, 1873-10-27

that cost and the present prico Of tho stock Ia
equal to Horno millions Of aollars.
No matter how strongly tho Western Union
Telegraph Company may have protested in tho
past agafnat bctng rayiBhcd by the Government
thcro con hardly be my doubt now tllat Mr.
Vanderbilt, controlling rs In docs the Company,
aud porsonally out Of pocket nome mi]liona Of
dolurs, will DO willing to coll out tho whole con-
corn at considerably loss titan par to any govern
mont able to pay for It. Wo do not doubt tho
elncerity Of tho past opposition to tho Goyern-
mont putohsso by tho ofllcora Of tho Company,
but looks now worry much like choice betwoon
such o Halo and tho bankruptcy Of Vandor-
bilt, who is not only carrying Western Union ut
more than 1t Ia worth, but Now York Central,
Lake Shore, and Union Pacific ut tho
ammo rolatyo prices. In this measure,
seemingly 80 casentlal to his rclof and the re-
lief Of tho holders Of oil this vast property, tho
suggestions Of hlr. Orton concerning .sio fayors
shown by tho compan;; 10 tho officials Of the
United e1.attos aud to the officers OF tho
several Btatos aro not without aigniaoanoo.
domand that the United States should purchase
this telegraph, and take 1t OF Vanderbilts
hands, The purchase would lot Vanderbilt out
Of large share OF his trouble. Eyon as fur ro-
moved from Wall street as the State Of WIS.,
consin, thore comes up voice from
distinguished Governor (whoso oyo-toeth ought
to bo cut by tlis timo), demanding that
tho United States should purchase this
Telegraph Company'a property. So that this
winter, Western Union stock will probably have
its principal market In Washington, and Con-
gresH will bs inportunod from au quarters to
purchase tho e49 o00, 600 OF telegraph stock, and
enable Vanderbilt md his asaooiato gamblers in
this great company to escapo tho conBoquencoa
| Of their reckless and injurious spoculations.
Turning to tho fast page Of N1r. Gardiner O..
Hubbard's pamphlet We are gratiaod to find that
ho is not only profuse in compliments, but is
| disposed to doal uberally with 1Ir. Vanderbilt,
and not drive lard bargain with him. Ho
| aaYs:
Tho postal System recognizes tho rights Of property
In tho Of tho existing inos proceeding upon
| tho ground that to make my plan successful 1t
must avail itscf Of tho services and cooperation Of
the present ablo managers TINT this can only bo ac-
compslel by paying ii1eraty for tho property pur.
chases Of them, aud TINT 1t will 10 much mora advan-
tageous 10 tile public to secure this harmonious CO.
operation by paying argc price for its prop
erty, than to establish Rysto1n at very much smaller
price, but In competition With tho Western Union Tel
cgraph Company
It ia charming to observe that MIR. Hubbard II
willing to pay "a largo price (out Of the Public
Troasury) for certain amount Of telegraph
property. It would DO still moro charming II
ho would pay his own money an1 Gov. Wash
burns for It, for in that cuso 1t Is tolorab1y Ger
tain that hs generosity would not get tho botto
uf his Judgment. In the case OF desporat'
epeculator dealing with tho United States Gov
ernment represented by ar. Chorpenning Cros
vol, with Hubbard as amicus curiu, wo shoult
expect tic 1boralty to DO moaaured very nuo1
by Vandorbilt's greed.