New-York tribune., 1877-08-04
CoNTENDTNG PARTIES IN THE STREET

CONTENDING PARTIES IN THE STREET
WHY THE KEENE CLIQUE INVESTED HEAVILY IN
ATLANTIC AND PACIFIC A WESTERN UNION
DIRECroRs ExPLASAToN-THE sELoyER
sAULr.
The assault upOn Jay GOuld by A. A. Selover,
and the effect that the avowed iIfeeng between Mr..
keene and Mr. Gould would have upon the stock market
continued to he the leading subjects Of discussion
the brokers on Wal-s yesterday. Mr. selover mp
from Long Branch In the morning and spent short
time at the Office OF Shirley & Dunham New-st. He
then went uptown, and did not appear the street
again during the day. Among the reports which
were circulated the street tlat when Mr..
seloyers attention called to tho statement in OF
the morning papers that his attack Mr. Gould
regarded as cowardly act. he brandshed pistol In
avery reckless manner with threats OF summary ven
gence against the man who dared to call him coward
Mr. Gould on the street during the day. He said
he had entirely recovered from the effects of the attack
OF Thursday and he did think he should take legal
proceedings against selover.
prominent director OF the Western Union Company
made substantially the following statement to TRBUSE
reporter yesterday, in regard 10 the manipuatlon OF
Western Union and Atlantic and Pacific Telegraph Com
panics' stock:
"Mr Keene and Russell Sage have been playing what
they bclieved 70 be sharp game with Mr. Gould
Thinking that they had ready purchaser OF the control
ling interest the Atlantic and Pacific Company, they
the holders of $4,000 shares. They would have to pur
chase only little over 1900 more shares to bold
q majority of the stock aud this they expected
to turn over to the Western Union Company
ably conducted when the Keene party mausged To get
TIE l-wil of MI Gould Iacre is question tia the
interest in the Atlantic and Pacific Company II 1t
could thereby end All unpleasant and unproiita-
Companies since Mr.. Golld took active
interest an the Atlantic and Paclc COMPANY
at the ifun vii tbe
and Pacific II II must sill combat against Gouds money
'un shiit ulucf suci eircth'tanccS " HIS SDsoi'ClJ
no use for Atlantic aud Pacific, aud would not buy IT nc
any pfce, r. ooo..,., ., ~, .,.oos. y,
graph companies that they snoud work in harmony with
euppoee Mr. Gouid were olposed To the telegraph com
nany using the line Of the UDion Pacific Railroad
fAc Telegraph Company must have trauspuriat'J Of
te carry in any other way than the railroad As
computation for this transportation, and for various
privileges the Telegraph Company gives the Railroad
iiue This IL so!utciy necessary In the running Of
trains How ca.y tbcn it would be for the Railroad
Company to occnpy the whole time OF the wires - th"
exclusion o co'uncrca. news,f tue Railroad was dis
posed TO act H. IN uufrcud!y way! No, tic western
Union does not want the Atlantic and Pacific upon any
a union o. interests between the two companies
may be made az time bus IL can'i rake place at
present. for other reasons besides tat above mentioned
arsc majority OF the directors oi tAe Atlantic ana
Pacific Company are opposed To- every fo Of consoiia
ton and theiF terms o. oc@ Do no expire untl APrll,
ISIS. Consequently, II 'he Wtste|u uHloh tohItthy
owned the whole OF the sioc4 OF the otlcr company
could not obtain control or II, WaaaScih Ut b"lo-e tul
tmc Therc doubt that This Is aTctdy well under
stood am"u, tIu taren.Du-tus Of the directors or
Ge Atlantic and Pacific and that they will stand 10y each
other
IAN OF this only goes to show that the members
of Kerne party have suddenly fOu1d themselves N
she possession ot white elephant, and heuca the bitter
feeling towards Nj. Gcud. WING quietly led them into
trap white b. naking large profits Out % ibc opera
toH. Atlantic and Piclhc stock cold at seventeen
per cent to-day. II was twcH! the other day aud via
probably 20 fifteen lower Nnen tBey
have grown trG O. holding 1t, MI. Gould
HAY again become the purchaser al the stock n the re-
du.e hgIies. | speak positively and knowingly, how
ever. tIa, no action whatever l0uhinS To the
union thc rests o. the two comIa les has becn
taken by ii.c uice- directors OF thc western Union
Company. and believe tic tur j. tGc g. thc Atlantic
and Pacific Company. NJ such unoa can take place at
| mo-. MT