San Francisco May 9th 1902
Joseph O. Carter Esqr.
              Honolulu
My dear Mr. Carter -
            Your letter of the 29th inst. is at hand. Mr. Lyman is right regarding the $25,000 for the Hilo Boys Boarding School. It is for endowment, ie, income to be used for support and not for building.
            It has been my wish, and is so still, that there should be no hurry about paying the $50,000 to Oahu College for considering what I have done for that institution it has seemed to me that others, those who have personally or through their family, enjoyed advantages from the old school should have a chance to give it a lift, and that they might see the necessity and advantage of acting sooner if I held back for a while. The trust saves $2000 per annum by waiting, and the money will all be wanted.
            There are a number of things in the minutes of the meetings of the Trustees that I would remark upon, but have not time for today. People who could and should do more for their own children are too willing to settle them on the Preparatory. In the minutes of April 11th C. R. B. Trust, is a.statement of payments to be made out of income are items amounting to $16,000. in which "Alumni" is set down for $800. which should I think be $300.
            There are many "worthy objects" that one would like to help if one had the money to spare, so many that one has to pick and choose. The name "Honor Loan & Trust Association" would give the impression
that the recipients of loans would expect to repay at some time, as should be done.
            Much as I would like to see more done for Hawaiian girls after they finish at School, I know that the B.P. B. Estate cannot contribute at all, and I have come to the conclusion that it would not be prudent to allow a "Home" to be located on Estate land near the Kam. Girls School or to have it under the care of the principal or teachers of that school. There would be great risk of its falling into financial difficulties and of annoying efforts to get support or aid from the estate. The Trustees have their hands full now, so full that I am anxious.
            I was glad to see that a reduction of expense in the Girls School was made by dispensing with a teacher of lace-making and surprised that a motion was passed to employ another teacher to sing etc. in the Preparatory.
              The charge for tuition etc. was made too small in the "Manual" in the beginning, when everything was cheaper than it is now and when less was done for the boys than is done now, and when all of the expenses of the Schools were less. There is strong reason for a higher charge and rigid enforcement of it now. The value of the work done and the things produced does not nearly pay the interests, making it liable to attack and overestimate and exciting cupidity, envy and injustice. Gradually its affairs will become settled and go on more smoothly, its policy becoming better understood and appreciated.
            I have heard something about giving the public a road along the beach at Waialae, and notice in the minutes that extension of lease is being considered. People used to drive very much where they pleased across the land, avoiding the largest stones, the deep sand, and the mirey places. It is desirable to curtail the number of roads or tracks as much as may be done without trouble and to do it soon. The shore line is crooked and sandy so that people have taken to the grass ground in places using a good deal to much ground in their winding way. .If by giving the public a wide roadway just above high tide the estate will be benefited and future trouble saved there is no doubt but that the Trustees will do it when the proper time comes. It is quite a good many years since I was on that land. I was quite inclined to make a summer residence there, but Mrs. Bishop preferred Heeia.
             I'm glad to see that the trustees take into account the income and unavoidable expenses and put off expenditures that can wait. It is very easy for the principals and teachers of the Schools and those connected with the Museum to point out improvements and say what they would like; but they.do not appreciate the responsibility and difficulties attending the position of trustee.
             Such strong rain freshets as you have had lately may cause a good deal of damage, but on the other hand it shows what needs to be guarded against in all sorts of building and improvements.
             While I know that it was unwise and in some instances blameworthy to branch out so very much all at once in making new plantations and extending old ones, especially when the labor question was in suspense, I do not think that there was wrong intention, and so I would be sorry to see failure or difficulty and I hope that such will be avoided. The planters are an able, honorable and skillful set of men and I wish  them and their neighbors much success. 'The supply of laborers is  the great question now and for years to come.
              It seems to me that real estate in and about Honolulu and especially the city is at the top notch.
              I remain, with kind regards. Very truly yours,
                                                                             /s/ Chas. R. Bishop
 P. S.
             I am hoping to see promise of larger endowment
             of Oahu College soon.
                                                               CRB