtedIy has to do with the proposal
Of the Honolulu to enter the local
electric field, and is therefore of gen.
sral interest. The wireless gave no
clue as to the nature of the letter.
The new $50 horsepower diesel
engine and generator, SO long pronnis-
ed for the Island Electric Co., arrived
this morning on the Manoa. With the
company in the hands of receiver,
and foreclosure proceedings under
way it is uncertain what will be done
with the new machine. The matter
will probably be taken up in day or
two by the End circuit court. The
engine is consigned to the Island Elec-
trio Co., but comes with big lot of
charges against it. 1t is possible that
no steps will be taken towthe' >>sirfstall-
ing it until after the company is dis
charged by the court.
Wailuku and Kahului once more
have lights. Moreover they are better
lighted than they have been for years.
The current comes from the Hawai-
ian Commercial G Sugar Co., as was
indicated in last weeks Maui News
would probably be the case during the
existence of the receivership of the
Island Electric Co. This will be for
at least two months and possibly
much longer depending upon how fast
the foreclosure suit instituted on be-
half of the bondholders can be worked
through the courts.
The foreclosure suit was filed with
the clerk of the supreme court Thurs
day of last week by the trustee, Wade
Warren Thayer, and the papers in the
case reached Maui last Saturday
morning. Judge Burr in chambers at
once took the matter up and appoint
ed ]. c. Blair, the manager of the
Island Electric Co., as receiver to
handle the property under the court
fixing his bond at $4,000. The form
alities of the bond were quickly ar
ranged and MI Blair began his duties
as officer of the court
Judge Burr also issued an order un
} der which the receiver was authorized
to purchase electric current from any
available source in order to supply the
customers of the Island Electric Co.
ring the time the companys PLAN
~ incapacitated. and Mr.. Blair al
once opened negotiations to this enc
with the Hawaiian Commercial & Su
gar Co.
! n. c. & s. Co., Leases Wires
The sugar corporation on Tuesday
came back with counter proposition
to lease the distribution part of thu
Island Electric's equipment at
nominal rental of SIS per month, ant
this was agreed to by the court. TIT
result is that the community is TO
the time being customers OF the II.
& s. Co. The rental of SIS per montl
is 6 percent per annum of valuation
Of $4,000.
Current from the new source wa
turned into the lines between AM
3 o'clock Tuesday night, but the sys
tenn apparently was not equal t.
handling a full voltage load and
fuse blew out shortly afterwards. Thi
was located and replaced about l
o'clock and was followed by simila
blowout. But things are workin
smoothly now and consumers are rf
joicing in what is perhaps the bes
service they ever had.
Future In Doubt
While the emergency has been me
as above outlined, it by no mean
solves the difficulties which the con
munity has been up against; for wit
! the discharge of the receiver whe
the foreclosure case ends the Hi
waiian Commercial & Sugar Co.'s Sc
\vices will presumably end. The L
hand Electric management may b
that time have been able to get al
other engine on the ground, but it
doubtful whether or not it can be
much better shape than it is at pre-
ent
Or the foreclosure may result
the ownership of the plant being a