The Hawaiian gazette., 1896-12-15
BOONTOH HONOLULU
B. T. Dillingham; Organizes New
Plantation Company.
GREAT DEMAND FOR STOCK
Near1ya 100000 Worth
Sold Yesterday.
GREAT DEMAND FOR STOCK
Vast Sums of Money to be Spent
viii be Benefit to Railroad.
Success Assured.

The much talked-of and greatly to
be wished Oahu Plantation is an ac-
complished fact, and by the consum-
nation of the plans of B. F. Dilling-
ham, sugar plantation company of
nearly 100000 capital has been or
ganized and will soon begin operations.
The matter has been under considera-
ton by the capitalists of Honolulu, the
United States and Germany for the past
two years, and it was only when the
moneyed men abroad showed decid-
ed reluctance to come in that the peo-
pie here determined to make it thor
oughly local affair, to be controlled
and managed by local men and with
local capital.
The details of the plan were COM
pIeted late yesterday afternoon, but
while they were in process of evolution,
men with capital to invest We're falling
over each other to put their coin into
what will unquestionably be, unless all
signs fail, one of the best investments
in the Hawaiian Islands. Mr.. Dilling-
ham was feeling jubilant last night
when a representative of the Advertis-
er saw him at his beautiful residence
at Punahau. Replying TO the report
er's request for a verifcation of the
rumor, he said:
yes, the Oahu Sugar Company will
soon be incorporated and organized,
and Messrs. H. Hackfeld & Co will be
the agents. Their subscription is a
very large and substantial amount
The present intention is TO start with
a capital stock of $1,SOO,OOO. Over half
of this amount is already subscribed,
and know of over 100000 more that
will be taken by very few intending
subscribers, whose names would be on
the list now, but the final agreement
between Messrs. H. Hackfeld & Co. and
the numerous property owners of the
10000 acre tract was not concluded
until nearly o'clock this afternoon.
Yes, the enterprise is local in every
respect. The company will be incor-
porated under the laws of the Republic
of Hawaii, and every dollar will be
taken here"
DO YOU think the home capital will
be sufficient to take up so large an
amount of capital stock"
"I believe the demand for stock will
far exceed the amount to be offered to
the general public.
will the assessments of stock be
completed in 1897, or will they run over
that year into 1882"
About SO to 40 per cent in 1897,
and possibly the balance in 1895"
When do you think work will be
comenced?"
As soon as possible after the COM
pany is formed"
How large an area do you think
viii be planted next year?"
The original plan was to plant 1000
acres of plant cane every year, but
unexpected delay makes it doubtful of
our being able TO plant more than 1000
acres in 1897, but an effort will be
made to do more if possible, and it is
hoped that the full area will be planted
every year after 1897"
How does the land compare with
Eva Plantation land?"
1t is thought by some to be fully
equal to the best lands of Eva A
thorough analysis has been made by
Dr.. A. B. Lyons for account of the
promoter, and also by DR.. Averdam
for the satisfaction of Messrs H Hack
field & Co. The interest that firm has
shown in the enterprise is sufficient
guarantee to any one of their faith in
the result. l see no reason why the
enterprise should not prove as good
an investment as Eva. l don't think
one need ask for anything better.
When do you think the mill and the
pumping machinery will be supplied ?''
L think it is the intention of those
interested to purchase the mill from
the same manufacturers who supplied
the Eva mill roller, and will be
the Fulton Iron Works Company of st.
Louis. Mo, and the pumps will~proba-
bly, he ordered from Messrs. Frazer &
Chalmers of Chicago, H."