The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-11-24

McCully's agent. Of the McCully tract
g. Il figure about $4,000 higher than
that named By Mrs. McCully TO me. Ii
Mrs. McCullt has accepted my offer.
and think she has. of course the Paris
option falls thrbugh: if not. and she
deexs the property TO Paris. then Mr.
Paris will have to buy the leases | now
hold, and | rather think a twenty years
lease represents the key 10 the Situa-
ton. However. | don't anticipate any
trouble and think there is no doubt
that an amicable arrangement can be
reached, if the Paris Syndicate can
furnish their proportion of the money
required.
Have YOU had any previous expert
ence in such matters Captain" was
asked.
Plenty OF it. This will be the sew
enth or eighth project OF the kind thac
[ have carried through 10 success. The
last one was the Belvidere addition to
San Francisco. I have carried out
similar undertakings in other parts Of
California and in other States. After
concluding to take hold of this one /
called on several leading bankers and
capitalists here who have assured me
of the additional financial support
needed 70 carry il through in addition
to my own capital. | also submitted
the entire proposition to Mr.. Steinhart
OF the Ang1o-California Bank when he
was here. He is an old friend Of mine.
and he assured me that the PROPOSE
ton was one that could not fail with
the necessary capital to back it up
Have you any objection TO giving
the Advertiser an outline of what you
propose to do after the company is or
ganized?'
4 should have if it We're not thai the
matter has already become premature
~ public to certain extent. We pro-
pose the moment Mrs. McCully's deed
is secured to order from the Mainland
the rails, engines, dump-cars and other
appliances needed for our railway by
the next steamer, and make COM
mencement On the 15-acre tract of the
Bishop Estate at once, filling in as we
60 The track will then be moved and
the process repeated until the whole
country is filled in. AS near as we can
estimate it will cost us about 81 600 an
acre to do the filling in alone, but it
may be considerably more. Mr.. A. F.
Cooke has submitted a scheme TO us
for filling in by means Of a wire cable
end System Of buckets which he claims
is feasible and cheaper, and we are
looking into it. The cable would run
from SOM. lands he owns in the foot
hills.
I'VE propose to construct first main
boulevard extending from King street
just beyond the Cummings fence clear
through the McCully tract to kapio-
LAM Park This boulevard will be 1870
feet wide and will be paved with as
phaltum to prevent dust, and We pro-
pose to make it the popular drive to
the park. There will be broad side
walks on each side constructed of ce-
ment and also a special bicycle path
for wheelmen. This will be the main
avenue across the tract, but it is to be
iEtersected by another similar, which
will have its commencement at the Ka-
liza road leading to the beach and Old
Waikiki at the point where Fred. Har-
rison has just built. From there it
will go across the McCully place and
connect with the road which runs up
Manoa valley. On these main boule-
wards the lots will be 100 by 200 feet,
on all the intersecting streets they will
be so by 150 The company will prob
ably reserve every other lot for some
years. Trees will be planted on the
streets and good drainage assured by
system Of bitches with stone arches,
culverts, etc. The lots will be sold to
responsible parties on very reasonable
terms. We shall likely require some
guarantee from purchasers that the
buildings to be erected will not cost
less than certain figure. as we nave to
to protect purchasers against the cree
ton Of shanties similar 70 those which
now disfgure the property and disgrace
the district