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Ir.' ' Q rJ o A bitter fight arose between the two M f"
K KKIDAY, APRIL 2, 188G.
THE TELEPHONE BONANZA.
IMMEXSU I'OJITDKKS THAT 1IAVK BEEN
MAME BY 11EI.1, AND OTIIKIIS.
Bell took his telephone to the Cen
tennial Exposition, where it was seen
and experimented with by thou
sands of visitors, who never sus
pected that it would conic to more
than an ingenious plaything. It
was two years after the Centennial
that the first telephone exchanges
under the Bell patent were estab
lished, though a company had been
organized in 1877. It was not till
1879 that the new method of com
munication was firmly established as
a commercial or social necessity, and
from that year dates the marvellous
growth and success of the Hell Com
pany. Its capital stock on the JJlst
December, 188-1, was $24,000,000,
and an application was made last
year to the Massachusetts Legisla
ture for an increase to 80,000,000,
which is half the amount of the en
tire stock of the "Western Union Tele
graph Company. The receipts for
rentals for the fiscal year ending
March 1, 1885, wcro $1,900,000,
and the net earnings for the com
pany for the same time wcro $1,710,
000. The first dividend was not de
clared till January 1, 1881, when
6220,000 was paid to stockholders
on 73,f)C0 shares, or 3 percent. One
more dividend of the same amount
was declared that year, three divi
dends of that amount were declared
in 1882, two-dividends of the same
amount were paid in 1883, and two
of $288,0G3 the same year, five
dividends of $288,003 each were
paid in 1881, and one of the same
amount was paid January 15, 1885,
and several have been paid since.
Up to the 15th of January, 1885,
the total dividends paid to stock
holders amounted to about $4,000,
000. The original investors in Bell
Telephone stock paid from $20 to
$10 per share. Since then the stock
has been increased or "watered"
seven times and tho shares arc worth
$150 each, so that an original holder
has now eight shares for every one
that ho first held, and what he paid
say $30 for is now worth $1,200.
On the 1st of January, 1885, the
Bell Company controlled in the
United States and Territories 772
exchanges, 107,4 10 circuits, 101,734
miles of wire, gave service to 5,108
employees and had 134,000 sub
scribers, lis pay-roll last year
averaged about $10,000 a month, or
about $120,000 a year. The em
ployees arc nearly all girls, who re
ceive very small salaries. The ex
penses arc very light, tho original
cost of property small and the in
come sure. As a monopoly of the
modern school it has ho rival, and
what it will attain to another ten
years, unless checked in its pro
gress, no one would undertake to
foretell. The character of its pro
perty, when it comes to a valuation
in dollars and cents, is very well
illustrated by tho insignificant
amount it has paid to the various
States for taxes. Up to the begin
ning of 1885 its total outlay for
taxes in all tho United States had
reached only $129,000. The amount
paid for taxes in New York for 1884
was $24.0. The amount paid in
Missouri the same year was $54.70.
In Massachusetts where the capital
btock is taxed, the amount paid in
1884 was $24,410. Tho amount paid
in all the United States outside of
Massachusetts since 1881 up to the
becinninc of 1885 was less than
$25,000. A company that has a
combined salary and tax expense of
about $150,000 a year, with an in
come of $2,000,000 a year, is n fine
illustration of the modern scheme of
A number of men have grown very
rich through small investments made
in Bell Telephone stock five or six
years ago. Prof. Bell, who makes
his home in "Washington, is supposed
to be worth $4,000,000. He was
originally a Massachusetts man, and
when he applied for his first patent
was a teacher of languages in a
school for deaf and dumb. It was
through his Boston acquaintanceship
that the first company was organ
ized. "W. II. Forbes, of Boston, is
tho President. He is said to be
worth from $5,000,000 to $8,000,
000, which comfortable sum has ac
cumulated on an original investment
of $04,000. Other Massachusetts
men who have made fortunes the
samo way aro Gardner G. Hubbard ,
of Boston, said to bo worth $3,000,
000. C. P. Bodwitch, of Boston, and
Vice-President of tho company, is
said to bo worth fully as much.
Theodoro II. Vail is the manager of
tho company and is a millionaire two
or three times over. Kx-Congress-maiiW.
"W. Crapo, of Massachu
setts, is another who has grown rich
on an original small investment.
The profits of the company have
bee,n distributed almost entirely
among citizens of Massachusetts,
where the stock is ns much quoted
and discussed as Western Union is
By tho way, it is a curious fact
that tho Western Union Telegraph
pompnuy derives n large tocoino
from the Bell Telephone Company.
A bitter fight arose between the two
corporations when tho latter was in
its infancy, and there grew out of it
a long and bitterly contested litiga
tion. Tho matter was finally set
tled in favor of the Bell Company,
so far as right of patent was con
cerned, but the Western Union did
not let looso till it had got an agree
ment by which it was to receive cer
tain royalties or percentages on the
business done. For 1881 the amount
so paid reached the sum of $383,-
uuu ana lor 1880 it-as over S100,
UUU. This is bv far the heavl
pense borne by tho
fS. P. Alta.
NEW YORK LINE.
WH. CHOS9MAN & BHO., 77
Brond Street, N.Y., will des
patch im Al vessel in this line, on or
MAY If?, 188(1,
Orders should bo forwarded by steamer
of March 18th, to insure shipment by
this opportunity, or not later than April
nth. CASTLE & COOKE,
LAD IE S 1
And in fact Everybody is Delighted
with the Justly Celebrated
Elite Ice' Cream
miulo from pure Woodlnwn Dairy
Go and surprlso your folks, order a
bucket of our delicious lee Cream. We
pack orders for lee Cream fiom 1 to CO
quarts in Patent Refrigerator Cans, war.
runted, to keep its delightful llavor and
perfect form for many hours.
Families, Forties, Balls and Weddings
Our Fancv Cakes are tho Favorite
with all the Ladles of Honolulu.
CHOICE FRENCH CANDIES,
Imported fresh and In great variety by
Ring Up Bell Tclcphono 182 or Mutual 338.
The Elite Ice Cream Parlors.
SS Hotel Sti-cot.
Aro open daily until 11 r.ii.
St'm Candy Factory
71 HOTEL ST., between
Nuuunu aud Fort Sts.
Has always on hand tho largest Stock
of Candies, both Plain and Fancy, guar
anteed to bo STRICTLY PURE
AVliolcNulu and KeUiil.
Rich Wedding Cakes
Of a Twenty Years' Reputation, all
Sizes always on hand, ornamented
in any Style.
Pastries of All Description Made to
Order at Short Notice.
Fresh every Day.
Bell nnd Mutuul Telephone, No. 74.
P. O .Box No. 7fi. 1(18
Soda Water, Ginger Ale,
Florida Lemonade, Aciatcd Waters of
all kinds, Fruit Syrups and Essences.
I e Use Fateit Stoppers
in all our Bottles.
Wo invito particular attention to our
Patent Filter, recently Introduced, by
which all waters used in our manufno
tuics is absolutely freed from nil Im
purities. Wo deliver our Goods freo of chargo
to nil pnrts of tho city. Wo guarantco
our Goods to bo tho best In tho market.
Careful attention paid to Island Orders.
The Crystal Soda Works,
P. O. Box 807, Honolulu.
Itcll Telephone : : 08
Mntunl Telephone : 3IJ0
EST Orders loft with Benson. Bmlth &
Co., No. 11 Fort Street, will receive
Wo, also, nro Agents for tho sale
of J. W. HiBgloy'a
188 of his own manufacture. 0m
tvmmm nanni iiiww
IMPORTERS AND DEALERS IN
Groceries, Provisions and Feed,
EAST CORNER FORT AND KING STREETS.
Now Goods recoived by every Packet fiom tho Eastern States and Europe.
Fresh California Produce by every Steamer. All orders faithfully attended to.
and Goods delivered to any part ol the rlty free of charge. Island orders roll,
cited. Satisfaction guaranteed. Post Ofllro Rot 1-15. Telephone No. 03. 108 ly
(Formerly with Samuel Nott).
Importer and JDcnlcr in
OROOKERY, GLASSWARE, HOUSE FURNISHING
AGATE IRON AND TINWARE.
Agent Hall's Safe
Beaver Block, -
HP Store formerly occupied by S. NOTT,
Corner of Fort & Merchant Streets,
Hos just opened out a large nnd carefully selected stock of
Gent's Fine Fnrnishing Goods,
Custom-Mado Clothing, and Hati and Caps
III all lie Latest Styles aii Patterns.
EST" Particular attention is called to an elegant line of Gent's Neckwear.
JOHN ITT, 1. 8 Kuknun Street.
Granite, Iron and Tin Ware !
Chandeliers, Lamps and Lanterns,
WATER PIPE and RUBBER HOSE,
House Keeping Goods,
WELDER'S S. S. CO.
Leaves Honolulu each Tuesday at
4 p.m., touching at Lahaina, Maa
laoa Bay, MaUena, Mahukona, Ka
walbao, Laupahoehoo and Hllo.
Returning, will touoh at all the
aloye ports, arriving at Honolulu
oaoh Saturday afternoon,
and Lock Company.
opposite Sprcckels & Co.'b Bank.
April 5th, 1886,
TIN, COPPER AND
taken charge of
rfixprcss No. 04, for
iirpp8o of carrying on tho Express and
ruy business, hopes by paying strict
attention to business to receive a share
of public pntronagu,
1ST Moving pianos nnd furnlturo a
specialty. 13. IJUltGERSON.
Residence, corner Punchbowl aud Bc
retania Streets. Mutual Tolephono 320.
West, Dow & Co., Telephone 179'
of Letters Patent.
ALL persons aro hereby notified that
Letters Patent wcro IghuccI by tho
Hawaiian Government to .TAMES
KENNEY of Honolulu on tho 10th day
of December, a.d. 183!i, for an Improve,
ment in brake, gig and chaiso springs,
ami that said Letters Patent wcro hs.
signed by tho said J nines Kcnnoy to tho
Hawaiian CunlngoManufacturlng Com
nanv on tho 22nd day of December, A.D
1885. wherefore tho tuld Hawaiian Car.
rlago Manufacturing Company horoby
warns all persons against liurtni
the said Letters Patent,
HAW'N CARRIAGE MANF'G Co.
Honolulu. Deo. 22. 18H5. 208 tf
Will bo open every afternoon nnd even,
ing ns follows:
day nnd Hnturdny Evcnlngx.
To tho public in gcnernl.
For Indies nnd gentlemen.
For ladies, gentlemen and children.
Friday and Saturday Lcnlngsj also, at
the Tuesday Mntlncc.
THOS. E. WALL, Manager.
A Largo and well selected Stock of
comprised in part as follows:
Cutedel, White Wine,
Tokay, Sweet Muscat,
etc, In Casks and Cases.
Hnvlng .been nppointcd solo ngents
by Messrs. 8. Lnchman & Co. for tholr
justly celebrated brands, wo aro enabled
to oiler the above goods to our friends
nnd tho public generally at unusually
Freeth & Peacock.
liter's Stmship Co.
Commencing on Monday, Oqtobcr
12th, and thence on the first Monday
following tho arrival of the Alameda
and Muriposn on the 8th and 22nd of
Tho steamer Kliuui will mako the
Volcano Trip, reaching Keauhou on
Wednesday morning, giving Tourists
two days and two nights at the Volcano
When tho 8th nnd 22nd of tho month
fall on Mondny, tho Klnnu will leave
tST Tickets lor tho Round Trip, $50, which
pays all Charges.ft
Tho Kin nil will nrrivo in Honolulu
Sunday mornings on Volcano Trips. On
Hllo Trips, will leavo Honolulu on
Tuesdays, and return Bnturday morn,
lags. WILDEH'H STMSHIP CO.
Honolulu, Bept. 14,1880, 184 tf
CASTLE & COOKE,
Life, Firo & Marino Insur'oo Agents.
Tho New KiiBlmul
MUTUAL LIFE INS. COMP'Y,
Tho .ZEtna Firo Insurnnco Co,
of llnrtford, Conn.
The Union Firo nnd
Marine Insurance Co.,
of San Frnnclseo, Cala.
Capital 0,000,000 Rclchsmarks.
rpilii undersigned, having been Hp
JL pointed agent of tho nbovo Company
for tho Hawaiian Islands, is prepared to
accept risks, ngalnst Fire, on Buildings,
Furniture, Meichnndlse, Produce. Sugur
Mills etc., on tho most Favorable Terms
Lojscs Promptly Adjusted and Payablo in
070 ly at Wilder & Co's.
The Equitable IATe AfMnruiuM
Society of the United
KHTAIH.IHHKO IX 18JJH.
ISbUES Policies on the most npproved
plans, vlz:-Ordiiinry Life, Life, Limit,
ed Payments, Endowments; Tontine
Havings Fund, Tontines, Scmi.Tonllues;
A. li. C. Tontines: Life nnd Hurvhor.
ship Annuities j Children's Endowments,
Joint Life ltlsks, Partnership Insurance,
etc., etc., etc.
Policies both Incontestable and Non
Contested claims, none.
lleforc insuring elsewhere, cnll and
get nn estimate.
It is calculated that every reasonable
wish of tho insured Is embodied in ouo
or more of the plans.
For full particulars and pamphlets,
AliKX. J. CAKTWIUUUT,
General Agent for Hawaiian Islands.
THE underblgned, n Committee of Di
rectors ot the Equitable Lifo As
surnnco Society of tho United States ,
nppointcd to formulato tho views of tfce
hoard on tho advantages offered by tho
Society to tho public, report:
1st Tho Society issues nil tho upproi.
ed forms of insurance, including Ordl
nury Life, Endowment and Tontine po.
llcies. It is immaterial to tho Directors
which lorm of policy is taken by in.
2d The Lite nnd Endowment forms
of policy provide for annual cash dlvl.
dends and a surrender value j are lndls.
nutablo after three years and payable
immediately after piool of death.
3d The premiums on a Tontine po
licy are tho tamo as on tho Ordinury
Lite, but, while the latter is only pay.
ablo in tho event ot death, tho holder of
tho Tontine policj has tho right to draw
tho whole of tho reserve nnu tho nccu.
mulntcd profits in cash at tho end of a
stated period; thus, during his own life
time, atter hit. producing years aro past,
ho can, without any larger premium
thun on nn ordinary policy, secure theso
4th Expcricnro shows that tho return
paid iucash on maturing Tontine po.
Holes approximates to or oxceeds the
amount of premiums paid by policy
holders, so that tho average cost of tno
assuranco will bo only about tho Interest ?
on the premiums.
nth Tantino nnllnlos. Him ntlmra ..
paid in full in tho event of death at any
timo during tho term of tho policy, and
aro incontestable nftcr three years, and
payable immediately after duo proof of
0th Experience shows that tho mor.
tttllty Is lower among Tontino policy,
holuers, as the better lives seek this
kind of assurances, which is a consider,
ablo source of protlt.
7th Tontino policies will be inado
non-lorfcitablo under tho laws of tho
State, if so desired at tho timo tho as
suranco is effected.
8th Tho Tontine system is fair and
just; its accounts are accurately kept,
separate from all other business; tlio
funds judiciously Invested and improv
ed, and tho accumulated profits Jnlth.
fully gunrded nnd properly appoitloned.
0th Tho Society has since its orgaul.
zation transacted n larger amount of
now business thun any other company,
while its now business for tho first hulf
of tho present year is 1,750,000 larger
than that of tho first half oM884. It
has Assets of $00,000,000; over $14,000,
000 of Surplus, aud its ratio of Surplus
to Liability is greater than that of auy
Chadncey M. DKI'EW,
John A. Stewaht,
William A. Wueelock,
Cuaiiles Q. Lakdon,
Committee of tho Board of Directors of
tho Equitublo Llfo Assurance Society
of tho United States.
ALEX. J. OARTWIUGHT,
General Agent for Howailan Islands
Equitable Lifo Assuranco Society.
THE FAST SAILINO
will run regularly
TO WAIALUA EVERY MONDAY,
Iieturning on Thursday, weather
For f roight or passage apply to tho
Captain on board, or to
Pacific Navigation Co.,
FOR XOLOA & WAIMEA
Tho Clippor Schooner
F. Kibbling, .... 3fftHter,
Will run regularly to tho ports of
KOLOA, HANAPEPE & WAIMEA,
KAUAI. For freight or passage apply
to tho Captain on board, or to tho
pCIri Navigation Co.,
800 8m Cor. Nuutmu & Queen 8tr