The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-08-14
THE TELEGRAPHIC WAR.
HoWIT STANDS IN WALL STREET.
Views of Several Prominen. Parties on
That All-Absorbing 0uestion-The
N 30. Plucky and Deter
mined, and Says She WIN
Win the Fight

New York, Aug. ls To J. Il. Zeublln, Gem
eral superintendent, Chicago, Illinois:
The following appears in to-dsy's
New York Herald, headed "Gould's
Plo. Falls" | send it for your use in
case Chicago, st. Louis or Cincinnati
papers wish to copy.
[Signedl d. II. BATES,
President and General Manager.
THE GOULD PLOT.
The Gould plot, by which it was
sought to boost up Western Union
stock by creating the impression that
tho Baltimore & OHIO Telegraph com
pany was anxious to sell out 10 its
dropsical rival, was the laughing
stock of Wall street yesterday. That
the whole published correspondence
between Gould, Field, Green and Pen
der was cooked up plan to affect the
market, seemed to he the general i'm
preston, and that the cable messages
passed between these WORTHLESS were
written with the idea that they would
be afterward published. Mr.. Pepder
cabled from London to DR.. Green that
he understands that Mr.. Garrett is
anxious to sell the Baltimore IL Ohio
lines to the Western Union. Not a
word from Garrett. Only Pender's
imaginings. Then Mr.. Green sends
cable in reply to the suggestion in
which ho seems to assume that
Mr.. Garrett had deposited
the Baltimore IL Ohio lines
upon his counter like bundle of
old clothes, and wanted TO know how
much he could realize upon them.
More dispatches came from Mr.. Pen
| der, with moro guesses at what Is
passing in tho mind of Mr.. Garrett,
/ and Mr.. Green again wrestlod with
tho imaginary Mr.. Garrett and the
imaginary buudle OF old clothes. He
says tho
PRICE Is TOO HIuH,
He does not need any more wires, and
any way telegraph companies are not
selling very high.
Mr.. Green wakes eloquent over a
proposition that was never made. Mr..
Field takes hand in the game and
cables what he imagines TO Mr.. Gould.
Then Mr.. Field and Mr.. Gould, re-
spectively, make offers to sell the Bal
timore * Ohio and refuse them. All
this time MIR. Garrett, who controls the
Baltimore q Ohio company, has not
been heard from; not word that he
has said or written is quoted in the
correspondence. All the dispatches OF
the series were written without Mr..
CARROTS knowledge, and arc seli-evi.
dent for the cunningly worded replies,
The new steps in the game are
| 10 70 Np..
Union mas secured control of tho
Baltimore d Ohio, and the moment
that denial is made the ingeniOusly
written correspondence is published
When Mr.. Garrett is heard from it Is
in a cable letter of his own sigma
turs, in which ho upsets the whole
plan by giving letter from Mr.. Pom
der, in which that gentleman denied
that Mr.. Garrett had over offered OF
consented to Mr. Field or himself to
sell the Baltimore e Ohio lines. Fol
lowing that no denies in q c2bled in
terview:
81 regard the whole series of recen
reports as fabricated and persistontly
and fraudulently persevered I'M II
spite Of positive donial, for
STOCK JoBBING PURPOSES,
aud in order TO commercially iyjurt
the Baltimore ~ Ohio Telegraph com
pany and its allies. haYe declined
positively all propositions emanating
from Western Union sources.
"Everywhero the attempt Of Jay
Gould TO bull the Western UnioI
stocks by spreading false reports wai
denounced ss an outrage upon the
rights OF an independent and success
iul competing company, that was gec
ond only III unscrupulously daring tht
forcible seizure of the American RapiC
wires.
"As Mr.. Garrett declares" said Presi
dent BRtes, of the Baltimore & Ohio
company, to a Herald reporter, "I lool
upon tho actions of the Western UniOI
people az an attempt TO affect the stocl
market and ipjure our reputation by
giving currency TO the idea tLat tht
Baltimore Il Ohio wants TO hell out. /
Is simply ridiculous TO suppose for {
moment that rich and independent
company like ours would leave thC
splendid position it has won. II II
ais o absurd to suppose, as one of Mr.
Fields dispatches says, that Mr.. Gar
r0tt claimed to be able to arrange Will
Mr.. MeckaY n settlement OF the cable'
90 we'll as the land lines. i do not be
| ll0NO lutb MI bNIIolL bNGF
MADE sUCuA STATEMENT.
Both no and Mr.. Mnckey are sensible
business men, aud IL would be wilC
talk for one TO say that no could con
troll tho other. Mr.. Gould's stRtemen
that the Baltimore IL Ohio company Il
losing over 100000 month is only III
to bo laughed al"
"l will tell you how this plot hal
hmm naFripH IN Htrot . ,uT,,n tr, :
harrassing suit, brought bv Mr.. ROs,
against this company. Mr.. Ross Ownot
$4,000 worth Of stock ard sued to re
strain the company from spending
money on It's wires on the ground thu
his rights as q stock holder were beinl
iniringed. He bought tho stock Oh
January 3, 1885, and investigation
showB that IL was purchased Tor hin
by Mr.. McCullum, the Baltimore man
ager Of the Western Union company
The affidavit OF Mr.. Ross in the suit Il
dated December 8, 1884, n month bo
lore no was u BtOCkholu8r. Shis show
that the suit was conoocted.
ny ENEMIES OF THE BALTIMORE AM
ONO,
ana the western Union manage
lbought the stock, which qualified Mr.
Ross TO brine tho harrassing action
Now, who u Rosa2 Ha is stenogrR
pher employed by Mr.. Graham,
brOthor.in-law of Erastus Wyman
who Is q director OF tho Western
Union company. All through tho sui
Ross claimed that tho Baltimore 1
Ohio company was losing largl
sums OF money. Tho genera
= tenor of the argument 4
strikingly like that of the Gould
l Fiold-Greon dispatches, The sworr
answer of MIR. Garrott's SAYS: '0u
company was making money, no
losing.' This summer the Western
Union company brought a now har
RAISING suit against us for an alleged
infringement OF a condenser paton
for the quadruplex. In tho affidavit o
President Gr6on,ot the Western Uniol
company, he claims that the Bnlti
more ,t Ohio company Ia doinl
business nc @ Large monthly
loss, and, 10 quolo his owl
words, not with any hope or expocts
tion OF making any moro by the leglt
imato pursuit of It's business, but wit
tho sole purpose and oxpactatlon o
compelling tho Western Union Tola