The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-03-22
PLANS FOR
WIRELESS
Merchants and the
Sugar Men May
Move.
GUARANTEE FOR
PAYING BUSINESS
Proposal That Users Shall Prom.
Use Sufficient Traffic to
Pay Expenses.

IL the merchants and sugar factors OF
the CITY are sufficiently interested IT
wireless teIegraphy to make a guaran-
tee covering the estimated cost OF oper-
alton OF the syestem. and the creditors
of the corporation are willing to hold
off for time in their legal efforts to
enforce their claims, the Marconi sys-
tenn will be again operated. The stock
holders of the company have decided TO
make one more effort to send messages
through space, and they are meeting
with some success.
At the meeting held yesterday after
noon in the directors room OF Castle &
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
ed at some length. The Treasurer Of
the company read a statement Of the
balance sheet OF the company, which
showed that there is only $4,000 owing
I'm sundry bills. and most of the cred
itors for the amounts on the list have
signified their intention to permit any
arrangement which will allow the COM
pany to resume it's workings.
1t was reported to the stockholders
that a member of a sugar firm has Of
fered TO circulate an agreement, to
guarantee a certain sum to the COM
pany. among the merchants and agents
OF the city. and that he thought by this
method something like 800 a month
a
understood that this was to be paid
for service, and any excess messages
were 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
a speedy payment was TO permit the
company to operate for year at least, |
SD that the subscribers to 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 |
a statement of the expenses of carrying |
on the business OF the concern and the |
and a draft of the agree
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 in the revivifica-
ton OF the service. and which is to be
circulated among the various firms du-
ring the coming week. 1t is estimated |
that IL will take above $500 a month to
do anything with the service, and to
make it what it should be will of course
make the cost greater than that
amount.
One of the most important pieces of /
business done was the expression of
belief, on the part of several of the d.
rectors present. that the cost of mes
sages should be halved. The guarantee
was drawn with the statement in it
that the rate should be 81 a message of
ten words. address and signature count
ed. while the cost per word additional
was to be ten cents. This. it is thought.
will pOpuiarize the service. and will
make IL much more likely to be the
success that its promoters and stock
holders still think it will be. with the
new instruments and appliances.