The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-02-21
BREWERS TO
INVESTIGATE
May Take Up the
Financing Of
Kona.

YYPON the report of Manager Geo.
IL III. Robertson of Brewer & Co.
~ will depend whether or not the
Kona Sugar Company's affairs will be
cared for. by that concern. The bond
of Receiver Wundenberg was approved
by the court yesterday, sureties quail
fying in the sum of $4,000, the follow
ing names being on the bond: Allan
Herbert, ]. A Magoon, S. c. Allen and
]. A McCandless.
Negotiations have proceeded so far
that Mr. p. c. Jones and other direct
ors of Brewer & Co, have agreed that
upon a favorable report being made by
Manager Robertson, the firm will be-
come bankers for the receiver, and this
will guarantee the taking care of the
present crop, and if prospects are not
deceptive, there will be discharge of
the receiver when this is accomplished
Should the estate come up to eXpecta-
tions the crop will amount to $500
tons, which will net at the present
prices $500. 900. This, it is believed, will
meet the obligations and keep up the
work of planting so that there will be
stockholders may resume management
of the property.
The altered prospects of Kona came
yesterday morning, when the members
of the Brewer directorate decided that
there might be made a trial of the plan
of financing the project. The represen-
tations made were such to give
promise of some good business for the
house. for in addition to the business
as bankers for the estate there would
be other matters such as shipping
freight and commissions which would
make the venture profitable. A meet
ing was arranged with the court and
the discussion was had in chambers,
Mr.. p. C. Jones representing the COM
pany. It was then arranged that the
receiver should qualify and take up the
work. The house agreed to make an
immediate investigation of the affairs
of the plantation and then decide as to
what should be done.
In pursuance of this determination
Receiver Wundenberg and Manager
Robertson will leave in the Mauna Loa
this afternoon for a visit to Kona to
go over the estate and determine the
status of the affairs of the plantation.
They will be gone a week or more and |
will look carefully into the progress of
the crop which is ready to be harvest |
ed and as we'll into the condition of
the crops which are in prospect for flu |
ture campaigns. There Will be also |
trip over the railroad, which is still in |
the hands of the contractor and his
and when the report is made |
il will convey absolute information as
to what may be expected from the es-
tate and what will be needed in the
way of cash to carry through the pres |
ent crop.
From interested persons the estimate
is made that the least amount of money |
which would bring the crop to market |
is 900, and there may be an increase
over this, if the labor refuses to go on
with the work without being paid in |
full for work already performed. The |
is now extended seven miles |
from the mill, and this leaves only one
more mile to be completed. The con-
Whitehouse, holds the line for
his bills, which amount to 1000
There is also a series of bills for the
fitting of the mill, which brings it up
to capacity of fifty tons a day. These
will amount to SIS, 900 Another item of
expense which must be met at once by
the receiver is that for ten miles of
wire rope conveyors, which is to be
used for the delivering of cane at the
railroad. There is now seven miles of
the conveyor at work, and the amount
ordered will complete this end Of the
business.
The deduction of this amount of cash
from the estimate sum would leave
some 100000, to be applied to wages
md to take care of store, and similar
features of the plantation work. The
payroll of the plantation is SIS. 900. av-
eraging up the various branches of
work, and by reason of the longer pc
'iod of grinding, on account of the fact
hat there being no irrigation the cane
natures naturally and without any
uShing, which would necesSitate the
Srinding within a short space of time.
t is estimated that there would be
even months for the grinding season .