The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1902-03-05
PIONEERS last YEAR
ANNUAL REPORT OF THE La
HAMA PLANTATION.
Three Quarters Of a Million Wanted for
Improvements and Expenses During
The Coming Year.

The annual meeting of the Pioneer
Mill Company, Limited, was held yester
day at the offices of II. Hackfeld and
Company. Officers were elected and
the reports of Weep president H. a.
Isenbergf and Manager l.. Barkhausen
were received. The vice-p presidents re-
port showed the necessity of raising a
plantation during the coming year and
complete extensive improvements re-
commended. The crop this year was q
small one, but the reports indicated a
bigger one coming, and showed that the
labor troubles have been got rid of by
Manager Barkhausen. Isenberg's re-
port contained the following:
owing to the large number of per-
manent improvements which were abb
sOlutely necessary for the plantation,
and the cost of which has greatly ex-
Ceeded expectations, and to the raCt
that a small crop has been harvested,
falling much below former estimates,
and in addition realizing lower prices
for sugar than has been experienced for
many years, the financial condition of
the company has been very unsatisfaC-
tory during the last year. it having be-
come necessary to accept large adj
VanCes from the agents of the Com
pany to carry on the necessary improve
ments and work on the plantation.
Il
ter which the report continues:
You will readily see from the above
that it is absolutely necessary for the
welfare of the corporation that a sum
of $3.50 600 be raised during the fiscal
year ensuing, and your Board of Di-
reCtors cooperating with the Agents,
will endeaVOr to devise plans how to
solve this financial problem in a man
ner least burdensome and most adj
NantageOuS to you as stockholders.
When this has been accomplished we
may consider the trouble and difficulties
encountered as settled and of the past,
and the time should follow soon when
dividends will reward us for our pa
thence and efforts.
Your Directors have Just concluded
an agreement with Hon. II. p Baldwin
by which the Company will acquire an
additional amount of eight to twelve
million gallons of mountain water per
day from the Honokahau Gulch; this
water has been brought over to Kama
pail, the operation of a number of the
pumps will be discontinued and it Is
expected that the remaining pumps,
which will still be required regularly,
can be changed at reasonably expense
so as to be run by electricity to be
generated from water power of the
mountain streams, which is now es-
timated at 800 horse power at least.
mere - LlltItlblt d Ntly Bbou prospect
that the heavy expense for coal required
to run the steam pumps can be done
away with almost entirely, at some
future time,
Concerning the condition of your
plantation it gives me great pleasure
to state that the same is excellent in
every respect, thanks to the men who
are faithfully working for the best in
terest of the Company particularly the
Ia.
those who saw the plantation when the
last manager left it. can realize the
amount of good work done during the
past year. To give a few examples !
viii say the following:
Neglected and weedy fields have
been taken off and rerlantad, present.
ing now am ideal aspect of cane. Eight
new reservoirs have been constructed,
Night irrigation is ana evil of the past.
Twenty miles of railroad have been
constructed. THE average yield per
acre has Increased and VIII, increase