WIRELESS TELEGRAPHY

New Zealand Times, Volume XXXI, Issue 6861, 3 July 1909, Page 5

WIRELESS TELEGRAPHY

I A PECULIAR RESTJI.T. ; I ■"I attribute'the success of my firm," said Lord>Pirrie recently, "largely to the policy of wrapping old; machinery.- It has always been my habit to adopt new. miichmWy whenever and-as soon as I can. "■'■ 'And then," he added, with, a twinkle, "I sell my old machinery to my "Do vou believe in this great competition for. speed? One seems to Actioe that, yoii do not join.in it quite so. hotly as ether shipbuilders."; ■, ~...-„-,' ' "Of'recent years,, he replied,... I .have. never' believed much in- th:e -Keen 'competition, for. speed. From the moment that wireless telegraphy was introduced T recognised that a new element had arrived auM that, speed was not as necess.itv. In thePoXOlays.it,was otherwise. I can remember "a merchant saying, to me of a certain ship, *T "found myself one day late in that ship—l lost .£3OOO hy that delay, and I shall never travel by that-line again." But nowadays a business man can sit on a ship crossing the \tlantie. can wire orders to his brokers, watch the markets, know- the while all the time .ho is- at sea.. ' It is even conceivable that he v may, save monev bv stavinc on a ship, thanks to .the absence of other diversions. In my opinion, therefore, 'wireless' changed th« whole position. ' I have advised, indeed urged my firm's clients to act on that theory, and. I think ■ they have found it successful."