New-York tribune., 1875-09-02

after the meeting OF our Executive Committee had ad
journed, but after the adjournment received
note from the Atlantic ana Pacific, which stated in sub
stance that the directors mad been unable to agree upon
the proposition regarding consolidation OF the two Cou
panes on the basis named"
"The statement that, the event OF CONTAMINATION
Of the proposed consolidation OF the two Companies
was the intention Of the of the western Union
Company to advance T. rates to the West and else
where." President Ort0n continued, "is wholly incor-
rect. The recent advance to points within compara-
lively short distance from New-York involved an in
in rates OF only about ye cent in most cases
and the rates are still below the average rates OF
the United States. The rates for the whole
country based on airline distances. ana
gradually increase with the distance until they reach
81 so. which Is the maximum price for ten-word mes
part of the United states that reached p
wires. have desire TO do very large business
between distant points the price for messages
that is charged for short distances, but have great
ambition be able send to any part OF the
United States at a cost In greater than 81 Tile
Western Union reduce its rates to tho price
mentioned sooner, il il can have the whole tele-
graph business of the country under its corto, than
its plans are obsructed by the interference OF competing
lines
DR. Green Mt II the Western Union stated
in converse lion with reporter that, while the neco-
tations for consolidation of the two Companies had rn
dOubtcdy been broken OF for the present, 1t only
amounted 10 a little delay. The Atlantic and Pacific
would never obtain anything better than the propc> on
Which he supposed had been before trcir Board OF D.
garding tic recent decline in western mon
stock DR. Green sai In oubtcdly some Of the heavy
huders the stock began selling two or three DAYS ago
and when the price BEGAN 20 decline, others iet uneasy.
always the at such times ana tn- only enueu
further 10 market But, considering that 9J,Ooo
shares changed hands Yesterday, THINK the
pu.chnsrrs a decline OF only about two per cent;
As tie reports abcu jay Gould, cannot tell whcther
lc has unlOdcd his Western Union stock or not am
opinion that he has sold some stock hut now nch
ami whether from pOllcY or necessity cam say WI
disposed TO believe however tha he l. still IN favor OF
lease the Atlantic and Pacific property NY best m
formation indicates that he sTOye peTsiscnty ana 10 c
cnl "a ratification OF tnr proposed agreement III n4
own Board. well as esewlrrr ana also lnat ne Is SUN
friendly 10 the plan and expects Ultimately 10 carry IL
out"
director Of the Atlantic and Pacific Tclc graph Com
pany admitted Yesterday that ~ the meeting of their
Board Directors Tuesday last. they had been unable
atrec upon the proposition to ea.e tEc property OF
the Company TO the Western Uni N upon the terms pro-
posed. III the other COMPANY he Sad. - bad Dccn
willing 10 allow ikI dividend upon q capital Oh
81 900 900 instead of Sl.5OOOU0 tlnDk this wnlli
have satigfcl orr directors" TIE Atlantic and PIcihc
lines the heart OF the country VII re- IN"
greatest amount busn u to hc found III IL ruc
we have paid no diyidcnis, because W.
nave used the money in extending ana lhi-
proving our lines liv doing away with The conf
ilaf between tlc two companies large sum may
consideration III d,cding upOn equitable bass of cor
solaIOn. IL for this tAat some OF our az
rec;Ors not satisfied with the terms OF Inc proposed