A SUGAR KING
It was estimated three years ago, when the buaineaa wa. at its height, tbat Spreckle mads 600 barrels of sugar every day, eaoh barrel worth £6, thus giving him a daily revenne of £3600, or £1,314 000 a year. His profits were a clear £_ on every barrel, making bis yearly Income £438 000. Now, however, tbe tr.)Sts have dwindled sadly, as the railroad companies oan no longer make aprolal oontrao's with him, and a rival augar refiniog company is competing with him fo* tha control of the sugar interests on the islands. King Kalakaua, after borrowing £150.000 from Sprecklpn, has recently negotiated a loan of £400,000 with English capitalists, a proceeding that led to a violent quarrel between tho monarch and bis money-lender. So long, however, aa the reciprocity treaty with Hawaii oontinues m force, IS preckles will ooin money out of his sugar interests. It ia estimated tbat he is worth £5,000,000, a large part of whioh is invested ln plantations, machinery, steamships, and sailing vessels.
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https://paperspast.natlib.govt.nz/newspapers/AG18880118.2.24
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Ashburton Guardian, Volume VII, Issue 1743, 18 January 1888, Page 3
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170A SUGAR KING Ashburton Guardian, Volume VII, Issue 1743, 18 January 1888, Page 3
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