New-York tribune., 1875-07-31
LOCAL MISCELLANY.


VIEWS or vICE-PREsIDENr GREEN-D,sCUssloNs
CONCERNING A LEASE OF ATLANTIC AND PACIFIC
NEGOTIATIONS NOT CONCLUDKD-COMMODORE
vANDsRBILT's DECLINING INTEREST IN WESTERN
ONION MASAGENENT-THE VANDERBILT PARTY
IN TBR BOARD,
The reported leasing Of the Atlantic and Pa
eAc telegraph lses by the Western Union Telegraph
Company continued TO be leading topic OF conversa-
tion yesterday In business circles, and Western Union
stock maintained its rise Of the previous day. IL was
difficult 10 get at the exact facts Of the negotiations
ssid to be In progress between the directors OF the
yiva telegraph companies Mr. Green, one OF the wee
Presidents Of Western Union Company, spoke as fol-
lows "My suppoitioD is that Jay Gould has been ais
cussng matter with several members OF our Board
and that they have talking forward and backward
about the necessary arrangements which may result
either harmonious working of the two companies
the leasing OF the Atlantic and Pacific lines, or the
merging Of stocks Of the two concerns Ii thcy nave
come o an agreement Of terms which they hope TO get
through respective companies. have not beeh Ill
formed Of It, and do not think II probable that 'he!
have have not Mr.. Gould for three years, ana
have no, hal any conference with him any other
director OF the Atlantic and Pacific Telegraph on TINS
subj ct"
In reply to O question whether or not MI Ortons 'iSt
"a Chicago and the West had any connection WIN the re-
ported consolidation. Mr. Green laid THAI II did noi anu
added saw Mr. Oron at Cuba in this State the o'her
ev.n,e he then left for Buffalo 10 re bis mother, ana
went TO Chicago for recreation than ior any o'er
purpose You know Chicago is tae second once oi tue
Company, next In Importance 10 the Ne"-folh o"oo,
and Mr. Orton often goes there 70 look after matters
generally" When asked IL Commodore Fahderbit "ou'o
tvor he consolidation Of lines Mr.. Green said; The
Cmmodore IA getting old; he has been engaged the en-
tire year in setting his hol'c In oIdo anu nc dhc'
very little in the interior management oi 'ho
Company's aGairs. He leaves that enireiy 10 'ioso
charged with the duties of the respective Offices He
fbafn he
he wonid make a thorough change in the profits ana
nrccs of the Company but at his age he had oher mat
tiers to engage bis attention"
A p,emher of the Executive Committee OF the Western
Onion Company, well acquainted with Commodore VAN
a.rt vas questioned ~ to the truth falsty OF the
report that Nh Vanderbilt ready to sell out MS socK
sie SAID: "You need not use my name but can as
sure You that at his age Mr.. Vanderbilt Is per
fcrtly willing TO part with any speculative Stock
and such is Western UnOn-but he is intensely stupDor
The stock he holds cost him &c. and he never VIII sen at
n loss II it can be got up TO the nneties, take
NV word for II the Commodore will cell out 10
Jay Could or to any one who Will give MN us
,rjee for IT, But the retirement OF vanderbilt
from the Board wOuld not necessarily Involve inc
retirement Of his friends Mr.. Vanderbilt has iai.e
number OF followers in all enterprises wlich ne enters
into and in our Board Messrs Schel. Work, liarkcr,
u,tee and ThOrne are all looked upon as his frends
All these gentlemen have been identified with the man
svem.nt OF the Company have doubtless made
cxol deal OF money in buying and selllng the
stock and have generally very nice thing OF IL III en-
loving the privileges Of the lines for the purpose OF trans
acting their own private business do not believe thaV
these gentlemen would sell out their STOCK even II MI
Vanderbilt should. There is S3j,OOo,ooo OF Western
Union stock In all; the Commodore holds $1,000
OoO and his friends Sll.000OOO more, MAKING
Sl6.OOOOOO III ail-enough TO control the B0ard at an
elections II Mr. Gould desires 10 control this Board
ne will have to buy out the Vanderbilt clique well as
4 n
Union stock than does Mr.. Vanderbilt. III IL
well known in our Board that Jay Gould owns
S75OOOOO OF Western Union stock, against
A. 100000 held by the Commodore. Should ne buy ou'
the interest of Commodore Vanlert-which the latter
e. ane willing sell the moment the stock rises above
p-Mr Could with his 81 10000 will he very near 10
controlling the Board He will have 10 purchase II all
binscf however for he cannot rely upon his fnenis;
he has no such following the Commodore has, but he
makes up In cash what he lacks In support"
Upon being asked II 1t WAS true that Mr. vanderbilt
took no longer any active interest in the Company the
.a,,e gentleman said: "Y0u know the Commodore is
opposed to all extravaganza. He favOrs rigid economy
An everything and since the time when the plan oi
their new building conceived by the late Horace r.
Clark he has opposed II al step The last time he
was here before the building finished he wanted The
tower left OF SO as 10 $4,000. All the ifon'
however was ordered and Mr.. Vanderbilt growcd The
architect for, and when nIon close inquiry hr
Vanderbilt found that the sum of S150Ooo might nave
been saved IL the building had been finished with level
roof without the Minsard an without the three really su
rerfuous storos the Commodore almost ilrous He
believes We are altogether too exiavaganf, While the
truth IL that In less than years this Company VIII
pay OF the whole of It's bonded debt But then Mr.
Vanderbilt has his crotcaots, and ha feels
himself not strong enough 20 combat a.
Of old, the views cf his younger co inborers:
Hence his disposition 20 sell ont, provided
ne can 60 his price. doubt the etock will reach
his price the moment succeed in makiDg some tanl
Bile arrangement for the leasing Of the Atlantic ana
Pacific lines But repeat that whatever negotiations
are taking place regard TO this matter are authorized
no further than by such authority as attaches to tho
p.sltjon- Of individual directors Of the rival !Ines
FRAUDULENT DEALINGS IN WATCHES.