The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-01-02
The RclI Telephone.
RECENT SETTLEMENT OF LARGE AND CoNFLICI-
ING NTERESrS-FORMATlON OF NEW
COMPANY UPON AN EXTENSIVE PLAN.

RECENT SETTLEMENT OF LARGE AND CONFLICT
ING INTEREsTS-FoRMATION OF NEW
COMPANY UPON AN EXTENSIVE PLAN.
The Dispdtch has bad a call within day
or two from Mr.. James NJ. Ormes. the gen
eral agent in the South of the National Bell
Telephone Company, and from him we
gather some items of information which are
OF public Interestat this time.
If is well known that the Western Union
TELEGRAPH Company and the National Bell
Telephone Company have been for two
wears or more, and until recently, carrying
on a damaging competition, Dut not so wen
known that negotiations had been Tor some
months on foot looking towards settle
ment, The plans suggested seemed, now"
ever, to give little hope for an agreement
between the parties, and each was preparlhS
for more vigorous hostile operations. MAI
ters stood thus in July last when Mr.. Ormes,
who had in the preceding months visiled
the principal cities III his territory, Where,
from long residence in the Soutn, he was
extensively acquainted, went 10 New oIh
and Boston, and, in conjunction with Mr..
n II Louderback, OF New York, suggested
to,be great rival corporations basis OF COM
nromisp for the States in his agency which
commended itself as reasonable, and, after
some DELAY. was accepted. The agreement
was in effect that the Western Union Iele-
0ranh Company should withdraw entirely
| from the telephone field, receiving therefor
a suitable consideration from the Bell Com
many. This accomplished, the way was
nayed for similar arrangement Tor tht
| whole cOuntry-0f course, as can easily Dt
soon n most desirable consummailon fol
the two companies, and equally so Tor the
nublic. as two rival exchanges III city are
a source OF great Inconvenience ana eA'
pcnse TO the business community coihpei
| iino membership in both or sacrlhce o.
half the facilities sought in telephone eA
change. A.. pou Co,,
many is seen in the fact that the STOCK ha
| advanced since the settlement from Sli'
IN between 81, 900 and S1,400 per share OF
a par value OF 500.
Mir Ormes had found the people OF th'
South so alive TO the advantages OF the teie
nbonc. and the field for business so proihls
inc. that the foundation was at once ial'
for a large stock company 10 manage iii
antire teIephone interest in the states o
VIRGINIA. West Virginia, NoitI ana Sour
Carolina. Georgia, Florida, and Alabama
The articles OF incorporation have beer
flcd The name is 1.-The Southern Bel
Teleph@pe and Telegraph Company" capl
taI stock. 81 900, 900. The headquarters arr
to be in Richmond, and offices are now be
ing fitted up in the Piedmont building.
Among the directors VIII De Genera
| Wiekham, OF the Chesapeake ana Ohl'
! railroad. Richmond; Colonel x. X. Bridges
of North Carolina; General Il. 4. Alexan
der. OF Georgia; and John b. Whtehead
Esg.. president Exchange National Bank
Norfolk, Va. The President is TO be An
son Stager. Of Chicago; Vice President
II. Mex. Twombly, Of New York; Genera
Superintendent, James M. Ormes; ASSIST
ant General Superintendent, ID. II: Louder
back: Secretary. ID. /. Carson; FIRST DIV
sion INSPECTOR, Jane d. Tracy; First DIV
sion Superintendenr ,f Construction, j. W
Kates-thc five last.na med gentlemen Wi
all reside in Richmond; second DIVISION
Inspector, j. o. Jefries, tate OF Richmond
Third Division Inspecto 7, Esbert Morton
also late OF Richmond; superintendent
construction Second Divisiph- q. u. Merrl
| wether, OF Mobile; Superin tenseht OF Con
struction Third Division, j. a. SrehheI'
Augusta, Ga. .0ad NTH
The new company will take n0a WIN
fresh and strong grip with the b begas nlng
the year, introducing into each esSnans
:beir improved method OF comm uns,atln'
with the central office. The work @ con
Meeting cities with each other Will be eonl
menced, and a modified form OF excoaos'
furnished TO small cities and villages.