The Hawaiian gazette., 1876-12-20

We have always favored the formation Of
joint-stock companies for the prosecution Of
agricultural enterprises in this country. Ex-
/ perience has shown that aggregations of
capital when invested in this way are much
surer Of profitable returns than when employ
ed in a more desultory and fragmentary man
ner. As a general rule the more extensive the
enterprise the more economically can it be
managed, and consequently the larger the per
centage Of profit.
We have already a number Of illustrations
Of this principle in joint-stock sugar COM
paHies, which in some instances are paying
very handsome dividends to the shareholders,
but so far it has never been applied here to
the cultivation Of our other staples But
now an enterprising gentleman, living in the
heart Of the world-renowned growing
district Of Kona, on the Island of Hawaii, Mr..
II. y. Greenwell, has issued a circular ad-
dressed to parties DESTROYS Of engaging in the
cultivation Of coffee either on large or small
scale, in which be states that he is ready
either to assist with land and capital in the
formation of coffee company, or to treat with
such as may wish to go into coffee culture in
small way. The circular is accompanied
with the following prospectus for the for
nation Of a coffee plantation in South Kona,
Hawaii :"
The proposed site Is located in the District Of
South kOna, Hawaii, at 4 distance from the sea
coast OF aDOutfour a. miles. and is of easy access
BY road from the beach, of which at quarter OF
q mile there is good anchorage.
The land lies on a gentle incline at an elevation
Of from 200 10 5000 feet above the sea the soil i
formed from the decomposition OF lava rock and
ashes and vegetable matter, is light aud easily
worked, and Is now covered By growth of fern
grass aud vines, with scattered koa, ohis, opiku
and other trees.
II Is proposed TO form Company with capital
81 500, 20 be allotted 10 twenty-five shares Of
$1,000 each The owner OF the land viii give four
hundred 400 acres, which shall be valued at SIS
per acre, and snail entitle him 10 six 6 shares and
be shall be regarded As having fully paid up for The
The management shall be in the hands of Board /
OF Directors, TO be elected BY the Shareholders
As many thousands Of young plants Of sufficient \
slze Tor tI9nspantaiion can now be bought at Low
nure 10 the district, il will be unnecessary TO form
any nursery, and considerable saving Of time will
thus be made in starting the enterprise.
IS calculated that the expenses Of the first three
years would be as follows, viz:
Necessary bulLlinss aoo
Pay q tEsnty Al Sls0 each -......... = 500 /
---------- 100
22O
$4,000
At The end Of the second year there would be a
small yield, and at The end ofthe third year tie trees
would give a fun crop.
The trees should be planted nearly eight ls) feet
lpart, say 400 plants 10 the acre and should yield
return oflOoo lbs OF merchantable Coffee per aunun
his 81 present prices tl9 cents per ID WOudsbe
worth $3.50 per acre or for Plantation Of 100 acres
5000
The expenses thereafter should not exceed per
lnnum, say:
1versesr----.. -...--. .-.----....--...---, $50
-9-y - COZ
CRY men Al sit0
0caleat 1.soo
g0.oo
Leaving balance Of IS go per annum. or little
'TeT 81 per cent or the paid up capital
The plantation might be extended 10 $50 or 200
cres-
q n. greenwich
Care Of d. HAcKFELD & Co.
Honolulu
Honolulu, December, 1s76
L. T.