The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1884-04-10


published in yesterdays BULLETIN.
The letter was received with cries
of " wal"
Mr.. A. j. Cartwright said that
nearly two months ago, actuated by
an earnest desire to serve all who
were interested in telephones, Mr..
w. G. Irwin and Mr.. II. Water
house were appointed to confer with
representatives from the II. b. Co.
about amalgamation. They made
no propositions and no demands.
The reply of the IL. b, Co. had been
read and discussed before. They
talked now of concessions but none
were asked or granted. We only
ask fors cheap telephones and ask
them to guarantee to fix the rates
for certain time. We refused the
25 per cent. advance on our stock,
we don't want it. If we sought to
make money, as Mr.. w. o. Smith
had stated, we would have taken
that offer and not tried to prevent
them from raising the rates. We
are honest and don't want to squeeze
what we can from the public. Mr..
Cecil Brown has stated that | own
the property. 1t has been paid for
by our company's money and will be
transferred at any moment. 1t was
placed in my name TO facilitate the
assessment of lost values through
the widening of Merchant street..
Mr.. Widemann said that when he
read the BULLETIN he intended to
make no reply, to what seemed to be
q personal attack upon himself,
made by the I'll. B. Co. He could
carry it all on his back better
than they could pull him down.
He would not have gone into the
company but to obtain cheap tele-
phones and not make money. They
allege the value of their stock at
$50, 1000 which, | think, is q purely
imaginary value. Mr.. Berger and 1
started that company and carried it
through successfully. Their actual
paid up capital was $4,000, of which
the Honolulu shareholders paid S4,-
900. The II. B. Co. furnished an
invoice for 81 200 for which they
received $40 shares. When | left
the company their earnings, over
and above the running expenses that
had been paid, were $4,000. He
would bet that they had not spent
| S27, 900 since as only few new in
y struments had been put up. There
is no reason why our 100000 capital
should not increase and have the
same prosperity as the III. B. Co.
Mr.. Cassidy is the electrician of the
ii. B. Co. / am not an electrician,
but the bulk of our instruments are
the same as those of the III. B. Co.
We have few of another make, one
of which / lent to DR.. McKibbin who
required second, being a physi-
clan, and could not get one from the
III. B. Co. for four months. Our
electrician said that Mr.. Cassidy
wouldn't understand it as there was
something new in it, and he didn't,
although he examined it for two and
half hours. These new instru-
ments were made specially by firm
who wanted to secure our trade.
| The cables [ purchased are in con-
stant use in the Eastern States of
America. How long they will last 1
cannot tell, but the Paterson cable
has not yet been introduced to San
Francisco. Mr.. Cassidy assumes to
talk of our property which he has
hot seen; the cables are not un-
packed and the key to open the
cases of instruments is in my safe.
On motion of Mr.. Cartwright,
seconded by Mr.. j. II. Patty, the
following resolutions were passed
unanimously:
ResolUed. That the Board OF
Directors be instructed to give notice
to the Minister of the Interior, in
conformity with the provisions OF
the charter, that this Company in