The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1858-12-02
T88 PA01F10
Commercial Advertiser.
THURSDAY. 2.

THURSDAY. DECEMBER 2.
EVERY new enterprise that is successfully estab-
lished is an addition 20 the wealth Of tho king
dom. There may be no new importation of
money OF. means for this purpose, and the con-
tributions made coward starting such enterprise
may be wholly from money that has for years
been here; yet the calling of it out into active
mechanical or agricultural pursuits, is adding to
the productive capital of the nation, what before
was lying comparatively unproductive and use
less.
Let us instance the Touring enterprise This
company now grinds annually some three or four
thousand barrels of flour, the whole of which a
few years ago was imported from abroad. These
5000 barrels are worth in the market and realize
about $50, 900, all of which sum is retained in
the kingdom first to pay the producers, who
receive perhaps $40, 900 of it, next to pay the
cost of transporting to the mill, grinding and
numerous attendant charges, say S6,OOO' and
the balance is shared as a dividend among the
company. The whole amount is thus retained
within the kingdom, whereas, before the mill was
in operation, the greater part OF the sum received
for the flour, was sent away to pay for it, a mere
1.-THE being retained as a reward to those engaged
in selling it. To say nothing of the improved
quality of the -four, and consequent healthiness
attending its use. the kingdom is annually en-
riched to the extent Of its production. Some
-four is still imported, as the production of wheat
does not yet fully supply the wants of the local
consumption. This, however, will not long con-
tinue and in a few years, we shall export more
than we import.
Here we have an example of the Dement'S
arising from a combination of scattered capital,
which before was unproductive. Had this mill
not been started the thirty or forty thousand dol
lars now paid for -four consumed on these islands
would have been sent abroad for the support of
laborers and capitalists in foreign countries. while
now it is paid to laborers and capitalists resident
in our Kingdom.
1t is in this light, as an increase of our domcs-
tic capital and national wealth, that We view the
new enterprise of a sugar plantation on East
Maui, and a similar enterprise at Hilo, Hawaii,
the latter under the agency of Mr.. L. Metcalf.
The former is undertaken as a joint stock concern,
with n capital of $50, 900 all of which has been
taken up, and vigorous measures are on foot to
carry the enterprise into operation. A first
notice of the company appears in our advertising
columns to-day. We are glad that the company
has Detu OTiue Hiiu tHtt Xix IioSlVet 81 A"A
before them, and trust that it may be but the
beginning of similar enterprises needed all over
these islands.
What we intended chiefly in our remarks at
this time. was to call the attention of foreign
capitalists to the field that is open for a safe, and
most profitable investment of their capital in the
production of sugar in these islands. The near
and almost unlimited demand for raw sugars in
the neighboring states Of California, Oregon,
Washington, rs well MS in the more northern and
rapidly peopling British Territory, must cause
our islands to become annually more attractive
and lucrative rs n sugar producing country.
And no better time exists than now, while labor
is cheap and machinery and lands can he obtained
with little trouble compared with what was the
ease years ago. We understand that a number
of capitalists in the Eastern States of the Union,
have been looking towards an investment of their
capital here in sugar plantations, and are only
waiting a favorable turn or some spur to make
a movement. which while it would be attended
with profit to them would be adding so much to
our national wealth.
In the first place we will state the number of
plantations now in operation and in progress,
with an estimate of their value and capable an
nual produce. The amount produced varies from
year to year, and We can only give an average of
what each plantation can produce.
PLANTATIONS IN OPERATIONS.