New-York tribune., 1867-06-24
MERCHANTS UNION ExrREss COMPANY

CARD. .....-
To he Ediior Of The Trtbtme
SIR: | notice in to-days Issue of The Herald the
statement that has been commenced for an inunc
tion against the Merchants Union Express Company
for receiver Of its property, on the grounds Of the
reckless sauandering the money OF the Company, It's
present insolvency and the attempt on the part OF por
ton OF the officers the Company effect for their own
benefit secret and clandestne arrangement Tor winning
up the Company"
II IL not that any suit OF this character mas pce
commenced against this Company but summons ana
ot,nlnnt was Yesterday served on individually in the
CITY OF Auburn wherein the above charges with many
others equally false and ridiculous, were set Iofth
The coIupaint k but part OF the tactics of the enemy
being tissue Of faseoods and every material allegation
therein is utterly and reckessly untrue.
The proceeding although taken in the name OF an IN
dyidual il evidently instgatcd and controlled by the
managers of the old Express monopoes, and an unscr
lous ring stock obbers who have from the date ofthe
organization of the company sought by every device 10
depreciate its stock aud shake the faith of its stock
holders and the public in the value OF the Stock
Relieving this the fact we shall inerpose no op
,.cl IN full and complete investigation, but, on the
ontrarv we shall court such investigations when we
baI dsprove every material allegation in the complaint
and satisfy foes as we AS friends that the facts set forth
in the recent report OF trustees are literally true
So far from the Company being lnsoVent the iac' Is
thai Il owes no debts and has owed any and tere
A
there not been several hundred thousand dollars IN
its treasury It's business never more prosperous
than today and its receipts have rapidly Increased from
,he date of commencement up 10 tins time; ana drhs
the same time the receipts Of the old companies nave as
rapdly diminished. The returns to the United STATES
Revenue Office show these facts. From them as pun
ushed II appears that the receipts OF the Merchants
Union for the single month OF May just passed were
renter than those earned by any express company
IN the same time; and within apou $1,000 Of the re-
cept OF the American Express Company Tor the Wnoe
of asst quarter embracing January February ana MARCH,
and for the month Of March last were greater than the
receipts OF the United and American Express Com
panies combined. ... .r.....l EN- -i
No company OF its magnitude was ever mahageo an"
operated with greater care and economy
IL il running more miles OF line, and doing larger
business and equipped than any other express
company In the United States, and Its stock Is "thoue
doubt ntrnscly worth far more than that OF any oer
express company. T. fTT ffrly
'ToneAng the "secret and candestlney arrangement
referred TO- it is simply ridiculous as well as rcefieS'y
and wuntonly untrue. e "a 9FfhN =.
The complaint win be answered at onee anu 'he '''
forced 10 trial at the earliest day IN kNArr'
secretary Of the Merchants Union Express Company.
Ocfe, Mrchans Union E1press Company NO. Soo o'"a"'
,eay Ncc- York. June %, 1867 -- ...s