His Majesty O'Keefe (1954)

In 1870, Yankee sea captain O'Keefe finds himself stranded after a mutiny on the Micronesian island of Yap, where the financial potential of copra (dried cocoanut) excites him. But a German company already has a monopoly...and very low production because hard work is alien to dwellers in paradise. On a later voyage, between affairs with island maidens, O'Keefe struggles to find the key to the wealth of Yap. But before he can carve out the empire of his dreams, he must also contend with assorted villains...