Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-06-03
Tho Compromise with The Associated
Press.

HresS.
CHICAGO, June 1.-The New York CORE
spondent of the Tribune telegraphs that paper
that ''Ihe recent action OF the Associated
Press in Withdrawing its business from the
Western Union Telegraph Company, and
within five days returning TO the service
which it had found occasion to object 10 for
sufficient reasons no doubt lat least in going
back with a large part Of its businessl, has
set people here to wondering again as to
what is in the wind between the Western
Union and the Mutual Union Telegraph
Companies. 1t has been for a long time the
puzzle of the street. When the Associated
Press went out and began patronizing the
Mutual Union, with the apparent determine
ton to make a strong fight unless the West
ern Union conceded better terms than they
had been giving, it was interpreted as an
evidence that the two telegraph companies
were
NOT U THE FRIENDLY A
that they had boosted would be the govern
ing principle OF future operations, and that
they were, in fact, open rivals and bitter
contestants for business. But the Western
Union people got together, figured up the
loss, made overtures, and brought about an
arbitration with the other side, and the result
was that on Thursday last the Associated
Press difference had been healed and every
thing was running on as smoothly as before.
What had accomplished this action? 1t is
pretty well known that Mr.. Jay Gould con-
trolls one-third of the stock of the Mutual
Union Company, and that he has friends
enough in the company to give him a strong
leverage on the management of its affairs.
While it may not be absolute control, and
from what can be learned it is not, yet
HE EXERCISES AN POSITION,
and his voice certainly has its weight. This
is evidenced by the election Of directors at
the meeting last Monday, if by nothing else.
But it is also stated by people who are in
terested in the Mutual Union Company, who
talk it among their friends outside the or
ganization, and these friends dIscreetly con-
ide it to your correspondent. From them it
is learned that the real secret of the settle
ment of the Associated Press differences was
a conclusion that was reached last week be-
tween the telegraph companies to pool their
earnings, and thus do away with rivalry in
every sense of the word, and ad just every
thing on the harmonious basis of equality
and friendly interest. Under this arrange
ment, the Associated Press, for instance,
could see no special advantages in one COM
pany over the others, and, being
ASSURED EQUAL L BY BOTH,
is at liberty to do its business with either one
or both, just as it sees lit. 1t Is stated that
this agreement is extended to all business,
so that everything is in common; but, like
railroads pooling on earnings, there are two
distinct sets of officers, with a community of
profits as regards the territory equally COW
cred by both corporations. This, my in
formant states, will probably have the effect
to stop the extension of the Mutual Unions
lines, which up to the present have very rap
idly extended. With this state of affairs, is
Mr.. Gould the controlling power, and will
the Mutual Union eventually cease to be
distinctly such?-