New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-05
MR. GARLANDS INTEREST IN TELEPHONES.
SOME oFFsnoOIs or TIE PAN-ELECrRIC COMPANY

I SOME OFFNuODiS Ot lnk fAN-tIr' ihlA 'OAIAN i
CONFERENCES With THE PRESIDENT
WASHINGTON, Oct. 1 (Specidn.-The state
ment that Attorney-Generh Garland IL the owner of
stock worth 81 800 900 face vaue In tho Pan-Eectrc
Telephone Companies has surprised COOL many peo-
pie yet the figures given do not represent his entire
interest in the telephone business The Pan Electric
Telephone Company has licensed six or eight local
companies the capital stock OF each Of which averages
about So 100000. Under tho licenses granted, the
Pan Electric Company receives 40 per cent OF the cap
itl stock OF each OF the local companies For example
The Baltimore Company, which was organized by ex-
Congressman Hencklo and Bradley 4. Johnson, Is
stocked at s5,00O.o0o. two-nfths Of which belong
to the Pan-Ecctric Company, and Mr.. Garland the
owner oneenth OF the stock OF the latter company
Is entitled under the terms OF the cense to stock Of tho
Baltimore Company worth 100000. 1t is intimated
that his interest the stock OF the local companies
amounts 10 about 81 100000
Mr. Garland's ownership OF stock of the Baltimore
Company OF makes him OF the defendants OF
the suit pending in tho Baltimore
court IL Is understood that u
meeting the Pan Electric directors held In Wash
ington Yesterday and that Bradley T. Johnson, OF the
Baltimore company, was designated to y roceed to Mem
phIs to represent of the PanElectrc Com
pamy the suit there pending. the hearing for which is
set down for October H. II Is supposed that General
Johnson the place OF Casey Young OF tho
special counsel employed by the Attorney
Generals Department to prosecute tho
Memphis suit. General Young being incapactatcd
by illness from appearing In person.
The qualifications OF the Pan Electric Company are eN
teusvc. One OF the companies Is called tho Rogers
Telegraph and Telephone Company. The president OF
IL General J. W. Denver, OF Ohio; tho secretary Con
eral Frank Armstrong. lately appointed an Indian In
speotOr; the treasurer ex-COngressman klotz
and among the other directors are ex-Congress
men Money and Manning. OF Mississippi. and
Colonel X. i. Looncy. OF Memphis the Tennessee mem
Der the Democratic National Committee The Rogers
Company is advertised as A combination OF Interests
I'm the Pan;ecrc and the American Postal Telegraph
panes. There is some to believe that one OF
plans Of the spectators interested IN these various
Psn-Electric patents Is tho urging upon Con
gress OF tho establishment OF Postal Tcle
graph system, and IL is asserted that tho
candidacy o! ex-Congrcssmin Money for the Office OF
Postmaster General backed BY all the interests In
voyed.
persons appear TO believe that the ruccess of the
PanEecric suit In Memphis, and the breaking down OF
the Bell monopoly Is tn result In making telephones free
everybody. and, therefore, that the plaintiffs In that
suit public benefactors who wish to engage in the
terprlsc. Judging by the terms OF the
licenses granted by tho Pan-Electrc aud National In
proved Companies TO local organizations such Is not the
For example, the license Granted 10 the Pitts
burg Company requires the local company 10 pay
royalty OF - year for each transuter and receiver
and To pay 50 for each OF those instruments furnished.
besides 50 for each telephone furnished.
There Is confirmation OF the report that Attorney
General Garland has decided TO dispose OF his
the telephone business IL Is known that he has had
several conferences with the President. OF which
supposed Ia have related the subject
nectiou with the telephone suits.