The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-01-29
THE WORLDS SUGAR BOWL

The most conservative estimate of the of American
capital invested Cuba $1oo,oooOoo compared
to the S5oooooOoo of United States money II Mex
co this showing on the face Of it, would seem to be very
much against CUBA, really favor when its
taken into consideration he territory island
could be very conveniently tucked away any OF big
states OF Mexico with room lett over to accommodate
the Isle of Pines without crowdng
Cuba has been called sugar bowl OF the world Its largest
crop raised 1894, consisted OF 1o54ooo The
crop for last year amounted to 85o52 tons while the which
now being cut estimated The first sugar sold this
brought Is pound and good land modern
machinery and favorable conditions 1t is said that can be
duced for u cents and in instances trae lower.
Next to the industry the most important enterprise in
which American money involved is the Cuba Company This
is composed OF the following weknown group of Am
ercan capitalists William Whitney, Levi Morton Thomas
3 Ryan Cen O. NJ Dodge, George d. Haven p A. b. Widen
H. l. Terry and Sir William Van Horne. The the
Chcagoan who built the Canadian Pacific railway and whom
Queen Victoria gave the Sir put front of his signature
account of his with that great undertaking. rhe Cuba
Company started business with $8Oooooo with the
|of building railroad from Havana to Santiago distance of
about miles 1t close corporation the being
$4,000 each Before the scheme proceeded great
length the capital was increased and the expenditures up ~ the
present time will probably to about $OOooooo About
SIS miles of track has been laid cost Of $25oooo per mile
At the present time it takes three days go from Havana
Santiago stops being made night at Santa Clara and Puerto
Principe AS the sleeping arrive through
will be put and the distance covered in twenx hours The
fare from Havana Santiago S34 The Cuba Company has
not confined its operations to railroad building alone 1t has
bought thousands valuable sugar land adjacent
its line and intends COLOMBO the country Building city
Npe bay another project that proposed One OF the leading
Spanish papers Havana has just published long article in
which claims the authorized
ready powerful company will increase its capitazon
$5OOOoOoo and launch multitude of big enterprises While the
organ referred conservative there much doubt regarding
the authenticity this said that the ndomabc
Sir William promoting this big scheme told his million
aire colleagues that good gamble 1t will probably be
long while before they get together and divide any dv
dends
Another great enterprise of origin the American To-
bacco Co., which has millions in buying the factor
les in Havana together with thousands Of of land in the
celebrated Nuleta Abao district Pnar del Rio province 1t
claimed this fully onethrd of the best lands in
this noted section and it gradually increasing its grip the
field by buying
The Havana Electric Railway Company is American
poraton in which there Canadian capital 1t has 80
miles track travellers and has order
ed The Of capital actually invested is $6OOoOOo The
Insuar Electric Company which is owned by the group of
capitalists building about IFS miles of track suburban
around Havana To complete the work progress will
require expenditure of 100000 more:
There large deposits of iron and manganese Santiago
province and American capital the of several millions
southern the city OF Santiago and the will be haul
ed to that port by dummy line.
In the city of Havana the American brewery bong works
provision capital which incorporated mil
lion 1t composed of both Spanish and American capital The
great United Fruit Company which has such extensive
in Central America has made Cuba has large hold
ngs in Santiago province and will produce sugar fruit bananas
and cocoanuts
Threeourths OF the American capital in Cuba nvese"
during the American occupation There has been halt
everything since the Withdrawal the United States forces