The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1902-01-31
RAPID transit Road


THIRD ANNUAL MEETING or THE
COMPANY.
Manager Houantyue Reports Fully ON
Ionsruouou Operation and PLANS ol
The Road THE Capital Increased.
The third annual meeting of the Hoo
n"iulu Rapid Transit and Land Conn
pany was held yesterday afternoon
The following officers and directors
We're elected. President J.. a. Thurs
ton. Nlce-p president, j. B. Athertou:
secretary j. A. Gilman. treasurer. H.
7. Peck, auditor, Charles II. Atherton:
directors i'm addition To- the above. W.
r. Castle, George Castle and j. II.
Fisher and q. O., Ballentyne ex-ohicio.
The stockholders voted to increase
me capital stock from $500. 900 to $780,
600
Manager G.. G. Ballentyne I'm his re-
port says among the things
Inc company completed the installa-
ton of its power plant and the COM
struction Of its roadbed and overhead
structure from Alexander street ON
Wilder avenue TO WylHe street ON Lii
Ina via Hotel and King streets. a dis
lance of l4,t26 feet, and on 3lst of Au-
gust the operation of this part of our
system was begun.
ON the 23d of April a contract was
entered into for the extension of the
oompanys tracks from PunahOu street
ana Wilder avenue to and through the
land tracts of the Oahu College and
the Island Realty Company, distance
OF 1855 feet they agreeing to supply
all the ballast, perform all the labor
required in laying the tracks and build
ing the overhead structure. and pay a
bonus of $l1,S3I26. i'm consideration of
the company's supplying the track and
overhead material This extension was
completed and operation. i'm accord
ance with the requirements of the con-
tract was begun on October 81.
On the 3lst of October a contract
was entered into with James s. Nc
kee for the construction of an extern
SION commencing at the junction Of
king and Liliha streets, to Kalihi, a
distance of lO,250 feet. This contract
was completed as far as the Tramways
Company's stables and operation of
tnlS portion of the road was begun on
November 2lst. The remaining por-
ton of this extension was completed on
december Sth and the service extended
TO kalihi. This gives us a total track
mileage in operation, including turn
outs, of S.44 miles.
The income to December 3lst-four
months-was $42 S99.S5, and the operat-
ing expense account, $24. 900. 20: leaving
a balance of $l9.6O965, or % Clio per
cent Of the income. which is certainly
a very favorable showing, and one with
which the shareholders have every
reason to be satisfied. As our mileage
increases we hope to be able to make
even more favorable showing. espe-
claIly so when we have our lines eX-
tended to Waikiki and King street.
one item to which ! wish to draw
your attention is the fact that there
mas been but one serious accident. and
the company was entirely eNonerated
for responsibility therefor by the Jury
For a road where everything is new
and the great majority of tho r.tror-
men and conductors without .r...rr.s
experience, this is a shown D. CO. .'s-
not be eNcelled by any ra- the
United States.
We are now operating ten rcgul.r
cars with four extras during Tho hoayy
morning and evening traffic. At this
date we have Is motor cars and four
Jrailers set up and ready 20 operate.
our entire car equipment win consist
Of 30 motor cars and 10 uailers.
a contract is about to be entered in
TO for the extension of our main line
from the corner Of Wilder avenue and
Alexander street to the Waikiki road
road a distance of about .6.17O feet
II is expected before this work has
been completed that arrangements will
be made for the extension of the line
10 and through the Kapiolani Park
After this has been completed, the
construction of the King street line
VIII be begun. This line will then con-
sttute the main line to Waikiki, with a
transfer point at McCully and King
streets, for the line now in operation.
Consideration has also been given to
the construction of a line commencing
at foot of Fort street and the Es-
planade, along the Esplanade to Ala
Nea street, and up this street to and
along Emma and Punchbowl to the
extension of Kuakini, along KuaIIini
to Nuuanu, and along Nuuanu to the
brick works. The construction of this
line, with transfer points at Hotel and
Alakea and King and Alakea streets
viii enable passengers to connect with
with the steamers from all parts of the
city.