The New York herald., 1875-10-19
WALL STREET NOTES.

WESTERN UNION Assets DIRECTORS EXPOS
UKE-wArERED STOCKS LEAKISo-BoNDs SOLD
TO PAY A DIvDEND-GoLD EXCHANGE ELEc-
TIoN-mssoURI PACIFIC AND DENVER AND
RIO GRANDE.
The erpost in Sundays HERALD Of Western Union
Telegraph affairs a sad blow to the friends Of that
corporation. The stock Of Western Union declined TO
low point, account Of the analysis OF the recent
report By the affairs Of the American Dis
trict Telegraph Company we're confounded with those
OF the
GOLD AND STOCK TELEGRAPH COMPANY;
but the affairs Of the latter, represented by in
owners and friends, are wise complicated with
Western Union The writer had interview yesterday
with ono OF the founders and directors tho Gold and
Stock Telegraph Company and received the following
Information
| 1.-THE Western Union company does not share
IN the American District corporation but owns about
$4,000 shares Of our stock. This stock however, did
not cost the company 100000 and perhaps not one
penny President orton, in his report speaks or the
$1,000 shares OF our company owned by the Western
Union as worth par whereas not one-third Of that
amount am sorry to say could be realized on IT. If all
the assets OF Western Union estimated in the same
way am sorry for the company. The Gold and Stock
Telegraph Company originally started with nomi nal
capital OF 5000 000 In few months this capital was
increased $500 O00 then 81 600 900 and nay to
81 $50 600 at which figure Mr.. orton found it-thor
| oughly watered. Now comes
/ SECRET STOCK.
mt Orton threatened that fhis company did not OBJ
tain an interest he would introduce the Phelps printing
instrument, which was rival and which he had
some control Frightened hs threats the original cor
porators agreed 10 give the Western Union share and
the stock was doubled-watered in fact, ST. $50 600
morel The only compensation the Gold and Stock Tel
graph Company received from the Western Union was
tho right TO distribute subscribers reports Of foreign
and domestic commercial news by printing
instead OF by manifold pencil slips, as had previously
been done by the Western Union under the name OF
THE COMMERCIAL AGENCY
"The Western Union got 81 100 600 of the stock to
add its wonderful show OF assets represented by 900
/ shares OF stock Mr.. urton might by the same show
OF fairness, take to the Western Union company lot
Of second hand stereotype plates upon which school
books pr nted few years since and put them in
assets when they worth no more than Old type
metal But the feature of this affair remains 10
be told Five hundred thousand dollars worth OF their
bonds were
SOLD AT FIFTY CENTS ON THE DOLLAR
"rhis was TO raise $3.50, 600 with which to pay on
old debts, TO enable the Western Union TO pay
its late dvioend-I am not sure which Before tho
company taken by the cormorant Western Union
II able to pay its stockholders legtimatey earned
dividends now with its rivalry OF the Manhattan Com
pany, do not know where the next dividend is to
come from.n
Lake Shore continued to be purchased yesterday by
the late pool in it, Notwithstanding strong parties
selling Pacific Mail was strong on account Of tho
arrival of a steamer here-the City
OF New York-belonging to the line IL
is understood there are favorable statements in
regard to the business of this company about 10 be put
forth, but awaiting them and examining them in COM
parlson with the Vice Presidents late letters will be
time enough TO indulge in rosy anticipatons
AN BLEcToN AT THE GOLD EXCHANGE
resulted in the selection il is believed of the following
officers President, James b. Colgate; First Vice
President e. Bragew; Second Vice President, &. e.
Arthur Treasurer r L. Edwards; Secretary, W. p
Westcott; Executive Committee-J +. Under
hill, c. G. Moreno, H R. Moore, W. r.
Bend, James Curphey, j. S. Cushman C Har-
rer, Julius Halgarten, Dewitt O. Lawrence; Finance
Committee-Eugene 8. Bain, George d. Arthur James
Seigman, w. Harman Brown, L. Christian Meyer
Arbitration Committee-Townsend Fox G. A. Fam
shave J. Il. Cross, c. Knaubauch, of Clarkson Com
mittee Admisson-John Hone, Jr.; Cortlandt NJ
Taylor, +. W. Good, Thomas Robbins, Jr., c. A
Grymes, William Mcclure
MISSOURI PACIFIC.
The Committee of the Missouri Pacific stockholders
convened at the Office OF A. Baylis and organized by
choosing that gentleman chairman, and G. T. Timp-
secretary The committee transacted business,
but adjourned to meet tomorrow at twelve O'Clock in
conference with the directors Of the Atlantic and
Pacific railroads
DENVER AND GRAsDE RAILWAY.
The seven per cent gold coupons of the Denver ana
BIO Grande marrow gaugel Railway and the six per
cent gold coupons of the Central Colorado Improvement
Company both heretofore paid at the banking house Of
Messrs. Duncan, Sherman II Co., will be paid on and
after November / by Messrs. Rntten l. Bonn No So
Exchange place. six per cent dividend the stock
of the National Land and Improvement Company, of
Colorado Springs, has also been declared and is being
! paid