The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1910-06-26
TO THE STOCKHOLDERS
OF THE UNITED WIRELESS
TELEGRAPH COMPANY

namely the Collins, Clark, Pacific and
Massie companies, have been merged into
the Continental Wireless Telegraph and
Telephone company, with an authorized
capitalization of 100000.
The original authorized capital of the
American Marconi company was $780, 900.
Recently its capitalization was reduced to
Lac, 500 The total authorized capital of
the companies above enumerated is S16,-
442, 300 The total authorized capital of
the United Company Is $20600.009, of
which less than s12,0O0,000 has been is
sued. 1t should be noted that the Amer
lean Marconi company. the original au~
thorized capital of which was over
s6,000,000, was limited to the operation of
business in the United States. It will thus
be seen that the capitalization of the
United company is not only not excessive,
but exceedingly conservative.
The official list of wireless telegraph
stations of the world, published by the
United States navy department. Septem-
Der l. 1909 shows the number of stations
open for public service in this country
credited to all companies other than the
United company, does not exceed n sta
tions. The number of stations credited IL
the Marconi company is 4, and the num-
Der credited to the United Wireless
Telegraph company is "a, since which
time the United has installed IS new sta
lions, making the total number In active
commercial operation today 100. The same
official list shows total number of mer-
chant ships and yachts equipped with
wireless apparatus to be 465. The United
company has more ships equipped than
all other companies combined, and, since
the publication of said list, the United
has equipped and under contract other
ships, sufficient to bring the total list up
to date to $40 ships.
In view of the foregoing, it Will readily
~e seen that the valuation placed upo'
the patents and patent rights of the
United company are extremely conserva-
tive and the advances In market price OF
the stock authorized by the executive
committee were amply justified by the in
3rease in business
We firmly believe that with the support
and confidence of our stockholders tNs3
company will not only come out of tbie
trouble triumphantly, but will continue IL
grow and expand to what we have al
ways believed it would, the largest and
most successful wireless compaay IN the
world. We would therefore, ask the
stockholders to not only suspend judg-
ment, but give us their hearty and active
cooperation and enthusiastic support.
Inasmuch as certain charges have been
preferred against certain officers of this
company, the management would prefer
to have judgment In this matter passed
upon~by such directors of the compans
as are not officers, and to that end a spe-
cial meeting of the directors has been
called to appoint special committee to
institute thorough investigation of the
company's affairs to ascertain whether
there is any basis in fact for the charges
n question, and to make their repcit To
he stockholders and TO the public.
In order that the directors may be I'M
hampered in the choice of the investigat-
ing committee. none of the directors who
are officers in the company Will take any
part In the selection of said committee.
UNITED WIRELESS TELGR. CO.