The Hawaiian gazette., 1912-09-13


H fHfHI fltf sitH rf 4Hfi
i.f TIfai HIi 81 iNf 'fH.
H sHfHfa rshf ffhH aHtN oHt
tf Nftf Hii ftt haiFt foi
~ ff fH ei rlsnilrF htftrsiinf.
hsaiihf nshHfatiHnne th.prnF ari
eHfe fiH CO. Hiie having
tt rfit nHdf Ne an experienced
Will tiirrff ffaHrf llr thought ihs
price Was shout flFhi This wat an "a.
pertinent under which tontfaft VS.
If M IA Tive rrnfs ago.
"r0uld sou not handle ihs man p sn.
cor rfofiahly fof Jess than s90t' in.
quifed NJ. Ashford
"No. replied The manager.
The expense u manufacturing the on.
gar w the mill was e. per ton. The
mill turned out about 1000 tons 81 40.
gar week, when running full blast.
Mr. Goudhle then vent into a long
statement Of prices ~ 20 preparing land,
harvesting and marketing. Under the
direction Of Secretary Fisher Mr.. Good.
ale gave testimony concerning prices
Tor sugar, hasing il on ESQ ton, al.
though he said the average for ten
years was $40. liasinR the yield az
six tons Of sugar per acre, the cost Of
production per acre IL t263.l4. This in
cludcd ON l.ton basis, planting, Sl.70i
delivering water upon the land, $5.4l ;
ploughing a.; maintenance of bitches
and reservoirs, "a cents; cultivation,
s922; fertilizer, 6.57; harvesting,
$3.50; manufacturing. s4.73; sanitation,
% cents; repairs, 81 cents; sundries,
taxes. legal expense, $3.50; depreeia-
ton. s3.25 II cost Sl2 a ton to get su.
gar 60 New York, costing $72, for six
tons. with all deductions this would
give profit of S24 ton according to
Secretary Fishers figuring.
The Secretary could not quite recon.
ellie the figures, believing the companS
was operating at a loss, but he was cor
roctlv informed as the discussion went
along. Mr.. Goodale explaining the sys'
tern of capitalization, bonds and other
means hv which the company had beeu
financed The capital was S4,50O,OOO
md the proceeds of bond issue and ac'
crued profits put into IL made II now Q
~ 100000 plantation. The stock sells
in the market at 1925.
The manager said the company was
able 20 keep the wolf from the door, al
though IL was ten years after startlns
before dividend was paid. The first
was paid in 1908 and regular twelve
per cent. dividend is now being declared
on the 81 100000 stock Issue.
GAS to homesteaders, said MT
Goodale, 81 was thinking particularly
of those we have here in the Islands
rather than those who might come here
from abroad
once Boy TO President.
II remained for +. FaXson Bishop
nresident of c. Brewer & Co, factors
for over 5000 tons of sugar annually
10 ustart things and TO be the one
through whose answers Secretary Fish
or turned his attention to questioning
Delegate Kalanianaoie and Governor
Frear as to their views on the governor
shin. Mr.. Bishop in answer TO MI
Fishers questioning said he had enter
ed the firm as an Office boy and was now
president Of the corporation.
| His views on financing of plantations
methods of setting aside dividends by
the sugar companies and homesteading
were FIRST obtained He said the more
he Thought about homesteading tnt
more he was befuddled. He thought
that one of the causes for failure II
homesteading was due largely to the
consequences of misrepresentation.
"After annexation our campaign
orators started the bali rolling" ht
said, "by imbuing the people in the
Islands with the idea that it was the
American policy to divide up the pull
lie lands amongst the people and put
them on them. AS is frequently the
case with people conducting politiea
campaigns, they told the people things
that were not facts They started il
with this homesteading idea. Then a
law was made, and this was bad ar
rangement. Even an attorney here
says he can not say what are the laws
and statutes bearing on demonstrating
without the book before him. The law
on this subject is top heavy. If you
! have got to have homesteading law
it ought to be fairly light. The PEG
PIE don't like the idea of waiting ten
years to have a title passed to them.
The Flock of Goats.
"This idea that the pubic lands
under an American policy, should be
divided among the people, took very
strongly and then came law providing
for dividing up the lands. People jump,
ed in and signed petitions for home.
steads to go on the lands without real.
izing what they were up against. They
thought it a snap. When it came to
getting a title which 1nvoived comply.
ing with the provisions of the law they
ran up against a snag and then somebody
had to be the goat-and the goats in
this case were the Governor and the
planters"
"Then it was a whole flock of
goats" volunteered Secretary Fisher
Land Speculation.
"My idea of demonstrating" con
tinued Mr.. Bishop, has been all aiong
to take up land which like that IN the
great west was land then almost
valueless. On Hawaii people want tc
pick out the best of the lands. These
cane lands which the Territory leased
to the plantations twenty and forty
years ago, and which the Territory
wanted to have developed, were unde
veloped them, and they have now be
come of great vaiue. 1t seems to m,
that when these hOmesteaders went af
ter that class of land they were moi