New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-08-15
49, rrLEGRlPRIc coYFERENCE
TWO SESSIONS or TIE COMMITTEE REACH no BASIS
or -ETTf FNEST.

TWO SESSIONS or TIE COMMITTEE REACH no BASIS
or SETTLEMENT.
The Joint Committee Of the Western Union
and the Atlantic and Pacific Telegraph Companies mo-
ia secret session at II O'Clock yesterday morning III Tie
private oice OF the Union Trust Company on Broadway
Tho committee consisted u william II. vanderbilt T. d.
Morgan and Augustus -che. representing the Western
Union and sidney Dillon, Russell sage and G..
e, Sampson representing the Atlantic and Pacific
Company There also present william Ort0n, Tres
.lent OF the Western Union al Thomas T. Echert Pres
Ident Of the Atlantic and Pacific Company. The COM
mttee remained IN session until hafpast 2ocl' T. Wheh
al Adjournment taken 10 the windsor Hotel IN the
evening The Committee had agreed during the day scs
sion not 10 make known the result OF their deliberations
until something more definite accomplished and the
members therefore refused 10 sye any details OF the
inquiry ~ to the meeting was made Of sidney Dillon
by TRIBUNE reporter 81 Mr Dillon emerged RON tne
committeeman rms ho dec inod 20 tell anything merely
remArking, " We met md adjourned
Russell -aga remained away from his Office untl long
after the close Of the STOCK Exchange b one OF MS csrhs
remarked because does not 90 De harraased by
the put and call brokers" When he came IN he sated
20 TRIBUNE reporter that ne was noI ~ inert! 20 con-
munclte any Information OF what occurred Al the meet
INK " il there nothing You can say that VIII iHrniSn
clue A. TO the character or the coneFehcef ASKED INC
reperter, , a. a. VI. -. ,-.. ,.,-.r.roo
my opinion that Will be reached Tor the present
The matters involved viii be carefully considered before
dcdue basis u settlement or compromise Is agreed
iElsctOry adfustmcntF
Nr sage responded Now You are seeking iniorma-
iOu which cannot give. would not Ike 10 have pun
.hed. coming from me. what the inA result % ths
conference will be- have my views Of the matter,
sud they decided but do not 10 give any
expression 10 them yet but feel safe IA saying that
DO nos OoB for auy immediate settlement or the matter
Sir sage be eyed ~ be- excused FROM any further con
yrrsatOu The subject, renarkng that be had been
mlsrc pre- seuted I'D some published interviews which had
been made OF Whole clObl without any conversation
being Hcid.
The evening ut the Windsor Hotel lasted about
three hours Like the afternoon meeting strictly
private, bus 10 stated. after The Conference bad adj
0urned several Of the members of the Convention,
SHAT agreement hrd been reached There had boen "A
general dIscutiICE without any definite conclusion.
IN reply 3 aquestOn by IElBuSB reporter, Mr. I1-
lon said there no one plan that ght De considered
more acceptable % the Committee than he other plans
There had been great deal ~ talk bu. they were a
parcnty nearer agreement than Hhou they began
Mr orion said nothing mad occurred during the meet
ing. Of the Committee which would Indicate that AZ
agreement impossible, but nothing definite had yet
been accomplished.
The meeting adjourned last ght, 10 meet again next
Monday X All the members OF tho Committee can ne
Der OF pr0mIneut brokers called 40 the hotei
to learn regarding the action OF
the committee some OF them remained IN
( an the committee adjourned. Tie poatponement
OF further consideration OF the subjects VIA not re-
gitrded favorable indication Of An early agreement
con siderable quantity Of Western Union stock change
hands during az - ana more was offered
aJ that ngIre without nndng purchaser.