, 1877-08-22
Which Is About What the Great Tele-
graphic Pool Amounts To.
Western Union Controls the Ma
.iority Of the Il. s. II.
Stock.
The Latter Company to Receive 0ne-Bighth
Of the Combined Earnings,

and finally declined to d. 4, with recovery Of
Il per cent at the close.
Tho terms Of Tho agreement hare not been
matlc public. President nrtou, OF the Western
Union Company, declared that It was not mat
ter in which the public could be concerned.
Mr. Eckert, President Of The Atlantic
& Pacific, denied tho statement
that tho holders of tntnor'ty shares would
suffer bY tho transfer, being convinced that 1t
would necessarily be measure OF protection to
oll shareholders. The Atlantic d Pacific Ia to
receive l:,3 per cent Of the cross earnings OF
both cnnnantcs. The stockholders VIII 10 oct
ter OIL tfan before, from inc TACT that thc9 WILL
probably Get from 10 per cent per m.
nun, on tho par value OF their stoek' IL
will make tho stock OF tie Company
IavIfiend-paYfn1, Whlch It was not before.
ln tho opinion OF ar. EcRett' inc At1antie" !"
Pacific wotild never have paid dIydcnds nnacsthe
competition which has bceh gong on. Inc com
binatton Will result 10 largo a'nihat'on Oh tao
forces employed by both companies. III small
country towns "heFc both companies nave c.
tnbllsled Offices, tho ono haTlna tns scast H.
cilittcs viii he closed.
The officials ol both companies no nos sninR
TINT the rites Will ADVANCE muea aooVe Inc
present grades. ....-......
NEW YORK PRESS coMMEars'
Special 0'*paseA 70 ., 7"t q a'foan*
NEW YORK; aug si.-1ne 1'n'a sa9s snat o5
thc Telegraph cohsondat'on tales Will oc faIseu'
an injunction u alfeady ta'kea Oh .-.-.-..
ihc Sun says at II O'CLOCK u WINS announced
TINT ecttlemenl nae pech cou'p'e1e'i' FesF
dent ofton, oi Inc western onlon' appealea'
anu III reply 10 qaest'oh sato' hsIaoee@ -
fhen1 between tne "catetn oalou a"u ts',ant'c
u fac1c hase peen contaminated. Noth.ng
was eatd about tue purchase o1 STOCK NJ TUG
mectingt bit the allalr mas ncen eett1ea oY poo'-
Ing tho earntngs Inc proportion CANNOT
give you fortnight. 1t "lll pfooaoly lake until
daylight TO ufnW up tho necessary pape9s lof
the members OF the Committee to stgn." Jay
Gould said: "rhe differences have teen Set.
~. .,.u' w." '"o .ss.%,.,. ..,s.. a,5 a;5,,
Then nc went 10 sanaefphte paf'o's anu a'deo
tho Committee In their laoofa.
ahout ,he tclerranhlc cousolflation: 0Russcll
ss1e .o,d ve.terdsv lint thc western J1nton
saeo eslu 5este.u"s ',as .ao $50 o't .n.a
first offered per cent, uut "isn7fe" H. AltcE-
rnrd the Atlantlc & Pacific offered to take 9,
> a,1 Atlantic Z pa.If1c ,skc;l Z. and nara oc.
- aaa 4'''a 'a. .,.a..,aa =. ,r,s .nt.,.1 ho,v-
cul1eu ,oS useass ~. .nte... n aesa' .n.,s, mum
eyer on .nc o 81 o. oa. ata ~.
,s po"s. ~ .,.a.or nn, ,ra-o s,von tho rcn,i.,c
e.s aay a.s'' r,,a ~" onno
authorty' Inc gsneta''}'rcec''ea au,., opn.9a
is that tho delay was ru'poscly
arranged to afford Kccne and Sago time
20 pu.e.as' s's's'. a,s.. .,nn aa -, n.nna % ,r ~,
10 aaa'tioh 10 "aat 'oey na,'. ~ maso ~ I1.o ,"o
a controlling majority. OF course the minority
shares will now bo worthless, ~ they Will never
hc oh'c n nav dividend. and there Is totpe talk
aDo - ~ n .trrha,dcr. ~ ottcmnt,n~ lcral
u''o'a 'no e'os"4ss y. ~" go. 80 ;.
proceedings to stop tho transfer on the groliad
OF collusion and fraud. Tho whole affair Is the
outcome of q stock-jobb!ng hight between Jay
Gould ,e eua 5 n Kssns rn4 u:.sj!
Soly IL ' Mets.sd they werc forced 10 como to
WV YoRK. e Aues ~ % ai,MPrsslllcnt ortou to.iay
aid I tho ' Tsstcrn mi Union Company wo.ii receive
~ INV ~. sns nna tIn AfInntir K Pn.iac iaif
"a pss at - ~" "ro.s rarnncs of thn nonir3
..,ts W. 1et ~ XIX co,nnnntcs- ;rhe arrangctnrnt
,scnt ,",o rifcrt tia innrninV. anl tha dscison
Of tile conference would BE- ilnai
o,vsn +hc nnhlic, i,era,,sc il confains nnnY de.
III. ,rhssh 10 nor .nnrcrn tt1c nnhirs Tia
s"nst".n firion nnd Atlantis 4: Pn,tfir f,omna.
~. or now nrnrttrajtv mn cnmnnnv. Thcy y II
a.I IN no r,'n IN" a. two cnnan1cs eneh rcane liz
s , u1 ~. .1 ~ ~" sannrai .r1o nisa.,nr hi nj
ur,,t,t. uM E.a~e resnitJnr frnm tIeir te1csranb
ing MI! oe pooisu. ,aaasv .n,s a'an 1asr.
nicnt VIII !anG ~ s"s"y ~ = 4
ah9i tna 10 Imo mf ,r.n fnsin, th.t 21,c, Hc
sails e4esn.eu ~ ,',os iii ha n,ssa.oi
VII 10 aaYancSs.; W.. .nc5 IT. eot 10 atavc ~ coo
only 20 III ~ aaa' nt esese III ~ tb eo
Pahles r. Ivy voIsas ....aan M1 ~ ~ :, e 81
lahtic q faelle stoshs A VI Hs."efa .!ie Ana s@'.
eoafcs, Dat ncafef '-'oo"' e~u"o' s''o 1"'
c3ael 4amneIi T., .h,. ..,.. v.. n,,,
~ Urton 1au not say mhat pttve s,,a W. 5a'u ~
hnt u IL hslicVeu ttat 1os lne @ ncas.{ a;,,as a,
eaTes a. - per gcHtnui. tnetn Mese pe'a aooa na
-3.uN ahares o1 "eStc3o ohlon " ~ pe
cenium. 1o +, .,...,,.
LUG htlahnc q faesnc company ~ tnfSIotos' MS.s'
now tu'ly unuef LUG eoatrol % tna MssteIs
Union company tteat 1at's1assson ss.on. re- as.
| nnd expressed py tho 'aIft CGna
pAnT. 4 prominent "cstesn unio9 ~
rector believed Inc tAtes Wouln
only s!ieht!y advanced. lno company uss'as' =.
'I tsa, iow' w. NJ so,,,nany could aiIof,i to ssp,
nessavvs to po[t,t3 10 distant at that prize, bu
Tic Directors Intended to make but small nd
yahce u, thcE charges. .-