New-York tribune., 1902-04-06
MORGAN IN THE WIRELESS
AMERICAN RIGHTS TO MARCoNl Shs-
TEN SECURED BY HIS INTERESTS
ROLLINS MORSE REPRESENTS THEM
MARCoN1 INVENTIONS TO 81 W
GRATED BY NEW COMFANI.

MaRcoNr INVENTIONS TO BE oP-
GRATED BY NEW COMPANY
Morgan interests. represented oy r. n0i'
Morse, have secured the American patent
RIGHTS of The Narconi Wireless Telegraph Com
pany of London. The parent company retains
q majority Of the outstanding stock. and 5" has
t. .or-ro,linv ,-ota in the corporation affairs.
Nr Morse and the capitalists he represents WI"
rut into operation all Marconis inventions ana
rights.
The new company 70 he known as the Wire
less Telegraph Company Of America, VIII oe
canitalized at S615ooeo The first important
step which the new concern will take VIII he u
connect Immediately Key West and Havana
nv wireless telegraph. subsequently, II Mar
4 rnnirs wonderful invention fufls his reasonao Ole
hopes. the American company will at once ins'ai
? wireless telegrap ph system. so that oonVersa-
,ion between America and the remote ISLANDS
in the Philippine group can be carried on
NOT PARTED WITH ALL RIGHTS
Mr.. Marconi. who was a guest of his lawyer
z H Moeran. At the British schools and uni
versttv dinner at the New-York Athletic club,
last night said
The Msrconi company has not parted with
all its rights to any company in this country
The new company will simply take over the
rights Of the old company in the United states.
The original company will carry the controlling
interest and cooperate with the American COM
pany in all matters affecting the working Of
wireless te1egraphy.
Willard r. Green, promoter. Of this city. ac-
oording To Mr. Narconi. planned and carried
into effect the organization Of the American
subsidiary company. The capital Of S6,eooWo
has already been financed. Collateral tunds are
NOT lacking with which TO meet emergencies fhat
may arise during the infancy Of the company
life MI Green's patent rights, or rather the
patent rights Of z. Rollins Morse and others Oh
the Morgan sroup'-to quote Mr Marconl-se-
cures to the company monopoly of seluns tie
narcon, svster7 in operation in the United
States Cuba, Porto Rico Danish west inuIes'
Alaska. Philippines. Hawaii and the waters be-
longing thereto.
Mr. Marconi declined 20 say for what conslu-
era+ion he had parted with these rights, or II the
sale meant that he would in the future make ms
home in London Neither would be discuss the
r,ersonnel of the ffnanciers whose mlilions hao
made the organization a fact. Mr. Marcoh au-
ynttted simply that Mr.. Morse was the moving
factor in the transfer Of property ana that MI
Morse had the support Of the Morgan group
which Of course. includes the foremost nnan-
ciers Of The United States" Further than thae
Mr.. Marooni would not discuss the deal
Mr.. Moeran SAID last 1llSllt iidt INT Ne0i -
NOT heen closed but would be very soon The
,,ezv con7-arv he said. evolving out or the
concern which not long ago was formed Tor the
rurnose of securing the American rights in the
Narconi patents. and which WAS caPllall%eo "'
S10.0o9.0oO.
FxPFC.T To BE AT WORK IN A YEAR
Willard r Green. the promoter, was at the
Waldorf Astoria last night He said that the
deal VAS consunlnated on March 30, and that
,he new con,pany would spend at least Slpoo.-
600 building new stations and exlehdlhs the UP
erations of the system. /,
Mr. Green thought that the system Woulu ~ ge
4, oneration by June OF the present year. 1e
said that stations were being consliucleu a.
f-ane Cod Cape Breton and Tampa ana tla
stations would be built on the acme -
cornpanv would at once begin the work OF put-
ting 1he Marconi system in working order ano IN
the current year the company Woald pe Iedu3
to do a regular business
Mr. Marconi is the first man 10 get 2 praO-
-ical result from wireless telegraphy ana 10 HI
vent the instrument. continued M; GieeI, 80
I'VE do not fear any German claim fhefe mas
been an ainless attempt TO exploit the German
system, which now has one land stauoh anu
one ship equipped. and can neither conlfnuhl-
cate with themselves nor with any one else
There was no intent on the part or any one u
show discourtesy to the German Pflhee, put ti.e
Germans overstepped contract rights IN an az
TEMPT to communicate with the Deutschland
1t was Impossible, owing TO the defects IN the
equipment the Deutschland
THE new company is entirely new ABOUT
wear and half ago a company was formed
and partly Incorporated. II got as far as pay
ing State taxes. but issued no stock We are
using part Of their papers. and are filing them
10 get the benefit of the taxes paid. That com
many had no capital, and never completed.