Newspaper Page Text
SEALED TENDERS
SEALED TENDERS will ba receiv
ed up uniil 12 o'clock noon of WED
NESDAY, SEPTEMBER 14, 1921, for
MATERIALS AND WORKMAN
SHIP REQUIRED IN THE RECON
STRUCTION OK A WHARF AT
HANALEI, KAUAI.
The Superintendent of Public
Works reserves the right to reject
any or all tenders.
Plans, specifications and blank
forms of proposal may be obtained at
the office of the Superintendent of
Public Works, Capitol Building,
Honolulu, T. H., upon receipt of a
deposit of $25.00.
(S) LYMAN H. BIGELOW.
Superintendent of Public Works.
Honolulu, T. H.
August 26, 1921.
IN THE CIRCUIT COURT OF THE
FIFTH JUDICIAL CIRCUIT,
TERRITORY OF HAWAII,
AT CHAMBERS
LIBEL FOR DIVORCE
EMILIA DO CARMO AMARA, Li
belant, vs. FRANCISCO MANUEL
AMARA, Libellee.
Notice of Pendency of Libel and of
Hearing
Upon reading and filing the peti
tion cf Emilia do Carnio Amara, llbel
lant herein, and It appearing to the
satisfaction of this court that the
saiu libel has been pending for a
perl-jd of more thart six months; that
tho libellee Is out of the jurisdiction
of this court; and that although due
and diligent, efforts have been made,
that he cannot bo located.
It Is ordered and adjudged that
Bervice of summons In the above en
titled cause be made by publication
in u newspaper published in the
County of Kauai, and proper for the
publication of legal notices.
Ani It is further ordered and ad
judged that the above entitled causo
bo, and the same is set down for
hearing before the Hon. William C.
Achi, Jr., Circuit Judge of the above
entitled court, at his courtroom on
the 31st day of August, 1921, at 9,30
A. M. o'clock of said day, or as soon
thereafter as the same may be heard.
D the Court:
J. C. CULLEN,
S. K KAEO, Clerk.
Attorney for Libel'.ant.
(JuIy2G;Aug.2-9-16-23-30,1921)
ANNUAL MEETING
The annual meeting of the Hui
Kual Aina o Wainiha will be held on
Thursday, the 1st day of Septem
ber, 1D21, at 10 o'clock A, M., at
Wuin!ha, County of Kauai, T. H.
(Sig) W. HYDE RICE,
Vice President, Hui Kual
' Aina o Wainiha.
Aug 9-16-23-30.
ANNUAL MEETING
The annual meeting of the Hui
Kuat Aina o Haina will be held on
Fridaj, the 2nd day ot September,
1921, at 10 o'clock A. M., af Haina,
County of Kauai, T. H.
(Sig.) A. MENEFOGLIO,
Manager, Hui Kaui
Aina o Haina.
Aug. 9-16-23 30.
FOR SALE Ford touring car, $350.
Apply at Garden Island for particu
lars Dr. T. L. Morgan
OSTEOPATHIC PHYSICIAN
Office on Wm. Hyde Rice Promises
Phones: 74-L; 122-L
JEWELERS
Everything in the
Silver and Gold Line,
Rich Cut Glass and
Art Goods
Merchandise of the
Best Quality Only.
H.F.WICHMAN&Co.,Ltd.
Leading Jewelers.
P. O. Box 342 Honolulu
THE ACID TEST
During a campaign preceding the
election of a Missouri Congressman
it was suggebted that, since he pos
ed as a good business man, he might
ho might be willing to tell just what
a good business man is.
"That's easy," ho explained. "A
good business man is one who can
buy coods from a Scotchman and
then sell them to a Jew at a prof
it." Tho Alabama Baptist.
Henry Ford Tells How He
Paid His Way Out
Rejected Wall Street Loan, Used Up
Raw Stuffs, Ousted Men Who
Didn't Produce and
Cut Prices
(By JAMES SWEINHART)
On a late January afternoon last
winter a high powered motor car
rolled up to the door of Henry
Ford's home, in Dearborn, and out
stepped a banker, now connected
with one of the biggest banks on
Broadway.
In answer to his ring the door
swung wide rnd, a moment later,
he was stalking hands with the
motor manufacturer.
This banker, according to Mr.
Ford's associates, was the official
emissary of a group of Wall Street
banking interests, come to offer the
manufacturer a loan.
"But I do not need to borrow mon
monej," Mr. Ford Is" reported to
have told him. "I can finance all my
company's operations myself."
"I think not," the banker confi
dently went on. "We know your
obligations, we know your cash re
serves, and we know you need
money. Now I have written out here
a plan by which we can assist you.
I would like to read It for you."
The manufacturer 13 reported to
have told him his effort would be
a waste of time and breath, but, if
he still wished to read his proposi
tion, he might do so the manu
facturer would do hlm the courtesy
of listening.
The reading went on for several
minutes, then the banker, suddenly
breaking off asked:
"Who's going to be the new treas
urer of your company?" The former
treasurer had recently resigned,
ford and the Banker.
"That makes no difference to you,
does it?" the manufacturer answer
ed. "Oh yes it does,'' the banker came
back. "We'll have to ask some say
as to who the new treasurer shall
be."
That remark closed the interview.
"I handed him his hat," says Mr.
Ford, "showed him where the door
was and told him to take his things
and get out right quick. The next
time I saw Edsel I told him that, in
the future, he was to be treasurer
as well as president of the Ford Mo
tor company."
That meeting was the show down
in a situation, which developing
for months, had been watched with
intense interest by industrial Ameri
ca. During the previous summer
and fall industry generally, fc the
country over, had been gradually
slowing down. In Detroit, plant
after plant had closed down or re-
'duced production to a minimum.
The numbers of the unemployed was
rising steadily. Everywhere there
was talk of a "black winter." Only
at the Ford Motor Co. production
forces and three shifts a day it was
the "wonder-plant" not only of De
troit, but of the whole country. It
engendered a strong feelin'g of con
fidence in the community.
Then, in September, the country
was startled and electrified by an
nouncement of a big cut in the prico
of the Ford car. The company an
ticipation of lowered prices of raw
materials in the future, that for a
time it must manufacture at a loss,
but that, in the hope of hastening
a general return to the basic prices
of peace times, it would take its
loss now and it charged off to loss
$17,000,000. That is, it put a, value
of $88,000,000 on stock, t raw and
manufactured, that had cost it $105,
000,000, and continued full produc
tion on the new basis.
Shutdowns Everywhere.
In the weeks following Ford busi
ness was appreciably stimulated, but
generally speaking, on both the
looal and national basis, the closing
down of industry went steadily on.
Then, suddenly, overnight it seemed,
sprang up a host of rumors that
even the Ford Company was
affected. Vague, intangible reports
spread over the country that, due
to the cut in price and to other
causes, grave financial problems
now confronted the Ford company
and, shortly, it must close down or
go bankrupt or both. Reports
ostensibly emanating in New York,
Chicago and London and about every
place else except the South Sea
islands, and always "on highly
credible authority," had R that
Mr. Ford, his back to the wall, was
making a supreme effort, using ev
ery resource at his command, to
borrow money in every market at
home and abroad but always In
vain; the end was not to be far off.
And when, early in December, came
the official announcement that, on
Dec. 23, the great plant at Highland
Park would close down "two weeks
for inventroy," in the popular mind,
confirmation was given the rumors
and, with a hundred variations thi-re
seemed to be " sufficient of fact
behind them to got them on the
news wires and thus they were cur- j
ried to the ends of the earth. Even
sober, level headed business men
begun to believe that within the
Ford organization something funda
menally was wrong. Two weeks
passed, but no re-opening; and then
announcement that the time ot re
sumption of operations was "Indefi
nite.'' Wall street clamored that
Ford was broke and that if the
plants were opened up again, they
would be in new hands; that "Mr.
Ford was ready' to retire."
Wall Street Learns.
Just at this juncture, according to
Mr. Ford's associates, sifferent New
York banking groups sent repre
sentatives to Detroit offering loans
on different terms. According to
Mr. Ford, only one of these repre
sentatives ever discussed such an
offer. He was the gentleman who
was shown the door. In 20 minutes
Wall street found out definitely
whether Mr. Ford needed funds.
Within ten days after that meeting
postcards went out from the office
calling 10,000 men back to their ma
chines. Within six weeks more the
plant was again in full operation.
Since that time, with production re
cords smashed almost weekly, the
company's increasing sales and pro
duction have become the marvel of
the industrial world. On July 12,
4,461 cars were turned out in a
single day, total production for July
will be close to 109,000 cars and
still Mr. Ford says, production is far
behind orders.
What wrought this change?
The answer is in two words 11
quidatlon and economy.
Ford did to his- business what a
doctor does to a man prostrated by
over-eating and drinking he ad'
ministered a stern regimen of fast
ing and diet. He stopped buying.
Then, by turning all his stock on
hand rough and manufactured, into
cash and eliminating every element
and unit, throughout the whole
vast organization, that did not pro
duce, he forced his industry, for a
time, to live on its own fat. He
met his obligations, not by borrow'
ing money and thus perpetuating
numberless extravagances that had
crept in during the war, but by de
vising new methods of efficiency in
buying, in distribution, in adminis
tration and accounting and by elim
inating waste.
Tell of the Story.
The story of how Henry and Ed
sel Ford, with methods long planned
to meet the coming storm; engineer
ed their industry into a position such
that there - never was a moment
when it was pressed for ready cash
for its needs, and thus,- to the
amazement of Wall street, "turned
the corner," is a kind of business
and industrial epic.
Out of the plant of - the Dearborn
Independent the other day, Mr. Ford
sat, coat off, watching a never-ending
procession, moving along the
roadway just outside, ot mowers,
threshing machines ang wagons,
hauled by tractors, on their way to
and from the harvest fields cf his
estate. The day was hot. He was
reluctant to talk.
"I'm thinking now. of the present
and future," he said. "That financ
ing matter is a thing of the past
let it stay there."
"But," someone suggested, "there
are other plants, big and little,
throughout the country, that today
face the samo problems that you
had; they might benefit by your
experience."
Kis face brightened, then broke
iat ' v. smile, as he rani:
"Now, you've said something. May
be it would be worth while."
F I FT EE N YEARS EXPERI E NC E I N
I;
P. O. Box G
Kekaha
So he sent for a lot ot locords
and data illuminative of what was
done by the company in the ten
months Just passed, and with this
before him, said:
"'If there's anything in nyexpeii
ence during the last year that
will help anybody they can have it
right off. My father used to say to
me: 'Never buy things until you
need them; if you've got anything
lying around that you don't need,
sell it." I used to laugh at him but
now I know he was right. Then,
too, there are ways of meeting fi
nacial obligations other than bor
rowing money. Increasing efficiency
to get decreased manufacturing
costs, and thus turning waste into
dollars that's one of them. As a
general proposition, the time when
you need it is a poor time to bor
row money the man with the
money can demand too high terms."
"Is there any one thing," I asked
Mr. Ford, "to which you can a-
scribe your success in mastering all
yonr problems any basic formula or
principle that I could express in
few words."
The Personal Side of a Trust Company
Tn considering the Trust Company as executor, many persons imagine
Hi nt such relationship precludes the personal touch so likely to be desired
by relatives and other beneficiaries. This is far from true.
Ou assuming the duties of executor, this company at once establishes
the closest possible relationship with those interested through an executive
officer, who makes it his business to acquaint himself as fully as consist
ent with the many and varied details involved.
924 Bethel Street
C. B. HOFGAARD SCO, LTD,
WAIMEA, KAUAI
-DEALERS IN-
General Merchandi
AND
Building Material;
BRANCH STORES
Waimea
Don't miss this!!
DANCE AND CONCERT
Given by HIGH LIFE CLUB
1 WAIMEA HALL, SEPT. 3
ADMISSION 50c
L"nt "'TTi- ..Mr.
Faith, the Solution.
"Oh yes there Is," said the manu
facturer, sitting up in his chair,
very much interested now, and
pointing his finger in emphasis.
"Yes there is you'll find the cen
tral idea of the whole thing Im the
Bible. In Hebrews 11-1 Faith.
'Faith is the substance of 'things
hoped for the evidence of things
not seen.' Faith is the thing that
makes reality of what a man hopes
for. I had faith that the country
and conditions in our industry would
Bishop Trust Co., Ltd.
Tel.
SLVT f LI NG AN D MANAGING ESTATES
.m - ..
Tel. 1 5-W
lse
M
ana
Fine Music
iv.Ttim.'iCTLgr.. rnz--Ti. :.
ii T:qs"'g5r'
right themselves and they are do
ing it every day.''
The manufacturer gazed out of the
window a moment, and then:
"Our difficulties," he went on,
"like those of other great plants,
were a heritage of the war. War is
not only damnable for the Uvea it
costs, but also for its after effects
on society, on civilization. Every
form of human activity is stimulated
artificially.
(Continued next week.)
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