The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-08-18
NA| IS
NOW GAY''
Kauai o.ockman
Purchases the
Is ].
PLANS To MAKE
MANI CHANG
ytock tn n Fully
Probably Will Consolidate
All the Holdings.

Lanai will become one of the beauty
spots of Hawaii, if the plans toward
which Charles Gay is bending his en-
ergies are carried through. and the first
step was taken Saturday when the
| tvo-thirds interest in the former Glib
son holdings were purchased by him at
auction for $10S,o0o. This does not
mean the entire cost according to the
current rumor, and there can be had
no confirmation as the parties are not
talking of such things now. for 1t is
understood that Mr.. Gay will make
good the losses of Mrs. Paul Neumann,
her mortgage for $11, 400 being the third
and the sale being at a figure which
would shut her out of benefits.
Despite the fact that there are two
outside interests yet held in the island.
that in time all will come under the
hand of Gay is believed. and this will
give to the Kauai man the most COM
plete ranch in the entire group, for it
has on it neither lantana nor mongoose.
In spite of the few bids there was real
ly much interest in the sale. and there
were about thirty bankers, attorneys
and real estate men at the court house
door when at noon Saturday auctioneer
Will Fisher cried the sale Of the estate.
Cecil Brown opened the bidding with
SIS, OO0, and he was promptly raised to
$100, 600 by Charles Gay. There was
brief wait and discussion and s. III.
Damon then announced his bid of $lO7.-
500. Mr.. Gay went him $500 better, and
after a long discussion by the auction
eer upon the merits of the proposition
with an urgent plea for higher bid,
the property was sold to Mr.. Gay for
Sos, GOO.
The purchaser of the island. Charles
Gay, is a member of the firm of Gay &
ranchmen in)the Territory; but he made
the purchase for himself alone. 1t is
ais intention to convert the property
into gigantic ranch, for which pur-
pose it is well adapted. The land pur-
chased by Gay covers over $4,000 acres
in fee simple, and the leases cover
nearly $4,000 acres in addition, and
which do not expire for five years. The
land is sufficient, according to report
of cattle and about 10000 head of sheep.
There are at present upon the land
about $4,000 head of sheep, about 249
cattle and nearly as many horses.
The amount obtained from the sale
Of the property Will not pay the amount
of the judgment rendered by Judge
Gear in the case Of G. Kuhnst VS.. w.
H Pain and Mrs. Eliza A. Neumann.
Judgment was for over s101, 900, but in
Guiding 400 claimed by Mrs. Neu-
mann for money loaned to Paul Neu-
mann and which was to be paid after
the other claims of Kuhnst for $71,91S
and Bishop & Co. for $29,773 had been
settled. The attorneys fees, auctioneer
and commissioners expenses, allowed
by Judge Gear. will probably more than
eat up any little balance without con-
sidering the claim of Mrs. Neumann.
George Davis has already been allowed
an attorneys fee of $500 in this case.
Mr.. Gay was seen yesterday at the
Hawaiian in regard to his purchase.
He was rather reticent relative to his
future plans, but stated that he would
establish a big ranch for both cattle
and sheep upon Lanai. The purchase
was made by him as an individual and
not for the firm with which he is con-
nected. In response to questions he
said that he has no intention, for the
present at least, of establishing
steamer service between Lanai and
! Honolulu, for the transportation of his
stock, nor will he build a refrigerator
plant there. However, he intends to
import fine breeds of cattle from abroad
and also from his ranch on Niihau.
Negotiations are also pending by Mr..
Gay for the purchase from w. G. Irwin
of his third interest in the Gibson es-
| tate, and also for the HayseIden inter
ests on the island