The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1883-09-01
Crosse & BlackweII's Goods.
NUMBER 220

non partisan system with the police and
army. postal telegraph might become
acceptable If such a ~ stem could be
adopted here" Witness spoke OF the
snnctity Of all mess ges which came
into their hands and which had been
preserved IA far as possible with regard
to all parties in any way concerned. The
company could not afford to have any
p rsOn In heir employ whose integrity
could at all be questioned. The sanctity
of every message given into their hands
was IA much assured IA communication
made to u lawyer, priest aud physician.
None OF the officers OF the company had
access 10 the messages The largest
stock holder in the company held about
S3O,O0O,0O0 OF stock When the strike
occurred 1t would have been fatal to the
interests OF the company to have yielded,
IA it would haze been an admission. II
would be i'll the power of operators to
dictate the terms. They could never
consent To any such conclusion. The re-
latiun between the company aud its en-
ployes was regulate strictly by the law
OF supply and demand. The salaries
paid were equitable and Just, and that
was proven by the fact that no other
telegraph company who paid similar
wages ever made any money. The com
pany hat expended 100000 900 IN cash,
and there was AN issue Ot S43iOOnOu In
stock. shortly after 1866. the total issue
OF stock was about S3D,UUOUlu. "if held
stock of the Western Union and hal
guarantee against any antngonislir legis-
hlion, | would not give II tor 800 OOO.-
ONO. 1t Is the policy vi the company
TO crush out all iivh organizations. The
lines purchase. by the Western Union
are worth more TO 1t than they are TO the
company who sold them, II is the policy
of the company to absorb all the other
lines ut the cnntry.'
We mean to cover the entire country
the telegraph business of the country.
Take for instance the Mutual Union,
which was earning SlO,OOO,0O0 month
and spending it. We could earn it and
keep most Of 1t, think there was some
talk OF buying up opposition lines, but |
advised against buying up any more.
We had to buy the Mutual Union AZ
they werr formidable competitors aud
controlled eXtensvr railroad lines The
West rn Union company did not buy
up lines to prevent competition. When
lines were purchased the profit consisted
III The ability Of tn Western Union to
do the work Of both with lit 10 more
than the expense Of une. The cunsollda-
ton Of compAnio, had not been followed
by an increase in rates except In cases
where competition had brought the rates
down, making aud increase OF rates ALSO
lutcy necessary. The rates have been re-
duced generally. All OF the SO,t0O,OOU
stock OF the company h distributed OK
ccpt $4,000 to 6OuOO, which is Ill the
property OF the company, to be- used H.
making u division We have always had
cUmpotitOn. We control business boz
cause We have the largest lines. There is
80 per cent. advantage In having "A tcr-
graph On line ct railr nd. Rates are
cunsta tlY being reduced, The % cent
arcn IL now being extended, and
message can now be sent
1000 miles for Sl5O. There il II sub
alta tial consolidation, combination or
union Of railroads and telegraph
companies. In regard to the
relationship existing between tho Wos
ern Union and the Associated press, 1t
was purely Of business character, and
ns 1t was an exceptional besiuess, it re-
qured II special contract. The Assu-
ciated prcss claim the right Of property
IN the news which they obtain, as they
have their own methods Of getting it.
Mopdny next DIR. Green will be further
examined.