The morning call., 1895-02-12
TO BUILD THE CABLE.
Formation Of a Company Of
CalifOrnianS.
HAWAII TO HAVE A WIRE
Provided Congress Will Consent to the
Scheme.
NOT IN SEARCH OF A SUBSIDY.
The Incorperators Merely Want Govern.
ment Authority to Go Ahead With
the Work Of Construction.

WASHINGTON, Feb. ia bill to incorpo-
rate the International Pacific Cable Com
pany for cable from California to the
Hawaiian Islands, and thence to Japan and
other points in the Pacific and the main
lands of Asia and Australia, was intro
duced into the House to-day by Represen-
tative Charles w. Stone of Pennsylvania.
The incorporators are William Alvord,
Samuel T. Alexander, Hugh Craig, Will
liam II. Dinond, Alfred S. Hartwell, Ed
ward B. Pond John Irwin, Ray Stone, A.
G. Halves, Herman Oelrichs, Charles r.
w. NJ. Buckner, G. /. Taylor, 0. D. Bald
win, Henry T. Allen, w. J. Adams, John
D. Spreckels.
The bill proposes to give the company
the right to hold the requisite connections
in the land offices and stations and exercise
such power as may be granted by any other
Government, with the provision that moth
ing in the action shall be construed to COM
NIT the United States Government to any
financial liability or guarantee of carrying
out its contracts.
The capital stock is to amount to $5,0O0,
600, in $4,000 shares of 800 each, with the
right to increase to 200, 900 shares by vote
OF two-thirds of the stock, and the stock
holders are to organize when 81 600 900 OF
stock has been subscribed for and 10 per
cent of the subscription paid in. Nine di-
rectors are to constitute the board, to serve
three years and hold their meetings in the
United States. The bill includes an author
ization for 5-per cent bonds to the amount
of 500 900 900 10 constitute first lien on the
property, and provides for annual report of
the companys affairs to the Secretary of
the Treasury.
The cable project has been the work of
Admiral John G. Irwin, who recently re-
tired from active service and at whose re-
quest Mr.. Stone introduced the bill. Ad-
miral Irwin has extensive interests in
Hawaii and Japan. Of the other incorpo-
rators Mr.. Hartwell is prominent lawyer
of Honolulu, who was at Washington in
1891, working in the interests of a cable.
Charles r. Bishop is the richest man on
the islands; Hugh Craig is a prominent
New Zealand capitalist; John D. Spreckels
is son of Claus Spreckels and the others
are prominent California business men.
1t is understood the incorporators will
endeavor to obtain subsidies from the Gov
ernments interested and will try to secure
the patronage of the United States for
their company. Representative Stone says
he is heartily in favor of the Senate pro-
vision for cable survey and does not
think the plan for incorporation of this
company need interfere with the Govern
ment's course or is necessarily antagonistic
to the Senate plan.
The House to-day on motion of Nc
| Creary voted to non-concur in Senate
amendments to the diplomatic appropria-
ton bill, including Senator Hale's
Hawaiian cable amendment and Speaker
Crisp appointed as conferees on the part of
the House McCreary of Kentucky, Hooker
of Mississippi and Hit of Illinois. The first
! two represent the administration, and are
therefore strongly opposed to the cable
project Immediately after the appoint
ment of the conferees McCreary said to the
CALL correspondents: ~ certainly am op-
posed to the cable amendment. l don't
see why the Government should build sub
marine cables any more than overhead
telegraph lines. Nine submarine cables
have been laid from the United States with
out Government aid, and so should this
| be.n
Mr.. Hooker expressed similar views.
Hit, however, is strongly in favor of the
cable, and says that he and Senator Hale
i will make hard fight for the amendment.
/ The other Senator conferees will be Black
| burn and Brice and although both voted
against Hale's amendment they will by
custom of the Senate feel obligated to carry
out the Senate's wishes.
The Senate will undoubtedly instruct its
conferees to insist upon its amendment, so
the result will be tug of war between the
! two houses, with fair probability that the
| Senate side will ultimately win.
| Senator Perkins will await the result of
| Senator Hales amendment before he intro
duces bill into the Senate similar to Rep
resentative Stones. He wants to give the
Government fair chance to build its own
| cable to Honolulu, and if this is done he
| saws that the parties who desire TO incor-
| porate under Stones bill will continue the
| cable from Honolulu to Japan and China,
but that if Congress does not build the
Honolulu cable these parties may construct
the whole line themselves. He said to-day:
1.-The men back of this enterprise
Messrs. Alvord, Irwin, Bishop and the
rest-are strong citizens morally and
physically and will push this enterprise
when once they embark in it.. need say
nothing of John D. and the elder Spreckels.
We have only to appeal to their patriotism
| and California's welfare and their pocket
books are opened. They are broad-gauged
men and their Inauguration and support
of the valley road merely illustrates to
what extent they will go when once the
people of California express their desires"
RECEIVED At TACOMA.