The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-07-10

Some five months ago, the western
Union Telegraph Company maze tne
disagreeable discovery That their caole
Clisp9tcbes were already known to a
number of Wall street brokers before
they were known to the regular sub
scribsrs of the company. The Associ-
ated Press receive the European tele-
grams for the use of the press only, but
entered into an arrangement with the
Western Union Telegraph Company TO
furnish the latter with news at as early
a time as 1t Is sent to the newspapers.
The Western Union Company sell this
news to their subscribers, these last
thereby saving the expense of speoinl
kilograms. AS II is of the utmost mo
ment TO receive the cable dispatches at
the earliest possible moment, IL is OF
conrse imperative on the telegraph
company TO SO arrange that the tele-
grams shall be delivered to all the SUD
scribers as nearly as possible al tue
same time.
SHARP PRACTICE OF CERTAIN LAWYERS.
Toapy one who has the slightest idea
of tho nature of the Transactions carried
on in Wall street, IL Is suPerhuous 70
explain that i've or ten minutes gained
in advance in receipt of news Is OF the
utmost Importance, as thereon nahs
thousands of dollars. London or LiV-
erpool quotations are received by the
I
higher or lower than quotations OF
similar stock in New York, and the
broker, receiving such intelligence
buys or sells accordingly. Hence \
becomes an important point that the
news received by all at, AS nearly as
possible, the same moment. rms de-
ponds on the Telegraph Company who
so arrange, or fancy they so arrange,
that no Improbable time inteIVenes be-
tween the moment AT which the cable
news is delivered to the first aud last
of their subscribers. ''If ignorauce IL
bliss" says the poet, " us folly 10 De
WISE" and the Telegraph Company
were awakened from their delnsion by
the willy tricks of certain highly re-
spectacle and Christian members nj
the New York Stock Exchange.
now CERTAIN MORAL BROKERS STOLE
THE CABLE NEWS.
The Western Union Telegraph Com
pRny, as all are aware, employ II num-
Der OF small boys, Mt very small sala-
ries, las ali may not be Rware,) to carry
the cable dispatches to the company's
Subscribers. Certain Christian bankers
OF New York, who sport edifyingiy
sanctimonious physiognomies, and are
strict churchmen, out Of spirit of
pure Christian charity and delicate
feeling Tor tho wants of the small boys
aforesaid, gives one OF the youthful
fraternity who carries his telegrains Il
ten or twenty-cent piece, and with
most unctuous expression Of counte-
nance informs said Intelligent young
ster that as he 1.-THE Christian broker) Is
to be found every day at spot quite
close to the telegraph office, il will save
the dear little boy world OF trouble,
besides saving him ten or twenty cents
n day if he will meet said Christian
broker or one of his equally Christian
and higb-tODed employees, Mt the spot
TO. The boy is quick of conf
prehension, and understands the case
at once. The Christian broker receives
the dispatch five or ten minutes sooner
than the other subscribers, as the boy
is cautioned against being in IA hurry
about his work of delivering the dis
patch; and that the news thus gained
Is turned 70 account, our renders will
readily understand.
NEWS REPoRTERs AND RESPECTABLE
BROKERS'.
But the Christian broker does not
stop with bending only small boys to |
his purpose. There is II character well |
known TO the naioCttY of brokers called |
n "news reporter."' He is generally AN |
ex-employe of the telegraph company, |
who has been discharged for drunken |
ness or some other fault, and who is ac- |
luainted with some one who is still a |
operator in the company's
employ. The ex-employe bribes with |
he money OF the broker, his friend in |
the telegraph office to send him out the |
cable dispatches as soon as they arrive,
and before they get TO the news room of
the company; and having obtained the
sells the news to the Christian
brokers, who thus receive and act upon
1t for ten minutes before the sub 7cribers
OF the telegraph company have received
the dispatch
ANOTHER DODGE.
There are a certain number of New
York brokers who receive, two or three
times day, private dispalcL es from
their correspondents at London, Liver
pool, Paris and Frankfort. A bogus
news reporter, under the patronage of
some highly honorable broker, brides
a clerk or messenger in the Union Tel
egraph Company, through which all
such private dispatches must come, to
bring him the private dispatch. He
opens it, copies II, and gives 1t to his
patron eight or ten minutes before il is
received by its riGhtful owner.
Still other developments have come
to light. All European dispatches
must come, in the first place to
New York, and are sent thence 10 all
parts of the Union. a broker with
sharp eye to business has an ugent, in
Boston, for instance, who has his Office
30 conveniently located that the agent
can receive the telegram, at BOstor,
aud send it back to his con irere ut New
York before the latter could receive it
through the telegraph company, it be-
ing the rule of the latter to telegraph
the European dispatches to the various
points OF the United States where there
are stock boards before sending the
news to their city subscribers.
STILL ANOTHER DODGE.
The bogus news reporters were able
not only 10 control the news here, but
in other cities. This was done by bTi-
bling operators in the telegraph Office
here to withhold the telegraphing OF
news TO other cities for five or ten min
utes, until the news reporters had had
time TO telegraph the news TO their pa
irons in those cities.
THE CHRISTIAN BRoKERs' TELEGRAPH
rs-- SYSTEM.
Having obtained the news by any of
the methods we have described, ii be-
comes, of course, an object with the
broker to communicate IL to those in
league with him. For this purpose va
riouS schemes were adopted. Among
others, during the Luxemburg diff
Guilty, when the flame ofwar was hour
ly expected 10 be spread across the face
of Europe, the moral stock broker con-
ceived "a taste for carrying two pocket
handkerchieis-ar red one and white
one. The red one, applied to his nasal
organ, us he stood by the ash-box in
BrOud street, indicated to his confreres,
whom he could not approach in person,
nprobability of war; the white hand
kerchief, that peaceful counsels were in
the ascendant. Various other interest
ing signs, understood only by the mi
tisted, Indicated the rise and fall in
Erie, Illinois, &c. --