New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-04-29
ATLANTIC AND PACIFIC TELEGRAPH COM
PANY
ELECTION or TGUsrRES--ASNuL REPORT oF rRESI-
D.Nr rcKERr-Rx TN ,iON or PAcHnEs AND
LOWERING or RATES.


ELECTION or TGUsTHrs-ASNuAL REPORT or rRESI-
Drvr rcKYRr-PXrtN. tON or PACUIrTEs AND
LOWERING or RATES
The annual meeting Of the Atlantic and Pa
cfc Telegraph Company was held yesterday 30 the
Offices Of the Company No. 19S Broaiw1y IN cleo
lion FOR trustees hold % which 6OoJO shlre were
5ened and the following ticket Was elected nn1n
imously. Oliver Anes Elisha Atkins. 8. l. NJ Barlow
BENJAMIN f. Bates r. Gordon Dexter. Slaey Dillon. O.
NJ. D)IIo, Thonls I. Elk'r,, WIN H. G1on. Jayl Gond,
C. p Huntingdon &. " MINIS J. II. Mortimer, G. J. o.
born c. O. Sampson, James D. Smith, L. D. l. Sweet, W.
j. S. M, ana Henry ~ Tabcr.
Tie new ticket contains - names against 10 on no
previous one The Union Pacific Railroad. which has al
ways been represented large extent OF the Board,
had still controlling interest. c. p. huntington repre-
sents the central Pacific Raroal and !. L. ". Barlow
the Erie Tho now Directors viii organize th!s week by
the reflection Of Gen. Eckert President Al the meet
in yesterday Cen ECSort submitted the annual report
of which the following is a synopsis:
The lines of the Atlantic and Pacific Telegraph COM
pany extend from HcwYOrk CITY VIA Albany saratoga,
Oswego S frongb The ProviIce Of Ontario and Dctfoit
Mich. and the other via C.ncinnau 10 ChlraS" '.i
thence via the Chicago Rock Island. and Pacific liai-
way, 10 Omaha N"l and wa INC u.,ln I'''' y
to OGDEN, Utah. with Va1Ous Dianc ihT ana Win con.
rom1anies and local telegraph companics ~
OGDEN we connect with tao Crl;ml Pachc
anr" With contract With tnat Comgany, the terms I
W ch a1e m tally ad aeeous, al riding the Central
|
Coast. ami the same TO the Pao'ic As Jrd IL your
m slcDts report for The year l.'' tle Al.hlis 'nI
dining thai year majority Of the stock OF the Franklin
Telegraph Company whose Hnee cav i"' r.v ON
CIV coumectins via Ncv-York Philadelphia. ana BDlr.
1noe m MI the most important intermediate cnes and
twns and by lease vi tho Northern Telegraph Company
with the principal towns IN New htlnPsha0 S ~
Telegraph Company extending rom washington my
through the most important citie5, and towns On
Orpan rs'' AZ Ryc Beach, n B we connect by
tract with the Direct United states Cable Company
whose cable is IN perfect workns order '2m rye hh.
y H. to Tor Bay N g. The shore end Of le ocean Gabe
is aId and buoyed ready for connection WIN me deep
cable which lacks les than hundred iniieS, 80
from the Newfoundland coast, W complete comiHuic@
III There were constructed during the year ON Chicago
! to Omaha. $50 miles from Now-York TO Long Lngeh.
line f t@ia 0o OF ndditona lines ~ " ne
orr system of lines and connections covers
| i46l2 miles of poles and 2S.f71 miles Of wire,
"t e Tho number OF miles Of pole Inc in the direct
tl of the Atlantic and Pacnc Company at the clOso
| OF the year was 5.O97. and OF wire. l2,O39
The Authorized ca "a. stock Of The COMPANY I.
Sl0OO00o0 The amount issued at tAo eva OF tbg year
1874 SO.579 loo, leaving balance u 4-l9 shares
| in the treasury. ,.,., pa r. ,-,x
Dee 81 inclusive wero - jOj3l OF; tie gross Expires
were S399ll 97 leaving hes PTYn' ~, qCm,1ny;
funds, derived from sale Of its Treasury stock,
CHASE Of lines before mentioned Tao Company bsd on
hand n the cios' OF 1874 net assets amounting - eV
lima Il
available the extension aud development 81 our ns
and business There also on maud Al me c'e OF
the year materials and supplies Suihcent ior a"u lNo
! monthsuse The Company - free nom doot OF oFoy
| kind. l-... ~.
since the beginning OF this year your Company has
! acquired working possession OF The Amen in AWo
| matte Systcm OF Transmission, which u projected ~
| thirty-siX ind3putabe patents. Inc uSc ol Lt' w
tenn readily admits of instant change rom oiunAy
! Morse 10 automatic at the VIII or the oltiioL
Yonr Company has also purchased the eR'i'HFss
right the use Of the whealsone Automatic ?, siem %
Transmi sson in tho United states and the Island o.
/ cuba. This system has lately been Ia9 h,Th
! in this country 10y Cir Charles Nheatstone' the
! inventor II has for some years been ehvn'
American Automatic some very iDport'nf
advantages the WheatsOnO cialy thal or nuen
greater speed the latter u also most valuable 40
! uuistun Your Company has also puIcha.d ION nc
| Inventor Mr. Thomas A. Edison, and rom Nc Du-luoss
partner aud assignee Mr. George Harrington bo ln'en'
| lions known rs the duplex and quadruplrX.
Ne have recently taken charge OF tlo Mar mo lInes
| New-YOrk to sandy Hook. under an acceptable aslse
nent enabling TO compete for marine news hnd ths
service connected herewith 10 which the great clues Ot
| the coast especially arc deopiy inter Sted. O..
| extending our facilities. by an additional ronle
\ from New-NOrk city 10 81 lHals bo.i HOm
| Chicago TO liilU auAce and nom l%e boaso,
10 Portland Ne. Other and Important NlfhslOB
aud connections 10y which shall reach all ule epins
cities both North and South, under oOn-idoiuuon
with tho prospect Of favorable results The rcIu uen y
rates by our Company whloh LOOK cncg On ~, a. az
February resulted in immediate Increase vi business
throughout tho territory affected by IT, quite cguh 70 our
expectations The gross receipts for NE nf.t li',S
mon Tbs OF this year slsO73G A. TIE increase N
| March over February was over @NVOo ana o'u
| January nearly 5000. ,,.,.
Further reductions would have been made before ths
Iut for the unusual severity OF the weather, Echnns
prevented b. a great the work upon 0ur lines s
would othcrg have been done, ana the ul''o'd'os
delay in the manufacture Of automatic machinery SUI
| icent 10 fully equip all principal OHlccs'