Citation
Letter from Charles E. Adams, President of Taco Bay Commercial Co., to Thomas J. Hammond, 27 February 1915

Material Information

Title:
Letter from Charles E. Adams, President of Taco Bay Commercial Co., to Thomas J. Hammond, 27 February 1915
Creator:
Adams, Charles E.
Publication Date:
Language:
English

Subjects

Subjects / Keywords:
Cuba ( fast )
Plantations ( fast )
Stockholders ( fast )
Sugar trade ( fast )
United States ( fast )
Plantaciones ( qlsp )
Accionistas ( bidex )
Industria azucarera ( abne )
Estados Unidos ( qlsp )
Genre:
commercial correspondence ( aat )

Notes

Biographical:
Taco Bay Commercial Company was an American-owned agricultural enterprise with extensive property holdings in Cuba from 1903 to 1920. The company had 21,000 acres of mostly cocoanut trees and cocoa plants with a small amount of sugar cane on its plantation near Baracoa in easternmost Oriente province. Its headquarters was in Boston with a major branch office in Jacksonville, Florida. The company was renamed Taco Bay Company following its sale in 1916 for $25,000. Initially, directors of the company viewed the land as a safe investment and neglected to manage the holdings adequately. This oversight manifested itself in low crop yields in the early years, poor on-site management, and ongoing boundary disputes resulting from inadequate surveying and difficulties with Cuban officials. At least 7,000 acres were in dispute in 1912 with an additional 5,000 to 6,000 possibly included. Ultimately, Taco Bay regained the disputed property. The company president and the property manager both were replaced at about the same time. The directors of Taco Bay Company conceded that they had neither the time nor the energy to oversee a plantation that continued to develop and increase in value. They sold the company to a group of investors in 1920 for $200,000 and the collection terminates at the point of the sale.
Biographical:
La compañía Taco Bay Commercial Company fue una empresa agrícola norteamericana con extensas propiedades en Cuba durante los años de 1903 al 1920. Su plantación estaba ubicada cerca de Baracoa en la parte más oriental de la provincia. La compañía tenía 21,000 acres mayormente de cocoteras y plantas de cacao y en menor cantidad tenían caña de azúcar. Su oficina central se encontraba en Boston con una oficina importante en Jacksonville, Florida. En el 1916 la compañía fue vendida por $25,000 y fue renombrada como Taco Bay Company. Inicialmente, los directores de la compañía no administraron adecuadamente las propiedades porque consideraban que la tierra era una inversión segura. Durante los primeros años, este descuido se manifestó con bajos rendimientos de cultivos, la mala administración del sitio y las continuas disputas fronterizas que resultaron en inspecciones inadecuadas de las tierras y en problemas con funcionarios cubanos. Al menos 7,000 acres estaban en disputa durante el año 1912 con 5,000 a 6,000 acres adicionales. Finalmente, Taco Bay recuperó la propiedad en disputa. El presidente de la compañía y el gerente de la propiedad fueron reemplazados al mismo tiempo. El director de la compañía Taco Bay reconoció que ellos no tenían el tiempo ni las energías para supervisar una plantación que continuaba desarrollándose y aumentando su valor. En el 1920 vendieron la compañía a un grupo de inversionistas por $200,000. La colección abarca hasta el momento de la venta de la compañía.

Record Information

Source Institution:
University of Florida
Rights Management:
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Full Text

PLANTATIONS AT TACO BAY. SANTIAGO PROVINCE, CUBA.
OFFICE OF CABLE ADDRESS-TACO.
TACO BAY COMMERCIAL COMPANY, CODE, WESETBRN TNION.
68 ESSEX STREET, TELEPHONE 1270 OXFORD.




BOSTON, Feb. 27 1915












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Full Text
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