The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1900-05-08
N ABRYDE BUYS BIG MILLS
HAS PURCHASED THE AMERICAN
SUGAR CoMPANY's.
Pays sS25,OOO For 1t, Set Up on Kauai
Payment to be Made in Bonds--Molo-
kai Again Ranch.

The American Sugar Company's
plantation as a sugar estate Is at an
end. The company has just sold it's
fine new, modern mill to the McBryde
Sugar Company.
A meeting of the directors of the Am
erican Sugar Company was held yes
terday and the negotiations were COM
pleted. The mill is regarded as one or
the finest ever sent to these Islands.
1t contains a number of labor saving
and automatic devices which it is be-
lieved will enable IL TO run with fewer
men than any other mill now in the
Islands.
The contract price for the mill be-
tween the American Sugar Company
ana oliver O. Stillman of New York,
the maker, was $339, 900 set up at Kau-
nakakai. The mill was brought out
from New York on the steamer Horda,
and was only recently unloaded there.
The price to be paid for it by the Nc
Bryde company is $325,OOO set up on
Kauai the purchase price to be paid in
bonds. The reason why the McBryde
company does not pay cash, is that in
the plans for the development of the
plantation it was not expected to put
up new mill just at this time, the
company having milling facilities that
would enable it to take care of the
present crop. The opportunity to get
a mill that is of the capacity and style
they want at this time and at price,
that all things considered, is one ad-
vantageous to the company, has been
seized, and the bonds will be given to
carry the time of payment over to the
time when in accordance with their
financial plans they expected to pay
for a mill.
The sale is subject to the consent of
the manufacturer to change the loca-
l ,f TpYsf iys hon l1f
there will be any difficulty about this,
as it is mutually advantageous to all
the parties in interest.
With the sale of the mill, all immedi-
ate effort to develop the American Su-
gar plantation into a sugar plantation
is abandoned. The property was used
as a ranch before it was proposed to
make a sugar estate out of it, and il
| will continue to be used as ranch. III
fact, it was a part of the plans of the
sugar company to carry on the ranch
| business in connection with the sugar
| estate, using all the land suitable fol-
| ranch purposes and not suitable for su-
gar, in that way In pursuance of this
plan, the ranch part of the enterprise
has been developed, and IL is. now d
| better ranch than 1t ever was before
The cattle and other live stock on 4
have been increased in number, ant
| improved in quality and a handsome
] profit above operating expenses can b'
made out of 1t as a ranch.
There are some of those heavily In.
| terested in the company who have no
! wholly given up the belief that water
can yet be developed on the property
in sufficient quantities and at small
enough expense, 90 eventually develoI
! 1T into sugar plantation. There h
abundant acreage of the finest quality
! of soil, and If the water problem car
be solved the expectations of a suga
estate can be realized. 1t is possible
therefore, that the profits of the ranci
will be devoted to carefully conducted
experiments for water.
But for the present the American Su
gar Company,s plantation as a suga
! estate is at an end.
/ Though this ending of what promised
to be one of the greatest sugar estate
in the world, is a matter of keen dis
appointment, and of great loss to tn
stockholders, it is being met withou
bitterness or recrimination. The agent
and directors are devoting their ener
gies to settling up all obligations of tn
company in a manner that shall saw
all outside persons and firms who ha
business relations with the compan
from loss. By selling the mill, as the
have, the loss on that is reduced to
comparatively small amount.
lut ueNelOpHlenL OF Ine pldnIdLlO
} was planned on the broadest lines. TIL
: equipment contracted for was of tn
latest in mechanical and scientifi
achievement The highest professions
ability was secured in planning the de
Velopment of the estate. A great dea
of machinery, from railroads and loco
motives, to pumping plants extensiv
enough for a big city, and the mill tina
has just been sold, were contracted fol
and much of 1T put up. The inabilit
up to the present of securing the ex
pected water supply, has rendered thi
all nugatory. The company and ii
agents are now devoting their effort
to settling up all obligations with out
side parties, disposing of the now use
less machinery to the best advantage
so as tO leave the property unincum
bered except to the stockholders an
agents, to work itself out as a ranct
, or in event of a new supply of waite
being obtained, as a sugar plantation
1t is the first failure of a well consid
cred sugar plantation in the Hawaiia
Islands for very many years