The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1903-11-04


the MaIIey Building, This CIty-What
the Company Has Accomplished and
is Preparing to AccompIish-InIsres
ing Facts.
The name of Marconi is booked to go
down from age to age as one of the
great men on the roll of fame as inven-
tors, and an immense future for the
Marconi Wireless Telegraphy seems
positively demonstrated. AS is widely
known, the Marconi Wireless Telegraph
Company of America is m the field and
has already accomplished great things,
and is preparing to greatly enlarge its
service. To this end an underwriting
syndicate has been formed, and Munroe
& Munroe, of Is Broad street, New
York city, are the managers of the syn
dictate and will furnish the company
with the requisite working capital for
the enlargement and development of its
field of service. The firm of Munroe &
Munroe is one of undoubted high stand
ing and reputation in the financial
world, and they are now offering stock
Of the company for sale to the public,
giving all an opportunity of sharing in
the great profits which seem undoubt-
eddy ahead of the organization. The
stock offered is treasury stock, and is
offered at par.
1t is confidently believed that the fu-
! ture of the Marconi system promises
tho n
has as brilliant a financial future ahead
of it as has been won by the great Bell
| Telephone company. The profits are
already in sight. Thirty-four of the
great ocean passenger steamships have
been equipped with the Marconi sys-
| tenn, and, as is already widely known,
| little newspapers are being printed on
| board steamer, the news being received
from passing steamers and from Mar
conf stations ON land. Passengers
across the trackless ocean need no long
er be shut out from the news of the
| wide, wide world: and what important
| results can be had by the use of wire
\ less telegraphy when accidents occur at
| sea!
The Marconi Wireless Telegraph COM
pany has stations located all UP and
down the Atlantic coast, and the COM
pany's intention is to increase the NUM-
| Der of the stations as fast as the BUSH
ness demands require it. The trans
hitting station at Wellfeet, Mass,
which has already demonstrated its
| usefulness, will be opened soon for pub
| lie or commercial business, and the
company will then accept cable bust
ness in competition with the cable COM
panies; and inasmuch as the cost OF
euuipping the wireless stations is in
| finitesimal as compared with that of
! the cable lines, the wireless company
| can make enormous profits, even while
reducing the price of tolls at least one
| half ,sof what the cable companies
|. charge, .l......E
! To show the profits that await stock
holders the management states that,
with working half the time, at half
| speed and at half the present cable
rates, the company can earn twelve per
cent. on it's capital stock of ss,65O,0OO by
| means of one transatlantic station
alone. With ten stations 1t Is held that
the company can do as much work as
is done by all the fourteen transatlantic
/ cable stations. In other words, the conf
pany could earn much more than 100
per cent. year.
An interesting fact is that when in
| the recent auroral storm and disturb
ance all the cable and land wires were
| put out of business temporarily, the
| storm had no effect at all upon the
Marconi system, either on land or on
| the water.
The company proposes erecting sta
ton in Cuba at an early date. This
| will do away with the establishing of a.
station In Florida, as with the Marconi
system messages can be received at the
| Wellf1eet, Mass, station from Cuba just
as we'll as from Florida. The company
has stations now working and bringing
| in big money at Sciasconsett, Nantucket
and South Wellfieet, Mass, and at Sag
aponack and Babylon, I" l., and at Chi
cago and Milwaukee.
Further particulars as to this oppor-
tunity for investors is given in the Mar
conf company advertisement in another
column. A public demonstration is be-
ing conducted daily during this week
at Room 514, Malley building. Atter-
| ton is also called to the personnel OF
the company's board Of directors.
Mr.. c. e. Seeley is the New Haven
representative Of the company, with
headquarters at 514 Malley building.
| The public is invited to call and see the
instruments at work and learn about
the system.