Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1883-09-07
BONANZA MACKEY'S PLANS.

Vice President Cummins Explains What the
Directors of the Postal Telegraph Conn.,
pany Intend to Do.
One of the principal topics of discussion in
downtown business circles, now that the tela-
graph strike has closed, ia the purchase by
Mr. John ". Mackey and his friends of the
controlling interest in the Postal Telegraph
company. Inasmuch as Mr. Mickey has en-
nounced his intention to organize gigantic
opposition to the Western Union company .
great deal of anxiety is manifested as to his
plans. 4 representative of the New York Star
Was given, by Vice President Cummins, state
ment OF what the new management intsnds
to do:
1--WE now have plenty of cash at hand with which
to work" observed Mr.. Cummings, land hereafter
we shall not be hampered by the want Of tundR
Mr.. Mackey intends to put his shoulder to the
wheel in earnest. and when man Of his wealth and
sagacity takes hold Of scheme the public can
assured that the project will be a success We
tire change in the telegraph system Of the country
It is our intention to establish cheap and uniform
rates for the transmission of messages to all of the
principal cities and places in the United States and
to be prepared to transact any required volume Of
business without delay. We will provide prompt
and reliable communication between the stock aud
produce exchanges and boards Of trade Of the large
cities, and between them aud the Atlantic cables"
What will be the character of the lnes1' vss
THE line which We have already constructed BE-
tween Now York and Chicago is a sample Of the
kind Of lines which will he extended throughout
FF:noiss CO.. AID to ali the 49,, large citss
pense will be spared to make the plant first-class
in every respect We will have nowhere less than
forty poles to the mile. These poles will be thirty
feet in height, of unusual size and strength deeply
and firmly set in the ground, and we'll secured on
curves and at exposed points. There will be used
heavy compound wires of such superior condnc-
tvity that the electric current them will not be
disturbed by storms aud atmospheric charges"
What ls the present property Of the company!"
New York and Chicago large wire factory at
Ansonia, Conn: the Leggo- automatic system Of
telearaphy. the Gray harmonic system. These.
believe. embrace all the most valuable improve
ments in machine. automatic aud multiple tele-
graphy, fully covered and protected by funda-
mental patents Our company can indefinitely
increase its business by simply increasing the num-
Der Of operators to the extent of 100 more on
single wire: whereas, by the common Morse
method now in use, each operator occupies q wire
exclusively in sending a single message, and III
order to increase the business the number of wires
must be increased accordingly"
How about tho Atlantic cabless"
we have contract for the exclusive Interchange
OF business with cable company that proposes to
Immediately construct and lay two sub marine
ocean cabes connecting the iiues Of this company
with all the principle cities Of Europe, the cable
rates to be cheap and uniform, corresponding to
those Of this company"
DO you intend TO rent wires to private parties2"
THAT is part of our plan. In addition to tia
large earnings from commercial business, the
company will receive large sum from the rental
of special wires and privileges for which the de-
| mand now greatly exceeds the supply. This IL
also true OF tho trunk inss proposed, and each
additional trunk limo built vii! greatly increase the
aggregate earnings. We expect that the rental OF
wires and privileges will be- sufficient to
pay interest on the cost Of the linsa Each trunk
line between any two cities will pay within itself,
and their earnings will be vastly augmented when
combined and connected with the cables, and they
these cities, to the exclusion OF all other companies
making the net earnings of the company sufficient
to pay the interest all its ponds and large divi-
dend upon its capital stock"
Mr.. Cummins said that he expected that
the Postal Telegraph company would grow
rapidly, and as illustrating the possibilities Of
| its career he cited the remarkable growth OF
the Western Union company. The latter
company began as the House Printing Tele-
graph, with capital of only $3.50, 900. Now
it controls the lions share of the telegraph
business Of the country. The increase
in the volume Of business and the
amount of earnings have kept pace
with the increase of capital, the traffic OF the
Western Union company alone now amounting
to over 3O,OOO.0OO Of messages, gross re-
oeipts, $4,000, 1000, and net earnings.
81, 900, 600 per annum In conclusion Mr.
Cunmins remarked:
s'The Postal Telegraph company, with its per-.
feet wre improved systems, trunk lines, cable
connections superior and reliable service ana
cheap and uniform rates, will enter the field with
certainty Of success"