Savannah morning news. [volume] (Savannah) 1868-1887, 1883-02-15
THE NEW ATLANTIC CABLE.
The Project Not AbandOned-Mr. Gar
rett's Emphatic Statement.
Rrfta..l... g.. E,.I.....----- -

The statements made by Mr.. John Pen
der, President of the Direct United States
Gable Company, at the meeting of the
Board OF Directors in London on Satur-
day, that the new Atlantic cable to con-
meet with the Baltimore and Ohio land
wires mad been abandoned, are authori-
tatlVely denied. Mr.. John w. Garrett. who
represents the majority of the subscrip-
tlons TO the proposed undertaking, saws
that no agreement whatever has been made
with Mr.. Fender or with any of the cable
companies. That while the revelations
made in the speech of Mr.. Garrett. de-
llVered at the recent opening of the Corn
and Flour Exchange, have led to impor-
tant changes and the removal of a uni
yersally condemned agreement between
the cable companies, by which all tele-
grams passed through the Western Union
Company in New York, yet many serious
wrongs, In the Judgment of Mr.. Garrett.
continue; as, for example, on the i'm
mensely watered capitals of the pres
ent cable companies they have or
ganlzed monopoly by which
they exact 90 cents per word
on all messages other than press dis
patches crossing the Atlantic. In Mr..
Garretts Judgment, with new cables.
built with modern Improvements and at
the lowest cost for cash, satisfactory and
fully remunerative results could be oh
tanned at half that charge. namely 05
cents per word. Mr.. Garrett considers If
is singular indeed that just as this state
ment Of Mr.. Pender's comes to hand.
winch is doubtless designed to be great
advertisement for the Western Union. Mr..
Pender's advice about monopoIes is dis
regarded and the Western Union paws
1000 per annRm to absorb the Mutual
Union Telegraph Company and DESTROY it
as a competitor. The Mutual Union had
large receipts, but spent it all. it is
said, in operating its lines. This move of
the western Union mOnopOlyis regard
ed as more Objectionable because it pro-
poses to shut off Mutual Union offices.
thus decreasing the accommodations of
the public. The purchase of the Mutual
Union Company is no victory for Mr..
Gould, for the Western Union has in
creased the load it has to bear without di
minishing it's difficulties. 1t is also
claimed that the more Mutual offices that
are closed the better it will be for the Bal
timore and Ohio Company. There is not
the slightest prospect of the Baltimore
and Ohio varying its attitude, and it
has determined to maintain its indepen-
dent position as permanent competi-
tor OF the western Union Company. and
the new Atlantic cable will be built at as
early day as practicable.
The management of the Baltimore and
OnlO claim that their telegraph system is
essential for the interest of the railroad
company and will be permanent, and that
they have provided additional and abund-
ant facilities for commercial business, and
that it is their design to extend their
facilities to any extent as far as the re-
quirements of the public may demand.
The proposition Mr.. Pender made Mr..
Garrett was that his company would give
the competing lines the same facilities and
advantages as the Western Union and
abolish the espionage of the Western
Union Company. Even if this is done it
Will not satisfy. Mr.. Garrett objects to
the tariff of 80 cents per word which their
watered stock makes necessary in order
to pay their dividends. The Independent
telegraph office in New York was brought
into existence, it is said, by the exposures
of Mr.. Garrett at the Corn and Flour EX-
change opening.