The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1902-01-16
PROPOSITION
TO REORGAN|zE
EIPELESS MESSAGE IS POSSIBLE
Inter Island Telegraph People Dis
cuss Plans for Raising
More Funds.
Manager Cross Reports on His Visit
20 Mainland and the Purchase Of
supoJies-Psrert Rarc5ni Com
Gary Remains obdurste-Ne"
ard More Powerful Battery.

I proposition 10 reOrganize the In
ter-Island Telegraph Company vas
discussed at the annual meeting Of
she company. held yesterday after
coou. at the Office Of President r. J.
cross in the Stangenwald building.
The plan proposed was TO return
20 the treasury all paid up shares Of
stock amounting 10 about four ffths
81 the capitalization. after which
paid up stock would be issued to the
holders Of assessable stock accord
ing TO tho amount each had paid into
the treasury.
Il was claimed that " this meth
Cd. about p 900 shares would be
available for sale. and could be is
sued as new assessable stock The
amount derived by the sale OF the
shares would be sufficient TO cover all
the present Indebtedness OF the Inter
Island Telegraph Company and leave
handsome working capital with
which many improvements in the
service could be completed.
Ineffciency Of Operators.
The meeting yesterday showed
that the treasury of the company was
practically empty In the Report sub
mitted by Manager Cross ne admit
,ed that at the outset the company
had been greatly hampered by the in
efficiency OF the operators. This
branch OF the service improved. as
She year wore along. until in the lat
ter part OF the summer the tubes
employed in the transmission and re-
ceiying OF messages became almost
useless An appeal was made 10 the
Marconi people. but they refused to
assist in remedying the difficulty
owing to the non payment OF assess
ments claimed as due by the Mar
conf company from the local concern
Manager Cross made a business
trip TO the mainland last fall to pur-
thase tubes. or secure material for
their manufacture in the islands.
Mr. Cross stated that he had pur-
chased the necessary apparatus and
had no difficulty in making the much
needed tubes. The practical tying up
~ the system during the absence Of
Manager Cross was stated to have
had depressing effect upon its
finances.
New Batteries Secured.
Recent troubles with the batteries.
in that they had outliyed their use
uiness, was the next serious difficult
" that confronted the wireless sys-
TEN. The treasury being depleted
Treasurer Clinton Hutchings agreed
10 stand good for the purchase price
Of new batteries. These were seeur-
cd and arrived in the city some weeks
ago All stations on the line will
again be equipped with renewed
generating power When the work is
completed it is believed that the In
ter-lsland Telegraph Company will
be in a position to transmit messages
as Of old
That the system is practical has
been demonstrated by past expert
gnce. The failures encountered by
the local company have been due
mainly TO a lack of funds. 1t was
stated that the income of the com
pany over and above all operating
expenses. for the month of July last.
exceeded $500.
Officers and Reorganization.
The election OF officers resulted
as follows. F. J. Cross. president:
". W. Hall. vice president; w r.
Harrington. secretary: Clinton J. Hut
chings. treasurer: X. c. Brown. audi
tor: directors: W. II. Hoogs. ]. A
Magoon. c. A De Cew and f o.
White
The arrangements towards reor-
rsnization OF the company are now
in the hands OF local financial in
stitution II is generally believed
that the proposition will reach a sue
cesSful elimination