The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1896-11-16
WILL NOT TAKE FURTHER CHANCES
Guarantee to Bond Pur.
chase Not Considered.
Representative Men Want Different
ArrangementS-Do Want
Government Tied Up.

The matter of the cable franchise,
which has been laid before the Ex-
ecutive several times by Hon. John w.
Foster during the past week, was
| brought to a focus on Saturday, when
| it was discussed in the President s
room by a number of influential citi-
zens
Those who responded to the call
were L. A Thurston, B. F. Dilling-
ham. T. H. Lansing, DR.. c. b. Wood,
Hon. John w. Foster, F. A Schaefer,
Prof. Alexander, J. B. Atherton, Sen
ator McCandless, j. A. Kennedy, Cecil
Brown, c. Bolte, F. A. Swanzy, Chief
Justice Judd. W. G. Irwin, Alexander
Young, Senator H. w. Schmidt, Sen
ator w. H. Rice, Mr.. Kane, c. l..
Wight, John Phillips, Mark Robin
son, G. NJ Cooke, Paul Isenberg, II.
Hackfeld, Senator Henry Waterhouse,
General HartWelI, and a number OF
other business and professional men
were invited, but were not present.
President Dole and Ministers Smith
and Damon represented the Executive
The meeting was called to order by
President Dole, who stated that a new
arrangement had been proposed by
Col. SpaIding and his colleagues, and
before taking definite action the Gov
eminent had deemed it advisable to
consult with the business men of the
city. At the Presidents suggestion,
Attorney General Smith read the out
line of the new contract proposed by
the Pacific Cable Company, which or
ganization includes such prominent
Mayor Hewitt of New York, and Mr..
Hall of the Northern Pacific Railway.
This company propose that con-
tract be made with them by which
they are to have two years after the
signing of the contract in which to
obtain concessions from the Japanese
Government and from the Govern
ments of the Australian Colonies, rela-
tive to laying cables from Hawaii to
Japan and from Hawaii to Australia.
The company offers to purchase $375,-
ODU OF the new per CSHI CONSi hlIISLI
bonds-presumably at par-and to for
felt S125, 900 in case the inter-island ca
BILE is not laid within the year. If the
desired concessions from either or
both Japan and Australia are obtained
within the two years, the company
viii forfeit 1925, 900 in each case if it
fails to construct the cable within three
years thereafter. On these lines they
ask a 20-year exclusive franchise. The
principal points were elaborated upon
as Minister Smith read; then followed
a few questions answered by Mr.. FOs-
ter and Mr.. Smith.
Mr. Foster stated that Col. Spalding
had, through his arduous work in Con-
gress, done great deal in advancing
the prospects of early success, and he
promised to transfer his present con-
cession to the Pacific Cable Company.
Mr.. Foster further stated that they
hoped to be able to obtain from the
Japanese Government a guarantee of
$3.50 900 which supplemented by the
$40 600 of Hawaii would be 100000
TO be paid on the completion of the
line from San Francisco to Japan, via
Honolulu. They also hope to get $500
900 from the Australian Colonies to as
sist that line. Mr.. Foster suggested
that the men undertaking this bust
ness were handling no small affair, as
the line to Japan would cost not less
than 1900, 900, and it would be un-
to expect men to assume
the task with some show of returns to
guarantee such great outlay of capt.