The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1901-02-26
IS A SECOND KAMALO Observation-Disclosures
MEssAGELEss TELEGRAPH CO.'S
TROUBLES.
Stockholders Complain That Promo
ters' Fets Wa-e Too Large-Kihei
Example to n Followed.

The latest reason why wireless tele-
graphy would work in Hawaii is that
X. ID. Silliman is not here to i've his
sanction to a certain stock DEAL stat
ed to have been agreed to by the pro-
moters on hand at the demand of the
stockholders. The Inter-Island Tele-
graph Company is said to be a second
Kamalo in the matter of promoters
fees and some of the stockholders have
been threatening to commence an ac-
tion like the one by which Kamalo
stockholders got a decision against
promoters.
Last week a very quiet tip went forth
that the system was to be opened
on Monday of this week. Like some
previous tips it was so much on the
quiet that few people heard it. 1t was
perhaps fortunate as lessening the
number Of disappointments. Most of
those who did hear had been favored
with such pointers before. They re-
membered other wireless messages via
the Kinau and concluded that they
would wait.
island communication was still as un-
certain to the general public as Tesla S
message from Mars
1t is now stated that disobliging
stockholders stand in the "ay of the
clicking of tn Marconi machines at
on Hawaii. They have come to the
conclusion that too much was paid for
promoters fees and that the Marconi
system will not pay even if - works
until $50 900 in paid up stocks has been
returned to the treasury of the COM
pany. 1t is to obtain his consent tC
this plan that Silliman is said to be SC
anxiously awaited here. Assessments
on stock must be paid, and some of the
stockholders say that the company
will not make enough on it's large cap.
ital stock.
The messageless telegraph company
was organized about year ago, with
a capital stock of 100000 $50,000 OF
which is declared to have gone to the
promoters. Cross is said to have agreed
to the plan to put the company on
new basis by giving up a block of the
promoters stock, as was done by
Baldwin and others in the case of XII
hei. Silliman is yet to be heard from
on the subject.
When the company was organized al
agreement was entered into by whicl
$4,000 was 20 be given for the contrac
Cross had secured from the Maroon
people. OF this sum Cross is stated t.
nave been given $25, 900, Silliman $15, 90
and other promoters the balance or $40,
O00 The trouble now is over the $50, 600
A proposition has been made to turl
over to the company S37 500 of tn,
stock paying it into the treasury, anC
it is to this agreement that Silliman'
acuuiesence is awaited.
A meeting of the stockholders wa
called for yesterday. Owing to the alb
sence of Silliman, action was postpon
ed, and a meeting will be had as 500
as he gets here.
Today it is announced that the wire
less system is open to business, an
that he who runs may send message
n ic 10 to- he
tenn will pay dividends upon capita
stock of $62,5OO and the paid up stoc
returned to the treasury may be sol
in future if advisable.
1t is also announced that the compan
has wire between Kaimuki and it
office in the Magoon building, and /
putting up it's own private wire betwee
Mahukona and Hilo.