Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1895-08-09
CABLE SCHEME is OUT
COLONEL sPALDING WANTS An
EIGHTEEN MONTHS OPTION.
Also FIFTY Thousand Dollars II Year
and an Exclusive Franchise
for Twenty Years.

ColOnel N. ,. Opalulngj VINO nus
become an absentee sugar mag
nate of Hawaii, lately dropped
down in the midst Of his old
friends and neighbors, after living
for several years in thegreat cities
of the world. He was not here
many days when it was announc-
ed that he had Pacific cable
scheme cut and dried in his
pocket, which offered immediate
if not sooner telegraphic commu-
nication not only with San Fran
cisco but between the habited ISL
ands of this group. For several
days the Government deemed the
Colonel's proposals of such sub
lime Importance to the public
that it was afraid to trust the
public with the particulars. At
last the Government recovered
from the shock and yesterday di-
vulged the portentous mystery.
In all substantial respects the
| proposals of Col. Spalding are as
follows:
He has in his possession full
information of the style Of cable
required for the route to San
Francisco, also that of one suit
able to connect these islands.
Also full figures from the Tele-
graph Construction Company,
Limited, "the largest cable con-
struction company in existence" ="
of the cost of laying both lines,
and of cable repair ship. And,
withal, he has made conditional
arrangements for securing all
money necessary to construct, lay
and equip such lines and ship" !"
The conditions of the financial ar
rangements are the securing of a
certain amount of subsidies from
the governments interested, CAS-"
he says, cit is manifest that for
some time, at least, the enterprise
cannot be self-supporting,"
The terms of contract between
the Hawaiian Government und
himself are as follows: He will
bear all the expense already in
Cured for getting information
and any further expense neces-
sary for the same purpose. He
will conduct all negotiations with
other Governments, with cable
engineers and constructors, and
with financial agents. He will
undertake to provide all the
capital without any assistance
from this government outside of
its subsidy. His preliminary ar
rangements are to be completed
within eighteen months from Oc-
tober 81, 1895, and both cable
systems will be in operation eigh-
teen months thereafter, say Octo-
Der 81, 1898. He will under
take to maintain both systems in
good working order, without ex-
pense to this Government, for
20 years. And if there should be
any suspension in the working of
the cables for more than ninety
days. the subsidy is to be sus-
pended at the rate of $4,000 a
/ year for the inter-lsland system
and $40 900 year for the line to
San Francisco. If the Interrupt
tion sh II continue for one year
after such ninety days, the Gov
ernment shall have power to can
Gel the contract.
The Government will have it's
messages transmitted free, at
regular rates, up to $50 900 per
annum. A maximum scale Of
charges for the inter-island sys.
tenn is to be agreed upon and in
serted in the contract. The scale
of charges over the San Francisco
line will be fixed in his contract
with any foreign government
contributing a subsidy to such
cable, with the usual conditions
regarding reduced rates for press
messages, etc." Col. Spalding will
deposit security in $4,000 OF Ha
waiian Government bonds, which