The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1901-08-13
CupidWouIdMake
investments in
Diamonds.
COLBURN WILL
FLOAT A LOAN
kapiolani Estate Wants San Fran
cisco Cash for Investment
in South Africa.
\ IAMoND MINES in South Afric.

| N IAMOND MINES in South Africa
~ will be the next investment of the
~ Princes. John F. Colburn, during
his present visit to San Francisco, will
endeavor to- negotiate loan, which by
some has been placed as high as $500 900,
and at least a part of this money will
| go to purchase the interest in South
| Africa which has captivated Prince
Cupid.
Prince Cupid ever since he landed in
| London has been anxious to persuade
| the Kapiolani Estate, Limited, to in
vest in the Transvaal. He met in Lon
don men from South Africa who told
him of the greatness of the mines and
the tremendous values which attached
to the properties. The Prince began to
buy. in prospect, and finally went to
see. Every letter has had in it some
thing about the splendid chance to
make new fortunes by putting money
into the mines there. At length he
made such representations that the
company sent it's treasurer to San
Francisco to make the arrangements
for the loans which would enable the
Prince to have his way in this matter.
The estate company has not gone
farther than to authorize the loans TO
be negotiated, and it viii take the fati-
fication of the board Of directors to put
through any deal which Colburn may
make. There has been no provision for
the issuance of bonds, so that IL there
is any loan it will be made upon the
notes of the corporation. The necessity
for the advance upon San Francisco is
said to be found in the size of the sum
which the travelling Prince has found
| necessary for his investment. While
there have been many investments
made by the Estate, one of the men,
bers of the corporation said yesterday
that there was no difficulty In making
all the loans for these here. There is
a two-fold end to the visit of Colburn
to the Coast for not only will he be in
touch with the money markets, but he
will be where he can reach the Prince
by cable if necessary
Norris Kahai Keohokalole, one of the
members Of the Estate corporation.
yesterday admitted the visit of Colburn
was to raise cash, but said that when
he reported the Estate would have to
decide what was to be done. He con-
tinued: Prince Cupid is more than
anxious to invest in diamond mines.
Every letter says something about it:
since he met some people in London
who first talked of the investment to
him he has been pressing it upon us.
The last letter was of such character
that it was decided to send Mr. Colburn
to San Francisco, where he could be in
communication with the Prince by ca
bic. He will endeavor to float a loan
there and if that is done there is no
doubt there will be large investment
in the diamond shares"
That Prince Cupid is more than anx-
ious to have diamonds is said to be a
fact by those who know of his letters
here, and in fact there are some per-
sons who insist that already he has
taken a flier in the stocks and that
what he now wants is a large interest.
The many investments of the estate
here are said to furnish another reason
for the making of this attempt to Sc
cure the loan in San Francisco. Col
burn is expected to return by the So