New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-21
MR.. FIELDS STATEMENT.
HIS CONFERENCE WITH MR.. GARRETT.

PROPOSING AN IMPARTIAL INyEsTIGaTioN-LAiEo
LETTERS IN THE TELEGRAPH CONTROVERSY.
Cyrus w. Field returned from London on the
steamship Aurania which arrived here Sunday night
When reached his Office the next morning no was III
formed promptly and in variety OF ways that whle
he the president OF the Baltimore ana on'o
Telegraph Company had published. at the Instance Oh
Robert Garrett several dispatches which had passed DO
tween Mr.. Garrett, Mr. Field and Joan Penuer one Oh
the English directors OF the Western Union IoIegraph
Company In regard to the relations OF the Two com
psuies AS soon "a he had read the pup
lished correspondence, as well as that printed
IN reply by the Western Union Company MI
Field sent long dispatches to Mr.. Garrett
at Honbarg and to Mr.. Pender VINO was in Berlin he
demanded from Mr.. Garrett an explanation WI! HIS
reply FROM Queenstown had not been printed Win tne
other dispatches and he asked Mr. Penders PERMISSION
to publish all the correspondence by mail as well as TEL
sgraph that had passed between representatives Oh the
two companies in relation to the recent negotiations
This includes the private memorandum iuclosed 10 MT
Penders first letter which proposed that the b"o'o
aud Ohio system should he bought by an INTERMEDIARY
syndicate which should soil II Mt handsome prout
to the Western Union Company As MI fendef has "o
replied TO the similar request OF Dr. Norvin Gre H. pres
dent Of the company whom the letter was addressed
IL is not surprising that Mr.. Field hal Received no
answer yesterday.
While awaiting the result OF his messages Mr.. Field
wrote to President Bates OF the Baltimore and Ohio
Telegraph Company. asking why his reply to Mr.. Gar
rett had not been published ut the same time with the
other CORES pondence. Mr. Bates replied that the dis
patch did not reach him until the next morning. aud
that Mr. Garrett explained the delay oy errors in trans
mission. This explanation Mr.. Field considsrsa lame
one He said yesterday: "If the correspondence was
TO be published honesty ami deccncy required that
my repy should accompany 1t. II Is absurd TO
say tnat IL was delayed by errors In
sending for II he wished. Mr. Garrett could have
ad the essa repeated IN I'VE inmates ana thai wohl
snondruce I naI nut "a few minutes AT q ,eenst ,wn
where | received Mr. Girrers Dispatch. aud was the
boat for the mails The time short that dictated
my reply the Telegraph operator. whon could uol
before had hardly finished" In regard 10 tli sta e.
ment of Mr. Fender that there was only one interve"
between Mr.. Field aud Mr. Garrett. he added:
{" There only one interview at Mr. Pen
dcrs house and that was ARRANGED at Mr
CARROTS request but had other conferences WIN MN
II hotel aud own. Al tue Que wlcre M. zen
wa; present Mr. SaTTt Pop0'S% CD 70 Inc sell slime S er rene
tnat the Atlantic ami Pacific had been acq urea OLsn-
wr,,areiy that snrn propo,a. OF the qu s0n
tn conditions o. thu union were e1orptlonal
| explained tht when the Atlantic aud Pacuc aid
American U.lOu systcns were cOnsol lated WIN tue
Western Union Mr.. Could WIS the CONTROLLING Own u
the companies aud hat there waS II" one &" oppose
a1y terms wnich he might naSe In rePy to a mliuS
10y Mr.. Garrett Is 10 basis said that n"d no author
ny 10 propose terms out thht Ihou-h q" l'eI, NV
ould Or de On the relative earning cdPa' ~ ol ne
Two companies. lie hni rcared .a"t Toe bSltn"r%
and Ohin was earhiug 50 per cent ana a. gu uot
calm tuat the Western Unon was earning ni JNer
pcr C. ut. the basis seemed r'asOn.hlc 10 no l'kcl
of coursr th disint' ted person rhOnld bc y =
United to che accounts oil tlc Two cOmpa"les 70
- ertiin the oaruin< power. Ir GIfeL fcIu'od W
accept such a basis for tue settlement
"lnid some psin talk with Robert Garrett st thht
| interview" Dir. Field concluded.
40 him q silucfly that would bankrupt the
Baltimore aud ono railroad aud Robert Garrett TOO. u
IN. k,It The course he " Iuc railroad com
many said. has q capital of SI5OOO.OOp aud rurP IL
- 100000 but only paid te per cent dividends on
us sturk. Ihe of the earnings To toe real invest
men cOlld Dc easily f. NY inquiry what the til
esraph nad cost tue company ne rclrh tht some
tbing over 100000 hdd been spent ~ The last i""
wear, NEE separate accounts had been Kept ana Aohi
900 900 before line. deC red tha tn loss On
ina account tnan the railroad company ia
canned in the ears althOuEn he cOnfnuy ohtrSel
N OF conrse to the telegraph .ompauy and ngurrd II
| among IT. ns,~ts at tHc face value
Ia my dispatch proposed that the two compares
sbouId he subjected thorough inycstigat0n a. 10
their earnings AMI cxpenses Here Is the corrc-pon
/ dpugt