The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-07-04
HAWAIIAN
REFINERY
Politics Scheme
For Island
Sugar.
INVOLVES ENTIRE
SUGAR OUTPUT
A Gigantic Proposition Which Has
Eastern Capital to Back its
Establishment.

Ed. POLITE, the San Francisco broker |
and financier, and his associates are
figuring on gigantic proposition for |
the refining on this soil of the entire
product of the Hawaiian sugar planta-
tions, which, if carried through to COM
pletion, will be a great saving to the !
planters. Mr.. POLITE is now in the |
Islands mainly to look over the field
and to ascertain whether or not the
plan is thoroughly feasible.
The financier is accompanied by Mr..
O. Shaughnessey, civil engineer of
making a thorough investigation of
conditions here in order to arrive at a
definite understanding as to what sized
refinery should be erected. They have
both visited Maui and Hawaii, inspect
ed the various plantations on each, and
will continue to make further investiga
tions until Mr.. Pollitz' departure for
San Francisco in about six weeks time.
| The POLITE interests in the Islands
are not the only ones to be considered
in the scheme, but every plantation, it
is hoped will join in the movement and
thus assure the refinery of an unquali-
| fed success. The Island plantations,
through their agents, entered into a
contract last year with the sugar trust
| for three years, whereby they agreed to
ship the mill products TO the refineries
either on the Coast Or around the Horn
! to New York. One years crops have
! already been delivered and two more
will be forwarded. Mr.. POLITE and as
sociates in the meantime expect to have
their scheme in such shape that by the
end of that period the mill products can
be sent TO the local refinery.
In an interview with an Advertiser
representative on the subject Mr.. Pol
litz said yesterday:
Yes, I am now in the Hawaiian ISL
ands looking up the proposition to es-
tablish a sugar refinery here. 1t is our
aim to take in all the plantations,
whether they are or not at present al
lied with the sugar trust interests of
the Mainland.
1T is the opinion of myself and asso-
ciates that the establishment of a su-
mean much to the planters and would
materially reduce the margins which
the refineries on the Coast now receive
according to the terms of their agree
ment.
You know the plantations pay a
considerable tribute to the sugar trust.
They take our sugars at figure fan
lbelow the public or regular market quo
| fcr, n
The refineries are. now taking the Isl
ands sugars and refining them on 6
contract made for the period Of three
years. One crop has been delivered an6
? two more are to follow.
This is a matter which I have stud
led for some time and have talked owe
] in the East with capitalists interested
I in Hawaiian Island securities and the.
are generally in accord with my plal
for the establishment of such rein
!, cry. I have spent considerable tim
East making known the proposition
and it was favorably received, despft
; the knowledge that the sugar trust /
a strong combination.
81 received encoura cement from man
large capitalists to whom L made know.
my proposition. The apital is all read
to go into the scheme whenever I max
call for it, There was no troubl
about securing money.
"As to the refinery itself, it will b
sufficiently large to refine all the suga
produced on the Islands at present an
arrangements will be made in it's con
struction to allow for increased produc
for years to come. We have to tax
into consideration a steady increase
the output on account of the new plan
tations started up in the last year c
two whose product will send the tor
mage up very high. We are now havin
the specifications of the refinery pre-
pared, but until they are completed
cannot say just how much it will cos
and of course, the capitalization of tn
company depends largely upon that.
my San Francisco partner has ais
been in the East working up the propc
sition, and he assures me of hearty &C
operation on the part of capitalists
go into the scheme. When l have com
! pleted all my Investigations here sha
submit the whole proposition to tn
planters. To my mind, the establish
ment of sugar refinery would mea
much to the Islands. Just where
would be located has not yet been de
cided."
The report that a sugar refinery wa
to be established here was current tai
among the stock brokers yesterday an
the majority of them favor it.
a