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New-York Tribune, December 26, 1917, page 8:

Wireless  System  To  Aid  Commerce  Of  Pan-America

Chain  of  Stations  to  Link  U.  S.  With  the  Latin  Lands  of  South

Cut  in  Rates  Promised

Marconi  Company  Officials  in  New  Corporation.  Hint  at  Radio  Improvements

    Wireless telegraphy is to be enlisted to promote the after-the-war trade relations between the United States and Central and South America. A chain of high-power stations will be erected which will connect all of the Americas for commercial wireless communication, it was announced yesterday at the offices of the Marconi Wireless Telegraph Company of America, 233 Broadway.
    The Pan-American Wireless Telegraph and Telephone Company, a Delaware corporation, has been organized to control and operate the proposed chain of wireless stations. Edward J. Nally, the vice-president and general manager of the Marconi Wireless Telegraph Company of America, has been elected president of the new corporation. It is understood that the older organization controls a majority of stock in the new. Mr. Nally said last night that work would begin on the stations in the United States and Argentina after the first of next year and communication for commercial purposes would be established within twelve months. Other stations will be built as soon as materials are available, it is said.

To  Use  New  Inventions

    "We are going to use new inventions," Nally declared, "which will make wireless absolutely reliable. The improvements which we are going to introduce will add strength to the system of wireless telegraphy at its weakest points.
    "The development of the wireless is still at an early stage and its potential ability to bring nations closer together economically and socially is incalculable. Our corporation, on whose enterprise the United States government has set its seal of approval, will be able to reduce the cost of commercial messages by at least one-third. The effect of this, together with the more efficient and more rapid means of communication that we plan, on the trade relations of the United States and Central and South America is bound to be considerable."
    One high-power station will be in Buenos Ayres and one in Connecticut, the precise site not yet having been determined. Wireless communication with Brazil, Cuba, Chile, Peru and the other nations will be established in the ordered named.
    The new corporation, according to the announcement, has acquired the right to use of all patents and concessions of the American and English Marconi companies, and likewise the Poulsen-Pedersen system.

Personnel  of  New  Company

    Besides Mr. Nally, the officers of the new corporation are: John W. Griggs, chairman of the board; Washington Dodge, of California, vice-president; David Sarnoff, of New York, vice-president; C. J. Ross, of New York, secretary, and John Bottomley, of New York, treasurer. In addition to Mr. Griggs, the directors are: Edward J. Nally, James R. Sheffield, Edward W. Harden, David Sarnoff, Frank N. Waterman, Washington Dodge, John L. Deahl and Edward H. Hopkins.
    The Marconi Wireless Company of America established long distance commercial wireless with Japan via the Hawaiian Islands, and at the time of the outbreak of the war planned transatlantic wireless with England and Norway. A chain of stations connecting Alaska with the United States was put in operation before the outbreak of the war. After the United States broke with Germany, these stations, as well as fifty coast stations, were turned over to the government.