Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-08-15
Sen. FAIRCHILD
PROMINENT In
: PHILIPPINES

: E
Ex-senator George H. Fairchild OF
Kauai, who has been identified with
several great development and agri
cultural propositions in the southern
Philippines for a year past, has now
hranched out to the extent that he is
strong factor in the formation of a
Company that is soon to operate four
steamers intended at present To ply
lin the Philippine coastal service and
/ to- take care of the diversified pro-
ducts from the big sugar and cattle
estates now owned by the capitalists
whom the former Hawaiian legislator
and sugar planter now represents.
Ex-senator Fairchild has become
identified with Edward II. Fallowsi
and others in the American Philippine
Company. It will be remembered that
the Fallows party passed through Ho-
nolulu some months ago, proceeding
and returning from an inspection tour
of the Philippines. The line of inter-
island steamers is to form nucleus
of the big fleet which they expect to-
build in time to meet the growing de-
mand for additional transportation.
The company now controls the great
San Carlos sugar estates in occidental
Negros. The Honolulu Iron Works
has but recently completed and ship
ped sugar mill to this point, the ma
ehinery leaving by several Pacific
Mail liners.
The America Philippines company
also plans to engage extensively sin
the cattle and lumber business in
Mindano, and are to have a great
plantation in the Bukidnon district.
They will establish a line of trading
stations on the. west coast of the
island Of Palawan.
The four 900-ton steamers to be
built will play a part in this work
and one Of them is to be a tank
steamer for the bringing of molasses
to Manila. It is confidently antici.
pated that 1t will not be long before
the company will be justified in the
building of two handsome passenger
steamers for the interisland trade.
after which will come vessels to ply
to and from the China coast, and fin
ally three or four 10000 or $4,000 ton
steamers, which will carry sugar to
the United States, and return with
IL.
All Of these plans, of course, are
tentative, except that which involves
the building of the four 90O-ton yes
sells. Still, the president and direct.
ors of the company are full of conf
dence and say that they have reason
for the belief that there is nothing in
the political situation which need
alarm those who intend to invest
money in the islands. When started,
the America Philippines company
was composed of about $50 capitalists
drawn from all parts of the United
States, and its capital (which may be
increased indefinitely was put at
100000 pesos. This number OF
members has now grown to over 300,
but the company retains its likeness
to club. for only by vote OF the exec
utiye body. is the participation of any
new man permitted.
Another novel and interesting fea-
ture of the company is the basis on
which 1t will enter into the various
forms of commercial activity found
or to be established in the Philip
pines. In every department of the
company's business the main organi-
cation will retain an interest of (say)
20 per cent, but individual members
may confine their interest and invest
their money IN any special branch
whether cattle. lumber, sugar, or any
other. Most of the men who are as
ISOLATED with it are specialists in
some line. and it is thus certain that
its efforts in every direction will be
backed by special knowledge.