The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1901-07-07
he RELIEVED MONEY sTRIHGEHer
THE RAILWAY AND PLANTATION
FiNkNcIER RETURNS
TRIUMPHANT.
Three Months usefoily spen,-visited
Roslin Coal mines-eiven an Ex-
eursiOn to ST. PauI-ss~ Bakers
field OIL District.

Benjamin F. Dillingham; returned
home In the steamer China after an |
absence Of three months on the main
land he vas both looking and feel
ing we'll. having been successful in
more than one important errand. Mr..
Dillingham; was seen at his home,
"woodlawn. Punahou. yesterday eve
ming by a Repu Jlicsn reporter.
Yes. have disposed OF olsa and
Puma bonds. I have raised all Of the
money required by olaa plantation for
the last nine months. Practically the
whole issue Of 81 .250.O00 has been
placed. We have not sold all OF the
bonds. but raised money on a portion
OF them. Il was not desired to sell
the whole OF them because We expect
90 pay of a part OF the Indebtedness
with the drst crop.
since returning l hear that the
construction Of the mill is going ahead
satisfactorily. Its completion Is prom
ised by the first OF October but If II
be ready the first OF November | shall
be very well satisfied. The capacity
~ the mill Is 200 tons a day. This
seasons grinding viii be OF 5000 acres
and the yield at least FIVE tons to the
acre, making the total product for the
FIRST season $4,000 tons OF sugar. 0laa
sill have 500 acres OF Puma cane to
grind ont OF $50 acres planted. Olaa
has bought the Puma cane and this
arrangement viii continue until Puma
finds il advisable to have a mill of
its own Puma viii plant 1000 acres
the coming season
There Is ~ ID per cent Of 0laa
assessments called in. The balance
win be called in as easily as possible.
az the rate OF so cents TO 81 share
each assessment"
sir Dillingham; was asked how Ha-
waiian investments were now being
regarded AZ the Coast He replied:
This depression and the ceasing
TO pay dividends on Hawaiian Com
meroial and Honokaa, together with
the decline In stocks, make people
over there wonder what is the matter
here. The depression here has caused
a depression there. Il is unfortunate
that those plantations began 20 pay
dividends here when they could not
keep II up Il would have been bet
ter 20 have paid smaller dividends
az the outset or 20 have deferred pay
ing any until the completion OF the
improvements that exhausted the
earnings"
The reference here was to the new
mill OF the Hawaiian Commercial 4
Sugar Co. which win have capacity
OF 500 tons OF sugar a day. and to the
extensive irrigation and shipping
works in construction. AS. Mr.. Dill
bingham remarked. the H. c. & S. Co
has four times as much available land
as Eva plantation. with the prospect
of an ultimate yield OF $4,000 to z5.-
tons OF sugar year.
Prom San Francisco | went e
Portland. Seattle and Tacoma" said
Mr.. Dillingham; in answer to a ques
ton as 20 the extent of his travels or
this occasion Il visited the termina
works for the shipment Of coal at Ia.
coma Here 1t viii be understood
the speaker changes his role from tbs
character Of plantation financier q
that Of general manager OF the Oah'
Railway and Land Co. one Of Homo
AlfN HNAl AuAOtttlt N0nNSthS-
Prom Tacoma visited the RosliI
mines. l04 miles distant" he went OF
70 say. These mines are producing
e.000 tons OF coal month and Il Il
said the deposits in that region woulC
yield q million tons \ year for ons
hundred years before they were ex.
hapsted. descended a shaft to I
depth of $50 feet and had an under
ground ride Of about three-quarters o
a mile on an electric car. The work
ings are ventilated by electric fan
ana are quite cool and comfortable.
Mr. Dillingham; and Geo. p. Denisoz
superintendent Of the Oahu railway
were accorded an excursion from Ia
coma to 81 Paul by invitation Of "
c. Pierce representing the presiden
Of the Northern Pacific Railway The.
travelled in an observation car. accom-
panied by Mr. Pierce and his wife
together with his private secretary
Il also went 10 Minneapolis. MI
Dillingham; proceeded in nsrrating hi
itinerary. ~and Lake Minnesonka an
visited Nlnnehaha Falls The LAX
has SIS miles Of shore line. witt
trees growing down 70 the water
edge There are many beautiful sum
mar residences there. Il Is an idea
place Tor boating and fishing. de
liThtfai place TO spend the sunme'
I went 70 Chicago and STAYED there I
week. returning 20 the Coast bv th
Chicago and Northwestern and Uniol
Pacific
Z visited the great OH region o
bakersfield. California. Yes. We coan
on putting IN oil here. There are az
thousand derrieks ia operation. max
ing a perfect forest | saw 1900
barrels OF oil 80 oat in \ NIGHT
Ne are Ia position % iay dow
coal here mach chesper than q Ia
ever been done before and can ais
pat oil down cheap. We have arrane
"a With 4 lfne of vessels 20 bring Goa