New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-07-18
OMITTED AGAINST WESTERN UNION
THREE TELEGRAPH SYSTEMS COMBINED.
A POOL OF THE POSTAL, BALTIMORE AND OHIO AND
RANKERs AND MERCaANTs' COMPANIEs.


Opposition To the Western Union Telegraph Company
has resulted in the practical union Of the Baltimore and
Ohio the Postal Telegraph and Cable and the Bankers
and Merchants Telegraph companies. An agreement
for the pooling of tho business and earnings oil the
three companies for period of twenty-five years was
signed "wednesday evening. According to this agree
ment the management Of the allied companies viii be
ia tho hands of joint committee composed OF the ex-
ecutive committees Of tho several companies Each
company will have equal voice in the management
without regard 10 tho number OF directors constituting
its Executive Committee. Tho agreement provides Tor
affirmation however, whenever disputed questions
cannot be settled IN any other way The division OF
the earning of tho pooled lines Is an arbitrary one
based neither the mileage nor capltal ot the com
panies II has not been made public, but II ia known
that the Postal will receive larger share than either OF
Tho other companies by of s cable Ines II IL
surmised that the division II thrce-sevenths to the
Postal and scyenth4 to each of tho other companies
No guarantees Of the existing Obligations OF any OF
the companies are given by the agreement. EAch
company is to maintain separate 0rganlzatlon put
after the COMPLETION of the lines under contract,
future construction viii he decided only by the pool
management. Tho three companies Will then jointly
and sevcray guarantee interest at N per cent on the
actual cost OF new lines built by either company. All
competitive Offices will be consolidated. 10 executive
management will be- i'm tho hands of u. H. Bates, presi-
dent of the Baltimore aud Ohio, with &. :. Mott ptesi-
dent of the Bankers and Merchants ~ general manager
II il understood that John W Garrett, james Gordon
Bennett and John w Mathay will be members OF tho
Joint board of direction.
be union of these companies brings under ono con
troll over OOO miles of pole lines. and l2oOOO mos
lines connecting an the nln'IpNl CUES efr VI
the Missouri River and southwark ~ tar ~ Galveston
The allied companics will have four lines between New
York and Boston, with branches 10 Newport md Fall
Kivor f,ur line. be- Wren Now York. Philadelphia.
b iltimofe and Washington and i've lines between
New York aud Chicago, having IN tho agRrcgate h1ty
,vircs ono of hose lines ia direct route by way
of bingham on Elmira aud Cleveland. two are by way
oi Albany. ruoalo, Cleveland and Toledo. including
the line on tho Nea Shore and Buffalo and the Nickel
Plate r.ifoaIs one by way of Phadcplis, Harris
burg rutshurg. Cincinnati and Indianapolis, ana one
bv vy of Phf delpba Baltimore. Pttshurg. Wheeling
and Cincinnati on the o the Baltimore aud ohio
Railroad They will also have three lines ttum
Chicauo to vt Louis limo from Chicago TO 81.
PAM : ono line from 81. Louis 10 kanana city and
Omaha; ono line from Cincinnati to 81 Louis. ono
line tn Nov-Otlrnna and Galveston from Washington
hy way of Richmond panville AuRuata aud Atlanta.
Tin and Mont geometry, Ala, with branches extending
from IHchinopd tp Noriullt from Columbus to Charles.
ton and from Augusta to savannah Atlentato Macon,
aud from Petersburg 10 Weldon alao limo 10 Atlanta
Il, wnv of Cincnuai out,,illc. NHshVillo aud Chat.
i.poosa and a srroud limo 10 galveston md Now
Orlrpn. bv way oi tho Gulf Colorado and Santa 20
Railroad lhe.e Joined together hy NattouH local
connecting lnoa Including two through the OIL regionn
he tWcou Hunalo aud litl burg, aud line rom Toledo
to Detroit, Hnd from ~ racuao TO bsdehHbuig ana
Montreal
Included I'm tho combination are a stock indicator
systcm which il now ia operation In NeN-lorL and
Ihiladcp ua district messenger companies In the
principle cities. and telephone ~ stem which Will soon
be pat into active operation.
has not vel been decided what rates will he charged
for messages by the Bennett Mackly cables. but it il
animated bv friends Of the united companies that the
rates will be considerably lower than the present rates