New-York tribune., 1869-01-19
a CARD.
TO THE sHAEEHoLDERs IN THE AMERICAN GgR-
CHANTS Union EXPRESS CoMPAfsr, AMI, TO

7 CHANTS Union EXPRESS coMPAEY. ANIy TO
I TIE PUBLIC.
The undersigned, rs President of tIss Amer
can Merchants Unioh Express Company having noced
the publication in the New-York papers of CON ,laint 10
an action brought in Tire Court Of Common Pleas OF the
City Of New York. by James NJ Mevicker as plain.
, against the undersigned, President OF tho Aneri-
can Merchants Union Express Company and Others, as
deendants- deems it bs daty stockholders
and patrons OF said frstnamed CompGnF the following
statement:
First It is known TO rs undersigned that the sal,E'
suit has been ustgated now being in
the OF ead Mcycker by stock speculators
and others having interests In hostility the American
Merchants Union Express Company and for the purpose
Of obstructng and impeding tho business operations of
the said Company and in the sole interest OF parties op
posed to such organization and to the interests OF the
stockholders therein, with view to depress the market
value OF the stock.
Second That the organization Of the American Mer
chants Union Express Company is, and since the first
day OF December 1868, has been accomplished fact
That since thar date no business has transacted
and is being transacted, by the OF
either the American Merchants Union Express Com
pany. but the consolidated Company has been and now
s in the successful prosecution OF business all the
lines heretofore operated by said original companies ard
that the practical results OF the business under such
ganzaton have been satisfactory and profitable AND
have than expectations That large majority
Union E1pross Companies have been already voluntarily
converted into the stock OF the new Company
Third The undersigned desires to call special attention
10 the following false belOu and malicious portion OF
such complaint, and which designed njuFe busi
ness standing and pccuniarE responsibility Of said
Company, viz:
"Tbat the American Express Company has not the
ability to continue the business Of the consolidated
panes without the OF the assessment Of five per cent
npOn tho stock of the Merchants Union, and the only
funds the treasury Of the consolidated companies
or will be the amounts received from such assessment
that this will only postpone the bankruptcy
OF the two companies for brief period, and II loss OF
the companies such could eBy be paid by another
assessment upon the Merchnns' Union"
In the above. the undersigned says that at
tho time OF the consolidation of sed Companies each of
said Companies perfectly solvent aud capable Of
continuing the business upon the lines then operated by
with perfect safety the public; and that the cOnsol
dated Company is the and possessed OF more
than 100000 OF actual property and cash. without
indebtedness and that the current receipts OF said Com
pany the consolidation have been, and are,
much greater than the disbursements and that
express company has ever existed IN the United
States with equal facilities for tho transaction OF bust
ness capable Of transacting its business with equal
safety 20 tho public.
The orignators OF such libel win he duly prosecuted in
the the responsible authors thereof
be eascertained.
The object aud intent OF these malicious and unwarran
able attacks upon the American Merchants Union Ex
press Company should be known and understood by the
stockholders and the public and when 20 understood will
upon the authors Of them Answers now being
prepared by the different defendants in said acon de-
nying fully and explicitly the oi misconduct therein
alleged aud all Of the allegations therein contained de
rogatory the responsibility OF the American Merchants
Union Express Company and the undersigned earnestly
hopes stookhoder in either the American or Mer
sstsS' VIII nhO" HHi'ch pJ
these shallow devices to be Induced TO sacrifice his stock
In the market. TO forbear to ava himself Of the bene
s heretofore anticipated. and manifesty resulting
from such consolidation.
The undersigned will only add that there Is nothing In
the proceedings above mentioned, in any other pro
ceeding now pending. which prevents the stockholders
IN the American and Merchants Union Express Com
pancs from surendorng thercercaes pursuant to the
terms OF the consolidation. 90 become legally enti
tied TO the thereof Nor is there anything In
such proceedings which nterferes with The regular bust
ness OF tho Consolidated Company. The undersigned
has been advised and has doubt that such consoda
ton cannot be disturbed and that the true interests Of
all parties will De best projected and promoted by the
earliest conversion Of shares yet outstanding
Ee,o- York Jan ls 1869. VIM g. FARGO,
President Of the American Merchants Union Express Co