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EVENING BULLETIN. HONOLULU T. H., TUESDAY, JAN. 21. 1908.
Begins Today, Jan. 20
"' .Ml 'f - I
Blankets and Comforters
for cool nights
Extraordinary Values and a
Beautiful Assortment to
WHITE COTTON, at 75c, 90c and $1.00 a pair
EXTRA WHITE COTTON, at$1.50 and $1.75 a pair
PART WOOL WHITE, extra size $2.75 a pair
ALL WOOL WHITE, full size.$3.00 and $3.50 a pair
QREY and TAN COTTON, from . . . .$1.00 a pair upw.
QREY WOOL and RED WOOL IN ALL QUALITIES.
A large assortment to select from. They are well
made and well-tufted, in very pretty patterns and col
ors. SILK, SATEEN, and SILK-COVERED COMFORT
ERS, from $1.50 upw.
See our window display
N. S. SACHS
DRY GOODS CO., LTD.
TM . 1 the water that
I 1T1 T1 IT refreshes. Try J
r'A " the product of
CONSOLIDATED SODA WORKS CO., LTD.
Q. S. LEITHEAD, Manager.
MANURE FOR FERTILIZING
The Pond Dairy
plants and lawns can be had at a reasonable
'price, with delivery, at
BARGAIN SALE at yy I
1 See our window display. Any article for 50c i
I Many pieces worth three times the money, i
I Sale begins Jan, 25th. Lasts until Feb. 1 only ;
y. . --..-,. - .1, ," -I fl f Jt.
ttrXirmr'Tr.TAiLi .fa rfff
IF you only knew how artistically
lovely we can make the simplest
home, for a little bit of money,
you would not live another day in
those old rooms.
See Me About Them
PHONE 420. ."... j i . 137 KING STREET.
(Continued from Poze 1)
thing, significantly fingering tlio
pnlm of hla hand.
"I said to him, however: 'Is thcro
any basis on which the (Jovcrnment
enn claim 13,000,000 Tor under
weighed sugar? I think It Is a vital
matter to the stockholders? To this
ho replied that none of the stockhol
ders were worrying about the charg
es. I then asked to look at a list 04
stockholders. I had heard of the
Wall Street reports circulating after
the death of Mr. Ilavemoyef and 1
decided It would be proper. to Inves
tigate the report that the stock of
tho company was widely scattcrod
and that It was no longer concen
trated. "At first Mr. Jlelke refused to al
low ma to look at It, and he asserted
It was not In tho New Jersey ofHcc.
I mado It plain, so far as I rould, It
was not as a competing sugar refiner
tl-nt t sought Information. I said 1
did not wish to seek any Information
bearing upon tho manufacturing cost
tho selling tost or tho profits of the
American company, but that as n
largo holder of preferred stock 1
wished to obtain Information to
which I was entitled by law. Mr.
Ijclko demurred, and I merely told
him that ho had bettor consult with
his counsel, John H. Parsons, who 1
wag sure would tell him that I was
entitled (0 n view of the stockhold
"It was not until the next day that
1 received a noto from Mr. Helke
telling mo that I could sco tho list.
1 tabulated the holdings of several ol
the directors, the amounts of which
made mo seek further Information
from Mr. llelke. I found, for exam
ple, that the lato Mr. Havcmeycr
was down on tho list as owner ol
13C shares of common and 21 shares
of the preferred; Arthur Donncr, the
teasurcr, owned 100 shares of the
common and 200 shares of the pre
ferred; John K. l'arsons owned 240
rh'arcs of the common and 240 sharet
of tho preferred; Horace Hnvomeyer,
tho son of II. O. lluvemeyer, hud only
tho qualifying 10 Bhares of a direct
tor. "Georgo II. Frazlcr appeared ai
tho owner of 10 shares and John
Mayer as tho holder of 10 shares
Mr. Helke had told mo that 1 was not
1. good stockholder, ns one of the
reasons why he would not allow mt
to look at tho list ot stockholders,
nnd when I saw tho holdings of
these directors I said to him, 'You
propose to elect as directors at the
Wednesday meeting three men whose
total holdings, po far as tho boola
show, do not amount to moro than
flvo hundred shares.' I referred tc
the fact that tho management pro
posed to elect Horaco Havemcycr
John E. Parsons and George Frazlcr
dlrectois at the annual meeting.
His Holdings Largest
"Much to my surprise, I observed,
in running over tho list, that mj
holdings of American Sugar, amoun
ting to GB00 shares, was the largest
holding of. all. I ascertained that
tho 190,000,000 ot stock, aggregat
ing 900,000 shares, was distributed
among 17,000 people, nn average ot
oO shares to each stockholder.
"The list also disclosed a prepon
derance of women among tho stock
list. Naturally, I Inquired If Mr.
Ilnvcineycr's holdings in the com
pany wcro limited to the small am
ount shown by tho books, and Mr
llelko Informed me that ho .believed
no had owned moro. It appeared to
me, however, that thero was some
clock Jobbery In tho fact that the
president of a great company did not
caro to dlsclobo his holdings in the
company of which ho was tho presi
dent. "I again asked tho secretary of the
company for Information as to the
assets of tho company, and he refer
red to tho Btimmary filed with the
Commonwealth of Massachusetts on
February 19, 1907, giving tho condi
tion of tho company at tho closo ot
business December 29, 1906. This Is
Real estate, buildings
and machinery ....J UG,029,220
dise, matorials and
stock In process .... 16,035,978
Cash and debts rec'ble 36,731,272
Investments In other
corporations GO, 1188,407
Capital S 90,000,000
Debt and liabilities ... 35,309,038
buildings and machinery' and asked
v hat were Included In that item to
make up tho total of 136,029,220. I
found out by careful Interrogation
that the Item Included tho American
Pugar Refinery nt San Francisco,
which was destroyed by flro and
earthquake nearly two years ago. I
found also that the old Oxnurd plant,
In Brooklyn, which has been disman
tled, was also Included. Mnny other
plants which hao been dismantled
or not In operation arc Included In
this Item of 136,000,000.
"Tho St. Louis plant, which has
been dismantled; the Mollcr-Slcrk
plant, of Brooklyn, flm Unemeer
bugar Company plant and the Dick
& Macr plant, all of which have
been dismantled, were Included In
tho Item. I found that tho Matthtcs
sen & Wlechers plant, of Jersey Clt)
vhlch Is In operation, was Included
In the Item, and then I asked wheth
er tho Hnvemoycr & Elder plant, tho
big Brooklyn plant, was Included In
the total. Mr. Hclke said he declin
ed to tell 1111) whether or not the
company included that plant under
"I then turned to the Item of In
vestments which totalled 150,988,
467, and asked what assets constitu
ted that nmount. I was informed
that the stock ot the Baltimore Su
fcar Iteflnlng Company was Included,
the plant of which has been disman
tled. Tho plant of tho Camden, N.
J., sugar refinery, which is disman
tled; the n. C. Knight plant, which
is not operated; unci the Harrison
I'razler plant, of 1'hllnde.lpkla; nlso
not operated, were Included in this
Not Owner of Beet Sugar Stock
"I told Mr. Helke that I thought a
rood many sugar rcllnerlej totild bo
bought for 136,000.000 and that the
control of 11 good many others could
bo acquired for a suiull part of ISO.
000,000. I asked also If the control
at the stock of the American Beet
Sugar Company, which Is capitalized
.t MS, 000,000, was Included under
the head of Investments.
"To this query, the reply was
mado that tho American Sugar Ke
nning Company did not own n dol
lar ot stock In the American Beet
3ugar Company, but that Mr. Have
ncjer might have owned a large
block of tho stock personally. He
lccllncd to stnto what Interest, If
iny, tho American company had In
the National Sugar Refining Com
pany. I could not astcrtaln what In
terest tho American company had In
ho Or cat Western or tho Michigan
)eet companies, the control ot which
8 supposed to be lodged with the
mcrlcnn Sugar Refining Company.
( have heard that eighty per cent, of
'he beet sugnr business was con
trolled by tho American company,
iut I could not obtain any accurate
nformatlon on this subject.
"I now propose to find out what
"he property of theAmorcan Sugar
tcflnlng Company consists of. It Is
cruo that I have always obtained 7
ier ccnt.on my preferred stock, but
I am not content with the mere
Irawlng of my dividends. I want to
(now If I am entitled to theso dlvl
lends and whether tho dividends
'lave been earned.
"I think every stockholder Is nnx
'otiB to know about theso matters,
but as to how I shall proceed I have
not decided. I huvo consulted with
ny attorneys, and will sleep over the
problem tonight "
V. II. Thomas, tho newly elected
president of tho American Sugar Ro
(Inlng Compnn, refused to discuss
tho matter last night. Horace Have
ueyor said he wus unfamiliar with
tho wholo question.
Efforts by Claus A. Spreckols, at tho
annual meeting of tho Amorlcau Sugar
Iteflnlng Company ycsteidajl to got
doflnlto Information about tho assets
of tho company ueru met by tho adop
tion of a resolution requesting tho di
rectors to iimko public such Informa
tion "as to them shall seem unliable."
V. B. ThouiiiH, president ot the com
pany, replied to Mr. Spreckels' do
tuand for Information by nnuounclng
111 at his requests would bo noted by
the directors and taken Into consider-1
ntlon In preparing their rcrort Mr, '
inumni una previously reau a pre
pared stntcment In which hu tntlmat
cd that the policy of secrecy that pre
vailed under tho Hawmejer regime
was to be done away with.
"If la llir. nlil ulnrx? nf llnw PrtwiLntt I
aid tho 'coon,'" said Mr. Sprockets
after tho meeting. "They cerlalnh
camo down with both hands up n
soon ns they saw the gun. The offer J
to make public a full statement of tho
company's condition ami affairs Is nil
I asked for nnd must bo accepted In
good faith. I think I will get nil the
Information I want, nnd I am assured
that It lll be forthcoming at a ory
Mr Spreckels had had a long con
fcrenco with John E. l'arsons, counsel
for the company and one of Its direct
ors, beforo making this statement
"I cannot tell when wo shall have
tho report ready, hut wc shall give Mr
Spieckels' desire for Information full
consideration," Mr. Thomas sold.
Fewer thuu fifty persons, represent
Ing GS7.SG0 shares of stock, attended
the meeting nt the company's plant,
Washington and Essex streets, Jersey
Favors Public Plan.
Mr. Thomas' statement, after paying
n tribute to the lato II. O, llatenioer,
said In part
"In connection villi Mr. Haemey
er'B death the statement has betn
widely published that ho perslstentb
opixised public statements In regard
to the company's business. This In
hot entlrel accurate.
"Upon tho subject ot publicity Mr.
Hnvenicjer's position was that overy
statement required by law should, of
courso, ho published, but that In the
case of prlvnta jorpor.Ulons concerned
In conietltlo business tho question
of what moro should bu dono was 0110
to bo determined by tho stockholder?;
that whatever Information tho stock
holders as 11 body called for should be
given, but If they wero satisfied thnl
publicity put tho business at a dlsad
vantago their wishes should control.
"Under tho nblu management of Mi.
Havemeyer mid conditions existing In
tho past I believe our policy was wise
and fully Justified, but I believe that
now under tho new conditions which
largo corporations, In my opinion,
must face n policy of publicity Is de
sirable. I. am heartily In favor of It
and I bopo (o bring about this rpsult.
Tho tlmo'of making such n statement,
nnd Ub nature, must bo matters of se
rious consideration and will bo dealt
with by tho directors according to
their best Judgment."
Mr. Thomas called attention to tho
fact that there are 9244 holders of
common stock nnd 9833 holders of pre
ferrcd Btock, and expressed tho upln
Ion that thero should bo no further dl
Idend declared from tho company's 10
serve. His only comment on the
charges of defrauding tho customs,
which arc now under Investigation bj
the Federal authorities, was:
"The stockholders, no doubt, notice
statements which from tlmo to time
appear In tho public press about pro
ceedings against the company. In re
spect of no such matter can a definite
statement bo mado at tills time, except
In relation to tho effort of Mr. George
II. Earle to hold tho. company liable
by reason of tho loan which was made
to Adolph Segal."
Earlee Suits Still Pending
Mr. Thomas polntod out that none
of tho Earlo stiltH has como to trial
j yet and concluded his statement with
tho assurance to 1110 stocKpomers inni
tho business for last year had been
satisfactory and tho company was In
a string financial condition.
Immediately on tho conclusion of
Mr. Thomas' statement II. II. Closson
proposod this resolution, which was
adopted: "That tho directors be and
they are hereby requested to prcpaie
and havo published such statements
about the company's business. Its ns
tots and finances as to them shall
seem suitable, having reference, to all
(Continued on Page 4.)
Dismantled Plants Included
"I took up tho Item 'Real estate,
P. E. R. Strauch
A HIGH ELEVATED TRACT
OF LAND opposite Hon.
Henry E. Cooper's residence
at Manoa Valley with un
obstructed view, on right hand side
cf car line. Will sell one or two
acres to suit purchaser. One of the
very best building lots In Manoa,
WAITT BLDG., 74 S. KING ST.
MRS. C.E. FINK
HEALTH OF WOMEN
In this nineteenth century to keep
up with the march ot progress overy
jxtwer ot woman is strained to Its
utmost, and the tax upon her physi
cal system Is far greater than ovor.
In tho good old-fashioned days of
our grandmothers few drugs wero
used In medlclnos. They relied upon
roots and herbs to cure weaknesses
and dlitaso, and their knowledge of
roots and herbs was far greater
than that of women today.
It was In this study of roots and
herbs A at Lydia E. PInkham, of
Lynn, Mass., discovered and gave.
to the women of the world a remedy
moro potent and efficacious than
any combination 01 arugi.
Lydia E. Pinkham's Vegetable Compound
Is an honest, tried and true remedy of uqueitlonablo therapeutics value.
This medicine made from native roots and herbs contains no narcotics
or other harmful drugs and today holds tho record for tho largestnumber
of actual cures of female, diseases of any medicine tho world has ever
known, and thousands of voluntary testimonials are on' fits in tho
laboratory at Lynn, Mass., which testify to its wonderful value.
Mrs. C. E. Fink, of Carnegie, l'a., writes: Dear Mrs. PInkham.' "I
wish evory suffering woman would tako Lydia E. Pinkham's Vegetable
Compound and write to you for advice. It has done mo a world of good
and what It has accomplished for me I know it will do for others.'r
When women are troubled with Irregularities, Displacements, Ulcer
ation, Inflammation, Backache, Nerv.us Prostration, thoy should r..
member there Is one tried and true remedy, Lydia E. Pinkham's Vege
Mrs. Pinkham's Standing Invitation to Women
Women suffering from any form of female vveaknesa are Invited to
write Mrs. PInkham, at Lynn, Mass. Out of her vast volume of ex
perience she probably has the very knewledge that will help your case.
because it linn the ideal insnlntinn! there nre fieht tpnarate
walls' wood, air-space sheathing, mineral wool, sheathing, (mb)
worxi sucairung, ztne. mat saves money in lce-ouis,
It holds the door nhsolutelv tieht bv bolt inn- it both
at top and bottom. The middle-lock allows the warm airKJffi)
iium wiuioui 10 gci in, ni mc least warning 01 ine aoors,
m other refrigerators.
It's cleanest, and most easily cleanod. And there are (a)
AVAM 4l.n Art.. ,1. ... ...Ill 1.. l..l A- 1.11 -A VHV
acvji uiuvi iitauiia mat wc win ue Kau lu wu uu ui
5oc to $2.00
NUUANU BELOW HOTEL STREET.
The Modern Light
and you will wonder, as everyone doc: who uses it, how
you EVER did without it.
Hawaiian Electric Co., Ltd.,
Office, KINO ST. near ALAKEA. PHONE 390.
Tab l"e t's
. will give you the
Buttermilk and it
will have all of
the butter fat of
the milk, and will
than sold by
Buttermilk served at
our Scda Fountain.
Hotel and Fort Sts.
Silk Shirt Waists,'
Everything from Japan
A GOOD SIGN
COSTS YOU NOTHING IT
PAYS FOE IT8ELF.
MAKES Q00D SIGNS.
F. 8. Nagami..
Kodak Developing, Printing, En
larging and Interior Photo
graphing. HOTEL ST. bet. Nunanu & BetheL
Sanitary Steam Laundry
Branch: TERRITORIAL MESSEN
GER SERYICE. PHONE 361
R. MIYATA & CO.,
flONTRACTORS, BUILDERS, PAIN-
TERS. PAPER HANGERS ind
Second Hand Lumber, Doors and
Sashes Bought and Sold.
KING ST., PALAMA JUNCTION.
FORT NEXT THE CONVENT.
Half Sole and
Repaired while you wait
Vickers' Shoe Repair
1110 Union St. P. 0. Box 667.
Send in your orders at onoe to
The Finest Jade Jewelries, Etc.
The Finest Workmanship on the
In true Occidental and Oriental
Come in and make your choice.
Hotel St., bet. Alakea and Smith.
"ITKY NOT let ns have your bu-
iness to advertise 1
HAWAII PUBLICITY CO.,
82 MERCHANT ST.