Newspaper Article: Another South Sea Isle Fated for Paradise

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Title

Newspaper Article: Another South Sea Isle Fated for Paradise

Description

This brief account details plans for a resort to be built on Palmyra. This is not the first account of someone trying to establish such an enterprise on Palmyra, but it is the first serious and documented effort since the Naval occupation.

Source

Newspapers.com

Publisher

Press Democrat

Date

October 5, 1961

Rights

Fair Use

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Text

Plans developing Palmyra Island, 1,200 miles southwest of Hawaii, into a multimillion-dollar resort were announced today by an insurance underwriter firm.

A. Maxwell Klum, chairman of the board of Mercury International Insurance Underwriters, said negotiations to lease Palmyra from the Fullard-Leo family, owners of the island since 1922, were instigated in 1955. A 75 year lease was signed with representatives of the family.


The island will be developed by Polynesian Paradise Inc., a wholly owned subsidiary of Mercury. W. Richard Faris, an executive of Hawaiian Airlines and World Airways, will head the new company.

Palmyra, a possession of the United States, is made up of 52 islands which form a semicircle surrounding three lagoons. Geographically it is part of the Hawaiian archipelago and was a major U.S. naval base during World War II.

Over-all length of the chain of islands is approximately six miles and it is connected by 18 miles of causeways and roads.

Palmyra, located in the center of a triangle formed by Hawaii, Tahiti and Samoa, has deep water anchorage in the lagoons and a 6,000 foot airstrip capable of handling medium jet planes.

Development will include a large resort hotel, marinas and residences.

Klum said that in addition to deep sea sports fishing, water skiing and other water sports, “We even have the romance of buried treasure. Documented reports exist which indicate that ingots of Peruvian gold and silver were buried on the island."

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Citation

“Newspaper Article: Another South Sea Isle Fated for Paradise,” Palmyra Archive, accessed September 21, 2018, http://palmyraarchive.org/items/show/194.

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