The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1866-12-20

I The Merchants Union Express Company.
! we copy the following from the Kankakee ILL.,
Gazette, made up from confidential letter received
from one who is thoroughly acquainted with the in
side workings of the Company
| The Merchants Union is now run on business
principles. Jar and square. No goods are carried
at a loss, and all goods billed at rates which,
.Wnlle they fully remunerate the Company, will in
sure to the pubic such reduction on the old rates
as VIII make 1t for their interest TO aid in sustaining
| the new company.
! In regard to its permanency the American and
United States have both full paid up stock. upon
wh1ch no assessment can be made while the bulk of
their surplus has long ago been divided The Mer-
chants Union; has even now quite much money
| OF y .. ponds, which may be considered a fair
equlValent-as the old companies. 1t has the SYM
patty OF the public, and over 5000, 900 yet I'M
drawn on stock, and most certainly with only II per
cent. pald on the entire amount and paving bust
ness already secured. there is no reason WHY its
stock should be worth less to-day than that OF the
American or United States. That its power is al
ready felt, is shown in the fact that since the fn
organization was effected the stock of the old com
panles has declined from 100 to nearly 80 cents
The Company has more Offices and are n,l,,1,ln0
more gaaSes Of tine than eiMer OF the Companies
tah anu at an points where offices have been es
taohshed the business has succeeded their exDec-
tatlons in the proportions OF two to one. In the
northwest they have already established offices at
land Pacific r. R-main lines and brancbes Cb;
cago d st. Louis Milwaukee & St Paul, Milwaukee,
q Frairle du Chlen, and Northwestern and ali its
~
and 1t Is expected that by the LIST of january the iii
lnols Central will be added 10 the list
1hey have also established line to Memphis
Tenn, Louisville, Kentucky, and to Leavenworth
Kansas. and their intermediate points; and since
the old companies have declared policy of non-in
tercourse. the Merchants Union proposes to cover
least possible time the whole territory oc
cupied by the old companies.
tits thought by many that large additional assese-
nents VIII be required to effect this but it is now
understood by those who best know that the com
pany has enough money already in hand for all prac-
Ilcal purposes without such calls
In word the Merchants is believed to be now
llaue 9OSe beyond all contingencies and if firm
gfound Is taken by the stockholders-as it will be-
may ne considered as full success, and so long as
tne present policy Is pursued by the respective com
pan pa must gam rapidly in public favor and 10
suGh an extent that all opposing forces will be com
PEELED to yield to this new candidate for nubic nat
ronage and support" P"'
We need add nothing to the above. feeling as
sured that our citizens generally are fully alive TO
tne necessity OF sustaining institution which is
destined to give them such decided ADVANTAGES
over those formerly possessed and we have more
faith in our business than to believe that tbev
VIII be led away from their own interests by.-"Gen
temen, only give your freights at ha If price nm
til we can succeed in crushing this new and fadD>n
aent upstart which steps in and proposes to vour
business at less than time honored and hitherto
respected tariff and we will then permit Won TO nav
the GOOD OLD RATES again, with perhaps slipbt
advance to cover the cost of our efforts in yopr he
half in effecting so desirable O a result.