The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-11-30
The MCCULLYS
Paris Has the Tract But
Not the Leases.
He VIII Prob bly, Get These from
Captain G~,swOId who Wants
10 PooI Issues.

In looking up the matter of the late
sale Of the McCully tract, confirmation
Of which was received by last mail, a
representative OF the Advertiser found
Captain " w. GriswOld and Mr.. Geo
Paris in amiable conversation at the
latter's office yesterday afternoon. This
was a surprise There has been much
comment upon the probable complica-
tions expected TO arise out of the fact
that while the Paris syndicate holds
the land, Captain Griswold holds all
the leases on the property, some of
which have nearly twenty years TO
run. Naturally the public expected
legal battle would result. This will
not likely be the case.
When asked for confirmation of the
dispatch from Mrs. McCully Higgins,
Mr.. Paris handed the reporter the fol-
lowing telegram to Captain E. o.
White, Mrs. Higgins agent here:
Charleston, Me-, Nov. Is, 1899
Capt. Z. o. White, Honolulu, II. !. (by
mail from San FranciscO): Your dis
patch received yesterday. | accept
terms and confirm sale.
ELLEN MCULLY HIGGINS"
i In speaking of the matter Mr.. Paris
said that the syndicate he represented
was anxious TO meet Captain GriswOld
halfway in the arrangements which
would have to be made between them
before the enterprise could go forward.
and that Captain Griswold was not dis
posed to be dog in the manger;" in
fact, there had been consultations be
tween them before the confirmation of
sale to the syndicate reached Homo
lulu. The land will be filled in as soon
as practicable and will then be subdi-
vided and placed upon the market I'M
der the management of the syndicate.
Then you two gentlemen have
reached an understanding? was
asked
Well" said Captain Griswold, you
may state that negotiations are pend
ing and that we have nearly reached
an understanding in the premises re-
garding our respective interests and
that a settlement of the matter is
likely to happen soon"
Continuing, Captain Griswold said:
while we are disappointed in not Sc
curing the property we recognize the
higher bid of the syndicate expresses
the confidence in the value of the en-
terprise When this matter is adjust
ed | shall only be too glad to give the
| syndicate the benefit of my large eX-
perience in handling subdivisions of
| this nature"
Mr.. Paris called attention to the CO.
incidence in the estimated values, as
to the amount to be realized from the
property after improvement, which
\ were almost the same. These values
were estimated by each gentleman sep
arately and upon them the bids for the
property were made.
In speaking the subdivision Mr.. Par
is said his plan therefor has been quite
we'll received and is approved by Cap
tain Griswold. This Mr.. Paris consid-
ers quite a compliment, coming from
a gentleman OF Captain Griswold's eX
perience. Both gentlemen state that
they feel themselves competent to act
in the best interests of those who will
occupy this new portion of the rapid |
ly extending city of Honolulu.
'One of the main features" said Mr.. |
Paris, will be the continuing of Nc |
Gully street at right angles 10 King |.
street. connecting with the John Ena |
and Waikiki roads. This new street |
will be made boulevard with all the |
improvements of today applied in such |
manner as TO afford the Honolulu |
public luxurious drives, long wished |
for. The cost of properly filling in this
tract of land I think TO be overesti-
mated"
When questioned as to the amount
of capital required to carry the enter
prise out, both gentlemen agreed that
about S750, 900 would be needed to fin
ish the contemplated improvements ex-
elusive of any buildings. This amount,
it is understood. includes the purchase
price.