By Curtis Narimatsu
Rudy Peterson (1904-2003) paved the way for Oriental land developers to finance their projects through the Bank of Hawaii.Â This was a watershed economic opportunity that paved the way for the Orientals to become major Hawaii tycoons.Â Unfortunately, the tycoons took all the credit for being brilliant without giving credit to a rare (good luck) opportunity after the war and the generous credit extended by Peterson.
Rudy was a buddy of Hung Wai (1905-2002)Â and was instrumental in enabling HW to create the huge subdivisions in Aiea, Pearl City and Waipahu known as developments of Pacific Land Hui. It helped that HW knew the Amfac people who sold him the land. Â Pacific Land Hui was a limited partnership headed by HW as general partner and a bunch of AJA contractors who were his â€œboysâ€ at one time or other as limited partners.Â All made bundles of money as demand far exceeded supply after the war. The engineers were Sunn Low Tom & Hara; Takushi Okamura was the attorney and the accountant was another Buddahead whose name escapes me (later Coopers Lybrand I think). Oahu Homes was the sales agent and was run by some of HWâ€™s â€œboys.”Â No one had to hustle for sales in those days because buyers lined up to purchase the â€œpackage dealsâ€ which had just emerged in those days as an evolution of subdivided land. The first phase sold for $14,000 for a 3 BR home (no sidewalks and overhead utilities). The second phase sold for $17,000.Â HW was really riding high in those days.
Masaji Marumoto (1906-1995)Â was on BoH Bd. of Directors, & followed Hung Wo Ching under Peterson. Masaji representedÂ Chinn Ho w/Wai’anae resort plans [after sugar plantation closed down], which is how H-1 Freeway got thruÂ via federal funds [Heco plant/etc.].Â BoH’s Cooke aristocratic persona was diffused via Peterson’s grassrootÂ image.Â BoH’s Link Moore a grassroot acolyte.Â Luso/Portuguese Joe Pao 1916-1977 w/BoH [great CPA HenryÂ Alves under Pao].Â Pao’s greatest project was utterly creative Enchanted Lakes.Â â€” Curt
Kyoto Temples Were Original A-bomb Target
Kyoto was targeted for A-bomb until Sec. of War Henry Stimson nixed itÂ because Henry loved Kyoto’s ancient temples when Henry was there onÂ his honeymoon.Â No, Edwin Reischauer had nothing to do w/nixing Kyoto.Â Our destiny-maker John Young [spawned River St. Church ChristiansÂ Dan Inouye/Ted Tsukiyama–our greatest contemporary leaders todayÂ like Abraham Akaka/Herb Choy/Jack Mizuha/Hung Wai & Hung Wo Ching/etc.] missioned in Kyoto. Â â€” Curt
Imagine, Pres. Bush wanted to privatize social security & invest fundsÂ into the stock market.Â 442 Tom Mizuno from Waialua married Kona gal,Â worked Pahala Sugar, then moved to Hilo/sold cars.Â Tom was a gutsyÂ strong baseballer, as good as anyone here [outfield/clean-up long ballÂ hitter].Â Tom is back in Waialua.Â Rich Nakamura’s dad’s original lastÂ name was Tenjoma [Yamaguchi prefecture], but dad Masa adopted byÂ Nakamura.Â Masa was Kitagawa Motors’ brain behind the operation.Â Dopey Morita Pepe`ekeo boy, married Nekoba from same village.Â DopeyÂ had tremendous inner fire/determination, though he didn’t show it onÂ the outside.Â Pepe`ekeo mill camp boys incl. Norm Mizuguchi/Russ Okata/Bobo Lapenia.Â Rich De Sa pitched for Asahi/got connected to Japan majorÂ league via Angel Maehara/unlike his cousin Tony who actually was athleticly giftedÂ but didn’t go far because Tony played for Luso Braves.Â Yes, Joey De SaÂ Diamond at Lanakila Field/Park is named after Rich’s brother’s son [Joey’sÂ mom is Puerto Rican Matias — great baseball genes].Â Obama econ mainstayÂ Larry Summers (born 1954) needs to stop being Mengele [Summers said thatÂ men innately smarter than women in science/engineering].Â Marker ofÂ superiority — Summers genius, so to speak, precocious mind.Â Yikes!!Â Rahm-bo Emanuel (born 1959) made $232,000 as Freddie Mac director 2001,Â after FM was plagued w/bad loans.Â Directors are casual/part-timers, notÂ full-time employees.Â John Podesta [dad Italian/mom Greek] (born 1949)Â salutary backdrop, Georgetown Law grad ’76 [peers Ron Ibarra of Kona/Mazie Hirono], Bill Clinton’s chief of staff (1998-2000).Â When Henry PetersÂ was asked why he/BE trustees made a killing as trustees, he flatly said,Â “we’re like CEOs of large corporations.”Â Yikes!Â Don’t ask Rahm EmanuelÂ why. Â â€” Curt
(Curtis Narimatsu isÂ a lifelong resident of Hilo who writes about the forgotten past such as the oldÂ plantation days & untold heroes.)