The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-08-08
Great Financial Movement Of Inc Western
Union Telegraph Company.

graph Company has just originated a great
financial movement, which may, perhaps, ena-
BILE 1t to pay more than two per cent per annum
dividend to its stockholders out of its large
earnings and send its stock, which has been
below thirty per cent, up to respectable figure.
The company has, we learn, made some sort of
an arrangement or bargain with DR.. Swim
burne, the Health Officer of the port of New
York, by which these enterprising parties are
to monopolize all the ship news arriving in the
harbor and to peddle it out to every needy
paper for whatever its proprietors can afford to
pay. The profits from this business will
probably reach nearly or quite five thousand
dollars q year, and if by this great increase Of
business and the extension of its monopoly
from Sandy Hook under the water to the
Quarantine grounds the Western Union Tele-
graph Company can swell it's two per cent divi-
dend and send up it's stock fifteen or twenty
per cent, We shall regard it's managers as great
financiers.
For the past six months the HERALD has had
two steam yachts running in the Lower Bay
and gathering the ship news. This new sys-
tenn, which we originated for the benefit of the
commercial public, has enabled US to place be-
fore our readers full and authentic reports of
all ship news from day to day more speedily
and reliably than they ever before received
them from any other source. The combination
between the Western Union Telegraph Com
pany and Health Officer Swinburne seeks to put
stop to newspaper enterprise, and for per
sOnal considerations to assume the power to
dictate to the press how it shall collect its in
telligence and to the shirowners to whom they
shall communicate their news. The attempt
is as presumptuous and impertinent as it is
illegal and disgraceful The Health Officer and
his deputies, who all have finger in the pie,
have assumed the power to arrest two of our
employees engaged by us in the collection of the
ship news For this unwarrantable stretch of
authority we shall seek the proper remedy.
But in the meantime we call upon Governor
Fenton whose intelligence must at once sug
gest to him the improperly of his officials
conduct, to remove DR.. Swinburne and appoint
some sensible and efficient man in his place.
When Health Officer neglects his proper du-
ties for the sake of making outside combiua-
tions and interferes with matters that do not
concern him it is time that he should be re-
moved from so responsible position
Condition Of Affair. in LouisIana-The Policy
of the President.
The letter of Governor Yarmouth, of Louis
lana, to the President, calling for two regiments
Of cavalry, regiment of infantry and bat
terry of artillery to preserve order in the State,
a very bad and gloomy state of
things. His Louisiana Excellency says he has
no doubt hundred and fifty men have been
murdered in the State within the last month
that bands of armed men rove about unmo-
Tested and unpunished, committing the most
terrible Crimes particu larly in the northern and
northwestern parishes, aud that the sheriffs aud
other civil officers proclaim their inability to
stop crime or arrest the criminals. Altogether
the Governors communication is very lugu-
brious document In making this call upon
the President he confesses that the Organiza
ton of the militia for the suppression of these
Outrages lis Of questionable expediency, mas
much as it will be- under the present excited
state of mind, one political party armed to the
support of the government against another"
Here. then. lies the whole mischief. 1t is
war of political parties. 1t is the natural result
Of radical reconstruction and the efforts of the
radicals, many of them outside Northern car
pet-baggers, who neither have any abiding
;ptaraat in tho State nor svmnatbv with tho
population. to disfranchse the native citizens
and to control affairs for the sake of the Offices.
As consequence this excites bitter hostility
and outrages on the other side. Western and
northwestern Louisiana, with the bordering
sections of Texas and Arkansas, were the
most lawess portions of the country during
the war. Even the Confederate authorities
could not keep down the bands Of robbers and
independent guerillas there. federal army
could not do il now under the proscriptive
tyranny Of radical rule.
However, we have no doubt Governor War
mouths representations are greatly exagge-
rated, as well informed people from Louisiana
and our Washington correspondents state.
The truth is, there is a probability that the
democrats will carry the State in the approach
ing election by twenty thousand majority or
more, which alarms the Governor and his
radical confreres. and they want the United
States troops to help them out of the dilemma.
They want the aid Of the federal government
to defeat the democrats, and this is the real
secret and motive in calling FOR troops. What
is the duty of the President under these cir
cumstances2 Evidently to let the rival parties
and factions fight it out among themselves.
Mr.. Johnson, we understand, holds the
matter over for consideration and to sub
NIT it to his Cabinet We do not know
yet what course he will take, but I'M
less there be a positive rebellion he should