, 1860-10-09
The Press and the refeernnh.

The telegraph Ines Of the New York and
Ne"fqandiand Telegraph Company, extending
from Port Hood to st. Johps aud Cane Race
n. F., asd from eacky'1le, n. B., to tnarlo,tos
dred miles in extent-have been lesscd for :.
term of years by the New Tcrk. Associated
Press, and the services Of LII. a, II. Mackav
the past and present excellent General Suner'
inteadeat Of The lines, have been retained. Tie
new arran ement goes into effec: On the 1st Of
hoFemoer next. Auch more extended arranoe-
menfs ere being made to intercept the Euror can
steamers CT Cape RAGS, with every prospect Of
obtaining newa from q large pro, ortion Of the
passing st!aners. which now number about two
hundred per annun from Europe. arrange.
menta are also in progress by which the com,
me1e;sl public will hare greatly iucreased md
more reliable facilities for i1anla ting Euronean
and other 6usinets over the Newfoundland Iine.
The reason for making tho sbore lease. tha
New York im<s explains - follows:
This step has been taken by the members IF
the Association to protect Themselves aoa;ns.
tbs 'stility with which they ara 1nenacsd bv
th' American Telegraph Company. Since this
corporation ohtaiaed coatrol Of all tue sesboard
telegraph llaes, it has been aiming steadily md
vigorously to perfect the monopoly thus estab
ished, and to obtain absolute and unrestr;cted
control OF news from every part of the world.
The Executive COMMITTEES, in sareral m mnh1.tr
they have issued, avow shei: ceterm1nation tn
break mp the New York Press Association, aud
to tart rival news sgenciea for the supplT Of
te!egr1phso intelligence TO tbs newspapers,
Wnas they seek to accomplish By il. accord
lnR to their own statement, il /, compel tho
nswspapers to e1pend more morey on The tele.
graph. Instead Of having one dispatch uaed
oy seven or eight papers who DIVIDE the ex.
pense among them, the committee think that
asepsfa:e dispatch should come, and be paid
for BY each separate newspapsr,- 80 tha. The
company = receipts for each iten Of news might
the relauona thst ought to exist between the
telegraph and the press, and since the consoli-
dn'ion of their lines, they hare been l. ndinr ali
their energy andiugenuity, and usiup The funda
Of the COMPANY, 10 the realization Of this
scheme.
Their first step was to lease Ill the te,ee-sph
lines from Haiitax,-and then dissolve tbs CON.
psct w4ich had existed between their n.ns1.
and the Prssa for the transmission Of foreizn
news. This was done with the avowed purpose
ot encouraging and creating rival agencies.-or
OF procuring the foreign news themselves in
advance Of the Press Id public, and then usira
it to their own advantage. Il was the develop
ment Of this design which led to the meeting Of
stockholders in the Telegraph Company tome
weeks since, for tbs purpose Of coming 70 some
mutual understanding. The attempt, however,
failed. The Executive COMMITTEES coutrollsd
the meeting and now controls the Company.
and has the power, II well as ths pu.pose, 10
use its Telegraph lines, not only 10 oppfe*s The
newspapers, but to monopcEze the nswa,-qet
it in advance Of the Press aud sell it to speeu-
lators, Ct fpeeulate upon themselves, as 1he
members Of the Committee may prefer.
1tisto prevent the accomplishment Of this
eefsh nud unpTincipled purpose, that the New
York pr=ss has leased the Newfoundland lines
FIR fiEe years: Hereafter nearly al the Euro
peaa news will be landed at Cape Race, and for
warded for the New York press fron, thu.
point The American Telegraph Company can
not just Jet 70 into the bu1iness Of specu!atin0
ir foreign news. They will b underline neces.
sity Of cor6airg themselves for short tims
lougsr to their legitimate business, of forward
ing messages, It fixed prics, and ii regular
order, for persons who choose to transmit
then.
The prssa will take steps At once to render
this line Is useful ~ possible to tho financial
and commercial public Merchants who chooee
TO avail themselves Of it, c.n gaia three or
four daysin their business correspondence with
Europe.