The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-08-11
MHlr RUSSELL StGE sAYs.
The Telegraph Comparie--NotC Consolidation,
hut Atiinnce-.IIm Kecue.

Tho prevailing topic in Wall street yce-
tcrlay WIS the proposed arrangement between
Western Union and Atlantic and Pacific. 1t
WAS hi nlcult to obtain information Of the inter-
cst"d parties. rs ut the present time there is n
discrimination to reveal the projected moves in
the game. Wall street is exceedingly mixed as
e. the positions of the prominent parties in the
two companies. and the most diverse reports
are current as to their intentions.
Yesterday afternoon n Sun reporter saw
Russell Sage the chief representative Of tho
Atlantic and Pacific interests. hurrying
through Exchange place with n large cotton
umbrella Mr.. Sage said:
"Ycs. an arrangement is contemplated under
which Western Union and Atlantic and Pacific
shall work in unison. although as yet there is
no scheme for a consolidation. Tho Western
Union has appointed committee of It's best
men to confer with committee from Atlantic
and Pacific These committees will mrct on
Tuesday next to discuss proposition that il
now being elaborated
what IL the nature Of the proposition 2"
Il am not ut liberty to give the details. hut
the main feature is that the receipts of both
companies are To- be pooled and then divided in
@W6at per cent. Of the gross receipts will
II don't Know what we shall agree upon. hut
am in favor of dividing NJ AT h" rate of 81
pr cent. for Western Union and 20 pcr cent.
DO YOU think Western Union will agree to
this,"
II have been led To believe that these terms
will boz acrod"d to. The rates would. Of course
be- raised nrr"y NJ once. ami the profits of
Western Union would be- large. Yes. Think this
per cninsc Will hr ilNcd upuu.'
Therr Is. then no move toward lease or
consultations,
None whatever as vet By and by It may
come. Tut this sl"r is nr'cs-Rry in order 10
Tho organizations IN harmony. Even this may
all slip nv. | am uwuily nlrnid 10 il ON. uf
Gunld'- tricks. and We may b. trpped M. The
urnuO4 Itlnn WIS muir To rs hv Western Union.
and. n- kerue and have been lett with the
Atlantic and ldcil' stock on our hands and
controlling thc COMPANY. am anxious to do
something 90 MAKE the concern pay
hear that k,rnr has left his \. r. 7. stock
in your hands 90 manage tor him l. that So.
Mr. sag" looked grave and replied. - He
ku1 ws THAT am equally int stcl in working
ou' ut this s'rup' with himself We have both
been triHkrd 10y Gould. who bought thousands
ui sharD oi Western Union 40 low figures with
dup'd us into buying his \. L. r. stock. keene
l. not -u ID an old hand at the bellows ms l. and
when cheated. H. cannot meet jay Gould with
ont giving way 90 his pas .un-. and. IT, u is no.
.--try Tint Snmrhrdy should meet him. Mr
kreue has left his interests In my care" II is
The host thing. too After nr has had my eNpr-
rienr". he viii learn that r.yolv'rs and hard
language do not control affairs M Wall street
me down here. | would have killed thousands
of men. Tho only WAY q 10 In this case l. To-
go quietly 10 WDrh AMI 10y hook or crook gel
hack your money. That We shall DO il. have
mo- doubt
-" II ini, arrangement is made you will bull
"Of co0r-, shall DO nothing unless Mr..
Could lets me into the dcnl. and. in tact. he IL
ling TODD soln the neighh'rhundo of seventy.
street. and folding his cotton umbrella. became
"ts ruci ia puts and calls.