The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1889-07-23

dOLOL VI JuS dC4uC OdOIt SOuI pan, }
with capital of one million dollars
but with power to increase to a Iimi
of ten millions. Seven hundred
and fifty thousand dollars had beel
subscribed at the time of the appli
cation, representing three-fourths O
the capital; and all this had beer
done with a quietness that betokenei
a determination to push the enter
prise to completion.
The body corporate of the Pacific
Gable Company, so far as we know
comprises only residents of the Ha.
waiian Islands, or those who are very
closely connected with the interests
and commerce of this kingdom; and
when an enterprise is guided and
financially supported by the most
energetic and long-slghted Hawai-
ian capitalists, there can be "no such
word as fail"
Prominently on the list of share
holders mentioned in the Charter,
are: Messrs. w. G. Irwin, H. P.
Baldwin, H. A. Widemann, Paul
Isenberg, G.. N. Wilcox, John 7.
Waterhouse, James Campbell, P. G.
Jones, S. n. Castle, W, O. Smith, H.
F. Glade, Mark P. Robinson, Cecil
Brown, Thos. H. Hebron, S. NJ.
Damon, "and their associates" With
such an array of Hawaiian represent
alton, cable is certainty; and the
chief interest of the public now CEN
ters in the period of completion.
Large bodies, proverbially, move
slowly and hasty jumps need not be
but it is probably safe to
say that within a year cable com
with the Pacific coast of
America may be established, The
Pacific Gable Company, having
power to add to their number and to
increase the capital to ten million
dollars, will naturally float a portion
Of the stock in the United States and
possibly in Europe also. This pre-
iminary part of the business requires
lime; but when operations begin, |
he manufacturing and laying of the
3able need not occupy many months.
These works are done very quickly
when "hitches" do not occur; and,
the business energy of the
gentlemen who guide the enterprise.
We have stated the possibility of hav-
ng the cable established within
ear from this date.
The Pacific Cable Company's
harter empowers the corporation to
xtend the cable to Japan, but that
Dortlon of the work is too much in
he future for us to consider it at
bis time. Other trans-Pacifc cable
rojects are in the initiation stage,
nd the action of other cable syndi-
ates may modify the ultimate inten-
ons of the Pacific Cable Company
efore the latter part of its scheme
ttains fruition. Activity in one
will stimulate similar or
lore activity in others; and, al ,,
lough the Pacific Cable Company {
nder notice do not propose an ex-
.nsion of their line to Australia, J
cable from America to Australia is a
certainty in the near future. In
lis way it is possible that there
ay be three cable lines from the
oast to the Hawaiian Islands. and O
e laying of these will be greatly
celebrated by activity on the part a
the Pacific Cable Company now t,
That there Will even o
ally be cable lines between San f
,ancisco and Australia, and also
tween Vancouver and Australia, b
'es without saying; but it is not h h
any means certain that the latter D
Il touch at the Hawaiian Islands. v
d, if not, the one cable may do u, n
ty for the first division of the San o.
'ancisco line if there should be an u u
lalgamation of companies which is T
present highly probable. tt
In the meanwhile, the public is it
iefy interested in the Hawaiian
acifc Cable Company, whose tr tr
,ck comprises 10000 shares at 500 81
r share, and having a resident a a
at Honolulu composed in
President, Vice-President, Secre- az
y, Treasurer and Auditor. These h, h,
} part of the conditions of the is
Iwaiian charter, which stands for GL IL
y years from its date. Modifca-
ms, however, of the charter are o1
especially if large pro CO
.tion of the shares should be
ned in San Francisco and other TT
is of the United States, as it is &c
tain that the focus of manage ge