The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-08-14


Then Ponder says stop, Mr., Gar |
rett has acted squarely to me; and be-
tween the lines you clearly reau some-
thing like this: What fool / have
Deen noS TO see that / was merely en-
gagged to pull tho chestnuts out Of the
nre. III had got them well and good, |
Gould would have taken them and.
possibly, in the kindliness OF his heart.
hRvo recommended cooling lotion for
my burned fingers; but haven't cot
them, aud now possibly my agency
Will be disavowed and my instructions
denied, Perhaps gentle reminder to
DO tho square thing will not como
amiss.
chow can you account for the evil
don't belieI in MIR. Pender's mind that
the Baltimore Il Ohio wires were in
the market?' the reporter asked.
son the best and most natural of all
was the reply. "What
men earnestly desire they can readily
accept as the gospel truth. Pender
has been peatered with cablegrams
from Gould and his gang to the effect
that they wanted to buy and Garrett
would sell; aud so by the perfectly
natural process of the imaoina-
ton, Mr.. Pender came to re-
gard the purchase as all but
accomplished, but Garrett is man who
cultivates the social virtues and Is
happy in counting among his
personal friends, many of the
bitterest enemies of the Bal.
timore & Ohio system, so when he
mot Ponder and Field in London he
did not behave like
A soRE-HEADED BEAR.
He did not thrDXy thann nnt Nf tbA xrfs,
dow, but simply acted like the court
eous gentleman he is. Pender inter-
preted Garretps behavior as sign of
weakness and eabled this conclusion
to his "boss." On getting down to
business, however, no became con-
vlnced of the enormity of his
error and he tried TO retract
his steps as far as possible.
| have no doubt that Ponder il greatly
disappointed, for, TO his mind, u pool
IL nothing short of paradise"
"Do you believe that advances were
made TO Mr.. Garrett on tits side OF tho
water from the Gould people in regard
to the purchase OF the Baltimore d
Ohlo?n
VI know as much. l saw Mr.. Gar
rett the night previous to HIS depart
ure Tor Europe, and he told mo so, and
ss,sO how useless they were In view OF
the feC' that to Bccept them would be
/ 10 run .uMter TO the customs and trs-
| ditious of the baltimore & Ohio, which,
during tho past half century, have
made that corporation opulent and
stable. The last words Mr.. Garrett
said to mo were words of warning
against my accepting as true 9ny such
rumOrs, Ak ho f0resaw that the Gould
men would in his absence disseminate
They might as well ask mo to sell the
Washington branch of the Baltimore
Il Ohio road"
He concluded: "Depend upon me Il
preserve the integrity of our system
whether II be our express, our tele.
graph or the railway itself. | consider
that tho Baltimore IL Ohio " making
money, aud
MO MONEY
at that, and when its connections are
made and extensions finished IL will
be most lucrative property, indeed.'
"By tho way, can't the public SET
that In view OF the small per centag,
which the Gould cable gets from tht
cablo pool IL Is impossible to pay tn
high dividends guaranteed by tn
Western Union and lay aside th
yearly 10 per cent for the reuewa
fund.- The dividends are paid, conse
quentIy 10 Ia prosumablo that no pro
visions arc being made Tor tho cabl
renewal. When Gould's man Ros
iilOd n bill few weeks ago praying fo
an Injunction 10 restrain tho Baltimore
~ Ohio from expanding money in thu
| purchase ana erection o.
new lines, tho healthy condition n
the Baltimore Il Ohio was exposed In
court and was not that OF the Western
Union. In DR.. Green's affidavit in the
suit concerning the alleged infringe
mont Of tho duplex telegraph con
denser tho following statement an
peared: 'The Baltimore & Ohio arr
dong a losing business of something
like $4,000 or 100000 per month. BY
this compotitlon telegraph rates havl
been reduced ruinously low From
this statement any rationalman woulC
conclude that tho Western Union hal
been compelled to cut rates and
STRUGGLE FOR BUSINESS
on an equality with tho Baltimore
Ohio. In carrying on its business, tn
Baltimore & Ohio, IL IL alleged, lose
500, goo q month. The Western Union'
business, IL Is claimed, Is 10 time
greater; consequently, by their owl
statement, thoylmust he el0sing SjO0,00
per month, and, therefore, on tn
verge of bankruptcy. elbow greenl'
the whole affair has been managed,
concluded Mr.. Rolf, with heart
laugh.
Mr.. Edward S. Stokes said that Il
view of the developments Of tho las
iOw days, IL must be apparent to Oh
public thSt Gould wanted moro wire
and was not particularly scrupulous Il
his modo OF obtaining them. Mr.. j OH
Ponder, M. r., is the director of q grea
many telegraph companies; Il
fact, no IL the most shin
ing light in this rospeC
for Sir JamOs Anderson, whose en-
gagements as "A telegraph director ar
oven more humorous than those q
Mr.. Ponder, shines only with an ei
Mlgoncn which seems TO be as OF re
llectod light. Sun, Mr.. Pendor IL no
too wise, and, like great many otho
men, no has susceptible heart ant
has his weak moments. Weakness
Overcamo him at n meeting of th,
Direct United States Cable COMPANY
on Friday last, when, instead OF tell
ing his shareholders frankly anI
| FlNlhAN kANh AhNN AlAhnh
FACE THE OPPOSITION
lately instituted In the Atlantic cabl,
business and make tho best OF IT, h,
allowed his feelings TO carry HIN
away, and resorted TO threats which h
knows, az everybody else knows, ar
moroly idle Y0rbiage. Not merely idle
perhaps, for threats OF this kind ar
mlschievOus, lnasmuch as they ton,
TO create feeling OF bitterness whicl
may not bo of advantage in tho lou
run to Mr.. Pender's shnre
holders, Six months ago, whei
Mr.. Ponder last addrosse,
the shareholders OF the Direct Unite,
Statos Cable company, he told then
how ho had pointed out to the proprio
tors OF the commercial cables tina
their receipts must be about ono lift
OF tho whole amount oil the trans-At
lantic business. Now he admits tina
those receipts have, to use his words
probably amounted 10 about % pe
cont. of the total receipts-a state q
things which could not possibly xiv
satisfaction. We are not quite sur
whether he meant that the state @
things was unsatisfactory 60 tho AZ
lantlc cable ring, or unsatlsractor,
10 MOgsrH. Bennett and Mnolsav. hf