Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1872-12-20
DISPATCHES
SPECIAL tothe GOLD HILL NEWS
DOMESTIC INTELLIGENCE
Tho Postal TeIegrsph hin.

The Psstal Telegraph Bill.
WARRINGTON, December 90 The
Postal Telegraph bill, reported yester.
day In the Senate by Ramsey, from the
Committee on Po~stoflces, Is the Hub.
bard bill, with sundry notifications.
The Postmaster General Is required, az
soon As practicable, to establish tele.
graph offices at all the postoflces on
the telegraph circuit, and at Others
within ten miles Of where the salary
is at least $500 per annum, and at
other places where the wants Of bust.
require. The charge for trans
mission shall be not less than one cent
per word for a circuit OF $50 miles,
counting the address and signature.
and shall not be less than twenty-five
cents, except In cases Of night mes
for which a thousand miles Is to
be a circuit. The tolls are to be pre-
paid by. stamps. Messages to be de-
livered within one mile of the office,
free; above a mile, the rates to DO
fixed by the Postmaster General.
Press reports, one dollar per hundred
words, not exceeding fifty miles, at
aud two dollars per day,
with drop reports at intermediate
Of fifty cents ut night
and seventy-ive cents in tho day
time. The rates for press associations
shall not exceed those now paid. Five
cents postage shall be paid on each
press dispatch. The Fourth Assistant
General shall be appointed
to supervise the administration Of tho
The Postmaster General
Is also authorized to contract with the
Telegraph Company for the
transmission Of correspondence by tel
egraph, as his agent, for ten years &C
cordlng to the provisions OF this Act,
the right to construct and provide
lines on all post roads and to all postal
offices, and may take posses
sion Of the same In case Of failure to
perform service, and contract with
other parties therefor, charging said
company with the loss. The capital
stock of the company shall consist Of
ten thousand shares, OF the par value
Of one hundred dollars cash, paid up,
to be increased BY an amount equal at
par value to the cost Of lines purchased
or constructed thereafter. Telegraph
In actual operation are al
to sell to this company at a val
to be fixed by five dislnterested
persons, two to be named by the Post
master General, two by the seller, and
one by the four. previously selected.
The company Is also authorized to es-
offices independent Of those es-
.ablished by the Postmaster General.
Any postmaster may act as operator
with the assent Of the Postmaster Gen.
,ral. The company may make special
contracts with railroads, persons, or
associations, for the use Of the wire.
The Government reserves the right to
,enew q contract or annul q franchise
or neglect or failure on the part Of
he company.
Che Eric Comprsmiso with Gsald.
New York, Dec. 20.-The settle
nent of Jay Gould with the Erie Com.
,any was the main topic of converse
Ion throughout the city last night.
L Is everywhere regarded as a grand
.riumph for the Erie. The proposal
or q settlement was communicated In
|. letter Of Gould addressed to Presi-
lent Watson OF the Erie Railroad, De-
,ember 18th. In 1t he stated that since
Ills resignation Of the Presidency he
had been prepared to make convey
.nces to the company Of property be-
to It which he held In his
name, but to which no says he never
made any claim during his administra-
lion. He made various purchases OF
property for the company with mo-
neys Of his own, the benefit Of which
accrued to the road. Upon the con-
placed by Watson on his &C.
counts he was charged with all these
moneys, and hence he believed the
In question belonged to
him. and II they were now transferred
be should be credited with their value.
to the state In which he was
compelled to leave his accounts on his
from the company, and
The loss Of M Of his &C.
count books, some things remained
unexplained. The various pieces Of
real estate In dispute, therefore, he
proposed to convey to the company, In
addition to the Grand Opera House
md adjacent properties owned BY
Fisk and others, he says, for
The sake Of peace. Watson thereupon
that he considered this fair,
md would at once lay the subject be-
fore 4 special committee. Gould yes
,erday made the following statement
10 a reporter: "Since the Erie war my
object has been to obtain a series OF
roads, under practically one manage
from New York to San Fran
cisco, and In this way to obtain a fair
hare of traffic and that which accrues
Il either terminus. How we'll / have
may be c e from the fact
hat the Lake Shore, Michigan South
arn. Chicago and Northwestern, Union
Pacific, Hannibal and st. Joseph, Chi.
ago and Rock Island, and Erie, are
now controlled by mel who nave
common interest; that the Canada
and Wabash are also partly
IN our hands, and even the Pacific
Mail Steamship stock Is under our con-
Gould's object seems now TO
be to enhance the price Of Erie stock.
!. ~, .na that ha NAV be measurably