Wireless Telegraphy.

Manawatu Herald, 3 May 1902, Page 2

Wireless Telegraphy.

The New York World announces that Signor Marconi will have the aid of the J. Pierpont Morgan group of financiers. It was announced that a company with a capital of 6,000,000 dollars hasHoeen formed to finance the American rights _ for wireless telegraphy. “ Yes, it is true,” said Marconi at a dinner of the British schools and universities at the New York Athletic Club. “ Millard R. Green has arranged the transaction, but at the back of it is E. Rolling, Morse’s banker. He-is one of the Morgan group of financiers. He has purchased the patent and rights for United States, Cuba, Porto Rico, Danish, West Indies, Alaska, Philippines, Hawaiian Islands, and all waters adjacent to these. He has organised a company with six million dollars Capital. The parent company is the London company, this has sold no stock. It is simply that the contract is to use the American rights that has been made. The two companies will work in harmony. Cuba will be the first station built to work in, and a connecting station

will be begun as soon as possible/* Mr Green added to this that th# system might be in operation by, June. “ Stations are building,” Mr Green, “at Cape Cod, Cape Bretton, and Pampa, and work will soon be started on the. Pacific coast. These latter will eventually open communication with Russia ana the Orient.”