Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1907-10-17
Americana Hawaiian Co.
On Local Traffic.
Would Take A Chance
HEART TO HEART TALK

erCe with Mr. Robinson. Mr.. McInerny
and yourself In which you asked me
for letter embodying our ideas as to
n local passenger steamer, / now beg
to place them before you herewith:
That a company reformed under the
laws of New Jersey. with a capital of
one million dollars, of which the All.
:. s. Co. shall subscribe sixty per cent.
and the island interests forty per
cent, at par, shares to be one hun
dred dollars each; that bond issue be
Guthorzed-say for $500. 900: and stock
be issued for an amount sufficient to
provide for the difference between
That derived from the sale of bonds and
the cost of the steamer-$1 1856, 900
minus s6OC,O0O. equal $4,000.
| We have obtained preliminary plans
FOR steamer about five hundred feet
long. sixteen knots speed, to accom-
modate between two hundred and three
hundred saloon passengers. and carry
about nine thousand tons of measure
lnent cargo and five thousand tons
| weight of sugar, with refrigerating
plant and special provision for carry
ing bananas. Such steamer we would
expect TO be up-to-date In every re-
, spcct, and be able to make the trip
In five and one-half days, and main
tain schedule of twenty-one days.
! We are, of course, not In position
, to obtain a definite bid but we esti-
mate the cost at $l,35O.OOO, including
/ interest charges.
! Should we decide to take ND this
enterprise. the placing of bonds would
n tt
the condition of the money market
would depend the rate of interest-five
20 six per cent. The owning company
TO make contract with the A.-H. s.
S. Co. to operate the steamer, paying
the All. S. S. Co an annual fixed
reasonable price, to be mutually agreed
upon, to cover administrative services.
and the full and free use of the or
ganization of the All. S. S. Co., which
company TO account to the owning
company for every dollar expended and
received, so that the actual net re-
ceipts of the passenger steamer will
go to the owning company. Officers OF
the owning company shall receive no
salaries.
The arrangement between the All.
8. S. Co. and its general agents. and
its general agents for the Pacific
Coast, shall be extended to the pro-
posed steamer; and satisfactory COM
mission arrangement shall be made
with the sugar shippers. A reason
able freight tariff shall be arranged
with the shippers. and the passenger
tariff shall be scaled according to ac-
commodations on the basis of a min
imum of $50 one way.
There shall be no passes issued to
anyone-not even to officers of the
I All. S. S. Co. II is vital that this
r;lle should be made at the outset.
! The All. S. s. Co., on account OF
the service 1t will establish between
San Francisco, Honolulu and Salina
I Cruz, with saiirgs every twelve days.
shall arrange so that these steamers
4 snail not conflict with the proposed
Passenger steamer in the freighting
/ business between San Francisco and
Honolulu.
There would, of course, be a con-
tract with the sugar shippers which
would guarantee the steamers full
capacity of sugar during the season.
BY an analysis Of the above, you will
readily see that less than four hun
bred thousand dollars would have TO
he provided by the Honolulu commun-
ity, while this company would have
TO provide, including the marketing OF
bends, over a million.
As there Is some prospect of the
Subsidy Bill passing the present Con-
gress, which might result In making
a large demand upon the shipbuiding
concerns of the country, It Is desira-
lie to bring this matter to head as
carly as possible.
! With the assurance that this COM
!, pany would do all in its power to pro-
vide most suitable steamer and give
o square deal all the way round, | am,
truly yours,
! Sgd. GEO. S. DEARBORN,
President.
October |, 1907