Herald of the times. [volume] (Newport, R.I.) 1849-1856, 1850-07-11


because many Of the stockholders knew
nothing about tn g underhanded operations
which were going on, while few men
we're exceedingly busy in arranging mat
ters TO suit themselves, and which would
accomplish the result which they desired.
They packed Committee, a majority of
which was composed Of our personal enc
mics. They instructed that Committee TO
eaH upon such as they thought might want
the Line,-and then to GIVE IT TO
WHOEVER THEY SAW FIT,-and
not to the highest bidder, as il should have
been, in justice to all the stockholders,
many of whom were no: presen, when this
Committee was appointed, in consequence
Il o. a rant of notice, as We have before sta
led. AS soon as we heard what had been
done, we were satisfied that certain mana
gIng me1 in this matter were determined
that we should not haze the control of the
line, at any rate, and it, therefore, mat
tered MT what terms we might offer, we
should be cheated out Of il by some kind
| Of legerdemain We then concluded 10
have nothing to do with it, and SO stated to
Messrs. Henry Bull and David G.. Cook
when they called on us, last Monday after
noon, and asked for our terms. A short
time after this, our business partner came
in, and we stated to him what had been
done and said. lie, however, concluded
to put n propc sails, but had not The least
expectation that justice would be rendered
TO the firm. Mr.. Norman has the exclu-
sYe control Of the business affairs of this
office, and we never interfere in their man
agement he wrote out the following pro-
posals, which were sealed up and directed
to "David G.. Cook. Esq, and others, Com
mittee Of the Newport Telegraph Conpa-
n.y.
NEWPORT, July l, 1880.
Messrs. David G.. Cook and Others,
COMMITTEE of the Newpor, Tele-
graph Company.
GEN.
We propose 10 hire
the Newport Telegraph Line, for ore year,
for which we will pay the Company four
per cent per annu;n on the capital stock
(S2 ,250,) The line to be KEEP, in order by
us and at our own expence, during said
time.
Should you scceTt our terms, tho Office
room from the Ne,cs office, and will be op-
Grated by competent young man whom
we shall employ for that purpose. We
should also post all news recei~ed by Tee-
graph, on bulletin al our door, as soon as
received.
The rules regulating the office would be
those established at other Offices and we
should put the rates for despa,c hes as low
as we ossibIy could, for our own benefit !
a. well as that Of the public, in order to in
duce patronage.
Yours verv respectfully,
CRANSTON & NORMAN.
Mr.. Norman handed these Proposals |
SEALED, to David G.. Cook, at four o.
clock. Monday afternoon. Up to half past
three clock, that afternoon, the bost and
only terms which Mr.. Knsley had offered
were to take the line for The receipts, Civ
ing the Company all he might receive ov-
er three hundred dollars, should the
amount Of income exceed that sum.
Now comes the most HONORABLE |
par, Of this transaction, in which MAORI |
,y of that packed Committee rendered the
AMPLEST JUSTICE to US.
We say that some member or members |
Of that Committee made known TO Mr.. |
Knsey, either directly or indirectly. after
our Proposals were handed in, and before
the Committee held their meeting in the .
evening, what our terms were, and not }
only ASKED BUT BEGGED OF HIM
to take the line, paying six per cent, and
they would agree 10 take their compensa-
ton in Telegrdph,c matter. We mike this
charge, and now we say that such of the
Committee as are innocent OF the charge
caa exonerate themselves, ii they are So
disposed. by making full denial Of it, in
notes TO us, whch we will publish. We
know what We are talking about and we
have the facts in our possession. We ask
what moral or legal rgh, David G.. Cook
or any other member Of that Committee
had to open our sealed proposals before the
time when the Committee met in the eve.
ming, and what right he or they had to con-
vey to Mr. Kinsley, directly or indirectly,
what our terms were, or 10 suggest TO him,
or to Others So that II might reach him,
ihs, he had better offer such and such terms,
and that II he did they would be accepted
We want these questions answered, and We
mean that the public shall understand the
swim ling and dishonest course which was
pur.usI towards US in this matter, purely
1 business Transaction, by our bitter enemies /,
In the fret place, We cay that many OF
the Stockholders subscribed with the assure.