Name/Title
Pioneer Mill Company Stock CertificateDescription
Pioneer Mill Company Stock Certificate
Under the name of Campbell & Turton, the company grew cane and manufactured sugar. In 1865, Dunbar had left the company and the plantation became known as Pioneer Mill Company. By 1874, Campbell and Turton had added the Lahaina Sugar Company and the West Maui Sugar Company, a venture of Kamehameha V, to the holdings of Pioneer Mill Company.
In 1877, James Campbell sold his half interest to partner Henry Turton for $500,000 with agents Hackfeld & Company holding a second mortgage of $250,000. The company's charter was dated in 1882, but by 1885, Mr. Turton declared bankruptcy and sold the property back to James Campbell and to Paul Isenberg, who was associated with Hackfeld & Co. Mr. C. F. Horner was selected to manage the plantation.
In 1889, Mr. Campbell sold his interest to Mr. Horner, leaving Horner and Isenberg holding 3,000 shares of Pioneer Mill Company stock worth $600,000. They incorporated Pioneer Mill Company on June 29, 1895. Increasing rapidly in value over the years, Pioneer Mill Company was owned by 1,500 individual stockholders and valued at $5,000,000 by 1916. In 1918, Horner sold his interest to American Factors, formerly Hackfeld & Co., and in 1960, Pioneer Mill Company became a wholly owned subsidiary of the agent company.
(See Stock Certificate Notating "Incorporated June 29, 1895") with Paul Isenberg signature
Lot #3410 from Schuyler Rumsey Auctions, Inc. Sale #125 April 25-27, 2025
Hawaii, Revenue, 1893-94, 20¢ on 25¢ green, in combination with U.S. Revenue, 1898, Battleship, 5¢ lilac (R167) on 1900 Pioneer Mill Company stock certificate for one share, tied by purple handstamps, Very Fine.Created By
hawaiiancovers@gmail.comCreate Date
May 10, 2025Update Date
July 17, 2025
