The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1899-04-10
0LAA PLANTATION
Everything is Ready for
the Lists to Be Opened.
Over Ten ThousardlAcres Have Been Secured.
Manager VIII Be a Tried Man
The Puma Plantation

The following interview in regard to
the Olaa plantation, with DIR Nichols,
one of the promoters, is taken from
the Hilo Herald:
Everything is settled" he said, so
far as the land is concerned. We have
direct purchanse or by option. Most
OF the latter are for six months, but it
is probable they will be closed and ali
the money paid to the owners within
thirty days. The last property secur-
Ell was that controlled by Mr. Fulcher
amounting to nearly 700 acres. We
pay 500 per acre for this land-the
maximum price fixed by us. We had
two small tracts at $50 and $50 per
acre, respectively and the rest went
from $50 to 500 per acre.
I'VE guaranteed to secure 5000 acres,
we have gone more than double that
quantity and the place has assumed
snch enormous proportions that we are
contemplating dividing it in two. We
are enthusiastic over the matter and 1
believe Messrs. Thurston and Carter
will file articles of Incorporation with
the Minister OF Interior next Tuesday.
Then the stock will be put on the mar
ket as there is already a demand for
those who wish may subscribe. We
are not now in a position to do more
than take the names of persons who
want stock
CAS- to the manager of the new plan
tation I can say that it will not be a
case of putting a young man in merely
to give him a chance to see what he
can do-infiuenoe 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 a man we Will have regardless of
cost, for expense cuts no figure in
starting the enterprise.
The railway will be built but as to
details of route know nothing. 1t will
go to Olaa at once and when the Puma
deal is closed survey Will be made to
| take that in and start on the circuit.
| We have been expecting Mr.. Dilling-
| ham up for the past two steamers; he
will surely be up On Wednesday and
then more will be learned on that
| point. While it is separate enter
prise we are all more or less interested
| in it. Nothing has been settled yet re-
garding the Shipman lands. You know
there is a law suit in sight and what
ever is done will be on a compromise
|
will not go ii simply because they are
not suited to the growing of the cane.
| All the other tracts upon which we
have. options will De bought. I cannot
think now OF a single one to be left
out. You know We had with us for sew
eral days ]. T. Moir and H. p. Walton,
two we'll known managers, whose eX-
| perience has been with just the same
character of soil that we are to have.
| They have made their reports, which
are most favorable These gentlemen
will accompany A. J. Campbell and
myself to Pima in a day or two for the
purpose Of Investigating the conditions
there. Mr.. Campbell and Mr.. McRae
| have both been over it and, l believe,
report favorably. / have not been to
Puma since 1892 and I remember then
seeing on the Lyman tract some mag
nificent land identical in character with
ours in Puma. 1t seems probable that
the Puma plantation will go through
with ours OF course nothing can be
said definitely until the reports Of the
experts have been received.
When Mr. POLITE was in Honolulu
before and this Olaa matter was under
consideration he advised making the
shares $40 each. as the larger ones are
100 difficult for brokers to handle, be
sides the lower price will admit
young men and women of limited
means to take a. holding. 1t is much
easier also to advance one dollar on
$40 shares than the same proportion on