The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1889-01-23
EXPENSES.


Mr.. C. II. Kluegel, an experienced
railway engineer, has made n careful |
estimate of the running expenses, |
including wear and tear IT road and |
rolling stock, and allowed for such |
expenses as are higher in this coun-
country, including coal at Tl5 per |
ton, and finds the road can be oper-
ated, three trains per day 365 days in
the year, for little over S2,OOO per
month, say $25 900 per annum. Add
to this interest on bonds Z per cent.
on 100000, SOL 900, making $4,000
Perhaps you will say the expenses
are too low Then add, ii you please,
80 per cent. to the estimated running
expenses, and we have sos 800, leav-
ing a balance of $4,000 net earning
after cutting II careful estimate OF
gross earnings down one-half. As we
offer no stock for sale, only bonds, it
would seem good investment for
| the most conservative. The Com
pany propose to have the land, in
tended for sale and lease, all laid out
and ready to sell if possible, by the
time the road is completed. Those
whose means are limited and wish TO
invest in land, | wish to ask that
they will subscribe now for bonds,
with the assurance of the company
which will be given, that the said
bonds will be received by the Com
pany at par for payment Of land,
rent livestock, or any other property
which the Company may have Tor
sale, plus the interest which may be
due upon said bonds when offered to
the Company.
In this way many people can help
this enterprise ON, who otherwise
might not see their way clear to take
the bonds, preferring to wait for the
sale of lands-which will neither be
sold not wanted unless the railway is
first completed. There has been
much complaining OF hard times
among tradesmen and mechanics-a
waste of breath in street corner talk,
and volumes of political bosh pub
lished in our newspapers, fault found
with Government officials because
they don't create business. Would
it not be more to the point II this
whole community got up in one
united effort and put II few dollars
into an enterprise which has never
been known to fail in creating bust
ness in any other part Of the world.
Are there not 800 people in this
, country who will risk 500 each in
an enterprise like this, backed with
the security offered? With Il less
amount subscribed within thirty
days, added to present subscriptions
| will agree--accident cXccptcd--to
} have the road built and in operation
within one year of the passage of the
Act, viz: Sept. 4, 1889. One word
more and | have done. Whoever
takes the trouble to wade through
the foregoing will, feel sure, be con-
WINGED that have made an honest
effort to do something for myself and
, also for this country. | have spent
, good many thousands of dollars
and have done more hard and trying
, work during the last three years
, than | have ever done in any other
, six years OF my life. This is no rea
\ son why the public should subscribe
i one cent. But if ] have not sug
= gested, to say the least, plan fol
i putting money into circulation, breaC
q to the mouths Of the hungry Gf there
are such), employment to idle bu
k willing hands, and the possibility o
# happy homes for those who do no
l. count their savings by the thousands
then ] apologize for all ] have eve
# done to bore the public and promis'
h YOU | will sell the franchise to for