The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-09-22
zJAY-GOULD'> LASrnOvE.
The Latest Offer for The Control of the
Associated Press

7The Latest Offer for The Control OF the
zs2szz Associated Press
New y YoRK, September 2l.-It has been
known for some time past that the man
who is the virtual owner of all the tele-
graph ,plant OF the country, the owner OF
all the cables connecting America with
Europe, and the guiding spirit in the con-
troll OF the railroad systems OF the United
States, Jay Gould, has been casting covet-
Gus ewes on the NewZGo ork Associated
Press. This organization is composed OF
seven newspapers, three OF which, the
Tribune, the World and the Erening Express,
are already controlled by Mr.. Gould, and
the possession .of fourth paper would
give the management OF the machinery OF
the Associated Press to him and would
place many of the avenues of the country S
news at his command to use as he might
deem best suited to his interest. Last
week he offered 81 800, GOO for 81 OF the
100 shares Of stock OF Il prominent New
York daily, but up to this time he has not
made bargain For the New y ork Journal
Of Commerce he has also been in negotla-
ton.
On Saturday last meeting OF the. New
York Associated Press was held, and 1t was
feared by some OF the New York publish.
ars that Gould had at last eutwitted them.
He had obtained the kindly favor OF MIR.
Charles 4 Dana, OF the New York san, by
oraciousiy allowing thniGentieman to make
q turn on telegraph stocks and to come out
with immense gains. 1t the merry edltor
were TO absent himself from the meeting
the vote on Mr. Gould's schemes would be
3to s. On Mr.. Dana's vote, therefore, de-
pended immense interest, and to the re-
lief OF the Herald, the Iimesand the Jour
nal or Commerce Mr.. Dana appeared on
time and voted with what is known as the
sold Association" to distinguish it from
the Gould following.
What Mr.. Gould proposes Is to install q
q directory OF nine men-threc from New
York, three from the West and three from
New England The present controllers OF
the Associated Press declare that this
would simply be preteNt TO overturn
them. When it is known that the Assocl-
ated Press pays 5000, 900 year i'll tolls
to the Western Union Telegraph Compa-
nv the size OF Mr.. Gould'S venture can be
appreciated.
interviewer with the tale OF Could S
scheme is an announcement that Alr. John
W. Garrett is forming a company to lay an
Atlantic cable i'll opposition to Goulds
lines. Mr.. Garrett is worth between SlO,-
100000 and SI5,0O0,000. He is building
telegraph, lines in every part OF the country
in competition with the Western Union
Telegraph Company. and he proposes that
his communications with Europe shall not
be regulated by Mr.. .Goulds whims. Robert
Garrett is in Europe, working up the pro-
iect A landing on this side has been us.
sured. Siemens, the great electrician OF
Berlin, is working in hearty accord with
the Carrots, and has given them to under
stand that he will take all the stock
not otherwise pareeled out. lie says
that cable with all the modern improve
ments can be laid ior one-fourth
OF the cost OF the lines now connecting the
two continents. Dir. James Gordon Ben
nett, OF the New York Herald, put his
name down for hall million of the stock
OF the company, and promised to raise the
amount to million ii necessary. Mr..
Garrett has also subscribed Tor half a mil.
lion. Capitalists OF Boston, New York and
Philadelphia also appear in the list, and
opposite their names are figures from $780,
coo downward.
The stock thus subscribed for is to be
placed in the hands OF trustees for period
of three years. The telegraphic charges at
no time are to exceed sixpence, or twelve
cents a word This bold undertaking will
probably provoke lively war.