New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-09-08

DISCUSSIONS rpox rue POOLING scurnr.

DISCUSSIONS UpoN tn POOLING SCHEME
The meeting of the Board of Managers OF
The atlantic and Pac'1' Telegraph Company, on Ihufs
dy was somewhat stormy .nt 'acra wer' evidences Oh
dspos tou To ref1rl f. not entirely go prevent ram"
cation Of the pooling contract Win The western OI''"
Cnmpauy 4 geu.lcln4u familiar "ith ia" H''j''i'
stated 10 a TElBjNE reporter that "hcn the mat
Tor ,,,s nr.t d.scrss.d 70 committee appointed
In the Atlantic and Pacific managers, and, not beng au
orized 10 mature plan Of settlement 1T the ir't meet
iugs tine Board sIbs ucnty gave IL lall power To settle
an nc details Of pooling ~ ca.uius' After the agree
ocut had been entered utu aE4 ihc ua~s of settle EN-
-.lal Iy the members Of tnt Committee representing
ID. two Companies sad Ills iul rmaui, second wee
President svlns be.au % exhibit opposition 10 the
cnptract not SD much a. tic pooling Of earn
ing. as from tne Gct that be hal not been
taken into arcoun, IN the transfer Of The FLOOD
shares of Atlantic and Pacific s'Oca 10 the western
UYio Company, at the interchange rate, 0i - Ter A.
lantc aud Pac.ic, and - for the Western ta'oh Ai
eyn. stated tus IN n., visited Nr Oitou President
Of ie Western Union Company several times. aud as
comfy as wednesday last, IN cndeayor 10 have ls
5000 shares of Atlantic All Pacific stock "nSed Tor
Western Union, railing n which. Dee transferred the
scene OF ms uosulics ID the meeting of the Board o
Managers
According to the information of gentleman WHO was
present tie meeting, Ar yn' Offered areS'ldil IL
That committee OF tarce ID. se,ectrd To meet sil ar
committee. OF The Western Union Company 90 olaW up
ana present managers Tor tnrr r htaon. "a iotin
%, contract governing tine pooling ol earnings or ih- "o
compares, c,c. Tine name II Gen. Echert. President
was presented and objected 20 by Mf. s,niS, ON the
ground that executive officers should not be
selected. especially those whose favorable views
of ti- action of the committee were vel
known. When tine name OF Mr. Chandler, the
Secretary Was proposed Mr sampson objected. This
brought Russell s' 10 ne h'ari u 3,rii very 'lnt
uL,r. ne .a1. 'hd Mr. Sampson. Who VS. or The
-,cal cuui tee tnat agreed lon the basis of sci
meat. aad "Ao -ini,eli iIh ylitrd us maine I'D -
iAr objections 60 tnr es Ol the rX c1i Nrvrrs a~ an
trol, taH Lc therefore, moved iia- Heh Ec"-
tri Nj. oims aH4 elisha At"!i'' '- i"-'".' ID. up
pointed a5 Sucd committee. : vote Na- itW' td"'h
De- .otd g. {. ru. Dob -OJ DO b. dd nos s.c any very se-
Ti,gs ul elton tu t-c resolution.
CJuip.uy master o. lc situation, hHline acoairo-
t Ill., a., d r,t.ii..i'a hc rurI.,s ly della ci NJ
tir next M .cog ~ pm, uc" and friendly Cr'-
details Of ,ho contract @-o 'r'ng cHcei Gnt lhil.if
wound be reduced AID vIcie two 'nia,s existed
iu cIuo-. they WOr.d 10 aurf.-t Itt.d Il.
g'utlc. aH also lated t.1t n i'rN Thirteen our ~
tlr nrt en--,i t,r Atauuc and Pacific manage were
known TO Doe favorable 40 tlr pool x contract ii.
be- is not ar-- Stock oI.r luxe Mr. 81 U, AND cannot
poe actuafe; therefore, u, desire ,o unload" The
Hn'Id, W.rI n .Aoit Ni uc made, Gee states, 40 nav
decisive got on i.' ..ilon VI Gre pr'lns chem
secret e,luu vest rday, 40 WHICH, Mas acb quitl
a,J.cd, OIL! c details pf tLc l-opo.ro -r-Itht D =
tween fDc CON c, were discuss Il. ii Is not cXcfi"l
fa.t H. whole wil De- -.tci Tor several days.
Oucrc-ut ot inc SCHEME las deem To- ir"" on 0I employ
sl.ut many operators. T. Western Union saiJu iJ thc
q aud Hotel. and fl-i omar hotels 10
tn city hty- been discontinued Tue sisant sup-rn
fcd-n, of The Weston Union COMPANY stated 10 a
TEiBi NJ reporter, -.crdF, tna D. 90 Dfh decided 40
take INTO cons ration the business ~ any NO om 's
situated thcr tHIUa-bOui the 90 ANA Transfer
the Whole business 10 tne one winch is no" dong the
Iui- chang. Affects iI.fc r-Fc-Ialy rnr nUcis. and
s ycrai landlords ar, expressing nucn objection.