New-York tribune., 1867-06-22

ndtcc and the books and Of the Company To- o.
e Tcmpany Inv The Executive Board, and we fully in
dorse their administration as able, WISE anu pfuuchl,
AND Excc1tlye Committee our thanks for their vigilance
and success In directing the business OF me company
PsSo,rcd That We the Trustees OF the Merchants
Tninu ExprcsS Company sOlemny pledge our hon0r as
hueness men to the rcnd. and stockholders OF the Com
p,"s pnc.,es 70 promote It's interests and success"
In conclusion we would call The attention OF our STOCK
rated by The Merchants Union Express Company aud
owned by It's Stockholders every share IN h tis 1Gpnh
and its earnings. IL Is believed tls VIII prove iarse9
rcmunCrative. and at the same time re'eVe our ilesuS
and stockholders from the necessity o, patronzng os
patch lines owned and operated by those opposed TO
them and us in interest ana we oesS Iof rhs IS 1w r
Storkhodcrs and the business public generally.
EIsosE Z " sEdnKs p Ross w K Kshrr. sT%AhD'jF'
WI G. BEAnnsIEr. JOIN A. GREEN jr,
Executive Committee.
REroRr or TRUSTEES:
CLEVELAND, Ohio, Juno T. 1867.
To ne S0ckhoders Of he Merchants Union EITrcss
Company: At Joint meeting Of the Executive Commit
COMPANY now being held at Cleveland o.. a thorough
and detailed examination has been lad OF the business
We ahe oeTvation of each stockhoder is as rule
confined 10 operations With his more immediate ycln
View OF the whole field Of operations the benefit OF all
We know that tho theory upon which our company y or
ness interests of the country is the only upon which
successful opposition can be made against the past @ nl
iindidy Of capite would never win the victory the
energy OF the business public seeking and determnen
pon TRANSPORTATION at fair business rates can and VIII
succeed The Merchants Union was organized upon a
popular conviction, TO meet an imperhtNc pupmtt
NECESSITY IoO1Rs ana ne hss 'sGrUS this fact
the firm adherence of the stockholders and the the
pany and we believe our ranks stronger. our fnnn,
cia condition more promising ana success more cor'"h
than at the commencement OF the contest 49,
has rep uD ncr the entire contr" of the Executive Com
Goa n2 ne through
every State where the busnessof the company ~ tIhs
acted Joint upon the details Of organization has
been npraccabe The principal support that could bo
rendered by the moral support OF an energetic co
operation In whatever IN our various localities, seemed
to promise the greatest efficiency toward the accomplish
mcn OF our common purpose We desire hoW 10 60 i,i
Their The Executive Committee have submitted to W.
for examination their books and business receipts ana
expenditures losses and earnings We propose 10 smart
with them the responsibility of advising the action die
tacd l,v the facts and figures presented These have
strengthened our faith in success The struggle ior
continuance of the prc6xsting monopoly Of business has
been desperate. protraced, more expensive
than had anticipated
Upon the hand organization has been corrc
spondngly extended and perfected has become more
thoroughly systemazed, and its business has acquired
greater growth. We have examined. also, the system
of retreclnent heretofore and pursued 10y the EX
ecutiye Committee, extending 10 the smallest Item OF
expenditure and business throughout ne length OF our
lines and into the efficiency which has been attained ana
is sconstanty being effected I'm the transaction o business
and have 10 hesitation In p.Un0uncing the Mcchis
Union Express Company. rs IL stands to-day one OF Use
most efficient and and best organized business IN
stituiions Of the country. The Company VIII never
fan because Of Its own incficicncy or want OF com
pctc adaptation 10 the purpose designed ine
sncers which attended the inception OF our enter
prise bascd upon the assumption thit the long cN
pcricncc and peculiar business capacity o our opponents
shcd before Tire dry fact of tho experiment which has
been made We repeat that the Merchants Onion Express
COMPANY exists to-day complete IN it, OrglnIatlun
thoroughly equipped. well Oflcercd prompt ~ iis buH
ness worthy OF support. patronage ana cohnlens e.
Failure, then never lac imputed to The Company NJ
CompaIy We're failure possible would Dc because H.
stockholders failed 10 realize the extent OF the NcN
already gained and lacked the persistence necessary or
SO great work and because the theory upon which the
Company has been organized aud opratcd That the bu
tion wagcd In It's own interest, l. false
The Company has not made money ~ c"'lh nov make
money against four established monopolies covering III
tho railroad lines of the United states and combined ~
IN common purpose that the Express business ol
The country should. IN the aggregate be dnhc ~ "s
rather than that the principle should he admitted that
such business was open 10 competition. We l1yo AZ
least the satisfaction that Their sinandcfrd dNd'hu
aud nearly exhausted resources have chui' a
10 the benefit 81 the business public, While IN
company. We have the fullest that II Will
soon be sesustainin notwithstanding ihe most vigorous
efforts Of our opponcs II ism view ct these hr lh
have unanimously cOncurrcd In advising Tie LNrcu
tive Committee g. make eau upon ne capital ,o,h ."
shall seem strong insist that " shnll hc sir9rf No
actual Indebtedness exists or has been allowed n any
time 10 exit. The Executive committee nav. n mlhei'
at and the spirit OF The Articles or
against any pssslbc losses b accidents Of bushes
but against all tbe contingent Indebtedness arising from
nTsd&'0 irned. &e service 0' i''O'u 'O"'"'' ''"'' ''
II j. for tho interest Of every stockholder that tits pol
fey shall be adhered TO- To provide against every os,-
be contingency Of this knd ~ well ~ 20 meet any nc
ccsary requirements for the purpose Of placing on foot
the Peoples Dispatch" now organized under the pro
prclorship Of the Merchants, Union Express Company
and which win commence operations ON the isth inst
we have advised call of ten per cent upon The capital
stock. II la. been designed for months past 70 ald 10
the facilities furnished FOR express frcghts dispatch line
which should accommodate fully the heavy rghs of oar
numerous patrons which have been heretofore nccc rIy
diverted TO the other dispatch lines thus indirectly
trbung the business Of the old companies NJ rcnnncr
tive prices for heavy frcghts. Arrangements are now pc
fctrd for the establishment Of dispatch line mixing
uuick between X,
and all the principal cities OF the west than aseyer mere
power OF the Merchants Union Express Company 70
accommodate the entire business OF the stockholders nnd
bounds heretofore ixed by the Executive Committee.
probable limit Of lis calls land any excess OF which
rather than that the least peril shall accrue To the enter
rneis Of the Peop Dispatch shall fa to be realized
by merchants and manufacturers at the earliest pos
ment OF the company IN advising the Executive COMMIT
tee remit effort In vigorously carrying forward tho
work committed To IT, and To allow timdity TO prevent
IL from ut all times reposns III the stockhodrrs e same
measure OF fidelity 10 the enterprise which II claims
between the two with Of the responsibilities ~ the
Executive Committee and with all the liabilities ot the
of both for success, feel that can with the same
fidelity with which We pledge 10 The stockholders
OF the trust rcposed In II. pledge 10 the Executive
Committee in return, the firm and persistent adherence
terrise While all believed that less proportion Of the
subscribed capital would be necessary place the Com
pany upon successful footing, have based action
upon the prOracted struggle Of the past and with view
10 councract any possible continuance Of the contest
which the desperation and resources or the combined
monopocs may permit in the full determination that
the enterprise shall, under circumstances be abai
doned nor the field again surrendered 10 remorseess
monopoly. In the struggle we shall possibly IN some
instances part company with the weak aud the tmd but
we shall ally ourselves the strong and the resole and
OF the result we have ground 10 fear.
We appeal therefore.
TYrsf TO our Stockholders by the fact that eDer
getc persistence IN their present efforts constitutes the
only guarantee OF success.
Seeond To the general Public by the fact that as par
takers with the stockholders In MI the benefits derived
from our organization and which has already saved to
them millions dollars In the cost Of transportation, they
should contribute Its prosperity at least their influence