, 1875-08-02
WESTERN UNION IsUnIONS.

tk rnclftc-i1 Enisk with Vicc.l'renl.
dent trcen, or tho western UnfOlt
Telegraph Company.
Sfta 1otk hna. .JHir31.
Tho reported absorption ~ the Atlantic Il PA-
clflc Telegraph line by tho WoBtern Union eavo
riso to no llttlo discussion yratordAy, and tho
general belief In tts truth impa,ted great
strength to Western Unfon atock. In tho after
N. Green. aud vas gransed long intery!ov, Of
which tho following IL tho sntystnnce:
Roporter-Mr. 0rocn ts tha HtorY printoi by
tho Sur this morning relative tn propnncd colt
Company nntl tho Western Union correct ? lilo
a1tcts sai,!. IN brof, that it was r,ln,orcd tt,t
tho Wcntern Un"n was about to buy the capital
stock Of tlo Atlantic l. pactc-Sl0, ,UU0. .U0U-
nuteo tho payment of q per cent annual dlsi-
dend Oh tho 81, 0U0,0 900. In tI.ia run.or t1uc?
3lr. Green--No, not str,ctty. I know that
leading atocIthol1ora Of buti, couca,ns. iuclu-
lug tome Of the officers and Directors, haye
talked tho subject over, bnt I have yet 10 Ioarn
that our Company, Us Il Con,paits, has taGon any
s!epa Iook!ug to consolidation. 1ndeed, Kuol,
ttsng could scarcoly bc !oaaible Mt this nea:ou,
10 town tolay. Hut Of course tho thing aB
bcen talkei over. don't know the basis OF
agreement proeuHcd.
Rororter-Whon you spoak Of tho leading
gtocxholdeis or tho opposision, you alluao to
Mr. Grcon-Ycs to ,Jay Gould and como others.
Jay Gould is tho heaviest man Of the co"coFn, 1
Rcrortc rtcr-1A 10 not heavy holder OF Woss-
cru Union also, h{r. 1rccn2 Has ho hot boou
buying 1t from 70 upwnrd?
Mr.. droon-I suppose !so Ii. ! layo no doubt
10 has been buylng it for lung ,ino. nqt
about tho hasis OF lilo consolidation can tell
yon nothing. 1t may have boon correctly stated
In tho Sun this morning,
ncportcr-WoulI nut \ pnrclaso Ut tilc npro-
sitiol, line at f2 GGD tDp 10 good t!,n,: ior ts
p $%uhIt
Mr. Grcen-.Il,kt sright bc, bit sl'en tho hitch
Is not llere. We arc not aB anxious to thy na
they arc to soil. Wo can hilold to wnit, but il
nll reports arc true, thoY cunnos. When tney
fcorgalizel they employed stair Of officers
from t!lla Company ut salarles greatly In ndTAuco
Of What no wele paying. lieu thnt wo E,aId
81, 509 yonr to ttloy eagREcd ut S5,000, and 10
on; tl'ei, sLcg began to esnyass tue large cities
at great oaEcnhe. to offer rebates on monthly
bills. aud to struggle toward M enlargement Of
thtir buslness iu various waya. From I'LL eau
learn their cansaarinB WAS big outlay without
corr oriostpo;ding t t;a insue. and Tue ssmo may bo
Treasurer says, however, that thoy ulct their OK
peHses laAt year.
Reportor-Do yon think tho consolidation will
30 eventually colhHlEMnted +
Dir. Grecu-LikelY e,i3Igh. hut you SEQ tho
Atlantic d Pacific want lis to buy them ont ut
what thoy are worth to ,lJ, while we want tu buy
them ut what they arn worth to thclnsolsos.
Enthusiastically, then according 10
'
nothing.
Dir. Greou-No. not that The Western Union
Company want to do thu telegraph bl,nnesB Of
thiH country. Uut VIC cAu alro,d to walt we
aso In no hurry. 1t IL tho losing opposition that
ele III hurry. Wo want to wait until VIC eau
buy thcm in aucl II way an to giyo good lesson
TO mon who put their mo.oy Into other telegraph
atOoks.
Eororter-WilI tho consolidation DO couuurn-
mated yoou ?
slr. dsccn-Tlat1 cannot say. As yot uoth-
mE otfciaI Ilhs been doln.
Illo conversation then turned upon tho ateam-
o. faraday, wl1ol, III reported to have tunporar-
hy Eison up her Hearch for tlo brokon direct
cable, and TO hare put lack for England. Mr.
1Ecch raid lie Ind heard that thn shin rent In
search OF hor Lad returned unsuccessful. anl
That rho ht1 abandoned the search. Tho Direct.
Gable Company, ls aAid, wna organized by cor.
tain cable manufacturers md stock operators
IhoIr dcAlgu WIS to start tho Htory OF poHsibIy
successful at oppolent Of Tho Ang!o-Amor'cau Co.
pc GonpanT. aud 70 short OIL It's stock, thus
realizing money enough to carry out their
achetno III part. They sold Ango-Amor1cau at
above 10, mud It declined to b. but Lit. Groom
was unabto to say whether they realized or not
Probably tllev did. Ihs direct cable l1o said
dlaers from the Anglo-Atnerlcan #, that the con-
ductoTs may break Without breakng tue ollter
ososef'nR OF gutta percha. wlereaa in tho litter
tno QUEER covering Ii aur0 to break first thus
rendering tlls discovery Of a iaw comparatively
easy hlr. 9scan did uot appear to lo sangu,.o
rect cable.
subsequently tho reporter ca1lod at tho ot,lcs
q q me Ditoet Cable Company. nnd "at infotmel
taet tho thraday bad returned to England to re.
a., preparatory to Auothes Rttampt tu repair tho