, 1881-02-12
MONOPOLY OF THE WIRES.
Tho Ncr York board OF Trade and
transportation OH i1lo Recent Tclc-
graphic Consolidation - Government
Control XLec0nItn tidcd

Tho Ncyv Yprk Hoard OF Trade and |
Transportation on Tho Recent Tclc- |
graphic Consolidation - Government
Control Recommended. /
Nrw Turk Htrah!, F1h. 10.
a regular meeting Of the Board of TrAdc
nnl Transportation wts held yesterday. tic
President, Ambrose Suow, In tho chair.
Among the new members admitted were cS-
Gov. uoratso Seymour and Edwin Reed,
President Of the American Rapid Telegraph
Company. The Executive Committee mntle
Il spccIul report upon the telegraphlc consul-
idatlon. The State 5enate Is denounced for
Mot p0ssIRg the act which II lad received
from the Lower Branch Of tho Legislature,
and delaying actien ,lntll tho consolidation
lad been accomplished md preventive meas
ures werc too late. ttlluding to Mr.. Gould,
the report says thnt tic pretense put forward
BY him that consolidation will result IN
cheaper rates Is d!sprovc. by tho admissions
of tho officers Ut tho companies mud by Mr..
Gou!t['s own history. Tilu report concludes
as follows;
''rlle result OF our consideration Of tho
snhIeet Is TINT tho ultimate solution, OF this
quest stlon must, II ting goo't of the w,olu pen-
cunnectlon with tho l'ost-OtIlec Organization
sim!Inr to tint OF Great Britain. THIS, aS Is
Wei kn9% ~ ;se Is eoaete 9pu lncipis
setrlcc-nalnely: tile largest measure OF Rc-
co,nnodntloil 10 tho PUBLIC rather ttnn iltl-
lnrdihie pcruniary g7!in, It ern9les the hen,
to districts which otherwise would mt 10
reaehe.I, and 1t would end tho practice Of
stDck-WAtcrng, 80 fAr as tetgErhpliS nTt cD1l-
cerhetl, BY giving the public tho benefit Of
lho increase in THUR own pntrnnagc III j
nus!ness which is !iyentcring morn lnreeefy
tMto MI our. eora'aere!a! ant! socia! life. BIZ
sides atiordInG IL lnoro uniform service. with
"Kegar,lins tho objections which may be
Nrgc, Agninst tl.o Government assuming thu
business VI 1elegraplllng, 1t Is prahable that
my event 1t brings lis 10 tlio cholc6 Of evils
stated BY tho Ulted States Sel1ate COnmlt-
tHS oM TrN,sportat,on isortss:
OF combination nnd consoiidatlo, these eolOs-
sui organizations are lnlly becoming stronger
aud more inpcrious. Tlie day ~ not distant,
4 1t Is not already Arrived. wic! 1t VIII bo
there II less, danger ln lcaylnS the property
alld industrial interests of tho pcol'!e thus
wholly Ut the mrrcy nf y low Men wnn rcc-
ogrlzc no responsibility but TO- their stock-
holders, aud no principle Ut, ac,ltn but p!r-
sonAl and cnrunrato ACKNOWLEDGEMENT. thAl In
nldlng somewhat to the ptwcr n1Nl patronage
Of Goset'nient directly Responsible q tf'''
RcIn,rt af the United Sttstcs Sc'titc Commit
tcsG,t Inlnsp"rntfon Ro,ttcS, nu1G ths.
IN thn nptnlon II your Comnntitce, the
evils nre far less On thu slde of Government
ownership tllnll they re t" leave such nup0r-
1uMit!es for undnty taxing the public III prt.
yase l'a.lds: II tho nrE91nrllt y ssli!! tlat
cannot ] tio % bettsr tfan tha GOV Govsrmmeat #
would, II carried tU logical conclusion, rul.
cEhto our present POSTAL system back Into
y III closing, xo recommend the lntlorse,
lnctt Of tns Resolutions adopted by Tic MI.
tn,,al Hoard vi 'rsadn In Nettmbur last, 'ns
~ E..,,,.o.1 tr.,,& A., ~,,,,lt, ~ Al. ,,,,,.,