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

CnarleS G. BOckuS, WHO TetuTued
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 q great many ques-
lions relative TO Mineral Products
Company Some of these queries are
entirely to the point, while others are
merely based on street gossip. For
the benefit OF the local stockholders
desire to make the following state
| ment: 49,. - I'LL
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 IL will then be in full
running order; the Ginaca process has
been brought to. q 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 a
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-
tinues 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 sof 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.
Now, 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 a 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 S6.93, but when it
goes above 80 per cent the price ad.
vances very rapidly.
1T is obvious that No. 8 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 it 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 It is confidently /
hoped the company will be producing !
its most valuable material-manganese |
dioxide. A contract for the delivery
of a large amount of this chemical |
daily is very fine piece of CONNER.
cial paper, and this may easily avoid |
any loan on the company's account at I
all. No suit against the company Is i
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 per ,
sonal affair, and, from what l 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 a process for /
the manufacture of magnesia chloride,
which will be the next chemical put :
on the market by the company. MI. !
Ginaca and Mr.. Pratt are very well i
pleased with the selection of Mr.. An /
derson as manager of the company, ,
and they both told me that they great
Nv 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
been spent on the development OF the