The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1898-08-26
another BIG PLANTATION
b. F. DILLINGHAM'S LATEST
ENTERPRISE.
Consolidation Of the Waialua Planta-
ton With Surrounding Properties
Interview With Promoter.

The particulars of one of the larg-
est plantation schemes projected in
these Islands have been made public
today for the first time. The propo-
sition embraces the formation of a
company, probably under the name
of the Waialua Agricultural Company,
with paid up capital in landed prop
critics, mill, water rights, ETC., of a
million and a half dollars and two
millions more as a working capital,
the latter to be issued in 500 shares,
most of which are already subscribed.
The properties embraced in this
great enterprise are situated at Waia-
lua, on the other side of this Island,
and embrace all the country extend
ing from Waimea valley to Kaena
Point, a distance of about twelve
miles, and running from the sea to
the foothills, at an elevation of 600 or
700 feet. 1t is not improbable, if the
present arrangements are consummat-
ed, that the plantation will eventual
ly comprise 10000 acres of sugar land
alone.
The new company in the first in
stance takes in the Halstead planta
ton and mill, consisting of 2,400 ac-
res of the finest sugar land, in fee,
and 1900 more under lease. All of
this land is below 100 feet. Everything
pertaining to the Halstead plantation
is turned over to the new company.
The lands of Mokuleia are included
in the deal. This is the property that
is known as the Gaspar Sylvia ranch,
recently purchased by Henry Water
house for $150,000, but the purchase
was really made in the interest of B.
F. Dillingham;. Five hundred acres
of this land is available for sugar and
rice, $50 acres of which is now under
lease to Chinese, yielding an annual
rental of $4,000, which will inure to
the company at once.
Six hundred and sixty acres of land
belonging to the Gay estate have also
being secured.
Mark Robinson and B. F. Dilling
ham put in the Kawailoa property of
5000 acres, held under lease with 22
years yet to run, and 2S more in pros
pect.
The above properties comprise
about II 900 acres of sugar land; there
are number of smaller holdings in
the vicinity, some of which have been
secured and for others negotiations
are still pending, the acquisition of
which will probably be under lease,
and therefore will not require any
addition to the capital stock.
b. F. Dillingham;, to whose enter
prise the Inauguration of this great
enterprise is due, said this morning:
81 suppose | ought not to talk for
publication yet, but as the matter has
got out l may as well tell you the
facts. The establishment of this plan
tation has been a cherished scheme
with me for years, ever since the in
auguration of the railway. My cam
did opinion is that no better PROPOSE
ton for investment was ever made to
the public. The value that has been
put on the properties which are to be
made over to the company isvery low,
and 1 honestly believe some of them
are today worth double the money
they are put in at. 1 tell you not
many people would have organized a
company and put them in at less than
double what we have valued them at.
1 consider the Waialua Agricultural
Company, the name l have suggested
for the corporation, although some
other may be adopted, to be as good
an investment as the Oahu or Eva
plantations, were they combined We
have more water than we can possibly
use. There is Kaukanahua stream,
the largest on the Island, that has
been going to waste for years, besides
natural springs in abundance. There
will be no artesian wells to bore and
the springs alone will furnish all the
water needed to b used on the high
er levels to irrigate thousands of ac-
res. Of the new lands we have 700 ac-
res planted to cane this year already.
and we expect to get in 300 more by
the first of the year. Professor Max
well has visited the different proper
ties involved and taken samples of the
soils. Here is list of thirty-nine anal
yses and his report in which he says
the great bulk of the estate will be
highly satisfactory for sugar cultiva.
ton, the soils are free from certain
poisonous compounds which are
found in those of other localities or
the Islands. In conclusion he consid
ers these lands to merit the greatest
confidence and expectation for sugar
production. What more can we want