The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1896-11-13

cable, and without delay, but I've no
idea that long option will bring it to
us very quickly
r Charles NJ. Cooke, leading CAPT.
talist, and member of the firm of Lew
ers & Cooke, was the only person ques-
toned who favored more time being
given.
II believe in giving Col. Spalding an
other chance" he said, because l
think the experience he has had will
help him when the matter comes up
again. Why do l want him to have
more time? Because he is an Ameri-
can, and am in favor of the line be-
ing built and operated by American
capital. Col. Spalding worked hard to
get bill through Congress, and failed
because another company came in.
They knew the Colonel had the inside
track in Hawaii, and made him prop
osition to join them, but he declined
it. This was when negotiations were
first opened in Washington. Later,
when Col. Spalding saw how things
were going, that the, New Jersey COM
pany had the best of it in Congress, he
made proposition to them, reconsid-
ering his refusal to combine with them
and asked to join. As everything
pointed with favor to their getting
! subsidy from the United States, and as
they believed Col Spalding could not,
they declined his offer. l think all this
will help him next time. If he fails to
pull it through it will be loss of a
| st GTE mn %
has spent that much in trying to get
the bill through. He has been to Eu-
rope number of times, and has re-
tanned a firm of New York lawyers
who don't work for nothing. / think
an extension of the option, say, for a
year, would be about long enough, and
then if work has not begun let him
forfeit $4,000, or even twice that
amount, but | would prefer the former
I l would say the same regarding the
loan which Mr.. Jones has tried to ne
+ gotiate He may come back here ant
, say he has failed to raise the money
) but 1 believe he should have an ex
tension over the time given him; hi
. has learned something by his expert
: ence, and believe he will do better
after election. l think he was Offered
, 81 for the bonds, hut had to refuse, be
+ cause it was less than the price fixeC
, by the Government, or he would hav,
to lose his commission. 1t seems to M
4 it is not right to give the option owe
! to some one else because he failed il
his first attempt. Massachusetts ha
o had similar experience to Hawaii il
4 negotiating her bonds, and if l mis-
o take not, the money was raised il
England at a lower price than wa
q originally fixed by the State Col
> Spalding may have no difficulty il
the next Congress, though he may hav
9 to fight the Atlantic Cable Companie
n to get his bill through"
v F. A. Schaefer was not in his OF
9 fee, but julius Hoting, a member c
S the firm, said he opposed the extensio
q mainly because he wanted to see tn
d cable go through, and if the Govern
ment carried out system of grantin
O franchises and extending them indef
Il nitely, there was probability of on
d waiting a long time before readin
O the first cable message. II am a Gel
man." he said, "but it makes no dill
# ference to us who builds the line Ha
q waits relations with the United State
! are such that the line should be bui
Y with American capital, but we will us
n it, no matter what kind of money goe
+, into the scheme