The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-08-12
The Baltimore and Ohio Lines.

New YORK, August 11.-Dr. Norvir
Green, President of the Western Union
Telegraph Company, makes public this
evening the remainder of correspon.
dence, chiefly cable dispatches, in re-
gard to the negotiations for purchase
OF the Baltimore and Ohio lines by the
Western Union or restoration of the
Geographic tolls by the two companies.
DR.. Green gives as reason for the pub
licat!on desire "to correct the impress.
sion made by Mr.. Robert CARROTS
cable card" which was SEM in these
dispatches last night. The first dispatch
Is from DR.. Green, to the Hon John
FENDER, London, and appears to be in
reply to a dispatch from the latter gen
tleman. 1t says that the same form OF
deal" was had with the Baltimore
and Ohio here (New York;; that
no hgures, were proposed, and
asks whether the Baltimore and
Ohio can give an order to admit of
an examination of its revenues and ex-
penses. This is dated July Sth. On
July LIST, Mr.. Pender says that Mr..
Garrett was not prepared to exhibit his
book, but suggested that the mileage OF
his lines was greater than that of the
Atlantic and Pacific and American
Union toge .her, when absorbed by the
Western Union. and seemed to think
that this might serve as basis of nego-
tiation. July 18th, DR.. Green replied
that the basis IS not satisfactory. and
says he could not go beyond the cost of
the property as basis. July 3lst. Mr..
Fender asks DR.. Green if the rumors of
settlement between the companies is
true, and is answered the same day
that they are not. August 4th, Mr..
Fender telegraphs to Dr. Green that
he will see Mr.. CARAT in Hamburg,
and present the doctors views.
August 5, DR.. Green replies that does
not think it best to press Mr. Garrett
with any urgency; that he is satisfied
that they are far apart in terms; that
Mr.. Garrett wants a large profit. and
that there must be IAN end to taxing in
at profit" Then follows Mr.. Pender's
telegram Of August 10, about a rise in
the value of Western Union stocks, sent
in these dispatches last night. Under
the date of August IL, DR.. Green replies
at considerable length. in the course of
which he says: % think you have been
imposed upon and must have acted I'M
company has represented that the deal
with the Baltimore and Ohio has been
made. l have steadily and uni |
formly denied that there was
any approximation to an agree
ment. Special interviews with !
me to that effect have been published. |
CARROTS card and your telegram made |
it appear that We were pressing negotia-
ton. whereas your letter of June 22d. |
shows that the first overture came from |
Garrett"
The correspondence concludes with |
series of dispatches between Cyrus w. |
Field, in London, and Jay Gould, i'll
New York, running from June II to
August 4, in which Field SAYS he has /
been invited to meet Garrett, who says
he can arrange with Mackey so as to
settle the tariff for cables as well as land |
lines, and adds that he thinks Garrett |
and Mackey are sick of their invest
and would like to come to some
agreement. Gould replies that the
Burlington and Ohio, as nearly as he
can learn. ARE losing over $50, 600 per
month in their telegraph bust
ness, and it is only a question of
time when it will carry down
the Baltimore and Ohio Company.
lie suggests InaI II lne baltlmOre q
Ohio will let the auditor of the Western
Union Company go over its accounts,
he is prepared to go through the figures
ton of business" August 4th,
Mr. Fields private secretary tel
egraphs him that Russell Sage
thinks it desirable to obtain his (Gar-
rett's) best offer of settlement or sale