The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-01-16
Annual Meeting of
Inter-Island-
System.
FUNDS IN SIGHT
TO OPERATE 1T
Deal Is Now Pending with Finan.
cier-EIection Of Officers
and Directors.
lniIRELEss telegraph affairs in

A AiIRELEss telegraph affairs In
w Hawaii were thoroughly dis
cussed at the annual meeting OF
the shareholders and directors of the
Inter-Island Telegraph Company, held
yesterday afternoon In the Office of f.
J. Cross. Stangenwald building, and
II certain negotiations which are now
pending are successful, local financial
house will place funds in the hands or
the directors with which to reopen the
system, which has been closed since
November last. 1t was stated by Man
ager Cross in his verbal report of the
condition of the Inter-Island Telegraph
Company that Marconi had broken his
contract with the local company by not
furnishing 1t with duplicating me-
chanism and necessary materials to re-
habilitate the poles at the various sta
tions. and this fact caused the COM
pany to suspend its operations. Mr..
Cross also stated thai while on a busi-
ness trip to the mainland he had Sc
cured tubes for the poles and had ar
W
It was found necessary from lack of
funds to shut down. The salaries OF
the operators were in arrears, certain
members of the directorate had given
notes to the banks for the payment of
back salaries, and had done everything
in their individual capacities to keep
the system in operation, but all to no
purpose. The stockholders who failed
to pay their assessments and still re-
fuse to do SO are blamed for the failure
of the company to keep its plant in
operation, and their utter refusal TO
pay the assessments has reduced the
company to a bank account of s. and
even this has been garnished. !
There were some among the directors
who had at previous times voiced their
doubts as to the system proving sue
cessfui At yesterdays meeting. how
ever, even these men expressed their
absolute faith in the value of the wire
less telegraph system from broad
commercial standpoint. and said they
were willing to put their shoulders to
the wheel and assist in bringing about
negotiations which would put the COM
pany again on its feet. All that was
needed at present was enough money to
guarantee the salaries of the operators
for the various island stations, fit in
the new tubes and replenish the bat
teries. This done. the messages could
be sent as well as when the system
was at its best 1t developed during
the meeting that the tubes had become
non-sensitive, and would not respond
to a wave. When Manager Cross was
In most need OF new supplies. the rup-
ture ensued between the company ana
Sfarconi, and the system then became
practically useless. Since November
nothing has been done in the way Oh
transmitting messages
Those present. at the meeting were
Manager and President F. ]. Cross, Sec
retary W. r. Harrington, Treasurer C. ] ,
Hutchins, r. c. Brown, ]. II. Fisher, >
Robert Cation. and w II. Hoogs. There
were 1G7I shares out of 2ooo represented.
Treasurer Hutchins made a verpal re-
port, saying there was 30 IN the pank'
which had been garnished. There waf
an Indebtedness of 5000. Robert Cation
being the principal creditor. There was
$4,000 IN assessments unpaid which couid
not be brought in, none of the share
holders eviacing a disposition to yield up
cent OF what was due. Even those who
had continually paid their assessments
had now Joined the others.
Manager Cross said that after the sys-
tenn opened on March 2, 1901, and for
three months afterward. it did not pay
expenses or interest. largely owing to