The Maui news. [volume] (Wailuku, Maui, H.I.) 1900-current, 1921-09-13

Raymond Ranch, the vast and
splendid estate on the slopes of Ha-
leakala, recognized as containing
much of the finest grazing lands on
Maui, which means in the Hawaiian
Islands, with all of its herds of grand
Hereford stock, its equipment, slaugh-
ter houses and cold storage plants and
its many acres of splendid agricul-
tural land is to be incorporated, to
pass into the hands of a company, it
is announced by DR.. J. II. Raymond.
a stock company is to be formed and
DR.. Raymond expects the new com
pany will be operating the ranch
within 80 days, by the first of the
year. Control of the company, ma
jority of the stock in new company,
will be held by the present owners
of the property, the minority Of the
stock to be offered TO the public, sub
scriptions opened, it is expected, by
the first of October.
Reasons for Course
In making the announcement DR..
Raymond said that he purposes en-
tering business in Honolulu in the
near future and that his son, Harvey
Raymond, is to enter a mainland med
ical college and will become a ply
sician, his tastes running in that di-
rection and being of studious trend,
rather than leaning toward ranching
and agriculture. He added that plans
for extension OF operations, enlarge
ments and improvements demanded
much more attention than he feels he
can give to the project. The forma-
tion of a company for it's proper and
more profitable conduct appeared the
best way out.
For years DR.. Raymond has desired
to incorporate but the thousand acre
clause in the Organic Act barred the
way, for the holdings of himself and
his wife, in the hands of their trust
ees, amount to more than $4,000 acres
of land in fee simple and more than
10000 acres in leased lands besides
Kahikinui Now that the Organic
Act has been amended to permit cor.
porate holdings of more than 1000
acres, the way for incorporation is
cleared.
1t is about 20 years ago that Dr.
Raymond secured by purchase Ulu,
palakua Rose ranch formerly the Ma
kee Sugar Company holdings, Auwahi
containing about 5000 acres and the
Kahikinui leased lands. He combined
them and built up the present splen
and his wife but is held and conduct
ed by trustees who are G. D. Lufkin,
d. IL. Case and DR.. j, II, Raymond.
Relations With Bank
At that point Dr. Raymond said
that the new company is not being
promoted" by the Bank of Mau
though the trustees of the ranch are
directors of the bank. The trustees
will hold the majority stock in trus
for himself, Mrs. Raymond and theil
heirs. He emphasized that the incor
poration makes no difference with his
relations and the ranch's relations
| with Mr.. Lufkinsand the Bank of Mau
and said but that for the splendid ant
continued support the bank had ac
| corded him in past years he coul(
not have brought it to the condition
| in which it now is, ranking among thu
foremost in the Territory. 80 while
| the bank is in no wise promoting The
| company, | want it understood tha
| relations with it We're never more cor
| Qlal Indn To-Day, he Sdlu.
| The money from the stock sold will
go to redemption of bonds and to en-
larging the scope of operations o
Raymond Ranch, DR.. Raymond says
He and Mrs, Raymond leave practi
cally all that they have in the rancl
and the new company and in conse
quence his interests and hers are in
separably tied up in it, their income
being dependent upon its profits.
Magnificent Property
In the upper lands of Ulupalakut
and the other ranch holdings ther
are acres upon acres of land that ar
covered with cacti and kiawe whicl
make an ideal feeding range for cal
tie at all seasons of the year, no bet
ter to be found in the Valley Isle, an,
food there being always in abundance
The herds are white faced HerefordS
many of the bulls being impOrte
from the mainland, of the finest stocl
for the owners have spared no el
pense in improving the stocks of tn
herds and some of the cattle hav
been shown in successful cOmpetitio
with the best at the fairs. For
years he has specialized on Here
fords.
One OF the plans to be put into e
feet will be the planting OF 200 acre
to alfalfa, that crop having been trie
out and proved a success. II viii b
used in fattening in connection wit
the present fattening feed Of bea