Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-03-02

VI.
this week from California and Utah,
where ne inspected the mineral prod
ucts and Montana-Bingham mining
properties, said today:
Since my return from the Coast /
have been asked great many ques-
tons relative 10 Mineral Products
Company. Some of these queries are
entirely to the point, while others are
merely based on street gossip. FoT
the benefit of the local stockholders
I desire TO make the following state
ment: ~ ~
There is nothing whatever the mat
ter with the company, apart from the
facts that more money has been ex-
pended on the different features OF
the company's development than was
originally estimated, and more time
has been taken in getting the COM
pany's products on the market than
anyone ever figured. Apart from the
extra expense and the unforeseen de-
lay there is not one single good reason
why the company is not in far better
condition today than at any previous
time in its history. The main railroad
is completed and paid for; the dioxide
factory is finished and awaits the
manganese ore from the company's
deposits, and it will then be in full
running order; the Ginaca process has
been brought to very high point OF
development, and is now capable Of
turning out manganese dioXide 81 per
cent pure; the Ginaca process agree
ment has been signed, thus giving the
company exclusive use of this eX-
tremely valuable discovery; chrome
ore is still being mined, and a new
offer has just been received from the
Carnegie Steel Company asking for
contract with the company. on an in
creased basis of three dollars ton
above any previous price paid for this
ore. The tramway is within 5000 feet
of completion. and, if the weather con-
times good, the tram will be finished
within a week, and the manganese ore
will then be carried direct to the fac
tory and manufactured into dioxide.
"Mr. Robert Anderson left in the
Manoa last Tuesday to take charge OF
the company's affairs, and bring its
business organization to the same
point of perfection as its mechanical
and chemical features. and those who
know Mr. Anderson are confident of
his ability to accomplish everything
he undertakes to perform.
aNow, then, here are answers to the
questions asked me most frequently:
Manganese dioxide Of the degree OF
purity turned out by the Ginaca pro-
cess is worth $500 ton at Patterson,
and there is great demand for it
from the most reliable chemical firms
in the United States. The degree Of
purity of manganese dioxide fixes its
price. Dioxide of so to 80 per cent
brings comparatively low price. The
United States Pharmacopeia standard
for this article is S693, but when it
goes above 80 per cent the price al.
vances very rapidly.
/ 1T is obvious that No. sugar, such
as is turned out in the old mills in the
Philippines, can not possibly bring the
same price as No. ! sugar, and the
same conditions apply to the high
purity chemical manufactured by the
Ginaca process. The company is not
going to levy an assessment. If any
more money is required 1t will be Sc
cured in the regular form from the
bank with which the company does
business. There is cash on hand to
carry the company until the middle of
March, by which time 1t Is confidently
hoped the company will be producing
It's most valuable materiaEmanganese
dioxide.- A contract for the delivery
of large amount of this chemical
daily is a very fine piece of CONNER
cial paper, and this may easily avoid
any loan on the company's account at
all. No suit against the company Is
contemplated by Mr. Rankin, who
owns process for making manganese
dioxide.
There is some difference of opinion
between Mr.. Rankin and Mr.. Ginaca as
to some of the information used by
Mr.. Ginaca, but this is purely PEI.
sonal affair, and, from what ] learned
from Hiram w. Johnson, Jr., the COM
pany's attorney, the contention has no
merit whatever. Mr.. Ginaca is now
hard at work perfecting process for
the manufacture of magnesia chloride,
which will be the next chemical put
on the market by the company. Mr..
Ginaca and Mr.. Pratt are very well
pleased with the selection of Mr.. An
derson as manager of the company,
and they both told me that they great
ly admire him, and believe he will
give valuable service to the company. |
$50. once more | repeat, There is
nothing whatever the matter with Min
eral Products. Three hundred and
thirty thousand dollars have already