New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-14

the directors of the Western Union Company
baVe been called to approve the measure no
meeting of the American Union had been
called yesterday. That company is STRIVING
to complete its lines along the Pennsyl-
vania Railroad before the hearing in the
suit brought by the Western Union against
the railroad company to prevent interference
with its wires. The statements in regard to
the capital of the several companies in the new
organization are said to be wide of the mark,
but no trustworthy statement of the details
can be obtained. The proposed consolidation
caused great excitement in the stock market.
NO FINAL AGREEMENT REACHED.
The excitement caused by the announcement Of
the proposed consolidation Of the rival telegraph
companies was unabated yesterday 1t was fed by
the MYSTERIOUS secrecy maintained by those who
are supposed 10 be familiar with the progress of the
negotiations All that Is acknowledged by such
persons s that preliminary agreement for the
soIlatnn of the companies has been signed; that
meetings Of the directors OF the Western Union and
OF the stockholders Of tho Atlantic and Pacific
panies have been called; and that the Western
Union has publisned its intention 10 provide for an
increase OF its capital stock to $50 ,00O0 600.
In addition to these facts no information that s
trustworthy can bo oh aimed. Tic principals III the
negotiations refuse to make kuewn any Of the
details until tho agreement shall have been ratified
hY the comDanics. la tho aOsen of cortan intor-
nation, therefore, lnuumcrabe rumOTs regarding
the relations of the companies circulated yes
tcrday. Wild gu-ssos were vsnuTcd az to tho terms
Of the proposed consolidation. hut those
who m,ght confirm Or deny the reports
fused positively 10 do 80. 1t Was said, however, hy
az tho
Company that none of the c.irrrut rumors affecting
the po-luon of that company in the consolidated
organization was correct. lie was unable, he SAID
t0 give the precise figures but those that mad been
men, iuucd were not correct The officers Ot the
American Union Company positively declined TO
tlk on the subject Of consultation. II was SAID by
them, however. that no meeting 0 the directors or
OF ihc stocllhOidrrs had yet been called. A prom
iuent dircctorot the company admitted that he had
no doubt that the conso aton would be eli cted IN
tuIc: but he refused 10 mako known auy Of th' de
tails If the agreement This had been ratified.
he sad. by the Executive Committees OF
each Of thr tbrce comDancs and wOul be cor
Grucd by tie stockholders when Their meetings
should be- hcld When urged To speak particularly
Of the agreement. which had been approved arcoFd-
ing 10 hIs own statement ho referred IHE lEIHrNE
rcporfrr To Mr. Vanderbilt or Mr. Could. who were
able 10 eSpLaln the project fully. Informed tnat
th,sc gentlemen had refused 20 dicu>s the matter,
h,. picd thlt hs would not be authorized to speak
# they chose to MAINTAIN silence.
The President Of tine Western Union CJmp1Uy
was visited at his office scyor,l times bya RIB NE
reporter ""O VI" in'"'i'"'' I'P'S ""' "''S i'
"'''' W" ~" ~
N''" '''' -
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,.,,, III. .,,cr.t,.lIc,. ara entitled to r,,r.y,
,l,.,,.,.,t vrt l,.nn issued
tn,n.,crot fbc W,.i:.n Inlon COMPANY. refer
ring 10 ti, many nliuor. ia rcN,d TO thc tcIu- ol
tlc contract. sad yesterday:
"Comparln- 'h" financial condition oi Nh" COM
pauir H. is plIl That SOM " 'Ee S'a,' 'ncuiS md be
irr Nidc ot ne marx. To" Western Union has over
3fo 600 miles ,f WHO. ind pendent of as d, nuer.
lions: the American JUou has about TN.VOO uIra,
Ib,Ii,y, tl,. ,ncbId.4 l,s coqnr..iou.: tue A.
l,f.c and pac.i- l,s o,rr 3U.0O0 mlio, ot Vir-.
+, ,old br uc....ary to t.ke thcs, facts mo co-
-ldcrllion m compuUug tire capital Of the c'W-
,,,ir. ,n fine consolidated company lr - apu.Gnur
t,,t Soma, .f those who hayo ben naltrqg gu"-scs
nj, hc.uhiref have lost ,ht II these tniu,a. II
,,.,. ia ycuti,re u rnrss 1 shogG suggest thar
fam, ,.,,,.,,,i,ti,n i,, tre nrw c,mpauV would be
''' .t,.., ,r ,L, .,,.l, ., ,l,
ttttUf I.g
,.,, ,,,.r,nv IN thc Atlantic and Par.hc: two
..,, =. n ,,,.ric,u IIuion and Twelve
"'''"'"' w. Wv" -, M. :
htcchihs to IN" western uhoh' Inns o'i' Ii"" -
M tperc.t coui,cture but Ia not nearly 80 iOu6l az