The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-08-11

But Mr. orton admitted that Commodore Vanderbilt
was a large of stock in the company; he would
not say how much.
RICHMOND THE FIELD
And now we come TO another company which has
been started rival TO the two old ones and which
bids fair to start under very good auspices This
pany is to be called the National Telegraph Company,
and will have its headquarters in San Francisco where
its chief ncorporators reside The incorporators
said TO be very wealthy, and the capital which they
are said 10 control and their names are as follows:
Controlled
Names. Residence Capital
Michael Reese. San Francisco. $l2 600 900
Calvin W. Kellogg =. San Francisco .... 100000
James r. Keene San Francisco. ....... 5000 900
Faxon d. Anterior. San Mateo CALI. 1000 900
William sharon. -. Virginia City, New. 2OOOOOOO
William BuEing San Francisco. ....... s. 900 900
Alfred A. Cohen. Alameda Cal. 100000
The capital OF this company is said to be s25 900 COO
81 600 Of which has been subscribed and ten per
o cent t OF Subscription paid n to The treasurer
paper, and there be no reasonable
doubt but that the new company viii start with good
prospects as far as money concerned for the directors
all known TO be very wealthy and capable ener-
gec action 1t is designed to at begin the erection
OF direct lines between New York and California and
also in the Dominion of Canada and they propose TO
erect To- 600 miles of Geographic lines
IN STREET.
The opni2n in Wall and Broad streets seems to be
that Gould has managed to create feeling that he
trolls the Western Union, but there not any seeming
Mr.. William orton yesterday morning at the private
Office Of that gentleman in the third story Of the West
ern Union Building and had conversation with him in
regard TO the different subjects advered to in this
article While conversing with Mr.. orion Mr. Simon
ton, Manager of the Associated Press, in and
took seat Mr.. Smonton in relation to the matter
stated that he believed the California party had money
but that if the public knew all he, Mr. Smonton knew
they would not take so much stock In the new
ment Mr.. Orion is handsome man, with full flowing
whskers and has large orbed dark eyes and very bus
mess like aspect Mr.. Orion shown the HERALD ed
ora on the Geographic muddle and he put his glasses
on and read il carefully.
WHAT PRESIDENT ORION THINKS
Mr.. Orton after reading the HERALD article, spoke
The general tenor of the article pleases me, and
think that the writer of it should be in my place
President Of the Western Union Company and / in his
though do not say that could fill his place by any
means Its candor pleases me- Telegraphng cheaper
in the United States relatively than in any other coun
try in the world Over considerable portion OF the
United States is cheaper absolutely for like distances
In the other countries Of the world does much
than pay the current expenses of its operation think
other country does pay the expenses of operation
and annual extensions. The telegraph has TO grow
element of the growth of all civilized countries Now
why private company in the United States should 60
beyond the ability OF any or all the governments the
world is ihr question TO put why should the pro-
prieors Of telegraph lines in the United States be
obliged TO cheaper the prices OF their any
than the proprietors of newspapers Now the NEW
YORK HERALD has doubled its subscription price and
than doubled its advertising rates during the last
ten OF twelve years. During the period of time
the telegraph hines have been extended enormously
thousands of miles Of new lines have been established
its service improved in efficiency and the rates have
been
REDUCED MORE THAN oHE.HALP
Tho Geographic business is in effect business OF writ
ing vast number of short letters for the public Now
one man can only write given number of letters in
gwen time, be they long or short The cost of writing
these letters is not reduced by an increase in the
number written, because when the number
exceeds the capacity Of the present staff
additional writing operating assistants must be
employed The idea therefore that the Geographic
business some time or another, under management
can hO
conducted on the postal card plan prohtaby to It's
owners is one Of the absurdities which do not care TO
discuss.
Mr.. snoNroS-Yes, that's it exactly; that's what
you want TO say.
Mr. ORION (contnuing)-of course If the govern
ment choose to undertake the telegraph business ande
willing 20 run it at enormous loss annually the
case with the postal service they may do So but with
the startling results of the past five years operations of
the British postal telegraph service before think
our political managers will be inclined to go slow.
The reporter then asked Mr.. Orton If the rumor was
true which seemed prevalent that the Western Union
Company had resolved to purchase the lines OF the
Atlantic and Pacific Company and TO merge It's business
IN their own company
MI. oRToN-so far as know we are not going to buy
any other lines at present Yet liable to buy
than we can build them. The majority OF all lines that
the Western Union Company have bought since / have
become connected with IL have been obtained that
basis. This IS a growing business and want
facilities. Whenever we can buy cheaper from a COM
petitors line than build it is interest TO do
So About the proposed California line cannot bring
myself TO believe that il involves anything serious or
that it promises anything serious. / have
Of knowing anything about 1t its propretors.
don't know whether Mr. Gould any stock in the
Western Union or not know that Mr.. Vanderbilt is
large stakeholder in this company. not indisposed
10 think OF Mr.. Gouds supposed connection with the
Western Union Company, but do not know Of his
having any connection with our company.
On leaving the building, in talk with some OF the
employees OF the western Union Company they seemed
to think IL more than probable that there would be
union Of the two present rival telegraph companies and
then that the rates would be advanced and in joyful
way they concluded that advance in their salaries
would assuredly follow the proposed absorption of The
Atlantic and Pacific company
ATLANTIC AND PACIFIC COMPANY
call made at the Office of the Atlantic and Pacific
Company, which also owns the Franklin linesS almost
opposite in Broadway and Mr. Chandler she secretary
and assistant manager during the absence General
Eckert who has been sick for some time past was
In connection with the OF absorption and
purchase Mr. Chandler admitted that there had
been some talk of the kind preached among
the directors, but believed that il had ali
passed away and that there not now any intention
OF the sale OF their lines In to the question
II Mr.. Gould did not the Atlantic and Pacific lines
on "he quiet" Mr. Chandler denied the rumor and de-
clared also that he knew that the Union Pacific
Company, company had owned one third of the
stock Of the Atlantic and Pacific Company and be never
knew OF Gould owning twothrds of the stock OF the Al
lanc and Pacific Telegraph Company. He said that
possibly some stockholders Of the Union Pacific might
have held stock in the Atlantic and Pacific Telegraph
company as individuals, but never a company