Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-03-02
Mineral
PRODUCTS With
fine PROSPECTS
C. G. Bockus, Back From In
Specti0n Trip, Tells of Com
pany'S Situation III

Returning on the Matsonia Tuesday
from an inspection Of the three prop
critics in California OF the Mineral
Products Company, Charles G. Bockus,
who handled the stock selling cam
paign here and is largely interested
in the concern, is enthusiastic and
more over the present progress and
future prospects.
Both in the construction Of the rail-
road which will carry out the large
mineral deposits and in the uncover
ing of additional deposits, the COM
pany is making good on the prom
ises TO investors, he points out.
In an interview yesterday he said:
The railroad contract, about which
there appears to have been some local
Misunderstanding is on strictly
yardage basis-so much for dirt, so
much for dirt and rock. and so much
for rock. H.. G. Ginaca, our assistant
engineer, believes that the road will
run under the estimated cost and the
construction is now ahead of time,
II. A. Edison, the chief engineer. esti-
mates the construction time at six
months, if work progresses as favor
ably as ii Is now doing. which Will
complete the road, % miles long, by
July |. = .-"-. .-.- .-..~.-..
@After an examination made by
John Watt, II. B. Giffard and myself
of Honolulu, w T. Jones, the original
locator of the properties, and Mr. Gin
ca. we were greatly pleased with the
showing of the silica deposits. This
was on our first trip to the properties,
made from Patterson, and on account
Of weather conditions was shortened.
The silica deposits are more than
satisfactory. There is a large tonnage
on the surface, J99.7 per cent pure, the
deposits more than bearing cut the
original estimates of 10000 tons,
easily minfd. The grade of the hill
lends readily to economical railroad
shipment The silica deposit IS a oGut
I3 miles from Patterson Two mics
further are the magnesia deposits, an
the eastern side of the hill recently
opened, previous development work
having been done on the western side.
We found all the statements and es-
Inmates previously made fell EAR be-
low the actual facts Instead IF g.
100000 tons; 1t is safe to say that
there are 10000, 900 tons here.
Our next trip was from San Fran
cisco to Livermore and back by auto
to the manganese properties of The
company, on the upper end of the
claims We found practically an un-
limited supply of manganese. esti-
mates being that. $4,000 to 10000
tons are in sight There has been un-
covered 81 miles out from Patterson
deposits of chrome iron ore. The ell
gfneer estimates that 100000 TO l50..
900 tons are on the surface and can
be- developed at once and shipped out
as soon as the railroad reaches that
point, which will probably be in June.
There is no necessity now for talk
of dividends The money is IN hand
to complete the railroad and whan
transportation is provided then there
will be time enough to talk dividends. :"
OF the 100000 of stock. more than
$s,500,000 is held in Hawaii. Mr.
Bockus adds that the offer made by
d prominent banker of San Francisco
for an option recently was for an 1p-
ticn on the stock and not on the prop
erty The whole matter at that time
was closed off by direction of the d.
rectors in Honolulu The offer is like
ly to be renewed at any time the Of
ficers and stockholders desire it shall
be-"