“ Equity impresses the trust upon the property in the hands of the transferee or purchaser, compels him to perform the trust if it be active, and to hold the property subject to the trust, and renders him liable to all the remedies which may be proper for enforcing the rights of the beneficiary. ”

“ That this would be a deprivation of property without due process of law, contrary to the constitutional provision, is so obvious that, until the proposition is challenged we are content to leave it without argument. ”

“ Know all men by these presents, that I, Kamehameha III, by the grace of God, King of these Hawaiian Islands, have given this day of my own free will, and have made over and set apart forever to the chiefs and people the larger part of my royal land, for the use and benefit of the Hawaiian Government ; therefore, by this instrument I hereby retain (or reserve) for myself and for my heirs and successors forever my lands inscribed at pages 178, 182, 184, 186, 190, 200, 204, 206, 210, 212, 214, 216, 220, 222 of this book ”

“ The subject has a pathetic interest from the fact that the King originally owning the entire public domain gave up the greater portion of it to the Government as government lands for the express purpose of preserving the remainder from the fate which finally overtook it.
"It may not be unworthy of remark that it is very unusual, even in cases of conquest, for the conqueror to do more than to displace the sovereign and assume dominion over the country. The modern usage of nations, which has become law, would be violated ”

“ It is not necessary that such transferee or purchaser should be guilty of positive fraud or should actually intend a violation of the trust obligation; it is sufficient that he acquires property upon which a trust is in fact impressed, and that he is not a bona fide purchaser for a valuable consideration and without notice. ”

“ The commissioners of crown lands are hereby authorized and empowered to make proper deeds of assurance to the said Claus Spreckels, of the several lands specified in the schedule hereto, in full satisfaction and discharge of all claims the said Claus Spreckels may have or claim in the said lands known as crown lands. ”

“ That thereafter, to wit, in the year 1865, an act was duly passed by the King and the legislative assembly of the Hawaiian Islands in the legislature of the Kingdom assembled entitled "An Act to relieve the royal domain from encumbrances and to render the same inalienable," a copy of which act is hereunto attached, marked "Exhibit B" and made a part herof. ”

“ Full authority is hereby given to such commissioners, jointly with the minister of finance, to negotiate for the redemption of the mortgages in the preceding section referred to, and dispose of the said exchequer bonds for that purpose in such manner as may be most advantageous to the public interest. ”