The Hawaiian gazette., 1902-03-25
PLANS fOR
WIRELESS
Merchants and the
Sugar Men May
Move.

n ne merchants ana sugar factors of
me city afs sufficiently Interested n
wireless toleuaphy to make guaran-
zee covering thc estimated cost % oper-
stion of ne syrgiDm. aud she cro1iforF
Of the corporation are willing 10 hold
of Tor time in their legal efforts 81
enforce their claims. the Marcuni sys-
TEN viii be- again operated. The stock
holders - the company have decided 10
make one more effort Co send messages
through space. and they are meeting
with some success.
Al the meeting held yesterday after
noon In the directors room of Castle a
Cooke, although there was a minority
OF the stock represented and adjourn
ment was taken until Thursday OF next
week. the various methods for the re-
juvenation OF the system were discuss
Cd at some length. The Treasurer of
the company read a statement cf the
balance sheet Of the company. which
showed that there Is only $4,000 owing
Ina sundry bills, aud most OF the cred
ttors for the amounts on the list have
signined their intention 70 permit any
Arrangement which will allow the com.
pany TO resume its workings.
II was reported 90 the stockholders
that a member Of a sugar firm has Of
fered 90 circulate an agreement. 10
guarantee a certain sum to the COM
psny. among the merchants and agents
Of the city, and that he thought by this
method something like 500 a month
could be secured in guarantees. It was
understood thai this was 20 be paid
for service, and any excess messages
we're TO be charged at the same rates
There was a further agreement that
the creditors were TO be persuaded that
the only way that they could hope for
speedy payment was to permit the
company 20 operate for a year at least.
- that the subscribers 70 the fund
might be- assured that they would have
a service In return FOR their money and
not be placed in the position of making
a guarantee only to find that the sys-
tenn was to be closed down as soon as
some creditor wanted to collect a small
bill
The officers Of the company made up
statement of the expenses of carrying
on the business Of the concern and the
indebtedness, and "A draft OF the agree
ment which would serve to give them
the necessary assurance that they
might go ahead and put the system In
use, both of which are to be placed IN
the hands Of the business men who
have taken an interest I'm the revivihca.
ton Of the service, and which is to be
circulated among the various firms du.
ring the coming week. 1t is estimated
That II VIII take above $500 a month t,
do anything with the service, and I,
make 1t what 1t should be will OF cUurs,
make the cost greater than tina
amount.
One Of the most important pieces o
business done was the expression o
belief on the part OF several of the dl
rectors present, that the cost of mes
sages should be halved. The guarantee
was drawn with the statement in
that the rate should be 81 a message o
ten words address and signature count
ed while the cost per word additional
was to be ten cents. This. 1t Is thought
will popularize the service, and viii
make II much more likely to be tn
success that its promoters and stock
holders still think IT will be- with tn
new instruments and appliances.