The Daily bulletin. [volume] (Honolulu [Hawaii]) 1882-1895, 1888-02-10
COPIES OF COLONEL MACFARLANE's
AND MR.. WILLIAM wILDER's CABLE
GRAMS OBTAINED.

--e-e-e-
Much interested was manifested
by our community on the arrival of
the Australia, for news from Lon
don regarding the probable success
of the three important Hawaiian
schemes, expected to be placed on
the London market; viz: the Homo
lulu Street Railroad, the Hilo Rail
road, and Dillingham's Colonial
ton Scheme, but which were await
ing the arrival and delivery of the
National Bonds before any attempt
would be made to induce English
capitalists to invest further in Ha-
waiian securities.
Our reporter has been busily en-
gagged the past two days in getting
at the facts for publication, and in
answer to many enquiries from SUBJ
scribers, can now give substantially
the news in brief, which has been
obtained from the parties most
directly interested.
The impression seemed to have
spread last Wednesday that Wilder
and Dillingham; had received dis
couraging news, and that only the
Street Railroad was likely to GO
through, but news on the whole very
favorable has been received.
First, as to the Street Railroad,
Mr.. Macfarlane says this is actually
"au fait accompli." The rails at
last advices were being rolled and
all material preparing for shipment
by February vessel. Every effort
is being made to complete a,
least six miles by September, and
Messrs. Fowler & Co. have sent
him full instructions to push ahead
with all the details, they having
taken hold of the enterprise in full
earnest. Mr.. Armstrong writes t.
Col. Macfarlane that the company
has been formed by private sub
scription, and its shares will sooI
be placed on the London Marke
under syndicate guarantee.
Second: Mr.. Wilder's Hilo Rail
road is an assured fact, as Col. Mac
farlane's cable message would seen
to Indicate; it reads:
London, Jan. so,
11.56 A. NJ
Z" Macfarlane, Honolulu,
Wilder's Railroad accepted Ma
thesons." SKINNER.
Mr.: William Wilder's cable O
same date, reads,
London, Jan. 80.
8.45 A. NJ
"Nothing settled.
WILDER"
These messages seem to be con
Trajectory, but Mr.. Wilder nov
agrees with the following explana
ton of Colonel Macfarlane's, viz,
That Mr.. Wilder's cable was dies
patched early in the day, t.
catch the Australia, it having
been sent before business hours
while Mr.. Armstrong who risked
close connection with the Australia
forwarded his cable three hour
later, 11:56 A. NJ. must have cable'
the result of a meeting held tina
day, with Mathesons, and Skinne
& Co. Mr.. Wilder knowing tina
Mr.. Armstrong had cabled the resul
to Col. Macfarlane did not think
necessary, to report it to his brothe
here.
Col. Macfarlane says his messag
admits of no ambiguity, and is de
finitely expressed. In answer to on
reporters enquiry, as TO whether til
message means that the Bonds G
Wilder's railroad had actually bee
foated, Mr.. Macfarlane reptile
"No" it means that the scheme ha
been accepted by Mathesons fo
syndicating purposes, and there
no fear, but what a syndicate wa
already formed before Mathesou
accepted the terms-this is the usu'
custom. AS for the floating of tn
Bonds, this is virtually settled whe
Syndicate fathered by Math,
sons accept scheme, as
the event of the public not ,"catcl
ing on" or subscribing for I'll
bonds or shares, the syndicate hay
to take them aud furnish the none
to the Issuing House. 1t was tn
that took Mr.. Wilder and myself {
long to beat into tho heads of SON
OF our astute Hawaiian linancie
, and would-be statesmen, wi
, thought all London was crazy
subscribe for Hawaiian Bonds"
= slave the National Bonds bee
delivered to the London Stock f.
changer" queried our report
again.
eyes, by this time. My late
, letter from Mr.. Armstrong, dat,
. January l4th, says, the Bonds h,
, arrived that day, and would be d
I, livered in two or three days, aft
, being stamped and recorded
Somerset House"
HWhat about MIR. Dillingham;