The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-01-26
MONIED MEN
AND THEIR MANIFOLD MIEERIEN
AND MISHAPS.
RufHH Hatch and Jay Gould PItted
Against Each other IN 'OurI-MF.
Tilden's UHpnid InGome
Taxes = RuhSIH'a Cot.
ton Kiug, dc.
HATCB'S HICCu

ln lha Consolidation UT The Telegraph
Companies -TAEiHE Evidence In The
Case,
NEw YoRK, January 25-Ths Ca0e OF
Rufus Hatch against the Western Union,
the Atlantic & Pacific, and American
Uaion Telegraph Companies, to prevent
their consolidation, was called in the Su.
preme Court Chambers to-day. The ses
sion was taken up In reading attidavits OF
officials of the various companies denying
that the purpose OF consolidation was In.
imlC4l to the public
Jay Gould IN de affidavit that he was a
director In the defendant corporation, the
American Union; that previous to the
consolidation negotiations Rufus Hatch
came to him aud made representations
about the advantages that would come
from union oil the companies; that
Hatch said he was getting up pool OF
100 600 shares OF Western Union in an.
tlCIpatlOn oil the harmonious workings
OF the companies, end aeked him Could
to 70 in with him. Gould's affidavit iurther
proceeds 10 say that the consolidation was
largely Influenced and brought about b,
the advice Ot Rufus Hatch himself.
An affidavit was read from Washington
b UOnueTB, In which he said he had an
interview with Rufus Hatch on the 10 h
OF January 10 which the latter stated that
he was owner OF u quantity OF the capital
stock OF the American UuIUu COmDtny:
that he was dlspleased ~ being left out OF
the deal as he called it, and t'at he ought
to have been taken into 1t. Ha suggested
that his shares IN American UnlOn stock
shoud he taken by them al the price West.
ern Uuiun was then selling at. He aIsu
said he had no i'll feeling toward Gould,
but had toward Vanderbilt.
NEW TELEGRAPH ENTERPRISE,
NRw YORX, January 20 Information
was received at the Produce Exchange to.
day, that a number Of Western capitalists,
fearing that uudsr the rule Of the tele
graph monopoly exhorbiiant tolls would
hereafter be txaCled for telegraph bu-i.
ness, had decided to orRaniz, an indie.
pendent company to build line between
Chicago and New Y ,rk. A prominent
LAWYER, Wirt Dexter, had been engaged as
counsel, It WAS stated, and he was now
in Springfield, III for the purpose
nf Obtaining charter. The prirCi pal
business OF the line was 10 be Tor trade and
stock business between the two cities, hut
In the course Of time other business will
be done over 1t. he CnpIat0rs Of the
new company aroN. K Faubank, George
l. Dunlap, Gaorge q. Walker, +. A. Keut,
II. W. kiuR Peary II Smith, ] B Lyon,
and SanIl J 'hns0n. The Intention 10 to
run four or five wirea. which CAn be put in
operation for $500 900 The movement il
looked upon with favor by the members
OF the Produce Exchange, who say that
there need be no delay in obtaining sub
sCriptions, Several "fthRm expressed their
willingness to raise So 00O 600 II necessary,
20 put such line Ia operation. Men
'iOn was made Of the independent line
owned by merchants in New Ynk, Chi,
CAgo and Mtlwaukee, running from ChiCa.
90 to Milwaukee, upon which charges for
messages are ten cents for ten words. The
earnings gave pr g. to the stock holders
OI 400 per cent II ls Intended to continue
this line to 81 Louis, which, in conneC.
tion with the new line proposed, will give
q line from the three cities to New York
1t 10 believed that connexions will he
made with other trade CentetB, both East
and West.