The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-12-16
SHARES IN DEMAND
People Rush to Subscribe
for Oahu Stock.
The Plantation an Assured Fact.
Not Enough Stock to
Go Around.

The article in the Advertiser yester-
day relative to the organization of the
Oahu Plantation Company, set Homo
lulu in a whirl. Business men with a
few thousand TO invest were willing to
neglect their mail to go out by the
Belgic, in order to talk over the mat
ter. and calculate on how much stock
they could take in the enterprise. An
interested party remarked to the rep
.resentative of this paper yesterday:
The option given to the Hackfelds
extended so long that it is doubtful if
we can get more than a thousand or
You know, our intention was TO or
ganize with a capital of $4,000, 900, and
we thought there would be no doubt
about the German connections of the
firm of Hackfeld & Co. taking the en-
tire amount, and the work would have
been started before this. That plan
failed. and now the company will have
a smaller capitalization.
THE stock has been so rapidly TAX
en- today that there seems to be no
doubt that it will command a premi-
UNI within fortnight J. F. Morgan
has been getting subscriptions during
the day, and his list is about yard
long, and is made up of persons TAX
ing from 10 shares to as many hun
dred. OF course, there are a great
many persons who would like to take
shares but they want to know first
to be paid the first year. The pros
pectus under the first plan was COM
plete. and we knew just what would
have to be paid. With the smaller
number of acres to cultivate the first
year means less money for expenses,
and consequently fewer and smaller
! assessor
Another gentleman largely interested
| in the finances of the community was
| as jubilant as a 4-year-Old when SpOk-
en- to by the reporter.
Honolulu should have a few more
! Dillinghams to reduce the wall about
hard times The subscription list
shows how much money is ready fol
investment in Honolulu. A good thing
I should say so. 1t will make money
plenty in the city, and give the Iron
Works people employment for a long
time to come. 1t will put money into
circulation in Honolulu that might
otherwise have gone abroad for invest
ment or would have remained idle in
the banks.
Another thing it will make posi-
| BILE for the railway company to eX-
tend their line to Kahuku. That
means employment for a third more
men than are now working for the
company. 1t means, also, that LAND
along the line will be developed. and
| the owners will be benefited. Dilling-
ham has done what probably no other
man could have done, and he is as
busy as a mailer. | was over at his
office today. and he was so over-rur
with men anxious for particulars re-
garding the new company that he had
! to abandon his work on the pros
Ipectus he was writing. You may de
| pend upon it, the beginning of work
on the Oahu Plantation means the
dawn of an era of good times for the
merchants of Honolulu"
J. F. Morgan, who was engaged IN
making sales of capital stock, was
asked last night regarding his success
'If people were as anxious to buy
some of the real estate l am selling at
auction" he said, 4 would be ready
to build another house, and probably
take holiday. | never saw people so
anxious to get hold of a good thing as
they are now. I sOld-actually sold
$500. 900 worth Of the stock yester-
day, and received several applications
from large buyers besides. Just as soon
as the prospectus is completed the
stock will be filled out for them. The
success with which Eva has met in
duces people to invest In a plantation
where the land is better than at Eva,
and where the prospects are favorable
for even better returns. I don't be-
Iieve Oahu stock can be had at par
three weeks from now, and if you or
any one else want any, you had better
file your application. The amount of
stock allotted for sale is nearly all
taken up now