The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-07-17
HOPES FOR
A REFINERY
PolIitZ Believes
His Plan Will
Succeed.

| That a sugar refinery will be estab-
lished in Honolulu within a short time,
| is the opinion of Edward POLITE, the
San Francisco broker, who left for the
Coast yesterday in the Sierra, after a
months stop here, during which time
he paid a visit to the other Islands and
Investigated the condition Of the va
rious plantations in which his firm is
| interested. The plan which is occupy
| ing more Of Mr.. Politics attention than
any other Just now, is his refinery
scheme. This was very carefully
worked out before the arrival Of the
promoter, and what has been done
since was in the matter of interesting
local capitalists. While there Is mon
ey enough in sight to insure the build
ing Of large refinery without any
local investments 1t Is the desire Of
the men at the head of the proposition
to secure enough Honolulu subscnp
tions to get the cooperation Of the
plantation men, which, alone, will In
sure the success Of the plan.
will be made in the refinery cannot yet
be announced definitely, but it is the
opinion that the money first put into
the mills will be in the neighborhood Of
81, 600, 900. In addition to this there will
have to be a working capital, which
in the case of the local institution will
be materially less than is needed in
refinery which is located far from
the source of supply. The plans Of the
buildings and machinery will not be
entirely completed until the arrival In
San Francisco of Mr.. POLITE and his
engineer, MIR. O'Shaughnessy. who has
been with him during his tour of the
Islands. When this is done the actual
cost of the concern will be known,
and the subscriptions will be opened.
For the present there will be nothing
done here. but the ground Is In con-
dition for good work when Mr.. Pol
litz returns, in October, and the IN
corporation of the refinery company
progresses.
II have looked over several sites for
such buildings as we contemplate, both
on this Island and others, and have
not made up my mind as to which is
preferable. OF course, l cannot tell
you where the refinery probably will
be located, for that would place US in
the hands of the people who own the
property said Mr.. POLITE. He con-
tinued: 1T would be natural to sup
pose that we would choose Honolulu
for the site of our buildings. But there
are other places where the opportuni-
ties are very fair, and where we could
carry on our business almost as Well.
I'm the matter of support here L have
found that there is manifested a
| friendly spirit. but of course the ma
| jority of the sugar here is being sold
| to the trust on contract. l believe.
however, that there will be general
support given to the enterprise. Many
of the plantations will give their sugars
to the new refinery as soon as we are
in shape to handle them. Then, as the
contracts expire, We Will nave other
sugars until in time we will be able
to handle all the output of these ISL
ands, and finally when we have got
into final shape we will reach out and
take in all the sugar We can handle
from the Philippines. In fact, II we
are successful in making all the nee
essary arrangements which will ena-
BILE us to get going soon, we will make
this one of the leading industries OF
the Islands.
"All the money that we will need
by having our refinery here is a small
working capital, since we will not
have to do as the trust, be in readi-
ness to meet drafts upon the arrival
of large shipments of raw product. We
will have the sugar delivered here, and
as soon as we work it we will be able
| to draw against it as manufactured
| product. That is one of the banking
arrangements which have been made
already. This means that we will have
no need for the large capital which In
the past has distinguished the ref1ner-
les of the Eastern States
| There will be no serious fight with
the trust. That organization cannot
! hope to make a successful fight against
such a plant as ours for we VIII be
| in shape to place our sugars right into
every city in the United States, and
they cannot afford to cut prices so as
to drive out of the market such a large
amount of sugar. Once we are making
| a full run of refined sugar it will be
put into the markets of the entire
country, and we are sure will make for
| itself a place in the trade which will
not be filled by any other product now
for sale.
1.-The raw sugars of Hawaii are the
best in the world. The crystal is the
clearest and strongest, and we will
| have such trade mark as will make
the Hawaiian brand sought after by
|
| instance, the sugars now made on the
Pacific Coast, where they have the Ha-
waiian raw sugars to add to their beet
/ sugars, is much better than the out
put of the Eastern refineries. So 1t Is
when they have Hawaiian raws In with
| the beet in the Eastern refinerfes
| When we put on the market a sugar
entirely of cane we will have no diff
Guilty in securing a demand for the
best grades.
/ "As to fuel. We can lay down oil
here at about 81 or 81. Is a barrel. -Four
barrels of oil are equal to a ton OF
coal of the best grade, and at the same
/ time, requires less expense in hand
| ling. This means that we will be put
on almost an equal basis as to fue
with the most economically managed
refineries of the trust. The skilled Ia
Dor we will have to import, and the
4 helpers will be easy to secure. 1t Is
not the hardest of work with the mod.
ern labor saving machinery. We vii
encounter no difficulty on that score
Mr.. POLITE says he believes that the
principal reason for the uneasy feeling
as to sugar stocks now is the unbound
ed fear of the investors that there viii