LANAI SOLD FOR A MILLION DOLLARS.
Last week Monday, it was confirmed that Lanai was purchased by Hawaiian Pineapple Company [Hui Halakahiki Hawaii] for the price of a million dollars.
The two owners of the island, except for a remainder of but a thousand acres, are Frank F. Baldwin and H. A. Baldwin, giving them ownership of about 130 square miles.
Included in this purchase was the land, animals, and the buildings of Lanai Ranch [hui hanai holoholona o Lanai].
The main purpose for buying the island of Lanai was to plant pineapple, but for the time being, the company will explore planting pineapple in Waialua, and within three or four years from now, they will think about planting pineapple on Lanai; but for now, ranching will continue on the island.
Before Lanai becomes a pineapple island, one of the things that the pineapple company must think about first is the building of a proper pier, and at the same time, to do test plantings of pineapple at different places to see how the pineapple grows or does not grow.
(Kuokoa, November 23, 1922, p. 3)