Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-01-02

companies. controlled by Mr. Morgan.
Their plan was comprehensive and
patriotic. They saw the need Of the
United States government TO commun-
icate by cable-which should be under |
an American company-with its pos
sessions in the Far East They foTe
saw the time when the commerce OF
the Pacific ocean would justify and |
sustain their enterprise.
To accomplish their object they |
formed the Pacific Cable Company of |
New York of which Gen Scrymser
was president, and as their attorney ! |
obtained from the Hawaiian govern |
ment a cable contract dated July end, |
1898, in which they agreed to lay and |
operate cable between California and
Hawaii. within two years from the date
of an Act Of Congress authorizing them
to do so. and within three years from
sutN Act to lay and maintain cable
from Honolulu to Japan. touching at
intermediate islands. A deposit OF $685.
900 in Hawaiian government bonds
was made by MIR. Morgan to secure the
performance OF this agreement. His
contract called for no financial aid, but
merely for exclusive cabling right be-
tween Hawaii and Japan for period
OF 20 years.
The reason why an exclusive fran
chise for cabling between Hawaii and
| Japan was required. was that British
cable companies had exclusive fran
chises for cabling in the orient extend
| ing over long terms of years. A cable
! from Hawaii to Manila would conflict
with these franchises, but there would
! have been no difficulty in arranging
matters II the Hawaiian cable itself
had an exclusive right as far as Ha-
vail was concerned.
Unfortunately for the success of the
/ Morgan enterprise condition was in
serted in his contract with the Hawaii.
I an government making II invalid II
diiapproved by the Secretary OF State
within six months. II was disapproved
on the last day of the six months by
Secretary Hay at the instance OF the
Hawaiian Commission. and that put
an end to the far-reaching plans of
Pierpont Morgan in regard to a sys-
TEN OF cables in the Pacific Ocean.
Last winter. after fruitless efforts by
the Pacific Commercial Gable Company
to secure an enabling act from Con.
gress for It's cable 1t sought authority,
as | am told. from the State Depart
ment. Department OF the Interior and
other departments of the government
none Of which appeared TO feel that
they could authorize the landing Of the
cable in Hawaii.
Then President Roosevelt, In his
alert and vigorous manner, cut the
gQrdian knot and gave the long sought
authority under certain conditions TO
be complied with by this company.
In his last message TO Congress he
asked that his action in this matter be
approved. and there can hardly be any
doubt that the approval will be given.
It is possible that the Company would
have gone ahead even without the sane
ton of the President, but the probable
ity Is that but for his action we should
have waited indefinitely for the result
winch we commemorate 'ouoy'
At this point C. NJ. Cooke read mes
sage to be forwarded to Clarence II.
7 Mackay by the Korea tomorrow by the
Chamber of Commerce and Merchants
Association. II is congratulatory
message on the completion OF the cable
and ia simply an enlargement on the
message sent by the Merchants Asso-
citation to Mr.. Mackay over the cable
this morning and which appears In an
other column. As the message had not
been sent forward yet, Mr.. Cooke
thought II hardly proper that It should
be given out for publication.
William II. Eustis, of Minneapolis,
special agent of the United States
Treasury to investigate the matter Of
Federal buildings in Honolulu and
Hlo. was the next speaker. His
, speech was purely extempore. Mr..
Eustis said 1t was a great pleasure to
meet with the ladies and gentlemen be-
fore them Their hearts were full OF
hope for the> future. as today they cell
ebrated great event for which they
, had long looked. He had come here a
stranger and they had taken him In.
1t was the first time he had exper-
fenced the solitude of these Islands,
and he was one of the last TO endure
that solitude. man had told him
that he could scarcely believe his eyes
when reading in todays newspaper O
dispatch dated Washington, January
9. Before this when the world was re-
jolcing the Hawaiians were not In IT.
, When the world mourned they were
, laughing. When the people of Homo
lulu were celebrating coronation the
! people OF London were preparing for
, funeral.
There were four great events In the
: history of the Hawaiian Islands. The
first was their discovery by Captain
! Cook, although over on the Island OF
e Hawaii the other day he saw sign
up, "More cooks wanted" Now II was
) more Mackays they wanted. The sec
3 ond great event was the coming OF the
3 American missionaries, The third was
, tho Installation of that grand old nae