The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1897-02-02
BIG COMMERCIAL DEAL
NEW CORPORATION TO OPERATE
AT HILO, HAWAII.
c. Il. Richardson's Business Will Be
Managed by the New Company
Local Business Men Interested.

Another corporation is to be added |
to the already large number now OPP
Grating in the Islands. The deal, all
but completed now, has been pending
for some months. Representatives of
the parties have been quietly working
to secure what seems to them, and no
doubt will prove to be, a very profit
able enterprise. It's consummation
means much to the locality and place
where the new and enlarged business
is to be carried on.
The matter referred to is the alb
sorption of the lumber anu hardware
business of c. +. Richardson, at Hilo,
by company made up of local and
foreign capitalists, the majority of
the stockholders, however, being busi-
ness men of Honolulu. The new con-
mercial Company, with capital stock
of 100000, fully paid up. 1t will take
over the business of c. L. Richardson,
construct new and more commodious
quarters, extend operations through
out the island of Hawaii, with strong
business connections at San Fran
cisco.
j. w. Mason, manager of the Capt.
tai City Company, of Olaa, who has
been in the city week or more, and
left for Hilo today, has been active in
the organization of the new COM
pany Before leaving he refused to
discuss the objects of the Hilo Uom-
mercal Company, but the facts in con-
nection with the enterprise were OBJ
local people interested in the company
are ID. b. Smith, of the Manufacturers
Shoe Co., Thos. j. Higgins, the well
known capitalist; Capt. j. c. Cluney,
II. F. Wichman, with j. W. Mason, of
Olaa, and Capt. Charles Nelson, a large
lumber dealer and ship owner of San
Francisco.
Most of the parties named are stock
holders in the Capital City Coffee Com
pany, but it does not follow that the
new corporation will be run in con-
nection with the coffee business. 1t is
quite sure, however, that a complete
coffee cleaning and growing plant will
be added to the Hilo store, not only
for use of those interested in Doth
concerns, but for the convenience of
coffee raisers throughout the districts
of Olaa, Puma and Kona. \ separate
building will be erected to, carry on
that work, with location on the Wal
luku river, in order to reduce the cost
of operation TO a minimum.
! Another feature of the proposed
purchase will result to the benefit of
! Hib in substantial manner. Capt.
| Nelson will furnish the Hilo CONNER
cial Company with lumber, and to
that end will put on a regular sailing
packet from the Coast, later to be
superseded by steamer service, de-
pendence for return voyage freight
being relied on coffee and fruit ship
ments.
ers in the Hilo Commercial Company,
was asked this morning for particulars
concerning the Hilo deal, but he re-
fused to be quoted regarding the mat
ter. In fact he declined to talk about
it at all.
j. w. Mason, who left by the Kinau
this morning, carried with him author
| ity and sufficient coin to conclude the
purchase of Richardson's business, the
amount being close to 100000. When
the details have been arranged, Mr..
Mason will return to Honolulu and
perfect the articles of incorporation.
Until this shall have been done, it will
not be known who will be the man
ager of the new enterprise.