The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1899-04-11
OlAA PLANTATION
Everything is Ready for
the Lists to Be Opened.
over Ten IhoIssniIAu. Have Been sesUrsi.
manager VIII ne q Tfss Man
The Puma tisnisi,on

The following interview IN regard 10
the Olaa plantation, with Or. Nichols.
one Of the promoters. h. taSen from
the HilO Herald.
Everything Is settled, be- said 30
far as the land is concerned We have
now control 81 1884 acres, either by
direct puFchanse or by option. Most
Of the latter are for six months. but o.
Is probable they will be- closed and o..
the money paid to the owners within
thirty days. The last property secur-
cd was that controlled by Mr. Fulcher
Amounting TO nearly 700 acres. We
pay 800 per acre for this lani-the
maximum price fixed by Us. We had
two small tracts at $50 and s35 per
acre, respectively and the rest went
from $50 to 800 per acre.
We guaranteed to secure 5000 acres.
We have gone more than double that
quantity and the place has assumed
such enormous proportions that we are
contemplating dividing it in two We
are enthusiastic over the matter and ]
believe Messrs ThurstOn and Carter
will file articles Of incorporation with
the Minister Of Interior next Tuesday.
Then the stock will DE put on the mar
ket as there Is already a demand for
II. Hilo will have a large block and
those who wish may Subscribe. We
are not now ia a position TO do more
than take the names Of persons who
want stock.
AS to the manager Of the new plan
tation ] can say that It will not be a
lease Of putting a young man In merely
TO give him a chance 10 see what he
can dO-inGuence will cut no figure;
the man will be tried one. some one
whOse experience and whose work In
the past fits him for the position
Such q man we will have regardless OF
cost. for expense cuts no figure In
starting the enterprise.
The railway will be built but as ia
details Of route know nothing. It viii
go TO Olaa at once and when the Puma
deal Is ClDsed survey will BE- made Il
take that in and start on the circuit
We have been expecting Mr.. billing
ham up for the past two steamers; h
Twill surely be up on Wednesday ant
then more will be- learned on tina
l [. 4,
Iprise We are all more or less interested
in i. Nothing has been settled yet re
lgar1ing the Shipman lands. You know
there Is law suit in sight and what
lever IL done will be on n compromise
basis. The Wakefield lands at KeaaI
will not go in simply because they ar,
not suited TO the growing OF the cane
All the other tracts upon which w
| hav" options will be bought. ! CannO
| think now Of single one TO be lief
tout. You know We had with Us for sev
"ral days J. r. MOir and II. J.. Walton
two well known managers, whose OK
lpcrIonCc has been with just the same
character Of soil that We are TO have
IThCy have made their reports, which
Iare most favorable These gentlemen
| ~ ~ h''blhpdlls ~ - 'dllDDll tU'
myself to Puma in a day or two for tn,
purpose Of investigating the conditions
there. Mr.. Campbell and Mr.. McRa,
have both been over II and, believe
report fayOrahly. have not been tC
Puma since 1892 and ! remember then
seeing on the Lyman tract some mag
lnIhccnt land identical in character witt
lOurs in Puma. II seems probable thai
the Puma plantation will go through
with ours. or course nothing can b,
said definitely until the reports Of II,
experts have been received.
| when Mr. POLITE was in Honolulu
before and this Olaa matter was under
consideration he advised making tn,
shares $50 each, as the larger ones are
too difficult for brokers to handle. be
sides the lower price will admi
young men and women OF limited
means to take holding. II Is much
easier also to advance one dollar on q
800 shares than the same proportion or
| shares Of higher value"