New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-29

Goud,s AFFIDAVIT was true though he did not himself be-
eve it, and that no man In me Wero wou be
| more surprsed than Mr.. Gould himself, II u were oe
lieved by any Bur the very proposiion % us
Mr. Hatch alleged to haye made 10 Sri mr. G9 smn
that the Western Union and American Union Coinp
should work together Mr. maten wOIu t6 WeseIn
Union Company would not to mn 'te ltS s'och,
the real proEcstio4 which Mr. Hae Was pTsent trans
action would disappear.
| CONSTRUCTION OF THE STATUTE.
The counsel for the companies had claimed that the
consolidation would not be attempted except with the
consent Of theeths OF the stockholders, as authozeu
by the act OF 1870 That act had been drawn by Mr.
Iowrey in the interest OF his client, the Western Union
| Company. His hand was IN The act, ami he had
served his client well. Judge Fullerton asserted that
the stockholders Of the Western Union Company owned
| a majority of the stock OF the American Union COM
pany as they were admitted thar proportion OF
| The stock OF the Atlantic and Pacific Company. Inc
real persOn4 therefore, who would consent 10 te COZ
roidaon what the same thing, to me issue Oh
the holders OF the western Union Company o..,
western Union last, aud Western Union always"
Judge FULLERTON asked how tne GlOOO0oOO IN new
10 b, distributed Sixteen millions SUBSTANTIALLY were
10 so 10 the stockholders OF COMPANY VINO hal thus
solved the problem which men ever since thc iOIh'll
| ton OF the world had been trying to solve namely
" How to eat the cake and have II, too" Moreover
80. every dollar tho tteasury Of the pany
was handed 20 lis present stockholders. The
for tue ACQUISITION the lines OF other cump
ana tnen alter all had done, naked skeleton
OF the American UnOu Company WAS to be handed OVet
to Rufus iatcn and Others similarly situated.
Mr. Lowrey interrupted the ,peaaer at I'M. point, TO
was To go back OF Western Union
Company represented new lines Dult and acquired d.
cap al stock last fixed and that II did not
represent repairs merely as had been suggested by
Judge Fullerton.
Judge Fullerton" But you paid for the new lines out
OF your earnings"
Mr.. Lowrey-" II s the correct commercial practice
for corporations to issue new STOCK 10 represent new
property acquired" 49,,
but II Is the great wi o the age IL Is mere system by
when To rob people"
IL had been asserted by counsel for the companies
Judge Fullerton cOntln Iel, That the agreement Of con
-olidalion open before all the world; inns was
MI. Lowrcy-It was III The Boyid his morning"
Judg FGlieron-" was III he T0rtd but NOT Det,re
d lGs E%"d' 1t was III the h''' u 'H' '''n OIL" tue
MIR. L,wrey-' You had It; therefore 1 suppose you
Judge FGuer;on-" Tne fasn and dcyu, Mr.. Lowrey;
g..,c il 10 rpc. but .cied strict promrse that
should MOI gNe II 10 anyone else ahd Kept my prom
MATURE OF TIE CONTRACT.
Judgr Porter. tnc COUNSEL said further. had called
the consolidation a"marruse.' "fn bee marriage
VINO was the bidr aud WHO was tue biidcgr"o.u and
who Icr.oImcd the ceremony Tie FLUSHING dtlus,l
mU-t have been the Western Union, ana he stalwart
youth tie An cr.tan UnIOn. Tue R-y Jay Gould. H.
s-trG Il! me O,ucous William II. VAhdcrbt ana isseIi
OrrateI at ID, cerem"ny -dhd the Transaction
was a marriage thrTe must have been q marriage pOr-
tioH. floil wDom ,id tnr portion mi Fiom tue
pdpnc. 10 who. Ola It El II IN" pies who orciaed
ANA to tEr DE- cons Iu t.,l-tcd hih.'
Jui-c Fu irIt,i. uUW Cn 10 thc tsC~s in . the Act
al -. 4 IL ana pared ~ ne o,Irr st!c, hr
~ad -u md SOM tiiag 1ulr II mat SUBJECT
man na' ..ud % lr. Ne"ct ard JHdGt Dulpu had
at -mIird To- .u -rt pat 81 my srccn lu,o rs Own;
Iut Il, -.gh tas perceived dhd tr.-.iucI' Ihr
riari declared o. II lultidmrntl law Ui cu'l~i:tt-
tuh ,trf- rrti.uc putdtlUus -l 80 4 ur co.,
stIu,d -rl-ty 80 turu ana ~ it'nr OF Ia" Sidr. \
IdtIuli l:id , -fu'tlpu n the stdtUt IL"
tunttulcd W1i.d -1i,y tt. y !rtc-tp c,uiptiJ Do
tJttrd - oDn.ay. .ou~, nj rt To anr'lh Int~ Mtri
si.u. iJ,G it@ '"u ~ 80
dag WutH th .t,rIrd Hiu' "a ryl! tuon we've tn
oNt:grOWu COMPUTATIONS, att IT, rl'hh', I'ltftth
900 'ur l'-t i-l in.A toirIu} nlch a--' mel 81 tuc
hfu legislative 'u .,ti' ans % 'f'rr'd g."
oNrr - .itt % t't.t. Ihr p""tr
t.bfltuI- rp iiulaiuli- uat u.rI l'It ga las
~tt'r tlr CO.. icLi~itllu'. '. 80. 'l u
ur.,I add Dr. 49,! .r t,i"r.iN iii f. > -'' ' Poe
tiI...r.. Id tr-t.a urd f.I proper Inli-. Is ,.us
u Ga t'fciurr app, t'i 10 soc fr"is oi ms t"ir '"
Ir-.t4i % ga, int..uu .hr ooh; .th ."n-p 81 u"H g. Hr
iDtc Litt l.r-iAplc cJu.t I'M - oI th' -"Il. ms.
t.i,iu.. 90 iur ,h "t ''!..t4.i n} t.
-,.u,. i.t.t ",. go -..'ly 90 tp, '.ic,
tlt lac 0. .lr-i- ui tac pr.'I'.'
r,-r = .i' .....-l "' iit ''J-r ." j '~' -''i-
tone af4 49, oul ID lat -c".,
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