New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-10
TELEGRAPH INTERESTS.


ADDRESS. In
r,,o local aspects of Senator Schroeders bill
10 nreyent telegraph companies from consoli-
dating we're presented in the arguments maze
at Albany yesterday against that measure
The argument made by DIR. Norvin Green Oh
Tuesday is given in full herewith.
RESISTING LEGISLATIVE RESTRAINTS.
vtRTHER OBJ CTIoNs TO SENATOR soi'onD'
MILAN INTERESTING STATEMENT by DR.
GREEN.
Albany. Feb 9.-Furtber argupents on senator
schrosaer,s hill forbidding the consolidation OF
comneiinp telegraph companies were made to-day
before fine Senate Committee on scelianeous Cor
porations. Chauncey NJ. Depew, exJudge john N
Porter aud Everett p. Wheeler stated win great
force the many objections to the passage OF such
bill 1t would. they argued be an interference
with the freedom of commerce. and womb there-
fore hinder the growth OF the State In wealth.
Senator Schroeder and Assemblyman WARREN in be-
half of the bill argued that if 1T became Ia" coi
netition between telegraph companies would DE as
sured and persons who sent messages would
therefore not be compelled to pay such high rates.
The text of Doctor NOrvin Green's argument De-
fore the committee yesterday is as follows:
MIR CHAIRMAN AND GENTLEMEN OF THE COMMITTEE:
q cd MS by allowing us full discussion and hearing on
tnis question: propose, win me lnauigcnCe 81 MI,
com anc,s Of Inc matters sought reached and
effected by the bill now under the the
seVera interests involved We here to try to per
sna9 the that of
particular transaction at whch u rs pIop"ois oI 49,
We Msa SSfy s, asa se' have sS
esnSss Of as Of directors an" and 's
o Of the ompanies. according to the law as II
spS % perssas se committee that what
Is bad legislation and thirdly because DS El is aus
tssonistic TO great interest which we represent and
think without sufficient cause the toc .Decuaon
out OF consideration in tns matter there Is absolutely
n9sans ei sa ID to have made great deal Of
money IN stock operations connected with this ransac-
tom sn& Of Indignation boiled up and
the country. and s sorts OF % LIZ 0eraI
demand for It.
THE STOCK SPECULATION
Now the SUN and substance Of that stock speculation
IN simply this An opposition telegraph line to the com
pany represent projected, and. with great deal
of talk and flourish as what they proposed to do the
stock OF our company thereby run down to great
deal less than its intrinsic value, as all sorts OF
snrt Of thing was being constantly made, which mate
rally affected he stock We cut down our EXPENSES anu
Soaers Of our Company unlosded what tey could
1ss s n1 We oes
warfare. when, to our surprise It was ascer1alnea
f that ns s Of our stock and then announced
To- IA that they ready for adjustment We were
taken by surprise II we had considered " In specna
sivs sense We had only TO say not ready and
thereby eoweed recedns or ie market yss sS o.
but there 1000 stockholders in the country VINO
We're r n%o IN it, market v,ue and they would have
been induced or compelled TO sell II at sacrifice: We
GOULD afford to forego an opportunity 80 nnexpeet
eddy offered and We accepted the negotiation Ihat was
IT 60 happened that number of spectators fol-
lowing close trail Of the great leader helping HIM
20 sell the stock down 6y selling shares they aid not
own. Everything was going lovely, they wtre quite
persuaded the stock was good tor ten or twenty points
tracks aud this hole pack by, intent upon the
chase that they did not see bin as he passed back pick
had found trail in the direction they felt sure he was
NE wss s sEs Wh
Then OF course there was "a great howl.
injancticSs and the Court od them i0at eyery!hi
done strictly Legal They came before the NJ aat
tine matter, mat what bad been done was strictly IN
sSmpaSas remind e good deal o.
friend OF senator Bright Of Indiana During the Nor
%sn c1rnos o Se5s ss %
BE- a rn1 T Toa Vent SS see his senator
about letling the contract He was ntile lhie ana
aud told him: Don't put III bid yet We are 90
Ing have meeting and aange TINS hing 80 az 70 get
off Their meeting until one mo G n ING p'P Ths
ssDs.o S. Ss FRIEND and that
been let that all right" 1t Is ann ~ n1t d
way people who sore under TINS stock speculation
h1 Tn tie is' INJUNCTION case believed proof that
after the Sisr Of was his Sac I'D geTi rs
ing to get he O would VIC let tie a'' matter drop,
hnt IN IN that he served it about o'clock III the
afternoon Take that scheme out OF the case what Is
lefi there ANYBODY c1aag 46 0a se .eeSs s,d
and all has been written III all thdt mas appetreu
the pr yr on fs sesn Ta & are
good sci vice at fair aud reasonable iatoe.
TELEGRAPHiC PROGRESS.
fala rhorf hot
there is telegraph service In the world rs we
are rendering the United states to-day and there is
not any where In the world so cheap service except III
the Dominion OF Canada. We send message 5000
miles for 81 So and there is not another service IN the
world where messages are sent that distance at those
rates. Tie uniform shilling rate OF Germany ana France
cover Sny s ooo mes under their service computing
ali charges. you hnd the rate 70 be about ~ We
81 So and less than half the time message can be
that distance ee ha Tue enabcd Inc
pany consolidate companies reaching an over the
ton OF delay. There is no reaying, no recounting and
entering transferring from one company to ao,her
rss nG service VS delay" Tie aud Tsd ss
has been brought to It's present nselqlsess h sno
made possible BY means Of consolidation. When went
into the business 1884 message sent from NeW YORK
and no one expected S an answer the same
TRsy all night @
Worf ali day to get what accumulated there II they
so their message the next after 1t sent they
fhouoht they were doing remarkably well, Now, II
cotton firm send message TO New.Orleans irsm New
Work and dc not get an answer within an hoLr they
raise row about 1t. Our company has spent over
80 900 600 within eighteen months to meet The Increased
exactous the public upon the company 10 rem
der better service service that would satisfy our
customers two years they would raise row about
now. haye known to be sent over our wires
from the Produce Exchange n New York to Chicago ana
The ans yer would before the sender had left tho
counter they do not get an answer within hall an
M the most raise row, and 1t because O tue
facilities obtained through the means OF these