The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-08-22
TELEGRAPH WAR AT AN END.
W. U. and A. & P. Virtually Con-
sOIidated.
TERMS OF THE AGREEMENT.
Rates to be Advanced to tho Old
Standard.
CHEAP TELEGRAPHY AT AN END.

The Times says the terms OF agreement
between the Western Union and Atlantic
II Pacific Telegraph Committees are as
followR; keene and Sage are To turn
over : 600 shares Of Atlantic Il Pacific
stock at s., 800 TO Wm. II. Vanderbilt as
trustee for the Western Union Company.
Vanderbilt in return is to give them an
equivalent in stock Of the Western Union
Company at -. The two companies are
to continue to carry on business and all
Oi the outstanding contracts are to bo
fulfilled, but the earnings Of both
are to be pooled and the Atlantic and
Pacific is TO receive one.eighth Of the
gross amount, the Western Union retain.
ing the remaining seven.cighths. The
country il to he re.dstricled, the super
IlnOus telegraph oilices,are to be consolida.
ted and the rates are to be raised to the
old standard. The form Of the contract
entered into is based on the pooling con.
tract used by the Direct and Anglo.
American companies. The hitch was in
regard to the percentage which the At.
lantic and Pacific should receive. twas
settled on basis Of s per cent.
NEw IORK, August 43-l'rcsidSnt
OrtOn 10 day said the Western Union
Company would receive 81! per cent and
the Atlantic ~ Pacific ~ per cent Of the
gross earnings Of the pooled receipts Of
both companies. Arrangements went into
effect this morning and the decision Of
the conference would be final.
The written contract agreed on will not
be given to the public, because it con-
tains many details which do nrt concern
the putlic. The Western Union and
Atlantic & Pacific companies are now
practically one company. They wilIstill
run as two companies, each retaining its
old officers and general Orga anization, but
all profits resulting from their telegraph.
ing are to be pooled. This arrangement
will last Tor 20 years, and this is the whole
arrangSment-prlvate details excepted.
Oi course it follows that the rates vii he
advanced; but they will be advanced only
20 iara. shall secure II fair prciiL to the
companies. We have bought majority
Of the At'nntic& Pacific stock, between
: 900 and $1,000 shares, hut nearer r.
600, cannot give the exact MI mbcr. Mr..
Orton did not say what price wa4
paid, hut it il believed that for nearly
seventy.two thousand shares ut u
per cent, there were paid about 22,OOO
shares Of Western Union at - per cent.
The Atlantic n Pacific Company is there.
fore now fully under control Of the Vest
ern Union Company. Great satisfaction
is felt and expressed by the latter COmpa.
ny. 4 prominent Western Union Direc.
tor believed that the rates woull he only
slightly advanced. The company desired
to act cquitably and moderately. Twenty.
five cents for telCgraphic dispatch to
Omaha wastoo low. No company could
afford Io-send messages to points SO dis
tant at that price; but the Directors in
tended to make but n small advance in
charges.
The meeting Of the Executive Commit.
tee Of tho Western Union Company this
morning ratified in full the proceedings
OF the joint committee Last night, and the
contract made by that committee was
placed on the records. Heretofore it has
cost the two companies from 90 to 70 per
ccntum 10 carry on their business, but il
ia now believed, by virtue Of the new ar.
engagements, the expenses will he reduced
10 30 per Ccntum.