The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1862-05-22
PROSPECTUS
lIAbs
THE AHA STEAM AND y
AL INTER-ISLAND NAN1G ALTON
CAPITAL
SIOO GOO
uT Is PROPOSED TO FORMA MEM

Eft Is PR OSE ED TO FORM A NEW
Z Company. under the above title, on the following basis
LIST. The Company to consist principally of all the Sugar
Islands. No one Of which to hold a preponderating interest in
the Company, or if they do. to have only the same vote as
2d-It is proposed to purchase the steamer " Kiauea " as
well as the Charter privileges, Buildings, &c. Of the Hawaiian
Steam Navigation Company, at a fair valuation.
3i.-ro apply TO the Legislature now in session, for a new
Charter, extending the time OF the present one to fifteen years
and to grant the new Company a subsidy for carrying the mails,
aud the privilege OF having steamers Of a size to suit the trade,
and to be allowed also to own and run schooners If they choose;
but the schooners to have no special privileges. The Company
to forfeit all their privileges should they fail for twelve months
to run a steamer of not less than $50 tons.
18th To run the "hilauea in the meantime, as long as she
is to be purchased or ordered, such as the Company may decide
upon.
5h-To purchase clipper sclooners, or admit them into the
Company at a valuation The Company to run them until they
them with, or convert them into steam vessels.
1t will he seen that on this principle, the Planters and the
Public, as well as the new Company, Place themselves in an
absolutely safe position, for they will have it in their power to
command the freghts, and 20 run steamers or sailing vessels, or
both. whichever proves to be most profitable, and most to the
general interest, whilst the planters will never be left without
ing up the shares is, besides the evident one of interesting the
as the interest that each person holds being small, and also
each shareholder owning a share in a number Of comparatively
steamer be lost, the schooners or steam-schooners would do a
good business. and pay interest on her cost and their own. until
With regard to the Charter to be applied for, no delay need
account, as until ii is obtained the purchase will MT go into
effect unless by consent Of the Shareholder
No cash advances will be required by Shareholders, as the
approved notes eff any Planter, Merchant. or citizen will be
No one applying for shares VIII he bound to take them, until
he approves Of the steps taken, and resolutions passed at the
first meeting Of the subscribers. the date Of which will be duly
advertised and if he does not approve Of same, he can with
draw his application.
Applications for shares will be received by the undersigned
in the form hereto annexed. 1t is proposed that no one firm or
individual be allowed tn take more than $1,000 interest in the
new Company. OF II they do, that they will have the same num-
Der Il votes a a Shareholder, holding $1,000 stock.
All applications for shares will he granted in the order they
are received by the undersigned.
W. L. GREEN, Secretary to tie
Hawaiian Steam and General In~ter-Island Navigation Co.
Term Of application for Shares)
SfR:-we will thank YOU to enter our names for -
OF stock in the Hawaiian Steam and General Iuter-Isiand NaEi-
CATION Company, on the understanding that We are allowed 20
withdraw our application. should the general course of action
at the first meeting OF the Subscribers not meet with our appro-
baton, or the terms Of payment not suit Us.
" L. GREEN, Secretary to the
Haw. Steam and General InterIscnd Navigation Co.
$40 If