The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-03-15

i by private capital. such action would be
! not only waste of public money. but
J would be a piece of gross injustice to
, a company which, in confident reliance
! on the good faith of the United States
is proceeding TO carry out the most i'm
| portant cable work yet undertaken in
| the history of the world.
| COMMERCIAL PACIFIC CABLE
| COMPANY.
January 90. 1902.
I The following data and documents,
hereinbefore referred to. are appended
for the information OF the public.
COMMERCIAL CABLE COMPANY.
| The Commercial Pacific Cable Com
pany Incorporated under the laws
OF the State of New York on Septemoe-
/ %, 1901. The charter authorizes it to lay
and operate submarine cable II ON
California to the Philippine Islands, by
way OF the Hawaiian Islands. The pres
ent authorized capital stock Is $1,000 600.
being the amount necessary for the
manufacture and laying of the first sec
ton of the cable, the section from san
Francisco to Honolulu
The following are the officers of the
company:
John w. Mackay, president; George c..
Ward, vice president and general man
ager; Edward c. Platt, treasurer; Albert
Beck, secretary
The board of directors is follows:
John w. Mackay, George CT. Ward, Clar-
ence H Mackay, Albert b. Chandler
Edward c. Plat. George Clapperton. Al
bert Beck, William w. Cook.
MR. WARDS STATEMENT
Inasmuch as there have been many
he
faith of the Commercial Pacific Cable
Company and it's intent to actually lay
and operate submarine cable from San
Francisco to Manila, the following let
ter from Mr.. George G.. Ward to the
Hon Eugene Hale, chairman of the
Senate Committee on Naval Affairs. was
written. A similar communication was
addressed to the Hon. William p. Hep
burn, chairman of the Committee on In
terstate and Foreign Commerce OF the
House of Representatives:
New York. January 9Th. 1902.
Hon Eugene Hale. Chairman of Com
mittee on Naval Affairs, United
States Senate, Washington, ID. {.
Dear Sir:-I am the vice president and
general manager of the commercial IA
cidc Gable Company (also of the Com
ceiyed information that misrepresenta-
tons are being made in Washington as
TO the bona fide intentions of this COM
pany. L write to state that the CONNER
cial Pacific Cable Company has entered
into a binding contract with the India
Rubber Gutta Percha and Telegraph
Works Company, by which contract that
company guarantees to manufacture ana
Law a submarine cable for the CONNER
cial Pacific Gable Company between san
Francisco and Honolulu on or before
November LIST, 1902 The Commercial
Pacific Cable Company has already paid
in cash as a partial payment on said
contract $IS2. 6S5.00. The contract is an
absolute contract on the part OF ooth
parties. and neither party has any rght
to withdraw from or cancel the same
but on the contrary, the contract pro-
yides in absolute terms for the manu-
facture and laying of the cable by NO
yeYnber list 1902. The actual manufac-
ture of the cable is now going on at the
rate of 2lO miles per month. and this rate
will quickly be increased 10 over oS'
miles per month.
The Commercial Pacific Gable Company
has accepted the provisions OF the Post
Road Act of Congress of lS66 and IN
tends in good faith to lay and operate
the cable from San Francisco to Homo
lulu. on or before November 1st. 1902,
and the remainder of the cable from
Honolulu to Manila, within two years
thereafter, the fact being that cable
from San Francisco TO Honolulu by IL
self alone. would be total loss. mas
much as the cable business between
those points would not be sufficient TO
pay even the operating expenses of the
cable.
l shall be glad to furnish you with
further particulars of the company OF
its operations at your pleasure.
Yours respectfully,
GEORGE q. WARD.