Newspaper Page Text
HONOLULU, II. T., WEDNKSIMY. .IAN. IS, t902.
The Brown Directorate
Home Medical Batteries
TAN KID GLOVES, $1.00
Full line of hIch
In Lcscuro nnil Antoinette, four but
Ion, guaranteed gcnulno Krench kid
Somo trimmed with heavy blade
stitching nnd somo with self colored
stitching reduced to $1 per pair.
Snmo gloea with clasps soil for
BLACK OR WHITE,
Two clasp glovcB In black or white.
"The Jlascol" dressed kid,
$1.50 per pair
REMNANT SALE POPULAR
The bolldny accumulation of remnants fiom the different departments
which were placed on snlo nru moving rapid I) Yet there nrc many line
Inducements ttlll on the tablu
THE GOODS OFFERED
are nil standard materials not an accumulation of ears, but of the last few
weeks, and It will bo to jour Interest to make somo purchases. They consist
of beautiful shirtwaist materials, holoku materials, lawns linens, dress
goods, laces, cmbrohlcrlcH flannels woolen goods and others at a greatly
l educed price
Sachs' Dry Goods Co., Ltd,
Theo. H. Davies & Co., Ltd.
SOLE AGENTS for
Alsen Portland Cement
Roche Harbor Lime : :
Dick's Balata Belting :
GRAND REMOVAL SALE
For one week only commencing Sat
urday, November 16, our entire stock
will be offered at reduced prices on
account of removing to Robinson Blk.,
Hotel street, on Saturday, November
23. Give us a call and convince your
self of our low prices.
14 Hotel Street, nenr Nuunnu.
General Merchandise. Dry Goods, Groceries
Japanese Provisions, etc
MAGOON BLOCK, MEROIIANT hTREET.
IP . O- Box 886 ZMZain. 2lfl
10 HOLIDAY 8TOCK OF TOYS.
Many new Stayles Table Covers, Embroidered both of Grass Linen and
Embroidered Piano Covers, Silk Handkerchiefs, Etc.
Heavy Pongee Silk and White Silks, Victoria Lawn, India Lawn and
Laces of all kinds. New stock of Swiss Embroideries.
DRY GOODS OF EVERY DESCRIPTION.
P O Box !.
THE OLDEST CHi. v.SE FIRM IN HONOLULU.
D.alara la Flo Silks soft Grin Lla.ol Chln.it tag Jipaont Good! of All Klof l.
tt-ii Nuiunii ttrMt
The Bulletin, 75cts. per month
White undressed Musketeer Import
ed kid gloves, 20 button, regular prlto
12.50 On nteount of overstock wo
rcduco them to
$1.50 per pair
SILK WALKING GLOVES, 75c
I'ti re silk walking gloves, with large
buttons, well made, fingers double tip
ped, guarantee ticket with cadi pair
DRIVING GLOVES, $1.50
Itnd or tan elrtvlnir gloves, cnblc
sewn, with gussets, two clasps,
Col, George V. Macfarlane, repre
senting the Interest of the Anglo Cali
fornia Hank of San Krnnclsco, sus
tained a signal defeat at the annual
meeting of tbo rirst National Hank of
Hawaii yesterday afternoon Con
trary to one express purpose of his
crrnnd from San Pranclseo on this oc
casion, the old board of directors were
elected and President Cecil Drown
thereby ictalned In ofllco for the en
suing yeai proWdlng the election be
not upset by lawsuit.
"Tho proceedings throughout were
titgb-hamlcd nnd Illegal ' said Col
Mnefarlane to a IJullctln reporter dl
lectly after the meeting "and re
course must he bad to the courts of
Uvv to set them aside
I'ollowlng arc the names of tho re
elected directors August Dreler, I. I..
McCandless, O J. Waller. .Mark P
Uoblnson nnd Cecil Hrown I
Dy tbo following anal) sis of the vote
the nature of Cut Macfarlane's dis
comfiture Is Illustrated
Shares represented ... . 5009
Shares otcd for old board 20t,S
Shares ruled out for Illegality 22W
Shares not represented b) proxies 107
Shares nilcd nut for disagreement
Of trustees 500
Shares present but not voting .".J
How Macfarlane Lost
President Drown ruled the 2292 votgj
Illegal because they consisted of prox
ies not slumped according to Pulled
State-s statutes Col Mnefarlane pro
tested, while Judge lliimpbres, who
was present ns u shareholder, obsciv
id. "That's good law '
The disallowed uOO votes belonged
to the estate of the late lames Camp
bell of which the trustees nrc the foi
mci Mrs Campbell (now Mrs Sam.
Parker), Cecil Drown nnd Joseph O.
Carter. Col .Macfarlane pi lor to tho
meeting served on Messrs Hiuwn and
Carter a letter from Mrs Parker slgued
by her trusteeship nnmc of record
"Abigail Campbell" Instructing them
to otc tho trust shares onl for an
adjournment of not less than thirty
dn)s so that she might he In Honolulu
at tho time of the meeting .Mr. Car
ter wanted to vote according to thlJ
older but Mi Diown refused assent
nnd as president ruled the stock out
on tho ground already stated.
Kvcn If the 500 shares had been vot
ed by Mr Carter It would not have de
feated tho Drown ticket. The gnmo
was lost by Macfarlane slmpl) through
his fnlluro to hae his proxies techni
cal!) In shape Whether his otes worn
wrongfully excluded the courts may
Col. Macfarlane Protests.
Col Macfarlane at tho close of tuo
meeting filed tho following protest
"I wish to enter my protest against
the legality of each and every step of
the proceedings of this meeting, which
I claim nro arbitrary. Illegal and unau
thorized by law. The conduct of ths
chairman is nn attempt to prevent cer
tain stockholders abroad, whom I iep
resent, from having any representa
tion nt this annual meeting and to do
prico them of their rights. I give no
tice now that this meeting will be de
clared Illegal as soon as 1 can take tho
neccssarj steps to do so."
Report of President.
As part of the regular business
President Drown presented the follow
ing leport for last jear.
To tho Stockholders of the First Na
tional Dank of Huwail.at Honolulu.
Oentlemen I'nder the provisions of
the National Dunking Act. nil National
Hanks must hold their annual meet
ings In January of each jcar on the
da specified In the articles of associa
tion and almost ever) national bank
In Its aiticles of association has fixed
W mm x VHHI
KlHif S;hi .'rJMB
&. irmmiM . ftHa
' . 1ET mil
SIR HENRY IRVING'S LATEST PICTURE.
Sir Helll) Iiviii, is nml i'iu with such success em Ins pieseut Vineiic in
diauutle tour that he pHiml-i tu num. eiver iu.Uu uet easuii with two
oil.lii.il ill untie tie phi)h iiddul to his lepertur).
WIN OUT AT
National Bank Meeting
upon the second Tuesday of January
as that da), and hence our meeting.
Although this Institution has been
doing business for but fifteen months,
this will bo our second meeting, th
Ilrst covering the period from Octobei,
1900. to January 1st. 1901. and tbo
present from Jnnunr) 1st, 1901, to Ue
cember 31st 1901
Sinn, n.ir l.ii meMlne ihe Hoard n!
Directors concluded to change the place 'I"1"- ""In;"' of the Institution but I
of business of the Institution, the old ft ZStiVXZ nly
quarters bceomlnci too small and mtHitlim nnd efforts to Hint end nnd
cramped by reason of Increasing busl wlmtever salary lias Tiecti paid me has
ness nnd the need of moro help an I 1 n rnltbrull) earne d nnd that In
made arrangements fo'r the present looking out for the lntetcstR of tho
nuarteis with the Melnt)re Uullillnit '"ink nnd seeking Tor business has
Co.. I.fd for a term of ten years at a h,iv" nml '" ,h-' in n"'1 for lch
,..,1, ,,,,! , .-nn mnnth I "" tn0M "' m l,m' Is she lit B fBCt
)ca I) rental of $,00 a month. w ,,,,,,, , ,u 'Ullott) ,() t'h(M(, Rtock.
The Ilrst American Sivlngs and ,,,,u,rH ,, .,,,,, , ,, T(.rrtt)ry
Trust Compnn) of Hawaii. Limited. Und It Is submitted Hint what has
has Its place of business on Kort street been done and the woik ns carried on
In a part of the premises leased to us, shows conclusive 1) thai It has been
thus leeluclng our rent b) $100 a suceessrull) cnnleil through, nnd con
mouth , siderlng the- circumstances and drnvv-
The removal from the oh. to the nc t "..SSoV ulWilSSfi
quarters have entailed an expense of ,,,, ,)f (nn ntnrtC(, tho mltrcM
over $..000 for fixtures, elr , actually iias 1)(C n mm kulilc The parent In
neeeled. anil we have toda) the finest Istltutlon bail not nor has this one any
banking olllces In the Terrilnr) Ttit mi Tii lllllfH fur obtaining exchange- wo
fixtures will be carried nn the books ,iv have to depend upon the courtesy of
an asset and be grn.lualty written off lother banking Institutions nnd person
The business since the hsl meeting of ' "' ,f V . "' "'" n'"1 fr diioiitly
s.oekho.der, has great.) Increased n, VZlZZA
we feel perfectl) justified from that against the Intciest or the Terrltoiy,
fact In making the move we have done nh it leduees our eeiln e lie illation
and In making the expenditures uiummI I This bank succeeded to the eomnier
b) such removal, and also feel sure. ''al business id The Ilrst merlenii
that the future business of the lnxti- il'ank or Hawaii I.linlieil em Oitid)er,
tutlon will Justify this action. !",.,1!"") 1!!'!"RI"P, "'rwa"' 'J '"'"'a'
The- cross uroflls for the. v.-nr bnw "" ,,u' 'rp'llt "f ' ",IU n",, Un Ar"
. J!!!f , ' ,""nt from The Plrst National Dank
been $7fi,991.3fi, nnd the expenses $j; , $.: mimi'i I'or the qiinit.-r ending
999.31 loss of currency per Klu eh December 31st. 1900, I no net piufltsi
Janeiro, $S02, premium wiltteu oil weie nt the rate of fi I per cent pel
United States bonds $291152, leaving annum, but, ns n mailer of fait, had
a net prollt for tbo year's business en H not been foi the bc-nv) expenses
JI7.2SI.5J, out or which bus been paid ,ln connection with the organization
a dividend or 5 per cent per annum. Jul the National Dank, In tho way or!
paid semiannual!) The sum of $20 'new stationer) stamps on the new is
UOO has been cnrrled to surplus ut-suc if stuck, ctr, the piollts would
count, and the balance or $22SI 51 tuibave shown lit the- rale or about S pel i
Pioflt ami Loss account Mr. W Client pel annum net I'or the six
Cooper, the cashier, has prepareel a months ending June 3. IVni, the nut1
balance sheet, copies or which an to pioflts of this bank show at the- late I
be distributed nmongst )ou id 9 5 pel cent per annum, for the
luc Judges of election lor tills meet-
Ing. who nre to superintend the elec
tion of directors nre Messrs II 1'
Lewis, Krank Hustacc and Ilurr) Ai-
The present board of directors con
sists of Messrs M P Uoblnson I-,.
J. Wnller, I. I. McCnndless August
Dreler nnd Cecil Drown, who are all
eligible for ic election and nsk for a
re election nt )our hands In this eon
nectlon the writer deems It proper
and ne cessary In his own behalf to
mako a statement pb to what weie
and may be nre now the intentions or
tho correspondents of this bank In Kan
Krnnclsco In relation to tho office of
president. Their Intention accidental
ly became known to the present Incum
bent, nnd bad It not been that n mis
take was made by them as to the dato
ot the annual meeting, In nil proba
bility this Intention would have been
carried through, and thnt without a
majority or tho stockholders being
awnrc or cognizant cr what was In
tended The following Is what was
Intended ns learnt from outsiders I.
e., not the correspondents It wns tho
Intention to name n board of direct
ors, leaving the present Ini iimbent
out The president of the bank must
bu n ellieetor nnd Is ele-cted to that undivided pioflts or Jl US.
position by the directors the stock- Our United cnte s 2 per cent bonds
. . . . .. .'utiiai.tiiuii.i tl. .I.i. .tin ...!.
Homers electing the cure dors and
this action was Intended to be taken
without any renson or notification be
lug given or complaint made of neg
lect or duty unn attention lei business
or unfitness from nny cnuse and It U
submitted thnt the move was Intended
to bo made nnd undertaken without
consultation with the stoc Icholdcrt
(some or them residing abroad know
Inc nothing of the move nnd when
fludlnir renuillntlnt: it) and entirely
I unknown to stockholders resident
I lie-re. with sav the exee-minn of on
or two nnd one or thoie being nn ns-
plrnut foi the presldcnc) And It U
submitted that this program was In
tended to be carried out without tak
ing Into consideration tbo best Inter
ests of the bank nnd Its stockholders
The present incumbent has been In
formed Hint the reason for the dissat
isfaction of the correspondents was
that all of his time wns not given to
the institution be that ns It may It Is
tun that I have not given the whole)
f niv time to the minor eletnlls of the)
six months ending December 31st
I'mii the' net pioflts show a little over
lu pel cent pel annum
During the exist
cine of the Xu
thin.il Hank tho
have' been . J'JIMjO 1,3
The operating ex
pelises won j ... 113,1:7 S3
Loss written off
ped on the Itlu
de .Innedio ... . SO" 00
off U S bonds 1.911 52
Dividends paid... 31,2311 W
Leaving n net bal
nnce cnrrled to
profit and Inst
of . ... iH.Do'J S3
This added to Un
balance In ought
the I'lrst Amei
lean Il.iulv of .. 22,810 n9
f '.Ives a total or $in,M! !)S
Of wlilc li Jf. noil bus ueen filac ed to
leserve nieount. leaving a balance In
"""" "" "" "" " '" ""
, rlntlp.il . . . J32il.ui
Premium . .... 1L' Dim
and during the past )ear, as abuva
stated, we have wiltten off about J30D0
of the amount of premium, notwith
standing the fact that the present mar
ket value of these bonds Is lo'i in New
York leaving a surplus at the pieseut
time In this .mount or over $10,000
Our profits for the last period, had it
not been ror the extrnonliunr) expen
ses in e munition with moving Into
mil piCM'iit quarters, would have
shown full) 11 per cent per annum
net anil we think that the stockhold
ers have ever) cause lor congratulation
at the stead) Impinvemi uts In the net
earnings or the bank us above shown
from period to period,
Ihe I'll st Amerliau Savings and
Trust Compnn) of Iluwnll, Ltd, which
Is op'iatcd under the Tillltorlnl laws
and does nlto'a lemiiueratlvn business
and has paid the same dividend, tho
sei vices iindered weie evidently not
taken Into consideration b) them tho
writei being lis president, also, and
mtv Ing ns suih without i enumeration
If the majoilt) or the stockholder
or the correspondents were dissatisfied,
It Is submitted that In all fall ness somo
notlfliatlou of dlspleasuie or dissatis
faction as to the man igemrnt or ser
vices should have been communicated
to the present Incumbent direct.
Sam Jones the levlvallst, wns once
taking women to task for siicndlnc
moro time In prinking than In lira)
ers If there's a. woman here," In
screamed, flnall), 'who pni)s more
than she prinks let her stand up '
Ono poor old faded specimen of feml
nlnlt) lu the sorriest, shabbiest of
clothes arose You spend moio time
pin) Ing than prinking''' asked the
preuiber taking her all 111 The poor
old eie.ituro said she did praved alt
the time, prinked not nt all, ' You go
straight home ' admonished Jones,
and put a little moro time em )om
The) differ ts to rrllglnn Wh)
I clldn t suppose that either of them
e red a rap about religion' 'Well '
tbcv 'ii'nt unMl th y found out that
the) llffeieil in to lt" Life
HAWAIIAN ELECTRIC CO., Ltd.'
KINO STREET, NEAR ALAKEA.
Metropolitan Meat Co.,
Fresh Meats and Pish
by Every Steamer
From the Coast that
Also Poultry, Salmon und lltilluut.
The Metropolitan Market, King St., Tel. 45.
FOR SALE AT The Booth, Fishmarket, Telephone 379.
Central Market, Nuuanu St., Telephone 104.
PORTABLE TRACK COMPLETE
30 Inch Gauge 14 lbs Ralls
36 inch Gauge 20 lbs Rails
l:or nnlc In eiuintltlc to
Hult by t- t- t- l-
H. Hackfield & Co., Limited
w,r. I THE EVE NINO BULLETIN
f THU OLDHST HAWAIIAN DAILY PAPbR
' A KLONDtXB fO ADVEBTISEBS JJtjtjtjtjljtjl
The Germanic! Life Insurance Company,
OF NEW YORK.
Paid to Policy Holders since 1SC0 for Death Claims. . J24 373.IC9 C5
Tor Matured Policies . 7.507.6US 27
Dividends and Surrenders . 13.C99.13 1 37
Manager for Hawaiian Islands.
OAHU CARRIAGE MF'G CO., Ltd.
1170 Ittver Street.
Ket. Iterctiinlu (inel Puunlil.
P. O. Uox 078.
lubber Tires pat on in Satis
lrtrlrlty is Life' say tho most
eminent medical authorities, nnd tbo
wonderful results In allaying pain ant
suffe ring through tho agency of thw
medical battery nre known universal
ly Man) simple ailments may bo suc
cessfully treated, and by using the
butter) under the advlco of a physi
cian the most serious chronic diseases
can be rurccl.
We will give a book containing full
directions for tho treatment of over
one hundred different diseases, gratis.
Price of Battery Complete,
has Cold Storage.
Choice Beef, Veal, Mutton.
Lamb and Pork always
75c per month
$1.00 per year
Fine Carriages, Wagons and
TmCkS. Repnlr Work a
All orders promptly attcnJcd to.
Only competent help employed.