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

to him. It was hardly time that they should be- be
added, because it was the rule, before two COM
panle5 consolidated, for the directors OF eacn
company 10 meet first ami decide what theY were
gong to do; then they submitted their propositions
to the shareholders. and finally they would come 10
the counsel. Although he knew nothing about tne
matter he thought It fairly 10 be inferred from
what had been published and from what was
oaid everywhere, that the ter had been constr;
cred bv the parties IN interest" lie had NOT hearu
anyone donv that the question of consolidation had
been discussed.
An effort was made by TRIBUNE reporter to see
President Green az his hOUSe last evening, Out ne
declined 10 be seen on the ground that he had done
a very hard days work and vas tired. The reporter
then sent the following note to DR.. Green;
WIN you kindly say which cne il any, u the stories IN
this morntugs papers about the reported CONSOLIDATION
is Correct
III a few minutes the servant returned with the
following reply in Dir. Green's handwrtmg:
There nothing finally concluded. and do NOT deem
It proper to give details to the public OF an unnnneo
negotiation. " GREEN
Samuel F. Burger one of the directors Of the
Western Union and n member Of the Execut'Ve
Committee, said last evening to TRIBUNE reporter
Yes. believe he two companies are to DO con-
solidaJed-that is the report, lsn't II y
That 10 the report. bnt we want TO know
whether not that report Is correct"
We'll, l eau only tell you what have every rea-
son TO believe concerning the matter: ,
Then may give you as my authority Tor max
ing the statement that the two companies are 10 Dc
consolidated p
"Oh, mol do not wish to have my name mixed
HAS any agreement 10 consolidate the TWO COM
panles been drawn upT
"A preliminary agreement to consolldate mas
been signed by committees from the two COMPANIES
] was a member of the committee representing the
Western Union Company" 49,
Have the conditions OF this proposed consoHda-
tion been agreed uDOnT
Cert~iniy; these conditions were made known
and agreed upon by the Committees Of the two COM
panIes az their meeting"
What were these cOndltlOnsV
THE conditions are kept private for the present.
Aud are known only to the members OF the corr
mittees ref rred to y
ExactyP
And anything published to the contrary"
Is mere conjecture. It has been determined to
keep all the details of the pr posed consolidation
private unit the final action bas been taken by the
cOmpanIes.0
Has any meeting been called for taking such ac-
tIonf
"Oh, yes; a meeting has been called YOn know
this question of consolidation must De voted upon
by the stockholders, and the statute requires GER
tam length of time to eapse between the giving OF
the notice and The assembling OF the stOckholdeTs
TO vote upon the question. believe the meeting OF
the Stockholders has been appointed Tor February
or ihcrea abon.-when the necessary time shall nave
expired" ~,
hen you think the consolidation will be made -
Bat might not the majority Of the stockholders
he 10 this scheme OF cOnsolldanon anI Wheh
the time comes yOfe against It and defeat II y
"lhey might If they were short ot STOCK; Dnt
not f they were long, for tue cOnsOldat non won
BE- combination of diverse Interests for tie com
mon QoOit.'
Then the preliminary agreement is Of no effect
Of it>eif after all ~ ~ Ii must be ratified by the
vote Of the stockholders to be of any ACCOUNT and
the result Df mat vote is yet uncertain y
"The stockholders will vote for their own best IN
tcrasls believe, and everything seems 10 Indicate
that the proposed consolidation Will DC ettected.'
William ii. VaudcrbIlis house, at Flith-ave. ond
T 1T ctu t., vas VISITED t"lcc last evening Out MI
NaudcrbIit vas invisible to the reporter.
FxCIfEwrNr IN THR EXCHANGE.
The announcement of the proposed consolidation
caused much txntemrnt at the Stock Ex-
change yesterday, and tho Business in
telegraph stocks was large. Western
Inn stock cp"ncd at 100, rl,e of2 per cent from
the close Wednesday. auA advanced 10 l14l9. After
many rapl. nuctuatlons the prlco closed at 1l0l2.
American Union rose from 933s 20 96, Atlantic and
PlcGc to f0Ii. and American DISTRICT,
winch u was believed ny E"nT W uld de-
rlNr some advantage from the proposed union,
rose from Gl to II. Ar the clio these stocks were
considerably below the hignr,t pr,ces made dnHng
he ,ltr: Amrrran UuIOI selling at 81. Atlantic
and Pacific at II. and An"rcan District at 80.