The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-03-01
.KONA HAS
GOOD CANE
Receiver Tells Of
What He Saw
There.

| Receiver Wundenberg is not entirely
without hope that the end OF his labors
! for the Kona Sugar Company may be
/ DELAYED FOR some time, and that he may
secure Tie money needed to carry on
the work until the completion of the
two crops. There are several men who
have shown interest in the carrying on
OF the work. and from one source the
money may even yet come. TO run the
plantation until there is a successful
issue.
MIR. :. VI. Damon. who was mention
ed as the man VINO was the choice of
the stockholders and others at interest.
for tie rcceivership. has not lost his
belief IN the plantation. and there have
been conferences which may even yet
result in the carrying through of the
plans Cor the furnishing of the money
for the work. The fact that there
would b. needed an advance OF from
$780, t. 500. COO before the plantation
could be said to be in shape for the
stockholders to take IL up. makes the
task OF the receiver a hard one.
There VIII be made a great effort be-
fore the receiver will give up and make
plans for The selling out OF the planta-
ton. Mr.. Wundenberg is of the opin-
ion that there is an opportunity TO
make good dividends If the sum need
ed can be secured, and his report to
the court shows that he sees little Diff
Guilty in realizing. The report made
as follows:
Honolulu. r. H.. Feb 18th. 1902.
Hon. A. s Humphreys. First Judge.
First Circuit Court:
Dear Sir:-Last week L visited the
Kona Sugar Company's property situated
at Kailua Hawaii, IN company with Mr.
George Robertson. OF Brewer * Co., and
made a thorough investigation and in
spection of the property, from which
have reached the following conclusions:
1. 1 find the climatic conditions or
Kona very favorable for the cultivation
OF sugar cane; largely owing to the fact
that the rains, which usually fall IN
other places during the winter months,
in this section fall in the summer
during the period of the growing
cane. and in the winter months. when
the cane is being harvested, "a is COM
paratively dry.
2 The land, to all appearances. would |
indicate that cane could not be grown !.
on the same, -tIfc-faet remains that (;
excellent cane is now growing on the |
place, than which it is hard to find any !
better anywhere.
g. One of the reasons for the present !
financial difficulties of the company is I
largely owing to the criminal waste and |
poor Judgment exercised in planting !
cane in sections at too high an altitude {
for the proper growth of the same.
4. The method employed of making
contracts with planters and allowing ;
them to draw largely in advance OF what ,
was coming TO them before the crop (
was harvested has resulted in placing /
the company entirely at the mercy of its /
labor.
5. Very poor judgment has been exer- /
cised in the matter OF the MILL IL being
nothing more nor less than pieces pick
ed up from here and there. all of which
have cost more in the long run than a
new mill would have cost. with /
out being able TO give any satisfactory |
results.
But in the face of all these conditions,
think that IL sufficient funds could be
found available to harvest the present
crop of 1902. and also that of 1903, n net :
of at least 7coo tons could be
had in the next 10 or IS months, as can
be seen by the statistics hereto attached.
Respectfully submitted
r. WUNDENBERG.
- Receiver Kona Sugar Co.