, 1881-01-16
1hp Rank Statement for the Past Week
''' the Most Favorable tor
a Year.
eoa,.Mining On Full Time to Be he"
sumed at Once by the Consol'
idated Companies.
ss|f.EYident Bottle Hoax Concerning the
Inflated City Of Boston.
CONSOLIDATION


e..r,., y,i,ndtch to Ths Chicago 7Tabtnr.
yonx. Jau. l5,-There Il q good deal OF
-s..,,t,on st,N over the consolidation OF tele-
rIson con,nanies, Opposition to the consonda-
son !. etrnnr IN the Cotton Exchange, but ap-
49,, 49, mt n hare extended to the other Ex-
ssarrat Mr.. Gould's control Of the majority
II H. stock Of the present Western Union Com
,,,r ,nd of ine new consolidated company Is
nv acknowledged. Although occasional ex-
ntss.ons s1e heard Of doubts as to the carrying
not NJ the new tcheue, it is said by gentleman
xho usually speaks with authority that
T. Eckert, one Of the best
teIeeraph ruauaEers IN the country.
md the President Of the American Union, as
ba formerly was OF the Atlantic i Pacific Tele-
e7snh Company, has been positively agreed
mon as General Manager Of tho business OF the
consolidated companies.
4 SERIOUS QUESTION
Is to the poxor OF the telegraph companies to
consolidate has been raised in Pennsylvania
The Constitution Of that State, IN Sec u OF Att-
IL, contains the following clause:
-~No telegraph company shall consolidate With
or bold q controlling interest In the stocks or
bonds Of any other telegraph company owning
competing line, OF acquire by purchase or
otherwise any ether company's line Of tele-
graph"
IT Is held bT rrpninent lawyers In peunsyl-
vxnia that this inhibition will completely block
ths proposed stna!Ramattoa as far as the lines
within that State arc concerned, and that it the
,,ssoe,ca-, ~ ,ha co,,r7on,rca1th do +h.,r antv
ths consolidated Company would
LOSE ITS RIGHTS
II do a,1v business in PENNSYLVANIA. II IA ,,n-
de,5tood that the constitutional provision will
b. brought to the nouce Of Attorney General
Palmer in the interest Of the public and that he
v1ll be urged to 20 into court upon it should the
Advancement stated to haye been entered into
between Gould and Vanderbilt he pushed.
1t The Office OF the Atlantic l. Pacific Company
itvas said this morning that if the combination
snail be formed there would be no increase of
xstes fe dispatches, as it had been proved that
cheaper sates paid better In the long run than
deares one, far 1srse1 number OF pcrsons in
nropornon r,,oo tha 1e1so-anh ] ,rh,n 80 -n+e.
were cheap than when they were dear, thus in
dressing instead Of diminishing the profits. The
greater
The FACILITIES FOR RTELEGRAPBSG
ne @1ger would be the amount of business,
*nlle the cost OF maintaining the telegraph
soafa cot be increased to tie same extent. 1t
Va tuseaeF s1fd that the rates for telegraph
ospa'coes were much lower to-day than they
Te9e ave geais ago aud ret the profits werc
AtSet, IN consequence of the increase OF busi-
aeSa 1oese Was very large attendance at tho
meeting to-day Of the Cotton Exchange, which
aao oeea called to
PRoTEs1 Ac4rysr rur ,,o.,o.rn
G24PH CONSOLIDATION.
1ae President in announcing tho purpose Of
w okaloe11n9 SAID he did not believe that the
memoe1s of the Exchange, or that the members
ota41 exchanges Of the United States, or the
e'eaots OF Of this country, were will
x % submit to this consolidation and nanIpu-
.s4 .s1'4 :" tue telegraph interests They were
80 ae sasd, to protest against it, and to take
ss1s aeoon IN the matter Of forming new
sspaa,' Inefe was considerable discussion OF
-. ~ sauecs py the representative businessmen
.I'ssn1 EMO tock the ground that the doubling
<.o - W. capital of the Western Union from
>AA"aa@ to &So, ,o0A0oo meant
Ay 1ycRr.er o- ra,r.u
y. 70 ps1 OF businessmen, so that tho tele-
stf ssafa nonopol5st could pay dividends On the
ct'e'eo sfock~ Tho remedy vas to build an
s'4eF 1oe aad this they considered yery easy to
w. one OF the speakers announced that n new
=. .'a0~a5, eacked by men OF wealth. WINS n1ready
=. - "e aeta, and it would not be sixty davs, If
s 1e eoems was carried out, before wires would
~ uecfed in opposition TO the Western Onion,
saa "tapany, he said, had been Organized. aua
sGt'pnons 80 were being received. This speaker
:a4a IN conclusion: "The Western ITnion Conn
~ nas bought cut every Opposition comnanv
'0S Was started at much
MORE THAN THEIR WAITE
.aas-tA voice. "They'n h,,v that TOM +h,a
WI b company which fhor oil, ~ he .h,a -,
oas' lanouts Of "Oh! 0hs''1 Ftrht,. r,,,l;ors
" capital Is ahcuf @. ,,,A .,,,