The History of Cuba, vol. 5Johnson, Willis Fletcher
History
The History of Cuba, vol. 5
Johnson, Willis Fletcher
Cuba -- Economic conditions; Cuba -- History
A superficial survey convinced them that large areas of soft lime rock
land, covered with a thin layer of rich red soil, furnishing all the
elements essential to the successful growth of henequen, were to be had
in Cuba. Similar soils are found in Yucatan, where the average annual
rainfall and general climatic conditions are so nearly like those of
Cuba that it is fairly to be assumed that a crop which will do well in
the one land will also flourish in the other. In consequence, large
areas, in which Cuban, Spanish and American capitalists are
interested, have been planted with henequen in Cuba.
[Illustration: THE GOMEZ BUILDING
One of the finest business buildings in Havana is the great Gomez
Building, which occupies an entire block fronting upon the beautiful
Central Park and reached by way of the Prado. Although only five stories
in height, it vies in appearance and commodiousness with the best
business buildings in any American city. Its site was well chosen for
the display of its handsome architecture and commanding proportions, and
it stands in proximity to the National Theatre and other noteworthy
structures.]
The first planting on a large scale was done by the Carranza Brothers,
of Havana, just south of the city of Matanzas, about twenty years ago;
Don Luis Carranza having married a daughter of Don Olegario Molino, of
Yucatan, and thus having become interested in the characteristic
industry of the latter country. A company of Germans afterward purchased
the property and close by the railroad station erected a very complete
plant for the decortication of the henequen and the manufacture of its
fibre into rope and cordage of all sizes, from binder twine to
twelve-inch cables. From this establishment for years the Cuban demand
was chiefly supplied.
Shortly after Cuba, in 1917, followed the United States in declaring war
against Germany, the Spanish Bank of Havana purchased this property from
the owners, and at once increased its capital stock to six millions of
dollars; two and a half million preferred and three and a half million
common stock. At the present time the estate consists of three
plantations on which henequen is grown, located at Matanzas, Ytabo and
Nuevitas, with a total area of 120 caballerias or 4,000 acres of land.
It is said that owing to the demands of the European War, and the rise
of the price from 7¢ to 19-1/2¢ per pound, the net returns of the
Matanzas Cordage Company the first year after purchasing the estate
amounted to $800,000.
Public-domain text, read in full here on John Shaqi.
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