Evening star., 1907-11-17
FRUIT FARM IN CUBA
COMPANY TO TEST ISLANDS
PRODUCTIVE QUALITIES.

uinS for several weeks the Havana Wash
ington Fruit Company, a new ewly-organized
concern which has secured a large tract
of fertile land in the northern part of
Cuba for fruit-growing purposes, will be
gin the sale of bonds in this city for the
purpose of raising funds for preparing
planting and cultivating its land This
company"has no stock for sale 1t is all
taken. and chiefly by prominent Washing
tonians but the plan is to issue and sell
900 bonds of the face value of 5000 each
which bonds will. according to the agree
ment OF the company. bear interest at the
rate OF Il per cent, and will be secured by
hrst mortgage upon all the lands and
property owned by this company in Cuba
lhe bonds will be registered with the
United states Trust Company of this city
as further means of assurance and pro-
tectioh TO the subscribers, and in addition
70 the 4 per cent interest it is the ex-
pressed intention of the company to pay
each bondholder from the net profits of
the company from time to time until each
pondholder shall have received the total
caSh of $500 upon each bond After that
shall be done, the bonds will be retired
ana redeemed by the company and in line
thereof the holders will be presented with
certlHcates of stock equal to the amount
OF the bonds. No dividends will be de-
y
capital stock until all the bonds shall be
retired and redeemed
Assured of Success.
The majority of the orange and other
1rult plantations of Cuba are located in
the central part of the island, which
makes transportation somewhat difficult
In this respect the tract of the Havana
Washington Company Is looked upon as
fortunate, as it not only has Havana at
close range, but in time can ship direct
from the plantation to New York by
means of the Marel bay. The entire tract
OF 1l36 acres is rolling land, rich soil
well drained, and has three streams of
water running through it. The latter is
looked upon as quite an item. The one
great difficulty with the fruit plantations
IN the central part of the island it is said
is the lack of water
Inc company proposes to grow only pine
apples, lemons, grapefruit and oranges
At the present time it is it's intention to
devote $50 acres to pineapples, 300 acres
to lemons, 200 to grapefruit and 200 to
oranges. According to expert fruit grow
erS and agrlculturiStS the climate of Cuba
is betlfr adapted than any other land to
the cultivation of citrus fruits 1t is
blessed with balmy sunshine the year
round, with rains occurring at the right
time and at the season of the year most
beneficial to such fruits as pineapples,
lemons. grapefruit and oranges The
company predicts that Cuba will become
the great fruit garden of the world
Climatic Conditions.
Hal /. T. Heard, fiscal agent of the
Havana Washington Company, who has
visited the land several times within the
past year. says Cuba Is far superior to
California and Florida for the growing
or citrus fruits because Of the absence of
al Danger of frost In speaking of the
climate yesterday, he said the tempera-
ture ranges from 90 degrees maximum to
40 degrees minimum. with an average of
50 nigh and t2 low. Regarding the land
owned by his company, he says it has the
advantage of ocean breezes mingled with
balmy atmosphere of the interior, and
the air is delightful and fresh the entire
twelve months of the year.
Company Officers.
The officers of this company are: Pfesi-
dent. Ashley NJ. Gould. Washington
D. c., associate justice, Supreme Court of
the District of Columbia: vice president,
Bartholomew F. Smith. esq.,; secretary
Frank i. Day. Ph.D.; assistant secretary
James S. Fraser. washington, D. c.:
treasurer. Richard E. Claughton: at.
torneys. Leckie. Fulton & Cox, Washing
ton, D. c.: general counsel. Greed NJ Full
ton, esq. Washington. D. c.: Cuban coun-
sci. Fernando M. Vidal. esq, Havana,
Cuba: depositary. United States Trust
Company, Washington. D. c.
The directors of the company are:
Arthur r. Thompson, James D. Rich
ardson. Thomas C. Noyes, Richard
Claughton. John B. Dahlgren, Luke
c. Strider, Arthur ]. Dodge. ]. Kyle Full
ton, Ashley NJ. Gould, Joseph w
Cox. Bartholomew F. Smith, James S.
Fraser. Greed NJ. Fulton. Frank L. Day,
Ph.D.