New-York tribune., 1877-08-21
THE TELEGRAPH POOL MADE.

SEVEN-EIGHTHS FOR WESTERN UNION.
The PLAN CARRIED oUr AS ANNOUNCED IN The
TRIBUNE-wHAT THE EFFECT WILL BE-DE-
TAILS OF THE FINAL MEETING-A STATEMENT
BY RUSSELL SAGE.
The article published in THE TRIBUNE yes
teray concerning the probable basis OF settlement ne
tween the rival telegraph companies, fully discussed
on the street esteray and generally accepted as
correct version OF situation The officers and dTec
tors OF both companies affected ignorance. but none
would openly deny that such arrangement was on
foot
Russell sage said yesterday that at the last meeting Of
the joint Committee nothing definite was agreed TO- and
the Executive Committee subsequently met and took up
the subject where the other body left IT, All propositions
we're rejected except that Of poongs On this the great
pont OF disagreement the percentage OF gross
earnings to be allowed the Atlantic and Pacinc Com
many The difference OF was wide." added Sr.
sage varying from onesxh to One-nnth. AT one time
the Atlantic and Pacific had agreed 20 accept
L. and at another the Western Union had con-
ceded Ie The former insisted that they were entitied
TO and should receive at least . or about II per
cent? He stated that they had before them the
pooling contract existing between the At
ionr,c cable companies and from this they proposed
IN frame their contract " The settlement" lac
added Il feel confident, VIII be elected Dut
[ do not think on less concession 10
tho Atlantic and Pacific than Il per cent Of the gross
earnings"
70 the effect on charges M Sage said that Of course
rates would be materially advanced on ali classes o
messages to all points, in order TO create earnings
sufficient to make a respectable pool
Tho meeting last evening at the Windsor Hotel
,vos attended by Messrs. Vanderbilt. Morgan and
scbe on the part the Western Unonand Messrs Dillon
sage and Sampson representing the Atlantic and Pacc
Fxov Morgan presided The session opened al Slo ana
continued uninterrupted until very late hour. In the
ait he confer
s wore many Wa-st operators and stockholders and
directors Of both companies and specuatons as To the
pouts OF difference and basis OF settlement were rlte
Mr. Orton said that there was no reason "hy settle
ent should not reached as the Atlantic and Paclhc
Commntee had full power 10 act. which they did not
have ON last Tuesday and the matter could therefore De
settled, unless some trouble shou'u "i'e III N~'"e ~
pooling percentage.
Auother person well informed, said that the whole
thing depeuded upon the ability OF Messrs keene and
sae 10 deliver the II 900 shares OF Atlantic ana Pachc
tock which they had agreed TO furnish TO throw tle
control Of the line into the hands OF the western Ihon
% terms Of the contract discussion. It II stated
f,n rustgorthy sources, provide that the TWO com
panies are be as separate ORGANIZATIONS ea'h u
st4t tts presg-news contracts. There Is to be no
,rtber emitting IN rates, and uniform rates are 10 De
agreed To and carried out faithinly' Inc country
tbrough hieh companies nave connexions II 10 De
strcted some offices are 10 De cioseu' anu 'nere u ."
be only one Office III any shi"' '"""' " " '
large city. ., -
All sorts Of were hying ABOUT curing ia'' eve
% hut none Of them could traced to any Trustworthy
r,e In ths course Of the evening Mr. vanderbilt pald
,t Ia a friend in the corridor who had sent for him,
and was at once besot by the reporters for news but be
merely nodded his head and remarked I'VE are stu In
se.son and cannot say when We will get through"
Al precisely midnight messenger hastehed 10 tne
hotel desk and asked for paper pens ana TWO Dotes OF
, ~ u,sde the announcement that the session would
nahIv close soon This order was supple
o,as with another at the bar for ak sherry
cobblers supposed necessary to stimulate the
committee for tho work Of diving into tho pis
" poo.y Shortly afterward Mr.. orton and Mr. Gould
uent ND to room No. IFS, where the committee was
in session. and orton said that the agreement had
been entered into. The basis Oh setsneh 10 anaer